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, Friday May 10th 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 May 9th, 2002
3:15 PM Eastern Standard Time

June Yen
Recommended Open BW Position Long at 7851
Support should appear near 7777 to 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 9060 to 9044 and 9002 ..Aggressive BW Traders can buy at 9002 and risk a close under 8929 for three days in a row..

Resistance is at 9102 and the 9140 to 9156 region. .

June Swiss Franc

Resistance should appear near 6270 and 6303.
Support should appear near the 6257 and 6228 , under that buyers should appear near the
6190 to 6165 region

June British Pound
Recommended Open BW Position Long at 1.4590
Support should appear near 1.4530 and 1.4472
Resistance is at 14590, a close over is friendly and augurs for an eventual 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 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 5427
Support is at 5417 and 5387 under that buyers should appear near 5356 to 5344
Resistance is at 5430 and 5461

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10,104 to 10,137 and 10,183. Beyond that sellers should appear near the 10,257 region. .
Support should appear near 10,037 to 10,021

Trade accordingly .

June SP500

Resistance is at 1082 then 1089 and the 1096 to 1101 region. 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 1075.. a close or slip under augurs for a test of the 1068 to 1063 region.
Stay Tuned for BW Updates and additional trades during the trading sessions..

Nasdaq Composite
Resistance is at 1672 then 1689 to 1696 and the 1731 to 1738 region
Support should appear near 1655 to 1642 and 1628

June Mini Nasdaq 100
Nearby Resistance is at 1268 to 1274 and 1289.. Beyond that sellers should appear near
the 1304 to 1310 region.
Support is at 1238 to 1232 . below that a test of 1217.5 is likely.

June 10 Year T-Note
Resistance should appear near 105-12 then 105-17 and 105-23 which should cap a rally for a bit..
Support is at 104-27 and 104-12 which should contain a decline for a bit… .

Precious Metals

June Gold
Support should appear at 309.2 and 306.8 under that 304.5. to 303.6 should hold.
BW Traders can buy at 307.1 and risk a close under 297.1 for three days in a row..

Resistance is at 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
Recommended Open BW Position Short at 7410
Support should appear near 7255 to 7240 and the 7170 to 7140 region.
Resistance should appear near 7325 to 7340 and 7415 to 7430. 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
Support should appear near 2758 and 2724 to 2716 under that 2672 to 2663 should contain a decline
Resistance is at 2775 and the 2820 to 2829 region.

June Unleaded Gas
Support should appear near 7690 to 7675 and 7605 to 7580.. Below that 7515 to 7485 should hold.
Resistance is at 7760 to 7780 and 7835 to 7865 Above that sellers should appear near 8025 to 8045 and the 8300 to 8315 region. .

June Heating Oil
Recommended open BW position long at 6740
Resistance is at 6805 to 6835 and 6905 to 6920.. Beyond that a test of the 6985 to 7005 region is likely.
Support should appear near 6755 to 6740 and the 6670 to 6655 region.

The Lively Livestock

June Live Cattle
Support should appear at 6272 to 6257 and the 6192 to 6162 region.
Resistance is at the 6337 to 6352 and the 6417 to 6432 region.

June Hogs
Recommended open BW position long at 5362
Support is at 5257 and the 5212 to 5197 region
Resistance is at 5342 to 5357 and 5417 to 5432

July Pork Bellies
Support should appear at 6272 to 6257 and 6192 to 6162

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 at 472
Resistance is at 477 1/2 to 478 3/4 and 484 1/2 to 485 3/4
Support should appear at 471 3/4 to 469 1/2 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 1676 and 1655 to 1642.

Resistance should appear near 1696 A close over 1696 is friendly and augurs for a test of 1774 to 1780 and eventually the 1808 to 1822 region.. .

BW Traders should go long if a close over 1696 occurs..

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

July Wheat
Recommended open BW position long at 273 3/4
Support should appear at to 271 3/4 and 267 1/2 to 2661/4 region
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 1513
Resistance is at the 1529 to 1535
Support should appear near 1484 and 1459 to 1453.

July Coffee
Recommended open BW position long 2 at 5595 avg
Support is near 4855 to 4845.
Resistance should appear near 5035 to 5065

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 3377 and 3330 to 3315.

Resistance is at 3425 to 3445 and the 3495 to 3505 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

Thursday May 9th, 2002
3:35 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.