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 30th 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 29th, 2003
2:30 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)
Nearby Support should appear at 11010 then 10985 to 10960
Resistance is at 11082 and 11155
June Swiss Franc
Recommended Open Position Long at 7293
Resistance should appear near 7378 and 7414 to 7428
Support should appear near 7342 to 7328 then7291 and the 7255 to 7242 region.
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 6871 and 6836 to 6809
Resistance is at the 6919 and 6954
June Aussie Dollar
Recommended Open Position Long at 6181
Support is at 6165 and 6113 to 6101
Resistance should appear near 6190 and 6223
The Sensational Stock and Bond Markets
Resistance should appear near 8560 to 8589 and the 8668 to 8683 region.
Support should appear near 8499 to 8484 and 8406 to 8391
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 114-23 and 115-07
Support is at 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 7255 to 7240 and 7170 to 7140
Resistance should appear near 7325 to 7345 region and the 7415 to 7430 region
July Silver
Support should appear near 451.5 to 450.5
Resistance is at the 457 to 458.5.
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 7940 then 7865 to 7835 and 7780 to 7765
Resistance should appear near 8030 to 8045 then 8115 to 8135 and 8300 to 8315
June Heating Oil
Resistance is at 6755 then 6805 to 6835 and 6905 to 6920
Support should appear near 6670 to 6655 and 6590 to 6575
June Live Cattle
Support should appear near 7172 to 7142
Resistance is at 7242 to 7257 and the 7325 to 7342 region
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 8557 and 8502 to 8487
Resistance is at 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 625 1/4 to 627 and the 633 3/4 to 635 region…
Nearby Support should appear near 619 to 616 1/2 and 611 /4 to 610 1/4
BW Traders should go long if a close over 627 3/4 occurs
July Soymeal
Nearby Support should appear near 190.9 to 190.2 and 186.5 to 185.8
Resistance is at should appear near 194.6 to 195.3 and 198.2 to 199.6
July Soybean Oil
Nearby Resistance should
Nearby Support should appear near 2185 to 2170 and 2134 to 2126..
July Corn
Resistance should appear near 235 1/2 to 237
Support is at 229 1/4 and 227 1/2 to 226 3/4
July CBOT Wheat
Recommended Open BW Position Long 282 1/4
Support should appear at 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 6590 to 6575 and 6510 to 6485
Resistance should appear near 6655 to 6670 and the 6740 to 6755 region
July Cocoa
Support is at 1996 to 1982 and 1953 to 1946
Resistance should appear near 2034 to 2042 and the 2080 to 2088 region
July Sugar
Support should appear near 712 to 704 and the 686 to 682 region.. Traders can buy at 687 and risk a close under 657 for three days in a row
Resistance should appear near 735 to 738 and 751
July Cotton
Recommended Open BW Position Long 5815
Support should appear near 5580 to 5555 and the 5505 to 5490 region
Resistance should appear near 5640 to 5655 and the 5715 to 5730 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
Tuesday April 29th, 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.
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