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, Tuesday April 16th 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

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

Monday, April 15th 2002
4:00 PM Eastern Standard Time

                            The Frenzied Forex Front


June Yen
Support should appear near 7601 to 7587 Day Traders can buy at 7593 and risk 30 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 5958
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
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 5284 to 5259...
Resistance is at 5309 and 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 10,104 to 10,136 and 10,180.5
Support should appear near 10,037 to 10,021 and the 9937 to 9921 region.

June SP500
Resistance is at 1108.20 and 1115.50 then 1122.60 and 1130 to 1136
Support should appear at the 1101 to 1096 region.....Below that buyers should appear near 1068.00 to 1058.00.. BW Traders who have ‘ice water running thru their veins ‘ can buy at 1068.1 for a bounce and hold for higher prices. Failure there is negative and augurs for a test of 1036 to 1032.

*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 1377 to 1383 and 1399.. Beyond that sellers should appear near 1415 to 1421
Support is at 1361.5 and the 1346 to 1434 region.. Below that a test of 1310 to 1304 is likely

June 10 Year T-Note
Resistance should appear near 105-04 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 104-23 and 104-12

                                         Precious Metals


June Gold
Recommended open BW Position , long at 303
Support should appear at 299 to 297.2
Resistance remains at the 303.6 to 304.5 region.

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 444.5 to 443 and the 438.5 to 437 region. BW Traders can buy at 438.5 and hold for higher prices, initially plan on risking a close under 430 for three days in a row.. Below that 425 to 423.5 should contain a decline for a bit..
Resistance is at the 450.5 to 451.5

                                   The Exciting Energies

June Crude Oil
Recommended open BW position , long 2 at 2523
Support should appear near 2469 to 2461 and the 2419 to 2413 region.. Under that
2370 to 2354 should hold.
Resistance is at 2511 to 2519.. beyond that a test of 2552 to 2568 is likely

June Unleaded Gas
Support should appear near 7695 to 7670 and 7605 to 7585
Nearby Resistance is at 7835 to 7865 and the 8030 to 8045 region

June Heating Oil
Recommended open BW Position long at 6630
Resistance is at 6415 to 6430 and 6575 to 6590
Support should appear near 6350 to 6335 and 6190 to 6165

                                     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 5430 to 5415 and 5357 to 5342.
Resistance is at 5492 to 5507 and the 5552 to 5577 region.

May Pork Bellies
Support should appear near 6592 to 6577 and 6432 to 6417

Resistance is at 6657 to 6670 then 6742 to 6757 and the 6807 to 6837 region.

    -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 457 1/4 to 458 1/2
Support should appear at the 451 1/2 to 450 1/4 region.

July Soybeans
Recommended Open BW position long 2 at 469 3/4 avg
Resistance is at 463 3/4 to 465
Support should appear at 458 1/4 to 457 and 451 1/2 to 450 1/2

May Soybean Meal
Support should appear near 155.2 and 153.5 to 152.9
Resistance is at 156.9 to 157.6

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

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 1484 to 1496 and the 1529 to 1535 region
Support should appear near 1459 to 1453 and 1437

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 5555 to 5580 and the 5640 to 5655.

July Sugar
Recommended open BW Position , long 503
Support should appear near 490 and 479
Resistance should appear near the 500 and the 507 to 515 region.

July Cotton
Recommended open BW position long 2 at 3930 avg
Nearby Resistance should appear near 3855 to 3870 and 3910 to 3930
Support is at the 3805 to 3795 region. Under that 3745 to 3735 should hold.

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 April 15th 2002
5:15 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.