FuturesCom
Investment Publications
Morning Comments Tuesday January 27th, 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
Monday January 26th , 2004
2:00 PM eastern time
The
Frenzied Forex Front
March Yen
Recommended Open position short 9427
Support should appear near 9391 and 9347 to 9316.
Resistance should appear near 9429 to 9445 and the 9526 to 9543
region..
BW Traders should go short if a close under 9389 occurs
March Euro Currency (EC)
Support should appear at 1.2380 to 1.2320.
Resistance is at 12530 and the 12680
to 12740 region.
BW Traders can sell at 12672 and risk a close over 12770 for
three days in a row..
March Swiss Franc
Recommended Open Position Short at 7961
Resistance should appear near 8028
to 8044 and 8119 to 8134
Support should appear near 7954 to 7939 region. Below that a test of 7864 to
7834 is likely
.
March British Pound
Support should appear near 1.7940 and 1.7800 to 1.7740
Resistance should appear 1.8080
to 1.8150 and 1.8220 .
March Canadian Dollar
Support should appear near 7513
to 7487 .
Resistance is at 7587 to 7601 and the
7675 to 7689 region. BW Traders can
sell at 7637 and risk a close over
7739 for three days in a row..
March Aussie Dollar
Recommended open position Short 7724
Support should appear near 7601 to 7587
Resistance should appear at 7675 to 7689 and 7763 to
7777
The
Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should appear
near 10820 and the 10960 to 11010 region.
Support should appear near 10680 to 10630 and 10580
March SP500
Resistance
should appear near the 1164.00 to 1169.00 region.
Support should appear near 1150 and 1136 to 1130
BW Traders should go long if a close over 1143.30
occurs
Nasdaq Composite
Resistance should appear near
2170 to 2185 region.
Support should appear near 2134 to 2126 and 2089 to 2080
March Mini
Nasdaq 100
Resistance is at 1569 to 1576 and 1609 to 1615 .
Support is at 1535 to 1529 and 1496 to 1484
BW Traders should go long if a close over 1539 occurs.
March 10 Year T-Note
Resistance should
appear near 113-22 and 114-07
115-22 and 116-07
Support is at
113-07 below that buyers should appear near 112-22 and provide support.
Precious Metals
April Gold
Support should appear at 405.6
to 404.6, a close under augurs for a test of 399.2 to 398.2
Resistance is at the 411.0 to 412.0 and 416.3 to 418.3, which should
bring out sellers
March
Copper
Support should appear near 1.1010 to
1.0960 and the 1.0680 to 1.0580 region.
.BW Traders can buy at 1.0690 and risk a close under 1.0555 for three days in a
row..
Resistance should appear near 11300
to 11360, a close over is friendly and augurs for a test of
11640 to 11690
.BW Traders should go long if a close over 1.1380
occurs.
March Silver
Support should appear 627 to 625.5 and 619 to 616.5. a close under augurs
for a test of 611.5 to 610.
and the 603.5 to 602.5
BW Traders can buy at 604.5 for a good bounce and
risk a close under 584 for three
days in a row.
Resistance is at 633.5 to 635 and 641.5 to 643
Trade Accordingly
The Exciting Energies
March
Crude Oil
Support should appear near
3443 to 3425 and 3386 to 3377, a close under augurs for a test of 3328 to 3319
and eventually the 3270 to 3261
region .
Resistance is at
3493 to 3504 and 3553 to 3563.
Beyond that sellers should appear near 3613 to 3623
March Unleaded
Gas
Resistance should appear
near 9925 to 9945 and 1.0320 to 1.0360
Support should appear near 9735 to
9705 and the 9345 to 9315 region..
March Heating Oil
Resistance should appear near 9745
then 9820 to 9835 and the 10105 to 10135 region. Beyond that sellers
should appear near 10320
to 10360 and the 10960 to 11010 region. 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 9545 to
9525 and the 9345 to 9315 region.
The Lively Livestock
April Cattle
Support should appear near 7342
to 7327 and 7257
Resistance is at 7417 to 7427 and 7487 to 7512
April Hogs
Support is at 5577 to 5552 …Below that buyers should appear near
5432 to 5417..
Resistance is at 5717 to 5732 ..Beyond that sellers should appear near
the 5792 to 5807 region..
BW Traders should go short if a close under 5632 occurs
February Pork
Bellies
Support should appear near 8227 to 8192 then 8137 to 8117 and the 8047 to
8027..
Resistance is at
8392 to 8407 and the 8487 to 8502 region..BW Traders can sell at
8482 and hold for lower prices..
Aggressive BW Traders should
go short if a close under 8287 occurs.
The Grande’ Grains
March Soybeans
Resistance is at 848 1/2 to 849 3/4 region..
Beyond that resistance should
appear near 856 to 858 3/4 and 866 3/4 to 8681/4
Support should appear at 840 3/4 to 839 1/4 and 831 1/2 to 830
March
Soymeal
Support should appear near 262 to 261.2 and 256.8 to 255.2
Resistance should appear near 271.6 to 272.4 and 282 to 282.9
March Soybean Oil
Resistance should appear near 2990 and the 3036 to 3045 region.
Support should appear near 2937 to 2928
March Corn
Resistance should appear near 282 to 282 3/4 and the 287 1/2 to 288
1/4 region
Support is at 277 1/2 to 275 3/4
and 272 1/2 to 271 3/4
March CBOT Wheat
Support should
appear near 380 3/4 to 379 1/2 and
the 374 1/4 to 373 1/2 region.
Resistance should appear near 386 3/4 to 386 3/4
and 390 3/4 to 392 3/4 .
Trade Accordingly and Stay tuned for updates
The Satisfying Softs
March the ‘Monster’ Coffee
Recommended open position long at 7735
Support is near 7690 to 7675 and 7605 to 7585 .. below that buyers should
appear near 7430 to 7415 and 7345 to 7325 BW Traders can buy at 7355 and hold for higher prices.
Resistance should appear near
7760 to 7780 and 7940 to 7955
March Cocoa
Recommended open position short 1604
Support is at 1576 to 1569
and the 1535 to 1529 region
Resistance should appear near 1609 to 1615 and 1642 to 1655
March Sugar
Support should appear near 562 to 588 and eventually the 538 to 534 region
Resistance should appear near 582 to 586 then 601 to 609 and the
630 to 634 region
BW Traders can sell at 629 and risk a close over to 664
for three days in a row.
March
Cotton
Support should
appear near 7515 to7485 and 7340 to 7320
Resistance should appear near
7585 to 7605 Beyond that resistance should appear near 7675 to 7690
BW Traders should go long if a close over 7615 occurs
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
Monday January 26th
3:40 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.
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