Economic
and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones -
Nasdaq - SP500-
Precious Metals - Energy - Livestock - Grains - Softs
FuturesCom
Investment Publications
Morning Comments Feb 1st, 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
Thursday,
January
31st,
2001
3:00
PM
Eastern Standard Time
Financial
Markets
January non- farm payrolls are
expected to be flat to down around 50,000 jobs. By contrast, non-farm payrolls fell by 124,000 jobs in December, 371,000 in November and 448,000 in
October. The consensus estimate of economists is for the unemployment rate to edge up slightly to 5.9% from 5.8% in December. The monthly data for January is due out from the Department of Labor
Friday at 8:30 a.m. E
On
the Frenzied Forex Front
March Yen
Recommended
open position , long at 7515
Support
should
appear near 7428 to 7414 region..Below that 7342 to 7328 offers support.
Resistance should appear near the 7486 to 7513
March
Euro Currency (EC)
Support
should
appear near 8560 and 8499 to 8484
Resistance
is at
8589 and 8628
March
Swiss Franc
Resistance
should appear near 5835 and 5855 to 5880.
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 6335 to 6350
March Aussie Dollar
Support is at
5035
and 4995 to
4975
Resistance should appear near 5067 and 5098
Stay tuned for Forex Updates
The
Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should appear near 9937 and 10,021to 10,037
Support should appear near 9879 and 9837 to 9821 then 9779
March SP500
Recommended Open Position Short
2 at 1110.70 avg
Resistance
is at the 1133
to 1136 region and 1143.00
Support should appear at 1122.70 then 1115.5 and 1108.70
Nasdaq
Composite
Resistance is
at 1946 to 1953
Support is at 1909 to 1902 and 1883
March
Mini- Nasdaq 100
Resistance is at the 1569 to 1576 region
Support
is at 1552 and 1535 to 1529
Trade Accordingly and Stay tuned….
March
10 Year T-Note
Resistance should
appear near 106-07 then 106-12 and 106-23 then 107-07
Support is at 105-23 and 105-12 under that 104-23 should contain a
decline.
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
Recommended open position long at 7335
Support
should appear near 7170 to 7140
Resistance should appear near 7415 to 7430 and 6485 to 7515.
March
Silver
Recommended open position long at 452
Support should
appear near 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 430 to 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 and the 1982 to 1996 region.
March Unleaded Gas
Recommended Open Position ,long at 5880
Support should appear near 5730 to 5715 and the 5655 to 5645
region.
Resistance is
at the 5790 to 5805
and 5945 to 5955
March Heating Oil
Recommended Open Position Long at 5285
Resistance
is at 5415 to 5430 then 5490 to 5505 and the 5550 to 5575 region
Support should appear near the 5280 to 5255 and 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 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 the 6037 to 6022
region. ..a close under is negative and augurs for a test of
5957 to 5942
Resistance is
at 6102 to 6112 and 6162 to 6192
.
June
Hogs
Support is at 6672 to 6657 .
Resistance is
at 6742 to 6757
February
Pork Bellies
Support should appear near 7487 and the 7432 to 7417 region..Below
that a test of 7342 to 7327 is likely.
Resistance is at 7587 to 7602 and
the 7677 to 7682 region Beyond that saellers should appear near 7762 to 7777
-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 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 282 3/4 to 282 and the 277 1/2 to 275 1/2 region.
Resistance is at 287 3/4 to 288 1/4
The Satisfying Softs
March
Cotton
Support should
appear near the 3505 to 3495 and 3445
to 3425.
Resistance is at the 3555 to 3565 and 3610 to 3625..
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
Resistance
should appear near 656 to 661
Support should appear near 634 to
630 and 609 to 601
Trade Accordingly
March
Cocoa
Resistance is
at 1361 and 1377 to 1383 and 1415 to 1421
Support should
appear near1334.. 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
Thursday,
January 31st 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 1-31-2002
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 25 April Hogs 6067 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 1-31-2002
Short 4 March SP500 at 1117.50 Avg
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html
FuturesCom
Investment Publications
Copyright@1996-2002 all rights Reserved