FuturesCom Investment Publications Morning Comments

Economic and Investment Trend Analysis - Socio Economics
Global Equity Markets – Foreign Exchange - Precious Metals- Bonds- Energy and Agricultural Commodities

FuturesCom Investment Publications
Morning Comments, Thursday May 16th 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 Not For Widows and Orphans

Wed May 15th, 2002
6:35 PM Eastern Standard Time

"Observation. experience , memory and mathematics--These are what a successful trader must depend on. He Must not only observe accurately but remember at all times what he has observed. He cannot bet on the unreasonable or on the unexpected, however strong his personal convictions maybe about man's unreasonableness or however certain he may feel that the unexpected happens very frequently. He must bet always on probabilities-- that is try to anticipate them. Years of practice at the game, of constant study, of always remembering, enables the trader to act when the unexpected happens as well as when the expected comes to pass. 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--

On The Frenzied Forex Front
June Yen
Recommended Open BW Position Long at 7851
Support should appear near 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 and eventually the 7939 to 7954 region is likely..

June Euro Currency (EC)
Support should appear at 9060 to 9040 and the 8964 to 8934 region.
Resistance is at the 9140 to 9156 ..an extended trade or a close over is friendly and augurs for a test of 9236 and the 9316 to 9347 region.

BW Traders should go long if a close over 9159 occurs..

June Swiss Franc
Resistance should appear near 6304 and the 6337 to 6350 region.. Beyond that sellers should appear near 6482 to 6509..

Support should appear near the 6228 and the 6190 to 6165 region ..

BW traders should go long if a close over 6353 occurs

June British Pound
Recommended Open BW Position Long at 1.4590
Support should appear near 1.4530 and 1.4472

Resistance is at 1.4590, 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 6417 and 6384.
Resistance is at 6430. 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
Support is at 5461 and the 5430 to 5417 region.
Resistance is at 5492 to 5504

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10,257 and 10,320 to 10,360 .
Support should appear near 10,183.5 and 10,136 to 10,104.

Trade accordingly .

June SP500
Recommended Open BW Position Short at 1096.00
Resistance is at 1096 to 1098.5 then 1101 and 1115.50.
Support should appear near 1089 and 1082
Stay Tuned for Updates and additional trades during the trading sessions..

Nasdaq Composite
Resistance is at 1731 to 1738 and 1754.
Support should appear near 1713.5 and 1696 to 1689

June Mini Nasdaq 100
Nearby Resistance is at 1321 and 1334 to 1346 beyond that sellers should appear near 1361.5

Support is at 1310 to 1304 a slip under is negative and augurs for a test of 1289 and the 1274 to 1268 region.

June 10 Year T-Note
Resistance should appear near 105-04 and 105-17
Support is at 104-23 and 104 -11 to 104.07

Precious Metals

June Gold
Recommended Open BW Position Long at 307.1
Support should appear at 306.8 under that 304.5. to 303.6 should hold.

Resistance is at 309.2 to 310.2 and 312.8 .

July Copper
Support should appear near 7430 to 7415 and 7345 to 7325 .
Resistance should appear near 7480 to 7505 Beyond that resistance is at 7590 to 7605

July Silver
Recommended Open BW Position Long at 467.0
Support should appear near 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 465.5 and 469.5 to 471.5

Stay tuned for Updates

The Exciting Energies

July Crude Oil
Support should appear near 2672 to 2663 and should contain a decline
Resistance is at the 2716 to 2724 and the 2758 to 2774 region.

June Unleaded Gas
Support should appear near 7835 and 7775 to 7760, under that 7690 to 7665 should hold..
Resistance is at 7940 to 7955 and 8035 to 8045 .

June Heating Oil
Resistance is at 6835 and 6905 to 6920 , beyond that 6990 to 7005 should bring out sellers.. .
Support should appear near 6755 to 6740 and 6670 to 6655

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 and 5317
Resistance is at 5417 to 5432 , beyond that a test of 5492 to 5507 is likely.

July Pork Bellies
Support should appear at 6482 and 6432 to 6417 and the 6357 to 6337 region.

Resistance is at 6577 to 6592 and the 6657 to 6672 region..

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

July Soybeans
Recommended open BW position, long at 472
Resistance is at 484 1/2 to 485 1/2
Support should appear at 478 3/4 to 477 1/2 and 471 3/43 to 469 1/2

July Soybean Meal
Recommended open BW position, long 159.6
Support should appear 162.7 then 161.5 to 160.9 and 159.5
Resistance is at 164.2 to 165.5 .. a close over is friendly and augurs for a test of
168.9 to 169,6

July Soybean Oil
Support is near 1676 and the 1655 to 1642 region.
Resistance should appear near 1689 to 1696 and 1731 to 1738.

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

July Corn
Support should appear near 213 1/2 to 212 3/4 and 208 to 208 3/4
Resistance is at 217 to 218 1/2

July Wheat
Support should appear at the 282 3/4 to 282 and 279 1/2
Resistance is at 287 1/2 to 288 1/4

The Satisfying Softs
July Cocoa
Recommended open BW position long at 1496
Resistance is at the 1569 to 1576
Support should appear near 1535 to 1529 and 1496 to 1484.

July Coffee
Recommended open BW position long at 5685
Support is near 4925 to 4910 and 4855 to 4845

Resistance should appear near 4975 to 4995 and 5035 to 5065

July Sugar
Support should appear near 582 then 573 and 562 to 559
Resistance should appear near 601 to 609

Trade Accordingly

July Cotton

Support should appear near 3565 to 3550 and 3505 to 3490.

Resistance is at 3665 to 3680 and the 3735 to 3745 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

Wed May 15th, 2002
7:45 PM 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.