FuturesCom Investment Publications Morning Comments

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

FuturesCom Investment Publications
Morning Comments, Monday May 13th 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

" Observation. experience memory and mathematics- A man can have great mathematical ability and unusual power of accurate observation and yet fail in speculation unless he also possesses the experience and memory "
-- Reminiscences of a Stock Operator --

Sunday May 12th, 2002
3:15 AM Eastern Standard Time

On The Frenzied Forex Front
STOP THE PRESSES: The Forex Comments are based on Friday's close, however at this writing,
Early Trading of the cash markets indicate a sharply higher EC +120 , BP + 50 , SF +90, the Aussie ,
Yen and C$ are unchanged ... 6:30 am ..look for an update Sunday Eve ..

June Yen
Recommended Open BW Position Long at 7851
Support should appear near 7807 and the 7777 to 7763 region which should contain a decline for a bit..
Under that .BW Traders can buy at 7727 and risk a close under 7673 for three days in a row..

Resistance should appear near 7864 , beyond that a test of 7901 is likely..

June Euro Currency (EC)
Recommended Open BW Position Long at 9101
Support should appear at 9102 and 9060 to 9044.. below that support is at 9002 .Aggressive BW Traders can buy at 9002 and risk a close under 8929 for three days in a row..

Resistance is at the 9140 to 9156 region. . A close over augurs for a test of 9257 and eventually the 9316 to 9347 region ..

June Swiss Franc

Resistance should appear near 6303.and the 6337 to 6350 region.
Support should appear near 6270 to 6257 and 6228 , under that buyers should appear near the
6190 to 6165 region

June British Pound
Recommended Open BW Position Long at 1.4590
Support should appear near 1.4530 and 1.4472
Resistance is at 14590, a close over is friendly and augurs for an eventual test of the 1.4840 to 1.4960 region. ..

BW Traders should go long if a close over 14714 occurs.

June Canadian Dollar
Support should appear at 6384 and 6350 to 6337 .. BW Traders can buy at 6352 and hold for higher prices. Under that buyers should appear near the 6271 to 6257 region.

Resistance is at the 6417 to 6430 region. A close over is friendly and augurs for a test of 6483 to 6509
BW Traders should go long if a close over 6432 occurs..

June Aussie Dollar
Recommended Open BW Position Long at 5427
Support is at 5430 to 5417 and 5387 under that buyers should appear near 5356 to 5344 and contain a decline.
Resistance is at 5461, an extended trade augurs for a test of the 5492 to 5504 region

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9979 and 10,021 to 10,037. Beyond that sellers should appear near 10,069.

Support should appear near 9937 to 9921 and the 9837 to 9822 region..

Trade accordingly .

June SP500

Resistance is at 1058 to 1063 and 1068.. Beyond that sellers should appear near 1075 and 1082.5
Support should appear near 1047 and the 1036 to 1032 region..

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

Nasdaq Composite
Resistance is at 1609 to 1615 then 1628 and the 1642 to 1655 region
Support should appear near 1576 to 1569 and 1552

June Mini Nasdaq 100
Nearby Resistance is at 1192 to 1203 and 1217.5.. Beyond that sellers should appear near
the 1232 to 1238 region.
Support is at 1169 to 1164. below that a test of 1136 to 1130 is likely.

June 10 Year T-Note
Resistance should appear near 105-23 and 106-07 to 106-12
Support is at 105 -12 then 105-04 and 104-23 which should contain a decline for a bit… .

Precious Metals

June Gold
Support should appear at 310..2 to 309.2 and 306.8 under that 304.5. to 303.6 should hold.
BW Traders can buy at 307.1 and risk a close under 297.1 for three days in a row..

Resistance is at 314.8 to 315.7 .
BW Traders should go long / add if a close over 315.9 occurs

July Copper
Recommended Open BW Position Short at 7410
Support should appear near 7345 to 7325 and 7255 to 7240.
Resistance should appear near 7415 to 7430. Beyond that resistance is at 7590 to 7605

July Silver
Recommended Open BW Position Long at 467.0
Support should appear near 465 to 463 and 458.5 to 457 then 451.5 to 450.5. BW traders can buy at 454.5 and hold for higher prices..

Resistance is at 469.5 to 471.5, a close over is friendly and augurs for a trade towards 477.5 to 478.5 and eventually the 484.5 to 485.5 region

Stay tuned for Updates

The Exciting Energies

June Crude Oil
Support should appear near 2775 to 2758 and 2724 to 2716 under that 2672 to 2663
should contain a decline
Resistance is at the 2820 to 2829 region. Beyond that a test of 2874 to 2883 is likely..

June Unleaded Gas
Support should appear near 7865 to 7835 and 7780 to 7765
Resistance is at 8025 to 8045 and the 8300 to 8315 region. .

June Heating Oil
Recommended open BW position long at 6740
Resistance is at 6905 to 6920.. Beyond that a test of the 6985 to 7005 region is likely.
Support should appear near 6835 to 6810 and 6755 to 6740.

The Lively Livestock

June Live Cattle
Support should appear at 6272 to 6257 and the 6192 to 6162 region.
Resistance is at the 6337 to 6352 and the 6417 to 6432 region.

June Hogs
Support is at 5357 to 5342 then 5317 and 5282 to 5257
Resistance is at 5417 to 5432.. beyond that a test of the 5492 to 5507 region is likely

July Pork Bellies
Support should appear at 6337 and 6272 to 6257 then 6192 to 6162

Resistance is at 6352 and 6417 to 6432 , beyond that a test of 6487 to 6512 is likely

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

July Soybeans
Recommended open BW position, long at 472
Resistance is at 471 3/4 and 477 1/2 to 478 3/4
Support should appear at 467 1/2 and 465 to 463 3/4

July Soybean Meal
Recommended open BW position, long 159.6
Support should appear 155.1 and 153.5 to 152.9
Resistance is at 156.9.to 157.6

July Soybean Oil
Support is near 1676 and 1655 to 1642.

Resistance should appear near 1696 A close over 1696 is friendly and augurs for a test of 1774 to 1780 and eventually the 1808 to 1822 region.. .

BW Traders should go long if a close over 1696 occurs..

July Corn
Recommended open BW position 204 1/2
Resistance should appear near 208 to 208 3/4
Support is at 203 1/2 and 201 1/4

July Wheat
Recommended open BW position long at 273 3/4
Support should appear at the 267 1/2 to 2661/4 region
Resistance is at the 272 3/4 to 272 1/2

The Satisfying Softs
July Cocoa
Recommended open BW position long at 2 at 1513
Resistance is at the 1529 to 1535
Support should appear near 1484 and 1459 to 1453.

July Coffee
Recommended open BW position long 2 at 5595 avg
Support is near 4925 to 4915 and 4855 to 4845.
Resistance should appear near 5035 to 5065 and 5125 to 5140.

July Sugar
Recommended open BW position long at 547
Support should appear near 539 to 534 and 523
BW Traders can buy at 524 and hold for higher prices..
Resistance should appear near 558 to 562

Trade Accordingly

July Cotton

Support should appear near 3445 to 3425 and 3380.

Resistance is at 3555 to 3565 and the 3665 to 3680 region..

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

Sunday May 12th, 2002
5:15 AM South Florida Beach Time

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.