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Investment Publications
Morning
Comments Thursday February 5th, 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
Forex
- Bonds - Dow Jones - Nasdaq - SP500 - Precious Metals - Energy -
Livestock - Grains - Softs
Real-time
Forex Economic
Calendar
Archives
Wed February 4th , 2004
1:30 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 12530 and 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
Resistance
should appear near 8029
to 8044 and 8119 to 8134
Support should appear near 7954 to 7939 and 7864 to 7836
March British Pound
Support should appear near 18220 to 18150 and 1.8080
Resistance should appear 1.8400 and 18580 to 18650
March Canadian Dollar
Support should appear near 7428
to 7415
Resistance is at 7513 and
7550
March Aussie Dollar
Support
should appear near 7513 to 7486.
Resistance should appear at 7601 and 7675 to 7689
The
Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should appear
near 10470 and 10580 to 10630.
Support should appear near 10360 to 10320
March SP500
Recommended open position long 4 at 1140.30 avg
Resistance
should appear near the 1130 to 1136 region
Support should appear near 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
2034 to 2042 .
Support should appear near 1996 to 1982
March Mini
Nasdaq 100
Recommended Open Position long 1553.5
Resistance is at 1484 to 1496
Support is at 1459 to 1453
March 10 Year T-Note
Resistance should
appear near 113-22 then 114-07 and 114-22
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 411 to 412
March
Copper
Support should appear near 11690 to 11640 and 115.25
Resistance should appear near 1.1920 to 1.2030
March Silver
Support should appear near 611.5 to 610 and 595.5 to 594.5
Resistance is at 616,5 to 619 and 625.5 to 627
Trade Accordingly
The Exciting Energies
March
Crude Oil
Support should appear near
the 3270 to 3261 and 3213 to 3194
Resistance is at 3377
to 3386 and 3425 to 3443
March Unleaded
Gas
Resistance should appear
near 10020 to 10035 and 10320 to 10360
Support should appear near 9735 to
9705 and 9345 to 9315
March Heating Oil
Resistance should appear near 9040 to
9060 and 9140 to 9155
Support should appear near 8775 to 8760 and
8315 to 8300
The Lively Livestock
April Cattle
Support should appear near 7002 to 6992
Resistance is at 7242 to 7257
April Hogs
Recommended Open Position Short at 5852
Support is at 5882 to 5857 and the 5807 to 5792 region
Resistance should appear near 5942 to 5957 and 6022 to 6037.
March
Pork
Bellies
Support should appear near 8777 to 8762 and 8682 to 8667.
Resistance is at
8857 to 8872 and 9042 to 9062
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 804 1/2 to 802 3/4 and 793 3/4 to 795 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 3036 to 3045
Support should appear near 2972 and 2937 to 2928
March Corn
Support should appear near 267 1/4 to 266
1/4 and 262 to 261 1/4
Resistance is at 272 1/2 and 275 3/4
to 277 1/2
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 379 1/2 to 380 3/4 and 385 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 3 at 7420 avg
Support is near 7255 to 7240 and the 7170 to 7145 region.. Below that buyer should
appear near
6835 to 6810 and 6766 to 6740
Resistance should appear near
7325 to 7345 and 7485 to 7515
March Cocoa
Support is at 1576 to 1569 and 1535 to 1529
Resistance should appear near 1609 to 1615 and 1642 to 1655
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 6990 to 7005 and
7140 to 7170
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 February 4th
2:40 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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