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, Thursday May 1st 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

Wed April 30th, 2003
1:50 PM eastern standard time

The ‘Frenzied’ Forex Front

June Yen
Recommended Open Position Long at 8424
Support should appear near 8406 to 8391 and 8314 to 8300
Resistance should appear near 8451 and 8484 to 8499

June Euro Currency (EC)
Support should appear at 11155 and 11117 , under that 11083 should hold
Resistance is at 11227. Beyond that sellers should appear near 11320 to 11360 ..
BW Traders can sell at 11319 and hold for lower prices.

June Swiss Franc
Resistance should appear near 7414 to 7428
Support should appear near 7378 then 7342 to 7328 and 7291.

June British Pound
Support should appear near the 15886 then 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 .. Beyond that a test of 1.6090to 1.6150 is likely

June Canadian Dollar
Support should appear near 6919 to 6906
Resistance is at 6990 to 7002

June Aussie Dollar
Support is at 6223 and 6190 to 6165
Resistance should appear near 6257 to 6270

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 8352

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 115-17 and 115-27
Support is at 115-07 and 114-23

The Precious Metals

June Gold
Support should appear at the 338.6 to 337.7 and 332.8 to 331.9
Resistance is at 342.5 to 344.3

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 454 to 463.5 and 458.5 to 457
Resistance is at 469.5 to 471.5 and 477.5 to 478.5 .

The Exciting Energies

June Crude Oil
Support should appear near 2568 to 2552 and the 2519 to 2511 region
Resistance is at 2612 to 2620 and 2663 to 2672

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
Support is at 6920 to 6905 and 6755 to 6740
Resistance should appear near 6990 to 7005 and the 7140 to 7170 region.

The Lively Livestock

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
Resistance is at 6337 to 6352
Support is at 6272 to 6257

July Pork Bellies
Support should appear near 8762 and the 8682 to 8667 region
Resistance is at 8857 to 8872 and 8932 to 8967

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains

July Soybeans
Resistance is at 633 3/4 to 635 and the 641 3/4 to 643 region
Support should appear near 625 3/4 and 619 to 616 1/2
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 appear near 2219 to 2226.
Nearby Support should appear near 2185 to 2170 and 2134 to 2126..

July Corn
Resistance should appear near 231 1/2 to 232 1/4 and 235 1/2 to 237
Support is at 229 1/4 and 227 1/2 to 226 3/4

July CBOT Wheat
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 6920 to 6905 and the 6835 to 6805 region .. Below that 6755 to 6740 should hold
Resistance should appear near 6990 to 7005 and the 7140 to 7170 region

July Cocoa
Support is at 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
Support should appear near 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
Wed April 30th, 2003
6:05 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.