FuturesCom Investment Publications Morning Comments

Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500
Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments, Wed May 8th 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

Tuesday May 7th, 2002
9:00 PM Eastern Standard Time

June Yen
Recommended Open BW Position Long at 7851
Support should appear near 7806. Below that buyers should appear near 7777 to 7763
Resistance should appear near the 7836 to 7864 region .

June Euro Currency (EC)
Recommended Open BW Position Long at 9101
Support should appear at 9101 and 9060 to 9044
Resistance is at 9140 to 9156.

BW Traders should go long if a close over 9159 occurs..

June Swiss Franc
Resistance should appear near the 6337 to 6350 region..
Support should appear near 6270 to 6257.and the 6190 to 6165 region .. BW Traders can buy at 6224 for a bounce and risk a close under 6165 for three days in a row.

BW traders should go long if a close over 6353 occurs

June British Pound
Support should appear near 14590 to 14530 and 1.4376.BW Traders can buy at 1.4590 for a turn higher and hold for higher prices..

Resistance is at 1.4710, a close over is friendly and augurs for a test of the 1.4840 to 1.4960 region. ..

BW Traders should go long id a close over 14714 occurs.

June Canadian Dollar
Support should appear at 6350 to 6337 and 6305.. BW Traders can buy at 6352 and hold for higher prices..Under that buyers should appear near the 6271 to 6257 region.

Resistance is at 6383 and the 6417 to 6430 region.
BW Traders should go long if a close over 6432 occurs..

June Aussie Dollar
Recommended Open BW Position Long at 5357
Support is at 5356 to 5344 and 5313.. Below that Buyers should appear near 5282 to 5259

Resistance is at 5418 to 5430 region..
Aggressive BW Traders should go long if a close over 5387 occurs

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9879. Beyond that sellers should appear near the 9921 to 9937 region. .
Support should appear near 9822 and the 9737 to 9706 region .

Trade accordingly .

June SP500

Resistance is at 1063 and 1068..Beyond that sellers should appear near 1075
Support should appear near 1052.5 and 1047.below that an eventual test of the 1036 to 1032 region is likely.
Stay Tuned for BW Updates and additional trades during the trading sessions..

Nasdaq Composite
Resistance is at 1592.5 and the 1609 to 1615 region.

Support should appear near 1569 and the 1535 to 1529 region

June Mini Nasdaq 100

Nearby Resistance is at 1196 to 1202 and 1217.5
Support is at 1169 to 1164 then 1150 and the 1136 to 1130 region . .

June 10 Year T-Note
Recommended open BW Position , short at 105-11
Resistance should appear near 106-04 and 106-12 and 106-23 which should cap
a rally for a bit..
Support is at 105-17 , a close under 105-17 is negative and augurs for a test of
104-23 and 104-12 which should contain a decline for a bit… .

Precious Metals

June Gold
Support should appear at 310.2 to 309.2 then 306.8 . BW Traders can buy at 307.1 and risk a close under 297.1 for three days in a row..

Resistance is at 314.8 to 315.7 and 319.4 to 321.3 .

BW Traders should go long / add if a close over 315.9 occurs

Buy Dips and be long

July Copper
Support should appear near 7170 to 7140 and 7090 to 7075.

Resistance should appear near 7255 and 7325 to 7345

July Silver
Support should appear near 458.5 to 457 and 451.5 to 450.5 .BW   Traders can buy at 454.5 and hold for higher prices..

Resistance is at   465. 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 465.5 occurs. ..Stay tuned for Updates

                                  The Exciting Energies

June Crude Oil
Recommended open BW position long at 2673
Support should appear near 2672 to 2663 and 2620 to 2612.
Resistance is at 2716 to 2724, beyond that a test of the 2758 to 2775 region is likely
Aggressive BW Traders should go long if a close over 2673 occurs

June Unleaded Gas
Recommended open BW position long at 7785
Support should appear near 7785 to 7760 and 7690 to 7675 and 7605 to 7580.
Resistance is at 7865 and 7945 to 7955.. Above that sellers should appear near 8025 to 8045 and the 8300 to 8315 region. .

June Heating Oil
Recommended open BW position long at 6510
Resistance is at 6670 and 6740 to 6755...
Support should appear near 6590 to 6570 and 6510 to 6480 .

BW Traders should go long if a close over 6685 occurs..

The Lively Livestock

June Live Cattle
Support should appear at 6357 to 6332 and 6272 to 6257

Resistance is at the 6417 to 6432 region.. Beyond that 6487 to 6502 should cap a rally for a bit..
BW Traders can sell at 6487 and risk a close over 6517 for three days in a row..

June Hogs
Recommended open BW position long at 5362
Support is at 5257 and 5212 to 5197

Resistance is at 5342 to 5357 and 5417 to 5432. .

July Pork Bellies
Recommended open BW position long at 6437
Support should appear at 6417 and 6357 to 6332, under that 6117 tom 6102 should contain a decline

Resistance is at 6487 to 6512 and 6577 to 6592

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

July Soybeans
Recommended open BW position, long at 465 1/2
Resistance is at 469 1/2 to 471 3/4
Support should appear at 463 1/2 and 458 1/4 to 457

BW Traders should go long if a close over 465 3/4 occurs

July Soybean Meal
Support should appear near 156.9 and 155.1.
Resistance is at 157.7 and 160.9.to 161.5, a close over 161.5 is friendly and augurs for a test of the 164.2 to 165.5 region

BW Traders should go long if a close over 157.6 occurs..

July Soybean Oil
Support is near 1628 and 1615 to 1609

Resistance should appear near 1642 to 1655 , a close over 1655 is friendly and augurs for a test of 1689 to 1696 region. .

July Corn
Recommended open BW position , long 2 at 204 1/2 avg
Resistance should appear near 206 1/4 and 208 to 208 3/4
Support is at 203 1/2 and 201 1/4

July Wheat
Recommended open BW position long 2 at 270 1/ 2 avg
Support should appear at to 272 1/2 to 271 3/4 and 269 1/2 ..
Resistance is at the 275 3/4 to 277 1/2 region... Beyond that a test of 282 to 282 3/4 is likely

The Satisfying Softs
July Cocoa
Recommended open BW position long at 1530
Resistance is at the 1484 to 1496
Support should appear near 1453 and the 1421 to 1415 region.
BW Traders should go long if a close over 1496 occurs..

July Coffee
Recommended open BW position long 2 at 5595 avg
Support is near 5065 to 5035 then 4995 to 4970 and the 4855 to 4845 region.
Resistance should appear near 5125 to 5140 and 5200 to 5215

July Sugar
Recommended open BW position long at 547
Support should appear near 523 and the 515 to 507 region
BW Traders can buy at 524 and hold for higher prices..

Resistance should appear near 534 to 539

Trade Accordingly

July Cotton

Support should appear near 3270 to 3260 and 3215 to 3194,

Resistance is at 3375 to 3390 and the 3425 to 3445 region..

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

Tuesday May 7th, 2002
10:05 PM South Florida Beach Time

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.