Economic and Investment Trend Analysis

Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500 - Precious Metals - Energy - Livestock - Grains - Softs
Description of Services Premier Service

FuturesCom Investment Publications
Morning Comments , Thursday March 14th, 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

"Accomplishments will prove to be a journey, not a destination"
--Dwight D. Eisenhower--

Wed March 13th, 2002
6:00 PM Eastern Standard Time

The Frenzied Forex Front

June Yen
Support should appear near 7763 and 7726.. under that a test of 7689 to 7675 is likely..
Day traders can buy at 7690 and hold for higher prices.
Resistance should appear near 7834 to 7864 Day traders can sell at 7833 and hold for lower prices..

June Euro Currency (EC)
Support should appear at 8723 and 8683 to 8668.
Resistance is at 8762 to 8777, a close over 8777 is friendly and augurs for a test of 8818 and eventually the 8856 to 8871 region.

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

June Swiss Franc
Resistance should appear near 5998 and 6023 to 6035.
Support should appear near 5957 to 5945 and 5912
Day Traders can buy at 5958 and hold for higher prices.. .

June British Pound
Recommended Open BW Position , long at 1.4074
Support should appear near 1.4036 and 1.3990
Resistance is at 1.4150 to 1.4180 and 1.4210, a close over is friendly and augurs for s test of 1.4372
BW Traders should go long if a close over 1.4180 occurs.

June Canadian Dollar
Recommended Open BW Position Long at 6273
Support should appear at 6257 and 6223
Resistance is at the 6271 and 6305.

June Aussie Dollar
Recommended open BW position Long at 5176
Support is at the 5139 to 5127 region..
Day Traders can buy at 5140 and risk 30 pts.
Resistance should appear near 5176 and 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 10,525 and 10,580 to 10,630.. Beyond that sellers should appear near 10,630 and the 10,757 region.
Support should appear near 10,470 and the 10,360 to 10,320 region.

June SP500
Resistance is at 1164 to 1166.50 and 1169.. Beyond that sellers should appear near 1180.50.
Day traders can sell at 1180.40 and hold for lower prices..

Support should appear at 1150.. Below that a test of 1143 and the 1136 to 1133 region is likely..
Day traders can buy at 1143.1 for a bounce and hold for higher prices..

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

Nasdaq Composite
Resistance is at 1869 then 1883.5 and the 1902 to 1909 region. .
Support is at 1858.. below that a test of 1841 is likely.

June Mini Nasdaq 100
Resistance is at 1512 and 1529 to 1535.. Beyond that 1552 should cap a rally for a bit..
Support is at 1496 to 1484.. an extended trade under is negative and augurs for a test of
1471 and 1459 to 1453

Trade Accordingly

June 10 Year T-Note
Resistance should appear near 103-23, beyond that a test of 104-07 is likely. ..
Support is at 103-07 and 102-23 .

Precious Metals

April Gold
Recommended Open BW position long at 293.9
Support should appear at the 292.8 and the 288.3 to 287.4 region.
Resistance is at 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.

May Copper
Nearby Support should appear near the 7345 to 7325 region.. and under that buyers should come in near 7255 to 7240. 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 7415 to 7430 and 7485 to 7510

May Silver
Support should appear near 451.5 to 450.5 and 444.5 to 443 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 the 457 to 458.5 region.. .. A close over is friendly and augurs for a test of 463.5 to 465 and beyond towards the 469.5 to 471 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 2461 to 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 7955 to 7940 and 7865 to 7835 under that 7780 to 7760 should hold.

Resistance is at 8045 then 8115 to 8135 and 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 6485 to 6510..Above that sellers 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 7427 to 7412 and 7342 to 7327
Resistance is at 7487 to 7512 and the 7587 to 7602 region.

April Hogs
Support is at 5717..Below that buyers should emerge near the 5657 to 5647 region and contain a decline. Day Traders can buy at 5657 and hold for higher prices..

Resistance is at 5792 to 5807 and the 5852 to 5882 region. Beyond that
BW .Traders can sell at 5912 for a turn lower and hold for lower prices..

June Hogs
Support is at 6577 and the 6512 to 6482 region .. Day Traders can buy at 6512 and hold for higher prices ..
Resistance is at the 6657 to 6672 region. Beyond that sellers should appear near 6742 to 6757.

May Pork Bellies
Support should appear 8047 to 8022.. an extended trade under is negative and augurs for a test of 7957 to 7937 then 7867 to 7837 and eventually a test of the 7777 to7762 region.
.
Resistance is at 8117 to 8137 , beyond that sellers should appear near 8192 to 8222

-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 156.9 to 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 the 1655 and the1689 to 1696 region..

May Corn
Resistance should appear near 208 to 208 3/4 and 210 1/2.
Support is at 206 3/4 and 204 1/4 to 203 1/2.

May Wheat
Support should appear at 275 3/4 and 272 1/2 to 271 3/4
Resistance is at the 277 1/2 and 279 3/4
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
Support is near 5555 and 5505 to 5490..below that buyers should appear near 5430 to 5415
and the 5355 to 5345 region.
Resistance should appear near 5640 to 5655 , an extended trade over is friendly and augurs for a test of 5715 to 5730 and the 5855 to 5880 region. .

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. BW 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 3910 to 3930.

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
Wed March 13th 2002
7:25 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.