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 20th, 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

Tuesday March 19th, 2002
3:30 PM Eastern Standard Time

The Frenzied Forex Front

June Yen
Recommended Open BW Position Long at 7602
Support should appear near 7601 to 7587 and should continue to contain
a decline for a bit..

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 1.4150 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 5200 and 5176
Resistance should appear near 5228 and 5259 to 5282..

The Sensational Stock and Bond Markets

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

June SP500
Resistance is at 1174.70 and 1180.50.
Support should appear at 1169 and 1164 .
** 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 and 1902 to 1909.
Support is at 1865 to 1858

June Mini Nasdaq 100
Resistance is at 1512,5 and 1529 to 1535 ..
Support is at 1496 to 1484

Trade Accordingly

June 10 Year T-Note
Resistance should appear near 103-12. and 103-24..
Support is at 102-23 and 102-12.

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 293.7 and 295.9

May Copper
Recommended open BW Position Long at 7645
Support should appear near 7685 to 7665 and 7605 to 7585.
Resistance should appear near 7760 to 7780 and the 7835 to 7865 region..

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
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 8320 to 8300 and 8225 to 8195

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 6570 and 6510 to 6480, under that buyers should step in near 6430 to 6415.

                                The Lively Livestock

April Live Cattle
Recommended open BW position , long at 7257
Support should appear near 7087 to 7072
Resistance is at 7142 to 7172

April Hogs
Support is at 5212 to 5200 and 5142 to 5127.
Resistance is at 5287 and 5342 to 5357

June Hogs
Support is at 6187 to 6162 and 6037 to 6022
Resistance is at the 6257 to 6272, a close over is friendly and augurs for a test of the 6417 to 6432 region.

** BW Traders should go long if a close over 6272 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 7672 to 7687 and 7762 to 7777 , beyond that sellers should appear near 7832 to 7862

    -Stay tuned for Livestock and Belly Updates and Flashes-

                                                       The Grande' Grains

May Soybeans
Recommended open BW Position Long 2 at 465 1/4 avg
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..

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  Beyond that a test of 160.9 to 161.5 is likely.

May Soybean Oil
Support is near 1615 to 1609
Resistance should appear near 1642 to 1655 and 1672

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 297 1/2 and the 277 1/2 to 275 3/4 region.
Resistance is at 282 to 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 to1576 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 5280 to 5255 and 5210 to 5200 , under that buyers should appear near 5140 to 5125
Resistance should appear near the 5415 to 5430 and the 5490 to 5505 region. Beyond that a test of the 5550 to 5575 region is likely.

May Sugar
Support should appear near 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 609 and 620 then 630 to 634, a close over augurs for a test of 656 to 661.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

Tuesday March 19th 2002
3:50 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.