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, Wed March 5th, 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

Tuesday March 4th, 2003
10:45 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 10890 then 10855 and 10820
Resistance is at 11010 then 11082 and 11155

March Swiss Franc
Recommended Open BW Position Long 7372
Resistance should appear near 7549 7587 to 7601 and the 7763 to 7777 region. Traders can sell at 7758 and risk a close over 7782 for three days in a row…
Support should appear near 7513 to 7486 and 7457.

March British Pound
Recommended Open BW Position Long at 1.5828
Support should appear near 1.5822 and 1.5760 to 1.5726
Resistance should appear near 1.5926 and 1.6004

March Canadian Dollar
Recommended Open BW Position Long at 6707
Support should appear near 6755 to 6741 and 6707
Resistance is at 6809 to 6836

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 7763 to 7777 and 7836 to 7864.
Support should appear near 7689 to7675 and the 7601 to 7587 region

March SP500
Resistance is at 830 to 831.4 and 839.10 to 840.60
Support should appear near 819.40 and the 813.40 to 811.90 region .. Below that a test of
804.40 to 802.90 is likely.
.
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 1310 and 1322
Support should appear near 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 117-22 and 118-04 .
Support is at 117-04 then 116-23 and 116-17

The Precious Metals

April Gold
Support should appear at the 355.3 and 350.3 to 349.3
Resistance is at 361.3 to 362.3 and the 366.3 to 368.2 region
BW Traders should go long if a close over 356.7 occurs

May Copper
Support should appear near 7765 and the 7690 to 7675 region
Resistance should appear near 7835 to 7865 and the 7940 to 7955 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 3682 to 3663 and 3623 to 3613 .
Resistance should appear near 3736 to 3743 and the 3795 to 3806 region

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

April Heating Oil
Resistance is at 10580 to 10630 then 10680 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 5282 to 5257 and 5212 to 5197 .
Resistance is at 5342 to 5357 and 5417 to 5432
.
June Lean Hogs
Recommended Open BW Position Long 2 at 6187 avg
Support is at 6192 to 6167 and the 6117 to 6102 region
Resistance is at 6257 to 6272 and 6337 to 6352.

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 571 1/2 to 572 3/4 and 579 1/4 to 580 1/2
Support should appear near 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 237 and 241 1/'4 to 242
Support is at 235 1/2 and 232 1/4 to 231 1/2.

May CBOT Wheat
Recommended Open BW Position Long at 321 1/2
Support should appear at 321 1/4 to 319 1/2 and 315 3/4 to 314 3/4
Resistance is at 331 3/4 to 332 3/4 and the 337 34to 338 3/4 region ,
BW Traders should go long if a close over 333 occurs.

The Satisfying Softs
May the ‘ Monster’ Coffee
Recommended Open BW Position Long at 6680
Support is near 5880 to 5855 and 5805 to 5790
Resistance should appear near 5949 to 5955 then 6025 to 6035 and the 6100 to 6115 region

May Cocoa
Recommended Open BW Position Long at 2187
Support is at the 1996 to 1982 and 1953 to 1946
Resistance should appear near 2034 to 2042 and 2080 to 2088

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 5730 to 5715 and 5655 to 5640
Resistance should appear near 5790 to 5805 then 5855 to 5880 and the 5945 to 5955 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
Tuesday March 4th, 2003
11:45 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.