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 , Monday March 18th, 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

Observation. experience , memory and mathematics--These are what a successful trader must depend on. A man can have great mathematical ability and unusual power of accurate observation and yet fail in speculation unless he also possesses the experience and memory.
-Reminiscences of a Stock operator-

Saturday March 16th, 2002
7:30 PM Eastern Standard Time


                    The Frenzied Forex Front 

June Yen 
Support should appear near 7777 to 7763 and 7726..  under that a test of 7689 to 7675 is likely..
Day traders can buy at 7727 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)
Recommended Open BW Position Long at 8792
Support should appear at 8777 to 8762 and 8723.
Resistance is at 8816 and the 8856 to 8871 region.

June Swiss Franc
Resistance 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 6035 to 6023 and 5998 Day Traders can buy at 5999 and hold for higher prices.. .

June British Pound
Support should appear near 1.4076 and 1.4036 then 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 6305 and 6271 to 6257
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 5211 to 5200 and 5176
Day Traders can buy at 5177 and hold for higher prices.... .
Resistance should appear near 5250 to 5282..

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10,630 to 10,680 and the 10,757 region.
Support should appear near 10,580 , a close under is negative and augurs for a test of 10,470 and eventually the 10,360 to 10,320 region.

June SP500
Resistance is at 1169.. Beyond that sellers should appear near 1174.70 and 1180.50.
Support should appear at 1164 and 1157 ,. Below that a test of 1150 is likely.

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

Nasdaq Composite
Resistance is at 1869 and 1883.5 .Beyond that a test of 1902 to 1909 is likely
Support is at 1858 , a close under augurs for a test of 1841 and the 1822 to 1808.region

June Mini Nasdaq 100
Resistance is at 1512 . Beyond that 1529 to 1535 offers resistance , while 1552 should cap a rally for a bit..
Support is at 1496 to 1484 and 1471

Trade Accordingly

June 10 Year T-Note
Resistance should appear near 103-04. and 103-27..
Support is at 102-12 and 102-04 under that 101-23 should hold for a bit .

Precious Metals

April Gold
Recommended Open BW position long at 293.9
Support should appear at the 288.3 to 287.4 region.
Resistance is at 292.8 to 293.7

May Copper
Nearby Support should appear near the 7485 then 7430 to 7415 and the 7345 to 7325 region 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 7580 to 7605 and 7675 to 7690... A close over is friendly and augurs for a test of 7760 to 7780 and eventually the 7835 to 7865 region..

BW Traders should go long if a close over 7610 occurs

May Silver
Support should appear near 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.. Under that buyers should appear near 438.5 to 437
Resistance is at 450 to 451.5 and 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
Recommended Open BW Position , long at 2490
Support should appear near 2660 to 2461 and the 2419 to 2411 region..
Below that 2370 to 2354 should hold.
Resistance is at 2511 to 2519 and the 2552 to 2568 region. .

May Unleaded Gas
Support should appear near 8045 to 8030 and 7955 to 7940 under that 7865 to 7835 should hold.

Resistance is at 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 and 6575 to 6590..Above that sellers should appear near 6655 to 6670. a close over is friendly and augurs for an eventual test of 6740 to 6755 and the 6810 to 6835 region ,,, if it holds..
Support should appear near 6430 to 6415 under that 6350 to 6335 should hold.

The Lively Livestock

April Live Cattle
Recommended open BW position , long at 7257
Support should appear near 7172 to 7142 .
Resistance is at 7242 to 7257 and 7327 to 7342.. .

April Hogs
Support is at 5432 to 5417 and 5357 to 5342..
Resistance is at 5492 to 5507 and 5552 to 5582..

June Hogs
Support is at 6432 to 6417. Under that that buyers should emerge near 6352 to 6337
Day Traders can buy at 6357 and hold for higher prices..
Resistance is at the 6482 to 6512 region.. a close over is friendly and augurs for a test of 6577 to 6592 and the 6657 to 6672 region..

** BW Traders should go long if a close over 6437 occurs.. .

Stay tuned for BW Updates in the June Hogs..

May Pork Bellies
Support should appear 7777 to7762 and the 7687 to 7672 region..
Below that 7602 to 7587 should hold for a bit.. .
.
Resistance is at 7832 to 7862 and 7937 to 7957..
Day traders can sell at 7837 and hold for lower prices..

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande' Grains

May Soybeans
Recommended open BW Position Long at 472 1/4
Resistance is at 477 1/2 478 3/4...
Support should appear at 471 3/4 to 469 1/2 and 465 to 463 3/4

July Soybeans
Resistance is at 478 3/4 , beyond that a test of 484 1/2 to 485 3/4 is likely.
Support should appear at 471 3/4 to 469 1/2 and 465 to 463 3/4 under that buyers should appear near
458 1/4 to 457 ..BW Traders can buy at 459 and hold for higher prices..

Aggressive BW Traders should go long if a close over 478 3/4 occurs

May Soybean Meal
Recommended open BW Position , long at 158.7
Support should appear near 156.9 and 155.2 under that 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 the 160.9.to 161.5 region

May Soybean Oil
Support is near 1696 to 1689 and 1655 to 1642
Resistance should appear near 1731 to 1738.

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

May Wheat
Recommended Open BW Position , long at 279 1/4
Support should appear at 277 1/2 to 275 3/4 and the 272 1/2 to 271 3/4  region.
Resistance is at 282 3/4 and 285 1/4 .. Beyond that a test of the 287 1/2 to 2881/4 region is likely.

                             The Satisfying Softs

May Cocoa
Resistance is at the1569 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 3865 to 3855 and 3745 to 3735 . Below that 3685 to 3665 should hold
Resistance is at 3910 to 3930, beyond that a test of 3985 to 3995 and the 4045 to 4055 region is likely.

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
Saturday March 16th 2002
9:00 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.