Economic and Investment Trend Analysis

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

Real-time Forex Economic Calendar Archives Premier Service Index Program

FuturesCom Investment Publications
Morning Comments, Thursday February 12th, 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

"If there is anything that a man can do well, I say let him do it. Give him a chance."
-Abraham Lincoln-

Wednesday February 11th, 2004
4:00 PM eastern time

The Frenzied Forex Front

March Yen
Resistance should appear near the 9526 to 9543 region.
Support should appear near 9444 to 9429. BW Traders can buy at 9448 for a turn higher.. initially plan on a risking a close under 9312 for three days in a row.

March Euro Currency (EC)
Recommended open position Short at 12671
Support should appear at 12680 and 12555 to 12330
Resistance is at 12890..Above that sellers should appear near 1.3040 to 1.3100.. Beyond that 1.3340 to 1.3360 and the 1.3770 to 1.3830 should cap rallies …BW Traders can sell at 1.3332 and risk a close over 13490 for three days in a row..

March Swiss Franc
Resistance should appear near 8194 to 8223
Support should appear near 8134 to 8119
BW Traders should go short if a close under 8059 occurs

March British Pound
Support should appear near 1.8650 to 1.8580
Resistance should appear near 1.9020 to 1.9090

March Canadian Dollar
Support should appear near 7601 to 7587
Resistance is at the 7675 to 7689 region. BW Traders can sell at 7637 and risk a close over
7739 for three days in a row..

March Aussie Dollar
Support should appear near 7777 to 7763
Resistance should appear near 7864 and the 7939 to 7954 region. BW Traders can sell at 7937 for turn lower and risk a close over 7962 for three days in row..

Trade Accordingly and stay tuned for Updates..

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10820 and 10960 to 11010
Support should appear near 10680 to 10630 and 10580.

March SP500
Recommended open position Long at 1157
Resistance should appear near 1164.00 to 1169.00
Support should appear near 1150 and 1136.00 to 1130.00.
BW Traders can buy at 1136.20 and hold for higher prices.. Below that support should appear near 1115.50 and the 1101 to 1096 region.BW Traders can buy at 1101.30 and risk a close under 1095.30 for three days in a row.

BW Traders should go long if a close over 1169.70 occurs..

Trade accordingly and Stay tuned for updates and flashes …

Nasdaq Composite
Resistance should appear near 2126 to 2134
Support should appear near 2080 and 2042 to 2034.

March Mini Nasdaq 100
Resistance is at 1529 to 1535
Support is at 1496 to 1484 and the 1459 to 1453 region.
BW Traders can buy at 1472 and risk a close under 1449 for three days in a row.

March 10 Year T-Note
Resistance should appear near 114-22 then 115-07 and 115-22.
Support is at 114-07 and 113-22.

Precious Metals

April Gold
Support should appear at 411 and 405.6 to 404.6
Resistance is at 416.3 to 418.3
BW Traders should go short if a close under 401.8 occurs..

March Copper
Recommended open position long at 12160
Support should appear near 120.30 to 119.20 and 1.1690 to 1.1640
Resistance should appear near 123.20 to 123.80 and the 126.80 to 127.40 region

March Silver
Recommended open position long at 655.5
Support should appear 651 to 648.5 and 627 to 625.5.
Resistance should appear near 674 to 675.5 and 680.5 to 683.5

--Stay tuned for updates—

The Exciting Energies

April Crude Oil
Support should appear near 3270 to 3261 and 3213 to 3194..
Resistance is at 3319 to 3328 and the 3377 to 3386 region. which should cap a rally.

BW Traders should go short if a close under 3143 occurs..

April Unleaded Gas
Recommended open position short at 10320
Resistance should appear near 10680 then 10820 and 10960 to 11020.
Support should appear near 10580 then 10470 and 10360 to 10320 .

BW Traders should go short if a close under 10115 occurs

April Heating Oil
Recommended open position short 8480
Resistance should appear near 8855 to 8870 and 8935 to 8965
Support should appear near 8775 to 8760 and 8590 to 8560
BW Traders should go short if a close under 8310 occurs..

Trade Accordingly…

The Lively Livestock

April Cattle
Support should appear near 7257 to 7242
Resistance is at 7327 to 7342

April Hogs
Support is at 5957 to 5942 and 5882 to 5852
Resistance is at 6022 to 6037 and 6102 to 6112

Recommended open position. July /April Hog Spread
Long July 6215
Short April 6125

March Pork Bellies
Support should appear near 9237 then 9157 to 9142 and 9062 to 9042
Resistance is at 9527 to 9542 and the 9622 to 9642 region.. Beyond that sellers should appear near the
9707 to 9737 region.. BW Traders can sell at 9702 and hold for lower prices

The Grande’ Grains

March Soybeans
Resistance is at 8391/4 to 840 3/4 and 848 1/2 to 849 3/4

Support should appear at 831 1/2 to 830 and 822 1/4 to 819 1/2
BW Traders should go short if a close under 829 3/4 occurs..

March Soymeal
Recommended open position Short at 248.8
Support should appear near 246.9 to 246.1 and 241.9 to 241.1
Resistance should appear near 251.1 to 251.9 and 255.2 to 256.8

March Soybean Oil
Recommended open position long at 3194
Resistance should appear near 3261 to 3270
Support should appear near 3213 to 3194 and 3157 to 3148

March Corn
Resistance should appear near the 287 1/2 to 288 1/4 region
Support is at 282 3/4 to 282

March CBOT Wheat
Support should appear near 386 3/4 to 385 3/4 and 380 3/4 to 379 1/2.
Resistance should appear near 390 3/4 to 392 3/4 398 1/4 to 399 1/4

The Satisfying Softs

March the ‘Monster’ Coffee
Recommended open position long at 7405
Support is near 7345 to 7325 and 7255 to 7240
Resistance should appear near the 7590 to 7605 region

May the ‘Monster’ Coffee
Recommended open position long at 7645
Support is near 7605 to 7585 and 7515 to 7485
Resistance should appear near 7675 to 7690 and the 7835 to 7865 region

May Cocoa
Support is at 1496 to 1484
Resistance should appear near 1529 to 1535 and 1569 to 1576. BW Traders can sell at
1567 for a turn lower, risk a close over 1622 for three days in row. ..

BW Traders should go short if a close under 1481 occurs

May Sugar
Support should appear near 562 to 559 and the 538 to 534 region.
Resistance should appear near 582 to 586 and 601 to 609. BW Traders can sell at 581 and risk a close over to 623 for three days in a row.

May Cotton
Recommended open position long 2 at 6965 avg
Support should appear near 6670 to 6655 and the 6510 to 6485
Resistance should appear near 6740 to 6755 and 6815 to 6835

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 11th 2004

6:00 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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