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 April 3rd 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
Wednesday April 2nd, 2003
10:30 PM eastern standard time
The ‘Frenzied’ Forex Front
June Yen
Support should appear near n 8445 and 8406 to 8391.
Resistance should appear near 8499 then 8529 and 8560 to 8589
June Euro Currency (EC)
Support should appear at 10750 then 10715 and 10680
Nearby Resistance is at 10785 and 10820 .
June Swiss Franc
Resistance should appear near 7291 and the 7328 to 7342 region .
Support should appear near 7255 to 7242 and 7206
June British Pound
Support should appear near 1.5520 and 1.5360 to 1.5290
Resistance should appear near 15626 and 1.5690
June Canadian Dollar
Support should appear near 6755 to 6741
Resistance is at the 6809 to 6836 region .
June Aussie Dollar
Support is at 5957 to 5945
Resistance should appear near 5990 and 6023 to 6035
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 8300 to 8314 and the 8391 to 8406 region . Beyond that sellers should appear near 8484 to 8499 and cap a rally.
Support should appear near 8223 to 8194 and 8134 to 8119 .
June SP500
Resistance is at 885.60 to 887.10 and 893.40 to 896.40.
Support should appear near 877.70 to 876.20 and the 868.30 to 866.80 region
Nasdaq Composite
Resistance is at 1399 and 1415 to 1421
Support should appear near 1383 and 1377.
March Mini Nasdaq 100
Resistance is at 1068 and 1082, beyond that 1096 to 1101 should bring sellers out from the woodwork..
Support is at the1058 then 1047 and 1036 to 1032.
June Ten Year T-Notes
Resistance should appear near 114-23 and 115-07
Support is at 114-08 ands 113-233
June Gold
Recommended Open BW Position Long at 336.9
Support should appear at 327 to 326.1..
Resistance is at 331.9 to 332.8.
May Copper
Support should appear near 7170 to 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 438.5 to 437 and 431.5 to 430.5
Resistance is at 442.5 to 444.5
May Crude Oil
Support should appear near 2672 to 2663
Resistance is at 2820 to 2829
May Unleaded Gas
Support should appear near 8315 to 8300 and 8225 to 8195
Resistance should appear near 8760 to 8775 and 9045 to 9060 .
May Heating Oil
Resistance is at 7140 to 7170 ad 7240 to 7255.
Support should appear near 7005 to 6990 and 6835 to 6805
The Lively Livestock
June Live Cattle
Support should appear near 7140 and 7087 to 7072 .
Resistance should appear near 7172 and the 7242 to 7257
June Lean Hogs
Recommended Open BW Position Long 3 at 6132 avg
Support is at 5807 to 5792 then 5732 to 5717 and 5657 to 5642
Resistance is at 5852 to 5882 and 5942 to 5957
May Pork Bellies
Recommended open BW Position long at 8787
Support should appear at 8967 to 8932 and 8872 to 8857.
Resistance is at 9142 to 9157 and the 9317 to 9347 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 the 594 1/2 to 595 3/4 region
Support should appear near 580 1/2 to 579 1/4 and 573 to 571 3/4
May Soymeal
Nearby Support should appear near 173.8 to 173.1 and 169.6 to 168.9
Resistance is at should appear near 177.4 to 178.0
May Soybean Oil
Recommended open BW Position long at 2137
Resistance should appear near 2170 to 2185 and 2219 to 2226
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 237 and 235 1/2
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 5955 to 5945 and the 5880 to 5855 region
Resistance should appear near 6020 to 6035 and the 6105 to 6115 region
BW Traders should go long if a close over 6195 occurs.
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 and 2034 to 2042 .
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 5725 to 5715 and 5655 to 5640
Resistance should appear near 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
Wednesday, April 2nd , 2003
11:30 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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