Precious Metals - Energy - Livestock - Grains - Softs
FuturesCom
Investment Publications
Morning Comments, Tuesday March
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
Courage
in a Speculator is merely confidence to act on the decision of his mind
Tuesday March
5th , 2002
1:20 AM Eastern Standard Time
The Frenzied Forex Front
March Yen
recommended open BW Position , long at 7567
Support remain appear near 7513 to 7486 and 7453 Day
traders can buy at 7514 and hold for higher prices
Resistance
should appear
near 7587 to
7601 and eventually the 7675 to 7687.
Support
should appear at 8683 to 8668 and 8628 under that 8589 to 8560 should hold..
Day traders should buy at 8684 and risk 30 pts..
Resistance is at 8722 and 8762 to 8777 Aggressive BW should go long if a close over
8777 occurs..
Resistance
should appear near
5912 and 5945 to 5957.. Day Traders can sell at 5944 and risk 30 pts..
Support
should appear near 5880 to 5855 and
5835, under that 5805 to 5795 should contain a decline
Aggressive BW
Traders should go short
if a close under 5854 occurs..
Recommended Open BW Position , long at 1.4212
Support should appear near 1.4180 to 1.4150 and 1.4072.
Resistance is at 1.4072 and
1.4336..
March Canadian
Dollar
Recommended Open Position long at 6281
Support should appear
near the 6271 to 6256 and 6225.
Nearby Resistance is at 6305
and the 6337 to 6350
region. .
March Aussie Dollar
Resistance should appear near 5211 and 5259 to 5282..
Dow Jones
Industrial Average
Resistance should appear near 10,630 to 10,680 and 10,757.
Nearby Support should appear at 10,580 an extended trade under is
negative and augurs for a test of 10,470 and 10,360
to 10,320
March SP500
Recommended Open BW Position , Short at 1152.30
Resistance should appear near 1157.00
and 1164.00 to 1169.00 beyond that sellers should appear near
1180.50.. Day Traders can sell at 1166.40 and hold for lower prices..
Support should appear at 1150.00 and
1143.00.. Day traders can buy at 1143.10 for a bounce and hold for higher
prices...Under that 1136.00 should contain any decline basis the
close
*Stay Tuned for BW Updates and additional trades during the trading
sessions..
Nasdaq
Composite
Resistance is at 1862 and 1883.5 beyond that a test of 1902 to
1909 is likely
Support
is at 1840 and 1822 to 1808
March Mini
Nasdaq 100
Resistance is at 1496 and 1529 to 1535
Trade Accordingly and Stay
tuned….
June 10 Year
T-Note
Resistance should appear near 105-12 and 105-22.
Support is at 104-27 and 104-23
Precious
Metals
April
Gold
Recommended
open Position Long
Support
should appear at
295.4 and 293.7 to 292.8.
Resistance is at 299
, a close over is friendly and augurs for a test of the 303.6 to 304.5 region
May
Copper
Support should
appear near 7355 to 7340 and 7255 to 7235 ..
Resistance should appear near 7485 to
7515 and 7585 to 7605
May
Silver
Support should appear near 457,5 and 451.5 to 450
Resistance is at 463.5 to 465.0
Stay tuned for
Updates
April Crude Oil
Support
should appear near 2226 to
2219 and 2185 to 2170.
Resistance is at 2267 to 2285
beyond that a test of 2315 to 2322 is likely to occur..
April Unleaded
Gas
Support should appear near 7090 to 7070 and 7005 to 6990 under that buyers
should appear near
6920 to 6905 and contain a decline..
Resistance is at 7145 to 7170, beyond
that a test of the 7240 to 7255 region is likely.
April
Heating Oil
Resistance is at 5945 to 5955 and 6020 to 6045, beyond that 6100 to 6115.should cap
a rally..
Support should appear near 5855 and
5730 to 5715, which should contain a decline for a bit
April Natural Gas
Resistance is at 2.511 to 2.519
Support should appear near 246.9 to
2.461 and 2.419 to 2.411
April Live
Cattle
Recommended Open BW Position Short at 7487
Support
should
appear near the 7427 to 7412
Resistance
is
at 7487
to 7512...
April Hogs
Support is at 5957 to
5942 and 5912..
Resistance is at 6022 to
6037 and 6102 to 6112. BW Traders
can sell at 6102 and risk a close over 6192 for three days in a row..
Support is at the 6672 to 6657 and
6592 to 6577
Resistance is
at the 6742 to 6757 and 6805 to 6835
May Pork
Bellies
Recommended Open BW Position Short 2 at 8400
Support should
appear at the 8227 to
8192 region. A close under 8192 is negative and augurs for
a test of the 8047 to 8027 region..
-Stay tuned for Livestock and Belly Updates and Flashes-
May Soybeans
Recommended Open BW Position , long at 451 1/2
Resistance is at
450 1/2 to 451 1/2 and 457 to 458 1/4
Nearby Support should appear at 448 1/4...
Below that buyers should appear near 444 3/4 to 442 1/2
Day traders can buy at 444 3/4 and risk 4 cents
July Soybeans
Recommended Open BW Position long at 455 1/2
Resistance is at 457 to 458 1/2 and 469 1/2
to 471 1/2
Support should appear at 451 1/2 to 450 1/4 and 449
1/4
May
Soybean Meal
Support
should appear near 152.9
then 151.2 and 149.6 to148.4
Resistance is at 155.2
and the 156.9 to 157.6 region.
May
Soybean Oil
Support is
near 1596 and 1576 to 1569
Resistance should appear near 1609 to 1615
beyond that a test of 1642 to 1655 is likely.
May Corn
Resistance should
appear near 208 3/4 and 210 1/2
Support is
at 206 3/4 and 204 3/4
to 204.
May Wheat
Support should
appear near 277 1/2 to 275 3/4 . Under that 272 1/2 to 271 3/4 should
contain a decline...
Resistance is at the 282 to 282
3/4 region
The Satisfying Softs
May
Cocoa
Resistance
is at 1529 to 1535
Support should
appear near 1484 and 1472..
May
Coffee
Recommended
Open BW Position
, long at 4850
Support is near 4715 to 4695 and 4585 to 4570 and 4515 to 4505
Resistance should appear near 4775 to
4785 and 4845 to 4855
May Sugar
Recommended Open BW position , long at 596
Support should appear near 586 to 582 and 562 to 558.
Resistance should appear near
601 to 609.. Beyond that a trade towards 630 to 634 is likely.
May
Cotton
Support should
appear near 3565 to 3553 and 3505 to 3490
Resistance
is
at the 3615 to 3625, beyond that a test of 3735 to 3745 is likely
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
Tuesday,
March 5th, 2002
2:30
AM
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