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, Monday May 12th, 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

Sunday May 11th, 2003
6:55 PM eastern standard time

The ‘Frenzied’ Forex Front

June Yen
Support should appear near 8499 to 8484 and 8447
Resistance should appear near 8560 to 8589 and the 8668 to 8683 region , which should Cap a rally..
BW Traders can sell at 8662 and risk a close over 8717 for three days in a row.

June Euro Currency (EC)
Support should appear at 11535 and 11500 under that 11430 should hold.

Resistance is at 11570 and 11640 to 11690 .

June Swiss Franc
Resistance should appear near 7675 to 7689

Support should appear near 7601 to 7587 .

June British Pound
Recommended Open Position Long 1.5968
Support should appear near 1.5960 then 15852 and 1.5760 to 1.5690

Resistance should appear near 1.6002 and 1.6090

June Canadian Dollar
Support should appear near 7170 to 7143 and 7088 to 7074

Resistance is at 7242 to 7255

June Aussie Dollar
Support is at 6430 to 6417

Resistance should appear near the 6483 to 6509 region

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8668 to 8683.. Beyond that a test of 8762 to 8777 is likely. Above that sellers should appear near 8856 to 8871 and the 8934 to 8964 region.

Support should appear near 8589 to 8560 and 8484 an extended trade or close under augurs for a test of 8406 to 8391 and the 8314 to 8300 region…

June SP500
Recommended Open Position Short 2 at 925.90 avg
Resistance should appear near 934.70 and 942.90 to 944.50…Beyond that sellers should appear near 952.60 to 954.20 then 962.50 to 964.10 and the 970.60 to 973.70 region. Which should cap a rally. BW Traders Who Have Ice Water Running through their veins can sell at 961.30 and hold for lower prices…

Support should appear near 931.60. An extended trade or close under is negative and augurs for a test of 915.60 to 914.00 and the 906.00 to 904.40 region

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

Nasdaq Composite
Resistance 1529 to 1535 and the 1569 to 1576 region.

Support should appear near 1496 to 1484 and 1471

June Mini Nasdaq 100
Resistance is at 1164 to 1169 and 1192 to 1203

Support is at 1136 to 1132 and the 1101 to 1096 region.

June Ten Year T-Notes
Resistance should appear near 117-04 and 117-17

Support is at 116-23 then 116-17 and116-04.

The Precious Metals

June Gold
Recommended Open Position Long at 348.7
Support should appear at 344.3 to 342.5 and 338.6 to 337.6, which should hold.. BW Traders can buy at 338.9 for a bounce , risk a close under 331.5 for three days in a row. Below that buyers should appear near the 327.0 to 326.1 region.

Resistance is at 350.3 and the 355.3 to 356.3 region .

July Copper
Recommended Open Position short 7245
Support should appear near 7345 to 7325 and 7255 to 7240 ..

Resistance should appear near 7415 to 7425 and the 7485 to 7515 region

July Silver
Support should appear near 478.5 to 477.5 then 471.5 to 469.5 and the 465 to 463.5 region.. BW Traders can buy at 465.5 and hold for higher prices.. Risk a close under 457 for three days in a row.

Resistance is at 484.5 to 485.5 and the 491.5 to 492.5 region.. .. BW Traders should go long if
a close 486.5 occurs .

The Exciting Energies

June Crude Oil
Recommended Open Position short 2757
Support should appear near 2724 to 2716 and 2672 to 2663

Resistance is at 2775. and the 2820 to 2829 region.

June Unleaded Gas
Recommended Open Position Short at 8115
Support should appear near 8315 to 8300 then 8225 to 8195 and the 8135 to 8115 region

Resistance should appear near 8390 to 8405 and 8485 to 8500

June Heating Oil
Recommended Open Position Short 7135
Support should appear near 7140 and 7090 to 7075 and the 7005 to 6990 region.

Resistance should appear near 7240 to 7255 and the 7325 to 7345 region.

The Lively Livestock

June Live Cattle
Support should appear near 7342 to 7322

Resistance is at 7412 to 7427 and 7487 to 7512

June Lean Hogs
Recommended Open Position Long at 6522
Support is at 6507 to 6482 and 6432 to 6417.

Resistance is at 6577 to 6592 and the 65657 to 6672 region

July Pork Bellies
Recommended Open Position Long at 9372
Support should appear near 9347 to 9317 and 9237 .

Resistance is at 9427 to 9445 and the 9527 to 9542 region..

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains

July Soybeans
Recommended Open BW Position Long 2 at 628 3/4 avg
Resistance is at 641 3/4 to 643 and 648 3/4 to 650 3/4

Support should appear near 635 to 633 3/4 and 627 to 625 3/4.

July Soymeal
Recommended Open Position Long at 195.4
Support should appear near 195.3 to 194.6 and 190.9 to 190.2.

Resistance is at 198.2 to 199.6.
BW Traders should go long if a close over 199.7 occurs

July Soybean Oil
Resistance should appear near 2267 to 2275
Support should appear near 2226 to 2219 and 2185 to 2170

July Corn
Resistance should appear near 255 1/4 to 256 3/4

Support is at 251 3/4 to 251 1/4 and 247 to 246 1/4

July CBOT Wheat
Recommended Open Position short at 309 1/4
Support should appear at 321 1/4 to 319 1/2 and 315 3/4 to 314 3/4

Resistance should appear near 326 1/4 to 327 and 331 3/4 to 332 3/4

The Satisfying Softs

July the ‘Monster’ Coffee
Recommended Open BW Position Long 2 at 6855
Support is near 6835 to 6810 and the 6755 to 6740 region. Below that 6675 to 6655 should hold. .

Resistance should appear near 6905 to 6920 and 6990 to 7005

July Cocoa
Support should appear near 1808 then 1780 to 1774 and the 1738 to 1731 region.. .

Resistance should appear near 1822 and 1858 to 1865

July Sugar
Recommended Open Position Long at 687
Support should appear near 686 to 682 and 671

Resistance should appear near 704 to 712

July Cotton
Support should appear near 5285 to 5265 and 5210 to 5200

Resistance should appear near 5345 to 5355 and the 5415 to 5430

Ship in Harbor is Safe.. But that is not what ships are built for –

Happy Trading!
Bill
wil@futurescom.com
1-561-433-2995
Sunday May 11th, 2003
7:55 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.