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 April 11th 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

We can easily forgive a child who is afraid of the dark.
The real tragedy of life is when men are afraid of the light
--Plato--

Thursday, April 10th,2003
5:45 PM eastern standard time

The ‘Frenzied’ Forex Front

June Yen
Recommended Open BW Position Long at 8363
Support should appear near 8314 to 8300 then 8223 to 8194
Resistance should appear near 8391 to 8406 and the 8484 to 8499 region …

June Euro Currency (EC)
Recommended Open BW Position Long at 10738
Support should appear at 10750 then 10715 and 10680 to 10630
Resistance is at 10785 and 10820

June Swiss Franc
Resistance should appear near 7242 to 7255.
Support should appear near the 7170 to 7143 region.
Aggressive BW traders should go long if a close over 7257 occurs.

June British Pound
Recommended Open BW Position Long at 1.5658
Support should appear near the 1.5626 and 1.5586
Resistance should appear near the 1.5690 to 1.5760 region.

June Canadian Dollar
Recommended Open BW Position Long at 6846
Resistance should appear near 6909 to 6922 .
Support is at 6836 to 6809.

June Aussie Dollar
Recommended Open BW Position Long at 6008
Support is at 5990 and 5957 to 5945
Resistance should appear near 6023 to 6035 and 6068
.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8223 then 8300 to 8314 and 8391 to 8406 .. Beyond that sellers should appear near 8484 to 8499 and the 8560 to 8589 region..
Support should appear near 8194 and 8134 to 8119 region

June SP500
Resistance is at 876.20 to 877.70 then 885.60 to 887.10 and 893.40 to 896.40
Support should appear near 868.30 to 866.80 and 858.90 to 856

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

Nasdaq Composite
Resistance is at 1377 to 1383 and 1399
Support should appear near 1361.5 and the 1346 to 1334 region

March Mini Nasdaq 100
Resistance is at 1047 and 1058 to 1068
Support is at 1036 to 1032 .. a slip under is negative and augurs for a test of the 1005 to 1000 region ..

June Ten Year T-Notes
Resistance should appear near 114-23 and 115-07..
Support is at 114-07 and 113-23

The Precious Metals

June Gold
Recommended Open BW Position Long at 2 at 329.2 avg
Support should appear at the 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 7140 and the 7090 to 7075 region
Resistance should appear near the 7240 to 7255 and 7325 to 7345 .

May Silver
Recommended Open BW Position Long at 448.0
Support should appear near 444.5 to 442.5 and 438.5 to 437
Resistance is at 450.5 to 451.5 and 457 to 458 .

The Exciting Energies

May Crude Oil
Support should appear near 2724 to 2716 and the 2672 to 2663 region Below that a test of
2620 to 2612 is likely.
Resistance is at 2758 to 2775 and2820 to 2829 .

May Unleaded Gas
Support should appear near 8300 and the 8135 to 8115 region
Resistance should appear near 8390 to 8405 and the 8560 to 8590 region.

May Heating Oil
Resistance is at 7325 to 7345 and 7485 to 7515
Support should appear near 7140 and the 7005 to 6990 region.

The Lively Livestock

June Live Cattle
Support should appear near 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 5732 to 5717 and 5655 to 5640
Resistance is at 5790 to 5805 and 5855 to 5880

May Pork Bellies
Recommended Open BW Position Long 2 at 8737 avg
Support should appear near 8045 to 8025 and 7955 to 7940
Resistance is at 8190 to 8225 and 8300 to 8315..

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains
May Soybeans
Resistance is at the 602 1/4 to 603 1/2 and 610 1/4 to 611 1/4 region.
Support should appear near 5953/4 to 594 1/2 and the 588 to 585 1/2 region.. Below that buyers should appear near 5580 1/2 to 579 1/4. BW Traders can buy at 580 ¾ and risk a close under 570 for three days in a row.

May Soymeal
Support should appear near 177.4 and 173.8 to 173.1
Resistance is at should appear near 180.8 to 182.2

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

July Corn
Resistance should appear near 241 1/4 to 241 3/4
Support is at 237 to 235 1/2

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

The Satisfying Softs

July the ‘ Monster’ Coffee
Recommended Open BW Position Long 2 at 6410 avg
Support is near 6270 to 6255 and 6190 to 6165
Resistance should appear near 6335 to 6350 and 6415 to 6430.

May Coffee
Recommended Open BW Position Long at 6225
Support is near 6035 to 6020 and 5955 to 5945
Resistance should appear near 6105 to 6115 and 6165 to 6190

July Cocoa
Recommended Open BW Position Long at 1962
Support is at the 1865 to 1858 region.
Resistance should appear near 1902 to 1909 and 1946 to 1953

July Sugar
Support should appear near 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 704 to 712
BW Traders should go long if a close over 741 occurs.

July Cotton
Recommended Open BW Position Long 3 at 5915
Support should appear near 5955 to 5945 and the 5880 to 5855 region.. Below that buyers should appear near 5730 to 5715, BW 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 6020 to 6035 and the 6100 to 6115 region. .

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 April 10th, 2003
6:45 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.