Precious Metals - Energy - Livestock - Grains - Softs
FuturesCom Investment Publications
Morning Comments, Thursday April 25th, 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--
Wed April 24th, 2002
3:25 PM Eastern Standard Time
On the Frenzied Forex Front
June Yen
Recommended open BW Position ,Long at 7680
Support should appear near 7726 and 7689 to 7675
Resistance should appear near 7763 to 7777
Aggressive BW Traders should go long if a close over 7777 occurs
.
Support should appear at 8871 to 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 8934 to 8964
BW Traders should go long if a close over 8904 occurs..
June Swiss Franc
Resistance should appear near 6101 to 6113
Support should appear near 6068 and the 6035 to 6023 region.
June British Pound
Support should appear near 144.16 and 14372
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 1.4462 and 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 , beyond that a test of 6417 to 6430 is likely .
Recommended open BW position long at 5388
Support is at 55387 and 5356 to 5344 , under that 5313 should hold ..
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 10,104 to 10,120 and 10,136..
Support should appear near 10,021 region..Under that we are lower on the year and
a test of 9937 to 9921 is likely..
June SP500
Resistance is at 1096 to 1101 and 1108.2 beyond that sellers should appear near 1115.50
Support should appear at 1082.0 , however eventually a test of the 1068 to 1058 region is likely..?
BW traders who have ice water running thru their veins can buy at 1068.10 for a bounce and hold for higher prices..
*Stay Tuned for BW Updates and additional trades during the trading sessions..
Nasdaq Composite
Resistance is at 1731 to 1738 and 1756 .
Support should appear near the 1696 to 1689 region.
June Mini Nasdaq 100
Resistance is at 1322 and 1334 to 1346...
Nearby support is at 1304 and 1289, a slip under is negative and augurs for a test of the 1274 to 1268 region.
June 10 Year T-Note
Recommended open BW position short at 105-11
Resistance should appear near 105-12 and 105-23 to 105-27
Support is at 105-04 and 104-23
Precious Metals
June Gold
Recommended open BW position long at 304.6
Support should appear at 304.5 to 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 7415 and 7345 to 7320
Resistance should appear near 7485 to 7515 and the 7585 to 7605 region..
July Silver
Recommended open BW position long at 459.5
Support should appear near 457 and 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 463.5 to 465 region..
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 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 7945 to 7955 and 8025 to 8045
June Heating Oil
Recommended open BW position long at 6690
Resistance is at 6655 to 6670 and 6740 to 6755
Support should appear near 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
Recommended open BW position long at 6037
Support should appear near 6022 and 5957 to 5942.
Resistance is at 6067 and 6102 to 6112
June Hogs
Recommended Open BW Position Long at 5577
Support is at the 5357 to 5342 and 5282 to 5257
Resistance is at 5417 to 5432 5492 to 5507
May Pork Bellies
Recommended Open BW Position Long at 6922
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 Updates and Flashes-
The Grande’ Grains
July Soybeans
Recommended open BW position , long at 483 1/4
Resistance is at 491 1/2 to 492 3/4 and the 497 to 499 1/.2 region.
Support should appear at 478 3/4 to 477 1/2 and 471 1/2 to 469 1/2
July Soybean Meal
Support should appear near 161.5 to 160.9
Resistance is at the 164.2 to 165.5 region Beyond that a test of 168.9 to 169.6 is likely..
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 204 3/4 and 208 to 208 ¾
Support is at 203 1/2 and 199 3/4
July Wheat
Support should appear at 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 271 3/4 to 272 1/2 and 275 3/4 to 277 1/2 ,
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 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 5555 . Under that support should appear near 5505 to 5490 and the 5430 to 5415 region.
Resistance should appear near 5640 to 5655 , 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 3685 to 3660 and 3565 to 3555
Resistance is at 3735 to 3745 and 3795 to 3805
Trade Accordingly and stay tuned for updates..
Happy Trading !
Bill
bill@futurescom.com
1--561-433-2995
Wed April 24th, 2002
4:04 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.
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