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 Thursday, April 18th 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

" They say there are two side to everything. But there is only one side to the stock market:
and it's not the bull side or the bear side , but the right side. "
-Reminiscences of a stock operator-

Wed, April 17th 2002
3:10 PM Eastern Standard Time

                            The Frenzied Forex Front


June Yen
Support should appear near 7638 and 7601 to 7587 Day Traders can buy at 7638 and hold for higher prices
Resistance should appear near 7675 to 7689 , a close over is friendly and augurs for a test of the 7763 to 7777 region Aggressive BW Traders should go long if a close over 7690 occurs.

June Euro Currency (EC)
Support should appear at 8856 and 8818 then 8777 to 8762 and 8723 under that 8683 to 8668 should contain a decline . Day Traders can buy at 8821 and hold for higher prices..
Resistance is at 8902... beyond that a test of 8934 to 8964 is likely

June Swiss Franc
Recommended open Position Long at 6055
Resistance remains at 6068 and the 6101 to 6113 region is likely to occur.
Support should appear near 6035 to 6023 and 5998 .. Day Traders can buy at 6036
and hold for higher prices..

June British Pound
Support should appear near 1.4372 and 1.4336 .

Resistance is at 1..4426, beyond that a test of 1.4530 to 15490 is likely.

June Canadian Dollar
Support should appear at 6335 and 6305 then 6272 to 6257.
Resistance is at 6350. 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
Support is at 5344 and 5307 then 5284 to 5259...
Resistance is at 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 10,183.5 and the 10,136 to 10,104 region.

June SP500
Resistance is at 1130 to 1133 and 1136. Beyond that a test of 1143 and 1150 is likely.
Support should appear at 1122.70 and 1115.50

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

Nasdaq Composite
Resistance is at 1822 beyond that a test of 1840 and the 1858 to 1865 is likely and should Cap a rally

Support should appear near the 1808 then 1794 and the 1780 to 1774 region...

June Mini Nasdaq 100
Resistance is at 1415 to 1421 and 1437
Support is at 1399 and the 1383 to 1377 region..

June 10 Year T-Note
Resistance should appear near 104-23 and 105-04 which should cap a rally for a bit... A close over 105-04 is friendly and augurs for a test of 105-23 and eventually 106-12
Support is at 104-04 and 103-23

Precious Metals

June Gold
Recommended open BW Position, long at 303
Support should appear at 299 to 297.2
Resistance remains at the 303.6 to 304.5 region.

BW Traders should go long if a close over 304.5 occurs

May Copper
Recommended open BW position long at 7365
Support should appear near 7345 to 7325 and 7255 to 7245.

Resistance should appear near the 7415 to 7430.. Beyond that a test of 7485 to 7515 and the 7760 to 7780 region. is likely

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 442.5 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.. Below that 425 to 423.5 should contain a decline for a bit..

Resistance is at the 450.5 to 451.5

                                   The Exciting Energies

June Crude Oil
Support should appear near 2568 to 2552 then 2519 to 2511 and 2469 to 2461
Resistance is at the 2612 to 2620 region.., beyond that a test of 2663 to 2672 is likely.

June Unleaded Gas
Support should appear near 7955 to 7945 and the 7865 to 7835 region.
Nearby Resistance is at 8045 and the 8120 to 8135 region. Beyond that a test of 68300 to 8315 is likely.

June Heating Oil
Recommended open BW Position long at 6630
Resistance is at 6590 and the 6655 to 6670 region.. A close over is friendly and augurs for a test of the 6810 to 6835 region.
Support should appear near 6505 to 6480 and the 6430 to 6415 region.

                                     The Lively Livestock


June Cattle
Support should appear near 6272 to 6257 and 6192 to 6162
Resistance is at 6337 to 6352 and the 6417 to 6432 Day Traders can sell at 6417 and risk 50 pts .

June Hogs
Support is at 5577 to 5552 and 5507 to 5492 .
Resistance is at 5612 and 5637 to 5652 .. Beyond that a test of the 5717 to 5732 region.

May Pork Bellies
Support should appear near 6757 to 6742 and 6672 to 6657
Resistance is at the 6807 to 6837.. Beyond that a test of 6907 to 6922 is likely.

    -Stay tuned for Livestock and Belly Day Trades , Updates and Flashes-

       The Grande Grains

May Soybeans
Recommended open BW Position , long 473 1/4
Resistance is at 477 1/2 to 478 1/2 and 484 1/2 to 485 1/2
Support should appear at the 471 1/2 to 469 1/2 .. Day traders can buy at 471 3/4 and hold for higher prices.. Below that buyers should appear near the 465 to 463 1/2 region. .

July Soybeans
Recommended Open BW position long 459
Resistance is at 4771/2 to 478 3/4, beyond that a test of 484 1/2 to 485 3/4 is likely

Support should appear at 471 3/4 to 469 1/2 and 465 to 463 1/2

May Soybean Meal
Resistance should appear near 164.2 to 165.5
Support is at 161.5 to 160.9

May Soybean Oil
Support is at 1655 to 1642 and the 1615 to 1609 region
Resistance should appear near 1689 to 1696 and the 1731 to 1738 region.

July Corn
Resistance should appear near208 to 208 3/4
Support is at 204 1/4 to 203 1/2 .

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

May Wheat
Support should appear at 274 1/4 and the 272 1/2 to 271 3/4 region.
Resistance is at 277 1/2.. A close over is friendly and augurs for a test of 282 to 282 3/4

BW Traders should go long if a close over 277 3/4 occurs..

                                         The Satisfying Softs

July Cocoa
Resistance is at 1552 and the 1569 to 1576 region.
Support should appear near 1535 to 1529 and 1496 to 1484

July Coffee
Support is near 5580 to 5555 and the 5505 to 5490 region. Below that buyers should appear near the
5430 to 5415 region.
Resistance should appear near 5640 to 5655, beyond that a test of 5715 to 5730 is likely.. Above that sellers should appear near 5790 to 5805. .

July Sugar
Recommended open BW Position , long 503
Support should appear near 507 and 500
Resistance should appear near 515 and 524.

July Cotton
Recommended open BW position long 2 at 3930 avg
Nearby Resistance should appear near 3795 to 38065 and 3855 to 3870
Support is at 3745 to 3735 and the 3680 to 3655 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
Wed April 17th 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.