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, Friday February 28th, 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

Thursday February 27th, 2003
3:05 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 7939 to 7954 and the 8029 to 8044 region.
Support should appear near 7864 to 7836 then 7777 to 7763 and the 7689 to7675 region.

March SP500
Resistance is at 839.10 to 840.60 then 848.40 to 849.90 and 856.00 to 858.90
Support should appear near 831.4 to 830.00 then 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 1334 to 1346 and 1361.5
Support should appear near 1310 to 1304 then 1289 and the 1274 to 1268 region .

March Mini Nasdaq 100
Resistance is at 1000 to 1005 and the 1032 to 1036 region .
Support is at 983.50 to 982.0 and 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 116-23, beyond that a test of 117-04 is likely.
Support is at 116-04 then115-23 and 115-07

The Precious Metals

April Gold
Support should appear at the 338.6 to 337.7 region, which should hold..BW Traders who have ice water in their veins can buy at 337.8 and hold for higher prices.. Below that buyers should appear near 332.8 to 331.9
Resistance is at 349.3 to 350.3 and 355.3 to 356.3
BW Traders should go long if a close over 356.7 occurs

May Copper
Support should appear near 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 3 at 466 avg
Support should appear near 457 and the 451.5 to 450.5 region.
Resistance is at 463.5 to 465 and 469.5 to 471.5.

The Exciting Energies

April Crude Oil
Support should appear near 3682 to 3663 and the 3623 to 3613 region
Resistance should appear near 3736 to 3743 and 3795 to 3806. ..

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 10630 to 10680 and 10820 , beyond that a test of 10960 to 11010 is likely..
Support should appear near 10580.. Below that buyers should appear near the 10360 to 10320 region.

The Lively Livestock

April Live Cattle
Resistance should appear near 7672 to 7687.
Support is at 7587 and 76512 to 7487

April Lean Hogs
Support is at 5257 to 5242.
Resistance is at the 5342 to 5357 then 5417 to 5432 and the 5492 to 5507 region

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
Recommended Open BW Position Long at 582
Resistance is at 585 1/2 to 588
Support should appear near 580 1/2 to 570 1/4 and 572 3/4 to 571 1/2

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 the 2126 to 2134 region
Support should appear near 2080 and the 2042 to 2034 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 309 1/'4 and 304 1/2 to 303 3/4
Resistance is at 314 3/4 to 315 3./4

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 5655 to 5640 and the 5575 to 5555 region .
Resistance is at 5715 to 5725 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
Thursday February 27th, 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.