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 31st, 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
3:00
PM
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 5880 and 5912.
Support should appear near
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
4995 to
4975
Resistance should appear near 5057 to 5067 and 5098
Stay tuned for Forex Updates
The
Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should appear near 9779 and the 9821 to 9837 region
Support should appear near 9737 to 9706
March SP500
Recommended Open Position Short
2 at 1110.70 avg
Resistance
is at 1122.70.. Beyond that sellers should appear near the 1130
to 1136 region
Support should appear at 1108.70 then 1101 to 1098.50 and 1096
Nasdaq
Composite
Resistance is
at 1927.5 and 1946 to 1953
Support is at 1909 to 1902 and 1883
March
Mini- Nasdaq 100
Resistance is at 1552 and the 1569 to 1576 region
Support
is at 1535 to 1529, a slip under augurs for a test of 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
Recommended open position long at 282.9
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
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 6990 to 70065 and 7075 to 7090
March
Silver
Recommended open position long at 452
Support should
appear near 425 to 423.5 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 5575 to 5550 and 5505 to 5490
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 7552 and 7517 to 7487
Resistance is
at 7587 to 7602 and the 7672 to 7687 region
-Stay tuned for updates--
Recommended Open
Position Short at 6100
Support is at 6112 to 6202 and the 6037 to 6022
region.
Resistance is
at 6162 to 6192 and the 6257 to 6272 region
.
June
Hogs
Support is at 6672 to 6657 .
Resistance is
at 6742 to 6757
February
Pork Bellies
Recommended Open
position Short at 7587
Support should appear near 7517 to 7487 and the 7432 to 7417 region…
Resistance is at 7602 and
the 7677 to 7682 region Beyond that saellers should appear near 7762 to 7777
Day Traders can sell and 7762 and hold for lower prices.
-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
March Wheat
Recommended Open Position , Long at 298
Nearby
Support should appear near 277 1/2 to 275 1/2
Resistance is at 287 3/4 to 288 1/4
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 4570 to 4580 and 4635 to 4650
March Sugar
Recommended Open Position Long at 741
Resistance
should appear near 682 to 686
Support should appear near
652 and 634 to 630.
Trade Accordingly
March
Cocoa
Resistance is
at 1377 to 1383 and 1415 to 1421
Support should
appear near 1361 and 1346 to 1334.. Below that support sahould appear near 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
4:35 PM
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.
-----------------------------------------------------------------------------------------
FuturesCom Investment Publications -Copyright@1996-2002 all rights reserved
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 1-30-2002
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 9 March SP500 1117.90 avg
Long 10 April Gold 282.9
Long 5 March Silver 453.5
Short 20 April Hogs 6052 avg
Short 5 Feb Bellies 7400
Short 4 March Bellies 7652
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
http://www.futurescom.com/index01.htm
Recommended Open Position as of 1-30-2002
NONE
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html
FuturesCom
Investment Publications
Copyright@1996-2002 all rights Reserved