FuturesCom
Investment Publications
Morning Comments Monday January 5th 2004
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
Friday January 2nd, 2004
2:00
PM Eastern time
The Frenzied Forex Front
March Yen
Support should appear near 9347 to 9316 and 9237
Resistance should appear near 9383 then 9429 to 9445 and the 9526 to 9543 region.
BW Traders can sell at 9417 for a turn lower and risk a close over 9547 for
three days in a row.
BW Traders should go short if a close under 9316 occurs
March Euro Currency (EC)
Support should appear at 1.2530 and 1.2380 to 1.2320 ..
Resistance is at the1.2680 to 1.2740 region.BW
Traders can sell at 1.2672 and risk a close
over 1.2770 for three days in
a row.. ..BW Traders should go short if a close under 1.2522 occurs..
March Swiss
Franc
Recommended open position short at 8117
Resistance should appear near 8119 to 8134, which should cap a rally ..
Support should appear
near 8044 to 8029
Aggressive BW Traders should go short if a close under 7988 occurs
March
British Pound
Support should appear near 1.7800 to 1.7740 and 1.7560,
below that a test of 1.7380 to 1.7310 is likely.
Resistance should appear 1.7940, beyond that sellers should appear near 1.8080 to 1.8220
BW Traders should go short if a close under 1.7554 occurs..
March Canadian Dollar
Support should appear near 7675 and
7601 to 7587
Resistance is at the 7762 to 7777
BW Traders should go short if a close under 7671 occurs
March Aussie Dollar
Support should appear near 7513
to 7486 and 7428
to 7414
Resistance should appear near 7587 to 7601
and 7675 to 7689.. BW Traders can sell at 7582 and
risk a close over 7608 for three days in a row.
BW Traders should go short if a close under 7412 occurs.
The
Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should appear
near 10470, a close over augurs for a test of 10580 to 10630 and
10680
where sellers should appear and cap a rally
Support should appear near 10360 to 10320 and 10257
March SP500
Recommended Open Position Long 2 at 1111.8 avg
Resistance
should appear near 1115.50 and the 1130.00 to 1136.00 region.
Support should appear near 1101 to 1096 and 1082a
Nasdaq Composite
Resistance should appear
near 2034 to 2042
Support should appear near 1996 to 1982 and 1953 to 1946
March Mini
Nasdaq 100
Resistance is at 1484 to 1496
Support is at 1459
to 1453
March 10 Year T-Note
Resistance should
appear near 111-22 and 112-07
Support
is
at 111-07 and 110-22..
Precious
Metals
February Gold
Support should appear at 412.0
to 411.0 and 405.6 to 404.6
Resistance is at 416.3 to 418.3.and
423.8 to 424.9
March Copper
Recommended open position , long at 10435
Support should appear near 10360 to 10320 and 10185
Resistance should appear near 10470 then
1.0580 to 10630 and 10680
March Silver
Support should appear 595.5 to 594.5 and 588 to 585.5
Resistance is at 602.5 to 603.5 and 610.5 to 611.5.
--Stay tuned for updates--
The
Exciting Energies
February
Crude Oil
Support should appear near 3213 to 3194.and
3157 to 3148
Resistance is at 3261 to 3270 and 3319 to 3328
February Unleaded
Gas
Resistance should appear near 9705 to
9735 and 9820 to 9835
Support should appear near 9315 then 9155 to 9140 and 8965 to 8935
February
Heating Oil
Resistance should appear
near 9315 to 9345 and 9625 to 9640
Support should appear near 9140 then 9060 to
9045 and 8875 to 8855
The
Lively Livestock
February
Live Cattle
Support should appear near 7342 to 7327 then 7172 to 7142 and 7087 to 7072
Resistance is at 7487 to 7512 and 7587
to 7602
April Cattle
Support should appear near 7142 then 7087 to 7072 and 7002 to 6992
Resistance is at 7242 to 7257 and 7417
to 7432
February
Lean Hogs
Support is at 5507 to 5492 and 5432 to 5417
Resistance is at 5552
to 5577 and 5637 to 5652 , beyond that sellers should appear near 5717 to 5732
April Hogs
Recommended open position short at 5500
Support is at 5432 to 5417 and
5357 to 5342
Resistance is at 5717 to 5732 and the 5792 to 5807 region.. Which
should cap a rally for a bit..
BW Traders can sell at 5852 and risk a close over 5962 for three days in a
row…
February Pork
Bellies
Recommended open position short 2 at 8657 avg
Support should appear near 8667 and 8592 to 8562
Resistance is at
8762 to 8777 .. Beyond that sellers should appear near 8857 to 8872 and the 8937 to 8967 region.
The
Grande’ Grains
March Soybeans
Recommended open position short at 783 1/4
Resistance is at 802 1/2 to 804 1/2
and the 811 3/4 to 813 1/2 region
Support should appear at 795 1/2 to
793 3/4 and 777 3/4 to 775 1/4
March Soymeal
Support should appear near 241.9 to 241.1
Resistance should appear near 251.1 to 251.9
March Soybean Oil
Resistance should appear near 2820 to 2829..
Support should appear near 2775 to 2758
March Corn
Resistance should appear near 255 1/4 to 256 3/4
Support is at 252 to 251 1/4 and 246
3/4 to 246 1/4
March CBOT Wheat
Recommended open position short at 378 3/4
Support should
appear near 399 1/4 to 398 1/4 and 386 3/4 to 385 3/4
Resistance should appear near 411 to 412 and
416 1/2 to 418 1/4
The
Satisfying Softs
March the ‘Monster’ Coffee
Recommended open position long at 6380
Support is near 6430 to 6415 then 6355 to 6335 and 6270 to 6255 and 6190 to 6165.
Below that buyers should appear near 6115 to 6105 and the 6035 to 6020 region
BW Traders can buy at 6120 and hold
for higher prices.. risk a close under 5935 three days in a row.. .
Resistance should appear near 6510 and the
6655 to 6670 region..
March Cocoa
Recommended open position short at 1515
Support is at 1496 to 1478
and the 1453 to 1459 region.
Resistance should appear near 1529 to
1535 and 1569
to 1576
March Sugar
Recommended open position short 580
Support should appear near 562 to 588 and the 538 to 534 region.
Resistance should appear near 582 to 586 and 601 to 609
March
Cotton
Recommended open position long at
7395
Support should appear near 7430 to 7415 and 7350 to 7335
Resistance should appear near 7585 to 7605 and 7675 to 7690
A Ship in Harbor is Safe.. But that is not what ships
are built for –
Happy
Trading!
Bill wil@futurescom.com
1-866-409-3890
Friday January 2nd 2004
3 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.
-----------------------------------------------------------------------------------------
FuturesCom Investment Publications Copyright@1996-2003 all rights reserved