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 12th, 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

Tuesday, February 11th , 2003
3:45 PM eastern standard time

The ‘Frenzied’ Forex Front

March Yen
Recommended Open BW Position Long at 8227
Support should appear near the 8223 to 8194 region..BW Traders can buy at 8227 and risk a close under 8159 for three days in a row. Below that buyers should appear near 8134 to 8119 and contain a decline
Resistance should appear near 8300 to 8314

March Euro Currency (EC)
Recommended Open BW Position Long at 10729
Support should appear near 10715 then 10680 and the 10630 to 10580 region , which should contain a decline for a bit
Resistance is at 10750 then 10785 and 10820
Aggressive Traders should go long if a close over 1.0824 occurs..

March Swiss Franc
Resistance should appear near 7328 to 7342 and 7378
Support should appear near 7255 to 7242..BW Traders can buy at 7257 for a bounce and hold for higher prices.

March British Pound
Support should appear near 1.6120 to 1.6090 below that buyers should appear near 1.5926
Resistance should appear near 1.6282 and the 1.6420 to 1.6550 region.
BW Traders should go long if a close over 1.6292 occurs

March Canadian Dollar
Support should appear near 6509 to 6483.
Resistance is at 6577 to 6591

March Aussie Dollar
Recommended Open BW Position Long at 5883
Support is at 5880 to 5855. Under that buyers should appear near 5805 to 5791.
Resistance is at 5912 and the 5945 to 5957 region.
Aggressive BW Traders should go long if a close over 5917 occurs.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 7864 then 7939 to 7954 and the 8029 to 8044 region. Beyond that sellers should appear near the 8119 to 8134 then 8194 to 8223 .
Support should appear near 7836. However an extended trade or close under is negative and augurs for a test of 7777 to 7763 and eventually the 7689 to7675 region. Below that buyers should step in near 7601 to 7587 and contain a decline for a bit. Under that a test of 7513 to 7486 and the 7430 to 7414 region is likely..

March SP500
Resistance is at 831.4 then 839.1 to 840.60 and the 848.40 to 849.90 region.
Support should appear near 822.30 to 819.40 and the 813.40 to 811.90 region..

Traders should Stay tuned for BW SP500 Updates and Index program trades , while day trades can occur at anytime

Nasdaq Composite
Nearby Resistance is at 1304 to 1310 , beyond that sellers should appear near 1334 to 1346
Support should appear near 1289 and 1274 to 1268 .. .

March Mini Nasdaq 100
Resistance is at 973.50 . Beyond that sellers should appear near 982.50 to 984.00 and should Cap a rally..

Support is at 964.00 to 962.50 and 954.50 to 952.50 .

March Ten Year T-Notes
Resistance should appear near the 114-17 and 114-23
Support is at 114-07 then 113-23 and 113-07.

The Precious Metals

April Gold
Recommended Open BW Position Long at 368.3
Support should appear at the 362.3 to 361.3 region.. Under that 356.3 to 355.3 should contain a decline. . Below that support is at 350.3 to 349.3 and the 338.6 to 337.7 region, which should hold..BW Traders who have ice water in their veins can buy at 337.8 and hold for higher prices..
Resistance is at 366.3 to 368.2

March Copper
Support should appear near 7690 to 7675 and the 7605 to 7585 region.

Resistance should appear near 7760 to 7775 and the 7835 to 7865 region.

March Silver
Recommended Open BW Position Long at 463.5
Support should appear near 457 and the 451.5 to 450.5 region.
Resistance is at 463.5 to 465.

The Exciting Energies

May Crude Oil
Support should appear near 3270 to 3261 and 3213 to 3194 .
Resistance is at the 3377 to 3386 region

March Unleaded Gas
Support should appear near 10470 then 10360 to 10320 and 10180 .
Resistance is at 10580 to 10630 and 10680, beyond that a test of 10820 is likely.

March Heating Oil
Resistance is at 10580 to 10630 and 10680
Support should appear near 10470. A slip under is negative and augurs for a test of 10360 to 10320.. Below that buyers should appear near 10185 to 10155.

March Natural Gas
Resistance is at 6.023 to 6.035 and the 6.165 to 6.190 region
Support is at 5.880 then 5.855 and the 5.805 to 5.792 region.

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 a rally for a while..
Support is at 7777 to 7762 and 7687 to 7675
BW Traders should go short if a close under 7672 occurs.

April Lean Hogs
Support is at 5417 and 5357 to 5342 ..
Resistance is at the 5492 to 5507 region Beyond that sellers should appear near 5552 to 5577 ..
BW Traders can sell at 5547 and hold for lower prices..

June Lean Hogs
Recommended Open BW Position Long at 6247
Support is at 6192 to 6162 and the 6117 to 6102 region. .
Resistance is at 6257 to 6272 and the 6337 to 6352 region.

March Pork Bellies
Recommended Open BW Position Long 2 at 8427 avg
Support should appear at 8407 to 8392 and the 8317 to 8297 region.
Resistance is at the 8482 to 8497 and the 8557 to 8587 region , a close over is friendly and augurs for a test of 8667 to 8682 and the 8762 to 8777 region..

- Stay tuned for Livestock and Belly Updates -

The Grande’ Grains
March Soybeans
Recommended Open BW Position Long at 572
Resistance is at 573 and 579 1/2 to 580 1/2 .
Support should appear near 565 1/2 to 564 and the 555 3/4 to 554 3/4 region ..

March Soymeal
Recommended Open BW Position Long at 170.9
Nearby Support should appear near 173.8 to 173.1 and 169.6 to 168.9 .
Resistance is at 177.4 to 178.0

March Soybean Oil
Resistance should appear near 2034 to 2042 , a close over augurs for a test of 2080 to 2088 .
Support should appear near the 1996 to 1982 region. BW Traders can buy at 1998 and hold for higher prices… . BW Traders should go long if a close over 2044 occurs.

March Corn
Resistance should appear near 242 and the 246 ¼ to 247 region
Support is at 239 and the 237 to 235 ½ region ..

March CBOT Wheat
Recommended Open BW Position Long at 2 at 331 avg
Support should appear at 327 to 326 ¼ and 321 1/4 to 319 1/2

Resistance is at the 331 3/4 to 332 3/4 and 337 ¾ to 338 ¾ region..

The Satisfying Softs

May the ‘ Monster’ Coffee
Recommended Open BW Position Long at 6975
Support is near 6905 and 6835 to 6805..
Resistance should appear near the 6990 to 7005 region.. Beyond that sellers should appear near 7140 to 7170 and the 7240 to 7255 region.

May Cocoa
Support is at 2267 .. Below that buyers should appear near 2226 to 2219 and the 2185 to 2170 region. . BW Traders can buy at 2187 and hold for higher prices..
Resistance should appear near 2275 and 2315 to 2322
BW Traders should go long if a close over 2374 occurs

May Sugar
Recommended Open BW Position Long at 859
Support should appear near 847 and 823 to 814 . BW Traders can buy at 827 and risk a close under 788 for three days in a row..
Resistance should appear near 852 and 877 to 882.

May Cotton
Recommended Open BW Position Long at 5710
Support should appear near the 5655 to 5640 and 5575 to 5555
Resistance is at 5715 to 5730 and the 5790 to 5805 region. .

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

Tuesday, February 11th, 2003
4:40 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.