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 26th, 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 25th, 2003
3:45 PM eastern standard time

The ‘Frenzied’ Forex Front

June Yen
Recommended open BW Position long 2 at 8382 avg
Support should appear near 8314 to 8300 and the 8223 to 8194 region.
Resistance should appear near 8391 to 8406 and the 8484 to 8499 region

June Euro Currency (EC)
Support should appear at 10580 and 10525 , below that buyers shold appear near 10470 and the 10360 to 10320 region. Below that buyers should appear near 10185 BW Traders can buy at 10475 and hold for higher prices..
Resistance is at 10630 and 10680, a close over is friendly and augurs for an eventual test of 10750 and the 10820 region .

June Swiss Franc
Recommended open BW Position long at 7238
Resistance should appear near 7242 to 7255. . Beyond that sellers should appear near the 7328 to 7342 and the 7414 to 7428 region
Support should appear near 7207 then 7170 to 7143 and 7088 to 7074 ..BW Traders can buy at 7092 and hold for higher prices..

June British Pound
Recommended open BW Position long at 1.5656
Support should appear near 1.5626 and 1.5516
Resistance should appear near 1.5690 to 1.5760 region. Beyond that a test of 1.6090 to 1.6150 is likely..

June Canadian Dollar
Recommended open BW Position long at 6726
Support should appear near 6707 then 6673 to 6659 and 6591 to 6577. BW Traders can buy at 6594 and risk a close under 6567 for three days in a row.
Resistance is at 6755 and the 6809 to 6836 region .

June Aussie Dollar
Recommended open BW Position long at 5901
Support is at 5880 to 5855 and 5805 to 5792 . BW Traders can buy at 5809 and risk a close under 5787 for three days in a row .. Under that buyers should appear near 5729 to 5716.
Resistance should appear near 5945 to 5957 and the 6023 to 6035 region..

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near the 8300 to 8314 and 8391 to 8406
Support should appear near 8223 to 8194, below that support is at the 8134 to 8119 region. ..

June SP500
Resistance is at 876.20 to 877.70 and the 885.60 to 887.10 region
Support should appear near 868.30 to 866.80 and 858.90 to 856

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

March Mini Nasdaq 100
Resistance is at 1068 then 1082 and the 1096 to 1101
Support is at the 1058 and the 1036 to 1032 region

June Ten Year T-Notes
Resistance should appear near 113-23 and 114-07
Support is at 113-07 and 112-23 .

The Precious Metals

June Gold
Support should appear at 327 to 326.1 and the 321.3 to 319.4 region, which should hold..
Resistance is at 331.9 to 332.8 . A close over is friendly and augurs for a test of 342.5 to 344.3 .
BW Traders should go long if a close over 332.9 occurs

May Copper
Support should appear near 7690 to 7675., a close under is negative and augurs for a test of 7605 to 7590 and the 7515 to 7485 region
Resistance should appear near the 7760 to 7780 and the 7835 to 7865 region.

May Silver
Support should appear near 4389 to 437 and 431.5 to 430.5 .
Resistance is at 442.5 to 444.5 and 450 to 451.5

The Exciting Energies

May Crude Oil
Support should appear near 2775 to 2758 and the 2724 to 2716 region
Resistance is at 2820 to 2829 then 2874 to 2883 and the 2928 to 2937 region.

May Unleaded Gas
Support should appear near 8765 and 8500 to 8485, below that 8315 to 8300 should contain a decline. .
Resistance should appear near 9045 to 9060 ..Beyond that sellers should appear near 9315 to 9345 .

May Heating Oil
Resistance is at 7140 to 7170 and 7325 to 7345.
Support should appear near 7090 to 7075 and the 7005 to 6990 region

The Lively Livestock

June Live Cattle
Recommended open BW Position long at 6955
Support should appear near 6992 and 6922 to 6907
Resistance is at 7007.. Beyond that sellers should appear near 7072 to 7087

April Lean Hogs
Support is at 5142 to 5127. Below that support should appear near 5067 to 5037
Resistance is at 5197 to 5212 and 5257 to 5282.

June Lean Hogs
Recommended Open BW Position Long 3 at 6132 avg
Support is at 5852 and 5807 to 5792
Resistance is at 5942 to 5957.

May Pork Bellies
Support should appear at the 8932. Below that buyers should appear near 8872 to 8857 and 8777 to 8762 region BW Traders who sleep on a bed of nails can buy at 8787 for a bounce and risk a close under 8557 for three days in a row.. .

Resistance is at 9042 to 9057 and the 9137 and the 9157 region . ..

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains
May Soybeans
Recommended open BW Position long at 573 3/4
Resistance is at the 579 1/4 to 580 1/2 region.
Support should appear near the 573 1/2 to 571 3/4 and 565 1/2 to 564
BW Traders should go long if a close over 580 ¾ occurs

May Soymeal
Recommended open BW Position long at 169.9
Nearby Support should appear near 169.6 to 168.9 and 165.5 to 164.2
Resistance is at should appear near the 173.1 to 173.8

May Soybean Oil
Recommended open BW Position long at 2137
Resistance should appear near 2134 and 2161
Support should appear near 2088 to 2080 should hold.
BW Traders should go long if a close over 2185 occurs

May Corn
Resistance should appear near 231 1/2 to 232 3/4
Support is at 227 3/4 to 226 3/4

May CBOT Wheat
Recommended open BW Position long at 282 3/4
Support should appear at the 277 1/2 to 275 3/4 region.
Resistance is at 282 to 282 3/4 and 287 1/2 to 288 3/4
BW Traders should go long if a close over 289 occurs.

The Satisfying Softs

May the ‘ Monster’ Coffee
Recommended Open Position Long at 5890
Support is near 5805 to 5790 and the 5730 to 5715 region.
Resistance should appear near 5855 to 5880

May Cocoa
Recommended Open position , long at 2054
Support is at 1909 to 1902 and the 1865 to 1858 region.
Resistance should appear near 1946 to 1953 ..

May Sugar
Recommended Open position Long at 785
Support should appear near 767 to 763 then 739 to 735 and the 712 to 704 region .
Resistance should appear near 791 to 795 and 814 to 823, a close over augurs for a test 847 to 852.

BW Traders should go long if a close over 797 occurs

May Cotton
Recommended open Position Long 2 at 5835 avg
Support should appear near the 5730 to 5715 and 5655 to 5640. Under that buyers should appear near 5580 to 5555 and the 5505 to 5490 region, which should hold.
Resistance should appear near 5790 to 5805 and 5855 to 5880

BW Traders should go long if a close over 5890 occurs.

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

Tuesday March 25th, 2003
4:45 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.