TECH TALK

(January 3, 2001) MARCH CORN: Trend up. Support 2.22. Resistance 2.37. Rally over $2.32 pushes to $2.37.

MARCH SOYBEANS: Trend up. Support 5.00. Resistance 5.24. Trying to fill gap at $5.00.

MARCH SOYBEAN MEAL: Trend up. Support 186.50. Resistance 196.00. Correction stops at 186.50.

MARCH SOYBEAN OIL: Trend neutral. Support 1470. Resistance 1540. Good long-term play: Patience.

MARCH WHEAT: Trend neutral-up. Support 2.68. Resistance 2.84. Needs close over $2.80 soon.

MARCH OATS: Trend neutral. Support 1.08. Resistance 1.16. Tough resistance at $1.15.

FEBRUARY LIVE CATTLE: Trend up. Support 7650. Resistance 7825. When weather breaks, so will live cattle.

MARCH FEEDER CATTLE: Trend up. Support 8900. Resistance 9100. Very, very little upside left.

FEBRUARY LEAN HOGS: Trend neutral-down. Support 5550. Resistance 5700. Held 5550 twice--not 3 times.

FEBRUARY PORK BELLIES: Trend neutral. Support 6350. Resistance 6900. Too much bacon in cold storage.

MARCH BRITISH. POUND: Trend up. Support 148.00. Resistance 150.60. May see 155.00 next 3 months.

MARCH SWISS FRANC: Trend up. Support 6040. Resistance 6350. Euro recovery keeps firm.

MARCH JAPANESE YEN: Trend down. Support 8790. Resistance 8920. Break of 8800 starts free fall.

MARCH EURO FX: Trend up. Support 9275. Resistance 9700. Good buy on correction to 9300.

MARCH CANADIAN DOLLAR: Trend up. Support 6615. Resistance 6740. No apparent end to this rally.

MARCH U.S. DOLLAR INDEX: Trend down. Support 10800. Resistance 11040. Might see 104.00 by late March.

MARCH EURODOLLAR: Trend up. Support 9405. Resistance 9425. Rates will be lower. 9450 soon?

MARCH U.S. TREASURY BOND: Trend up. Support 10415. Resistance 10600. 106.00 will not hold. Much higher.

MARCH S&P 500: Trend neutral-down. Support 1304. Resistance 1357. Shakeout lasts 1-2 more weeks.

MARCH DOW JONES: Trend neutral. Support 10600. Resistance 11200. Most beatings will go to NASDAQ.

FEBRUARY GOLD: Trend neutral. Support 270.00. Resistance 278.00. Does any one want this stuff ?

MARCH SILVER: Trend neutral-down. Support 4.50. Resistance 4.72. They want this even less!

MARCH COPPER: Trend neutral. Support 8000. Resistance 8540. Weak stock market limits upside.

APRIL PLATINUM: Trend up. Support 590. Resistance 620. Upside waning. Big drop due.

FEBRUARY HEATING OIL: Trend down. Support 8300. Resistance 9200. Warmer forecast hurts rally.

FEBRUARY UNLEADED GAS: Trend down. Support 7200. Resistance 8100. Rally peaked: Lower.

FEBRUARY NATURAL GAS: Trend neutral-up. Support 6.53. Resistance 9.45. Look out below: Huge drop due.

FEBRUARY CRUDE OIL: Trend down. Support $25.90. Resistance $28.00. Settling into $25-$28 range.

MARCH COCOA: Trend up. Support 745. Resistance 820. Might see 1000 by March.

MARCH SUGAR: Trend neutral. Support 942. Resistance 1033. Possible double top at 1033.

MARCH COTTON: Trend down. Support 6050. Resistance 6375. Might see 6000 if 6140 exceeded.

MARCH ORANGE JUICE: Trend down. Support 7500. Resistance 8200. Apparently only the humans froze.

MARCH COFFEE: Trend down. Support 6300. Resistance 6700. A lot of support near 0.

MARCH LUMBER: Trend down. Support 215. Resistance 230. Lower rate prospects should help.
 

January 3, 2001

William Frejlich

The Windy City Trader

P.O. Box 1673, Chicago, Illinois

800-443-2360

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