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 29th 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 28th, 2003
2:05 PM eastern standard time

The ‘Frenzied’ Forex Front

June Yen
Support should appear near 8314 to 8300 and 8223 to 8194
Resistance should appear near 8391 to 8406
BW Traders should go long if a close over 8414 occurs

June Euro Currency (EC)
Recommended Open Position Long at 10985
Nearby Support should appear at 10960 then10935 and 10890
Resistance is at 19085 to 11010

June Swiss Franc
Resistance should appear near 7328 to 7342
Support should appear near 7291 and the 7255 to 7242 region. BW Traders can buy
at 7293 risk a close under 7237 for three days in a row

June British Pound
Support should appear near the 1.5842 and the 1.5760 to 1.5690 region. BW Traders
can buy at 1.5764 , risk a close under 1.5684 for three days in a row .
Resistance should appear near 1.5960 and 1.6002

June Canadian Dollar
Support should appear near 6836 to 6809
Resistance is at the 6906 to 6921 region

June Aussie Dollar
Recommended Open Position Long at 6181
Support is at 6113 to 6101
Resistance should appear near the 6165 to 6190 region

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8484 to 8499 then 8560 to 8589 and the 8668 to 8683 region.
Support should appear near 8406 to 8391 and 8314 to 8300

June SP500
Resistance is at 923.60…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 915.60 to 914.00 and 906.00 to 904.40.An extended trade or close under is negative and augurs for a test of 887.10 to 885.60 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 the 1484 to 1496
Support should appear near 1459 to 1453

June Mini Nasdaq 100
Resistance is at 1130 to 1136.
Support is at 1101 to 1096.

June Ten Year T-Notes
Resistance should appear near 115-07 and 115-21
Support is at 114-21 then 114-07 and 113-23

The Precious Metals

June Gold
Recommended Open BW Position Long at 333.9
Support should appear at the 332.8 to 331.9 and the 327 to 326.1 region.
Resistance is at 337.7 to 338.6

July Copper
Support should appear near 7170 to 7140 and 7090 to 7075 .
Resistance should appear near the 7240 to 7255 and the 7325 to 7345 region....

July Silver
Support should appear near 458.5 to 457 and 451.5 to 450.5
Resistance is at the 463.5 to 465.0 and the 469.5 to 471.5 region.

The Exciting Energies

June Crude Oil
Support should appear near 2519 to 2511 and the 2469 to 2461 region
Resistance is at 2568 and 2612 to 2620

June Unleaded Gas
Support should appear near 7955 to 7940 and 7865 to 7835
Resistance should appear near 8115 to 8135 and 8300 to 8315

June Heating Oil
Resistance is at 6805 to 6835 and 6905 to 6920
Support should appear near 6755 to 6740 and the 6670 to 6655 region

The Lively Livestock

June Live Cattle
Support should appear near 7142 and the 7087 to 7072 region.
Resistance is at 7172 and 7207

June Lean Hogs
Support is at 6192 to 6167 and 6117 to 6102
Resistance is at 6257 to 6272 and 6337 to 6352

May Pork Bellies
Support should appear near 8502 to 8487 and 8407 to 8392
Resistance is at 8557 to 8587 and the 8667 to 8682 region.

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains

July Soybeans
Recommended Open BW Position Long 611 3/4
Resistance is at 610 1/4 to 611 1/4 and 616 1/2 to 619
Nearby Support should appear near 603 1/2 to 602 1/4 and 595 3/4 to 594 1/4, under that buyers should appear near 588 to 585 1/2, BW Traders can buy at 588 3/4 and risk a close under 584 3/4 for three days in a row. Below that support is at 572 3/4 to 571 3/4.

July Soymeal
Nearby Support should appear near 182.2 to 180.8 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 185.8 to 186.5 and 190.2 to 190.9

July Soybean Oil
Nearby Resistance should appear near 2185 and 2219 to 2226.
Nearby Support should appear near 2170 and 2134 to 2126..

July Corn
Resistance should appear near 235 1/2 to 237
Support is at 231 1/2 and 229 1/4

July CBOT Wheat
Recommended Open BW Position Long 282 1/4
Support should appear at 282 3/4 to 282 and 277 1/2 to 275 3/4
Resistance is at 287 1/2 to 288 1/4 and 292 3/4 to 293 3/4

The Satisfying Softs

July the ‘Monster’ Coffee
Recommended Open BW Position Long 6680
Support is near 6350 to 6335 and the 6270 to 6255 region. BW Traders can buy at 6335 and hold for higher prices...
Resistance should appear near 6415 to 6420 and 6480 to 6510 .

July Cocoa
Support is at 1953 to 1946 and 1909 to 1902
Resistance should appear near 1982 to 1996 and the 2034 to 20042 region

July Sugar
Support should appear near 751 and the 738 to 735 region
Resistance should appear near 763 to 767 and 779

July Cotton
Recommended Open BW Position Long 5815
Support should appear near 5730 to 5715 and 5655 to 5640
Resistance should appear near 5790 to 5805 and 5855 to 5880.

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 28th, 2003
3:00 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.