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 February 7th, 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

Today marks the end of the 2002 tracking year for FuturesCom's Bi-Weekly Outlook and MC day trading program. Beginning with this weekends Bi-Weekly Outlook our BW program will begin 2003 at the usual $55,000, the MC will start 2003 at the normal $ 50,000. BW Traders should cancel all BW close only recommendations and go home flat over the weekend.

Thursday, Feb 6th , 2003
9:30 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)
Support should appear at 10785 then 10715 and the 10680 to 10630 region
Resistance is at 10820 and 10890, beyond that a test of 10960 to 11010 is likely..

March Swiss Franc
Resistance should appear near 7414 to 7428 and 7457.
Support should appear near the 7378 and 7342 to 7328 region
BW traders should go long if a close over 7432 occurs.

March British Pound
Support should appear near 1.6284 and 1.6150 to 1.6090
Resistance should appear near 16386 and the 1.6420 to 1.6484 region

March Canadian Dollar
Support should appear near 6543 and the 6509 to 6483 region
Resistance is at 6577 to 6591

March Aussie Dollar
Recommended Open Position , Long at 5883
Support is at 5880 to 5855 and 5805 to 5791.
Resistance is at 5912 and 5945 to 5957

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 7939 to 7954 then 8029 to 8044 and 8119 to 8134.
Support should appear near 7864 to 7836 and the 7777 to 7762 region.

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 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 982.00 to 983.50 and the 992.00 to 994.00 region.
Support is at 970.50 then 964.00 to 962.560 and 954.50 to 952.50

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
Support should appear at 368.2 to 366.3 and 362.4 to 361.3
Resistance is at 373.0 to 374.3 and 379.5 to 380.6

March Copper
Support should appear near 7605 to 7585
Resistance should appear near 7665 to 7690 and 7765 to 7780

March Silver
Support should appear near 465.0 to 463.5
Resistance is at 469.5 to 471.5

The Exciting Energies

March Crude Oil
Support should appear near 3386 to 3377 and 3328 to 3319 .
Resistance is at 3443 and 3493 to 3503

March Unleaded Gas
Support should appear near 10180 then 1.0050 to 1.0000 and 9945 to 9920
Resistance is at 1.0320 to 1.0360 and 1.0580 to 1.0630

March Heating Oil
Support is at 10320 then 10155 and 1.0000 to 1.0050
Resistance should appear near 10470 then 10580 to 10630 and 10680 ..

March Natural Gas
Support is at 5.729 to 5.715 and 5.653 to 5.640
Resistance is at 5.855 to 5880 and the 5.945 to 5.957 region.

The Lively Livestock

April Live Cattle
Resistance should appear near 7837 to 7867
Support is at 7762 and 7687 to 7672

April Lean Hogs
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 6117 to 6102 and the 6037 to 6022 region
Resistance is at 6162 to 6197 and 6257 to 6272

March Pork Bellies
Resistance should appear at 8392 to 8407 and the 8487 to 8497 region
Support is at 8317 to 8297 and 8227 to 8192

- Stay tuned for Livestock and Belly Updates -

The Grande’ Grains

March Soybeans
Support is at 555 3/4 to 554 3/4 and 543 to 541 3/4
Resistance should appear near 564 to 565 1/4 and 571 3/4 to 573

March Soymeal
Recommended Open Position , Long at 172.4
Support should appear near 165.5 to 164.2
Resistance is at 168.9 to 169.60

March Soybean Oil
Recommended Open Position , Long at 2096
Resistance should appear near the 2042 and 2080 to 2088
Support should appear near 2034 and 1996 to 1982

March Corn
Resistance should appear near 239.and 241 1/4 to 241 3/4
Support is at 237 to 235 1/2

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

The Satisfying Softs

March the ‘ Monster’ Coffee
Support is near 6510 to 6485 and 6430 to 6415
Resistance should appear near 6575 to 6590 and 6655 to 6670

March Cocoa
Support is at 2275 to 2267 and 2226 to 2219
Resistance should appear near 23154 to 2122 and 2354 to 2370

March Sugar
Support should appear near 882 to 877 and 852 to 848
Resistance should appear near 907 to 912 and 932 to 941

March Cotton
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

Thursday Feb 6th, 2003
10:45 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.