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Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500
Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments, Friday May 3rd 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

Courage in a Speculator is merely confidence to act on the decision of his mind

Thursday May 2nd, 2002
5:55 PM Eastern Standard Time

On the Frenzied Forex Front

June Yen
Support should appear near 7807 and the 7777 to 7763 region
Resistance should appear near 7850 to 7864 and 7902.

June Euro Currency (EC)
Support should appear at 9004 and 8964 to 8934.
Resistance is at 9044 to 9060

June Swiss Franc
Resistance should appear near 6257 to 6270
Support should appear near 6190 to 6165.

June British Pound
Support should appear near 1.4590 to 1.4530 and 144.72
Resistance is at 1.4636. beyond that a test of 1.4710 is likely.

June Canadian Dollar
Support should appear at 6384 and 6350 to 6337 ..
Resistance is at the 6417 to 6430 region.

June Aussie Dollar
Support is at 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 5344 to 5356 and 5384.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10,104 to 10,136
Support should appear near the 10,037 to 10,021 region.

June SP500
Resistance is at 1089 and the 1096 to 1101 region.
Support should appear near 1082, a close under is negative and augurs for a test of 1068 to 1058 and eventually the 1036 to 1032 region.

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

Nasdaq Composite
Resistance is at the 1655 and 1672..
Support should appear near 1642 .. under that a test of 1615 to 1609 is likely and eventually the 1576 to 1569 region is likely

June Mini Nasdaq 100
Resistance is at 1232 to 1238 and 1253.. beyond that sellers should appear near 1268 to 1274..
Nearby support is at the 1217.5 and the 1203 to 1192 region .

June 10 Year T-Note
Recommended open BW position short at 105-11
Resistance should appear near 105-27 and 106-04 and 106-17
Support is at 105-12 and 105-04 under that buyers should appear near 104-23

Precious Metals

June Gold
Recommended open BW position long at 304.6
Support should appear at 306.8 under that buyers should appear near 304.5 to 303.6
Below that 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 and 314.8 to 315.7.

July Copper
Recommended open BW position long at 7495
Support should appear near the 7345 to 7335 and the 7255 to 7240 region.
Resistance should appear near 7415 to 7430 and the 7480 to 7515 region.

July Silver
Recommended open BW position long at 459.5
Support should appear near 451.5 to 450.5. 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 457 to 458.5.
Stay tuned for Updates

The Exciting Energies

June Crude Oil
Recommended open BW position , long at 2673
Support should appear near 2620 to 2612 and the 2568 to 2552 region .
Resistance is at 2663 to 2672 and 2716 to 2724

June Unleaded Gas
recommended open BW position long at 7785
Support should appear near 7865 to 7835 and the 7780 to 7760 region.

Resistance is at 7940 to 7955 and 8025 to 8045 .

June Heating Oil
recommended open BW position long at 6510
Resistance is at 6745 to 6755 and 6810 to 6835 ..
Support should appear near 6655, under that 6590 to 6570 should contain a decline.

The Lively Livestock

June Live Cattle
Support should appear near the 6192 to 6165 region.
Resistance is at 6257 to 6272 .

June Hogs
Support is at 5282 to 5257 and 5212 to 5197..
Resistance is at the 5342 to 5357 region.. Beyond that a test of 5417 to 5432 is likely.

May Pork Bellies
Support should appear near 6757 to 6742 and 6673 to 6657 .
Resistance is at 6807 to 6837 and the 6907 to 6922 region.

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

July Soybeans
Recommended open BW position , long 2 at 474 1/4
Resistance is at 465 1/2 and 469 1/2 to 471 3/4

Support should appear at 463 1/4 under that buyers should appear near 458 1/4 to 457 ..
Below that support is at 451 3/4 to 450 1/2

July Soybean Meal
Recommended open BW position long 157.7
Support should appear 155.1 and 153.5 to 152.9..

Resistance is at the 157.7 and 159.1

July Soybean Oil
recommended open BW position long at 1691
Support is near the 1615 to 1609 region. .
Resistance should appear near 1642 to 1655 and 1676..

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 and 195 1/4 to 194 3/4

July Wheat
Support should appear at 256 3/4 to 255 1/2
Resistance is at 267 1/4 and 271 1/2 to 272 3/4

                                                  The Satisfying Softs

July Cocoa
Recommended open BW position long at 1530
Resistance is at 1484 to 1496
Support should appear near the 1459 to 1453  region.

July Coffee
Recommended open BW position long 2 at 5595 avg
Support is near 5070 to 5035 and 4995 to 4975
Resistance should appear near 5125 to 5145 and 5200 to 5210.

July Sugar
Support should appear near 538 to 534 and 523.
Resistance should appear near 558 to 562

Trade Accordingly

July Cotton
Support should appear near 3213 to 3194
Resistance is at 3425 to 3445

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 May 2nd, 2002
8:00 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.