Morning Comments Monday

Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500-
Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments, Tuesday April 9th 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
Description of Services Premier Service

Monday, April 08th 2002
2:30 PM Eastern Standard Time



June Yen
Recommended open BW Position long at 7626
Support should appear near 7601 to 7587 and 7513 to 7486
Resistance should appear near 7675 to 7689
Aggressive BW Traders should go long if a close over 7690 occurs.

June Euro Currency (EC)
Recommended Open BW Position Long at 8780
Support should appear at the 8683 to 8668 region. BW Traders can buy at 8684 and risk a close under 8668 for three days in a row .

Resistance is at 8723 and 8762 to 8777

June Swiss Franc
Resistance should appear near 5998 and 6023 to 6035.

Support should appear near the 5957 to 5945 region..
BW Traders should go long if a close over 6037 occurs

June British Pound
Recommended open BW Position , long at 1.4348
Support should appear near 1.4212 and 1.4180 to 1.4150…BW . Traders can buy at 1.4150 for a turn higher and risk a close under 1.4068 for three days in a row..

Resistance is at 1.4292
BW Traders should go long if a close over 1.4292 occurs.

June Canadian Dollar
Recommended Open BW Postion long at 6307
Support should appear at 6257. Below that support should appear near the 6190 to 6165 region. .
Resistance is at 6272 and 6305

June Aussie Dollar
Recommended open BW position long at 5309
Support is at 5227 under that 5211 to 5200 should hold for a bit .BW .Traders can buy at 5228 and risk a close under 5174 for three days in a row..

Resistance is at 5259 and 5282.

Aggressive BW Traders should go long if a close over 5284 occurs

Dow Jones Industrial Average
Resistance should appear near 10,257 and 10,320 to 10,360.
Support should appear near 10,225... A close under is negative and augurs for another test of 10,136 to 10,104 and eventually the 10,021 to 10,037 region..

June SP500
Resistance is at 1126.40 and 1130 to 1136.. a close over 1136 is friendly and augurs for a test of 1150
Support should appear at 1122.70 and 1115.5.. another slip under 1115.50 or inability to get back over 1133 for any length of time is negative and augurs for a test of the 1101 to 1096 region.

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

Nasdaq Composite
Resistance is at 1783 and 1808 to 1822 ..
Support at the 1738 to 1731 region where buyers should appear and contain a decline.

June Mini Nasdaq 100
Resistance is at 1396 and 1415 to 1422..
support is at 1383 to 1377 and the 1346 to 1334 region..
.
June 10 Year T-Note
Resistance should appear near 104-07 and 104-23 which should cap a rally for a bit...
Support is at 103-23 and 103-12 to 103-07

June Gold
Recommended open BW Position , long at 303
Support should appear at 299 to 297.2 and the 293.7 to 292.8 region.
.BW Traders can buy at 293.8 and hold for higher prices, initially plan on risking a close under 292.6 for three days in a row..

Resistance is at 301.3 and the 303.6 to 304.5 region. An extended trade or close over 304.5 is friendly augurs for a test of 309.2 to 310.2 and eventually the 314.8 to 315.7 region..

BW Traders should go long / add if a close over 304.5 occurs

May Copper
Recommended open BW position , long at 7260
Support should appear near 7170 to 7140 and the 7090 to 7075 region.. and under that buyers should appear near 7005 to 6990 . ..

Resistance should appear near 7240 to 7255 and 7325 to 7345. a close over is friendly and augurs for a test of 7485 to 7515 and eventually the 7760 to 7780 region..

BW Traders should go long if a close over 7345 occurs

May Silver
Recommended open BW position long at 458.5
Support should appear near 451.5 to 450.5 then 444.5 to 443 and the 438.5 to 437 region. BW Traders can buy at 438.5 and hold for higher prices, initially plan on risking a close under 430 for three days in a row..

Resistance is at 457 to 458.5 and the 463.5 to 465 region.. a close over augurs for a trade towards 477.5 to 478.5 and eventually the 484.5 to 485.5 region

Aggressive BW Traders should go long if a close over 465 occurs. ..Stay tuned for Updates


June Crude Oil
Recommended open Bw position , long at 2675
Support should appear near 2663 and 2620 to 2612 and 2519 to 2511
Resistance is at 2716 to 2724 and the 2820 to 2829 region.

June Unleaded Gas
Support should appear near 8315 to 8300 and 8225 to 8195 ..
Resistance is at 8410 and 8485 to 8500.. A cloe voer is freindly and augurs for a test of 8560 to 8590 and 8760 to 8780

June Heating Oil
Resistance is at 6990 to 7005 and 7070 to 7090, a close over is friendly and augurs for an eventual test of 7325 to 7345
Support should appear near 6920 to 6905 and 6835 to 6810 ...


June Cattle
Support should appear near the 6272 to 6257 and the 6192 to 6165 region.
Resistance is at 6337 to 6352 and 6417 to 6432

June Hogs
Recommended open BW position long at 5657
Nearby Support is at the 5507 to 5492 region.. Under that that buyers should emerge near 5432 to 5417.. .

Resistance is at 5552 to 5577 and 5612.
* BW Traders should go long if a close over 5577 occurs.

May Pork Bellies
Recommended open BW poswtion long at 7092
Support should appear near 6837 to 6807 and the 6672 to 6657 region..

Resistance is at 6912 to 6922 and the 6992 to 7002 .region.

-Stay tuned for Livestock and Belly Updates and Flashes-

May Soybeans
Recommended open BW Position , long 2 at 465 1/2 avg
Resistance is at to 463 1/2 to 465

Support should appear at 458 1/2 to 457 and the 451 1/2 to 450 1/2 region.. Under that buyers should appear near 444 3/4 to 443 3/4 and the 438 1/2 to 437 region.

BW Traders should go long if a close over 471 1/2 occurs

July Soybeans
Recommended Open BW position , long 469 3/4
Resistance is at 469 1/2 to 471 1/2
Support should appear at 458 1/4 to 457 .. Below that buyers should appear near 451 34 to 450 1/2

May Soybean Meal
Support should appear near 153.5 to 152.9 Below that 149.6 to 148.4 should contain a decline for a bit..

Resistance is at 156.9 to 157.6 , a close over is friendly and augurs for a test of 160.9.to 161.5. and the 164.2 to 165.5 region

May Soybean Oil
Support is near 1642 under that 1615 to 1609 should hold.

Resistance should appear near 1655 and 1689 to 1696..

July Corn
Resistance should appear near 208 to 208 3/4

Support is at 204 3/4 to 204. .

BW Traders should go long if a close over 208 ¾ occurs

May Wheat
Nearby Support should appear at 275 3/4. Under that 272 1/2 to 271 3/4 should contain a decline...
Below that buyers should appear near 267 1/4 to 266 1/4

Resistance is at the 282 to 282 ¾ region.. Beyond that test of the 287 1/2 to 288 1/4 region is likely.
Traders should go long if a close over 277 3/4 occurs..




July Cocoa
Resistance is at 1529 to 1535 and the 1569 to 1576 region..a close over is friendly and augurs for a test of 1609 to 1615

Support should appear near 1484 and 1459 to 1453 . BW Traders can buy at 1491 and hold for higher prices.. Below that support is at 1421 to 1415..

BW Traders should go long if a close over 1535 occurs..

July Coffee
Support is near 5580 to 5555 and 5505 to 5490. BW Traders can buy at 5580 and risk a close under 5340 for three days in a row.

Resistance should appear near 56409 to 5655 and 5710 to 5730. A close over 5730 is friendly and augurs for a test of 5855 to 5880 and the 6020 to 6035 region.

BW Traders should go long if a close over 5730 occurs.

July Sugar
Recommended open BW Position , long 503
Support should appear near 493 to 490. Below that support at 471 to 468 should hold.

Resistance should appear near 507 to 515 and 534 to 538.

July Cotton
Recommended open BW position , long 3870
Nearby Support should appear near 3850 and the 3805 to 3795 region.. under that 3745 to 3735 should contain a decline
Resistance is at 3910 to 3930 and 3980 to 3995 .

BW Traders should go long if a close over 3955 occurs..

Trade Accordingly

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 April 8th 2002
3:45 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.