FuturesCom
Investment Publications
Morning Comments Friday January 30th, 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
Thursday January 29th , 2004
6:00 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 1.2380 to 1.2320.
Resistance is at the 12530 and 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 8029
to 8044
Support should appear near 7954 to 7939
.
March British Pound
Support should appear near 180.80 and 17800 to 17740
Resistance should appear 1.8150 to 18220
March Canadian Dollar
Support should appear near 7486 and
7428 to 7414
Resistance is at 7487 to 7513.
March Aussie Dollar
Support
should appear near 7513 to 7486.
Resistance should appear at 7587 to 7601
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 2 at 1149.10 avg
Resistance
should appear near the 1136 a close over is friendly and augurs for a test of
the 1164 to 1169.00 region
Support should appear near 1130 and 1115.50 and the 1101 to
1096 region
BW Traders
can buy at 1101.30 for a bounce and risk a close under 1094.70 for three days in
a row.
Under that
buyers should appear near the 1068 to 1058 region which should hold
Nasdaq Composite
Resistance should appear near
2080 to 2089.
Support should appear near 2042 to 2034
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 113-07 and 113-22
Support is at
112-22 and 112-07
Precious Metals
April Gold
Support should appear at 399.2
to 398.2 a slip under augurs for a test of 392.9 to 390.9 region and the 386.7
to 385.8 region.
Resistance is at 404.6 to 405.6 and 411 to 412
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 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
hold for higher prices , risking
a close under 584 for three days in a row.. Below that buyers should
appear near 596 to 594.5
Resistance is at 625.5 to 627 and 633.5 to 637
Trade Accordingly
The Exciting Energies
March
Crude Oil
Support should appear near
the 3270 to 3261
region .Below that a test of the 3213 to 3190 region is likely.
Resistance is at
3319 to 3328 and 3377 to 3386
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 9425 to
9445 and 9525 to 9540.
Support should appear near 9315
and 9155 to 9140 .. below that a test of 9060 to 9045 is likely
The Lively Livestock
April Cattle
Support should appear near 7257 to
7242 and the 7170 to 7142 region.
Resistance is at 7327 to 7342
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.
Support should appear near 2883 to 2874
March Corn
Resistance should appear near 271 1/4 to 272 1/2 and 275 3/4 to 277 1/2
Support is at 267 1/4 to 266 1/4
and 262 to 261 1/4
March CBOT Wheat
Support should
appear near 374 1/4 to 373 1/2 and 368 1/4 to 366 1/4.
Resistance should appear near 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 position 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
7585 to 7605 and 7675 to 7690
March Cocoa
Support is at 1535 to 1529 and 1496 to 1484
Resistance should appear near 1569 to 1576
March Sugar
Support should appear near 582 and 562 to 588
Resistance should appear near 601 to 609
March
Cotton
Recommended open position long at 2 at 6975 avg
Support should
appear near 6835 to 6810 and the 6755 to 6740 region.
Resistance should appear near 6905
to 6920 and 6990 to 7005
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
Thursday January 29th
7:00 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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