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, Thursday May 9th 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 8th, 2002
8:45 PM Eastern Standard Time

June Yen
Recommended Open BW Position Long at 7851
Support should appear near 7763 and the 7727 region which should contain a decline for a bit.
.BW Traders can buy at 7727 and risk a close under 7673 for three days in a row..

Resistance should appear near 7806 and 7836 to 7864.

June Euro Currency (EC)
Recommended Open BW Position Long at 9101
Support should appear at 9002 ..Aggressive BW Traders can buy at 9002 and risk a close under 8929 for three days in a row..

Resistance is at 9040 to 9060.

June Swiss Franc
Recommended Open BW Position Long at 6224

Resistance should appear near the 6257 to 6270 region..
Support should appear near the 6190 to 6165 region

June British Pound
Recommended Open BW Position Long at 1.4590
Support should appear near 1.4472 and 1.4436
Resistance is at 1.4530 to 14590, 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
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 10,183. Beyond that sellers should appear near the 10,257 region. .
Support should appear near 10,137 to 10,104

Trade accordingly .

June SP500

Resistance is at 1096 to 1101…BW Traders can sell at 1096 for a turn lower .. risk a close over 1101.70 for three days in a row .. Beyond that sellers should appear near 1115 and 1130. to 1136
Support should appear near 1082.below that an eventual test of 1075 and the 1068 to 1063 region is likely.

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

Nasdaq Composite
Resistance is at 1731 to 1738.
Support should appear near 1689 and 1671.5

June Mini Nasdaq 100
Nearby Resistance is at 1304 to 1310 and 1334 to 1346
Support is at 1274 to 1268

June 10 Year T-Note
Resistance should appear near 105-04 and 105-17 which should cap a rally for a bit..
Support is at 104-23 and 104-12 which should contain a decline for a bit… .

Precious Metals

June Gold
Support should appear at 306.8 and 304.5. to 303.6
BW Traders can buy at 307.1 and risk a close under 297.1 for three days in a row..

Resistance is at 309.2 to 310.2 and 314.8 to 315.7 .
BW Traders should go long / add if a close over 315.9 occurs

Buy this Dip and be long

July Copper
Support should appear near 7345 to 7325 and 7255 to 7240
Resistance should appear near 7415 to 7430..BW Traders can sell at 7410 and risk a close over 7515 for three days in a row. Beyond that resistance is at 7590 to 7605

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  463 to 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 2 at 2729 avg
Support should appear near 2775 to 2758 and 2724 to 2716.
Resistance is at 2820 to 2829 and the 2874 to 2883region

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 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 2 at 6625 avg

Resistance is at 6755 and 6805 to 6835 and 6905 to 6920
Support should appear near 6670 to 6655 and 6590 to 6570 then 6510 to 6480 .

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..

June Hogs
Recommended open BW position long at 5362
Support is at 5212 to 5197
Resistance is at 5247 to 5262 and 5342 to 5357 . .

July Pork Bellies
Recommended open BW position long at 6437
Support should appear at 6117 to 6102 and should contain a decline

Resistance is at 6337 to 6352 and 6417 to 6432
-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

July Soybeans
Recommended open BW position, long 2 at 469 avg
Resistance is at 477 1/2 to 478 3/4
Support should appear at 471 3/4 to 469 and 465 1/2 to 463 1/2

July Soybean Meal
Recommended open BW position, long 159.6
Support should appear near 159.1 and 157.6 to 156.9 and 155.1.
Resistance is at 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

July Soybean Oil
Support is near 1655 to 1642 and 1628

Resistance should appear near the 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 1/4 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 1459 to 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 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 539 to 534 and 523
BW Traders can buy at 524 and hold for higher prices..

Resistance should appear near 558 to 562

Trade Accordingly

July Cotton

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

Resistance is at 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

Wed May 8th, 2002
10:45 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.