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, Friday March 21st, 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

Thursday March 20th, 2003
3:30 PM e.s.t

The "Frenzied’ Forex Front

June Yen
Recommended Open BW Position Long 8417
Support should appear near 8316 to 8300 and 8265
Resistance should appear near 8391 to 8407 then 8445

June Euro Currency (EC)
Support should appear near 10580 then 10525 and 10470
Resistance is at 10630 to 10680

June Swiss Franc
Resistance should appear near 7242 to 7255
Support should appear near 7170 to 7143

June British Pound
Support should appear near 1.5516 and 1.5484
Resistance should appear near the 1.5626 and 1.5690 .

June Canadian Dollar
Support should appear near 6673 to 6659
Resistance is at 6741 to 6755

June Aussie Dollar
Support is at 5880 to 5855 and 5805 to 5790
Resistance should appear near 5912 and 5945 to 5957

                  The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8300 to 8314 and 8345.
Support should appear near 8223 to 8194 and 8134 to 8119

June SP500
Resistance should appear near the 876.20 to 877.70 region. Above that sellers should appear near 885.60 to 887.10
Support should appear near 868.30 to 866.80 and 858.90 to 856.00, a close under augurs for a test of 849.90 to 848.40 and 840.60 to 839.10...
** BW Traders should go Short if a close Under 866.70 occurs .

Nasdaq Composite
Resistance is at 1415 to 1421
Support should appear near 1383 to 1377

June Mini Nasdaq 100
Resistance is at 1082.00 and the 1096.00 to 1101.00 region
Support should appear near 1068.00 to 1058.00 and 1036.00 to 1032.00

June Ten Year T-Notes
Resistance should appear near 113-23 and 114-07
Support is at 113-04 and 112-23 which should hold.

The Precious Metals

April Gold
Recommended Open BW Position Long 2 at 347.3
Support should appear at 331.9 and 327 to 326.1
Resistance is at 335.20 then 337.7 to 338.6 and 342.5 to 344.3

May Copper
Support should appear near 7605 to 7585 and 7515 to 7485
Resistance should appear near 7675 to 7690 and 7760 to 7780

May Silver
Support should appear near 438.5 to 437 and the 431.5 to 430.5 region
Resistance is at 442.4 to 444.5 and the 450.5 to 451.5 region.
** BW Traders should go long if a close over 445.5 occurs

                             The Exciting Energies
May Crude Oil
Support should appear near 2820 then 2775 to 2758 and 2724 to 2716
Resistance is at 2874 to 2883 and 2928 to 2937

April Unleaded Gas
Support should appear near 9040 to 9060 and 8965 to 8935
Resistance should appear near 9140 to 9155 and 9315 to 9345

April Heating Oil
Support is at 8225 to 8195 and 8045 to 8025
Resistance  should appear near 8300 to 8315 and the 8390 to 8405 region

The Lively Livestock

April Live Cattle
Resistance should appear near 7487 to 7512 and 7587 to 7602
Support should appear near 7432 to 7417 and 7342 to 7322

April Lean Hogs
Support is at 5282 to 5257 and the 5212 to 5197 region .
Resistance is at 5347 to 5357 and the 5412 to 5432 region.

June Lean Hogs
Recommended Open BW Position Long 2 at 6177 avg
Support should appear near 6112 to 6102 and 6037 to 6022.
Resistance is at 6167 to 6192 and 6257 to 6272

May Pork Bellies
Support should appear at 9062 to 9042 and 8872 to 8857 ..
Resistance is at 9140 to 9157 and the 9317 to 9347 region.

- Stay tuned for Livestock and Belly Updates -

The Grande’ Grains
May Soybeans
Recommended Open BW Position Long at 575 1/4
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

May Soymeal
Recommended Open BW Position Long at 174.5
Support should appear near the 169.6 to 168.9 region. ..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

May Soybean Oil
Resistance should appear near 2170 to 2185
Support should appear near 2134 to 2126 and 2088 to 2080

May Corn
Resistance should appear near 235 1/2 to 237
Support is at 232 1/4 to 231 1/2

May CBOT Wheat
Support should appear at 293 3/4 to 292 3/4 and 288 1/4 to 287 1/2
Resistance is at 297 1/4 to 299
** BW Traders should go long if a close over 299 3/4 occurs.

The Satisfying Softs

May the ‘ Monster’ Coffee
Recommended Open BW Position Long at 5890
Resistance should appear near 6105 to 6115 and the 6165 to 6190 region
Support should appear near 6035 to 6025 and the 5955 to 5945 region

May Cocoa
Recommended Open BW Position Long 2054
Support is at 1996 to 1982 and 1953 to 1946
Resistance should appear near 2034 to 2043 and 2080 to 2088

May Sugar
Recommended Open BW Position Long 785
Resistance should appear near 779 and 791 to 795
Support should appear near 767 to 763 and 738 to 735

May Cotton
Recommended Open BW Position Long at 5930
Support should appear near 5880 to 5855 and 5805 to 5790
Resistance should appear near 5945 to 5960 and 6020 to 6035.

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

Happy Trading!
Bill
wil@futurescom.com

1-561-433-2995
Thursday March 20th , 2003
4:30 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.