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Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500 - Precious Metals - Energy - Livestock - Grains - Softs
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FuturesCom Investment Publications
Morning Comments , WedApril 3rd, 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 April 1st , 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 7549 and 7587 to 7601 BW Traders should go long if a close over 7602 occurs.

June Euro Currency (EC)
Recommended open Position , long at 8780
Support should appear at 8762 then 8728 and 8683 to 8668, below that buyers should appear near 8628 and the 8589 to 8560 region..
Resistance is at 8816 and 8856 to 8871

June Swiss Franc
Resistance should appear near 6068 and 6101 to 6113.
Support should appear near the 6023 then 5998 and 5957 to 5945

June British Pound
Recommended Open BW Position Long at 1.4348
Support should appear near 1.4336 and 1.4272 then 1.4210 to 1.4150
Resistance is at 1.4372 and the 1.4530 to 1.4590.

June Canadian Dollar
Recommended Open BW Position Long at 6307
Support should appear at 6223
Resistance is at 6256 to 6271 , a close over is friendly and augurs for a test of 6305 and the 6337 to 6350 region .. BW Traders should go long if a close over 6350 occurs.

June Aussie Dollar
Recommended open position long at 5309
Support is at 5282 to 5259 and 5227..
Resistance is at the 5344 to 5356 region

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10,415 then 10,470 and 10,580 to 10,630
Support should appear at 10,360 to 10,320 and 10,257

June SP500
Resistance is at 1150, beyond that sellers should appear near 1157 and the 1164 to 1169 region.
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 1858 to 1865 and 1883.5
Support is at 1841 then 1822 to 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 1484 to 1496 and 1512.5
Nearby support is at the 1471.5 then 1458 to 1453 and the 1421 to 1415 region..

Trade Accordingly and Stay tuned…
.

June 10 Year T-Note
Resistance should appear near 102-23 and 103-07
Support is at 102-04 below that 101-23 should contain the decline for a bit…

Precious Metals

June Gold
recommended open BW Position long at 303
Support should appear at 299 to 297.2 and 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 304.5. Beyond that a test of 309.2 to 310.2 is likely..

May Copper
Recommended open BW position Long at 7635
Support should appear near the 7605 to 7585 and the 7515 to 7485 region.
Resistance should appear near 7675 to 7690.. beyond that a test of 7760 to 7780 and eventually the 7835 to 7865 region is likely to occur..

May Silver
Recommended Open BW Position Long at 458.5
Support should appear near 465 to 463.5 and 458.5 to 457
Resistance is at 471.5 and 477.5 to 478.5 Beyond that a test of the 484.5 to 485.5 region is likely.

Stay tuned for Updates

The Exciting Energies
May Crude Oil
Support should appear near 2672 to 2663 then 2620 to 2612 then 2568 to 2552
Resistance is at 2716 to 2724. Above that resistance should appear near 2758 to 2775 and the 2820 to 2829 region..BW 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 8405 to 8385 and 8315 to 8300 then 8225 to 8195
Resistance is at 8560 to 8590. BW Traders can sell at 8555 and risk a close over 8685 for three days in a row.. Above that 8760 to 8780 should cap the rally for a bit..

May Heating Oil
Resistance is at 6905 to 6920 Above that sellers should appear near 6990 to 7005 BW 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 6835 to 6805 and 6755 to 6740, under that 6670 to 6655 should contain a decline.

The Lively Livestock

June Live Cattle
Support should appear at 6672 to 6657 and 6592 to 6572
Resistance is at 6742 to 6757 and 6807 to 6837..

April Hogs
Support is at the 5067 to 5037 region..Below that 4972 offers support..
Resistance is at 5127 to 5142 and 5200 to 5212 , an extended trade over is friendly and augurs for a test of 5257 to 5282

June Hogs
Nearby Support is at 6037 to 6022 then 5957 to 5942 and 5882 to 5852
Resistance is at 6102 to 6112 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 6112 occurs.

May Pork Bellies
Support should appear at 7327 and 7257 to 7242 and the 7172 to 7142 region.
Resistance is at 7412 to 7427 and 7487 to 7512. .

    -Stay tuned for Livestock and Belly Updates and Flashes-

                                                                  The Grande' Grains

May Soybeans
Recommended Open BW Position long at 472 1/2
Resistance is at 477 1/2 to 478 1/2 .. beyond that a test of the 484 1/2 to 485 ¾ region is likely
Support should appear at 471 1/2 to 469 1/2 and 465 to 463 1/2 then 458 1/2 to 457 .
BW Traders can buy at 458 1/2 and risk a close under 450 1/2 for three days in a row..

July Soybeans
Recommended Open BW Position long at 480 1/2
Resistance is at 484 1/2 to 485 3/4 beyond that a test of 491 1/2 to 492 3/4 is likely.
Support should appear at 478 3/4 to 477 1/2 and 471 1/2 to 469...Under that buyers should appear near 465 to 463 1/2 and 458 1/4 to 457 ..BW Traders can buy at 459 and hold for higher prices..

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 1655 to 1642 and 1615 to 1609.
Resistance should appear near the 1689 to 1696 region.

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

BW Traders should go long if a close over 208 3/4 occurs

May Wheat
Support should appear at 282 3/4 to 282, under that 277 1/2 to 275 3/4 should hold.
Resistance is at the 287 1/2 to 288 1/4

The Satisfying Softs

May Cocoa
Recommended open BW Position Long at 1491
Resistance is at 1512 and 1529 to 1535
Support should appear near 1496 to 1484 and 1459 to 1453

May Coffee
Support is near 5805 to 5790 and 5730 to 5715 under that buyers should appear near 5655 to 5640.
Resistance should appear near the 5855 to 5880 region..Beyond that sellers should appear near 5945 to 5955 and the 6020 to 6035 region.

May Sugar
Recommended open BW Position , long at 587
Support should appear near 562 to 559 .
Resistance should appear near 582 to 586.

May Cotton
Nearby Support should appear near 3805 to 3790 and the 3745 to 3735 region
Resistance is at 3855 to 3870 and 3910 to 3930.

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 April 1st, 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.