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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 , Friday April 5th, 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

"Accomplishments will prove to be a journey, not a destination.”
-Dwight D. Eisenhower-

Thursday April 4th , 2002
1:00 PM Eastern Standard Time

The Next Bi-Weekly Investment will out over the weekend

The Frenzied Forex Front

June Yen
Support should appear near 7552 then 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 7601 then 7639 and 7675 to 7689
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 8728 and 8683 to 8668, below that buyers should appear near 8628 and the 8589 to 8560 region..
Resistance is at 8762 to 8777 and 8816

June Swiss Franc
Resistance should appear near 6023 to 6035 and 6068
Support should appear near 5998 and 5957 to 5945

June British Pound
Recommended Open BW Position Long at 1.4348
Support should appear near 1.4272 then 1.4210 to 1.4150
Resistance is at 1.4336, a close over augurs for an eventual test of the 1.4530 to 1.4590 region.

June Canadian Dollar
Recommended Open BW Position Long at 6307
Support should appear at 6259 and 6223
Resistance is at 6271 then 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 5312 and the 5344 to 5356 region

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10,257 and 10,320 to 10,340 then 10,360
Support should appear at 10,185 and 10,136 to 10,104.Below that a test of
10,037 to 10,021 is likely

June SP500
Resistance is at 1130 to 1136 and 1143 then 1150, beyond that sellers should appear near 1157 and the 1164 to 1169 region.
Support should appear at 1122.70 and 1115.50. 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 1880 and 1808 to 1822, beyond that sellers should appear near|
1858 to 1865
Support is at 1774 .. A close under 1774 is negative for a slip to 1738 to 1731 where buyers should appear and contain a decline. Under that 1696 to 1689 offers support..

June Mini Nasdaq 100
Resistance is at 1415 to 1421 and 1438, beyond that resistance is at 1453 to 1458
Support is at the 1383 to 1377..Trade Accordingly and Stay tuned…
.

June 10 Year T-Note
Resistance should appear near 103-23 and the 104-07 region.
Support is at 103-12 to 103-07 and 102-24

Precious Metals

June Gold
recommended open BW Position long at 303
Support should appear at 299 to 297.2.
Resistance is at 303.6 to 304.5..

May Copper
Support 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.. ..Below that support should appear near 7090 to 7070.
Resistance should appear near 7325 to 7340 and the 7415 to 7430 region.

May Silver
Recommended Open BW Position Long at 458.5
Support should appear near 458.5 to 457
Resistance is at 463.5 to 465.

Stay tuned for Updates

The Exciting Energies
May Crude Oil
Support should appear near 2663 and 2620 to 2612, below that 2568 to 2552 should contain a decline ..
Resistance is at 2716 to 2724.. beyond that a test of 2758 to 2775 is likely..

May Unleaded Gas
Support should appear near 8134 to 8119 and the 8045 to 8025 region .
Resistance is at 8300 to 8315 then 8390 to 8405 and 8485 to 8505 .

May Heating Oil
Resistance is at 6910 to 6920 and 6990 to 7005 then 7070 to 7090
Support should appear near 6835 to 6805 and the 6755 to 6740 region.. under that 6670 to 6655 should hold..

                         The Lively Livestock

June Live Cattle
Support should appear at 6432 to 6417 and 6352 to 6332
Resistance is at 6482 to 6512 and 6577 to 6582..

June Hogs
Support is at 5732 to 5717 and 5652 to 5642
Resistance is at 5792 to 5807 a close over is friendly and augurs for a test of
6022 to 6037.

BW traders should go long if a close over 5807 occurs

May Pork Bellies
Support should appear at 7002 to 6987 and the 6922 to 6907 region.
Resistance is at 7072 to 7087 then 7142 to 7172 and 7242 to 7257 .

    -Stay tuned for Livestock and Belly Updates and Flashes-

                                                                  The Grande' Grains

May Soybeans
Recommended Open BW Position long 2 at 465 1/2 avg
Resistance is at to 463 to 465 1/2
Nearby Support should appear at 458 1/2 to 457 and the 451 1/2 to 450 1/2 region..

July Soybeans
Recommended Open BW Position long at 480 1/2
Resistance is at 469 1/4 to 471 1/2
Support should appear at 463 1/2 and 458 1/4 to 457 ..BW Traders can buy at 459 and hold for higher prices..

May Soybean Meal
Recommended open position long at 157.7
Support should appear near 153.5 to 152.9
Resistance is at 156.9 to 157.6

May Soybean Oil
Support is near 1615 to 1609.
Resistance should appear near 1642 to 1655.

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

May Wheat
Support should appear at 277 1/2 to 275 3/4.
Resistance is at the 282 to 282 3/4

The Satisfying Softs

May Cocoa
Resistance is at 1529 to 1535 and 1569 to 1576
Support should appear near 1496 to 1484 and the 1459 to 1453 region

May Coffee
Support is near 5655 to 5645 under that buyers should appear near 5580 to 5555 and the 5505 to 5490 region.. Day Traders can buy at 5505 and hold for higher prices.. .

Resistance should appear near 5715 to 5730 then 5790 to 5805 and the 5855 to 5880 region.

May Sugar
Recommended open BW Position , long at 587
Support should appear near 562 to 559 .
Resistance should appear near 571 then 582 to 586

May Cotton
Support should appear near 3745 to 3735 and the 3680 to 3655 region.
Resistance is at 3795 to 3805 and 3855 to 3870 .

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 April 4th, 2002
7:15 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.