Economic and Investment Trend Analysis

Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500 - Precious Metals - Energy - Livestock - Grains - Softs
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FuturesCom Investment Publications
Morning Comments , Thursday March 21st, 2002
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

Thursday March 21st, 2002
2:15 AM Eastern Standard Time

The Frenzied Forex Front

June Yen
Support should appear near 7601 to 7587 and should continue to contain
a decline for a bit..

Resistance should appear near 7675 to 7689

June Euro Currency (EC)
Support should appear at 8777 to 8762 and 8723.
Resistance is at the 8816 and the 8856 to 8871 region.

June Swiss Franc
Resistance should appear near 6068 and 6100 to 6115.
Support should appear near 6035 to 6023 and 5998 .

June British Pound
Recommended Open BW Position Long at 1.4192
Support should appear near 1.4180 and 1.4150
Resistance is at 1.4274 and 1.4372

June Canadian Dollar
Support should appear at 6305 and 6271 to 6257
Resistance is at the 6337 to 6350 region .. A close over is friendly and augurs for a test of 6417 to 6430 and most likely the 6483 to 6509 region..
BW Traders should go long if a close over 6350 occurs.

June Aussie Dollar
Support is at 5259 and 5228 then 5200 and 5176
Resistance should appear near 5312 and 5344 to 5356

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10,525 then 10,580 to 10,630 and 10,680.
Support should appear near 10,470..., under that a test of 10,360 to 10,320 is likely..

June SP500
Recommended Open BW Position Short at 1152.3
Resistance is at 1157 and 1164 to 1169...
Support should appear at 1150 and 1143.. under that a test of 1136 to 1133 is likely.

*Stay Tuned for BW Updates & MC Day Trades during the trading session..

Nasdaq Composite
Resistance is at 1841 and 1858 to 1865.
Support is at 1822 to 1809

June Mini Nasdaq 100
Resistance is at 1459 and 1471.5 ..
Support is at 1438 and 1421 to 1415

Trade Accordingly

June 10 Year T-Note
Resistance should appear near 102-23. and 103-04..
Support is at 102-07 and 101-23.

Precious Metals

April Gold
Recommended Open BW position long at 293.9
Support should appear at the 288.3 to 287.4 region.
Resistance is at 292.8 to 293.7 and 295.9

May Copper
Support should appear near 7605 to 7585.and 7515 to 7485
Resistance should appear near 7670 to 7690 and the 7765 to 7780 region..

May Silver
Support should appear near 451.5 to 450.5 and 444.5 to 443 BW Traders can buy at 444.5 and hold for higher prices, initially plan on risking a close under 430 for three days in a row..

Resistance is at the 457 to 458.5 region.. .. A close over is friendly and augurs for a test of 463.5 to 465 and beyond towards the 469.5 to 471 region. Aggressive BW Traders should go long if a close over 458.5 occurs. ..Stay tuned for Updates

The Exciting Energies

May Crude Oil
Support should appear near 2469 to 2461 and the 2419 to 2411 region..
Resistance is at the 2511 to 2519 and the 2552 to 2568 region. .Beyond that a test of 2612 to 2620
is likely to occur..

May Unleaded Gas
Support should appear near 8135 to 8115 and 8045 to 8025

Resistance is at 8195 to 8225 and 8300 to 8315.

May Heating Oil
Resistance is at 6575 to 6590 and the 6655 to 6670 region .
Support should appear near 6510 to 6480, under that buyers should step in near 6430 to 6415 and contain a decline...

                                The Lively Livestock

April Live Cattle
Recommended open BW position , long at 7257
Support should appear near 7087 to 7072 and 7002 to 6992
Resistance is at 7142 to 7172

April Hogs
Support is at 5257 and 5212 to 5200 then 5142 to 5127.
Resistance is at 5287 and 5342 to 5357

June Hogs
Recommended Open BW position , long at 6282
Support is at 6272 to 6257 and 6192 to 6162
Resistance is at the 6337 to 6352 and the 6417 to 6432 region.

May Pork Bellies
Support should appear near 7687 to 7672 and 7602 to 7587 .. .A slip under augurs for a test of 7512 to 7487 where buyers should appear and contain the decline

Resistance is at 7762 to 7777 , beyond that sellers should appear near 7832 to 7862

    -Stay tuned for Livestock and Belly Updates and Flashes-

                                                       The Grande' Grains

May Soybeans
Recommended open BW Position Long 2 at 465 1/4 avg
Resistance is at 463 3/4 to 465.
Support should appear at 458 1/2 to 457 and the 451 1/2 to 450 1/2 region..

July Soybeans
Resistance is at 469 1/2 to 471 3/4.
Support should appear near 458 1/4 to 457 ..BW Traders can buy at 459 and hold for higher prices..
Under that buyers should appear near 451 1/2 to 450 1/2

May Soybean Meal
Recommended open BW Position , long at 158.7
Support should appear near 155.2 under that BW Traders can buy at 153,5 for a turn higher , risk a close under 152.9 for three days in a row.
Resistance is at the 156.9 to 157.6 region  Beyond that a test of 160.9 to 161.5 is likely.

May Soybean Oil
Support is near 1609 and 1576 to 1569
Resistance should appear near 1615 and 1642 to 1655

May Corn
Resistance should appear near 208 to 208 3/4 and 210 1/2.
Support is at 204 1/4 to 203 1/2.

May Wheat
Recommended Open BW Position , long at 279 1/4
Support should appear at the 277 1/2 to 275 3/4 region and 274 1/2
Resistance is at 279 1/2 and 282 to 282 3/4

                             The Satisfying Softs

May Cocoa
Resistance is at the1529 to 1535 and the 1569 to1576 region .
Support should appear near 1496 to 1484

May Coffee
Support is near 5580 to 5555 and 5505 to 5485, under that buyers should appear near 5430 to 5415
Resistance should appear near the 5645 to 5655 region. Beyond that a test of the 5715 to 5730 region
is likely.

May Sugar
Support should appear near 601 and 586 to 582 . Below that 562 to 558 should hold
BW Traders can buy at 587 and risk a close under 557 for three days in a row.

Resistance should appear near 609 and 620 then 630 to 634, a close over augurs for a test of 656 to 661.BW Traders should go long if a close over 635 occurs.

May Cotton
Nearby Support should appear near3870 to 3855 then 3805 to 3795 and 3745 to 3735.
Resistance is at 3910 to 3930, beyond that a test of 3985 to 3995 and the 4045 to 4055 region is likely.

A Ship in Harbor is Safe.. But that is not what ships are built for --

Happy Trading !
Bill
bill@futurescom.com
1--561-433-2995

Thursday March 21st , 2002
3:30 AM

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.