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 27th, 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 26th, 2003
1:30 PM eastern standard time

The ‘Frenzied’ Forex Front

June Yen
Support should appear near 8499 to 8484.
Resistance should appear near 8589 and 8668 to 8683

June Euro Currency (EC)
Support should appear at 11805 and 11747, under that 1690 to 11665 should contain a decline
Resistance is at 11920 to 11975 and 12030

June Swiss Franc
Recommended Open Position Long at 7711
Resistance should appear near the 7836 to 7864 region.
Support should appear near 7763 then 7726 and 7689 to 7675

June British Pound
Recommended Open Position Long 1.6296
Support should appear near 1.6352 then 1.6284 and 1.6226

Resistance should appear near1.6420 then 164.85 and 1.6550.

June Canadian Dollar
Recommended Open Position Long at 7257
Support should appear near 7255 to 7242 and 7170 to 7143

Resistance is at 7291 and 7328 to 7342

June Aussie Dollar
Support is at 6577 then 6543 and 6509 to 6483

Resistance should appear near 6591 and the 6659 to 6673 region

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8668 to 8683 and the 8762 to 8777 region

Support should appear near 8589 to 8560 and the 8499 to 8484 region

June SP500
Resistance should appear near 942.90 to 944.50 and 952.60 to 954.20

Support should appear near 934.70 to 931.60 and 923.60.

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

Nasdaq Composite
Resistance should appear near 1512.5 and 1529 to 1535

Support should appear near the 1496 to 1484 and 1459 to 1453

June Mini Nasdaq 100
Resistance is at 1136 then 1150 and 1164 to 1169

Support is at 1115.5 and 1101 to 1096

June Ten Year T-Notes
Resistance should appear near 119-04 and 119-23

Support is at 118-22 then118-04 and 117-23

The Precious Metals
Traders should move analysis from June Gold to August Gold, stay tuned for Flashes

June Gold
Recommended Open Position Long at 364.4

August Gold
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 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
Recommended Open Position Long at 465.5
Support should appear near the 465 to 463.5 region.. Below that buyers should appear near 458.5 to 457.0.

Resistance is at 469.5 to 471.5 and 477.5 to 478.5

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 8500 to 8485 and 8405 to 8390

Resistance should appear near 8590 then 8665 to 8685 and 8760 to 8775

July Heating Oil
Resistance is at 7485 to 7515 and 7585 to 7605

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

Resistance is at 7342 and 7412 to 7427

June Lean Hogs
Recommended open position Long at 6512
Support is at 6337 and the 6272 to 6257 region

Resistance is at 6417 to 6432 and 6482 to 6507

July Pork Bellies
Support should appear near 9347 to 9317 then 9237 and 9157 to 9142.

Resistance is at the 9427 to 9447 region. Beyond that a test of 9527 to 9542 is likely.
Aggressive BW 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 633 1/4 to 635 and 641 3/4 to 643

Support should appear near 627 to 625 3/4 and 619 to 616 1/2.. Below that BW traders can buy at 604 3/4 and risk a close under 584 3/4 for three days in a row. 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 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 194.6 to 195.3

July Soybean Oil
Resistance should appear near 2267 to 2275 and 2315 to 2322

Support should appear near 2226 to 2219

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

Support should appear near the 241 3/4 to 241 1/4 region.

July CBOT Wheat
Support should appear at 321 1/4 to 319 1/2 and 315 3/4 to 314 3/4.

Resistance is at 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 at 6715
Support is near 6510 to 6485 and the 6430 to 6415 region.

Resistance should appear near 6575 to 6590 and 6655 to 6675.

July Cocoa
Support is at 1655 to 1642 and 1615 to 1609

Resistance should appear near 1689 to1696 and 1731 to 1738

July Sugar
Recommended open position Long 728
Support should appear near 723 and 712 to 704

Resistance should appear near 735 to 739 and 751

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 5345 to 5355 then 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
Monday May 26th , 2003
2:35 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.