FuturesCom Investment Publications Since 1989 Economic and Investment Trend Analysis Since 1979

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

FuturesCom Investment Publications
Morning Comments, Tuesday March 4th, 2003
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

Monday March 3rd, 2003
2:30 PM e.s.t

The ‘Frenzied’ Forex Front

March Yen
Support should appear near 8499 to 8484 then 8447 and the 8406 to 8391 region.
Resistance should appear near and the 8560 to 8589 region..

March Euro Currency (EC)
Support should appear at 10855 then 10820 and 10750
Resistance is at 10890 then 10925, beyond sellers should appear near the 10960 to 11010 region

March Swiss Franc
Recommended Open BW Position Long 7372
Resistance should appear near 7486 to 7513 and 7549
Support should appear near 7428 to 7414 and 7378.

March British Pound
Recommended Open BW Position Long at 1.5828
Support should appear near 1.5760 to 1.5726 and 1.5690
Resistance should appear near 1.5822 and 1.5926

March Canadian Dollar
Recommended Open BW Position Long at 6707
Support should appear near 6707 and 6673 to 6659
Resistance is at 6741 to 6755 and 6781

March Aussie Dollar
Support is at 6113 to 6101 and 6035 to 6023
Resistance is at 6165 to 6190

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 7836 to 7864 then 7939 to 7954 and the 8029 to 8044 region.
Support should appear near 7777 to 7763 then 7689 to7675 and the 7601 to 7587 region

March SP500
Resistance is at 839.10 to 840.60 then 848.40 to 849.90 and the 856.00 to 858.90 region
Support should appear near 831.4 to 830.00 then 822.30 to 819.40 and the 813.40 to 811.90 region
.
Traders should Stay tuned for BW SP500 Updates and Index program trades , while MC day trades can occur at anytime

Nasdaq Composite
Nearby Resistance is at 1322 then 1334 to1346 and 1361.5
Support should appear near 1310 to 1304 and 1289 .

March Mini Nasdaq 100
Resistance is at 992.00 to 993.50 then 1000.00 to1005.00 and the 1032 to 1036 region .
Support is at 984.00 to 982.00 then 973.50 to 970.50 and 964.5 to 962.50.

March Ten Year T-Notes
Resistance should appear near 117-04 above that a test of 117-22 is likely.
Support is at 116-23 then 116-17 and 116-04

The Precious Metals

April Gold
Support should appear at the 346.8 and the 344.3 to 342.5 region. Below that buyers should appear near 338.6 to 337.7, which should hold.. BW Traders who have ice water in their veins can buy at 337.8 and hold for higher prices.. Below that buyers should appear near 332.8 to 331.9
Resistance is at 350.3 and the 355.3 to 356.3 region
BW Traders should go long if a close over 356.7 occurs

May Copper
Support should appear near7865 to 7835 and 7775 to 7765
Resistance should appear near 7940 to 7955 and the 8025 to 8045 region.

May Silver
Recommended Open BW Position Long 2 at 466 avg
Support should appear near 465 to 463.5 and the 458.5 to 457 region.
Resistance is at 469.5 to 471.5 and the 477.5 to 478.5 region

The Exciting Energies

April Crude Oil
Support should appear near 3563 to 3553 and the 3503 to 3493 region.
Resistance should appear near 3613 to 3623 and the 3663 to 3682 region , a close over is friendly and augurs for a test of 3736 to 3743.

April Unleaded Gas
Support should appear near 10820 then 10750 and the 10680 to 10630 region.
Resistance is at the 10960 to 11010 then 11155 and the 11300 to 11360 region which should cap a rally for a bit..

April Heating Oil
Resistance is at 10470 then 10580 to 10630 and 10820
Support should appear near 10360 to 10320 and 10185

The Lively Livestock

April Live Cattle
Resistance should appear near 7512 and the 7587 to 7602 region. .
Support is at 7487 and the 7427 to 7412 region

April Lean Hogs
Support is at 5432 to 5417 and the 5357 to 5342 region.
Resistance is at 5492 to 5507. Beyond that sellers should appear near 5552 to 5577.
BW Traders can sell at 5547 and hold for lower prices..

June Lean Hogs
Recommended Open BW Position Long 2 at 6187 avg
Support is at 6272 to 6257 and 6192 to 6167.
Resistance is at 6337 to 6352.. Above that sellers should appear near 6417 to 6432.

May Pork Bellies
Support should appear at 8777 to 8762 and the 8687 to 8667 region. .
Resistance is at 8857 to 8872 and the 8932 to 8967 region

- Stay tuned for Livestock and Belly Updates -

The Grande’ Grains
May Soybeans
Recommended Open BW Position Long at 582
Resistance is at 579 1/4 to 580 1/2 and 585 1/2 to 588
Support should appear near 572 3/4 to 571 1/2 and 565 1/2 to 564. Below that that buyers should appear near 555 3/4 to 554 3/4.. BW Traders can buy at 565 3/4 and hold for higher prices..

May Soymeal
Support should appear near 173.8 to 173.1
Resistance is at should appear near 177.4 to 178

May Soybean Oil
Recommended Open BW Position Long 2 at 2078 avg
Resistance should appear near the 2080 to 2088
Support should appear near 2042 to 2034

May Corn
Resistance should appear near 235 1/2 to 237
Support is at 232 1/4 to 231 1/2 and the 227 1/2 to 226 3/4 region..

May CBOT Wheat
Recommended Open BW Position Long at 321 1/2
Support should appear at 315 3/4 to 314 3/4 and 310 1/4 to 309 1/4
Resistance is at 319 1/2 to 321 1./4

The Satisfying Softs
May the ‘ Monster’ Coffee
Recommended Open BW Position Long at 6680
Support is near the 5955 to 5940 and 5880 to 5855
Resistance should appear near 6025 to 6035 and the 6100 to 6115 region

May Cocoa
Recommended Open BW Position Long at 2187
Support is at the 1922 to 1909 and 1865 to 1858
Resistance should appear near 1946 to 1953 and 1982 to 1996

May Sugar
Recommended Open BW Position Long at 827
Support should appear near 823 to 814 and 795 to 791.
Resistance should appear near 847 to 853 and 977 to 882

May Cotton
Support should appear near 5805 to 5790 and 5730 to 5715
Resistance should appear near 5855 to 5880 and the 5945 to 5955 region. A close over is friendly and augurs for a test of 6020 to 6035 and the 6105 to 6115 region.

A Ship in Harbor is Safe.. But that is not what ships are built for –

Happy Trading!
Bill
wil@futurescom.com
1-561-433-2995
Monday March 3rd, 2003
3:40 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.