March Yen Recommended Open Position Long at 7554 Support remains near 7428 to 7414

Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500-
Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments, Tuesday February 26th, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Description of Services Premier Service

Monday Feb 25th , 2002
2:35 PM Eastern Standard Time

The Frenzied Forex Front

March Yen
Recommended Open BW Position Long at 7554
Support remains near 7458 and 7428 to 7414, BW traders can buy at 7429 and hold for higher prices. Under 7414 some buyers should emerge near the 7342 to 7328 region..

Resistance should appear near 7486 to 7513. A close over is friendly and augurs for a test 7587 to 7601 and eventually the 7675 to 7687.
Aggressive BW Traders should go long if a close over 7513 occurs.

March Euro Currency (EC)
Recommended open BW position, long at 8723
Nearby Support should appear at the 8683 to 8668 region. Below that support is at 8589 to 8560 and the 8499 to 8484 region.

Resistance is at 8722 and 8762 to 8777, a close over 8777 is friendly and augurs for a test of 8818 . Aggressive BW traders should go long if a close over 8777 occurs. Stay tuned for Updates

March Swiss Franc
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 .. .Aggressive BW Traders should go short if a close under 5854 occurs..

March British Pound
Support should appear near 1.4210 to 1.4150,BW traders can buy at 1.4212 and risk a close under 1.4148 for three days in a row..
Resistance is at 1.4268 , beyond that a test1.4336 is likely.

March Canadian Dollar
Support should appear near 6226 and the 6190 to 6165 region. . Below that 6113 to 6101 should contain a decline.
Nearby Resistance is at 6256 to 6271, a close over is friendly and augurs for a test of the 6337 to 6350 region. BW Traders should go long if a close over 6272 occurs.

March Aussie Dollar

Support is at 5098, below that a test of the 5067 to 5056 region is likely. Under that the 4996 to 4975 region should bring buyers out for the woodwork contain a decline for a bit..
Resistance should appear near 5129 to 5135 then 5176 and 5200 to 5211,

Aggressive BW Traders should go long if a close over 5135 occurs

The Sensational Stocks and Bonds

Dow Jones Industrial Average
Resistance should appear near 10,185 then 10,255 and the 10,320 to 10,360 region, which should cap a rally for a bit
Support should appear near the 10,136 to 10,104

March SP500
Resistance should appear near 1115.50 and 1122.70... .Well-heeled Traders can sell at 1115.40 and risk a close over 1135 for three days in a row...Beyond that sellers should appear near 1130 to 1136 and 1143 and 1150.
Support should appear at 1108.70 and 1101.00 to 1098.00
Aggressive BW Traders should go short if a close under 1089 occurs..

*Stay Tuned for BW Updates and additional trades during the trading sessions..

Nasdaq Composite
Resistance is at 1774 to 1780 and the 1809 to 1822 region. .
Support is at 1759 and the 1738 to 1731 region.

March Mini Nasdaq 100
Resistance is at 1415.00 to 1421.00. Beyond that sellers should appear near 1459.00 and the 1484.00 to 1496.00 region ..
Support is at 1396 and the 1383 to 1377 region.

Trade Accordingly and Stay tuned….

June 10 Year T-Note
Resistance should appear near 106-07 and 106-12 .
Support is at 105-23 . Below that buyers should appear near 105-07.

Precious Metals

April Gold

Recommended open Position Long at 293.8
Nearby Support should appear at 292.8 and the 288.3 to 287.4 region. Below that buyers should appear near 282.9 to 282..
Resistance is at 295.5 a close over is friendly and augurs for a test of 297.2 to 299 and most likely the 303.6 to 304.5 region.

BW Traders should go long/ add if a close over 293.9 occurs

May Copper
Recommended Open BW Position, Long at 7125
Support should appear near 7090 to 7075 and 7005 to 6990 and under that buyers should appear near 6920 to 6910 and the 6835 to 6810 region. Aggressive BW traders can buy at 6925 and hold for higher prices.. Initially plan on risking a close under 6805 for three days in row.. ..

Resistance should appear near 7140 to 7170 . a close over is friendly and augurs for a test of 7240 to 7255 and 7325 to 7340

May Silver
Recommended Open BW Position Long at 438.5
Support should appear near 437 and the 431 to 430 region

Resistance is at 442.5 to 444.5 , a close over 444.5 is friendly and augurs for a test of 450.5 to 451.5

Aggressive BW Traders should go long if a close over 444.5 occurs. ..Stay tuned for Updates

The Exciting Energies

April Crude Oil
Recommended Open BW Position Long at 2043
Support should appear near 2042 to 2032. Under that support should appear near 1996 to 1982, which should contain a decline for a bit..
Resistance is at 2080 to 2088 and 2126 to 2134
Aggressive Bw traders should go long if a close over 2134 occurs..

April Unleaded Gas
Recommended Open BW Position Long at 6515
Support should appear near 6335 then 6270 to 6255 and 6190 to 6165,
Which should contain a decline for a bit...
Resistance is at the 6415 to 6430 and 6485 to 6510

April Heating Oil
Recommended open BW Position Short at 5275
Nearby Resistance is at 5345 to 5355 and 5415 to 5430
Nearby Support should appear near 5255 .. Below that a test of 5210 to 5200
and the 5140 to 5125 region is likely .

The Lively Livestock

April Live Cattle

Support should appear near the 7427 to 7412
Nearby Resistance is at 7487 to 7512 , and the 7587 to 7602 region.
BW Traders can sell at 7487 and risk a close over 7602 for three days in a row..

April Hogs
Nearby Support is at 5882 to 5857 and 5807 to 5792 , which should contain a decline..
BW Traders can buy at 5807 and risk a close under 5712 for three days in a row.

Resistance is at 5912 then 5942 to 5957 and the 6022 to 6037 region.. .Beyond that sellers should appear near 6102 to 6112

June Hogs
Nearby Support is at 6577 and the 6512 to 6482 region .. 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 the 6657 to 6672 , beyond sellers should appear near 6742 to 6757

March Pork Bellies
Recommended Open BW Position Short at 7770
Nearby Support should appear at 7762 , a slip under augurs for a test of 7687 to 7672 under that buyers should appear near 7602 to 7587 and the 7512 to 7487 region…
Nearby Resistance is at 7832 to 7867... Beyond that 7937 to 7952 and the 8027 to 8042 should Cap a rally for bit. BW Traders can sell at 8022 and hold for lower prices.

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande' Grains

May Soybeans
Recommended Open BW Position ,long at 438 1/2
Resistance is at to 442 1/2 to 444 3/4 and 450 1/2 to 451 1/2, a close over is friendly and augurs for a test of 457 to 458 1/4
Nearby Support should appear at 438 1/4 to 437 and the 431 ½ to 430 ½ region.. .. BW Traders should go long if a close over 451 ½ occurs

July Soybeans
Resistance is at to 450 ½ to 451 ½ ,

Support should appear at 442 ½ and 438 ¼ to 437
BW Traders should go long if a close over 451 ½ occurs

May Soybean Meal
Support should appear near 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. Under that support should appear near 142.1 to 141.5

Resistance is at 149.6 and the 152.9 to 153.5 region.

Traders should go long if a close over 151.2 occurs.

May Soybean Oil
Support is near 1576 to 1569 and 1535 to 1529 .
Resistance should appear near the 1609 to 1615 region.

May Corn
Resistance should appear near 212 ¾ to 213 ½ .a close over augurs for a test of 217 to 218 ½
Support is at 208 .. Failure there is negative and augurs for a test of 204 3/4 to 204.
BW Traders should go long if a close over 213 ½ occurs.

May Wheat
Recommended Open BW Position Long at 285
Nearby Support should appear near 282 ¾ to 282 and 279 1/4.. Below that buyers should appear near the 277 1/2 to 275 3/4 region. Under that 272 1/2 to 271 3/4 should contain a decline...

Resistance is at the 287 1/2 to 288 1/4 region..
BW Traders should go long if a close over 288 1/2 occurs..

The Satisfying Softs

May Cocoa
Recommended Open BW Position Long at 1421
Resistance is at 1459 , a close over is friendly and augurs for a test 1484 to 1496, beyond that resistance is at 1529 to 1535

Support should appear near the 1421 to 1415 region. Below that support is at 1383 to 1377.
BW .Traders can buy at 1386 and risk a close under 1333 for three days in a row..

May Coffee
Recommended Open BW Position , long at 4850
Support is near the 4785 to 4775 region. Under that buyers should appear near 4715 to 4695 and the 4650 to 4635 region.
Resistance should appear near 4845 to 4855 and 4915 to 4930

BW Traders should go long if a close over 4995 occurs.

May Sugar
Support should appear near 558 and the 539 to 534 region. Below that 515 to 507 should hold.
BW Traders can buy at 516 for a bounce and risk a close under 467 for three days in a row.

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 Cotton
Nearby Support should appear near 3445 to 3425 and 3390 to 3375 .
Resistance is at the 3555 to 3565 and 3615 to 3625

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 February 25th 2002
4:10 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.