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Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments, Wed April 24th, 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

Tuesday April 23rd, 2002
2:45 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..Day Traders can buy at 7638 and hold for higher prices.. .

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 8856 and 8818.. Under that buyers should appear near 8777 to 8762 and 8723… Aggressive   BW 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 6068 , an extended trade over is friendly and augurs for a test of
6100 to 6115
Support should appear near the 6035 to 6023 region.and 5998
Day Traders can buy at 6036 and hold for higher prices..

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 6337 and 6305..

Resistance is at 6384 , beyond that a test of 6417 to 6430 is likely .

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 5387 and the 5418 to 5430 region

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10,120 to 10,136 and 10,185..
Support should appear near 10,104, a slip under augurs for a test of the 10,021 to 10,037 region..

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 1756 and 1774 to 1780 .
Support should appear near the 1738 to 1731 under that a slip towards the 1696 to 1689 region is likely.

June Mini Nasdaq 100
Resistance is at 1361.5 and 1377 to 1383 .
Nearby support is at 1334 region., a slip under is negative and augurs for a test of the 1310 to 1304 region.

June 10 Year T-Note
Resistance should appear near 105-04 to 105-12. BW Traders can sell at 105-11 and risk a close over 105-23 for three days in a row
Support is at 104-12 and 104-04

Precious Metals

June Gold
Recommended open BW position long at 304.6
Support should appear at 303.6 and 301.5 under that buyers should appear near 299 to 297.2
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 309.2 to 310.2 .

July Copper
Recommended open Bw position 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
Recommended open BW position long at 459.5
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 7955 to 7945 , under that 7865 to 7835 and the 7780to 7765 region 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 8045 and 8115 to 8140 then 8190 to 8225, beyond that a test of the 8300 to 8315 region is likely to occur..

June Heating Oil
Recommended open Bw position long at 6690
Resistance is at 6740 to 6755 and 6805 to 6835. A close over is friendly and augurs for an eventual test of
7070 to 7090

Support should appear near 6670 to 6655 and 6590 to 6570 .. below that 6510 to 6490 should contain a decline BW Traders can buy at 6510 and hold for higher prices.. Risk a close under 6410 for three days in a row.

The Lively Livestock

June Live Cattle
Support should appear near 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 5212 to 5197
Resistance is at 5417 to 5432

May Pork Bellies
Recommended Open BW Position Long at 6922
Support should appear near 6592 to 6577 and 6512 to 6482
Resistance is at 6657 to 6672 and 6742 to 6757

-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

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..

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 position long at 1530
Resistance is at 1569 to 1576 region..a close over is friendly and augurs for a test of 1609 to 1615 ..
Support should appear near 1553 and 1535 to 1529

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

July Coffee
Recommended open Bw position 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 5790 to 5805, , a close over augurs for a test of 5855 to 5880 and the 6020 to 6035 region.

July Sugar
Recommended Open BW Potion Long at 541
Support should appear near 539 to 534.. 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

Tuesday April 23rd, 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.