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, Tuesday March 18th, 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.”

Monday March 17th, 2003
2:30 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 10580 and10470.
Resistance is at 10630 to 10680.
**BW Traders should go long if a close over 10634 occurs.

June Swiss Franc
Resistance should appear near 7328 to 7342
Support should appear near 7255 to 7242 and 7206
**BW Traders should go long if a close over 7259 occurs.

June British Pound
Recommended Open BW Position Long 1.5772
Support should appear near 1.5516
Resistance should appear near the 1.5626 and 1.5690 .
** BW Traders should go long if a close over 1.5758 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 5880 to 5855 and 5805 to 5790
Resistance should appear near 5912 and 5945 to 5957

                  The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near the 8119 to 8134 region.. Beyond that resistance should appear near 8194 to 8223 and the 8300 to 8314 region.
Support should appear near 8044 to 8029 and 7991

June SP500
Resistance should appear near 866.80 to 868.30 and the 876.20 to 877.70 region. Above that sellers should appear near 885.60 to 887.10

Support should appear near 858.90 to 856.00 then 849.90 to 848.40 and 840.60 to 839.10 , a close under augurs for a test of 831.40 to 830.00 and the 822.30 to 819.40 region...

** BW Traders should go Short if a close Under 848.40 occurs .

Nasdaq Composite
Resistance is at 1399 and 1415 to 1421
Support should appear near 1383 to 1377 and 1361.5

June Mini Nasdaq 100
Resistance is at 1082.00 and the 1096.00 to 1101.00 region
Support should appear near 1068.00 to 1058.00 and 1036.00 to 1032.00

June Ten Year T-Notes
Resistance should appear near 114-23 and 115-07
Support is at 114-07 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 7690 to 7675 and 7605 to 7585
Resistance should appear near 7760 to 7780 and 7835 to 7865

May Silver
Nearby Support should appear near 444.5 to 442.5
Resistance is at 450.5 to 451.5 and 457 to 458.5

** BW Traders should go long if a close over 451.5 occurs

The Exciting Energies

May Crude Oil
Support should appear near 3213 to 3194 and 3157 to 3148
Resistance is at 3261 to 3270 and 3319 to 3328

April Unleaded Gas
Support should appear near 10185 and 10050 to 10000
Resistance should appear near 10320 to 10360 and 10470.

April Heating Oil
Support is at 9155 to 9140 and 9060 to 9040
Resistance should appear near 9345 to 9315 and 9155 to 9140

The Lively Livestock

April Live Cattle
Resistance should appear near 7345 and 7415 to 7430
Support should appear near 7325 and 7255 to 7240

April Lean Hogs
Support is at 5067 to 5037 and 4997 to 4972 .
Resistance is at 5127 to 5137 and the 5202 to 5212 region.

June Lean Hogs
Recommended Open BW Position Long at 6332
Support should appear near the 6037 to 6022 region. Below that 5957 to 5942 should hold.
BW Traders can buy at 6042 for the pull and hold for higher prices..

Resistance is at 6102 to 6112 and the 6162 to 6192 region.

May Pork Bellies
Support should appear at 8872 to 8856 and the 8777 to 8762 region .. ..
Resistance is at 9042 to 9062 and the 9140 to 9157 region.

- 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 571 3/4 to 572 3/4 and the 579 1/4 to 580 1/2 region.
Support should appear near 565 1/2 to 564

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

May Soybean Oil
Recommended Open BW Position Long at 2094
Resistance should appear near 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 231 1/2 to 232 1/4
Support is at 227 1/2 to 226 3/4

May CBOT Wheat
Support should appear at 292 3/4 and 288 1/4 to 287 1/2
Resistance is at 297 1/4 to 299

** BW Traders should go long if a close over 299 3/4 occurs.

The Satisfying Softs

May the ‘ Monster’ Coffee
Recommended Open BW Position Long 2 at 6020 avg
Support is near 5730 to 5715 and 5655 to 5645
Resistance should appear near 5790 to 5805

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

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

Monday March 17th , 2003
3:30 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.