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 May 13th, 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 May 12th, 2003
2:00 PM eastern standard time

The ‘Frenzied’ Forex Front

June Yen
Support should appear near 8499 to 8484 and 8447
Resistance should appear near 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
Support should appear near 1.6002 and 1.5960

Resistance should appear near the 1.6090 to 1.6150 region.
Bw Traders should go long if a close over 1.6158 occurs.

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 8762 to 8777. Above that sellers should appear near 8856 to 8871 and the 8934 to 8964 region.

Support should appear near 8683 to 8668 and 8589 to 8560

June SP500
Recommended Open Position Short 2 at 925.90 avg
Resistance 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 nea944.50 to 942.90 and 934.70 to 931.60.

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

Nasdaq Composite
Resistance should appear near the 1569 to 1576 region.

Support should appear near 1535 to 1529

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 350.3 to 349.5 and the 344.3 to 342.5 region.

Resistance is at 355.3 to 356.3 .

July Copper
Support should appear near 7515 to 7485 and 7430 to 7415

Resistance should appear near 7585 to 7605 and the 7485 to 7515 region

July Silver
Recommended Open Position Long 487.5
Support should appear near 485.5 to 484.5 and 478.5 to 477.5 region.

Resistance is at 491.5 to 492.5 and the 497.5 to 499.5 region.

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 2758 to 2775. and the 2820 to 2829 region.

June Unleaded Gas
Recommended Open Position Short at 8115
Support should appear near 8135 to 8115 and 8045 to 8025

Resistance should appear near 8195 to 8225 and 8300 to 8315

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

Resistance should appear near 7140 to 7170 and 7240 to 7255

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
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
Support should appear near 9347 to 9317 and 9237 .

Resistance is at 9447 and the 9527 to 9542 region..

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains

July Soybeans
Recommended Open BW Position Long 638
Resistance is at 643 and the 648 3/4 to 650 3/4 region.

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 227and 2315 to 2322
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 327 to 326 1/4 and 321 1/4 to 319 1/2

Resistance should appear near 331 3/4 to 332 3/4 and 337 3/4 to 338 3/4

The Satisfying Softs

July the ‘Monster’ Coffee
Recommended Open BW Position Long 6950
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 1780 to 1774 and the 1738 to 1731 region.. .

Resistance should appear near 1808 to 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 712 and 721
BW Traders should go long if a close over 724 occurs

July Cotton
Support should appear near 5415 and 5355 to 5345

Resistance should appear near 5490 to 5505 and the 5555 to 5580 region.

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 May 12th, 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.