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, Wed March 19th, 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

Tuesday March 18th, 2003
2:30 PM e.s.t

The "Frenzied’ Forex Front

June Yen
Recommended Open BW Position Long 8417
Support should appear near 8406 to 8391
Resistance should appear near 8445 and 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 7255 and 7328 to 7342
Support should appear near 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 6741 and 6673 to 6659
Resistance is at 6755 and 6783

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 8194 to 8223 and the 8300 to 8314 region.
Support should appear near 8134 to 8119 and 8044 to 8029

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 855.90 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 114-07 then 114-23 and 115-07
Support is at 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 7605 to 7585 and 7515 to 7485
Resistance should appear near 7675 to 7690 and 7760 to 7780

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 2937 to 2928 and 2883 to 2874
Resistance is at 3036 to 3045 and 3092 to 3102

April Unleaded Gas
Support should appear near 9345 to 9315 and 9155 to 9140
Resistance should appear near 9920 to 9935 and 10105 to 10135

April Heating Oil
Support is at 8315 to 8300 and 8045 to 8025
Resistance 8760 to 8775 and 9040 to 9060

The Lively Livestock

April Live Cattle
Resistance should appear near 7417 to 7427 and 7487 to 7512
Support should appear near 7342 to 7322 and 7257 to 7242

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

June Lean Hogs
Recommended Open BW Position Long 2 at 6177 avg
Support should appear near the 6037 to 6022 region.
Resistance is at 6102 to 6112 and the 6162 to 6192 region.

May Pork Bellies
Support should appear at 9062 to 9042 and 8872 to 8857 ..
Resistance is at 9140 to 9157 and the 9317 to 9347 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 579 1/4 to 580 1/2
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
Support should appear near 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 173.8 and 177.4 to 178.0

May Soybean Oil
Resistance should appear near 2126 to 2134
Support should appear near 2088 to 2080 and 2061

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
Resistance should appear near 5880 and 5945 to 5970
Support should appear near 5805 to 5790 and 5725 to 5715

May Cocoa
Recommended Open BW Position Long 2054
Support is at 2042 to 2036 and 1996 to 1982.
Resistance should appear near 2080 to 2088 and 2126 to 2134

May Sugar
Recommended Open BW Position Long 785
Resistance should appear near 763 to 767 .
Support should appear near 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

Tuesday March 18th , 2003
3:20 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.