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 22nd, 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 May 21st, 2003
2:15 PM eastern standard time

The ‘Frenzied’ Forex Front

June Yen
Recommended Open Position short at 8530
Support should appear near 8499 to 8484.
Resistance should appear near 8560 to 8580

June Euro Currency (EC)
Recommended Open Position Long at 11700
Support should appear at 11665 and 11640 and 11605
Resistance is at 11690 and 11747.

June Swiss Franc
Recommended Open Position Long at 7711
Resistance should appear near 7763 to 7777 and the 7836 to 7864 region.
Support should appear near 7689 to 7675

June British Pound
Recommended Open Position Long 1.6296
Support should appear near 1.6284 and 1.6150 to 1.6090

Resistance should appear near 1.6352 and the 1.6420 to 1.6550 region.

June Canadian Dollar
Support should appear near 7343 to 7328

Resistance is at 7414 to 7428

June Aussie Dollar
Support is at 6509 to 6483

Resistance should appear near 6577 to 6591

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8560 to 8589 and 8668 to 8683

Support should appear near 8484 and the 8406 to 8391 region

June SP500
Resistance should appear near 923.60 then 931.60 to 934.70 and 942.90 to 944.50

Support should appear near 915.60 to 914.00..Below that support should appear near 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 should appear near 1496 then1512.5 and 1529 to 1535

Support should appear near the 1484 and 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 118-22 and 119-04

Support is at 118-04 and 117-23

The Precious Metals

June Gold
Recommended Open Position Long at 364.4
Support should appear at 368.3 to 366.3 and 362.3 to 361.3

Resistance is at 373.4 to 374.3 and 379.5 to 380.6

July Copper
Support should appear near 7690 to 7675 and 7605 to 7585

Resistance should appear near 7765 to 7780 and 7835 to 7865.
BW Traders should go short if a close under 7580 occurs

July Silver
Support should appear near 471.5 to 469.5 and the 465 to 463.5 region.. Below that buyers should appear near 458.5 to 457.0. 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 477.5 to 478.5 and 484.5 to 485.5

The Exciting Energies

July Crude Oil
Support should appear near 2883 to 2874 and 2829 to 2820

Resistance is at 2928 to 2937 and 2972 to 2990

July Unleaded Gas
Support should appear near 8405 to 8390 and 8315 to 8300

Resistance should appear near 8485 to 8500 and 8560 to 8590

July Heating Oil
Resistance is at 7585 to 7605 and 7765 to 7780

Support should appear near 7345 to 7325 and the 7260 to 7240 region

The Lively Livestock

June Live Cattle
Support should appear near 7257 to 7242 and 7170 to 7140.

Resistance is at 7322 to 7342 and 7412 to 7427

June Lean Hogs
Recommended open position Long at 6512
Support is at 6512 to 6487 and the 6432 to 6417 region.

Resistance is at 6577 to 6592 and 6657 to 6672

July Pork Bellies
Support should appear near 9237 then 9157 to 9142 and the 9067 to 9042 region ..

Resistance is at 9317 to 9347 and the 9427 to 9447 region.
Aggressive Traders should go long if a close over 9447 occurs

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains
July Soybeans
Resistance is at 641 3/4 to 643 then 648 1/4 to 650 3/4 region and the 657 3/4 to 659 1/4 region.

Support should appear near 635 to 633 3/4.. Below that buyers should appear near 627 to 625 3/4
Aggressive BW Traders should go long if a close over 651 3/4 occurs

July Soymeal
Recommended Open Position Long at 196.3
Nearby Support should appear near 194.6 and 190.9 to 190.2 .. under that buyers should appear near the 186.8 to 185.8 region ..
BW Traders can buy at 188.6 and risk a close under 185.1 for three days in row. .

Resistance is at 198.2 to 199.6 and the 203.4 to 204.2 region

July Soybean Oil
Resistance should appear near 2315 to 2322 and 2354 to 2370

Support should appear near 2275 to 2267

July Corn
Resistance should appear near 246 1/4 to 247 and 251 1/4 to 251 3/4

Support should appear near the 241 3/4 to 241 1/4 region.
BW Traders should go long if a close over 257 3/4 occurs.

July CBOT Wheat
Support should appear at 331 3/4 and the 327 to 326 1/4 region.
Below that buyers should appear near 321 1/4 to 319 1/2

Resistance is at 337 3/4 to 338 3/4 and the 342 1/2 to 344 1/4 region.

The Satisfying Softs

July the ‘Monster’ Coffee
Recommended Open BW Position Long 2 at 6835 avg
Support is near 6590 to 6575 and the 6510 to 6485 region.

Resistance should appear near 6655 to 6675 and 6740 to 6755.

July Cocoa
Support is at 1615 to 1609 and 1576 to 1569

Resistance should appear near 1642 to 1655 and 1689 to1696

July Sugar
Recommended open position Long 728
Support should appear near 704 and 695

Resistance should appear near 712 and 723 .

July Cotton
Support should appear near 5285 to 5255.... Below that buyers should appear near 5210 to 5200 and the 5140 to 5125 region.

Resistance should appear near 5355 and 5415 to 5430 and 5490 to 5505, a close over is friendly and augurs for a test of 5555 to 5580 and the 5640 to 5655 region.. BW Traders should long if a close over 5515 occurs

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 May 21st , 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.