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 Wednesday, April 17th 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

" They say there are two side to everything. But there is only one side to the stock market:
and it's not the bull side or the bear side , but the right side. "
-Reminiscences of a stock operator-

Tuesday, April 16th 2002
6:30 PM Eastern Standard Time

The Frenzied Forex Front

June Yen
Support should appear near 7638 and 7601 to 7587 Day Traders can buy at 7638 and hold for higher prices
Resistance should appear near 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 8777 to 8762 and 8723 under that 8683 to 8668 should contain a decline .
Day Traders can buy at 8778 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 8818 and the 8856 to 8871 region..

June Swiss Franc
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 5999
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 1.4336 and 1.4272 .

Resistance is at 1.4372 then 1.4426, beyond that a test of 1.4530 to 15490, which is now more likely to happen than not..

June Canadian Dollar
Support should appear at 6305 and 6272 to 6257.
Resistance is at 6335 to 6350. 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
Recommended open BW position long 5284
Support is at 5307 and 5284 to 5259...
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 10,320 to 10,360 and 10,415
Support should appear near 10,257 and 10,225.. Under that a test of 10,183.5 is likely. and should hold..
any close under 10,180 and all bets are off..

June SP500
Resistance is at 1136 and 1143.. Beyond that a test of 1150 is likely.
Support should appear at the 1130 and 1115.50

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

Nasdaq Composite
Resistance is at 1822 region, beyond that a test of 1858 to 1865 is likely and should Cap a rally on the first attempt..

Support should appear near 1808 , a slip under is negative and augurs for a test of the 1780 to 1774 region...

June Mini Nasdaq 100
Resistance is at 1437 and 1453 to 1459
Support is at 1422 to 1415.. Failure there is negative and augurs for a test of 1399 and eventually the 1383 to 1377 region..

June 10 Year T-Note
Resistance should appear near 104-23 and 105-04 which 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 104-04 and 103-23

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 7245 and 7170 to 7140.

Resistance should appear near 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 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 442.5 to 444.5 and 450.5 to 451.5

                                   The Exciting Energies

June Crude Oil
Support should appear near 2519 to 2511 and 2469 to 2461
Resistance is at 2552 to 2568 and the 2612 to 2620 region..

June Unleaded Gas
Support should appear near 7955 to 7945 and 7865 to 7835
Nearby Resistance is at 8030 to 8045 and the 8120 to 8135 region.

June Heating Oil
Recommended open BW Position long at 6630
Resistance is at 6575 to 6590 and the 6655 to 6670 region.. A close over is friendly and augurs for a test of the 6810 to 6835 region.
Support should appear near 6505 to 6480 and the 6430 to 6415 region.

                                     The Lively Livestock


June Cattle
Support should appear near 6192 to 6162.. Day traders can buy at 6197 and risk 70 pts .
Resistance is at 6337 to 6352.. Day Traders can sell at 6337 and risk 50 pts .

June Hogs
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 6672 to 6657 and 6592 to 6577
Resistance is at 6742 to 6757 and the 6807 to 6837 region.

    -Stay tuned for Livestock and Belly Day Trades , Updates and Flashes-

       The Grande Grains

May Soybeans
Recommended open BW Position , long 2 at 465 1/2 avg
Resistance is at 465 and 469 1/2 to 471 1/2 , a close over is friendly and augurs for
a test of 477 1/2 to 478 1/2
Support should appear at the 458 1/4 to 457 and 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 469 1/2 to 471 1/2
Support should appear at 465 to 463 1/2 and 458 1/4 to 457

May Soybean Meal
Support should appear near 157.6 to 156.9
Resistance is at 160.9 to 161.5

May Soybean Oil
Support is at 1642 and 1615 to 1609
Resistance should appear near 1655 and 1676....

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 272 1/2 to 271 3/4
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 500 and 490 and 479
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 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
Tuesday April 16th 2002
8:30 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.