Economic and Investment Trend Analysis

Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500 - Precious Metals - Energy - Livestock - Grains - Softs
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FuturesCom Investment Publications
Morning Comments , Tuesday March 12th, 2002
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 March 11th, 2002
3:00 PM Eastern Standard Time

The Frenzied Forex Front

June Yen
Recommended Open BW Position short at 7816
Support should appear near 7777 to 7763

Resistance should appear near 7864 and 7939 to 7954…

June Euro Currency (EC)
Recommended open BW Position long at 8702
Support should appear at 8683 to 8668, BW Traders can buy at 8684 and risk a close under 8668 for three days in a row . Below that support is at 8589 to 8560 and the 8499 to 8484 region.
Resistance is at 8723 and 8762 to 8777, a close over 8777 is friendly and augurs for a test of 8818 then 8856 to 8871

Aggressive BW traders should go long if a close over 8777 occurs.

June Swiss Franc
Resistance should appear near 5998 and 6023 to 6035. Beyond that sellers should appear near 6100 to 6115 and the 6165 to 6190 region. BW Traders can sell at 6164 for a turn lower and risk a close over 6190 for three days in a row..

Support should appear near 5957 to 5945 and 5912

June British Pound
Support should appear near 1.4072 and 1.3990
BW Traders can buy at 1.4074 for a turn higher and risk a close under 1.3990 for three days in a row..

Resistance is at 1.4150 to 1.4180 and 1.4210, a close over is friendly and augurs for s test of 1.4372 and beyond towards the 1.4530 to 1.4590 region.

BW Traders should go long if a close over 1.4180 occurs.

June Canadian Dollar
Support should appear at 6305 and the 6271 to 6257 region., BW traders can buy at 6273 and risk a close under 6255 for three days in a row..
Resistance is at the 6337 to 6350 region .. A close over is friendly and augurs for a test of 6417 to 6430 and most likely the 6483 to 6509 region..

BW Traders should go long if a close over 6350 occurs.

June Aussie Dollar
Recommended open BW position Long at 5176
Support is at 5176 and the 5139 to 5127 region..
Resistance should appear near 5200 to 5211 a close over is friendly and augurs for a test of 5250 to 5282..

Aggressive BW Traders should go long if a close over 5211 occurs

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10,630 to 10,680.. Beyond that resistance should appear near 10,820 and 10,960 to 11,010…

Support should appear near 10,580.. an extended trade or close under augurs for an eventual test of the
10,360 to 10,320 region.

June SP500
Resistance is at 1180.50 and the 1192 to 1203 region.
Support should appear at 1169 to 1164 a close under augurs for a test of 1136 to 1130

*Stay Tuned for BW Updates & MC Day Trades during the trading session..

Nasdaq Composite
Resistance is at 1946 to 1953 and 1982 to 1996 .
Support is at the 1927 and the 1909 to 1902 region

June Mini Nasdaq 100
Resistance is at 1569 to 1576 and 1609 to 1615
Support is at 1552 and 1535 to 1529

Trade Accordingly

June 10 Year T-Note
Resistance should appear near 103-07 and 103-23 , which should cap a rally for a bit...
Support is at 102-17 and 102-12 under that a test of 101-23 is likely..

Precious Metals

April Gold

Recommended open Position Long at 298.2
Support should appear at the 288.3 to 287.4 region.
Resistance is at 292..8 to 293.7 and 295.5 a close over is friendly and augurs for a test of 297.2 to 299 and most likely the 303.6 to 304.5 region.

BW Traders should go long/ add if a close over 293.9 occurs

May Copper
Support should appear near 7430 to 7415 and the 7345 to 7325 region.. and under that buyers should appear near 7255 to 7240v BW traders can buy at 7260 and hold for higher prices.. Initially plan on risking a close under 7140 for three days in row.. .

Resistance should appear near 7485 to 7510 and 7580 to 7605
BW Traders should go long if a close over 7610 occurs

May Silver
Support should appear near 444.5 to 443 and the 438.5 to 437 region. BW Traders can buy at 444.5 and hold for higher prices, initially plan on risking a close under 430 for three days in a row..

Resistance is at 450 1/2 to 451 1/2 and the 457 to 458.5 region..
Aggressive BW Traders should go long if a close over 458.5 occurs. ..Stay tuned for Updates

The Exciting Energies

May Crude Oil
Support should appear near 2419 to 2411 and 2370 to 2354
Resistance is at 2469, a close over is friendly and augurs for a test of 2511 to 2519 and the 2552 to 2568 region. .

BW Traders should go long if a close over 2469 occurs..

May Unleaded Gas
Support should appear near 7865 to 7835 and 7780 to 7760

Resistance is at 8020 to 8045 and 8115 to 8135.. Beyond that resistance should appear near 8195 to 8225.. Above that sellers should appear near the 8300 to 8315 . BW Traders can sell at 8295 and risk a close over 8410 for three days in a row.

May Heating Oil
Resistance is at the 6415 to 6430 region.. Beyond that a test of 6485 to 6510 is likely..Above that resistance should appear near 6655 to 6670. a close over is friendly and augurs for an eventual test of 6740 to 6755
Support should appear near 6350 to 6335 and 6225 to 6190 under that 6115 to 6100 should hold.

The Lively Livestock

April Live Cattle

Support should appear near the 7512 to 7487

Resistance is at 7587 to 7602 and 7672 to 7692

April Hogs
Support is at 5732 to 5717..Below that buyers should emerge near the 5657 to 5647 region and contain a decline. BW Traders can buy at 5657 and risk a close under 5552 fro three days in a row..

Resistance is at 5792 to 5807 and the 5852 to 5882 region. .Above that sellers should appear near 5942 to 5957.. BW .Traders can sell at 5912 for a turn lower and hold for lower prices..

June Hogs
Nearby Support is at 6592 to 6577 and the 6512 to 6482 region .. Below that support should appear near 6432 to 6417.. .. BW Traders can buy at 6487 and hold for higher prices going forward..

Resistance is at the 6657 to 6672 and 6742 to 6757

May Pork Bellies
Nearby Support should appear at 7867 to 7837 and the 7777 to7762 region ..Under that buyers should appear near 7692 to 7672

Resistance is at 8027 to 8042 and 8117 to 8137.

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande' Grains

May Soybeans
Resistance is at to 469 ½ to 471 ½ ,

Support should appear at 458 ½ to 457 and the 451 ½ to 450 ½ region.. BW Traders can buy at 458 ½ and risk a close under 450 ½ for three days in a row..
BW Traders should go long if a close over 471 ½ occurs

July Soybeans
Resistance is at 471 1/2 and 477 1/2 to 478 3/4
Support should appear at 465 to 463 ¾ under that buyers should appear near 458 ¼ to 457 ..BW Traders can buy at 459 and hold for higher prices..

Aggressive BW Traders should go long if a close over 478 ¾ occurs

May Soybean Meal
Support should appear near 153.5 to 152.9 …BW Traders can buy at 153,5 for a turn higher , risk a close under 152.9 for three days in a row.
Resistance is at 157.6 ..Beyond that a test of the 160.9.to 161.5 region is likely

BW Traders should go long if a close over 157.6 occurs.

May Soybean Oil
Support is near 1642 and 1615 to 1609
Resistance should appear near 1655 and the 1689 to 1696 region.. B

May Corn
Resistance should appear near 212 3/4 to 213 1/2.

Support is at 208 3/4 to 208 .
BW Traders should go long if a close over 213 1/2 occurs.

May Wheat
Support should appear at 272 1/2 to 271 3/4
Resistance is at the 275 1/2 to 277 1/2

BW Traders should go long if a close over 277 3/4 occurs..

The Satisfying Softs

May Cocoa
Resistance is at the 1569 to 1576 region .. Above that sellers should appear near 1609 to 1615.
BW Traders can sell at 1608 and hold for lower prices.. Risk a close over 1655 for three days in a row..

Support should appear near 1535 to 1529 and 1496 to 1484

May Coffee
Recommended open BW position, long at 5415
Support is near 5215 to 5200 and 4995 to 4975.. under that BW Traders can buy at 4865 and risk a close under 4770 for three days in a row. Under that support should appear near 4715 to 4695 and the 4650 to 4635 region
Resistance should appear near 5490 to 5505 and the 5550 to 5575 region.. Beyond that a test of the 5715 to 5730 region is likely.

May Sugar
Support should appear near 609 to 601 and 586 to 582 . Below that 562 to 558 should hold
BW Traders can buy at 587 and risk a close under 557 for three days in a row.

Resistance should appear near 630 to 634, a close over augurs for a test of 656 to 661.. Beyond that a trade towards 682 to 686 is likely. Traders should go long if a close over 635 occurs.

May Cotton

Nearby Support should appear near 3745 to 3735 . Below that 3565 to 3555 should hold
Resistance is at 3855 to 3865 and 4045 to 4055 , beyond that 4110 to 4120 should cap a rally..

.

A Ship in Harbor is Safe.. But that is not what ships are built for --

Happy Trading !
Bill
bill@futurescom.com
1--561-433-2995
Monday March 11th 2002
5:11 PM

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.