Economic
and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones -
Nasdaq - SP500
Precious Metals - Energy - Livestock - Grains - Softs
Bi-Weekly Outlooks
Premier Service
Products Quotes
Online Signup
Index Program
FuturesCom
Investment Publications
Morning Comments,
Wed March 31st, 2004
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
Tuesday March 30th 2004
3:30 PM .. West Palm Beach Time
The
Frenzied Forex Front
June Yen
Resistance should appear near 9526 to 9542 beyond that sellers
should appear near 9625 to 9641
Support should appear near 9445 to 9429, a close under augurs for a test of 9347 to 9316
June Euro Currency (EC)
Support should appear at 1.2030
to 1.1920 and 11.805
Resistance is at 1.2175 and 1.2320 to
1.2380
June Swiss
Franc
Recommended Open Position Short 7850
Resistance
should appear near 7836
to 7864 and 7939 to 7954
Support should appear near the
7777 to 7763 region.. Below that buyers should appear near the 7689 to 7675.region.
June British Pound
Recommended Open Position Short 1.7955
Support should appear near 1.8080 and the 17800 to 17740 region.
Resistance should appear near 1.8150
to 1.8220
June Canadian Dollar
Recommended Open Position Short 2 at 7508
Support should appear near 7601
to 7587.
Resistance is at 7675 to 7689
June Aussie Dollar
Recommended Open Position Short 7320
Support should appear near 7428 to 7414 and 7342 to 7328
Resistance should appear at 7486 to 7513 and 7586 to 7601
Trade Accordingly and stay tuned for Updates..
The
Sensational Stock and Bond Markets
Dow
Jones Industrial Average
Resistance should appear
near 10470 and 10580 to 10630
Support should appear near 10360 to 10320 and 10257
June SP500
Recommended Open Position Long 2 at 1111.5
Resistance should appear near 1130 to 1136 and 1150
Support should appear near 1115.50 and 1101 to 1096
Nasdaq Composite
Support should appear near 1996 to 1982 and 1953 to 1909
Resistance should appear
near 2034 to 2042
June Mini
Nasdaq 100
Resistance is at 1453 to 1459 and 1471.5
Support is at 1438 and 1421 to 1415
June
10 Year T-Note
Resistance should
appear near 115-07 and 115-22.
Support is
at 114-22 and
114-07.. Below that buyers should appear near 113-22
Precious Metals
June Gold
Recommended Open Position Short 2 at 418
Support should appear at 418.3 to 416.3 and 412 to 411
Resistance is at 423.8
to 424.9 and the 430.4 to 431.5
May Copper
Support should appear near 133.40 and the 131.00 to 130.40 region..
Resistance should appear near 137.70
to 138.30 and 141.50 to 142.10.
May Silver
Support should appear 769 to 767.5 and 751.5 to 748.5
Resistance is at 783.5 to 786.5 and the 802.9 to 804.4 region.
The Exciting Energies
May
Crude Oil
Support
should
appear near 3613 and 3563 to 3553 ..
below that a test of 3504 to 3493 is likely.
Resistance is at 3734 to 3743
and 3795 to 3806
May Unleaded
Gas
Resistance should appear
near 11640 to 11690 and 11920 to 12030
Support should appear near 11360 to
11300 and 11010 to
10960 .. an extended trade or close under augurs for a test of 10680 to 10580
May Heating Oil
Resistance should appear near 9044 to 9060 and
9316 to 9347
Support should appear near 8964 to 8934 and 8871 to 8856.. below that a test
of 8777 to 8762 is likely. .
Trade Accordingly…
The Lively Livestock
June Cattle
Recommended open position Short 7357
Support should appear at 7587 and 7512 to 7487
Resistance is at 7675 to 7692 and 7762 to 7777
June Hogs
Support is at 7427 to 7412 and 7342 to 7327
Resistance is at 7487 to 7512 then 7587 to 7602 and 7672 to
7692
July Hogs
Support is at 7002 to 6992 and 6922 to 6907
Resistance is at 7072 to 7087 and
7142 to 7172
May Pork
Bellies
Recommended open position Short 10122
Support should appear near 10680 to 10630 and 10580
Resistance is at 10820 and 10960 to 11010.
The Grande’ Grains
May Soybeans
Resistance is at 1032 to 1036 and 1047
Support should appear at 1013 3/4 to 1001 1/2 then 1003 34 to 1002 1/4 and
the 983 3/4 to 982 1/4 region
May
Soymeal
Support should appear near 315.7 to 314.8 then 310.1 to 309.2 and 304.5 to 303.6
Resistance should appear near 319.4 to 321.2 and 326.1 to 327 and
331.9 to 332.8
May Soybean Oil
Resistance should appear near 3319 to 3328 and 3377 to 3386
Support should appear near 3270 to 3261 and 3213
to 3194
July Corn
Recommended open position long at 323 1/2
Resistance should appear near 314 3/4
to 315 3/4 and 319 1/2 to
321 1/4 .
Support is at 315 3/4 to 314 3/4 and 310 1/4 to 309 1/4.. below
that buyers should appear near the 304 1/2 to 303 3/4 region.
BW traders can buy at 304 3/4 and risk a close under 292 1/4 for three days in a
row.
May CBOT Wheat
Recommended Open Position Long at 391 1/2
Support should appear near 412 to 411 then 405 3/4 to 404 3/4 and 399
1/4 to 398 1/4
Resistance should appear
near 416 1/4 to 418 1/4 and 423 3/4
to 424 3/4 .. beyond that a test of 430 1/2 to 431 1/2 is likely.
The Satisfying Softs
May the ‘Monster’ Coffee
Recommended open Position Long
7645
Support should appear near 7255 to 7240 and the 7170 to 7140 region. Below
that buyers should appear near 7090 to 7075.
Resistance should appear near 7415
to 7430 and the 7485 to 7515 region. Beyond that a test of 7585 to 7605 is
likely.
May Cocoa
Support is at 1484 then 1459 to 1453 and 1421 to 1415
Resistance should appear near 1529 to 1535 and
the 1569 to 1576 region.
May
Sugar
Support should appear near 609 to 601 and 586 to 582
Resistance should appear near 634 and 656 to 661.. beyond that a test
of 682 to 686 is likely.
May Cotton
Support
should appear near the 6510
to 6485 then 6350 to 6335 and 6270 to 6255.
.BW Traders can buy at 6355 and risk a close under 6245 for three days in a
row.
Resistance should appear near 6575 to 6590 and the 6655 to 6670 region.
A Ship in Harbor is Safe...But that is not what ships
are built for –
Stay tuned for
flashes and updates in all markets..
Happy
Trading!
Bill
wil@futurescom.com
1-866-409-3890
Tuesday March 30th, 2004
5:00 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.
-----------------------------------------------------------------------------------------
FuturesCom Investment Publications Copyright@1996-2004 all rights reserved
Recommended Open Positions
Short June Swiss Franc 7850
Short June British Pounds 17955
Short 2 June Canadian Dollars 7508 avg
Short June Aussie dollars 7320
Long 2 June SP500 1111.50 avg
Short 2 June Gold 418.00
Short June Cattle 7357
Short May Pork Bellies 10122
Long July Corn 323 1/2
Long May Wheat 391 1/2
Long May Coffee 7645