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FuturesCom Investment Publications
Morning Comments Friday February 6th, 2004
 Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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 Forex - Bonds - Dow Jones - Nasdaq - SP500 -  Precious Metals - Energy - Livestock - Grains - Softs
Real-time Forex     Economic Calendar       Archives 

Thursday February 5th  , 2004
2:30 PM eastern time

 The Frenzied Forex Front  

March Yen
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 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 7486 to 7513   

March Aussie Dollar
Support should appear near 7513 to 7486.
Resistance should appear at 7587 to 7601 and 7675 to 7689

   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 4 at 1140.30 avg
Resistance should appear near the 1130.00 to 1136.00 and 1164.00 to 1169.00
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 then 112-22 and 112-07

                                                 Precious Metals

April Gold
Support should appear at 392.9 to 390.9 and 386.7 to 385.8
Resistance is at 399.20 then 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 11920 to 12030

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 10320 to 10360
Support should appear near 9945 to  9920 and 9735 to 9705

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 7172 to 7142   
Resistance is at 7412 to 7427 

April Hogs
Support is at 6037 to 6022 and 5957 to 5942
Resistance should appear near 6102 to 6112 then 6162 to 6192 and 6257 to 6272 

March Pork Bellies
Support should appear near 9062 to 9042 and 8967 to 8937 
Resistance is at 9317 to 9347 
 

   The Grande’ Grains

March Soybeans
Resistance is at 839 1/2 to 840 3/4 and 848 1/24 to 849 3/4
Support should appear at 822 1/4 to 819 1/2    

March Soymeal
Support should appear near 251.9 to 251.1 
Resistance should appear near 255.2 to 256.8

March Soybean Oil
Resistance should appear near 3148 to 3157   
Support should appear near 3045 to 3036 

March Corn
Support should appear near 272 1/2 to 271 3/4  
Resistance is at 277 1/2 and 282 to 282 3/4

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 2 at 7255 avg
Support is near 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 538 to 534  
Resistance should appear near 562 and 572

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

Thursday February 5th 
3:50 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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