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, Thursday February 13th, 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

Wed, February 12th , 2003
6:00 PM eastern standard time

The ‘Frenzied’ Forex Front

March Yen
Support should appear near the 8223 to 8194 region.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 10680 and the 10630 to 10580 region , which should contain a decline for a bit
Resistance is at 10715 and 10750

March Swiss Franc
Resistance should appear near 7328 to 7342
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 5855. Under that buyers should appear near 5805 to 5791.
Resistance is at 5880 and 5912.
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 7763 to 7777 and the 7836 to 7864 region. .
Support should appear near the 7689 to7675 region. Below that buyers should step in near 7601 to 7587 and contain a decline for a bit.

March SP500
Resistance is at 819.4 to 822.3 and 830.00 to 831.4 and 839.1 to 840.60
Support should appear near 813.40 to 811.90 and the 804.40 to 802.90 region

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

Nasdaq Composite
Resistance is at 1289 and 1304 to 1310
Support should appear near 1274 to 1268

March Mini Nasdaq 100
Resistance is at 962.50 to 964.00 and 970.50 to 973.50 . Beyond that sellers should appear near 982.50 to 984.00 and should Cap a rally..

Support is at 954.50 to 952.50 and the 944.50 to 943.00 region .

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

The Precious Metals

April Gold
Recommended Open BW Position Long at 368.3
Support should appear 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 355.3 to 356.3

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 450.5 and 444.5 to 442.5
Resistance is at 451.5 and 257.0 to 458.5

The Exciting Energies

May Crude Oil
Support should appear near 3320 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 10360 to 10320 and 10180 .
Resistance is at 10470 then10580 to 10630 and 10680.

March Heating Oil
Resistance is at 10320 to 10360 then 10470 and 10580 to 10630
Support should appear near 10185 to 10155.

March Natural Gas
Resistance is at 5855 to 5880 and 6.023 to 6.035
Support is at 5.805 to 5.792 and .5653 to 5.640

The Lively Livestock

April Live Cattle
Resistance should appear near 7672 to 7687 and 7762 to 7777
Support is 7602 to 7587 and 7512

April Lean Hogs
Support is at 5212 to 5197 and 5142 to 5127
Resistance is at the 5257 to 5282 and 5342 to 5357 .

June Lean Hogs
Recommended Open BW Position Long at 6247
Support is at 6102 and the 6037 to 6022 region.
BW Traders should buy at 6042 for the pull.. below that 5957 to 5942 should hold..
Resistance is at 6162 to 6192

March Pork Bellies
Recommended Open BW Position Long 2 at 8427 avg
Support should appear at 8317 to 8297 and 8227 to 8192
Resistance is at the 8392 to 8407 and 8482 to 8497

- Stay tuned for Livestock and Belly Updates -

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

March Soymeal
Support should appear near 173.8 to 173.1 .
Resistance is at 177.4 to 178.0

March Soybean Oil
Recommended Open BW Position Long at 1996
Resistance should appear near 1972 to 1996
Support should appear near 1953 to 1946

March Corn
Resistance should appear near 241 1/4 to 242
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 321 1/4 to 319 1/2
Resistance is at 326 1/4 to 327 .

The Satisfying Softs

May the ‘ Monster’ Coffee
Recommended Open BW Position Long at 6975
Support is near 6755 to 6740 and 6675 to 6655. BW Traders can buy at 6680 and risk a close under 6655 for three days in a row. Under that buyers should appear near 6590 to 6575 and contain a decline..
Resistance should appear near the 6805 to 6835

May Cocoa
Support is at 2275 to 2267 .
Resistance should appear near 2315 to 2322

May Sugar
Recommended Open BW Position Long at 859
Support should appear near 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 847 to 852

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

Wed, February 12th, 2003
7:00 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.