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, Wed February 26th, 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

Tuesday February 25th, 2003
3:30 PM e.s.t
The ‘Frenzied’ Forex Front

March Yen
Support should appear near 8499 to 8484 and 8447
Resistance should appear near the 8560 to 8589 region.. Beyond that a trade towards 8558 to 8583 is more likely than not..

March Euro Currency (EC)
Recommended Open BW Position Long at 10782
Support should appear at 10750 and 10715
Resistance is at 10785 and 10820.

March Swiss Franc
Recommended Open BW Position Long 7372
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 1.5690 and 1.5520
Resistance should appear near 1.5760 and 1.5822 .

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 near7939 to 7954 and the 8029 to 8044 region. Beyond that sellers should appear near the 8119 to 8134
Support should appear near 7864 to 7836. However an extended trade or close under is negative and augurs for another test of 7777 to 7763 and eventually the 7689 to7675 region.

March SP500
Resistance is at 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 835.20 and 831.40 to 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 350.3 to 349.3
Resistance is at 355.3 to 356.3
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 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 3563 to 3553 and 3503 to 3493
Resistance is at 3613 to 3623 and 3663 to 3682.

April Unleaded Gas
Support should appear near 10680 to 10630 and 10580..Below that buyers should appear near 10470.
Resistance is at the 10960 to 11010 and the 11300 to 11360 region which should cap a rally for a bit..

April Heating Oil
Resistance is at 10320 to 10360 and 10470.
Support should appear near 10185 and the 9940 to 9920 region.

The Lively Livestock

April Live Cattle
Resistance should appear near 7762 to 7777 .
Support is at 7687 to 7675.

April Lean Hogs
Support is at 5257 to 5242.
Resistance is at the 5342 to 5357..

June Lean Hogs
Recommended Open BW Position Long at 2 at 6145 avg
Support is at 6117 to 6102.
Resistance is at 6167 to 6192

March Pork Bellies
Recommended Open BW Position Long at 8782
Support should appear at 8762 then 8682 to 8667 and 8592 to 8562.
Resistance is at 8777 and 8857 to 8872

- Stay tuned for Livestock and Belly Updates -

The Grande’ Grains
May Soybeans
Resistance is at 579 1/2 to 580 1/2 and 585 1/2 to 588
Support should appear near 572 3/4 to 571 1/2 and 565 1/2 to 564
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 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 the 6115 to 6105 region.. Below that 6035 to 6020 should hold.
Resistance should appear near the 6165 to 6190 and the 6335 to 6350 region.

May Cocoa
Recommended Open BW Position Long at 2187
Support is at the 1909 to 1902 and 1865 to 1858
Resistance should appear near 1946 to 1953 and 1982 to 1996

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

May Cotton
Recommended Open BW Position Long at 5710
Support should appear near the 5730 to 5715 and the 5655 to 5640 region..
Resistance is at 5790 to 5805 and 5855 to 5880

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
Tuesday February 25th, 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.