FuturesCom
Investment Publications
Morning Comments Wed January 28th, 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 27th , 2004
1:10 PM eastern time
The
Frenzied Forex Front
March Yen
Recommended Open position short 9427
Support should appear near 9445 to 9429.
Resistance should appear near 9526 to 9543 region
BW Traders should go short if a close under 9389 occurs
March Euro Currency (EC)
Support should appear at 1.2530 and 1.2380 to 1.2320.
Resistance is at 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 8119 to 8134
Support should appear near 8044 to 8029
March British Pound
Support should appear near 18150 to 180.80
Resistance should appear 1.8220 and 1.8400.
March Canadian Dollar
Recommended open postion short at 7637
Support should appear near 7601
to 7587 .
Resistance is at the
7675 to 7689 region.
March Aussie Dollar
Recommended open postion Short 7724
Support should appear near 7689 to 7675
Resistance should appear at 7763 to
7777
The
Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should appear
near 10630 and 10680.
Support should appear near 10580 and 10470
March SP500
Recommended open postion long at 1154.3
Resistance
should appear near the 1164.00 to 1169.00 region..
Support should appear near 1136 to 1130
Nasdaq Composite
Resistance should appear near
2170 to 2185 region...
Support should appear near 2089 to 2080
March Mini
Nasdaq 100
Recommended Open Position long 1553.5
Resistance is at 1569 to 1576 .
Support is at 1529 and 1496 to 1484
March 10 Year T-Note
Resistance should
appear near 114-07 and 114-21
Support is at
113-22 and 113-07
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 1.1360, a close over is friendly and augurs for a test of
1.1640 to 1.1690
BW Traders should go long if a close over 1.1380
occurs.
March Silver
Support should appear 643 to 641.5 and 635 to 633.5
Resistance is at 665.5 to 667.5 and 674
to 675.5
Trade Accordingly
The Exciting Energies
March
Crude Oil
Support should appear near 3386 to 3377, a close under augurs for a test of 3328 to 3319
and eventually the 3270 to 3261
region .
Resistance is at
3425 to 3443 and 3493 to 3504
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 9705 to
9745 and 9820 to 9835.
Support should appear near 9545 to
9525 and the 9345 to 9315 region.
The Lively Livestock
April Cattle
Support should appear near 7432 to 7417
Resistance is at 7487 to 7512
April Hogs
Support is at 5652 to 5637 and 5577 to 5552 ..
Resistance is at the 5717 to 5732 and
the 5792 to 5807 region..
BW Traders should go short if a close under 5632 occurs
February Pork
Bellies
Support should appear near 8317 to 8302 and 8227 to 8192.
Resistance is at
8487 to 8502 and 8562 to 8587 ....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 839 1/4 to 840 3/4 and 848 1/2 to 849 3/4 region
Support should appear at 831 1/2 to 830 and 822 1/4 to 819 1/2
March
Soymeal
Support should appear near 256.8 to 255.2
Resistance should appear near 266.3 to 267.2
March Soybean Oil
Resistance should appear near 2972 to 2990.
Support should appear near 2937 to 2928
March Corn
Resistance should appear near 282 to 282 3/4
Support is at 275 3/4
and 272 1/2 to 271 3/4
March CBOT Wheat
Support should
appear near 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 positon long at 7735
Support is near 7780 to 7760 and 7690 to 7675
Resistance should appear near
7940 to 7955 and 8030 to 8045
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
March
Cotton
Support should
appear near 7340 to 7320
Below that buyers should appear near
7170 to 7145 and 7090 to 7075 ,, BW Traders can buy at 7105 and hold
for higher prices
Resistance should appear near 7415
to 7430 and 7485 to 7515
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 –
Stay
tuned for flashes and updates in all markets..
Happy
Trading!
Bill
wil@futurescom.com
1-866-409-3890
Tuesday January 27th
2:25 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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