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FuturesCom Investment Publications
Morning Comments, Friday April 26th, 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--

Thursday April 25th, 2002
3:35 PM Eastern Standard Time

On the Frenzied Forex Front

June Yen
Recommended open BW Position ,Long at 7796
Support should appear near 7777 to 7762 and 7726
traders can buy at 7772 and hold for higher prices

Resistance should appear near 7807 and the 7836 to 7864 region.

June Euro Currency (EC)
Recommended open BW position long at 8961
Support should appear at 8934 and 8902 .. Under that buyers should appear near 8871 to 8856

Resistance is at 9004 and 9044 to 9060

June Swiss Franc
Recommended open BW position long at 6141
Resistance should appear near 6165 to 6190 and 6257 to 6270
Support should appear near 6113 to 6101 and 6068.. Day traders can buy at 6114 and hold for higher prices.. .

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 1.4530 to 1.4590... beyond that a test of 1.4710 is likely.

June Canadian Dollar
Support should appear at 6384 and 6350 to 6337 ..

Resistance is at 6417 to 6430 .

June Aussie Dollar
Support is at 5430 to 5417 and 5387..
Resistance is at 5492 to 5505

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10,037 and 10,104 to 10,120 and 10,136..
Support should appear near 9979 and 9937 to 9921under that buyers should appear near the 9837 to 9822 region .

June SP500
Resistance is at 1096 to 1101 and 1108.2 beyond that sellers should appear near 1115.50

Support should appear at 1089 and 1082.0.and the 1068 to 1058 region. 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 1310 and 1322 then 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 105-23 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 7345 to 7320 and the 7255 to 7240 region.
Resistance should appear near 7415 to 7430 and 7485 to 7515.

July Silver
Recommended open BW position long at 459.5
Support should appear near 458.5 to 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 469.5 to 471.5.
Stay tuned for Updates

The Exciting Energies

June Crude Oil
Recommended open BW position , long at 2673
Support should appear near 2663 and 2620 to 2612 and 2568 to 2552
Resistance is at 2716 to 2724 beyond that a test of 2758 to 2775 is likely.

June Unleaded Gas
Support should appear near 7955 to 7935 and 7865 to 7835 under that 7780 to 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 8025 to 8045 , beyond that a test of 8115 to 8135 is likely.

June Heating Oil

Resistance is at 6805 to 6835 and 6905 to 6920
Support should appear near 6755 to 6740 and 6670 to 6655 under that buyers should appear near
6590 to 6570 and the 6510 to 6490 region. 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 6117 to 6102 and 6067.. under that 6037 to 6022 should bring out buyers of the beef...

Resistance is at 6162 to 6197 and the 6257 to 6272 region..

June Hogs
Recommended Open BW Position Long at 5577
Support is at the 5357 to 5342 and 5282 to 5257
Resistance is at 5432 and 5492 to 5507.. beyond that a test of 5552 to 5577 is likely.

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 477 1/2 to 478 3/4 , a close over is friendly
Support should appear at 471 1/2 to 469 1/2 .. Day traders can buy at 471 3/4 and risk 9 cents

July Soybean Meal
Support should appear near 161.5 to 160.9 and 159.3
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
recommended open BW position long at 1691
Support is near 1676 and 1655 to 1642 which should hold.
Resistance should appear near 1689 to 1696 , a close over is friendly

July Corn
Recommended open BW position long at 204 1/4
Resistance should appear near 203 1/2 to 204 3/4
Support is at 199 3/4 to 198 1/4

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

July Coffee
Recommended open BW position long 2 at 5595 avg
Support is near 5210 to 5200 and 5070 to 5035
Resistance should appear near 5345 to 5355.

July Sugar
Recommended Open BW Potion Long at 541
Support should appear near 515 to 507 .
Resistance should appear near 534 to 539 .

Trade Accordingly

July Cotton
Support should appear near 3660 and 3565 to 3555
Resistance is at 3735 to 3745 and 3795 to 3805

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

Thursday April 25th, 2002
4:05 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.