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, Monday January 27th, 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

Monday, January 27th, 2003
3:00 PM eastern standard time

The ‘Frenzied’ Forex Front

March Yen
Recommended Open Position , Short at 8254
Support should appear near the 8406 to 8391 region, a close under is negative and indicates a test of 8314 to 8300 and eventually the 8223 to 8194 region..

Resistance should appear near 8484 to 8499 and 8560 to 8589..

March Euro Currency (EC)
Recommended Open Position , Long at 10832
Support should appear at 10780 and 10725. …BW Traders can buy at 10729 and hold for higher prices..
Below that buyers should appear near 10680 and the 10630 to 10580 region
Resistance is at 10890 and 10960 to 1.1010.

March Swiss Franc
Resistance should appear near 7414 to 7428 and the 7486 to 7513 region. .
Support should appear near 7342 to 7328 and 7255 to 7242..BW Traders can buy at 7257 for a bounce and hold for higher prices..
Aggressive traders should go long if a close over 7432 occurs.

March British Pound
Recommended Open Position , Long at 1.6284
Support should appear near 1.6284 and 1.6150 to 1.6090
Resistance should appear near the 1.6420 to 1.6550 region.
BW Traders should go long if a close over 1.6558 occurs

March Canadian Dollar
Recommended Open Position , Long at 6544
Support should appear near 6509 to 6483
Resistance is at 6577 to 6591,
BW Traders should go long if a close over 6677 occurs

March Aussie Dollar
Recommended Open Position , Long at 5883
Support is at 5855 and 5830 Under that buyers should appear near 5805 to 5791.
Resistance is at 5880 then 5912 and 5945 to 5957
Aggressive BW Traders should go long if a close over 5961 occurs.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 7991 and 8029 tom 8044, beyond that sellers should appear near the 8119 to 8134
Support should appear near the 7954 to 7939 region. Below that buyers should step in near 7864 to 7836 and contain a decline for a bit..

March SP500
Resistance is at 848.40 to 849.90 and the 856.00 to 858.90 region. Beyond that sellers should appear near
866.80 to 868.30

Support should appear near the 840.60 to 839.10 region. Below that buyers should appear near 831.40 to 830.00 which should contain a decline for a bit..

Nasdaq Composite
Resistance is at 1334 to 1346 then 1361.5 and 1377 to 1383
Support should appear near the 1310 to 1304 region. Below that a test of 1274 to 1268 is likely..

March Mini Nasdaq 100
Resistance is at 992.00 to 994.00 and 1000.00 to 1005.00 and 1018.5
Support is at 983.50 to 982.00. Below that buyers should appear near 974.00 to 970.50, which should contain a decline.

March Ten Year T-Notes
Resistance should appear near the 114-23. Beyond that a test of 115-07 and 115-23 is likely to occur.. Support is at 114-07 and 113-23 . A close under is negative and augurs for a test of 113-07 and 112-23 ,
which should contain a decline for a bit.

The Precious Metals

April Gold
Support should appear at 368.2 to 366.3 and the 362.3 to 361.3 region..
BW Traders can buy at 368.3 and hold for higher prices ..initially plan on risking
a close under 360.9 for three days in a row..

Resistance is at 373.6 to 374.3 and the 379.5 to 380.6 region
BW Traders should go long if a close over 374.7 occurs

March Copper
Recommended Open Position , short at 7600
Support should appear near 7585 and 7430 to 7415
Resistance should appear near 7675 to 7690 and 7760 to 7775

March Silver
Recommended Open Position , Long at 581.5
Support should appear near 478.5 to 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 3213 to 3194 . Below that Support is at 3157 to 3148 and the 2102 to 3094 region. Which should contain a decline.
Resistance is at 3261 to 3270 the 3319 to 3328 region..

March Unleaded Gas
Support should appear near 9060 to 9045 and 8870 to 8855 .. Below that buyers should appear near the 8685 to 8665 region .
Resistance is at 9140 to 9155 and 9315 to 9345,

March Heating Oil
Resistance is at 8935 to 8965 and 9045 to 9060.
Support should appear near 8870 to 8855 and 8780 to 8765 region

March Natural Gas
Support is at 5210 to 5200 and 5139 to 5127 ..
Resistance is at 5344 to 5.356 and 5418 to 5430

The Lively Livestock

April Live Cattle
Resistance should appear near 7837 to 7867 , beyond that sellers should appear near the 7937 to 7957.
region and cap the rally for a while..
Support is at 7777 to 7762 and 7687 to 7675 which should hold..

April Lean Hogs
Support is at 5507 to 5492 which should hold for a bit .. below that buyers should appear near 5432 to 5417 and the 5357 to 5342 region.

Resistance is at 5552 to 5577 and 5637 to 5652..
BW Traders should go short if a close under 5487 occurs.

June Lean Hogs
Recommended Open BW Position Long 2 at 6320
Support is at 6192 to 6167 and the 6117 to 6102 region.
Resistance is at 6257 to 6272

March Pork Bellies
Recommended Open BW Position Long 7845
Support should appear at 7937 and 7867 to 7837 .

Resistance is at 7957 and 8027 to 8042
BW Traders should go long if a close over 7962 occurs.

- Stay tuned for Livestock and Belly Updates -

The Grande’ Grains

March Soybeans
Resistance is at 571 ¾ to 573 and 579 ½ to 580 ½
Support should appear near 565 ¼ to 564 and 555 ¾ to 554 ¾ .. BW Traders can buy at 556 ½ and hold for higher prices.
BW Traders should go long if a close over 573 ¾ occurs.

March Soymeal
Nearby Support should appear near 168.6 Below that buyers should appear near 165.5 to 164.2 and the 161.50 to 160.90 region. BW Traders can buy at 165.7 and risk a close under 163.9 for three days in a row..
Resistance is at 169.6. A close over augurs for a test of 173.1 to 173.8..
BW Traders should go long if a close over 169.8 occurs.

March Soybean Oil
Resistance should appear near 2080 to 2088
Support should appear near 2042 to 2034 and the 1996 to 1982 region. BW Traders can buy at 2043 and hold for higher prices…
BW Traders should go long if a close over 2092 occurs.

March Corn
Resistance should appear near 235 ½ to 237
Support is at the 232 ¼ to 231 ½

March Wheat
Recommended Open Position , Long at 316 1/2
Support should appear at 310 1/4 to 309 1/2 and 304 1/2 to 303 3/4 .
Resistance is at 314 3/4 to 315 3/4

The Satisfying Softs

March the ‘ Monster’ Coffee
Recommended Open Position, Long 2 at 6745 avg
Support is near 6510 to 6485 and 6430 to 6415
Resistance should appear near 6575 to 6590 and 6655 to 6670.
BW Traders should go long if a close over 6845 occurs

March Cocoa
Recommended Open Position, Long at 2229
Support is at the 2226 to 2219 and 2185 to 2170t
Resistance should appear near 2267 to 2275 and 2315 2322

March Sugar
Recommended Open Position , Long 2 at 813 avg
Support should appear near 823 to 814 and 791 to 795 .
Resistance should appear near 847 to 852 and the 877 to 882 region.

March Cotton
Recommended Open Position , Long at 5070
Support should appear near the 4995 to 4975 and the 4930 to 4915 region, which should hold..
Resistance is at 5065 and 5125 to 5140 , a close over augurs for a test of 5200 to 5215
BW Traders should go long if a close over 5145 occurs..

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

Happy Trading!
Bill
wil@futurescom.com

Monday, January 27, 2003

4:15 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.