Morning Comments Monday

Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500-
Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments, Monday April 15th 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
Description of Services Premier Service

Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable - ranks high. There are certain chances that the most prudent man is justified in taking - chances that he must take if he wishes to be more than a mercantile mollusk"
-- Reminiscences of a Stock operator--

Sunday, April 14th 2002
4:35 AM Eastern Standard Time

                            The Frenzied Forex Front


June Yen
Support should appear near 7587 Day Traders can buy at 7593 and risk 25 pts
Resistance should appear near 7638 and 7675 to 7689 , a close over is friendly and augurs for a test of the 7763 to 7777 region Aggressive BW Traders should go long if a close over 7690 occurs.

June Euro Currency (EC)
Support should appear at 8762 and 8723 under that 8683 to 8668 should contain a decline .
Day Traders can buy at 8724 and hold for higher prices.. BW Traders can buy at 8684 and risk a close under 8668 for three days in a row .

Resistance is at 8777, an extended trade or close over 8777 is friendly and augurs for a test of 8818 and the 8856 to 8871 region..

June Swiss Franc
Nearby Resistance remains at 6023 to 6035.. beyond that a test of 6068 and
the 6101 to 6113 region is likely to occur.
Support should appear near 5998 then 5957 to 5945.. Day Traders can buy at 5998
and hold for higher prices..

BW Traders should go long if a close over 6037 occurs

June British Pound
Recommended open BW Position , long 1.4302
Support should appear near 1.4272 and 1.4212 to 1.4180 then 1.4150…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 1.4372 then 1.4426, beyond that a test of 1.4530 to 15490 is likely.

June Canadian Dollar
Recommended Open BW Position long at 6307
Support should appear at 6272 to 6257. Below that support should appear near the 6190 to 6165 region. .
Resistance is at 6305, a close over 6305 is friendly and augurs for a test of 6335 to 6350

June Aussie Dollar
Recommended open BW position long 5284
Support is at 5307 and 5284 to 5259... Day traders can buy at 5307 and hold for higher prices..
Resistance is at 5344 to 5356.. a close over 5356 is friendly and augurs for a test of 5418 to 5430

                             The Sensational Stock and Bond markets

Dow Jones Industrial Average
Resistance should appear near 10,257 and 10,320 to 10,360
Support should appear near 10,136 to 10,104 .. a close under augurs for a test of 10,037 to 10,021.

June SP500
Resistance is at 1115.50 and 1122.60. a close over 1115.50 is friendly
and augurs for a test of 1130 to 1136
Support should appear at the 1108.20 and the 1101 to 1096 region..

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

Nasdaq Composite
Resistance is at 1774 to 1780 and the 1808 to 1822 region , which is likely to cap a rally

Support should appear near 1738 to 1731 then 1713.5 and the 1696 to 1689 region.

June Mini Nasdaq 100
Resistance is at 1361.5 and 1377 to 1383..
Support is at 1346 to 1434 and 1310 to 1304.

June 10 Year T-Note
Resistance should appear near 104-23, beyond that a test of 105-04 is likely and should cap a rally for a bit... A close over 105-04 is friendly and augurs for a test of 105-23 and eventually 106-12
Support is at 104-12 then 104-04 and 103-23

                                         Precious Metals


June Gold
Recommended open BW Position , long at 303
Support should appear at 301.8 and 299 to 297.2.
Resistance remains at the 303.6 to 304.5 region. However an extended trade or close over 304.5 is friendly augurs for a test of 309.2 to 310.2 and eventually the 314.8 to 315.7 region..BW Traders should go long / add if a close over 304.5 occurs

May Copper
Support should appear near 7170 to 7140 and the 7090 to 7075 region..Under that buyers should appear near   7005 to 6990 . ..

Resistance should appear near 7245 to 7255 and the 7325 to 7345 region. A close over is friendly and augurs for a test of 7485 to 7515 and eventually the 7760 to 7780 region..

BW Traders should go long if a close over 7345 occurs

May Silver
Recommended open BW position long at 458.5
Support should appear near 458.5 to 457 and 451.5 to 450.5
Resistance is at the 463.5 to 465 region.. a close over augurs for a trade towards 477.5 to 478.5 and eventually the 484.5 to 485.5 region

Aggressive BW Traders should go long if a close over 465 occurs. ..Stay tuned for Updates

                                   The Exciting Energies

June Crude Oil
Recommended open BW position , long 2 at 2523
Support should appear near 2322 to 2315 and the 2275 to 2267 region..
Resistance is at 2370 and 2413 to 2419 beyond that a test of 2461 to 2469 is likely.

June Unleaded Gas
Recommended open BW position, long at 7695
Support should appear near 7255 to 7240 and 7170 to 7140 and the 7005 to 6990 region
Nearby Resistance is at 7415 to 7430 and 7585 to 7605 and the 7763 to 7777 region

June Heating Oil
Recommended open BW Position long at 6630
Resistance is at 6255 to 6270 and 6415 to 6430
Support should appear near 5960 to 5955 under that buyers should appear near 5880 to 5855.

                                     The Lively Livestock


June Cattle
Support should appear near 6192 to 6162 and the 6117 to 6102 region.. Day traders can buy at 6117 and risk 40 pts .
Resistance is at 6257 to 6270 and 6337 to 6352.

June Hogs
Recommended open BW position long 2 at 5622 avg
Support is at 5282 to 5257 and 5212 to 5197... Day Traders can buy at 5212 and hold for higher prices...
Below that buyers should appear near 5142 to 5127...
Resistance is at 5342 to 5357 and the 5417 to 5432 region.. beyond that a test of 5492 to 5507 is likely..

May Pork Bellies
Support should appear near 6432 to 6417 and 6352 to 6337

Resistance is at 6657 to 6670 and 6807 to 6837

    -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 1/2 to 465
Support should appear at 458 1/2 to 457 and the 451 1/2 to 450 1/4 region.
Day Traders can buy at 458 3/4 and risk 9 cents

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

July Soybeans
Recommended Open BW position long 2 at 469 3/4 avg
Resistance is at 465 and 469 1/2 to 471 1/2
Support should appear at 458 1/4 to 457

May Soybean Meal
Support should appear near 153.5 to 152.9
Resistance is at 156.9 to 157.6

May Soybean Oil
Support is near 1655 to 1642 and the 1615 to 1609 region.
Resistance should appear near 1672 , beyond that a test of 1689 to 1696 is likely to occur.

July Corn
Resistance should appear 204 to 204 3/4 and 208 to 208 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 269 1/4 and 267 1/4 to 2661/4 .
Resistance is at the 275 3/4 to 277 1/2 region..

BW Traders should go long if a close over 277 3/4 occurs..

                                         The Satisfying Softs

July Cocoa
Recommended open BW Position , long at 1491
Resistance is at 1496 and1529 to 1535
Support should appear near 1459 to 1453.

July Coffee
Recommended open BW position long 2 at 5705 avg
Support is near 5505 to 5490 and the 5430 to 5415 region
Resistance should appear near 5580 then 5640 to 5655 and the 5715 to 5730 region.

July Sugar
Recommended open BW Position , long 503
Support should appear near 471 to 468
Resistance should appear near the 507 to 515 region.

July Cotton
Recommended open BW position long 2 at 3930 avg
Nearby Resistance should appear near 3910 to 3930 and 3992 to 3992
Support is at 3855 and the 3805 to 3795 region.

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
Sunday April 14th 2002
6:35 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.