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Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments, Thursday, May 30th, 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

Wed May 29th 2002
2:30 PM e.s.t

The ‘Frenzied’ Forex Front

June Yen
Recommended open BW position , long at 8082
Support should appear near 8044 to 8029 and 7991.
Resistance should appear near the 8119 to 8134 region.

June Euro Currency (EC)
Support should appear at 9316 and 9276.

Resistance is at 9388 and the 9429 to 9445 region.

June Swiss Franc
Recommended open BW position , long at 6377
Resistance should appear near the 6417 to 6430 region.
Support should appear near 6350 to 6337 and 6305

June British Pound
Support should appear near 1.4590 to 1.4560 and 1.4530 .
Resistance is at 1.4672 and 1.4710, a close over is friendly and augurs for a test of the 1.4840 to 1.4960 regions. ...

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

June Canadian Dollar
Support should appear at 6509 to 6483.
Resistance is at 6577 to 6591

June Aussie Dollar
Support is at 5577 to 5553 and 5504 to 5492
Resistance is at 5640 to 5653.. Above that 5716 to 5729 should Cap a sharp advance, BW traders can sell at 5714 and risk a close over 5809 for three days in a row.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9937 and 9979 . beyond that sellers should appear near 10,021 to 10,037 and 10,104 to 10,136
Support should appear near 9921, a slip under is negative and augurs for a test of the 9837 to 9821 region

June SP500
Resistance is at 1075 and 1082 then 1089.. Beyond that sellers should appear near 1096 to 1098.5 and 1101 .
Support should appear near the 1063 to 1058 region.. A close under 1058 is negative and augurs for an eventual test of 1036 to 1032.. .

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

Nasdaq Composite
Resistance is at 1642 to 1655 and 1672.
Support should appear near the 1615 to 1609 region.

June Mini Nasdaq 100
Nearby Resistance is at 1232 to 1238 and 1253.
Nearby support is at the 1203 to 1192 region

Sept 10 Year T-Note
Resistance should appear near 105-09 which should cap a rally for a bit.. Beyond that sellers should appear near 105-23
Support is at 104-23 and 104-17

Precious Metals

August Gold
recommended open BW position , long at 323.1
Support should appear at 321.3 to 319.4 and 315.7 to 314.8.

Resistance is at 327 region, and extended trade over is friendly and augurs for a test of the 331.9 to 332.8 region.

July Copper
Recommended open BW position , short at 7320
Support should appear near the 7485 and 7430 to 7415..

Resistance should appear near 7590 to 7605 and 7665 to 7685

July Silver

Support should appear near 492.5 to 491.5 and 485.5 to 484

Resistance is at 497.5 to 499 .

The Exciting Energies

July Crude Oil
recommended open BW position , long 2 at 2673
Support should appear near 2568 to 2552 and 2519 to 2511..
Resistance is at 2612 to 2620.

July Unleaded Gas
Recommended open BW position , long at 7965
Support should appear near 7605 to 7585 and the 7345 to 7325 region.

Resistance is at 7760 to 7780 and the 7835 to 7865 region. ..

July Heating Oil
Resistance is at 6590 and the 6650 to 6670 region.. Beyond that a test of 6740 to 6755 is likely.

Support should appear near 6505 to 6480 and 6430 to 6415.

The Lively Livestock

June Live Cattle
Nearby Support should appear at 6197 to 6162 and 6117 to 6102.

Resistance is at 6257 to 6272 and 6337 to 6352.

June Hogs
Support is at 4637 and 4582 to 4572
Resistance is at 4692 to 4717.

July Pork Bellies
Support should appear at 5577 to 5552 and 5507 to 5492, under that 5357 to 5342 should hold for a bit..
Resistance is at 5637 to 5652 and 5717 to 5732 .

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains
July Soybeans
Recommended open BW position , long at 493
Resistance is at 497 1/4 to 499 1/2 and the 503 1.2 to 506 3/4 region.

Support should appear at 492 3/4 to 491 1/2 under that buyers should appear near 485 3/4 to 484 1/2 ..

July Soybean Meal
Support should appear near 164.2 and 162.8 .

Resistance is at 165.5 a close over is friendly and augurs for a test of the 168.9 to 169.6 region

BW Traders should go long if a close over 165.7 occurs..

July Soybean Oil
Support is near 1794 and 1780 to 1774
Resistance should appear near 1808 to 1822 and 1858 to 1865.

July Corn
recommended open BW position , long at 208 3/4

Resistance should appear near the 212 3/4 to 214 1/2 region  a close over 213 1/2 is friendly a for a test of 221 3/4 to 222 3/4
Support is at 208 3/4 to 208 and 206 1/2 ..

BW Traders should go long if a close over 213 3/4 occurs

July Wheat
Support should appear at 275 3/4 and 272 1/2 to 271 1/2..
Resistance is at 277 1/2, beyond that a test of the 282 to 282 3/4 region is likely.

BW Traders should go long if a close over 277 3/4 occurs.

                                                 The Satisfying Softs
July Cocoa
Resistance is at 1609 to 1615

Support should appear near the 1576 to 1569 and the 1535 to 1529 region. BW Traders can buy at 1537 and risk a close under 1479 for three days in row

BW Traders should go long if a close over 1617 occurs..

July Coffee
recommended open BW position , long at 5145
Support is near 5145 to 5130 and 5065 to 5035

Resistance should appear near 5200 to 5210, however an extended trade or close over 5210 is friendly and augurs for a test of the 5340 to 5355 region

July Sugar
Support should appear near 562 to 558 and 534 and 523 Traders can buy at 536 and hold for higher prices..

Resistance should appear near 582 to 586. A close over 589 is friendly and augurs for a test of the 601 to 609 and the 630 to 634 region.

BW Traders should go long if a close over 591 occurs

July Cotton

Support should appear near 3795 and 3745 to 3735 .
Resistance is at the 3855 to 3865 region.. Beyond that a test of 3905 to 3930 is likely.

Trade Accordingly and stay tuned for updates..

A Ship in Harbor is Safe.. But that is not what ships are built for --

Happy Trading and Have a Safe Memorial Day !
Bill
bill@futurescom.com
1--561-433-2995

Wed May 29th, 2002
4:35 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.