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 5th, 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
Monday
Feb 4th, 2002
3:55
PM
Eastern Standard Time
Financial
Markets
On
the Frenzied Forex Front
March Yen
Support
should
appear near 7550 then 7513 to 7486
Resistance should appear near 7587
to 7601 is likely , a close over 7601 is friendly and augurs for a test
of 7675
to 7690..
BW Traders should go long if a close over 7601 occurs..
March
Euro Currency (EC)
Recommended Open Position Long at 8686
Support
should
appear near 6883 to 8668 and 8629 then 8589 to 8560 and 8499 to 8484
Resistance
is at 8762
to 8777
March
Swiss Franc
Recommended Open Position long at 5891
Resistance
should appear near 5912 and 5945 to
5957.
Support should appear near
5880 to 5855 and 5805 to 5795
.
March
British Pound
Support should
appear near 1.4150 then 1.4072 and 1.3990 ..
Resistance is
at 1.4210 and 1.4272
March
Canadian Dollar
Support
should appear at 6256 and 6225.
Resistance is
at 6305 and 6335 to 6350
March Aussie Dollar
Support is at
5067
to 5035
and 4995 to
4975
Resistance should appear near 5098, beyond that a test of
5127 to 5135 is likely
Stay tuned for Forex Updates
The
Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should appear near 9737 and 9779 beyond that 9821 to
9837 offers resistance
Support should appear near 9673 and the 9641 to 9625 region.
March SP500
Resistance
is at the 1096 to 1098 and 1101 then 1108.30 ,
beyond that a test of 1115.5 is likely..
Support should appear at 1082.00 , below that buyers should
appear near 1068.00 to 1063.00 and 1058.
Nasdaq
Composite
Resistance is
at 1858 to 1865 and 1883.5
Support is at 1822 to 1808 and the 1780 to 1774 region.
March
Mini- Nasdaq 100
Resistance is at 1496 and the 1529 to 1535 region
Support
is at 1486 then 1459 to 1453 and 1421 to 1415
Trade Accordingly and Stay tuned….
March
10 Year T-Note
Resistance should
appear near 107-07 and 107-17 to 107-21
Support is at 106-23 and 106-12 to 106-07.
Precious Metals
April Gold
Recommended open position long at 282.9
Support should appear near 288.3 to 287.7 and 285.2
Resistance is
at 292.8 to 293.7
March Copper
Recommended open position long at 7335
Support
should appear near 7255 to 7240 and 7170 to 7140
Resistance should appear near 7325 to 7345 and 7415 to 7430
March
Silver
Support should
appear near 425.5 to 423 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 437 to 438.5 and the 442 1/2 to 444.5 region.
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 1996 to 1982 then 1953 to 1946 and the 1909 to 1902 region..
Resistance is at 2034 to 2042...
March Unleaded Gas
Support should appear near the 5880 to 5855 region. Below
that buyers should appear near
5805 to 5790.
Resistance is
at the 5945 to
5955 and 6020 to
6035.
March Heating Oil
Resistance
is at 5490 to 5505 and the 5550 to 5575 region
Support should appear near the 5355 to 5345 then 5280 to 5255 and the 5140 to 5125 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 7672
-Stay tuned for updates--
Recommended Open
Position Short at 6100
Support is at the 6177 to 6165 ..a close under is negative and augurs for a test of
6115 to 6102 ...
Resistance is
at 6257 to 6272
.
June
Hogs
Support is at 6672 to 6657 and 6592 to 6577.
Resistance is
at 6742 to 6757 and 6807 to 6837 and 6907 to 6922
March
Pork Bellies
Support should appear near 7602 to 7587 then 7512 to 7487 and the 7432 to 7417
region..
Resistance is at the 7677 to 7682 region Beyond that
sellers 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 437 to 438 1/2
Support should appear near 431 1/2 to 430 1/2 and 425 to 423
..
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 152.9 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
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 279 3/4 and the 277 1/2 to 275 1/2 region.
Resistance is at 282 to 282 3/4 and 285 1/4
The Satisfying Softs
March
Cotton
Support should
appear near the 3695 to 3665 and 3625 to 3610.
Resistance is at the 3795 to 3805 and 3855 to 3865.
March Coffee
Recommended Open Position Long at 4790
Support is
near the 4505 to
4515 then 4445 to
4425 and 4315
to 4305.
Resistance should appear near 4570 to 4580 and 4635 to 4650
March Sugar
Resistance
should appear near 630 to 634 and 656 to 661
Support should appear near 620
and 609 to 601
Trade Accordingly
March
Cocoa
Resistance is
at 1415 to 1421..
Beyond that 1453 to 1459 should cap the rally for a bit.. Traders can sell at
1452 and hold for lower prices..
Risk a close over 1496 for three days in a row
Support should
appear near 1383 to 1377 and 1346 to 1334
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
Monday Feb 4th, 2002
4:12 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 2-04-2002
Long 10 March EC 8813
Long 10 March Swiss Franc 6035
Long 10 March Aussie Dollar 5156 avg
Short 2 March SP500 1106.50
Long 10 April Gold 282.9
Long 10 March Silver 443.2 avg
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 10 March Soymeal 153.6 avg
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 2-04-2002
NONE
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html
FuturesCom
Investment Publications
Copyright@1996-2002 all rights Reserved