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, Thursday March 13th, 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

Wed March 12th, 2003
2:30 PM e.s.t

The "Frenzied’ Forex Front

June Yen
Support should appear near 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 8560 to 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 10985 and 11010.
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 7513 and 7550
Support should appear near 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 1.6004 then 1.5926 and 1.5822
Resistance should appear near the 1.6090 to 1.6150 region.

June Canadian Dollar
Recommended Open BW Position Long at 6759
Support should appear near 6741 and the 6673 to 6659 region
Resistance is at 6755 and 6782

June Aussie Dollar
Recommended Open BW Position Long at 6039
Support is at 5880 to 5855 .
Resistance should appear near 5945 to 5957.

The Sensational Stock and Bond Markets
Analysis has moved to June Futures

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.

June 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 1289 and the 1304 to 1310 region
Support should appear near 1274 to 1268.

June Mini Nasdaq 100
Resistance is at 973.50 then 982.50 to 984.00 and the 992.00 to 993.50 region.
Support is at 964.00 to 962.50 and 954.50 to 952.50..

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 344.3 to 342.4 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 349.3 to 350.3

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

May Silver
Nearby Support should appear near 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 3743 to 3736 and 3682 to 3663..
Resistance is at 3795 to 3806 and the 3858 to 3867 region, .

April Unleaded Gas
Support should appear near 11155 and 11010 to 10960. 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 10360 the 10470 and the 10580 to 10680 region
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 avg
Support is at 5257 then 5212 to 5192 and 5142 to 5127
Resistance is at 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 9062 to 9042 and the 8967 to 8937 region
Resistance is at 9140 to 9157 and 9237 .

- Stay tuned for Livestock and Belly Updates -

                             The Grande’ Grains
May Soybeans
Recommended Open BW Position Long at 565 3/4
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 173.1 to 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 2080 to 2088
Support should appear near 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 and 293 3/4 to 292 3/4
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 2 at 6020 avg
Support is near 5880 to 5855 and 5805 to 5790
Resistance should appear near 5945 to 5955 and 6025 to 6035

May Cocoa
Support is at 1996 to 1982 and 1953 to 1946.
Resistance should appear near 2034 to 2042
BW Traders should go long if a close over 2047 occurs.

May Suga
Support should appear near 767 to 763 .
Resistance should appear near 791 to 795

May Cotton
Recommended Open BW Position Long at 5735
Support should appear near 5805 to 5790 and 5730 to 5715
Resistance should appear near the 5945 to 5955 region , 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
Wed March 12th , 2003
4:05 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.