FuturesCom Investment Publications Since 1989 Economic and Investment Trend Analysis Since 1979

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

FuturesCom Investment Publications
Morning Comments, Friday January 17th, 2003
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

Thursday January 16th, 2003
3:00 PM eastern standard time

The ‘Frenzied’ Forex Front
March Yen
Recommended Open Position , Short at 8482
Support should appear near the 8499 to 84848 and 8445

Resistance should appear near 8560 to 8589

March Euro Currency (EC)
Recommended Open Position , Long at 10556
Support should appear at 10580 and 10525 and 10470 .
Resistance is at the 10630 to 10680 region. Beyond that a test of 10730 is likely
Aggressive BW Traders should go long if a close over 1.0634 occurs..

March Swiss Franc
Recommended Open Position , Long at 7118
Resistance should appear near and the 7328 to 7342 region. …
Support should appear near 7255 to 7242 and 7208 under that 7170 to 7143 should hold .
BW traders can buy at 7177 for a bounce and hold for higher prices.. Below that 7088 to 7074 should contain a decline Aggressive BW traders should go long if a close over 7347 occurs.

March British Pound
Support should appear near 1.6008 and 1.5926
Resistance should appear near the 1.6090 to 1.6150 region.
BW Traders should go long if a close over1.6170 occurs

March Canadian Dollar
Support should appear near 6483 then 6456 and 6430 to 6417, BW Traders can buy at 6431 and risk a close under 6377 for three days in a row…
Resistance is at 6509 and 6577 to 6591 . Beyond that a test of 6659 to 6673 is likely.
BW Traders should go long if a close over 6516 occurs

March Aussie Dollar
Recommended Open Position , Long at 5842
Support is at 5805 to 5792 and 5729 to 5716…BW Traders can buy at 5737 and risk a close under 5702 for three days in a row .
Resistance is at 5855 to 5880 , a close over is friendly an augurs for a test of 5945 to 5957

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8762 to 8777 and 8856 to 8871 beyond that sellers should appear near 8934 to 8964.
Support should appear near the 8683 to 8668 region. Below that a test of the 8590 to 8560 region is likely.

March SP500
Resistance is at 923.60 then 931.60 to 934.70 and 942.90 to 944.50.
Support should appear near and the 906.00 to 904.40 region. Below that buyers should appear near 887.10 to 885.60 , which should contain a decline

Nasdaq Composite
Nearby Resistance is at 1437 then 1453 to 1459 and 1467
Support should appear near 1421 to 1415 then 1399 and 1383 to 1377

March Mini Nasdaq 100
Resistance is at 1068 then 1082 and 1096 to 1101
Support is at 1058 and 1036 to 1032

March Ten Year T-Notes
Resistance should appear near 113-17 and 113-23
Support is at 113-04 and 112-23

The Precious Metals

Feb Gold
Recommended Open Position , Long 2 at 354.7 avg
Support should appear at 356.3 to 355.3 and 350.3 to 349.3..
Resistance is at 361.3 to 362.3 and the 366.3 to 368.2 region

March Copper
Recommended Open Position , short at 7315
Support should appear near 7605 to 7585 and 7515 to 7485.
Resistance should appear near 7675 to 7690 and the 7760 to 7775 region.

March Silver
Recommended Open Position , Long at 481.5
Support should appear near 477.5 and the 471.5 to 469.5 region.
Resistance is at 484.5 to 485.5 and 491.5 to 493
Aggressive BW Traders should go long if a close over 494.5 occurs

The Exciting Energies

March Crude Oil
Support should appear near 3270 to 3261 then 3213 to 3194 and 3157 to 3148.
Resistance is at 3319 to 3328 and the 3377 to 3386 region. region..

March Unleaded Gas
Support should appear near 9060 to 9045 then 8965 to 8935 and 8875 to 8855.
Resistance is at 9140 to 9155 then 9235 and 9315 to9345 ..

March Heating Oil
Resistance is at 8935 to 8965 and the 9040 to 9060 region. . Beyond that sellers should appear near 9315 to 9345
Support should appear near 8780 to 8760 then 8590 to 8560 and 8495 to 8480

March Natural Gas
Resistance is at 5.640 to 5.653 and 5.716 to 5.729
Support is at 5.577 to 5.553 and 5.430 to 5.418

The Lively Livestock

February Live Cattle
Resistance should appear near the 8027 to 8042 region.
Support is at 7957 to 7932 and the 7867 to 7836 region

February Lean Hogs
Support is at 5142 to 5127 and 5067 to 5037.
Resistance is at 5197 to 5212 and 5257 to 5282

February Pork Bellies
Recommended Open BW Position Long 2 at 8730 avg
Support should appear at 8137 to 8117 and 8047 to 8027
Resistance is at 8192 to 8222 and 8297 to 8317.

- Stay tuned for Livestock and Belly Updates -

The Grande’ Grains

March Soybeans
Resistance is at 549 1/4 to 550 1/2 and 555 1/4 to 557 3/4.
Support should appear near 543 to 541 3/4 and the 535 3/4 to 534 1/2 region.. BW Traders can buy at
535 3/4 and risk a close under 525 1/4 for three days in a row..

March Soymeal
Support should appear near 161.5 to 160.9.. Below that buyers should appear near 157.6 to 156.9
Resistance is at 164.2 to 165.5 and 168.9 to 169.6.
BW Traders should go long if a close over 165.7 occurs.

March Soybean Oil
Resistance should appear near 2042 and 2080 to 2088
Support should appear near the 1996 to 1982 region.

March Corn
Resistance should appear near 231 1/2 to 232 1/4 and 235 1/2 to 237.
Support is at the 227 1/2 to 226 3/4 region.

March Wheat
Support should appear at 310 1/4 to 309 1/2 which should contain the decline.. Under that buyers should appear near 304 1/2 to 303 3/4 |
Resistance is at 314 3/4 to 315 3/4 and 319 1/2 to 321 1/4

The Satisfying Softs

March the ‘ Monster’ Coffee
Recommended Open Position, Long at 6315
Support is near 6510 to 6480 then 6430 to 6415 and 6350 to 6335. Below that buyers should appear near 6270 to 6255 and the 6190 to 6165 region. BW Traders can buy at 6195 and risk a close under 6095 for three days in a row.
Resistance should appear near 6590 and 6655 to 6675 , a close over is friendly and augurs for a test of 6810 to 6835 and eventually the 6990 to 7005 region..
BW Traders should go long if a close over 6680 occurs

March Cocoa
Support is at the 2134 to 21256 and 2088 to 2080
Resistance should appear near the 2170 to 2185 and 2219 to 2226
BW Traders should go long if a close over 2189 occurs.

March Sugar
Recommended Open Position , Long at 761
Support should appear near 751 and 738 to 735
Resistance should appear near 763 to 767 and the 791 o 795 region
Aggressive BW Traders should go long if a close over 779 occurs.

March Cotton
Support should appear near 5140 to 5125 and 5065 to 5035.
BW Traders can buy at 5070 and risk a close under 5030 for three days in a row..

Resistance is at 5200 to 5215 and the 5345 to 5355 region. ..
BW Traders should go long if a close over 5220 occurs..

A Ship in Harbor is Safe.. But that is not what ships are built for –

Happy Trading!
Bill
wil@futurescom.com
1-561-433-2995
Thursday January 16th, 2003
3:45 PM , South Florida Beach Time

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.