FuturesCom
Investment Publications
Morning Comments Thursday January 29th, 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
Wed January 28th , 2004
1:15 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 18220 to 18150 and 180.80
Resistance should appear 1.8400 and 18580 to 18650
March Canadian Dollar
Support should appear near 7513
to 7486
Resistance is at the 7587 to
7601 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 10680 and 10820.
Support should appear near 10630 and 10580
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
2126 to 2134 ..
Support should appear near 2089 to 2080
March Mini
Nasdaq 100
Recommended Open Position long 1553.5
Resistance is at 1529.00 to 1535.00 .
Support is at 1496.00 to 1484.00
March 10 Year T-Note
Resistance should
appear near 114-21 and 115-07
Support is at
113-22 and 113-07
Precious Metals
April Gold
Support should appear at 412 to 411
and 405.6
to 404.6
Resistance is at 416.3 to 418.3 and 423.8 to 424.9
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 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 3328 to 3319
and 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 9340 to 9315
and 9155 to 9140
The Lively Livestock
April Cattle
Support should appear near 7257 to
7242
Resistance is at 7417 to 7427 and 7487 to 7512
April Hogs
Support is at 5732 to 5717 and 5652 to 5637.
Resistance is at the 5792 to 5807 and
5857 to 5882..BW Traders
can sell at 5852 and risk a close over 5962 for three days in a row…
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 811 3/4 to 813 1/2 and 819 1/2 to 822 1/4
Support should appear at 795 1/2 to 793 3/4 and 777 3/4 to 776
3/4
March
Soymeal
Support should appear near 246.9 to 246.1 and 241.9 to 241.1
Resistance should appear near 255.2 to 256.8
March Soybean Oil
Resistance should appear near 2928 to 2937 and 2972 to 2990.
Support should appear near 2883 to 2874 and 2829 to 2820
March Corn
Resistance should appear near 275 3/4 to 277 1/2 and 282 to 282 3/4
Support is at 267 1/4 to 266 1/4
and 262 to 261 1/4
March CBOT Wheat
Support should
appear near 373 1/2 and 368 1/4 to 366 1/4.
Resistance should appear near 379 1/2 to 380 3/4 and 386 3/4 to 386 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 7515 to 7485 then 7430 to 7414 and 7345 to 7325 .BW.
Traders can buy at 7355 and stay
tuned for updates Below that
support should surface near 7255 to 7240 and the 7170 to 7145 region...
BW Traders can buy at 7175 and hold for higher prices.. risk a close under 6970
for three days in a row.. .
Resistance should appear near
7765 to 7775 and 7940 to 7955
March Cocoa
Support is at 1496 to 1484 and
1459 to n1453 , which should hold..
Resistance should appear near 1529 to 1535 and 1569 to 1576
March Sugar
Support should appear near 562 to 588
Resistance should appear near 586 and 601 to 609
March
Cotton
Recommended open position long at 7105
Support should
appear near the 7005 to
6990 region.. Below thaty buyers should appear near near 6835 to 6810 and the 6755 to 6740 region. BW Traders can buy
at 6840 and risk a close under 6655 for three days in a row.
Resistance should appear near 7140
to 7170 and 7325 to 7345
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
Wed January 28th
2:10 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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