Precious Metals - Energy - Livestock - Grains - Softs
FuturesCom
Investment Publications
Morning
Comments, Wed
April
10th 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
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of Services
Premier
Service
"A
lot of people approach risk as if it’s the enemy,
when it’s really fortunes accomplice.”
Tuesday, April 09th 2002
7:20 PM Eastern Standard Time
The Frenzied Forex Front
June Yen
Support should appear near 7639 and 7601 to 7587..
Resistance
should appear
near 7675 to 7689
June Euro Currency (EC)
Recommended Open BW Position Long
at 8780
Support should appear at 8762 and 8723 under that 8683 to 8668 should contain a
decline
. BW Traders can buy at 8684 and risk a close under 8668 for three days in a
row .
Resistance is at 8818 and the 8856 to 8871 region.. which looks
more and likely to tested sooner than later..
June Swiss Franc
Resistance
should appear near 6023 to 6035.
Support
should appear near 5998 and 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 2 at 1.4324 avg
Support should appear near 1.4272 and 1.4212
to 1.4180 then 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
1.4372 then 1.4426 .. beyond that a test of 1.4530 to 15490 is
likely.
June Canadian Dollar
Recommended Open BW Position 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 5259 and 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 5282 and
5307.. beyond that a test of 5344 to 5356 is likely.
Aggressive BW Traders should go long if a close over 5284 occurs
The Sensational Stock and Bond markets
Dow Jones Industrial Average
Resistance should appear near 10,257 and 10,320 to 10,360.
Support should appear near 10,136 to 10,104 and the 10,021 to 10,037 region..
June SP500
Resistance is at 1122.70 then 1126.40 and 1130 to 1136.. a close over 1136
is friendly and augurs for a test
of 1150
Support should appear at 1115.5.. another slip
under 1115.50 or inability to get back over 1133.00
for any length of time is again negative and augurs for an
eventual test of the 1101 to 1096 region.
*Stay Tuned for BW Updates and additional trades during the trading sessions..
Nasdaq Composite
Resistance
is
at 1774 to 1783 and 1808 to 1822 ..
Support should appear near the 1738 to 1731 region where buyers should
appear and contain a decline.
June Mini Nasdaq 100
Resistance is at 1377 to 1383 and 1396.
support is at the 1346 to 1334 region..
.
June 10 Year
T-Note
Resistance should appear near 104-23,
beyond that a test of 105-04 is likely and should cap a rally for a bit...
Support
is
at 104-02 then 103-23 and 103-12 to 103-07
Precious
Metals
June
Gold
Recommended open BW Position , long at 303
Support
.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
Recommended open BW position , long at 7260
Support should
appear near 7240 then 7170 to 7140 and the 7090 to 7075 region..Under that
buyers should appear near 7005
to 6990 . ..
Resistance should appear near 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
The Exciting Energies
June Crude Oil
Recommended
open BW position , long at 2675
Support should appear near
2568 to 2552 and the 2519 to 2511 region.
Resistance is at 2612 to 2620.
June Unleaded
Gas
Support should appear near 8225 to 8195
and 8045 to 8030.
Resistance is at 8300 to 8315 and 8390
to 8410
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 6755 to 6740 and 6670 to 6655 ...BW traders
can buy at 6670 and hold for higher prices risk a close under 6480 for three
days in a row.
The Lively Livestock
June Cattle
Support should
appear near the 6352 to 6337 and 6272 to 6257.
Resistance
is
at 6417 to 6432 and the 6482 to 6507
region
June
Hogs
Recommended open BW position long 2 at 5622 avg
Nearby Support is at 5577 to 5552 and the 5507 to 5492
region. Under that that buyers should emerge near 5432 to 5417.. .
Resistance is
at 5612
and the 5637 to 5642 region.. Beyond that a test of 5712 to 5727 is likely.
May Pork Bellies
Recommended open BW position 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-
The Grande Grains
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.
Recommended Open BW position , long 469 3/4
Resistance is at
465 and 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 1615 to 1609
then 1576 to 1569 which should
hold.
Resistance should
appear near 1642 to 1655 and 1689 to 1696..
July Corn
Resistance should appear near 208 3/4 and 210 1/2
Support is
at 204 3/4 to 204. .
BW Traders should go long if a close over 208 ¾
occurs
May Wheat
Support should
appear at 267 1/4 to 2661/4 .
Resistance is at the 271
3/4 to 272 1/2 region..
The Satisfying Softs
Recommended
open BW Position
, long at 1491
Resistance is at 1484 to 1496 and1529 to 1535
Support should
appear near 1459 to 1453. Below that support
is at 1421 to 1415..
BW Traders should go long if a close over 1535 occurs..
July
Coffee
Recommended
open BW position long at 5830
Support
is near 5805 to 5790 and 5730 to 5715 under
that 5580 to 5555 should hold.
BW Traders can buy at 5580 and risk a close under 5340 for three days in a row.
Resistance should appear near 5855 to 5880 then 5945 to 5955 and the 6020 to 6035 region.
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
Nearby
Support
should
appear near the 3805 to 3795 region.. under that 3745 to 3735
should contain a decline
Resistance is at 3910 to 3930
and 3980 to 3995 .
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
Tuesday April 9th 2002
8:30 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.
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