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 11h, 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 10th, 2003
2:30 PM e.s.t

The "Frenzied’ Forex Front

June Yen
Support should appear near 8560 and the 8499 to 8484 region. Below that buyers should appear near 8406 to 8391 and 8314 to 8300.. BW Traders can buy at 8417 for the Pull and risk a close under 8296 for three days in a row.
Resistance should appear near 8589.. A close over is friendly and augurs for a test of 8668 to 8683 and the 8762 to 8777 region … BW Traders should go long if a close over 8593 occurs

June Euro Currency (EC)
Nearby Support should appear at 10960 and 10925… Below that buyers should appear near 10820
BW Traders can buy at 10827 and hold for higher prices.. Under that support should appear near 10752 then 10680 and the 10630 to 10580 region , which should contain a decline for a bit ..

Resistance is at 11010 and 11083, a close over is friendly and augurs for an eventual test of 11185..
Aggressive BW Traders should go long if a close over 11014 occurs.

June Swiss Franc
Recommended Open BW Position Long 2 at 7539 avg
Resistance should appear near 7587 to 7601, a close over is friendly and augurs for a test of 7675 to 7689. . Beyond that sellers should appear near the 7763 to 7777 region. Traders can sell at 7758 for a turn lower, risk a close over 7782 for three days in a row…
Support should appear near 7550 then 7513 to 7486 and 7428 to 7414 ..BW Traders can buy at 7432 and hold for higher prices.. Below that support is at 7342 to 7328 .

June British Pound
Support should appear near 1.5822 and 15760 to 1.5690, BW traders can buy at 1.5772 for a bounce and hold for higher prices.. Below that support should appear 1.5516 and the 1.5340 to 1.5290 region
Resistance should appear near 1.5926 and the 1.6090 to 1.6150 region.
BW Traders should go long if a close over 1.5936 occurs

June Canadian Dollar
Support should appear near 6782 then 6755 to 6741. BW Traders can buy at 6759 and risk a close under 6702 for three days in a row .
Resistance is at 6809 to 6836 and the 6906 to 6919 region.
BW Traders should go long if a close over 6838 occurs

June Aussie Dollar
Support is at 6035 to 6023 then 5957 to 5945.. BW Traders can buy at 6039 and risk a close under 5941 for three days in a row ..
Resistance should appear near 6101 to 6113 and 6165 to 6190..
BW Traders should go long if a close over 6117 occurs.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near the 7689 to 7675 then 7763 to 7777 and 7836 to 7864
Support should appear near the 7601 to 7587 region. However a close or extended trade under augurs for a test of 7513 to 7486 and 7430 to 7414

March SP500
Resistance is at 811.90 to 813.40 then 819.40 to 822.40 and the 830 to 831.40 region.. Above that sellers should appear near 839.10 to 840.60. A close over is friendly and augurs for a test of 848.40 to 849.90 and the 856 to 858.90 region .Where sellers should be evident and cap an advance for a bit …
Support should appear near 804.40 to 8029 and the 795.40 to 793.90 region…

Traders should Stay tuned for BW SP500 Updates and Index program trades , while day trades can occur at anytime

Nasdaq Composite
Nearby Resistance is at 1304 to 1310 and 1334 to 1346.
Support should appear near 1274 to 1268 and 1238 to 1232

March Mini Nasdaq 100
Resistance is at 970.50 to 973.50 then 982.50 to 984.00 and 992.00 to 994.00
Support is at 964.00 to 962.50 and the 954.50 to 952.50 region .. Below that buyers should appear near 944.50 to 943..00 and the 934.50 to 931.450 region , which should contain a decline for a bit…

June Ten Year T-Notes
Resistance should appear near 116-23 and 117-07, beyond that a test of 117-23 and 118-07 is l likely
Support is at 116-04 then 115-23 and 115-07

The Precious Metals

April Gold
Recommended Open BW Position Long at 356.8
Support should appear at 350.3 to 349.3 and the 338.6 to 337.7 region, 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 355.3 to 356.3..Beyond that sellers should appear near 361.3 to 362.3 .. A close over is friendly and augurs for a test of 379.5 to 380.6.
BW Traders should go long if a close over 362.7 occurs

May Copper
Support should appear near 7515 to 7485 and 7430 to 7415
Resistance should appear near 7585 to 7605 the 7675 to 7690 region.

May Silver
Nearby Support should appear near 465.0 463.5 . Below that buyers should appear near 458.5 to 457 and the 451.5 to 450.5 region.

Resistance is at 469.5 to 471.5, a close over augurs for a test of 477.5 to 478.5.

Aggressive BW Traders should go long if a close over 472.0 occurs

The Exciting Energies

April Crude Oil
Support should appear near 3682 to 3663. Below that buyers should appear near 3623 to 3613 and the 3563 to 3553 region.
Resistance is at 3736 to 3743 then 3795 to 3806 and the 3858 to 3867 region.. .

April Unleaded Gas
Support should appear near 11155 and the 11010 to 10960 region. Below that buyers should appear near 10820 then 10680 to 10630 and 10580
Resistance should appear near 11300 to 11360 and the 11640 to 11690 region .

April Heating Oil
Resistance is at 11155 and the 11300 to 11360 region , a close over is friendly and augurs for a test of 11640 to 11690 and the 11920 to 12030 region, which should cap a rally.. ..

Support should appear near 10820 and the 10680 to 10580 .region. . A slip under is negative and augurs for a test of 10470 and the 10360 to 10320 region , which should hold for a bit..

April Natural Gas
Resistance is at 6.579 to 6.591 and 6.659 to 6.673

Support is at the 6.509 to 6.482 region. Below that support is at 6.350 to 6.337

The Lively Livestock

April Live Cattle
Resistance should appear near 7487 to 7512 and the 7587 to 7602 region, beyond that sellers should appear near the 7672 to 7687.region and cap a rally for a while..
Support is at 7427 to 7412 , below that buyers should appear near 7342 to 7327 and the 7257 to 7242 region.

April Lean Hogs
Recommended Open BW Position Long at 5147
Support is at 5142 to 5127 Below that buyers should appear near the 5067 to 5037 region.
Resistance is at 5197 to 5212, a close over is friendly and augurs for a test of 5257 to 5282.
BW Traders should go long if a close over 5212 occurs.

June Lean Hogs
Recommended Open BW Position Long at 6332
Support is at 6162 then 6117 to 6102 and the 6037 to 6022 region.
BW Traders can buy at 6042 for the pull and hold for higher prices..
Resistance is at 6192 and 6257 to 6272, close over is friendly and augurs for a test of 6337 to 6352..
BW Traders should go long if a close over 6277 occurs..

May Pork Bellies
Support should appear at the 8777 to 8762 region .. .. Below buyers should appear near 8682 to 8667 and the 8587 to 8557 region BW Traders can buy at 8682 for a bounce and risk a close under 8557 for three days in a row..
Resistance is at 8857 to 8872 then 8937 to 8967 and the 9037 to 9062 region.

- Stay tuned for Livestock and Belly Updates -

                             The Grande’ Grains
May Soybeans
Recommended Open BW Position Long 2 at 574 avg
Resistance is at 571 ¾ to 572 ¾ . Beyond that sellers should appear near the 579 ¼ to 580 ½ region.   Support should appear near 564 and 557 ¾ to 555 ¼ , below that buyers should appear near
550 ½ to 549 ¼ and the 543 to 541 ¾ region.   BW Traders should go long if a close over 573 ¼ occurs

May Soymeal
Nearby Support should appear near the169.6 to 168.9 region. .. Below that buyers should appear near 165.5 to 164.2 and contain a decline. BW Traders can buy at 169.7 and risk a close under 163.9 for three days in a row..
Resistance is at should appear near 173.8 and the 177.4 to 178.0 region…
BW Traders should go long if a close over 174.4 occurs.

May Soybean Oil
Recommended Open BW Position Long 2 at 2078 avg
Resistance should appear near 2034 to 2042
Support should appear near 1996 to1982

May Corn
Resistance should appear near 241 ¼ to 242 and the 246 ¼ to 247 region
Support is at 237 to 235 ½ and 232 ¼ to 231 ½

May CBOT Wheat
Recommended Open BW Position Long at 321 ½
Support should appear at 304 ¼ to 303 ½ and the 299 to 297 ¼ region, which should contain a decline for a bit.. Under that buyers should appear near 293 ¾ to 292 ¾ .
Resistance is at 309 ¼ to 310 ¼ and 314 ¾ to 315 ¾
BW Traders should go long if a close over 316 ¼ occurs.

The Satisfying Softs
May the ‘ Monster’ Coffee
Recommended Open BW Position Long at 6145
Support is near 6115 to 6105 then 6035 to 6020 and the 5960 to 5945 region , below that 5880 to 5855 should hold. BW Traders should buy at 5890 and risk a close under 5705 for three days in a row.

Resistance should appear near 6165 to 6190. Beyond that sellers should appear near 6255 to 6270 and the 6335 to 6350 region

May Cocoa
Support is at 1996 to 1982 . Below that buyers should appear near 1865 to 1858.
Resistance should appear near 2034 to 2042 and 2080 to 2088
BW Traders should go long if a close over 2047 occurs.

May Sugar
Support should appear near 795 to 791. Below that buyers should appear near the 767 to 763 region .
Resistance should appear near 814 to 823
BW Traders should go long if a close over 826 occurs

May Cotton
Support should appear near 5730 to 5715, BW traders can buy at 5735 and risk a close under 5530 for three days in a row. Below that support should appear near 5655 to 5640.

Resistance should appear near 5790 to 5805 and the 5855 to 5880 region. Beyond that sellers should appear near 5945 to 5955, a close over is friendly and augurs for a test of 6020 to 6035
BW Traders should go long if a close over 5890 occurs.

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 10th , 2003

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.