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Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500 - Precious Metals - Energy - Livestock - Grains - Softs
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FuturesCom Investment Publications
Morning Comments , Wed April 3rd, 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 April 2ndt , 2002
2:30 PM Eastern Standard Time

The Frenzied Forex Front

June Yen
Support should appear near 7513 to 7486, a close under is negative and augurs for as test of the 7428 to 7414 region.. BW Traders can buy at 7429 for a bounce and risk a close under 7413 for three days in a row..
Resistance should appear near 7549 and 7587 to 7601 BW Traders should go long if a close over 7602 occurs.

June Euro Currency (EC)
Recommended open Position , long at 8780
Support should appear at 8762 then 8728 and 8683 to 8668, below that buyers should appear near 8628 and the 8589 to 8560 region..
Resistance is at 8777 then 8816 and 8856 to 8871

June Swiss Franc
Resistance should appear near 6023 to 6035 , a close over is friendly and augurs for a test of 6068 and 6101 to 6113.
Support should appear near 5998 and 5957 to 5945

June British Pound
Recommended Open BW Position Long at 1.4348
Support should appear near 1.4272 then 1.4210 to 1.4150
Resistance is at 1.4336, a close over augurs for an eventual test of the 1.4530 to 1.4590 region.

June Canadian Dollar
Recommended Open BW Position Long at 6307
Support should appear at 6271 to 6259 and 6223
Resistance is at 6305 and the 6337 to 6350 region .. BW Traders should go long if a close over 6350 occurs.

June Aussie Dollar
Recommended open position long at 5309
Support is at 5282 to 5259 and 5227..
Resistance is at the 5344 to 5356 region

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10,340 to 10,360 and 10,415 then 10,470 and 10,580 to 10,630
Support should appear at 10,320 and 10,257 under that a test of 10,180 and the 10,136 to 10,104 region is likely.

June SP500
Resistance is at 1143 then 1150, beyond that sellers should appear near 1157 and the 1164 to 1169 region.
Support should appear at 1136 to 1133 and 1130....eventually a test of 1115.50 should not be ruled out..
BW . Traders who have ‘ice water running thru their veins ‘ can buy at 1115.6 and hold for higher prices. Failure there is negative and augurs for a test of 1101 to 1096 …

Stay Tuned for BW Updates and additional trades during the trading sessions..

Nasdaq Composite
Resistance is at 1815 and 1822 then 1841 and the 1858 to 1865 region
Support is at 1808.. Below that buyers should appear near 1780 to 1774 .. A close under 1774 is negative for a slip to 1738 to 1731 where buyers should appear and contain a decline.

June Mini Nasdaq 100
Nearby Resistance is at 1438 and 1453 to 1458, beyond that resistance is at 1484 to 1496 and 1512.5
Nearby support is at the 1421 to 1415 region.... A close under 1415 is negatvie and augurs for a test of
1383 to 1377..Trade Accordingly and Stay tuned…
.

June 10 Year T-Note
Resistance should appear near 103-07, beyond that a test of 103-23 is likely.
Support is at 102-24 and 102-12 below that 102-04 should contain a decline for a bit…

Precious Metals

June Gold
recommended open BW Position long at 303
Support should appear at 304.5 to 303.6 and 299 to 297.2.
Resistance is at 309.2 to 310.2.. beyond that a test of the 314.8 to 315.7 region should not be ruled out..

May Copper
Support should appear near the 7605 to 7585 and the 7515 to 7485 region.
Resistance should appear near 7675 to 7690 and 7760 to 7780 ..

May Silver
Recommended Open BW Position Long at 458.5
Support should appear near 471.5 to 469.5 and 465 to 463.5
Resistance is at 477.5 to 478.5 Beyond that a test of the 484.5 to 485.5 region is likely.

Stay tuned for Updates

The Exciting Energies
May Crude Oil
Support should appear near 2758 and 2724 to 2716 under that 2672 to 2663 should hold
Resistance is at the 2820 to 2829 region..BW Traders can sell at 2819 for a turn lower and risk a close over 2938 for three days in a row.. Beyond that sellers should appear near 2874 to 2883..

May Unleaded Gas
Recommended Open potion Short 8555
Support should appear near 8680 to 8665 and 8590 to 8560
Resistance is at 8760 to 8775 and 8855 to 8870..

May Heating Oil
Recommended Open BW position , Short 6990
Resistance is at 7140 to 7170 and 7240 to 7255
Support should appear near 7074 and 7005 to 6990 and the 6920 to 6905 region

The Lively Livestock

June Live Cattle
Support should appear at 6592 to 6572
Resistance is at 6657 to 6672 and 6717..

April Hogs
Support is at the 4927 to 4912 then 4857 to 4842 and 4787 to 4772.
Resistance is at 5037 to 5067

June Hogs
Nearby Support is at 6037 to 6022 then 5957 to 5942 and 5882 to 5852
Resistance is at 6102 to 6112 a close over is friendly and augurs for a test of 6337 to 6352 and eventually the 6417 to 6432 region..

BW Traders should go long if a close over 6112 occurs.

May Pork Bellies
Support should appear at 7172 to 7142.. Below that buyers should appear near 7087 to 7072 and the 7002 to 6987 region.
Resistance is at 7242 to 7257 and 7322 to 7342 .

    -Stay tuned for Livestock and Belly Updates and Flashes-

                                                                  The Grande' Grains

May Soybeans
Recommended Open BW Position long at 472 1/2
Resistance is at 477 1/2 to 478 1/2 .. beyond that a test of the 484 1/2 to 485 ¾ region is likely
Support should appear at 471 1/2 to 469 1/2 and 465 to 463 1/2 then 458 1/2 to 457 .
BW Traders can buy at 458 1/2 and risk a close under 450 1/2 for three days in a row..

July Soybeans
Recommended Open BW Position long at 480 1/2
Resistance is at 478 3/4 and 484 1/2 to 485 3/4 beyond that a test of 491 1/2 to 492 3/4 is likely.
Support should appear at 471 1/2 to 469...Under that buyers should appear near 465 to 463 1/2 and 458 1/4 to 457 ..BW Traders can buy at 459 and hold for higher prices..

May Soybean Meal
Support should appear near 157.6 to 156.9 BW Traders can buy at 157.7 for a turn higher. Risk a close under 156.7 for three days in a row.
Resistance is at 160.9 to 161.5

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

May Corn
Resistance should appear near 204 3/4 and 206 1/4
Support is at 199 3/4 to 198 1/4

BW Traders should go long if a close over 208 3/4 occurs

May Wheat
Support should appear at 282 3/4 to 282, under that 277 1/2 to 275 3/4 should hold.
Resistance is at the 287 1/2 to 288 1/4

The Satisfying Softs

May Cocoa
Recommended open BW Position Long at 1491
Resistance is at 1496 and 1512
Support should appear near 1484 and 1459 to 1453

May Coffee
Support is near 5880 to 5855 and 5805 to 5790 under that buyers should appear near 5730 to 5715.
Resistance should appear near 5945 to 5955 and the 6020 to 6035 region. Beyond that a test of 6105 to 6115 is likely.

May Sugar
Recommended open BW Position , long at 587
Support should appear near 582 and 562 to 559 .
Resistance should appear near 586, a close over is friendly and augurs for a test of 601 to 609

May Cotton
Nearby Support should appear near 3805 to 3790 and the 3745 to 3735 region
Resistance is at 3870 and 3910 to 3930.. Beyond that a test of 3980 to 3990 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 April 2nd, 2002
3:35 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.