Precious Metals - Energy - Livestock - Grains - Softs
FuturesCom
Investment Publications
Morning Comments, Thursday March
7th, 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
Wed March
6th , 2002
8:00 PM Eastern Standard Time
The Frenzied Forex Front
March Yen
Support should appear near 7601 and 7587.. Day
traders can buy at 7601 and hold for higher prices
Resistance
should appear
near 7675 to 7687.Beyond
that, resistance should appear near 7763 to 7777 and the 7835 to 7865
region.. BW Traders can sell at 7762 and risk a close over 7865 for three
days in a row..
Support
should appear at 8723 and 8683 to 8668 and 8628 under that 8589 to 8560 should hold..
Day Traders can buy at 8726 and hold for higher prices...
Resistance is at the 8762 to 8777region.. Aggressive BW should go long if a close over
8777 occurs.. Beyond that a test of 8818 and the 8856 to 8871 region is
likely.
Resistance
should appear near 5945 to 5957. Beyond that a test of 6023 to 6035 is likely..
Day Traders can sell at 6022 and hold for lower prices..
Support
should appear near 5912 then 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..
Support should appear near 1.4210 to 1.4180 and 1.4150
Resistance is at 1.4272 and
1.4336..
March Canadian
Dollar
Support should appear
near 6305 and 6271 to 6256 and 6225.
Nearby Resistance is at the 6337 to 6350
region. .
March Aussie Dollar
Resistance should appear near 5259 to 5282..
Dow Jones
Industrial Average
Resistance should appear near 10580, Beyond that
sellers should appear near 10,630 to 10,680..
Support should appear at 10,470 and 10,425
The Dow is like the downhill skier racing and making time.. 10,580 to 10,680 is
the tree....
March SP500
Resistance should appear near
1164 to 1169 and 1180.50.. Day Traders can sell at 1166.40 and hold for lower prices..
Support should appear at 1157 and
1150 and should hold ..Day Traders can buy at 1150.10 and hold for higher
prices..
Stay Tuned for BW Updates and additional trades during the trading
sessions..
Nasdaq
Composite
Resistance is at 1902 to
1909
Support
is at 1883 and 1865 to 1858, under that a slip towards and 1840 and the 1822 to 1808
is likely.
March Mini
Nasdaq 100
Resistance is at 1529 to 1535 and 1552
Trade Accordingly and Stay
tuned….
June 10 Year
T-Note
Resistance should appear near 104-27 and 105-12.
Support is at 104-12 and 104-07..
Precious
Metals
April
Gold
Recommended
open Position Long
Support
should appear at 292.8 and 288.3 to 287.4
Resistance is at 295.4 and 297.2
to 299
May
Copper
Support should
appear near 7430 to 7415 and 7355 to 7340 ..
Resistance should appear near o
7515 and 7585 to 7605
May
Silver
Support should appear near 451.5 to 450 and
444.5 to 442.5
Resistance is at 457 to 458.5 and 463.5 to 465.0
Stay tuned for
Updates
April Crude Oil
Support
should appear near 2322 to
2315 and 2275 to
2267.
Resistance is at 2354 to 2370,
beyond that sellers should appear near 2411 to 2419
and
the 2461 to 2469 region..BW Traders can sell at 2459 and hold for lower
prices.
April Unleaded
Gas
Support should appear near 7515 to 7485 and 7430 to 7415.
Resistance is at 7675 to 7690 and the
7765 to 7780 region..
April
Heating Oil
Resistance is at 6165 to 6190, beyond that a test of 6255 to 6270 is
likely
Support should appear near 6035 to 6025
and 5955 to 5945
April Natural Gas
Resistance is at 2.663 to 2.672
Support should appear near 2.568 to
2.552
April Live
Cattle
Support
should
appear near 7512
to 7487 and 7452
Resistance
is
at 7587
to 7602.
April Hogs
Recommended Open BW Position Long at 5807
Support is at 5792 and the
5732 to 5717.region.
Resistance is at 5852 to
5882 and 5912
Support is at 6592 to 6577
Resistance is
at 6657
to 6672
May Pork
Bellies
Support should
appear at the 8137 to 8117
and the 8047 to 8027 region..
-Stay tuned for Livestock and Belly Updates and Flashes-
May Soybeans
Resistance is at 457 to 458 1/4
and 463 3/4
Nearby Support should appear at 451 1/2 to 450 1/4 under that
444 3/4 to 442 1/2 should hold.
July Soybeans
Resistance is at 463 3/4 to 465 and 469 1/2
to 471 1/2
Support should appear at 458 1/4 to 457 and 451 1/2 to 450 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 1615 to 1609 and 1596 under that support is at 1576 to 1569
Resistance should appear near 1642 to 1655.
May Corn
Resistance
should
appear near 210 1/2 and 212 3/4 to 213 1/2
Support is
at 208 and 206 3/4.
BW Traders
should go long if a close over 213 1/2 occurs..
Support should
appear near 279 1/2 and 277 1/2 to 275 3/4 .
Resistance is at 282 to 282
3/4 and 285 1/4
The Satisfying Softs
May
Cocoa
Resistance
is at 1496
and
1529
to 1535
Support should
appear near 1484 then 1472 and 1459 to 1453
May
Coffee
Support is near 4925 to 4915 and 4855 to 4845..
Resistance should appear near 4970
to 4995. A close over 4995 is friendly and augurs for a test of
5125 to 5140 and the 5200 to 5210 region
BW Traders should go long
if a close over 4995 occur
May Sugar
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 3625 to 3615 and 3565 to 3553 then 3505 to 3490
Resistance
is
at 3735 to 3745 and 3855 to 3865
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
Wed,
March 6th, 2002
10:00
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