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, Monday March 3rd, 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

Sunday March 2nd, 2003
4:00 AM e.s.t

The ‘Frenzied’ Forex Front

March Yen
Support should appear near 8447 then 8406 to 8391 and the 8314 to 8300 region. BW Traders can buy at 8317 for the Pull and risk a close under 8189 for three days in a row. Below that buyers should appear near 8134 to 8119 and contain a decline
Resistance should appear near 8484 to 8499 and the 8560 to 8589 region..

March Euro Currency (EC)
Recommended Open BW Position Long at 10782
Support should appear at 10785 then 10750 and 10715 .. Below that 10680 to 10630
should contain a decline
Resistance is at 10785 and 10820, beyond sellers should appear near 10890 and
the 10960 to 11010 region

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 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 848.40 to 849.90 and 856.00 to 858.90
Support should appear near 840.60 to 839.10 then 831.4 to 830.00 and the 822.30 to 819.40 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 1340 to 1346 and 1361.5
Support should appear near 1334 and 1322 .

March Mini Nasdaq 100
Resistance is at 1032 to 1036 and 1047.5 .
Support is at 1005 to 1000 and 993.50 to 992.00 .

March Ten Year T-Notes
Resistance should appear near 117-04 above that a test of 117-22 is likely.
Support is at 116-17 and 116-04

The Precious Metals

April Gold
Support should appear at the 349.3 and the 344.3 to 342.5 region. Below that buyers should appear near 338.6 to 337.7, 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 355.3 to 356.3
BW Traders should go long if a close over 356.7 occurs

May Copper
Support should appear near 7775 to 7765 and the 7690 to 7675 region
Resistance should appear near the 7835 to 7865 and the 7940 to 7955 region.

May Silver
Recommended Open BW Position Long 3 at 466 avg
Support should appear near 458.5 to 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 3623 to 3613 and the 3563 to 3553 region , which should hold ..
Resistance should appear near 3663 to 3682 , a close over is freindly and augurs for a test of 3736 to 3743 and the 3795 to 3806 region.

April Unleaded Gas
Support should appear near 11010 to 10960 and 10820
Resistance is at the 11155 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 7587 to 7602 and 7637. .
Support is at 7512 to 7487

April Lean Hogs
Support is at 5432 to 5417 and the 5357 to 5342 region.
Resistance is at 5492 to 5507. 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 2 at 6187 avg
Support is at 6272 to 6257 and 6192 to 6167.
Resistance is at 6337 to 6352.. Above that sellers should appear near 6417 to 6432.

May Pork Bellies
Support should appear at 8872 to 8857 and the 8777 to 8762 region. .
Resistance is at 8932 to 8967 and the 9042 to 9062 region

- Stay tuned for Livestock and Belly Updates -

The Grande’ Grains
May Soybeans
Recommended Open BW Position Long at 582
Resistance is at 579 1/4 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. Below that that buyers should appear near 555 3/4 to 554 3/4.. BW Traders can buy at 565 3/4 and hold for higher prices..

May Soymeal
Support should appear near 173.8 to 173.1
Resistance is at should appear near 177.4 to 178

May Soybean Oil
Recommended Open BW Position Long 2 at 2078 avg
Resistance should appear near the 2126 to 2134 region
Support should appear near 2088 to 2080

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 5880 to 5855 and 5805 to 5790
Resistance should appear near the 5945 to 5955 and 6025 to 6035

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 823 to 814 and 795 to 791.
Resistance should appear near 847 to 853 and 977 to 882

May Cotton
Recommended Open BW Position Long at 5710
Support should appear near 5805 to 5790 and 5730 to 5715
Resistance should appear near 5880 to 5855 and the 5945 to 5955 region. A close over is friendly and augurs for a test of 6020 to 6035 and the 6105 to 6115 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
Sunday March 2nd, 2003
6:00 AM, 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.