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 12th, 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 11th, 2003
3:30 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 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
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 7550 and 7587 to 7601
Support should appear near 7513 to 7486 and 7428 to 7414 ..BW Traders can buy at 7432 and hold for higher prices..

June British Pound
Recommended Open BW Position Long at 1.5958
Support should appear near 1.5926 then 1.5822 and 15760 to 1.5690, BW traders can buy at 1.5772 for a bounce and hold for higher prices.
Resistance should appear near 1.6004 and the 1.6090 to 1.6150 region.

June Canadian Dollar
Recommended Open BW Position Long at 6759
Support should appear near 6755 to 6741.
Resistance is at 6782 and 6809 to 6836

June Aussie Dollar
Recommended Open BW Position Long at 6039
Support is at 5957 to 5945.
Resistance should appear near 6023 to 6035 .

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 7587 to 7601 and the 7689 to 7675 region.
Support should appear near 7513 to 7486 and the 7430 to 7414 region.

March SP500
Resistance is at 802.90 to 804.40 and the 811.90 to 813.40 region. Beyond that sellers should appear near 819.40 to 822.40 and the 830 to 831.40 region..
Support should appear near 795.40 to 793.90 and the 786.40 to 783.60 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 1274 then 1289 and the 1304 to 1310 region
Support should appear near 1268 and the 1238 to 1232 region.

March Mini Nasdaq 100
Resistance is at 962.50 to 964.00 then 970.50 to 973.50 and the 982.50 to 984.00 region.
Support is at 954.50 to 952.50.. 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 7605 to 7585 and 7515 to 7485
Resistance should appear near 7675 to 7690 and the 7765 to 7780 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 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 10960. Below that buyers should appear near 10820 then 10680 to 10630 and 10580
Resistance should appear near 11155 and 11300 to 11360 .

April Heating Oil
Resistance is at 10320 to 10360 and 10470.

Support should appear near 10180 and the 10050 to 10000 region . Below that buyers should appear near 9935 to 9920

The Lively Livestock

April Live Cattle
Resistance should appear near 7327 to 7342
Support should appear near the 7257 to 7242 region.

April Lean Hogs
Recommended Open BW Position Long 2 at 5187
Support is at 5212 to 5192 and 5142 to 5127
Resistance is at 5257 to 5282 and 5342 to 5357

June Lean Hogs
Recommended Open BW Position Long at 6332
Support is at 6192 to 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 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 8872 to 8857 and the 8777 to 8762 region .. .. Below buyers should appear near 8682 to 8667 BW Traders can buy at 8682 for a bounce and risk a close under 8557 for three days in a row..
Resistance is at 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 2126 to 2134
Support should appear near 2080 and 2042 to 2034

May Corn
Resistance should appear near 237 1/2 and 241 1/4 to 242
Support is at 232 1/4 to 231 1/2

May CBOT Wheat
Recommended Open BW Position Long at 321 1/2
Support should appear at 299 to 2971/4.
Resistance is at 303 3/4 to 304 1/2 and 309 1/4 to 310 1/4.

The Satisfying Softs
May the ‘ Monster’ Coffee
Recommended Open BW Position Long at 6145
Support is near 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 6025 to 6035 and 6105 to 6115

May Cocoa
Support is at 1982 and 1953 to 1946.
Resistance should appear near 2034 to 2042
BW Traders should go long if a close over 2047 occurs.

May Sugar
Support should appear near 795 to 791.
Resistance should appear near 814 to 823
BW Traders should go long if a close over 826 occurs

May Cotton
Support should appear near 5805 to 5790 and 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 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
Tuesday March 11th , 2003
4:40 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.