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, Wed April 16th 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

Tuesday, April 15th,2003
2:45 PM eastern standard time

The ‘Frenzied’ Forex Front

June Yen
Recommended Open BW Position Long at 8363
Support should appear near 8314 to 8300 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 10785 then 10750 and 10715
Resistance is at 10820 and the10960 to 11010 region

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 6035 to 6023 and 5990
Resistance should appear near 6068 and 6101 to 6113
.

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 893.40 to 896.40 and 904.40 to 906.00
Support should appear near 887.10 to 885.60 and the 877.70 to 876.20 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 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 7325 and 7255 to 7240.
Resistance should appear near the 7415 to 7430 region

May Silver
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 2756 to 2775 and the 2820 to 2829 region .
Support is at 2724 to 2716 and 2672 to 2663

May Unleaded Gas
Support should appear near 8500 to 8485 and 8405 to 8390
Resistance should appear near 8590 and the 8760 to 8775 region.

May Heating Oil
Resistance is at 7760 to 7770 and the 7835 to 7865 region
Support should appear near 7605 to 7585 and 7515 to 7485

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 5807 to 5792 and 5732 to 5717
Resistance is at 5857 to 5882 and the 5937 to 5957 region.

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 611 1/4 . 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 246 1/4 to 246 3/4
Support is at 241 3/4 to 241 1/4

July CBOT Wheat
Support should appear at 288 1/4 to 287 1/2 and 282 3/4 to 282
Resistance is at 292 3/4 to 293 3/4 and 297 1/4 to 299

The Satisfying Softs

July the ‘ Monster’ Coffee
Recommended Open BW Position Long 4 at 6280 avg
Support is near 6165 and 6115 to 6105. Under that support should appear near 6035 to 6020
the 5880 to 5855 region
Resistance should appear near 6255 to 6270 and 6335 to 6350

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 at 5970
Support should appear near 5960 to 5945 and 5880 to 5855
Resistance should appear near 6020 to 6035 and 6100 to 6115

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
Tuesday April 15th, 2003
3:35 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.