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 20th, 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

Wed March 19th, 2003
10:20 PM e.s.t

The "Frenzied’ Forex Front

June Yen
Recommended Open BW Position Long 8417
Support should appear near 8316 to 8300 and 8265
Resistance should appear near 8391 to 8407 then 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 8449 occurs

June Euro Currency (EC)
Support should appear near 10525 then 10470 and 10415
Resistance is at 10580 to 10630 and 10680

June Swiss Franc
Resistance should appear near 7242 to 7255
Support should appear near 7170 to 7143

June British Pound
Support should appear near 1.5516 and 1.5484
Resistance should appear near the 1.5626 and 1.5690 .

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

June Aussie Dollar
Support is at 5855 and 5805 to 5790
Resistance should appear near 5880 and 5912

                  The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8300 to 8314 and 8345.
Support should appear near 8223 to 8194 and 8134 to 8119

June SP500
Resistance should appear near the 876.20 to 877.70 region. Above that sellers should appear near 885.60 to 887.10
Support should appear near 868.30 to 866.80 and 858.90 to 856.00, a close under augurs for a test of 849.90 to 848.40 and 840.60 to 839.10...
** BW Traders should go Short if a close Under 866.70 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 113-23 and 114-07
Support is at 113-04 and 112-23 which 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 the7835 to 7865 region

May Silver
Nearby Support should appear near 442.5 and the 438.5 to 437 region
Resistance is at 444.5 and the 450.5 to 451.5 region.
** BW Traders should go long if a close over 445.5 occurs

                             The Exciting Energies
May Crude Oil
Support should appear near 2829 to 2820 and 2775 to 2758
Resistance is at 2874 to 2883 and 2928 to 2937

April Unleaded Gas
Support should appear near 9140 then 9040 to 9060 and 8965 to 8935
Resistance should appear near 9315 to 9345 and 9420 to 9445

April Heating Oil
Support is at 8045 to 8025 and 7955 to 7945
Resistance  8195 to 8225 the 8300 to 8315 and the 8390 to 8405 region

The Lively Livestock

April Live Cattle
Resistance should appear near 7487 to 7512 and 7587 to 7602
Support should appear near 7432 to 7417 and 7342 to 7322

April Lean Hogs
Support is at 5137 to 5127 and 5067 to 5037 .
Resistance is at the 5347 to 5357 and 5412 to 5432 .

June Lean Hogs
Recommended Open BW Position Long 2 at 6177 avg
Support should appear near 6112 to 6102 and 6037 to 6022.
Resistance is at 6192 and 6257 to 6272

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 572 3/4 and 579 1/4 to 580 1/2
Support should appear near 565 1/2 to 564

May Soymeal
Recommended Open BW Position Long at 174.5
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 173.1 to 173.8

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 5945 to 5970 and 6025 to 6035
Support should appear near 5880 to 5855 and 5805 to 5790

May Cocoa
Recommended Open BW Position Long 2054
Support is at 1996 to 1982.
Resistance should appear near 2034 to 2043

May Sugar
Recommended Open BW Position Long 785
Resistance should appear near 767 and 779
Support should appear near 738 to 735

May Cotton
Recommended Open BW Position Long at 5930
Support should appear near 5880 to 5855 and 5805 to 5790
Resistance should appear near 5945 to 5960 and 6020 to 6035.

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 19th , 2003
11:20 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.