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 June3rd, 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 June 2nd, 2003
2:30 PM eastern standard time

The ‘Frenzied’ Forex Front

June Yen
Recommended Open position Long at 8440
Support should appear near 8406 to 8391 and 8314 to 8300, under that support is at 8223 to 8194 region..Below Traders can buy at 8227 for a bounce and risk a close under 8187 for three days in a row.

Resistance should appear near 8484 to 8499 and the 8560 to 8589 region . Which should Cap a rally..

June Euro Currency (EC)
Recommended open position long at 11697
Support should appear at 11690 to 11640.. Below that buyers should appear near 11535 then 11500 and 11470.

Resistance is at 11805, a close over is friendly and augurs for a test of 11920 to 12030 and beyond towards the 12320 to 12380 region..

Aggressive BW traders should go long if a close over 11811 occurs.

June Swiss Franc
Recommended open position long at 7711
Nearby Resistance should appear near 7762 to 7777 and the 7836 to 7864 region. Beyond that a test of 7939 to 7954 is likely.

Nearby Support should appear near 7689 to 7675 and 7637, under that buyers should appear near 7601 to 7589   BW Traders can buy at 7603 and hold for higher prices.. Below that buyers should appear near 7552 and the 7513 to 7486 region.. Under that support is at 7428 to 7414 and the 7342 to 7328 region, which should contain a decline ..

Aggressive BW traders should go long if a close over 7731 occurs.

June British Pound
Support should appear near 1.6352 then 1.6284 and 1.6150 to 1.6090. BW Traders can buy at 1.6168 and risk a close under 1.6076 for three days in a row.
Resistance should appear near the 1.6420 to 1.6550 region.

June Canadian Dollar
Recommended open position long at 7257
Support should appear near 7255 to 7242. Below that 7170 to 7143 should contain a decline for a bit.

Resistance is at 7328 to 7343, a close over is friendly and augurs for a test of 7414 to 7428 and the 7487 to 7513 region.
BW Traders should go long if a close over 7347 occurs.

June Aussie Dollar
Recommended Open position Long 2 at 6529 avg
Support is at 6509 to 6483 and the 6430 to 6417 region.

Resistance should appear near 6577 to 6591

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near the 8934 to 8964 region. Above that sellers should appear near 9044 to 9060 . A close over is friendly and augurs for a test of 9140 to 9156, which should cap a rally for a bit..

Support should appear near 8871 to 8856 and 8777 to 8763

June SP500
Recommended open Position Short 970.20
Resistance is at should appear near 970.60 to 973.70 region. Beyond that resistance should appear near 982.90 to 983.70 then 992.10 to 993.70 and the 1002.19 to 1003.70 region.

Support should appear near 964.10 to 962.50 and 954.20 to 952.60

BW Traders should go short if a close under 942.40 occurs.

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

Nasdaq Composite
Nearby Resistance should appear near 1609 to 1615 and the 1642 to 1655 region.

Support should appear near 1576 to 1569 and the 1535 to 1529 region.

June Mini Nasdaq 100
Resistance is at 1192 to 1203 and the 1232 to 1238 region. Beyond that a test of 1268 to 1274 is likely..

Support should appear near the 1169 to 1164 region. A slip under is negative and augurs for a test of 11346 to 1130.

September Ten Year T-Notes
Resistance should appear near 118-04 and 118-23

Support is at 117-23 and 117-07.. Below that buyers should appear near 116-23 and 116-04.

The Precious Metals

August Gold
Recommended Open Position Long at 374
Support should appear at 362.3 to 361.3 and the 356.3 to 355.3 region .. Below that buyers should appear near the 350.3 to 349.3 region.

Resistance is at 368.2 , a close over is friendly and augurs for a test of 373.4 to 374.3 and beyond towards 379.5 to 380.6..
BW Traders should go long if a close over 368.7 occurs

July Copper
Support should appear near 7865 to 7835 and 7780 to 7765

Resistance should appear near 7945 to 7955 , beyond that a test of 8030 to 8045 is likely.. A close over 8045 is friendly and augurs for a test of 8120 to 8135 and the 8300 to 8315 where sellers should appear and Cap a Rally.. BW Traders can sell at 8290 and risk a close over 8425 for three days in a row.

July Silver
Recommended open position long at 465.5
Support should appear near 450.0 and the 444.5 to 442.5 region

Resistance is at 457 to 458.5.

The Exciting Energies

July Crude Oil
Support should appear near 3045 to 3036 and 2990 to 2972

Resistance is at 3092 to 3102 and the 3148 to 3157 region

Trade Accordingly..

July Unleaded Gas
Support should appear near 8775 to 8760 and the 8590 to 8560 region

Resistance 9045 to 9060 and the 9140 to 9155 region.

July Heating Oil
Resistance is at 7760 to 7780. Beyond that sellers should appear near 7935 to 7955 and the 8025 to 8045 region.

Support should appear near 7605 to 7590 and the 7515 to 7485 region.

The Lively Livestock

August Live Cattle
Support should appear near 7087 to 7072

Resistance is at 7142 to 7172.. Beyond that sellers should appear near 7242 to 7257

July Lean Hogs
Support is at 6742 then 6672 to 6657 and 6592 to 6577 .BW Traders can buy at 6672 for a bounce and risk a close under 6567 for three days in a row.. Below that buyers appear near 6432 to 6417 and the 6352 to 6337 region.

Resistance is at 6757 and the 6807 to 6837 region ..Beyond that a test of 6907 to 6922 and the 6992 to 7002 region is likely.

Aggressive BW Traders should go long if a close over 6772 occurs..

July Pork Bellies
Recommended Open position Long 9647
Support should appear near 9542 to 9527 and the 9447 to 9427 region .. Below that buyers should appear near 9347 to 9307 . Well Heeled BW Traders can buy 9352 and risk a close under 9232 for three days in a row.

Resistance is at 9427 to 9642.. Beyond that a test of 9707 to 9737 and the 9827 to 9837 region is likely..
A close over 9837 is friendly and augurs for a test of 9922 to 9937

Aggressive BW Traders should go long if a close over 9842 occurs

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains

July Soybeans
Nearby Resistance is at 616 1/2 to 619 and 625 3/4 to 627

Support should appear near 611 1/4 to 610 1/4 and the 603 1/2 to 602 1/4 region..
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 627 3/4 occurs

July Soymeal
Recommended open position long 2 at 192.4 avg
Nearby Support should appear near the 186.8 to 185.8 region. Below that buyers should appear near 182.2 to 180.8

Resistance is at 190.2 to 190.9 and 194.6 to 195.3, a close over is friendly and augurs for a test of 198.2 to 199.6
BW Traders should go long if a close over 195.7 occurs

July Soybean Oil
Resistance should appear near 2185 and 2219 to 2226

Support should appear near 2170 and the 2134 to 2126 region.. Under that 2088 to 2080 should hold.. BW Traders can buy at 2092 for a bounce and risk a close under 2032 for three days in a row.

July Corn
Recommended Open position Long 241 3/4
Resistance should appear near 246 1/4 to 246 3/4

Support is at 241 1/4 and the 237 to 235 ½ region..

BW Traders should go long if a close over 247 ¼ occurs.

July CBOT Wheat
Support should appear at near 315 3/4 to 314 3/4 . Below that support should appear near 310 1.4 to 309 1/4

Resistance is at 319 1/2 to 321 1/4 and 326 1/4 to 327

The Satisfying Softs

July the ‘Monster’ Coffee
Recommended Open BW Position Long 6360 avg
Support is near 5955 to 5945 and the 5880 to 5855 region..
Resistance should appear near 6100 to 6115 and 6335 to 6350

July Cocoa
Support is at 1535 to 1529 and 1496 to 1484

Resistance should appear near 1569 to 1576 .. Beyond that sellers should appear near 1609 to 1615 and the 1643 to 1656 region. . .

July Sugar
Recommended open position long at 728
Support should appear near 686 to 682

Resistance should appear near 704 to 712.

BW Traders should go long if a close over 714 occurs.

July Cotton
Support should appear near 5035 and 4995 to 4975 . Below that buyers should appear near 4925 to 4925 and the 4855 to 4845 region.. Traders can buy at 4865 and risk a close under 4740 for three days in a row.

Resistance should appear near 5125 to 5140 , a close over is friendly and augurs for a test of 5200 to 5215 and the 5345 to 5355 region.

Traders should long if a close over 5155 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 June 2nd 2003

3:30 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.