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 17th, 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

“A lot of people approach risk as if it’s the enemy, when it’s really fortunes accomplice.”

Saturday March 15th, 2003
2:00 PM e.s.t

The "Frenzied’ Forex Front

June Yen
Support should appear near 8445 and 8406 to 8391 BW Traders can buy at 8417 for the Pull and risk a close under 8296 for three days in a row.
Resistance should appear near 8484 to 8499 . A close over is friendly and augurs for a test of 8560 to 8589
** BW Traders should go long if a close over 8501 occurs

June Euro Currency (EC)
Support should appear near 10680 and the 10630 to 10580 region , which should contain a decline for a bit ..
Resistance is at 10715 then 10750 and 10785 to 10820.

**BW Traders should go long if a close over 10719 occurs.

June Swiss Franc
Resistance should appear near 7342 then 7378 and 7414 to 7428
Support should appear near 7328 and the 7255 to 7242 region

**BW Traders should go long if a close over 7347 occurs.

June British Pound
Recommended Open BW Position Long 1.5772
Support should appear near 1.5726 to 1.5690 then 1.5626 and 1.5516
Resistance should appear near the 1.5760 1.5926 and 1.6002 .
** BW Traders should go long if a close over 1.5926 occurs.

June Canadian Dollar
Support should appear near the 6673 to 6659 region
Resistance is at 6741 to 6755

June Aussie Dollar
Recommended Open BW Position Long at 5929
Support is at 5912 and 5880 to 5855.
Resistance should appear near 5945 to 5957

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 7864 and the 7939 to 7954 region. Above that sellers should appear near 8029 to 8044 and the 8119 to 8134 region.. Beyond that resistance should appear near 8194 to 8223 and the 8300 to 8314 region.
Support should appear near 7859 then 7777 to 7763 and 7689 to7675

June SP500
Resistance should appear near 839.10 to 840.60 A close over is friendly and augurs for a test of 848.40 to 849.90 and the 856 to 858.90 region .Where sellers should be evident and cap an advance for a bit … Beyond that a test of 866.80 to 868.30 and the 876.20 to 877.70 region is likely …Above that sellers should appear near 885.60 to 887.10

Support should appear near 831.40 to 830.00 , a close under augurs for a test of 822.30 to 819.40 and the 813.40 to 811.90 region... An extended trade under 811.90 is negative and augurs for a test of 804.40 to 802.90 and eventually the 795.40 to 793.90 region…

** BW Traders should go Short if a close Under 829.90 occurs .

Nasdaq Composite
Resistance is at 1346 and 1361.5
Support should appear near 1334 and 1322

June Ten Year T-Notes
Resistance should appear near 115-22 and 116-04
Support is at 114-23 then 14-07 and 113-23, which should contain a decline for a bit… Under that 113-07 should hold.

The Precious Metals

April Gold
Recommended Open BW Position Long 2 at 347.3
Support should appear at 332.8 to 331.9 and 327 to 326.1
Resistance is at 337.7 to 338.6 and 342.5 to 344.3

May Copper
Support should appear near 7515 to 7485 and 7430 to 7415
Resistance should appear near 7585 to 7605 and 7675 to 7690

May Silver
Nearby Support should appear near the 451.5 to 450.5 region.
Resistance is at 457 to 458.5 and 463.5 to 465

** BW Traders should go long if a close over 459 occurs

The Exciting Energies

May Crude Oil
Support should appear near 3328 to 3319 and 3270 to 3261
Resistance is at 3377 to 3386 and 3425 to 3443 .

April Unleaded Gas
Support should appear near 10360 to 10320 and 10185
Resistance should appear near 10470 to 10580 to 10630 and 10680.

April Heating Oil
Resistance is at 9425 to 9445 and 9525 to 9540
Support should appear near 9345 to 9315 and 9155 to 9140

The Lively Livestock

April Live Cattle
Resistance should appear near 7485 to 7515 and the 7587 to 7602 region
Support should appear near the .7432 to 7417 and 7345 to 7325

April Lean Hogs
Support is at 5282 to 5257 and the 5212 to 5192 region.
Resistance is at 5342 to 5357 and the 5417 to 5432 region.

June Lean Hogs
Recommended Open BW Position Long at 6332
Support is at 6192 to 6162 and 6117 to 6102..
Resistance is at 6257 to 6272, close over is friendly and augurs for a test of 6337 to 6352..
BW Traders should go long if a close over 6277 occurs..

May Pork Bellies
Support should appear at the 9062 to 9042 and the 8967 to 8937 region
Resistance is at 9140 to 9157 and 9237 .

- Stay tuned for Livestock and Belly Updates -

The Grande’ Grains
May Soybeans
Recommended Open BW Position Long at 575 1/4
Resistance is at the 579 1/4 to 580 1/2 region.
Support should appear near 572 3/4 to 571 3/4 and 565 1/2 to 564

May Soymeal
Recommended Open BW Position Long at 174.5
Nearby Support should appear near 173.8 to 173.1 and the 169.6 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…

May Soybean Oil
Recommended Open BW Position Long at 2094
Resistance should appear near 2080 to 2088, a close over is freindly and augurs for a test of
2126 to 2134
Support should appear near 2061 and the 2042 to 2034 region.

May Corn
Resistance should appear near 235 1/2 to 237 1/2
Support is at 232 1/4 to 231 1/2

May CBOT Wheat
Support should appear at 299 to 2971/4 and 293 3/4 to 292 3/4
Resistance is at 303 3/4 to 304 1/2 and 309 1/4 to 310 1/4.
BW Traders should go long if a close over 304 3/4 occurs.

The Satisfying Softs

May the ‘ Monster’ Coffee
Recommended Open BW Position Long 2 at 6020 avg
Support is near 5955 to 5945 and 5880 to 5855
Resistance should appear near 6025 to 6035 and the 6105 to 6115 region

May Cocoa
Support is at 1982 and 1953 to 1946.
Resistance should appear near 1996 and 2034 to 2042
BW Traders should go long if a close over 2047 occurs.

May Sugar
Recommended Open BW Position Long 785
Support should appear near 791 to 795 and 814 to 823 .
Resistance should appear near 767 to 763 and 738 to 735

May Cotton
Recommended Open BW Position Long at 5930
Support should appear near 5955 to 5945 and 5880 to 5855 and 5805 to 5790
Resistance should appear near 6020 to 6035,m beyond that a test of 6100 to 6115 is likely.

Ship in Harbor is Safe.. But that is not what ships are built for –

Happy Trading!
Bill
wil@futurescom.com

1-561-433-2995
Satu4rday March 15th , 2003
3:15 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.