FuturesCom
Investment Publications
Morning Comments Wed January 7th 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
Tuesday January 6th, 2004
2:30
PM Eastern time
The Frenzied Forex Front
March Yen
Recommended open position short 9417
Support should appear near 9429 and 9347 to 9316
Resistance should appear near the 9526 to 9543 region.
March Euro Currency (EC)
Recommended open position short 12720
Support
should appear at 12680 and 1.2530 .
Resistance is at 1.3040 to 1.3100
March Swiss
Franc
Recommended open position short at 8117
Resistance should appear near 8194
to 8223
Support should appear
near 8134 to 8119
March
British Pound
Support should appear near 18080 and .1.7800 to 1.7740
Resistance should appear 1.8220 and
18580 to 18650
March Canadian Dollar
Support should appear near 7762 and 7689 to 7675
Resistance is at the 7836 to 7864
region. BW Traders can sell at
7833 and risk a close over
7957 for three days in a row.
March Aussie Dollar
Recommended open position short at 7582
Support should appear near 7601
to 7587
Resistance should appear near 7675 to
7689
The
Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should appear
near10580 to 10630 and
10680
Support should appear near 10470 and 10360 to 10320
March SP500
Recommended Open Position Long 2 at 1117.90 avg
Resistance
should appear near the 1130.00 to 1136.00 region.
Support should appear near 1115.50 and the 1101 to 1096 region
Nasdaq Composite
Resistance should appear
near 2080 to 2089 and 2126 to 2134
Support should appear near 2042 to 2034 and the 1996 to 1982 region
March Mini
Nasdaq 100
Resistance is at 1529 to 1535
Support is at 1496 to 1484
March 10 Year T-Note
Resistance should
appear near 112-22 and 113-07
Support
is
at 111-23 and 111-07.
Precious
Metals
February Gold
Support should appear at 418.3 to 416.3 and
412.0 to 411.0
Resistance is at 423.8 to 424.9 and 430.4
to 431.5
March Copper
Support should appear near 10680 and 10630 and 10580
Resistance should appear near 10820 and 10960 to 11010
March Silver
Support should appear 627 to 625.5 and 619 to 616.5
Resistance is at 641.5 to 643 and 657 to 659
--Stay tuned for updates--
The
Exciting Energies
February
Crude Oil
Support should appear near
3328 to 3319 and 3213 to 3194
Resistance is at 3425 to 3443 and 3493 to 3503
February Unleaded
Gas
Resistance should appear near 9705
to 9735 and 9820 to 9835
Support should appear near 9640 to 9625 and 9345 to 9315
February
Heating Oil
Resistance should appear
near 9820 to 9835 and 10105 to 10135
Support should appear near 9545 to 9525 and 9445 to 9430
The
Lively Livestock
February
Live Cattle
Support should appear near 7342 to 7327 and 7257 to 7242
Resistance is at 7417 to 7427 and 7487 to
7512
April Cattle
Support should appear near 7257 to 7242 and 7172 to 7142
Resistance is at 7327 to 7342 and 7417
February
Lean Hogs
Support is at 5432 to 5417 and 5357 to 5342
Resistance is at 5492 to 5507 and 5552 to
5577
April Hogs
Recommended open position short at 5500
Support is at 5732 to 5717 and
5652 to 5637
Resistance is at 5792 to 5807 and the 5852 to 5882 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 8502 to 8482 and the 8407 to 8392 region
Resistance is at
8667 to 8682 and 8762 to 8777
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 786 1/2 to
783 3/4 and 777 3/4 to 776 1/4
March Soymeal
Support should appear near 241.9 to 241.1 and 237.0 to
235 .4
Resistance should appear near 246.1 to 246.9 and 251.1 to 251.9
March Soybean Oil
Resistance should appear near 2874 to 2883.
Support should appear near 2829 to 2820
March Corn
Resistance should appear near 255 1/4 to 256 3/4
Support is at 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 392 3/4 to 390 3/4 and 386 3/4 to 385 3/4
Resistance should appear near 398 1/4
to 399 1/4 and 404 3/4
to 405 3/4
The
Satisfying Softs
March the ‘Monster’ Coffee
Support
is near 6920 to 6905 and 6755 to 6740
Resistance should appear near 7140 to 7170 and the 7325 to 7345 region.
March Cocoa
Support is at 1535 to 1529 and 1496 to 1494
Resistance should appear near 1569 to
1576 and 1642 to 1655
March Sugar
Recommended open position short 580
Support should appear near 562 to 588 and the 538 to 534 region.
Resistance should appear near 586 and 601 to 609
March
Cotton
Support should
appear near 7515 to 7485 and 7430 to 7415
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
Tuesday January 6th, 2004
3 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.
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