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 Friday, April 19th 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

Thursday April 18th 2002
10:10 PM Eastern Standard Time

                            The Frenzied Forex Front


June Yen
Recommended Open Position Long at 7722
Support should appear near 7689 to 7675 and 7601 to 7587
Resistance should appear near the 7763 to 7777 region

June Euro Currency (EC)
Support should appear at 8871 to 8856, Day traders can buy at 8872 and hold for higher prices.
Resistance is at 8902... beyond that a test of 8934 to 8964 is likely to occur

Trade Accordingly

June Swiss Franc
Recommended open Position Long at 6055
Resistance remains at 6068, beyond that a test of 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 144.26 and 1.4372 .

Resistance is at 1.4530 to 15490.

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 5356 to 5344 and 5307.
Resistance is at 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 1122.70 then 1130 to 1133 and 1136. Beyond that a test of 1143 and 1150 is likely.
Support should appear at 1115.50 , a slip under augurs for an eventual test of 1101 to 1096

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

Nasdaq Composite
Resistance is at 1808 to 1822 beyond that a test of 1840 and the 1858 to 1865 is likely and should Cap a rally

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

June Mini Nasdaq 100
Resistance is at 1399 and 1415 to 1421
Support is at 1377and 1361.5

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 2 at 304.1 avg
Support should appear at 303.6 and 301.4 then 299 to 297.2
Resistance remains at the 309.6 to 310.6 region

May Copper
Recommended open BW position long at 7365
Support should appear near 7255 to 7245 and 7170 to 7140.

Resistance should appear near the 7335 to 7355 and 7415 to 7430.

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 451.5 and 457 to 458.5

                                   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 another 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
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 6192 to 6162 and 6112 to 6102
Resistance is at 6242 to 6257 and 6337 to 6352 .

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

May Pork Bellies
Support should appear near 6837 to 6807 and 6757 to 6742
Resistance is at 6907 to 6922 and the 6987 to 7002 region.

    -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 469 1/2. Below that buyers should appear near the 465 to 463 1/2 region. .

July Soybeans
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 267 1/4 to 266 1/4.
Resistance is at 271 3/4 to 272 1/2


                                         The Satisfying Softs

July Cocoa
Resistance is at the 1569 to 1576 region.
Support should appear near 1553 and 1535 to 1529 and 1496 to 1484

July Coffee
Support is near 5880 to 5855 and 5805 to 5790. Below that buyers should appear near the
5430 to 5415 region.
Resistance should appear near 5945 to 5955 and the 6020 to 6035 region . Above that sellers should appear near 6100 to 6115. .

July Sugar
Recommended open BW Position , long 503
Support should appear near 515 to 507 and 500
Resistance should appear near 524 and 534 to 538

July Cotton
Recommended open BW position long 2 at 3930 avg
Nearby Resistance should appear near 3735 to 3745 and 3795 to 3805

Support is at the 3680 to 3655 region. Under that 3563 to 3553 should hold for a bit

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
Friday April 19th 2002
1:00 AM

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.