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, Friday March 28th, 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

Thursdays March 27th, 2003
6:15 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)
Recommended open BW Position long at 10652
Support should appear at 10630 and 10580, below that buyers shold appear near 10525 .
Resistance is at 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 7255 and 7291
Support should appear near 7242 and 7207.

June British Pound
Recommended open BW Position long at 1.5656
Support should appear near 1.5516 and 1.5350 to 1.5290
Resistance should appear near 1.5586 and 1.5626

June Canadian Dollar
Support should appear near 6755 to 6741
Resistance is at the 6809 to 6836 region .

June Aussie Dollar
Support is at 5945 and 5912
Resistance should appear near 5990 and 6023 to 6035

                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 1058 and the 1036 to 1032 region

June Ten Year T-Notes
Resistance should appear near 114-07 and 114-22
Support is at 113-21 and 113-07.

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 the 7170 to 7140 and the 7090 to 7075 region
Resistance should appear near the 7325 to 7345 and 7415 to 7430 .

May Silver
Support should appear near 438.5 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 3045 to 3036 and 2990 to 2972
Resistance is at 3092 to 3102 and 3148 to 3157

May Unleaded Gas
Support should appear near 9550 to 9525 then 9735 to 9705 and 9155 to 9140
Resistance should appear near 9920 to 9935 and 10020 to 10030 .

May Heating Oil
Resistance is at 8030 to 8045 and 8300 to 8315
Support should appear near 7605 to 7585 and 7430 to 7415

The Lively Livestock

June Live Cattle
Support should appear near 6922 to 6907
Resistance is at 6992 to 7007.. Beyond that sellers should appear near 7072 to 7087

June Lean Hogs
Recommended Open BW Position Long 3 at 6132 avg
Support is at 5732 to 5717 and 5652 to 5637
Resistance is at 5792 to 5807 and 5852 to 5882

May Pork Bellies
Recommended open BW Position long at 8787
Support should appear at 8777 to 8762 and 8682 to 8667.
Resistance is at 8857 to 8877 and the 8932 to 8967 region .

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains
May Soybeans
Recommended open BW Position long at 581
Resistance is at the 585 1/2 to 588 and 594 1/2 to 595 3/4
Support should appear near 579 1/2 and 573 to 571 3/4

May Soymeal
Nearby Support should appear near 173.1 and 169.6 to 168.9
Resistance is at should appear near the 177.4 to 178.8 region

May Soybean Oil
Recommended open BW Position long at 2137
Resistance should appear near 2134 and 2170 to 2185
Support should appear near 2088 to 2080 and 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
Support should appear at 282 3/4 to 282 and the 277 1/2 to 275 3/4 region.
Resistance is at 287 1/2 to 288 3/4 and the 292 3/4 to 293 3/4 region
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 5655 to 5640 and 5575 to 5555
Resistance should appear near 5730 and 5790 to 5805

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 739 to 735.
Resistance should appear near 763 to 767.

May Cotton
Recommended open Position Long 2 at 5835 avg
Support should appear near 5580 to 5555 and the 5505 to 5490 region, which should hold.
Resistance should appear near 5640 to 5655 and 5715 to 5725 .
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
Thursday, March 27th, 2003
7:10 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.