FuturesCom Investment Publications Since 1989 Economic and Investment Trend Analysis Since 1979

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

FuturesCom Investment Publications
Morning Comments, Tuesday February 25th, 2003
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

Monday February 24th, 2003
3:30 PM e.s.t
The ‘Frenzied’ Forex Front

March Yen
Recommended Open BW Position Long at 8488
Support should appear near 8447 and 8406 to 8391
Resistance should appear near 8499. Beyond that a test of the 8560 to 8589 region is likely

March Euro Currency (EC)
Recommended Open BW Position Long at 3 at 10775 avg.
Support should appear at 10785 then 10750 and 10715
Resistance is at 10820, a close over is friendly and augurs for an eventual test of 10960 to 1.1010..

March Swiss Franc
Recommended Open BW Position Long 2 at 7315 avg
Resistance should appear near 7414 to 7428 .
Support should appear near 7342 to 7328 .

March British Pound
Recommended Open BW Position Long at 1.5828
Support should appear near 1.5760 to 1.5690
Resistance should appear near 1.5926 and the 1.6090 to 1.6150 region.

March Canadian Dollar
Recommended Open BW Position Long at 6707
Support should appear near 6673 to 6659
Resistance is at the 6741 to 6755 region.

March Aussie Dollar
Recommended Open BW Position Long at 6043
Support is at 6035 to 6023 and 5990.
Resistance is at 6101 to 6113

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near the 7864 then 7939 to 7954 and the 8029 to 8044 region. Beyond that sellers should appear near the 8119 to 8134
Support should appear near 7836. However an extended trade or close under is negative and augurs for a test of 7777 to 7763 and eventually the 7689 to7675 region.

March SP500
Resistance is at 839.10 to 840.60 and 848.40 to 849.90. A close over is friendly and augurs for a test of 856 to 858.90 and the 866.80 to 868.30 region .Where sellers should be evident and cap an advance for a bit …

Support should appear near 830.00 , a close under is negative and augurs for a test of 822.30 to 819.40 and the 813.40 to 811.90 region...
Traders should Stay tuned for BW SP500 Updates and Index program trades , while day trades can occur at anytime

Nasdaq Composite
Nearby Resistance is at 1334 to 1346 and 1361.5
Support should appear near 1310 to 1304 ..

March Mini Nasdaq 100
Resistance is at 1000 to 1005 then 1032 to 1036 and 1058 to 1068 .

Support is at 994.00 to 992.00 . Under that 963.50 to 970.50 needs to hold.. A close under augurs for a test of 944.50 to 993.00 and eventually the 935.00 to 931.50 region.. which should contain a decline for a bit..

March Ten Year T-Notes
Resistance should appear near the 115-23.. Above that sellers should appear 116-07..
Support is at 115-07 and 114-23

The Precious Metals

April Gold
Support should appear at 355.3 then 350.3 to 349.3
Resistance is at 361.3 to 362.3
BW Traders should go long if a close over 356.7 occurs

May Copper
Support should appear near 7865 to 7835 and 7775 to 7760
Resistance should appear near 7935 to 7955 and the 8030 to 8045 region

May Silver
Recommended Open BW Position Long 2 at 469.8 avg
Support should appear near 471.5 to 469.5 and 465 to 463.5 . Below that buyers should appear near 458.5 to 457 and the 451.5 to 450.5 region. BW Traders can buy at 458.5 and risk a close under 449 for three days in a row.
Resistance is at 477.5 to 478.5. Beyond that sellers should appear near 84.5 to 485.5

The Exciting Energies

April Crude Oil
Support should appear near 3623 to 3613 and 3563 to 3553..
Resistance is at 3663 to 3682 and the 3736 to 3743 region..

April Unleaded Gas
Support should appear near 11010 to 10960 and 10820

Resistance is at the 11300 to 11360 region which should cap a rally for a bit.. Beyond that sellers should appear near 11640 to 11690 and the 11920 to 12030 region...

April Heating Oil
Resistance is at 10470 then 10580 to 10630 and 10680. Beyond that 10820 should cap the rally.. ..
Support should appear near 10360 to 10320 and 10185 .

April Natural Gas
Resistance is at 7.763 to 7.777 and 7.836 to 7.864 , beyond that sellers should appear near 8029 to 8044
Support is at 7.513 to 7.486 and 7.428 to 7.414 . Below that 7.170 to 7.143 should hold.

The Lively Livestock

April Live Cattle
Resistance should appear near 7837 to 7867 , beyond that sellers should appear near the 7937 region. .
Support is at 7777 to 7762 and 7687 to 7675.

April Lean Hogs
Support is at 5417 then 5342 to 5357 and 5257 to 5242.
Resistance is at the 5492 to 5507 region Beyond that sellers should appear near 5552 to 5577 ..
BW Traders can sell at 5547 and hold for lower prices..

June Lean Hogs
Recommended Open BW Position Long at 2 at 6145 avg
Support is at 6192 to 6167 and the 6117 to 6102 region.
Resistance is at 6257 to 6272, close over is friendly and augurs for a test of 6337 to 6352....
BW Traders should go long if a close over 6277 occurs..

March Pork Bellies
Recommended Open BW Position Long at 8782
Support should appear at 8777 to 8762 and 8682 to 8667.
Resistance is at 8857 to 8872 and 8937 to 8967

- Stay tuned for Livestock and Belly Updates -

The Grande’ Grains
March Soybeans
Recommended Open BW Position Long at 572
May Soybeans
Resistance is at 571 3/4 to 572 1/4 and 579 1/2 to 580 1/2
Support should appear near 565 1/2 to 564. Below that that buyers should appear near
555 3/4 to 554 3/4.. BW Traders can buy at 565 ¾ and hold for higher prices..

BW Traders should go long if a close over 581 ¼ occurs.

May Soymeal
Recommended Open BW Position Long at 174.5
Support should appear near 173.8 to 173.1 and the169.6 to 168.9 region.
BW Traders can buy at 169.7 and risk a close under 163.9 for three days in a row..
Resistance is at should appear near the 177.4 to 178.0 region…

March Soybean Oil
Recommended Open BW Position Long 2 at 2026 avg
May Soybean Oil
Resistance should appear near 2080 to 2088
Support should appear near the 2042 to 2034 and the 1996 to 1982 region
BW Traders should go long if a close over 2091 occurs.

May Corn
Resistance should appear near 235 1/2 to 237
Support is at 232 1/4 to 231 1/2 and the 227 1/2 to 226 3/4 region..

March CBOT Wheat
Recommended Open BW Position Long at 327 1/2
May CBOT Wheat
Recommended Open BW Position Long at 327 1/4
Support should appear at 321 1/2 to 319 1/2 Under that buyers should appear near 315 3/4 to 314 3/4 Resistance is at 326 1/4 to 327 and 331 3/4 to 332 3/4.
BW Traders should go long if a close over 333 occurs.

The Satisfying Softs
May the ‘ Monster’ Coffee
Recommended Open BW Position Long at 6680
Support is near 6190 to 6165 and the 6115 to 6105 region.. Below that 6035 to 6020 should hold.
Resistance should appear near the 6335 to 6350 and 6415 to 6430

May Cocoa
Recommended Open BW Position Long at 2187
Support is at the 2088 to 2080 and 2042 to 2034.
Resistance should appear near 2126 to 2134 , beyond that test of 2170 to 2185 is likely..

May Sugar
Recommended Open BW Position Long 2 at 843 avg
Support should appear near 823 to 814 and 795 to 791.
Resistance should appear near 847 to 852

May Cotton
Recommended Open BW Position Long at 5710
Support should appear near the 5655 to 5640 region. Below that buyers should appear near
5580 to 5555 and the 5505 to 5490 region which should hold.. .
Resistance is at 5715 to 5730 and 5790 to 5805

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

Happy Trading!
Bill
wil@futurescom.com
1-561-433-2995
Monday February 24th, 2003
4:30 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.