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 31st, 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 30th, 2003
3:30 PM eastern standard time

The ‘Frenzied’ Forex Front

March Yen
Support should appear near 8314 to 8300.
Resistance should appear near 8391 to 8406 and 8445..

March Euro Currency (EC)
Recommended Open Position , Long 2 at 10780 avg
Support should appear at 10780 and 10725
Resistance is at 10820 and 10855

March Swiss Franc
Resistance should appear near 7378 and 7414 to 7428 .
Support should appear near 7342 to 7328
BW traders should go long if a close over 7432 occurs.

March British Pound
Support should appear near 1.6420 and 1.6326
Resistance should appear near the 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 8029 to 8045 and 8119 to 8134.
Support should appear near 7864 to 7836 and 7777 to 7763

March SP500
Resistance is at 848.40 to 849.90 then 856.00 to 858.90 and 866.80 to 868.30.
Support should appear near 839.10 then 831.40 to 830.00 and 822.30 to 819.40 .

Nasdaq Composite
Resistance is at 1334 to 1346 and 1377 to 1383
Support should appear near 1310 to 1304 and 1274 to 1268 .

March Mini Nasdaq 100
Nearby Resistance is at 992.00 top 994.00 and 1000.00 to 1005.00
Support is at 983.50 to 982.00 and 974.00 to 970.50

March Ten Year T-Notes
Resistance should appear near 114-07 then 114-23 and 115-07
Support is at 113-23 and 113-16 . 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
Recommended Open Position , Long at 368.3
Support should appear at 368.2 to 366.3 and the 362.3 to 361.3 region..
Resistance is at 373.6 to 374.3 and 379.5 to 380.6
BW Traders should go long if a close over 374.7 occurs

March Copper
Recommended Open Position , short at 7600
Support should appear near 7865 to 7835 and 770 to 7760
Resistance should appear near 7940 to 7955 and 8030 to 8045

March Silver
Recommended Open Position , Long at 481.5
Support should appear near 485.5 to 484.5 and 478.5 to 477.5
Resistance is at 491.5 to 493 and 497.0 to 499.5.
Aggressive BW Traders should go long if a close over 494.5 occurs

The Exciting Energies

March Crude Oil
Support should appear near 3377 and 3328 to 3319 and 3270 to 3261 .
Resistance is at 3425 to 3443 and 3493 to 3503

March Unleaded Gas
Support should appear near 9735 to 9705 and 9545 to 9525 .
Resistance is at 9820 to 9835 then 9920 to 9935 and 1.0000 to 1.0050

March Heating Oil
Resistance is at 9425 to 9445 and 9520 to 9545
Support should appear near 9315 and 9235, below that 9155 to 9140 should hold ..

March Natural Gas
Support is at 5.577 to 5.553 and 5.504 to 5.492.
Resistance is at 5.716 to 5.729 and 5.790 to 5.805

The Lively Livestock

April Live Cattle
Resistance should appear near 8027 to 8047 and 8117 to 8132
Support is at 7957 to 7937 and 7867 to 7837.

April Lean Hogs
Support is at 5652 to 5637 and 5577 to 5552.
Resistance is at 5717 to 5732 and 5792 to 5807.

June Lean Hogs
Support is at 6352 to 6337 and 6272 to 6257
Resistance is at 6417 to 6492 and 6482 to 6512

March Pork Bellies
Recommended Open BW Position Long 8000
Support should appear at 8222 to 8192 then 8137 to 8117 and 8047 to 8027. .
Resistance is at 8297 to 8317 and the 8392 to 8407 region.

- Stay tuned for Livestock and Belly Updates -

The Grande’ Grains

March Soybeans
Support is at 565 1/4 to 564 and 555 ¾ to 554 ¾ BW. Traders can buy at 556 ½ and hold for higher prices. .
Resistance should appear near 571 ¾ to 573 and 579 ½ to 580 ½
BW Traders should go long if a close over 573 ¾ occurs.

March Soymeal
Recommended Open Position , Long at 172.4
Support should appear near 169.6 to 168.9 and 165.5 to 164.2
Resistance is at 173.1 to 173.8 and 177.4 to 178.0

March Soybean Oil
Recommended Open Position , Long at 2043
Resistance should appear near 2034 to 2042
Support should appear near the 1996 to 1982 region.

March Corn
Resistance should appear near 237 and 241 1/4 to 242
Support is at 235 1/2 and 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 315 3/4 and 319 1/2 to 321 1/4.
BW Traders should go long if a close over 321 3/4 occurs.

The Satisfying Softs
March the ‘ Monster’ Coffee
Recommended Open Position, Long at 6680
Support is near 6275 to 6255 and 6190 to 6165
Resistance should appear near 6415 to 6430 and 6480 to 6510 .

March Cocoa
Support is at 2370 to 2354 and 2322 to 2315
Resistance should appear near 2411 to 2419 and 2461 to 2469

March Sugar
Recommended Open Position , Long 838
Support should appear near 852 to 847 and 823 to 814 .
Resistance should appear near 877 to 882 and 907 to 912.

March Cotton
Recommended Open Position , Long at 2 at 5110 avg
Support should appear near the 5125 then 5065 to 5035 and 4995 to 4975..
Resistance is at 5200 to 5215 and 5255 to 5285

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

Happy Trading!
Bill
wil@futurescom.com

Thursday, January 30th, 2003

4:35 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.