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, Tuesday April 8th 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 April 7th,2003
2:30 PM eastern standard time

The ‘Frenzied’ Forex Front

June Yen
Support should appear near 8314 to 8300 then 8223 to 8194
Nearby Resistance should appear near 8391 to 8406 and the 8484 to 8499 region …
BW Traders should go long if a close over 8357 occurs

June Euro Currency (EC)
Recommended Open BW Position Long at 10633
Nearby Support should appear at 10580.and 10470
Resistance is at 10630 and 10680
BW Traders should go long if a close over 10737 occurs.

June Swiss Franc
Recommended Open BW Position Long at 7177
Resistance should appear near 7242 to 7255. A close over is friendly and augurs for a test of 7324 to 7342 and the 7414 to 7428 region
Support should appear near the 7170 to 7143 region. Below that buyers should appear near 7088 to 7074 ..
Aggressive BW traders should go long if a close over 7257 occurs.

June British Pound
Support should appear near the 1.5340 to 1.5290 region
Resistance should appear near 1.5526 and 1.5626
BW Traders should go long if a close over 1.5628 occurs

June Canadian Dollar
Recommended Open BW Position Long at 6757
Support should appear near 6673 to 6659 .
Resistance is at 6741 to 6755 and 6783.
BW Traders should go long if a close over 6838 occurs.

June Aussie Dollar
Support is at 5880 to 5855..Below that support is at 5805 to 5791 . BW Traders can buy at 5882 and risk a close under 5788 for three days in a row ..
Resistance should appear near 5945 to 5957 and 6023 to 6035.
BW Traders should go long if a close over 5992 occurs.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near the 8391 to 8406 .. Beyond that sellers should appear near 8484 to 8499 and the 8560 to 8589 region.. Above that resistance at 8668 to 8683 should cap a rally .

Support should appear near 8314 to 8300 then 8223 to 8194 and 8134 to 8119 region. ..

June SP500
Resistance is at 887.10 then 893.40 to 896.40 and the 904.40 to 906.00 region.. A close over is friendly and augurs for a test of 914.00 to 915.60 .Where sellers should be evident and cap an advance for a bit … Beyond that a test of 923.60 is likely …Above that sellers should appear near 931.60 to 934.70 and 942.90 to 944.50 .. BW Traders can sell at 931.50 and hold for lower prices…

Support should appear near 877.70 to 876.20... An extended trade or close under is negative and augurs for a test of 858.90 to 856 and eventually the 849.90 to 848.40 region… Below that buyers should appear near 840.60 to 839.10 and the 831.40 to 830.00 which should contain a decline for a bit.. Under that Buyers should appear near the 822.30 to 819.40 region..

Traders should Stay tuned for BW SP500 Updates and Index program trades , while day trades can occur at anytime

Nasdaq Composite
Resistance is at the 1415 to 1421 region .. Beyond that a test of1437 and the 1453 to 1459 region is likely. A close over is friendly for a test of 1484 to 1496.. Above that sellers should appear near 1529 to 1535

Support should appear near the 1383 to 1377. Below that buyers should appear near 1346 to 1334. A close under augurs for a test of 1310 to 1304 and the 1274 to 1268 region..

March Mini Nasdaq 100
Resistance is at 1068 and 1082.. Beyond that sellers should appear near 1096 to 1101 and the 1130 to 1136 region. A close over is friendly and augurs for a test of 1164 to 1169 and the 1192 to 1203 region . Which Cap a rally for some time..

Support is at 1058 and 1036 to 1032 .. a slip under is negative and augurs for a test of the 1005 to 1000 region .. Below that buyers should appear near 993.50 to 992.00 , which should contain a decline for a bit…Under that support should appear near 984.00 to 982.50 and the 973.50 to 970.50 region.

June Ten Year T-Notes
Resistance should appear near 113-23 and 114-07.. Beyond that sellers should appear near 114-23 and 115-07..
Support is at 113-07.. Below that buyers should appear near 112-23 and 112-07

The Precious Metals

June Gold
Recommended Open BW Position Long at 2 at 329.2 avg
Support should appear at the 321.3 to 319.4 region, which should hold.. Below that buyers should appear near 315.7 to 314.8 ..
Resistance is at 326.1 to 327 and the 331.9 to 332.8 region .. A close over is friendly and augurs for a test of 342.5 to 344.3 and the 349.3 to 350.3 region

BW Traders should go long if a close over 332.9 occurs

May Copper
Support should appear near 7255 to 7240 and 7170 to 7140
Resistance should appear near the 7325 to 7345 . Beyond that a test of the 7415 to 7430 region is likely..

May Silver
Support should appear near 438.5 to 437 and 431.5 to 430.5 . Below that buyers should appear near 425 to 423.5 and the 418.5 to 416.5 region. ..BW Traders can buy at 432.5 and risk a close under 422 for three days in a row
Resistance is at 444.5, a close over augurs for a test of 457 to 458 .
BW Traders should go long if a close over 445.5 occurs.

The Exciting Energies

May Crude Oil
Support should appear near 2775 to 2758 and the 2672 to 2663 region .
Resistance is at 2820 to 2829 then 2874 to 2883 and the 2928 to 2937 region .

May Unleaded Gas
Support should appear near 8315 to 8300 and 8135 to 8115. Under that support should appear near 8045 to 8025 and the 7780 to 7760 region , which should contain a decline…
Resistance should appear near 8485 to 8500 and 8765 to 8780

May Heating Oil
Resistance is at 7325 to 7345 and 7485 to 7515 .. Beyond that sellers should appear near 7585 to 7605 and the 7760 to 7780 region.
Support should appear near 7140 and the 7003 to 6990 region.. Below that support should appear near 6755 to 6740 and the 6675 to 6655 region.

The Lively Livestock

June Live Cattle
Support should appear near 7172 to 7142 and 7087 to 7072, BW Traders can buy at 7087 for a bounce and risk a close under 6982 for three days in a row.
Resistance is at 7242 to 7257 and the 7325 to 7342 region.

June Lean Hogs
Recommended Open BW Position Long 2 at 6032 avg
Support is at 5957 to 5942 and the 5882 to 5852 region .. Below that buyers should appear near 5807 to 5792 and the 5732 to 5717 region.
Resistance is at 6022 to 6037, a close over is friendly and augurs for a test of 6102 to 6112 and the 6167 to 6197 region.. Beyond that sellers should appear near 6257 to 6272

May Pork Bellies
Recommended Open BW Position Long 8787
Support should appear near the 8777 to 8762 region .. Below that buyers should appear near 8682 to 8667 and the 8592 to 8562 region…BW Traders can buy at 8687 and risk a close under 8552 for three days in a row. Below that 8407 to 8392 should hold..
Resistance is at 8857 to 8872 and 8932 to 8967
BW Traders should go long if a close over 8977 occurs

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains
May Soybeans
Recommended Open BW Position Long at 598 3/4
Resistance is at the 602 1/4 to 603 1/2 and the 610 1/4 to 611 1/4 region.
Support should appear near 595 3/4 to 594 1/2 and 588 to 585 1/2 Below that buyers should appear near BW Traders can buy at 580 3/4 and risk a close under 570 for three days in a row.

May Soymeal
Recommended Open BW Position Long at 176.4
Support should appear near 173.8 to 173.1
Resistance is at should appear near the 177.4 to 178.0 region…

May Soybean Oil
Recommended Open BW Position Long at 2231
Resistance should appear near 2267 to 2275 and the 2315 to 2322 region
Support should appear near 2226 to 2219 and 2185 to 2170

July Corn
Resistance should appear near 246 to 246 3/4
Support is at 241 3/4 to 241 1/4

July CBOT Wheat
Recommended Open BW Position Long at 294 1/4
Support should appear at 293 3/4 to 292 3/4 and 288 1/4 to 287 1/2
Resistance is at 297 1/4 to 299

The Satisfying Softs

July the ‘ Monster’ Coffee
Recommended Open BW Position Long at 6480
Support is near 6430 to 6415 and 6350 to 6335 . BW Traders can buy at 6335 and hold for higher prices... Resistance should appear near 6510. A close over is friendly and augurs for a test of 6575 to 6590 and eventually the 6655 to 6675 region..

May Coffee
Recommended Open BW Position Long at 6225
Support is near 6190 to 6165 and 6135 to 6115
Resistance should appear near 6255 to 6270 and the 6335 to 6350 region Above that sellers should appear near 6415 to 6430 and the 6480 to 6510 region.

July Cocoa
Recommended Open BW Position Long at 1914
Support is at 1909 to 1902 and the 1865 to 1858 region.
Resistance should appear near 1946 to 1953 and the 1982 to 1996 region .
BW Traders should go long if a close over 1957 occurs.

July Sugar
Support should appear near 712 to 704 and the 686 to 682 region.. BW Traders can buy at 687 and risk a close under 657 for three days in a row
Resistance should appear near 735 to 738
BW Traders should go long if a close over 741 occurs.

July Cotton
Recommended Open BW Position Long 2 at 5885
Support should appear near the 5880 to 5855 and the 5805 to 5790 region.. Below that buyers should appear near 5730 to 5715, traders can buy at 5735 and risk a close under 5530 for three days in a row. Under that support should appear near 5655 to 5640.

Resistance should appear near 5945 to 5955, a close over is friendly and augurs for a test of 6020 to 6035 and the 6105 to 6115 region.

Traders should go long if a close over 5965 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 April 7th, 2003

3:45 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.