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 March 6th, 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

Observation, experience , memory and mathematics--These are what a successful trader must depend on. A man can have great mathematical ability and unusual power of accurate observation and yet fail in speculation unless he also possesses the experience and memory.
-Reminiscences of a Stock operator-

Wed March 5th, 2003
10:15 PM e.s.t

The ‘Frenzied’ Forex Front

--We will roll analysis to June for the Forex markets this weekend ----

March Yen
Support should appear near 8499 to 8484 then 8447 and the 8406 to 8391 region.
Resistance should appear near and the 8560 to 8589 region..

March Euro Currency (EC)
Support should appear at 10960 then 10890 and 10820
Resistance is at 11010 then 11082 and 11155

March Swiss Franc
Recommended Open BW Position Long 7372
Resistance should appear near 7549 then 7587 to 7601 and the 7763 to 7777 region.
BW Traders can sell at 7758 and risk a close over 7782 for three days in a row…
Support should appear near 7513 to 7486 and 7457.

March British Pound
Support should appear near 1.5926 then 1.5822 and 1.5760 to 1.5726
Resistance should appear near 1.6004 and the 160.90 to 161.50 region

March Canadian Dollar
Support should appear near 6781 and 6755 to 6741
Resistance is at 6809 to 6836

March Aussie Dollar
Support is at 6113 to 6101 and 6035 to 6023
Resistance is at 6165 to 6190

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 7777 and 7836 to 7864, beyond that sellers should appear near
7939 to 7954
Support should appear near 7763 then 7689 to7675 and the 7601 to 7587 region

March SP500
Resistance is at 830 to 831.4 and 839.10 to 840.60 , beyond that sellers should appear near
848.40 to 849.90
Support should appear near 822.3 to 819.40 and the 813.40 to 811.90 region .. Below that a test of
804.40 to 802.90 is likely.
.
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 1322 and the 1334 to 1346 region
Support should appear near 1310 to 1304 and 1289

March Mini Nasdaq 100
Resistance is at 992.00 to 993.50 then 1000.00 to1005.00 and the 1032 to 1036 region .
Support is at 984.00 to 982.00 then 973.50 to 970.50 and 964.5 to 962.50.

June Ten Year T-Notes
Resistance should appear near 116-07 and 116-23 .
Support is at 115-23 then 115-17 and 115-04

The Precious Metals

April Gold
Support should appear at the 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 7605 to 7585
Resistance should appear near 7675 to 7690 and 7765 to 7780 .

May Silver
Recommended Open BW Position Long 2 at 466 avg
Support should appear near 463.5 and the 458.5 to 457 region.
Resistance is at 469.5 to 471.5 and the 477.5 to 478.5 region

The Exciting Energies

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

April Unleaded Gas
Support should appear near 11010 to 10960 and 10820 .
Resistance is at 11155 and the 11300 to 11360 region which should cap a rally for a bit..

April Heating Oil
Resistance is at 10470 then 10580 to 10630 and 10680
Support should appear near 10360 to 10320 and 10185

The Lively Livestock

April Live Cattle
Resistance should appear near 7487 to 7512 and the 7587 to 7602 region. .
Support is at the 7427 to 7412 region

April Lean Hogs
Support is at 5257 and 5212 to 5197 .
Resistance is at 5287 and 5342 to 5357
.
June Lean Hogs
Recommended Open BW Position Long 2 at 6187 avg
Support is at 6162 and the 6117 to 6102 region
Resistance is at 6192 and 6257 to 6272

May Pork Bellies
Support should appear at 8592 to 8562 and the 8502 to 8482 region.
Resistance is at 8667 to 8682 and the 8762 to 8777 region

                               - Stay tuned for Livestock and Belly Updates -

                             The Grande’ Grains
May Soybeans
Recommended Open BW Position Long 2 at 574 avg
Resistance is at 571 1/2 to 572 3/4 and 579 1/4 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..

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 2080 to 2088
Support should appear near 2042 to 2034

May Corn
Resistance should appear near 237 and 241 1/'4 to 242
Support is at 235 1/2 and 232 1/4 to 231 1/2.

May CBOT Wheat
Recommended Open BW Position Long at 321 1/2
Support should appear at 310 1/4 to 309 1/4 and the 304 1/2 to 303 3/4 region
Resistance is at 314 3/4 to 315 1/2 and 319 1/2 to 321 1/4
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 6035 to 6020 and the 5955 to 5945 region
Resistance should appear near the 6100 to 6115 region , beyond that a test of 6165 to 6190 is likely

May Cocoa
Recommended Open BW Position Long at 2187
Support is at the 1996 to 1982 and 1953 to 1946
Resistance should appear near 2034 to 2042 and 2080 to 2088

May Sugar
Recommended Open BW Position Long at 827
Support should appear near 795 to 791.
Resistance should appear near 814 to 823

May Cotton
Support should appear near 5730 to 5715 and 5655 to 5640
Resistance should appear near 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
Wed March 5th, 2003
11:10 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.