FuturesCom
Investment Publications
Morning Comments Tuesday
February 3rd, 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 February 2nd , 2004
1:00 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
Resistance
should appear near 7939 to to 7954 and 8029
to 8044
Support should appear near 7864 to 7836 and 7777 to 7763
March British Pound
Support should appear near 1.8080 and 1.7800 to 1.7740
Resistance should appear 18220 and 1.8400
March Canadian Dollar
Support should appear near 7428
to 7415
Resistance is at 7486 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 1164 to 1169 region
Support should appear near 1136 to 1130 then1115.50 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 to 1484.00 and 1459 to 1453
March 10 Year T-Note
Resistance should
appear near 113-22 and 114-07
Support is at
113-08 and 112-22
Precious Metals
April Gold
Support should appear at 392.9 to 390.9 and 386.7 to 385.8
Resistance is at 404.6 to 405.6 and the 411.0 to 412.0 region
March
Copper
Recommended Open Position Long at 1.1455
Support should appear near 1.1360 to 1.1300 and 1.1010 to
1.0960
Resistance should appear near 1.1640 to 1.1690
and 1.1920 to 1.2030
March Silver
Recommended Open position long at 604.5
Support should appear near 603.5 to 602.5 then
595.5 to 594.5 and the
588 to 585.5 region
Resistance is at 610 to 611.5 and 616.5 to 619
Trade Accordingly
The Exciting Energies
March
Crude Oil
Support should appear near
the 3443 to 3425 and 3386 to 3377
Resistance is at 3493 to 3503 and
the 3553 to 3563 region
March Unleaded
Gas
Resistance should appear
near 10320 to 10360 ad 10580 to 10630 and 10680
Support should appear near 10035 to
10020 then 9835 to 9820 and 9735 to
9705
March Heating Oil
Resistance should appear near 9525 to
9545 and 9625 to 9640.
Support should appear near 9345 to 931and 9155 to
9140
April Cattle
Support should appear near 7257 to 7242 and
7172 to 7142
Resistance is at 7327 to 7342 and 7412 to 7427
April Hogs
Recommended Open Position Short at 5852
Support is at 5957 to 5942 and 5882 to 5857
Resistance should appear near 6022 to 6037 and the 6102 to 6112 region.
March
Pork
Bellies
Support should appear near 8587 to 8562 and 8502 to 8487.
Resistance is at
8667 to 8682.. beyond that sellers should cap a rally near the 8762 to 8777
region.
The Grande’ Grains
March Soybeans
Resistance is at 777 3/4 to 776 1/4 and 768 3/4 to 767 1/2
Support should appear at 795 1/2 and 802 3/4 to 804 1/2
March
Soymeal
Support should appear near 241.9 to 241.1
Resistance should appear near 251.1 to 251.9
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
Support should appear near 267 1/4 to 266
1/4 and 262 to 261 1/4
Resistance is at 271 1/4 to 272 1/2 and 275 3/4
to 277 1/2
March CBOT Wheat
Support should
appear near 380 3/4 to 379 1/2 and 374 1/4 to 373 1/2
Resistance should appear near 385 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 2 at 7545 avg
Support is near 7485 then 7430 to 7414 and 7345 to 7325. 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 7690beyond that a test of 7760 to 7775 is
likely.
March Cocoa
Support is at 1496 to 1484 and
the 1459 to 1453 region
Resistance should appear near 1535 and 1569 to 1576
March Sugar
Support should appear near 562 to 588
Resistance should appear near 582 to 586
March
Cotton
Support should
appear near 6835 to 6810 and
6755 to 6740
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
Monday February 2nd
2:30 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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