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Description of Services Premier Service

FuturesCom Investment Publications
Morning Comments , Tuesday March 26th, 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

Monday March 25th , 2002
2:30 PM Eastern Standard Time

The Frenzied Forex Front

June Yen
Support should appear near 7513 to 7486, a close under is negative and augurs for as test of the 7428 to 7414 region.. BW Traders can buy at 7429 for a bounce and risk a close under 7413 for three days in a row..
Resistance should appear near 7587 to 7601…A close over is friendly and augurs for a test 7675 to 7689 and eventually the 7763 to 7777 region..

BW Traders should go long if a close over 7602 occurs.

June Euro Currency (EC)
Support should appear at 8723 and the 8683 to 8668 region. BW Traders can buy at 8684 and risk a close under 8668 for three days in a row .

Resistance is at 8762 to 8777, a close over 8777 is friendly and augurs for a test of 8818 then 8856 to 8871

June Swiss Franc
Resistance should appear near 6023 to 6035. Beyond that sellers should appear near 6100 to 6115

Support should appear near 5998 and the 5957 to 5945 region..

Aggressive BW Traders should go short if a close under 5997 occurs

June British Pound
Support should appear near 1.4150 and 1.4072..BW Traders can buy at 1.4150 for a turn higher and risk a close under 1.4068 for three days in a row..

Resistance is at 1.4210, a close over is friendly and augurs for s test of 1.4372 and beyond towards the 1.4530 to 1.4590 region.

BW Traders should go long if a close over 1.4210 occurs.

June Canadian Dollar
Recommended Open BW Position Long at 6307
Support should appear at 6305 and the 6271 to 6257 region.
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 5227 under that 5211 to 5200 should hold for a bit ,,BW Traders can buy at 5228 and risk a close under 5174 for three days in a row..

Resistance is at 5282.. above that a trade towards the 5344 to 5356 region is likely

BW Traders should go long if a close over 5284 occurs

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10,320 to 10,340 and 10,360 .. Beyond that sellers should appear near 10,415 and 10,470

Support should appear near the 10,255. A close under is negative and augurs for a test of 10,136 to 10,104 and eventually the 10,021 to 10,037 region..

June SP500
Resistance is at 1141 to 1143 and 1150, beyond that sellers should appear near 1157 .. Support should appear at 1136 to 1133 and 1130....eventually a test of 1115.50 should not be ruled out.. BW . Traders who have ‘ice water running thru their veins ‘ can buy at 1115.6 and hold for higher prices. Failure there is negative and augurs for a test of 1101 to 1096 …

Stay Tuned for BW Updates and additional trades during the trading sessions..

Nasdaq Composite
Resistance is at 1822 and 1841 , beyond that sellers should appear near 1858 to 1865 and 1883.5

Support is at 1808.. Below that buyers should appear near 1780 to 1774 .. A close under 1774 is negative for a slip to 1738 to 1731 where buyers should appear and contain a decline.

June Mini Nasdaq 100
Nearby Resistance is at 1453 to 1459 and 1471.5 .
Nearby support is at the1421 to 1415 region. A slip under augurs for a test of 1383 to 1377 and the 1346 to 1334 region..

Trade Accordingly and Stay tuned…
.

June 10 Year T-Note
Resistance should appear near 102-24 and 103-07.

Support is at 102-04 and 101-23 . below that 101-07 should contain a decline
for a bit…

Precious Metals

April Gold
Support should appear at 297.2 then 295.4 and the 293.7 to 292.8. BW Traders can buy at 293.8 and hold for higher prices, initially plan on risking a close under 292.6 for three days in a row..

Resistance is at 299, an extended trade or close over 299 augurs for a test of the 303.6 to 304.5 region.Beyond that a test of 309.2 to 310.2 is likely..

BW Traders should go long/ add if a close over 299.2 occurs
(Note we will be rolling the work in gold to June shortly)

May Copper
Support should appear near the 7345 to 7325 region.. and under that buyers should appear near 7255 to 7240.. BW traders can buy at 7260 and hold for higher prices.. Initially plan on risking a close under 7140 for three days in row.. .

Resistance should appear near 7415 to 7430 and the 7485 to 7515 region a close over is friendly and augurs for a test of 7760 to 7780 and eventually the 7835 to 7865 region..

BW Traders should go long if a close over 7515 occurs

May Silver
Support should appear near 457 then 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 457 to 458.5 , beyond that a trade towards the 463.5 to 465 region and the 484.5 to 485.5 region is likely.

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 2519 to 2511 and 2469 to 2461..Under that support should appear near 2419 to 2411 and the 2370 to 2354. Which should contain a decline for a bit.. Traders can buy at 2372 and risk a close under 2313 for three days in a row.. Below that support should appear near 2275 to 2269

Resistance is at the 2552 to 2568 region. Beyond that a test of 2612 to 2620 is likely. Above that sellers should appear near 2716 to 2724 and the 2820 to 2829 region..Traders can sell at 2819 for a turn lower and risk a close over 2938 for three days in a row..

May Unleaded Gas
Support should appear near 8045 to 8035 and 7960 to 7940. Under that support should appear near the
7865 to 7835 region. Below that support is at 7780 to 7765 and the 7690 to 7675 region. Which should contain a decline for a bit... Traders can buy at 7695 and risk a close under 7580 for three days in a row..

Resistance is at the 8115 to 8135 region   Beyond that resistance should appear near 8195 to 8225.. Above that sellers should appear near the 8300 to 8315 and the 8390 to 8410 region.. Beyond that a test of 8560 to 8590 is likely.. Traders can sell at 8555 and risk a close over 8685 for three days in a row..

May Heating Oil
Resistance is at 6575 to 6590 and 6655 to 6670. a close over is friendly and augurs for an eventual test of 6740 to 6755 and beyond towards the 6905 to 6920 region.. Above that sellers should appear near 6990 to 7005   Traders can sell at 6990 and hold for lower prices.. risk a close over 7090 for three days in a row.

Support should appear near 6505 to 6485 and 6350 to 6335 .. Below that a test of 6115 to 6100 is likely Traders can buy at 6115 and hold for higher prices.. Risk a close under 6020 for three days in a row. .

                         The Lively Livestock

June Live Cattle
Support should appear near the 6592 to 6577 and 6512 to 6487..Under that buyers should step in near 6427 to 6412
Resistance is at 6657 to 6672. Beyond that sellers should appear near 6742 to 6757

April Hogs
Support is at 5282 to 5257 failure there augurs for a test of 5212 to 5197.

Resistance is at 5342 to 5357 and 5417 to 5432...

June Hogs
Support is at 6192 to 6162 and the 6112 to 6102 region ..

Resistance is at 6257 to 6272. a close over is friendly and augurs for a test of 6337 to 6352 and eventually the 6417 to 6432 region..

BW Traders should go long if a close over 6272 occurs.

May Pork Bellies
Recommended Open BW Position Short at 7762
Support should appear at 7777 to 7762 and 7692 to 7672.

Resistance is at 7832 to 7867 Above that resistance is at 7937 to 7957 and the
8027 to 8042 region..

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande' Grains

May Soybeans
Resistance is at to 463 3/4 to 465 and 469 1/2 to 471 1/2

Nearby Support should appear at 458 1/2 to 457 and the 451 1/2 to 450 1/2 region..
BW Traders can buy at 458 ½ and risk a close under 450 ½ for three days in a row..

BW Traders should go long if a close over 471 1/2 occurs

July Soybeans
Resistance is at 469 1/2 to 4711/2
Support should appear at 465 to 463 3/4 under that buyers should appear near 458 1/4 to 457 ..BW Traders can buy at 459 and hold for higher prices..

Aggressive BW Traders should go long if a close over 478 3/4 occurs

May Soybean Meal
Support should appear near 157.6 to 156.9 BW Traders can buy at 157.7 for a turn higher. Risk a close under 156.7 for three days in a row.
Resistance is at 160.9.to 161.5

May Soybean Oil
Support is near 1576 to 1569. under that 1535 to 1529 should hold.
Resistance should appear near 1609 to 1615.

May Corn
Resistance should appear near 204 3/4 and 206 1/2
Support is at 203 1/2 and 199 3/4 to 198 1/4

BW Traders should go long if a close over 208 ¾ occurs

May Wheat
Recommended open BW position , long May Wheat 283 3/4
Nearby Support should appear at 282 3/4 to 282 and 279 3/4 Under that 277 1/2 to
275 3/4 should contain a decline...
Resistance is at the 287 1/2 to 288 1/4 region.
.


                                         The Satisfying Softs

May Cocoa
Recommended open BW Position Long at 1491
Resistance is at 1496 and 1529 to 1535
Support should appear near 1484 and 1459 to 1453.
Below that support is at 1421 to 1415.. under that 1383 to 1377 should contain a decline

May Coffee
Support is near 5355 to 5340 and 5215 to 5200 .BW Traders can buy at 5220 and risk a close under 5020 for three days in a row.

Resistance should appear near 5490 to 5505 and 5640 to 5655. A close over 5655 is friendly and augurs for a test of 5855 to 5880 and the 6020 to 6035 region. Beyond that sellers should appear near 6165 to 6190

BW Traders should go long if a close over 5505 occurs.

May Sugar
Recommended open BW Position , long at 587
Support should appear near 601 and 586 to 582 .
Resistance should appear near 609 and 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 near 3865 to 3850 and 3745 to 3735 . Below that 3565 to 3555 should hold
Resistance is at 4045 to 4055 , beyond that 4110 to 4120 should cap a rally.. However in this atmosphere and depressed as cotton has been a trade towards 4305 to 4315 is likely to occur on any sustained rally..
Trade Accordingly

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

Monday March 25th 2002
3:45 PM
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.