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, June 5th, 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 June 4th, 2002
7:00 PM  e.s.t.

                                     The ‘Frenzied’ Forex Front   

June Yen 
Recommended open BW position , long at 8082
Support should appear near  8044 to 8029 and the 7954 to 7939 region.. well-heeled aggressive traders can buy at 7955 and risk a close under 7901 for three days in a row..

Resistance should appear near 8119 to 8134 and the 8195 to 8224 region.  

June Euro Currency (EC)
Recommended open BW position , long at 9372
Support should appear at 9388 and the 9347 to 9317 region.

Resistance is at 9429 to 9445  

June Swiss Franc
Recommended open BW position , long at 6390
Resistance should appear near the 6417 to 6430 

Support should appear near 6382 and 6350 to 6337 and 6304 
 BW  Traders can buy at 6307 for a bounce and risk a close under 6224 for three days in a row. 

June  British Pound
Recommended open BW position , long at 1.4612
Support should appear near 1.4560 and 14530 
Resistance is at 1.4590 and 1.4662 

June Canadian Dollar
Recommended open BW position , long at 6514
Support should appear at 6527 and the 6509 to 6482 region 

Resistance is at 6543 and 6577 to 6591, a close over is friendly and augurs for a test of 6655 to 6675

 BW Traders should go long if a close over 6593 occurs..

June Aussie Dollar
Support is at 5653 to 5640 and 5577 to 5553   BW Traders can buy at 5611 and risk a close under 5549 for three days in a row. 
Resistance is at 5716 to 5729 , a close over 5729 is friendly and augurs for a test  of 5792 to 5808 and eventually 5855 to 5880 which should Cap an advance . BW  Traders can sell at 5854 and risk a close over 5917  for three days in a row. 

                          The Sensational Stock and Bond Markets  

Dow Jones Industrial Average
On the Upside Nearby Resistance  should appear near 9706 to 9737 and 9783

On the Downside Nearby Support should appear near  9641 to 9625..A close under is negative and augurs for a slip to 9542 to 9526 and the 9347 to 9316 region..  which now appears to be more likely than not. 

June SP500  
Resistance is at 1047 and 1058 to 1063 

Support should appear near the 1036 to 1032 region.. Below that   buyers should appear near the 1005 to 1000 region..

Nasdaq Composite
Resistance is at 1592.5 and 1609 to 1615

Support should appear near 1576 to 1569 , under that a slip towards 1535 to 1529 is likely. 

June Mini Nasdaq 100
Resistance is at 1192 to 1203 and 1217.5

Support is at 1169 to 1164  and 1136 to 1130  

Sept 10 Year  T-Note
Resistance should appear near 105-23 and 106-07 
Support is at 104-23 and 104-07


                                                    Precious Metals 

August Gold
Recommended open BW position , long at 323.1
Support should appear at  321.3 to 319.4 

Resistance is at 327.1 and 331.9 to 332.8 

BW Traders should go long / add if a close over 333.3 occurs

July Copper
Recommended open BW position Short at 7320.
Support should appear near the 7835 and7780 to 7690 

Resistance should appear near the 7945 to 7955 and 8035 to 8045. 

July Silver
Support should appear near 506.5 to 503.5 and 499.5 to 497. . BW Traders can buy at 499.5 and hold for higher prices..

Resistance is at  512.5 to 514 ..

Aggressive  BW  Traders should go long if a close over 514.5 occurs. ..

Stay tuned for Updates
       

                                   The Exciting Energies

July Crude Oil
Recommended open BW position , long at 2622
Support should appear near 2469 to 2461 under that 2419  2411 should  contain a decline for a bit.. 

Resistance is at 2512 to 2519 and 2552 to 2568

July Unleaded Gas
Support should appear near  7430 to 7410 and 7355 to 7240 .

Resistance is at  7515 and 7675 to 7690 ..

July Heating Oil 
Resistance is at 6415 to 6430. 
Support should appear near  6270 to 6255 .

                                     The Lively Livestock

August Live Cattle
Support should appear at  6192 and  6117 to 6102 .  

Resistance is at 6257 to 6272 and 6337 to 6352

July Hogs 
Support is at  4717 to 4692 and 4652 to 4637 

Resistance is at 4772 to 4878 and 4842 to 4857

July Pork Bellies
Support should appear at 5577 to 5572 , a slip under augurs for a test of 5507 to 5492 and 
the 5432 to 5417 region. 
Resistance is at  5637 to 5657  and the 5717 to 5732 region. 

    -Stay tuned for Livestock and Belly Updates and Flashes-

                           The Grande’ Grains

July Soybeans
Recommended open BW position , long at 493
Resistance is at the 512 3/4 to 513 3/4 region and 520 to 521 1/4. 

Support should appear at 506 1/2 to 503 3/4.. Under that buyers should appear near 499 1/2 to 4971/2 .  BW Traders can buy at 497 1/2 and hold for higher prices..   

BW Traders should go long if a close over 514 1/4 occurs


July Soybean Meal
Recommended open BW position , long at 167.1
Support should appear near 168.9 then 167.1 and 165.5 to 164.2,which should  contain a decline for a bit..   BW Traders can buy at 165.8 and risk a close under 163.8 for three days in a row. 

Resistance is at  173.1 to 173.8

July Soybean Oil 
Support is near 1822 to 1808..BW Traders can buy at 1823 and hold for higher prices.. Below that support should appear near the 1780 to 1774 region.  
Resistance should appear near 1865 and the 1902 to 1909 region. 

July Corn
Recommended open BW position , long 2 at  211 1/4  avg
Resistance should appear near 212 3/4  to 213 1/2  

Support is at  208 3/4 to 208 

July Wheat
Recommended open BW position , long at 282 1/4

Support should appear at to 282  3/4  to 282 and  277 1/2 to 275 3/4 and 272 1/2 to 271 3/4. 
BW  Traders can buy at 277 3/4 and risk a close under 271 for three days in a  row.

Resistance is at  282 3/4  and 287 1/2 to 288 1/4 
 

                                                 The Satisfying Softs

July Cocoa 
Resistance is at the 1609 to 1615
Support should appear near 1576 to 1569 and the 1535 to 1529 region.  BW Traders can buy at 1537 and risk a close under 1479 for three days in  row 

BW Traders should go long if a close over 1617 occurs..

July Coffee
Recommended open BW position , long at 5145
Support is near  5065 to 5035 , under that buyers should appear near 4995 to 4970 ..BW  Traders can buy at 5005 and risk a close under 4905 for three days in a row.

Resistance should appear near 5125 to 5140 and 5200 to 5215 

Aggressive BW Traders should go long if a close over 5225 occurs..

July Sugar
Recommended open BW position , long 2  582 avg 

Support should appear near 562 to 558.. 
Resistance should appear near 582 to 586

July Cotton  
Support should appear near 3870 to 3855 and the 3810 to 3795 region..  BW Traders can buy at 3815 for a bounce and risk a close under 3720 for three days in a row..

Resistance is at 3980 to 3995 and the 4045 to 4065 region....

 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 June 4th, 2002
8:35 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.