Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500-
Precious Metals - Energy - Livestock - Grains - Softs
FuturesCom Investment Publications
Morning Comments January 30th, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
7690 Rockport Circle, Lake Worth, Florida 33467 Tel: 1-561-433-2995 http://www.futurescom.com
Description of Services Premier Service
Wednesday, January 30th, 2001
2:00 AM Eastern Standard Time
Financial Markets
On the Frenzied Forex Front
March Yen
Recommended open position , long at 7515
Support should appear near 7513 to 7486 and the 7428 to 7414 region.
Resistance should appear near the 7587 to 7601 region. A close over is friendly and augurs for a test 7675 to 7687. Aggressive BW Traders should go long / add if a close over 7601 occurs.
March Euro Currency (EC)
Support should appear near the 8589 to 8560
Resistance is at 8668 to 8683
Aggressive BW traders should go long if a close over 8683 occurs..Stay tuned for Updates
March Swiss Franc
Resistance should appear near 5912 and the 5945 to 5957 region.
Support should appear near 5880 to 5855 then 5805 to 5795
BW Traders should go long if a close over 5880 occurs .
March British Pound
Support should appear near 1.4042 to 1.3990 and the 1.3830 to 1.3770 region..
Resistance is at 1.4150 to 1.4210.
March Canadian Dollar
Support should appear at 6271 to 6256 and 6225.
Resistance is at 6305 then 6335 to 6350
March Aussie Dollar
Recommended Open Position , Long at 5131
Support is at 5098 and the 5067 to 5055 region
Resistance should appear near 5129 to 5137
Stay tuned for Forex Updates
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 9625 to 9641 and 9678, beyond that 9706 to 9737 should cap a rally for a bit..
Support should appear near 9542 to 9526
March SP500
Recommended Open Position Short at 1125.50
Resistance is at 1115.50 and 1122.70.. Beyond that sellers should appear near the 1130 to 1136 region
Support should appear at 1101 to 1096 and 1082
Nasdaq Composite
Resistance is at 1902 to 1909.
Support is at 1883
March Mini- Nasdaq 100
Resistance is at 1529 to 1535 and 1552
Support is at 1496 to 1484
Trade Accordingly and Stay tuned….
March 10 Year T-Note
Resistance should appear near 106-12 and 106-23 then 107-07
Support is at 106-04 then 105-23 and 105-12..
Precious Metals
April Gold
Support should appear near 282.8 to 282.0 and 279.7 then 277.5 to 275.8..
Resistance is at 287.4 to 288.3
BW Traders should go long if a close over 282.8 occurs
March Copper
Support should appear near 6920 to 6910 and the 6835 to 6805 region.. .Below that support is at 6755 to 6740 and the 6670 to 6655 region. BW Traders can buy at 6675 and risk a close under 6655 for three days in a row.
Resistance should appear near 7075 to 7090 and 7140 to 7170 a close over is friendly and augurs for a test of 7240 to 7255 then 7325 to 7340
BW Traders should go long if a close over 7170 occurs
March Silver
Recommended open position long at 452
Support should appear near 425 to423.5 and 418.5 to 416...Below that support should appear near the 412 to 411 region.. which should contain a decline for a bit...
Resistance is at 431.5 then 437 to 438.5
Aggressive BW Traders should go long if a close over 432.0 occurs. ..Stay tuned for Updates
The Exciting Energies
March Crude Oil
Recommended Open Position Long at 1996
Support should appear near 1909 to 1902 region..
Resistance is at 1946 to 1953
March Unleaded Gas
Recommended Open Position ,long at 5880
Support should appear near 5655 to 5640 and 5575 to 5550.
Resistance is at the 5715 to 5730 and 5790 to 5805
March Heating Oil
Recommended Open Position Long at 5285
Resistance is at 5200 to 5210 and 5255 to 5580
Support should appear near the 5140 to 5125 region Under that buyers should emerge from the sidelines at 5065 to 5055 and the 4995 to 4975 region. .
Trade Accordingly and stay tuned for updates.
The Lively Livestock Markets
April Live Cattle
Recommended Open Position Short at 7487
Support should appear near 7512 to 7487.
Resistance is at 7587 to 7602.
-Stay tuned for updates--
Recommended Open Position Short at 6100
Support is at 6037 to 6022
Resistance is at 6102 to 6112 then 6162 to 6192 and the 6257 to 6272 region
.
June Hogs
Support is at 6592 to 6577.
Resistance is at 6672 and 6742 to 6757
February Pork Bellies
Recommended Open position Short at 7587
Support should appear near 7432 to 7417 and the 7342 to 7327 region…Under that buyers should appear near 7257 to 7242 and the 7172 to 7142 region BW Traders can buy at 7172 and hold for higher prices..
Resistance is at 7487 to 7512 and 7587 to 7602
-Stay tuned for Livestock and Belly Updates and Flashes-
The ‘Grand’ Grain Markets
March Soybeans
Recommended Open Position , Long 442 3/4 avg
Resistance is 431 1/2 and 437 to 438 1/2
Support should appear near 425 to 423 and the 418 1/4 to 416 1/2 region..
March Soybean Meal
Support should appear near 149.6 to 148.4..Below that 145.9 to 145.3 should hold..
BW Traders can buy at 145.9 for a bounce and risk a close under 145.3 for three days in a row.
Resistance is at 151.5 to 153.5 and 156.9 to 157.6
March Soybean Oil
Support is near 1496 to 1484 and the 1459 to 1453 region...
Resistance should appear near 1529 to 1535.
March Corn
Recommended Open Position , Long at 214 3/4
Resistance should appear near 208 to 208 3/4
Support is at 204 1/4 to 203 1/2
BW Traders should go, long if a close over 213 1/2 occurs..
March Wheat
Recommended Open Position , Long at 298
Nearby Support should appear near 288 1/4 to 287 1/2 and should contain the decline...
Day Traders can buy 2 at 288 1/2 and risk 7 cents
Resistance is at 292 3/4 to 293 1/2
The Satisfying Softs
March Cotton
Support should appear near the 3565 to 3555.region. Under that buyers should appear near 3445 to 3425.
Resistance is at the 3665 to 3685 and the 3730 to 3745 region..
March Coffee
Recommended Open Position Long at 4790
Support is near the 4445 to 4425 and 4315 to 4305.
Resistance should appear near 4515 and 4570 to 4580
March Sugar
Recommended Open Position Long at 741
Resistance should appear near 682 to 686
Support should appear near 661 to 652 .
Trade Accordingly
March Cocoa
Resistance is at 1361 and 1377 to 1383.
Support should appear near 1334 then 1310 to 1304. BW traders can buy at 1311 and hold for higher prices..
A Ship in Harbor is Safe.. But that is not what ships are built for --
Happy Trading !
Bill
bill@futurescom.com
1--561-433-2995
Wednesday, January 30th 2002
3:15 AM
THIS PUBLICATION CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS
ARE ATTRIBUTED TO OTHER SOURCES. WRITTEN PERMISSION IS REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION. FUTURES TRADING ARE RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS. THE USE OF OPTIONS AND OPTION TRADING INVOLVES A HIGH DEGREE OF RISK. THE USE OF STOPS MAY NOT LIMIT LOSSES TO INTENDED AMOUNTS. SPREAD POSITIONS MAY NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY. ADDITIONAL RISK DISCLOSURE IS AVAILABLE.
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FuturesCom Investment Publications -Copyright@1996-2002 all rights reserved
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 1-29-2002
Long 15 March Yen 7499 avg
Long 10 March EC 8813
Long 10 March Swiss Franc 6035
Long 10 March Aussie Dollar 5156 avg
Short 4 March SP500 1132.60
Long 10 Feb Gold 284.6 avg
Long 5 March Silver 453.5
Short 20 April Hogs 6052 avg
Short 9 Feb Bellies 7587 avg
Long 30 March Soybeans 443 1/4 avg
Long 5 March Soymeal 157.8
Long 20 March Corn 213 3/4
Long 30 March Wheat 301 avg
Long 20 May Wheat 301 1/2 avg
Long 5 March Coffee 4920
Index Program
Recommended Open Position as of 1-29-2002
NONE
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html
FuturesCom Investment Publications
Copyright@1996-2002 all rights Reserved