Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500 
Precious Metals - Energy - Livestock - Grains - Softs


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
S
upport 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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