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, Thursday February 27th, 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

Wed February 26th, 2003
4:45 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 1.5760 to 1.5690 and 1.5520
Resistance should appear near 1.5822, beyond that a test of 1.5926 is likely.. .

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 7836 to 7864 then 7939 to 7954 and the 8029 to 8044 region.
Support should appear near 7777 to 7763 and the 7689 to7675 region.

March SP500
Resistance is at 830.00 to 831.40 then 839.10 to 840.60 and 848.40 to 849.90.
Support should appear near 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 MC day trades can occur at anytime

Nasdaq Composite
Nearby Resistance is at 1304 to 1310 and 1334 to 1346
Support should appear near 1289 and the 1274 to 1268 region .

March Mini Nasdaq 100
Resistance is at 982.00 to 983.50 then 992.00 to 994.00 and the 1000 to 1005 region. .
Support is at 973.50 to 970.50 which needs to hold.. An extended trade or 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 116-07 and 116-23, beyond that a test of 117-04 is likely.
Support is at 115-23 then 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 7955 to 7935 and 7865 to 7835
Resistance should appear near the 8030 to 8045 region.. Beyond that a test of the 8120 to 8135 \
region is likely.

May Silver
Recommended Open BW Position Long 2 at 469.8 avg
Support should appear near 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 469.5 to 471.5 and 477.5 to 478.5.

The Exciting Energies

April Crude Oil
Support should appear near 3806 to 3795 then 3743 to 3734 and 3682 to 3663
Resistance should appear near 3858 to 3867 and the 3909 to 3929 region. ..

April Unleaded Gas
Support should appear near 10820 then 10680 to 10630 and 10580..Below that buyers should appear near 10470.
Resistance is at 10960 to 11010 and the 11300 to 11360 region which should cap a rally for a bit..

April Heating Oil
Resistance is at 10820 , beyond that a test of 10960 to 11010 is likely..
Support should appear near 10680 to 10630 and 10580.. Below that buyers should appear near the
10360 to 10320 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 5357 to 5342 and 5257 to 5242.
Resistance is at the 5417 to 5432 and 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 6042
Support is at 6192 to 6167 and 6117 to 6102.
Resistance is at 6257 to 6272, close over is friendly and augurs for a test of 6337 to 6352.. Above that sellers should appear near 6417 to 6432... 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 then 8682 to 8667 and 8592 to 8562.
Resistance is at 8857 to 8872 and the 8932 to 8967 region

                               - 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
Support should appear near 178.0 to 177.4 and 173.8 to 173.1
Resistance is at should appear near 180.8 to 182.2

May Soybean Oil
Recommended Open BW Position Long at 2062
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..

May CBOT Wheat
Recommended Open BW Position Long 2 at 324 1/2 avg
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 6035 to 6020 region.. Below that 5955 to 5945 should hold.
Resistance should appear near the 6115 to 6135 and 6165 to 6190

May Cocoa
Recommended Open BW Position Long at 2187
Support is at the 1996 to 1982 and 1953 to1946
Resistance should appear near 2042 and the 2080 to 2088 region

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 5805 then 5855 to 5880 and the 5945 to 5955 region

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
Wednesday February 26th, 2003
5:45 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.