FuturesCom
Investment Publications
Morning Comments, Friday Feb 22nd, 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
Courage
in a Speculator is merely confidence to act on the decision of his mind
Thursday
Feb 21st , 2001
2:35 PM Eastern Standard Time
The Frenzied Forex Front
March Yen
Recommended open BW Position Long at 7554
Support should
appear near 7428 to 7414.
Resistance
should appear near 7487 to 7513
March Euro Currency (EC)
Support should appear near 8683 to 8668 and
8628.
Resistance is at 8723 and 8762 to 8777, a close over 8777 is friendly and augurs for a test of
8816 and the 8856 to 8871 region. BW traders should go long if a close over 8777 occurs.
Resistance should appear near 5912 and 5945 to 5957.
Support should appear near the 5880 to 5855 region.. a close under
5855 is negative and augurs for a test of 5805 to 5795 BW Traders should go short if a close under 5854 occurs..
March British Pound
Support should
appear near 1.4210 to 1.4150
Resistance is at 1.4272 and 1.4322
March Canadian Dollar
Support should
appear at 6271 to 6256 and 6227
Resistance is at 6305 , a close over 6305 is friendly and augurs for a
test of the 6337 to 6350 region
March Aussie Dollar
Support is
at 5139 to 5127 and 5098..
Resistance should appear near the 5200 to 5211 region
The Sensational Stocks and Bonds
Dow Jones Industrial Average
Resistance should appear near 9921 to
9937 and 9979..Beyond that sellers should appear near 10,021 to 10,037..
Support should appear near 9822 and 9779 under that a test of 9737 to 9706 is
likely.
March SP500
Resistance should appear near 1082.00 and
1089.00 , beyond that sellers should appear near 1096.00
to 1101.00
Nasdaq Composite
Resistance is at 1731 to 1738 and 1756.
Support is at 1696 to 1689 and 1671
Nearby Resistance is at 1377 to 1383 and 1415 to 1421.
Nearby support is at 1346 to
1334 and the 1310 to 1304 region..
March 10 Year T-Note
Resistance should appear near 107-07 and the 107-21 to 107-23
region. Beyond that a test of 108-04 is likely.
Support is at 106-23 then 106-12 to 106-07
Precious
Metals
April
Gold
Recommended Open BW Position Long at 293.8
Support
should appear near 292.8 and 288.3 to 287.4
Resistance is at 295.4
and 297.2 to 299.0
March
Copper
Recommended
Open BW Position Long at 7515
Support should appear near the 7080 to 7070 and the 7005 to 6990, region. Below that a test of
6920 to 6910 is likely. Aggressive BW traders can buy at 6925 and hold for higher prices..
Resistance should appear near 7170 and 7255 to 7270
March Silver
Recommended
Open BW Position Long at 453
Support should appear near 438 to 437.5
Resistance
is at 442.5 to 444.5 and 450 to 451.5
The Exciting Energies
April
Crude Oil
Support
should appear near 2088 to 2080 then 2042 to 2034 and the 1996 to 1982 region.
Resistance
is at 2126 to 2134 and the 2170 to 2185.
April
Unleaded Gas
Support
should appear near
6430
to 6415 and the 6350 to 6335 region. .
Resistance is at 6575 to 6590 then 6655 to 6670 and the 6740 to 6755 region.
. .
April
Heating Oil
Resistance is at 5555 to 5580 and 56409 to 5655.. Beyond that a
test of 5715 to 5730 is likely
Support should appear near 5505 to 5490
and the 5430 to 5415 region. Under that 5355 to 5345 should hold.
The Lively
Livestock
April Live Cattle
Support should
appear near 7487 and 7427 to 7412.
Resistance is at 7512 then 7552
and 7587 to 7602
April Hogs
Nearby Support is at 5882 to 5857
and 5807 to 5792 , which
should contain a decline..
BWTraders can buy at 5807 and risk a close under 5712 for three days in a row.
Resistance is at 5942 to 5957 and 6022 to 6037 ...
June Hogs
Support is at 6512 to 6482. .. Below that support
should appear near 6432 to 6417.
BW Traders can buy at 6432 and hold for higher prices going forward..
Resistance is at 6577 to 6592 and 6657
to 6672.
March Pork Bellies
Support should appear at 7602 to 7587 and 7512 to 7487.
Resistance should appear near 7662
to 7687 and 7762 to 7777. Above that resistance should appear
near 7832 to 7867.
-Stay tuned for Livestock and Belly Updates and Flashes-
The Grande' Grains
March Soybeans
Resistance
is at 450 to 451 1/2 .
Support should appear near 442 1/2 and 438 1/2 to 437..
March
Soybean Meal
Recommended
Open BW Position Long at 149.8
Support should appear near 149.6 to 148.4 and 145.9 to 145.3..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.
March
Soybean Oil
Support is near 1576 to 1568 and 1552.
Resistance is
at 1592 and the 1609 to 1615 region.
March Corn
Resistance should
appear near 208 to 208 3/4
Support is at the 204 1/4 to 203 1/2 region
BW Traders should go, long if a close over 208 3/4 occurs..
March Wheat
Nearby Support should appear near 277 1/2 to 275 3/4 and 272 1/2
to 271 3/4
Resistance is at 282 to 282 3/4
Aggressive BW
Traders should go long if a close over 282 3/4
occurs.
The Satisfying Softs
May Cotton
Support
should appear near the 3495 to 3505 region.. Under
that buyers should appear near 3445 to 3425.. .
Resistance is at 3610
to 3625 and 3665 to 3685.
May
Coffee
Support is
near 4995 to 4970 and 4930 to 4915 , under that buyers should appear near 4855 to 4845 and
the 4785 to 4775 region.
Resistance should appear near 5065 then 5125 to 5135 and the 5200 to 5210 region.
May Sugar
Support should appear near 562 to 559 and the 539 to 534 region.
Resistance should appear near 582 to 586, a close over
augurs for a test of 601 to 609
BW Traders should go long if a
close over 586 occurs.
May Cocoa
Recommended Open BW position Long at 1405
Resistance is at 1415 to 1421 and 1453 to 1459..
Support should appear near 1383 to 1377 and the
1346 to 1334 region.. BW Traders can buy at 1386 and risk a close under 1333 for
three days in a row..Under that 1310 to 1304 should contain a decline..
.
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
February 21st
2002
5:00 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
Premier
Service
Final' 2001 Year End Totals as of 2-19-2002 http://www.futurescom.com/premper01.htm
Recommended
Open Positions
as of 2-21-2002
Long 10 March EC 8735
Short 5 March Pork Bellies 7680
Long 20 July Beans 447 1/4 avg.
Long 20 May Wheat 284 avg
Index Program
Final
'2001 'Year End Totals as of 2-19-2002 http://www.futurescom.com/index01.htm
Recommended Open Position as of 2-21-2002
Short 2 March SP500 1088.50