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 19th, 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

"If the Creator had a purpose in equipping us with a neck, he surely meant for us to stick it out. "
-- Arthur Koestler --

Monday March 18th, 2002
3:30 PM Eastern Standard Time

The Frenzied Forex Front

June Yen
Support should appear near 7601 to 7587 and should contain a decline..
BW Traders can buy at 7602 for a bounce and risk a close under 7585 for three days in a row.

Resistance should appear near 7675 to 7689..

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 6068 and 6100 to 6115.
Support should appear near 6023 and 5998 .

June British Pound
Recommended Open BW Position Long at 1.4192
Support should appear near 1.4180 to 1.4150 and 1.4076
Resistance is at 1.4210, a close over is friendly and augurs for s test of 1.4372

June Canadian Dollar
Support should appear at 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
Resistance should appear near 5250 to 5282..

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10,580 to 10,630 then 10,680 and the 10,757 region.
Support should appear near 10,470 and 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.

** BW Traders should go short if a close under 1163.90 occurs..

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

Nasdaq Composite
Resistance is at 1883.5 .Beyond that a test of 1902 to 1909 is likely
Support is at 1865 to 1858 , a close under augurs for a test of 1841 and the 1822 to 1808.region

June Mini Nasdaq 100
Resistance is at 1512,5 and 1529 to 1535 beyond that 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 102-23 then 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
Recommended open BW Position Long at 7645
Support should appear near the 7605 to 7585 and 7510 to 7485. .
Resistance should appear near 7675 to 7690... A close over is friendly and augurs for a test of 7760 to 7780 and eventually the 7835 to 7865 region..

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 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 2519 to 2511 then 2469 to 2461 and the 2419 to 2411 region..
Resistance is at the 2552 to 2568 region. .Beyond that a test of 2612 to 2620 is likely to occur..

May Unleaded Gas
Recommended Open BW Position Short at 8295
Support should appear near 8300 and 8225 to 8195 under that 8135 to 8115 should hold.

Resistance is at 8390 to 8405 and 8485 to 8500.

May Heating Oil

Resistance is at 6655 to 6675 then 6740 to 67555 and the 6810 to 6835 region .
Support should appear near 6590 to 6570 , a slip under augurs for a test of 6510 to 6480.

                                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

April Hogs
Support is at 5357 to 5342 and the 5282 to 5257 region.
Resistance is at 5417 to 5432 and 5492 to 5507.

June Hogs
Support is at 6272 to 6257 and 6187 to 6162
Resistance is at the 6337 to 6352. a close over is friendly and augurs for a test of 6482 to 6507.

** BW Traders should go long if a close over 6357 occurs.. .

Stay tuned for BW Updates in the June Hogs..

May Pork Bellies
Support should appear near 7602 to 7587 and should hold for a bit.. .A slip under augurs for a test of
7512 to 7487 where buyers should appear and contain the decline

Resistance is at 7687 and 7762 to 7777 , beyond that sellers should appear near 7832 to 7862
Day traders can sell at 7832 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 463 3/4 to 465.
Support should appear at 458 1/2 to 457 and the 451 1/2 to 450 1/2 region.. BW Traders can buy at 458 ½ and risk a close under 450 ½ for three days in a row.. Under that buyers should appear near
444 3/4 to 443 3/4

July Soybeans
Resistance is at 469 1/2 to 471 3/4.
Support should appear at 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..

May Soybean Meal
Recommended open BW Position , long at 158.7
Support should appear near 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 156.9 to 157.6 region

May Soybean Oil
Support is near 1615 to 1609
Resistance should appear near 1642 to 1655

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 5070 to 5035 and 4925 to 4915 , under that buyers should appear near 4855 to 4845 and the 4785 to 4775 region. BW Traders can buy at 4865 and risk a close under 4770 for three days in a row.
Resistance should appear near the 5200 to 5210 region. Beyond that sellers should appear near 5345 to 5355

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 3855 then 3805 to 3795 and 3745 to 3735.
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
Monday March 18th 2002
4:30 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.