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 15th 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 14th,2003
3:00 PM eastern standard time

The ‘Frenzied’ Forex Front

June Yen
Recommended Open BW Position Long at 8363
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 10738
Support should appear at 10715 and 10680 to 10630
Resistance is at 10785 and 10820

June Swiss Franc
Recommended Open BW Position Long at 7213
Resistance should appear near 7242 to 7255.
Support should appear near the 7170 to 7143 region.

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 8391 to 8406 .. Beyond that sellers should appear near 8484 to 8499 and the 8560 to 8589 region..
Support should appear near 8314 to 8300 and 8223 to 8194

June SP500
Resistance is at 885.60 to 887.10 then 893.40 to 896.40 and 904.40 to 906.00
Support should appear near 877.70 to 876.20 and 868.30 to 866.80
Traders should Stay tuned for BW SP500 Updates and Index program trades , while day trades can occur at anytime

Nasdaq Composite
Resistance is at 1399 and 1415 to 1421
Support should appear near 1383 to 1377

March Mini Nasdaq 100
Resistance is at 1058 to 1068 and 1082
Support is at 1047 and 1036 to 1032 ..

June Ten Year T-Notes
Resistance should appear near 114-09 and 114-23
Support is at 113-23 and 113-17

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.
Resistance is at 326.10 to 327

May Copper
Support should appear near 7240 and 7170 to 7140.
Resistance should appear near 7325 to 7345 and the 7415 to 7430 region

May Silver
Recommended Open BW Position Long at 448.0
Support should appear near 451.5 to 450.5 and 444.5 to 442.5
Resistance is at 457 to 458.5

The Exciting Energies

June Crude Oil
Resistance should appear near 2716 to 2724 and the 2724 to 2716 region .
Support is at 2672 to 2662 and 2620 to 2612

May Unleaded Gas
Support should appear near 8405 to 8390 and the 8315 to 8300 region.
Resistance should appear near 8560 to 8590 and the 8665 to 8690 region.

May Heating Oil
Resistance is at 7485 to 7515 and the 7675 to 7690 region
Support should appear near 7345 to 7325 and 7255 to 7240

The Lively Livestock

June Live Cattle
Support should appear near 7172 to 7142 and the 7087 to 7072 region. 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 5652 to 5637
Resistance is at 5792 to 5807 and 5857 to 5882,

May Pork Bellies
Recommended Open BW Position Long 2 at 8737 avg
Support should appear near 8227 to 8192 and 8137 to 8117
Resistance is at 8302 to 8317 and 8417 to 8432

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains
May Soybeans
Resistance is at the 610 1/4 to 611 1/4 region. Beyond that sellers should appear near 616 1/2 to 619
Support should appear near 603 1/2 to 602 1/4 and 595 3/4 to 594 1/2

May Soymeal
Support should appear near 182.2 to 180.8 and 178.0 to 177.4
Resistance is at should appear near 185.8 to 186.5

May Soybean Oil
Recommended Open BW Position Long at 2231
Resistance should appear near 2219 to 2226
Support should appear near 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 282 3/4 to 282
Resistance is at 287 1/2 to 288 1/4

The Satisfying Softs

July the ‘ Monster’ Coffee
Recommended Open BW Position Long 3 at 6335 avg
Support is near 6035 to 6020 and 5880 to 5855
Resistance should appear near 6105 to 6115 and 6165 to 6190

May Coffee
Recommended Open BW Position Long at 6225
Support is near 5730 to 5715 and 5655 to 5640
Resistance should appear near 5805 and 5855 to 5880

July Cocoa
Recommended Open BW Position Long at 1962
Support is at the 1822 to 1808 region.
Resistance should appear near 1858 to 1865

July Sugar
Recommended Open BW Position Long at 687
Support should appear near 686 to 682.
Resistance should appear near 704 to 712

July Cotton
Recommended Open BW Position Long 2 at 5925 avg
Support should appear near 5880 to 5855 and 5805 to 5790
Resistance should appear near 5945 to 5960 and 6020 to 6035 .

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 14th, 2003
4:10 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.