Precious Metals - Energy - Livestock - Grains - Softs
FuturesCom
Investment Publications
Morning
Comments, Friday April
12th 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
"Accomplishments will prove to be a journey, not a destination"
--Dwight D. Eisenhower--
Thursday, April 11th 2002
4:35 PM Eastern Standard Time
The Frenzied Forex Front
June Yen
Support should appear near 7601 to 7587.. Day Traders can buy at 7602 and
risk 25 pts
Resistance
should appear
near 7638 and 7675 to 7689 , a close over is friendly and
augurs for a test of the 7763 to 7777 region
June Euro Currency (EC)
Support should appear at 8777 to 8762 and 8723 under that 8683 to 8668 should contain a
decline .
Day Traders can buy at 8778 and hold for higher prices.. 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..
June Swiss Franc
Resistance
should appear near 6068
and 6101 to 6113.
Support
should appear near 6023 and 5998 then 5957 to 5945..
Day Traders can buy at 6024 and hold for higher prices..
BW Traders should go long if a close over 6037 occurs
June British Pound
Recommended open BW Position , long
1.4302
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 6272 to 6257. Below that support should appear near the 6190 to
6165 region. .
Resistance is at 6305 and 6335
to 6350
June
Aussie Dollar
Recommended open BW position long 5284
Support is
at 5307 and 5284 to 5259.
Resistance is at 5344 to 5356..
a close over 5356 is friendly and augurs for a test of 5418 to 5430
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 .. a close under
augurs for a test of 10,037 to 10,021.
June SP500
Resistance
is at 1115.50 and 1122.60. a close over 1115.50 is friendly and augurs for
a test of 1130 to 1136
Support should appear at the 1108.20 and the 1101 to 1096 region...
*Stay Tuned for BW Updates and additional trades during the trading sessions..
Nasdaq Composite
Resistance
is
at 1731 to 1738 and 1756
Support should appear near 1713.5 and the 1696
to 1689 region.
June Mini Nasdaq 100
Resistance is at 1361.5 and 1377 to 1383..
Support is at 1346 to 1434 and 1310 to 1304.
. .
June 10 Year
T-Note
Resistance should appear near 104-12 and 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
Resistance is at 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
Support should
appear near 7170 to 7140 and the 7090 to 7075 region..Under that
buyers should appear near 7005
to 6990 . ..
Resistance should appear near 7245 to 7255 and the 7325 to 7345 region. 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 458.5 to 457 and 451.5 to 450.5
Resistance is at 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
2511 and 2469 to 2461.. Day Traders can buy at 2471 and hold for higher prices.
Resistance is at 2552
to 2568 .
June Unleaded
Gas
Support should appear near 7865 to
7835 then 7780 to 7765 and the 7690 to 7675 region.
Which should contain a decline for a bit..BW . Traders can buy at 7695
and risk a close under 7580 for three days in a row..
Resistance is at 7940 to 7955 and 8030
to 8045
Recommended
open BW Position
long at 6630
Resistance is at 6575 to 6590 and 6655 to 6670
Support should appear near 6480 and 6430 to 6415 .. under that buyers should
appear near 6350 to 6335..
The Lively Livestock
June Cattle
Support should
appear near the 6272 to 6257 and 6192 to 6162.. Day traders can buy at 6192
and risk 40 pts .
Resistance
is
at 6337 to 6352 and the 6417 to 6432
region.
June
Hogs
Recommended open BW position long 2 at 5622 avg
Support is at 5142 to 5127 and 5067 to 5037.. Well Heeled Day Traders can
buy at 5067
and hold for higher prices...
Resistance is
at 5257 to 5282 and 5342 to 5357
May Pork Bellies
Support should appear near
6432 to 6417 and 6352 to 6337..
under that buyers should appear near 6272 to 6257..
Resistance is at 6482 to 6507
and the 6577 to 6592 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 457
and the 451 1/2 to 450 1/4 region.
Recommended Open BW position , long 469 3/4
Resistance is at
463 to 465
Support should appear at 458
1/4 to 457
May
Soybean Meal
Support should appear near
153.5 to 152.9
Resistance is at
156.9 to 157.6
May Soybean Oil
Support is
near 1642 and the 1615 to 1609
region.
Resistance should
appear near 1655 and 1672
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 3/4
occurs
May Wheat
Support should
appear at 269 1/4 and 267 1/4 to 2661/4 .
Resistance is at 271 3/4 to 272
1/2 and the 275 3/4 to
277 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..
July
Coffee
Recommended
open BW position long at 5830
Support
is near 5715 and the 5580 to 5555 region...
which should hold.
BW Traders can buy at 5580 and risk a close under 5340 for three days in a row.
Resistance should appear near 5790 to 5805 and 5855 to 5880
July Sugar
Recommended open BW Position , long 503
Support should appear near 490. Below that
support at 471 to 468
should hold.
Resistance should appear near 493 then 500 and the 507 to 515
region.
July
Cotton
Nearby Resistance
should
appear near 3930 and 3992 to 3992
Support
is at 3870 to 3855 and the 3805 to 3795 region.
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
Thursday April 11th 2002
5:35 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.
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