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, Wed February 5th, 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

"Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable - ranks high. There are certain chances that the most prudent man is justified in taking - chances that he must take if he wishes to be more than a mercantile mollusk--"
--Reminiscences of a Stock operator--

Tuesday, Feb 4th , 2003
2:30 PM eastern standard time

The ‘Frenzied’ Forex Front

March Yen
Support should appear near 8361 and 8314 to 8300
Resistance should appear near 8391 to 8406 and 8445

March Euro Currency (EC)
Support should appear at 10820 and 10785 then 10715 and the 10680 to 10630 region
Resistance is at 10890 and the 10960 to 11010 region

March Swiss Franc
Resistance should appear near 7457 and the 7486 to 7513 region
Support should appear near 7414 then 7378 and the 7342 to 7328 region
BW traders should go long if a close over 7432 occurs.

March British Pound
Support should appear near 1.6420 then 1.6386 and 1.6326
Resistance should appear near 1.6484 to 1.6550.
BW Traders should go long if a close over 1.6558 occurs

March Canadian Dollar
Support should appear near 6577 then 6543 and the 6509 to 6483 region
Resistance is at 6591 and 6659 to 6672
BW Traders should go long if a close over 6677 occurs

March Aussie Dollar
Recommended Open Position , Long at 5883
Support is at 5880 to 5855 and 5805 to 5791.
Resistance is at 5945 to 5957 and the 6023 to 6035 region.
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 8044 then 8119 to 8134 and the 8194 to 8223 region.
Support should appear near 7054 to 7939 and 7864 to 7836

March SP500
Resistance is at 848.40 to 849.90 then 856.00 to 858.90 and the 866.80 to 868.30 region.
Support should appear near 840.60 to 839.10 then 831.40 to 830.00 and the 822.30 to 819.40 region.

Nasdaq Composite
Resistance is at 1304 to 1310 then 1322 and the 1334 to 1346 region.
Support should appear near 1274 to 1268 and the 1238 to 1232 region

March Mini Nasdaq 100
Nearby Resistance is at 970.50 to 97.00 4 then 982.00 to 983.50 and the 992.00 to 994.00 region.
Support is at 954.50 to 952.50 then 944.50 to 943.00 and the 934.50 to 931.50 region

March Ten Year T-Notes
Resistance should appear near 114-23 and 115-07
Support is at 114-07 then 113-23 and 113-16 t.

The Precious Metals

April Gold
Recommended Open Position , Long at 379.9
Support should appear at 374.3 to 373.6 and 368.2 to 366.3.
Resistance is at 380.6 then 385.8 to 386.7 and 390.9 to 392.9

March Copper
Support should appear near 7780 to 7760 and 7690 to 7675
Resistance should appear near 7835 to 7865 and 7945 to 7955

March Silver
Support should appear near 485.5 to 484.5 and 478.5 to 477.5
Resistance is at 492.5 and the 497 to 499.5 region
Aggressive BW Traders should go long if a close over 494.5 occurs

The Exciting Energies

March Crude Oil
Support should appear near 3328 to 3319 then 3270 to 3261 and 3213 to 3194 .
Resistance is at 3377 to 3386 and the 3425 to 3443 region.

March Unleaded Gas
Support should appear near 9945 to 9920 and 9735 to 9705
Resistance is at 1.0320 to 1.0360 and 1.0580 to 1.0630

March Heating Oil
Resistance is at 9705 to 9735 and 9820 to 9835
Support should appear near 9545 to 9525 and 9445 to 9430 ..

March Natural Gas
Support is at 5.729 to 5.715 and 5.653 to 5.640 .
Resistance is at 5.790 to 5.805 and 5.855 to 5.880

The Lively Livestock

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

April Lean Hogs
Recommended Open Position , Short at 5395
Support is at 5357 to 5342. and the 5282 to 5257 region
Resistance is at 5417 to 5432 and the 5492 to 5507 region.

June Lean Hogs
Support is at 6162 then 6117 to 6102 and the 6037 to 6022 region
Resistance is at 6192 then 6257 to 6272 and the 6337 to 6352 region.

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 .

- Stay tuned for Livestock and Belly Updates -

The Grande’ Grains

March Soybeans
Support is at 565 1/4 to 564 and 555 3/4 to 554 3/4
Resistance should appear near 571 3/4 to 573 and 579 1/2 to 580 1/2
BW Traders should go long if a close over 573 3/4 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 2 at 2070 avg
Resistance should appear near the 2126 to 2134 region
Support should appear near 2088 to 2080 and the 2042 to 2034 region.

March Corn
Resistance should appear near 239 and the 241 1/4 to 242 region.
Support is at 237 to 235 1/2 and 232 ¼ to 231 ½

March Wheat
Recommended Open Position , Long at 323 1/2
Support should appear at 321 1/4 to 319 1/2 and 315 3/4 to 314 3/4
Resistance is at 326 1/4 to 327 and the 331 3/4 to 332 3/4 region

The Satisfying Softs

March the ‘ Monster’ Coffee
Recommended Open Position, Long at 6680
Support is near 6480 and the 6430 to 6415 region
Resistance should appear near 6575 to 6590 and 6655 to 6675

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 823 to 814.
Resistance should appear near 847 to 852

March Cotton
Recommended Open Position , Long at 5150
Support should appear near the 5140 to 5125 and 5065 to 5035
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

Tuesday, Feb 4th, 2003
3:30 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.