FuturesCom
Investment Publications
Morning Comments Wed January 21st 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 20th, 2004
1:00 PM Eastern time
The Frenzied Forex Front
March Yen
Support
should appear near 9316 and 9156 to 9140
Resistance should appear near 9347 and 9429 to 9445
March Euro Currency (EC)
Support
should appear at 12530 and the 12380 to 1.2320 region
Resistance is at 12680 to 12740
March Swiss
Franc
Recommended open position short at 7892
Resistance
should appear near 8029 to 8044 and
8119 to 8134
Support should appear near 7954 to 7939
March British Pound
Support should appear near 1.8080 and
179 42
Resistance should appear 1.8220 and
1.8356.
March Canadian Dollar
Recommended open position short at 7675
Support should appear near 7689
to 7675
Resistance is at 7763 to 7777.
March Aussie Dollar
Support should appear near 7601 to 7587 .
Resistance should appear at 7675 to 7689
The
Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should appear
near 10580 to 10630 and 10680
Support should appear near 10470 and 10360 to 10320
March SP500
Recommended Open Position Long at 4 at 1135.30 avg
Resistance
should appear near 1150.00 then 1164.00 to 1166.50 and 1169.00 .
Support should appear near 1136 to 1134 and 1130 .. below that buyers
should appear near 1115.50 , which should hold... below that support is 1101 to
1096 .BW Traders can buy at 1101.30 for a bounce and risk a close under 1094.7 for
three days in a row.
Nasdaq Composite
Resistance should appear near
2170 to 2185.
Support should appear near 2134 to 2126 and 2089 to 2080.
March Mini Nasdaq 100
Recommended open position long at 1545.5
Resistance is at 1569 to 1576
Support is at 1535 to 1529
March 10 Year T-Note
Resistance should
appear near 114-22 and 115-07
Support is at 113-22 and 113-07
Precious
Metals
February Gold
Support
should appear at 412 to 411 and 405.6 to 404.6
Resistance is at 416.3 to 418.0
March Copper
Support should appear near 11010
to 10960 and 1.0840.
Resistance should appear near 11300
to 11360 and the 11640 to 11690 region
BW Traders should go long if a close over 11185 occurs.
March Silver
Support
should appear near 627 to 625.5 and 619 to 616.5
Resistance is at 633.5 to 637 and
641.5 to 643
The
Exciting Energies
March
Crude Oil
Support should appear near
3442 to 3425 and 3386 to 3377
Resistance is at 3493 to 3503 and the 3553 to 3563 region.. which
should cap a rally for a while
March Unleaded
Gas
Resistance should appear
near
1.0320 to 1.0360 and 10580 to 10680.Beyond that sellers should appear near
10960 to 11010. BW Traders can sell at 10960 for a turn lower and risk a close over 11205 for
three days in a row,
Support should appear near the
9935 to 9920 and 9740 to 9705 . below that buyers should appear near 9345 to
9315
March Heating Oil
Resistance should appear near 10020 to 10040 . Beyond that sellers should appear near 10320 to 10360
and the 10960 to 11010 region. Well Heeled BW Traders can sell at 10320
for the pull and risk a close over 10710 for three days in a row.
Support should appear near 9840 to 9820
and 9740 to 9705
The
Lively Livestock
April Cattle
Recommended open position short 2 at 7562 avg
Support should appear near 7687 to 7672
Resistance is at 7762 to 7777
April Hogs
Recommended open position short 2 at 5535 avg
Support is at 5792 then 5732 to 5717 and
5652 to 5637
Resistance is at 5852
to 5882 and the 5942 to 5957 region.
BW Traders can sell at 5852 and risk a close over 5962 for three days in a
row….
February Pork Bellies
Support
should appear near 8222 to 8192 and 8137 to 8117
Resistance is at 8302 to 8317
then 8392 to 8407
and 8487 to 8502 .
Traders should stay tuned for Updates
…The
Grande’ Grains
March Soybeans
Resistance
is at 830 1/4 to 831 1/2 amd 839 1/4 to 840 3/4
Support should appear at 822 1/4 to 819 1/2
and 804 1/2 to 802 3/4
March
Soymeal
Support should appear near 256.8 to 255.2 and 246.9 to 246.1
Resistance should appear near 261.2 to 262 and 266.3 to 267.2
March Soybean Oil
Resistance should appear near 2972
to 2990 and 3036 to 3045.
Support should appear near 2937 to 2928
March Corn
Resistance should appear near 277 1/2 and 282 to 282 3/4
Support is at 271 3/4 and 267
1/4 to 266 1/4
March CBOT Wheat
Support should
appear near 392 3/4 to 390 3/4 and 380 3/4 to 379 1/2
Resistance should appear near 404 3/4 to 405
3/4 and 416 1/4 to 418 1/4
Trade Accordingly and Stay tuned for updates
The
Satisfying Softs
March the ‘Monster’ Coffee
Recommended open position long 6955
Support is near 7430 to 7415 and 7170 to 7140
Resistance should appear near 7585 to 7605, beyond that a test of 7760 to
7780 is likely.
March Cocoa
Recommended open position short at 1605
Support is at 1576 to 1569 and the 1535 to 1529 region..
Resistance should appear near 1609 to 1612 and 1642 to 1655
March Sugar
Recommended open position short at 580
Support should appear near 562 to 558
Resistance should appear near 582 to 586 and 601 to 609 .
March
Cotton
Recommended open position long 7525
Support should appear near 7515 to 7485 and 7430 to 7415
Resistance should appear near 7585 to 7605
and the 7765 to 7780 region
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 20th
, 2004
3:25 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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