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Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments, Tuesday April 23rd, 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

Monday April 22nd, 2002
2:35 PM Eastern Standard Time

On the Frenzied Forex Front

June Yen
Recommended open BW Position ,Long at 7680
Support should appear near 7689 to 7675.. Below that buyers should appear near 7637 and the 7601 to 7587 region and should contain a decline for a bit..

Resistance should appear near 7726 and 7763 to 7777

Aggressive Traders should go long if a close over 7777 occurs
.

June Euro Currency (EC)
Recommended Open BW Position Long at 8872
Support should appear at 8871 to 8856 and 8818.. Under that buyers should appear near 8777 to 8762 and 8723… Aggressive Traders can buy at 8777 and risk a close under 8721 for three days in a row. Below that 8683 to 8668 should contain a decline..

Resistance is at 8902 and 8934 to 8964

BW Traders should go long if a close over 8904 occurs..

June Swiss Franc
Resistance should appear near 6100 to 6115
Support should appear near the 6035 to 6023 region.and 5998

June British Pound
Support should appear near 14372 and 1.4210 to 1.4150….
BW Traders can buy at 1.4376 for a turn higher and risk a close under 1.4336 for three days in a row..

Resistance is at 1.4530 to 1.4590..

June Canadian Dollar
Recommended open BW position long at 6344
Support should appear at 6350 to 6337 and 6305..

Resistance is at 6384 and 6417 to 6430 ..

June Aussie Dollar
Recommended open BW position long at 5388
Support is at 5356 to 5344 and 5313.. Below that Buyers should appear near 5282 to 5259 ..
BW Traders can buy at 5315 and risk a close under 5256 for three days in a row.

Resistance is at 5418 to 5430

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10,185 and 10,257..
Support should appear near 10,136 to 10,104 and the 10,021 to 10,037 region.. which is the year-end level and should provide support from the sidelines..

June SP500
Resistance is at 1115.50 and 1122.70

Support should appear at 1101 to 1096..Below that buyers should appear near 1082.0

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

Nasdaq Composite
Resistance is at 1774 to 1780 .
Support should appear near the 1738 to 1731 region where buyers should appear and contain a decline.

June Mini Nasdaq 100
Resistance is at 1377 to 1383 and 1396 .
Nearby support is at the 1346 to 1334 region.. Below that buyers should surface near 1310 to 1304

June 10 Year T-Note
Resistance should appear near 104-23 , which should cap a rally for a bit... Beyond that a test of the
105-04 to 105-12 region is likely. BW Traders can sell at 105-11 and risk a close over 105-23 for three days in a row
Support is at 104-04 and 103-23 and 103-12 to 103-07

Precious Metals

June Gold
Support should appear at 299 to 297.2 and the 293.7 to 292.8 region..
BW Traders can buy at 299.1 and hold for higher prices, initially plan on risking a close under 292.6 for three days in a row..

Resistance is at 303.6 to 304.5 region. 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 longif a close over 304.5 occurs

July Copper
Recommended open Bw posittion long at 7495
Support should appear near 7430 to 7415 and 7345 to 7320
Resistance should appear near 7515 and the 7760 to 7780 region..

July Silver
Support should appear near 451.5 to 450.5 then 444.5 to 443 and the 438.5 to 437 region. BW Traders can buy at 450.5 and hold for higher prices, initially plan on risking a close under 442 1/2 for three days in a row..

Resistance is at 458.5 and the 463.5 to 465 region..

Aggressive BW Traders should go long if a close over 458.5 occurs. ..Stay tuned for Updates

The Exciting Energies

June Crude Oil
Support should appear near 2620 to 2612 and 2568 to 2552
Resistance is at 2663 to 2672 a close over is friendly and augurs for a test of 2716 to 2724

Aggressive BW Traders should go long if a close over 2672 occurs

June Unleaded Gas
Support should appear near 7865 to 7835 and the 7780 to 7765 region.. Which should contain a decline for a bit...BW Traders can buy at 7785 and risk a close under 7580 for three days in a row..

Resistance is at 7955 then 8025 to 8045 and 8115 to 8140.

June Heating Oil
Resistance is at 6655 to 6670 and 6805 to 6835. A close over is friendly and augurs for an eventual test of
7070 to 7090

Support should appear near 6590 to 6570 and the 6505 to 6485 region.
BW Traders can buy at 6510 and hold for higher prices.. Risk a close under 6410 for three days in a row.

BWTraders should go long if a close over 6685 occurs..

The Lively Livestock

June Live Cattle
Support should appear near the 6112 to 6102 and the 6037 to 6022 region , BW traders can buy at 6037 and risk a close under 5942 for three days in a row ..

Resistance is at 6162 to 6192

June Hogs
Recommended Open BW Position Long at 5577
Support is at the 5507 to 5492 region. Below that a test of 5432 to 5417 and the 5357 to 5342 region is likely..
Resistance is at 5552 to 5577 and 5612 .

May Pork Bellies
Recommended Open BW Position Long at 6922
Support should appear near the 6672 to 6657 Below that 6592 to 6577 should bring out buyers.

Resistance is at 6742 to 6757 and 6807 to 6837.

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

July Soybeans
Resistance is at 477 1/2 to 478 3/4 and 491 1/2 to 492 3/4 Beyond that a test of the 503 3/4 to 506 3/4
region is likely..

Support should appear at 471 1/2 to 469 1/2 and 465 to 463 1/4 under that buyers should appear near 458 1/4 to 457 . BW . Traders can buy at 4651/2 and hold for higher prices..

BW traders should go long if a close over 478 3/4 occurs

July Soybean Meal
Support should appear near 157.6 to 156.9 ..BW Traders can buy at 157.7 and hold for higher prices.. Below that support at153.5 to 152.9 should contain a decline for a bit..

Resistance is at 160.9.to 161.5 , a close over 161.5 is friendly and augurs for a test of the 164.2 to 165.5 region

July Soybean Oil
Support is near 1696 to 1689 and 1655 to 1642 which should hold. BW Traders can buy at 1691 and risk a close under 1639 for three days in a row..

Resistance should appear near 1731 to 1738, a close over 1738 is friendly and augurs for a test of 1774 to 1780

BW Traders should go long if a close over 1741 occurs..

July Corn
Recommended open BW position long at 204 1/4
Resistance should appear near 208 to 208 ¾
Support is at 204 1/2 to 203 1/2 .

Traders should go long if a close over 204 1/4 occurs

July Wheat
Support should appear at 272 ½ to 271 ¾ and 267 1/4 to 266 1/4.Under that 262 to 261 ¼ should contain a decline and hold for some time..BW Traders can buy at 267 ½ and risk a close under 261 ¼ for three days in a row..
Resistance is at 275 3/4 to 277 1/2 , a close over 277 ½ is friendly and augurs for a test of 280 ½ and eventually the 282 to 282 ¾ region..

BW Traders should go long if a close over 277 ¾ occurs.

The Satisfying Softs

July Cocoa
Recommended open BW postion long at 1530
Resistance is at 1553 and the 1569 to 1576 region..a close over is friendly
and augurs for a test of 1609 to 1615 ..

Support should appear near 1535 to 1529 and 1496 to 1484.

BW Traders should go long if a close over 1576 occurs..

July Coffee
Recommended open Bw positon long 2 at 5595
Support is near 5655 to 5645 and 5575 to 5555 . Under that support should appear near 5505 to 5490 and the 5430 to 5415 region.

Resistance should appear near 5715 to 5730 , a close over augurs for a test of 5855 to 5880 and the 6020 to 6035 region.

July Sugar
Support should appear near 539 to 534..BW Traders can buy at 541 and hold for higher rices.. Under that support is at 515 to 507 .

Resistance should appear near 558 to 562 and the 582 to 586 region..

Trade Accordingly

July Cotton
Support should appear near 3565 to 3555 and 3445 to 3425..

Resistance is at 3660 to 3685 and 3735 to 3745..

Trade Accordingly and stay tuned for updates..

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 22nd, 2002
3:45 PM e.s.t.

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.