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 April 1st 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
Monday March 31st, 2003
8:00 PM eastern standard time
The ‘Frenzied’ Forex Front
June Yen
Support should appear near 8445 and 8406 to 8391.
Resistance should appear near 8484 to 8499 and 8529
June Euro Currency (EC)
Support should appear at 10820 and 10750 .
Nearby Resistance is at 10890 then 10925 and the 10960 to 11010 region .
June Swiss Franc
Resistance should appear near the 7414 to 7428 region. Beyond that a test of 7486 to 7513 region is likely. Support should appear near 7378 and 7342 to 7328
June British Pound
Support should appear near 1.5690 and 1.5626
Resistance should appear near 15760 and 1.5842
June Canadian Dollar
Support should appear near 6755 to 6741
Resistance is at the 6809 to 6836 region .
June Aussie Dollar
Support is at 5990 and 5957 to 5945
Resistance should appear near 6023 to 6035
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 8029 to 8044 and 8119 to 8134
Support should appear near 7954 to 7939 and 7864 to 7836 .
June SP500
Resistance is at 848.40 to 849.90 and 856.00 to 858.90 .. Beyond that a test of 866.80 to 868.30 is likely..
Support should appear near 840.60 to 839.10 and the 831.40 to 830.00 region
Nasdaq Composite
Resistance is at 1346 then 1361.5 and 1377 to 1383
Support should appear near 1334 then 1322 and the 1310 to 1304 region.
March Mini Nasdaq 100
Resistance is at 1032 to 1036 and 1058 to 1068
Support is at the1005 to 1000 region. Below that a test of 993.50 to 992.00 is likely.
June Ten Year T-Notes
Resistance should appear near 115-07 and 115-22
Support is at 114-23 and114-08.
June Gold
Recommended Open BW Position Long at 336.9
Support should appear at 332.8 to 331.9 and 327 to 326.1..
Resistance is at 337.7 to 338.6 and the 342.5 to 344.3 region.
May Copper
Support should appear near 7140 and the 7090 to 7075 region
Resistance should appear near the 7245 to 7255 and the 7325 to 7345 region .
May Silver
Support should appear near 444.5 to 442.5 and 438.5 to 437.
Resistance is at 450 to 451.5
May Crude Oil
Support should appear near 3102 to 3092 and the 3045 to 3036 region
Resistance is at 3148 to 3157 and the 3194 to 3213 region
May Unleaded Gas
Support should appear near 9545 to 9525 and 9445 to 9430 under that buyers should appear near
9345 to 9315
Resistance should appear near 9625 to 9640 and the 9705 to 9740 region .
May Heating Oil
Resistance is at 7780 and the 7835 to 7865 region . Beyond that a test of 7940 to 7955 is likely.
Support should appear near 7690 to 7675 and the 7605 to 7585 region.
The Lively Livestock
June Live Cattle
Support should appear near 7007 to 6992 and the 6922 to 6907 region.
Resistance should appear near 7072 to 7087
June Lean Hogs
Recommended Open BW Position Long 3 at 6132 avg
Support is at 5807 to 5792 and the 5732 to 5717 region.
Resistance is at 5852 to 5882 region.. Beyond that a test of 5940 to 5955 is likely.
May Pork Bellies
Recommended open BW Position long at 8787
Support should appear at 8967 to 8932 , under that buyers should appear near 8877 to 8857 and
the 8777 to 8762 region.
Resistance is at 9042 to 9062 and the 9137 to 9157 region. .
Stay Tuned for Livestock Updates and Flashes
The Grande’ Grains
May Soybeans
Recommended open BW Position long at 581
Resistance is at the 5579 1/2 to 580 1/2
Support should appear near 573 to 571 3/4 and 565 1/4 to 564
May Soymeal
Nearby Support should appear near 169.6 to 168.9
Resistance is at should appear near 173.1 to 173.8
May Soybean Oil
Recommended open BW Position long at 2137
Resistance should appear near 2170 to 2185
Support should appear near 2134 to 2126 and the 2088 to 2080 region .
BW Traders should go long if a close over 2185 occurs
May Corn
Resistance should appear near 241 1/4 to 242
Support is at 235 1/2 and the 232 1/4 to 231 1/2 region
May CBOT Wheat
Support should appear at 282 3/4 to 282 and 277 1/2 to 275 3/4
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 5855 and 5805 to 5790
Resistance should appear near 5880 and the 5945 to 5955 region.
May Cocoa
Recommended Open position , long at 2054
Support is at 1953 to 1946 and 1909 to 1902
Resistance should appear near 1982 to 1996 .
May Sugar
Recommended Open position Long at 785
Support should appear near767 to 763 and 739 to 735.
Resistance should appear near 791 to 795 and 814 to 823
May Cotton
Recommended open Position Long 2 at 5835 avg
Support should appear near 5725 to 5715 and 5655 to 5640
Resistance should appear near 5790 to 5805 and the 5855 to 5880 region
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
Monday, March 31st , 2003
9:20 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.
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