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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 22nd 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 21st, 2003
2:15 PM eastern standard time

The ‘Frenzied’ Forex Front

June Yen
Recommended Open BW Position Long at 8354
Support should appear near 8314 to 8300 and 8223 to 8194 the 8134 to 8119 region.
Nearby Resistance should appear near 8351 and 8391 to 8406

June Euro Currency (EC)
Recommended Open BW Position Long at 10822
Nearby Support should appear at 10820 and 10755.. Below that buyers should appear near 10680
and the 10630 to 10580 region.
Resistance is at 10855 and 10890
Aggressive BW Traders should go long if a close over 10894 occurs.

June Swiss Franc
Recommended Open BW Position Long at 7208
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 7294 occurs.

June British Pound
Support should appear near 1.5516 and the 1.5340 to 1.5290 region
Resistance should appear near the 1.5602 and 15690
BW Traders should go long if a close over 1.5726 occurs

June Canadian Dollar
Recommended Open BW Position Long 2 at 6843 avg
Support should appear near 6836 to 6809 and 6755 to 674. Below that support should appear near
6673 to 6659...
Resistance is at the 6906 to 6921 region

June Aussie Dollar
Support is at 6101 and 6035 to 6023 . BW Traders can buy at 6037 and risk a close under 6018 for three days in a row ..
Resistance should appear near the 6115 and 6165 to 6190
BW Traders should go long if a close over 6115 occurs.

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 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… Initially plan on risking a close over 945.40 for three days in a row.

Support should appear near 887.10 to 885.60 and 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…

Aggressive BW Traders should go short if a close under 875.70 occurs

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

Nasdaq Composite
Resistance is at 1437 and the 1453 to 1459 region . A close over is friendly for a test of 1484 to 1496..

Support should appear near 1421 to 1415 and the 1383 to 1377. region..

June Mini Nasdaq 100
Resistance is at 1096 to 1101 and the 1130 to 1136 region.
Support is at 1068 to 1058 and 1036 to 1032 ..

June Ten Year T-Notes
Resistance should appear near 114-07.. Beyond that sellers should appear near 114-23 and 115-07

Support is at 113-23 and 113-07.. Below that buyers should appear near 112-23 and 112-07

The Precious Metals

June Gold
Recommended Open BW Position Long 2 at 327.7 avg
Support should appear at 332.8 to 331.9 and the 327 to 326.1 region, which should hold..
Resistance is at 337.7 to 338.6 and the 342.5 to 344.3 region.

July Copper
Recommended Open BW Position Short at 7315
Support should appear near 7255 to 7240 and the 7170 to 7140 region.

Resistance should appear near the 7345 and the 7415 to 7430 region.... A close over augurs for a test of 7485 to 7515 and the 7585 to 7605 region , which should cap an advance.. BW Traders can sell at 7585 and risk a close over 7790 for three days in a row.

July Silver
Recommended Open BW Position Long at 455
Support should appear near 451.5 to 450.5 and 444.5 to 442.5
Resistance is at 457 to 458 and the 463.5 to 465 region.

The Exciting Energies

June Crude Oil
Support should appear near 2829 to 2820 , a slip under augurs for a test of 2775 to 2758 and the 2672 to 2663 region .
Resistance is at 2874 to 2883 and the 2928 to 2937 region .

June Unleaded Gas
Support should appear near 8870 to 8855 and 8775 to 8760

Resistance should appear near 9045 to 9060 and 9315 to 9345

June Heating Oil
Resistance is at 7585 to 7605 and the 7760 to 7780 region.
Support should appear near 7515 to 7485 and 7345 to 7325

The Lively Livestock

June Live Cattle
Recommended Open BW Position Long at 7087
Support should appear near 7087 to 7072 and 7007 to 6992
Resistance is at the 7142 to 7172 region. A close over is friendly and augurs for a test of 7242 to 7257

June Lean Hogs
Recommended Open BW Position Long 2 at 6012 avg
Support is at 5957 to 5947 and the 5882 to 5852 region.. BW .Traders can buy at 5887 and risk a close under 5787 for three days in a row. ..
Resistance is at the 6022 to 6037 region. A close over augurs for a test of 6102 to 6112

May Pork Bellies
Recommended Open BW Position Long 8655
Support should appear near 8407 to 8392 and the 8317 to 8302 region .. Below that buyers should appear near 8222 to 8192 and the 8137 to 8119 region

Resistance is at 8502. a close over is friendly and augurs for a test of 8557 to 8587 and the 8667 to 8682 region. Beyond that a trade towards the 8762 to 8777 region is likely ..

BW Traders should go long if a close over 8507 occurs

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains

July Soybeans
Resistance is at 625 1/4 to 627 and the 633 3/4 to 635 region…
Nearby Support should appear near 616 1/2 and 611 1/4 to 610 1/2 ..Below that buyers should appear near 603 1/2 to 602 1/4 BW Traders can buy at 611 3/4 and hold for higher prices , initially risk a close under 601 ¾ for three days in a row. Under that buyers should appear near 588 to 585 ½ traders can buy at 588 3/4 and risk a close under 584 3/4 for three days in a row.

BW Traders should go long if a close over 627 3/4 occurs

July Soymeal
Nearby Support should appear near 186.8 to 185.8 then 182.2 to180.8 and the 178.0 to 177.4 region
BW Traders can buy at 178.2 and risk a close under 172.9 for three days in a row..
Resistance is at should appear near 190.2 to 190.9 and the 194.6 to 195.3 region…
BW Traders should go long if a close over 191.2 occurs

July Soybean Oil
Resistance should appear near 2185 and the 2219 to 2226 region.
region is likely… Above that sellers should appear near 2354 to 2370 .. Traders can sell at 2352 and risk a close over 2377 for three days in a row..
Support should appear near 2170 and the 2134 to 2126 region..

Resistance should appear near 241 1/4 to 241 3/4
Support is at 237 to 235 ½ BW Traders can buy at 237 1/4 and risk a close under 230 3/4 for three days in a row..

July CBOT Wheat
Recommended Open BW Position Long at 293 1/4
Support should appear at 292 3/4 then 288 3/ to 287 ½ and 282 3/4 to 282. BW Traders can buy at 282 3/4 for a bounce and risk a close under 274 3/4 for three days in a row.

Resistance is at 293 3/4 Above that sellers should appear near 303 3/4 to 304 1/2 or three days in a row.

The Satisfying Softs

July the ‘Monster’ Coffee
Recommended Open BW Position Long 2 at 6155 avg
Support is near 6510 to 6485 and the 6350 to 6335 region. .BW Traders can buy at 6335 and hold for higher prices...
Resistance should appear near 6575 to 6590 and the 6655 to 6675 region.
Aggressive BW Traders should go long if a close over 6675 occurs

July Cocoa
Recommended Open BW Position Long 1962
Support is at 1858 and 1822 to 1808
Resistance should appear near the 1902 to 1909 region.

July Sugar
Recommended Open BW Position Long at 746
Support should appear near 738 to 735 and 712 to 704
Resistance should appear near 763 to 767 and the 791 to 795 region.

July Cotton
Support should appear near the 6035 to 6020 and the 5880 to 5855 region . Below that buyers should appear near 5805 to 5790, BW traders can buy at 5815 and risk a close under 5710 for three days in a row.

Resistance should appear near the 6105 to 6115 region. A close over is friendly and augurs for a test of6165 to 6190 and the 6255 to 6170 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

Monday April 21st, 2003

3:15 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.