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, Tuesday February 18th, 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

Monday, February 17th , 2003
1:35 PM eastern standard time

The ‘Frenzied’ Forex Front

March Yen
Support should appear near the 8314 to 8300 and the 8223 to 8194 region.
Resistance should appear near 8391 to 8407 and 8445

March Euro Currency (EC)
Recommended Open BW Position Long at 10825
Support should appear near 10715 to 10680 which should contain a decline for a bit. Below that Support is at 10630 to 10580
Resistance is at 10750 and 10785

March Swiss Franc
Recommended Open BW Position Long at 7257
Support should appear near 7291 and 7255 to 7242.. Below that 7170 to 7140 should contain a decline
Resistance should appear near 7328 to 7342

March British Pound
Support should appear near 1.5926 and 1.5760 to 1.5690
Resistance should appear near 1.6008 and 1.6090 to 1.6150.

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 5934
Support is at 5880 to 5855.
Resistance is at 5912 and 5945 to 5957.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 7936 to 7954 and the 8029 to 8044 region. Beyond that sellers should appear near 8119 to 8134 and Cap a rally..
Support should appear near 7864 to 7836 .

March SP500
Resistance is at 848.40 to 849.90 and 856.00 to 858.90
Support should appear near 840.60 to 839.10 and 831.40 to 830.00

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

March Mini Nasdaq 100
Resistance is at 992.00 to 993.50 and 1002.00 to 1003.50, beyond that resistance is at 1010.00 to 1013.50. Above that sellers should appear near 1032.00 to 1036.00 ..

Support is at 983.50 to 982.50 and 974.00 to 970.50 .

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
Support should appear at 344.3 to 342.5 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 349.3 to 350.3 and 355.3 to 356. 3.

March Copper
Support should appear near 7515 to 7485 and 7430 to 7410
Resistance should appear near 7585 to 7605 and the 7675 to 7690 region

March Silver
Recommended Open BW Position Long at 463.5
Support should appear near 451.5 to 450.5 and 444.5 to 442.5
Resistance is at 457.0 to 458.5

The Exciting Energies

May Crude Oil
Support should appear near 3320 to 3319 and the 3270 to 3261 region.
Resistance is at 3377 to 3386 and 3425 to 3443 .

March Unleaded Gas
Support should appear near 10180 then 9935 to 9920 and 9835 to 9820
Resistance is at 10320 to 10360 and 10470.

March Heating Oil
Resistance is at 10630 to 10680 and 10820
Support should appear near 10580 then 10470 and the 10360 to 10320 region..

March Natural Gas
Resistance is at 5855 to 5880 then 5.945 to 5.957 and 6.023 to 6.035
Support is at 5.805 to 5.792 then 5.729 to 5.716 and 5.653 to 5.640

The Lively Livestock

April Live Cattle
Resistance should appear near 7672 to 7687
Support should appear near 7602 to 7587 and 7537

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

June Lean Hogs
Recommended Open BW Position Long at 6247
Support is at 6117 to 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 6167 to 6192 and 6257 to 6272

March Pork Bellies
Recommended Open BW Position Long 2 at 8427 avg
Support should appear at 8482 and 8407 to 8392
Resistance is at the 8557 to 8597, beyond that a test of 8667 to 8682 is likely.

- Stay tuned for Livestock and Belly Updates -

The Grande’ Grains
March Soybeans
Recommended Open BW Position Long at 572
Resistance is at 579 1/4 to 580 1/2
Support should appear near 571 1/2 and the 565 1/4 to 564 region ..

March Soymeal
Support should appear near 173.8 to 173.1 .
Resistance is at 177.4 to 178.0 and the 180.8 to 182.2 region

March Soybean Oil
Recommended Open BW Position Long at 1996
Resistance should appear near 2034 to 2046
Support should appear near 1996 to 1988

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 332 3/4 to 331 3/4 and the 327 to 326 1/4 region
Resistance is at 337 3/4 to 338 3/4 and 342 1/2 to 344 1/4

The Satisfying Softs

May the ‘ Monster’ Coffee
Recommended Open BW Position Long 2 at 6825 avg
Support is near 6430 to 6415 and 6350 to 6335.
Resistance should appear near the 6575 to 6590 and 6655 to 6670

May Cocoa
Support is at 2322 to 2315 and 2275 to 2267 .
Resistance should appear near 2354 to 2370 and the 2411 to 2419 , beyond that test of 2461 to 2469 is likely. BW Traders should go long if a close over 2374 occurs

May Sugar
Recommended Open BW Position Long 2 at 843 avg
Support should appear near 847 and 823 to 814 .
Resistance should appear near 852 and the 877 to 882 region.

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 5790 to 5805.

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
Monday, February 17th, 2003
2:40 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.