FuturesCom Investment Publications Since 1989 Economic and Investment Trend Analysis Since 1979 Global Equity Markets

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 May 2nd, 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

Wed May 1st, 2002
2:30 PM Eastern Standard Time

On the Frenzied Forex Front

June Yen
Support should appear near 7836 and 7807
Resistance should appear near 7902 and the 7939 to 7954 region...

June Euro Currency (EC)
Support should appear at 9004 and 8964 to 8934.

Resistance is at 9044 to 9060 and the 9140 to 9156 region.. BW Traders can sell at 9139 for a turn lower , risk a close over 9239 for three days in a row..

June Swiss Franc
Resistance should appear near 6257 to 6270 and the 6337 to 6350 region..
BW Traders can sell at 6336 for a turn lower and risk a close over 6387 for three days in a row..

Support should appear near 67227 then 6190 to 6165 and 6138..

June British Pound
Support should appear near 1.4530 and 144.72 then 144.36
Resistance is at 1.4636. beyond that a test of 1.4710 is likely.

June Canadian Dollar
Support should appear at 6384 and 6350 to 6337 ..
Resistance is at the 6417 to 6430 region.

June Aussie Dollar
Support is at 5356 to 5344 and 5313.. Below that Buyers should appear near 5282 to 5259.
BW Traders can buy at 5315 and risk a close under 5256 for three days in a row
Resistance is at 5384 the 5418 to 5430 region.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10,104 to 10,136
Support should appear near the 10,037 to 10,021 region.

June SP500
Resistance is at 1089 and the 1096 to 1101 region.
Support should appear near 1082, a close under is negative and augurs for a test of 1068 to 1058 and eventually the 1036 to 1032 region.

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

Nasdaq Composite
Resistance is at the 1689 to 1696 region..a close over is friendly and augurs for a test of the 1731 to 1738 region..

Support should appear near 1655 to 1642 .. under that a test of 1615 to 1609 is likely.

June Mini Nasdaq 100
Resistance is at 1289 and 1304 to 1310 .
Nearby support is at the 1274 to 1268 and the 1238 to 1232 region .

June 10 Year T-Note
Recommended open BW position short at 105-11
Resistance should appear near 105-27 and 106-04
Support is at 105-12 and 105-04

Precious Metals

June Gold
Recommended open BW position long at 304.6
Support should appear at 309.2 and 306.8 under that buyers should appear near 304.5 to 303.6
Below that BW Traders can buy at 299.1 and hold for higher prices, initially plan on risking a close under 292.6 for three days in a row..

Resistance is at 310.2 and 314.8 to 315.7.

July Copper
Recommended open BW position long at 7495
Support should appear near the 7255 to 7240 region. Under that buyers should appear near 7170 to 7140
Resistance should appear near 7335 to 7355 and 7415 to 7430

July Silver
Recommended open BW position long at 459.5
Support should appear near 451.5 to 450.5. BW Traders can buy at 450.5 and hold for higher prices, initially plan on risking a close under 442 1/2 for three days in a row..

Resistance is at 457 to 458.5.
Stay tuned for Updates

The Exciting Energies

June Crude Oil
Recommended open BW position , long at 2673
Support should appear near 2663 and the 2620 to 2612 region.
Resistance is at 2716 to 2724 and 2758 to 2775.

June Unleaded Gas
Support should appear near 8045 to 8025 and the 7955 to 7945 region.

Resistance is at 8115 to 8135 and 8195 to 8225 .

June Heating Oil
Resistance is at 6810 to 6835 then 6910 to 6920 and 6990 to 7005 ..
Support should appear near 6740 and 6670 to 6655, under that 6510 to 6480 should contain a decline.

The Lively Livestock

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

June Hogs
Support is at the 5142 to 5127 and 5067 to 5037..
Resistance is at 5212 and the 5257 to 5282 and the 5342 to 5357 region..

May Pork Bellies
Support should appear near 6592 to 6577 and the 6432 to 6417 region.
Resistance is at 6657 to 6672 and 6742 to 6757 region.

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

July Soybeans
Recommended open BW position , long 2 at 474 1/4
Resistance is at 469 1/2 to 471 3/4

Support should appear at 463 1/4 under that buyers should appear near 458 1/4 to 457 ..
Below that buyers should appear near 451 3/4 to 450 1/2

July Soybean Meal
Recommended open BW position long 157.7
Support should appear near 157.6 to 156.9 . Below that support at153.5 to 152.9 should contain a decline for a bit..

Resistance is at the 159.1 and the 160.9 to 161.5 region. |

July Soybean Oil
recommended open BW position long at 1691
Support is near the 1615 to 1609 region. .
Resistance should appear near 1642 to 1655 and 1676..

July Corn
Recommended open BW position long at 204 1/4
Resistance should appear near 203 1/2 to 204 3/4
Support is at 199 3/4 to 198 1/4 and 195 1/4 to 194 3/4

July Wheat
Support should appear at the 727 1/2 to 271 3/4 and 267 3/4 to 266 1/2.
Resistance is at 275 3/4 to 277 1/2

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

                                                  The Satisfying Softs

July Cocoa
Recommended open BW position long at 1530
Resistance is at 1484 to 1496
Support should appear near the 1459 to 1453  region.

July Coffee
Recommended open BW position long 2 at 5595 avg
Support is near 5070 to 5035 and 4995 to 4975
Resistance should appear near 5125 to 5145 and 5200 to 5210.

July Sugar
Support should appear near 515 to 507.
Resistance should appear near 534 to 538

Trade Accordingly

July Cotton
Support should appear near 3445 to 3425 and 3386 to 3377
Resistance is at 3553 to 3563 and 3610 to 3625

Trade Accordingly and stay tuned for updates..

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 May 1st, 2002
3:45 PM e.s.t.

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.