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 April 2nd 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 April 1st, 2003
2:30 PM eastern standard time
The ‘Frenzied’ Forex Front
June Yen
Support should appear near 8484 then 8445 and 8406 to 8391.
Resistance should appear near 8499 then 8529 and 8560 to 8589
June Euro Currency (EC)
Support should appear at 10820 and 10750 .
Nearby Resistance is at 10890 then 10925 and the 10960 to 11010 region .
June Swiss Franc
Resistance should appear near the 7414 to 7428 region. Beyond that a test of 7486 to 7513 region is likely. Support should appear near 7378 and 7342 to 7328
June British Pound
Support should appear near 1.5690 and 1.5626
Resistance should appear near 15760 and 1.5842
June Canadian Dollar
Support should appear near 6755 to 6741
Resistance is at the 6809 to 6836 region .
June Aussie Dollar
Support is at 5990 and 5957 to 5945
Resistance should appear near 6023 to 6035
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 8119 to 8134 and 8194 to 8223
Support should appear near 8044 to 8023 and 7954 to 7939 .
June SP500
Resistance is at 856.00 to 858.90 and 866.80 to 868.30 .
Support should appear near 849.90 to 848.40 and 840.60 to 839.10
Nasdaq Composite
Resistance is at 1361.5 and 1377 to 1383
Support should appear near 1346 to 1334 and 1322.
March Mini Nasdaq 100
Resistance is at 1032 to 1036 and 1058 to 1068
Support is at the1005 to 1000 region. Below that a test of 993.50 to 992.00 is likely.
June Ten Year T-Notes
Resistance should appear near 115-07 and 115-22
Support is at 114-23 and114-08.
June Gold
Recommended Open BW Position Long at 336.9
Support should appear at 332.8 to 331.9 and 327 to 326.1..
Resistance is at 337.7 to 338.6 and the 342.5 to 344.3 region.
May Copper
Support should appear near 7170 to 7140 and the 7090 to 7075 region
Resistance should appear near the 7245 to 7255 and the 7325 to 7345 region .
May Silver
Support should appear near 442.5 and 438.5 to 437.
Resistance is at 450 to 451.5
May Crude Oil
Support should appear near 2937 to 2928 and 2882 to 2874
Resistance is at 3036 to 3045 and 3092 to 3101
May Unleaded Gas
Support should appear near 8780 to 8760 and 85590 to 8560
Resistance should appear near 9140 to 9155 and 9315 to 9345 .
May Heating Oil
Resistance is at 7485 to 7515 ad 7585 to 7605.
Support should appear near 7340 to 7325 and 7170 to 7140
The Lively Livestock
June Live Cattle
Support should appear near 7007 to 6992 .
Resistance should appear near 7072 to 7087
June Lean Hogs
Recommended Open BW Position Long 3 at 6132 avg
Support is at 5577 to 5552
Resistance is at 5717 to 5732
May Pork Bellies
Recommended open BW Position long at 8787
Support should appear at 8777 to 8762 and 8682 to 8667 .
Resistance is at 8857 to 8872 .
Stay Tuned for Livestock Updates and Flashes
The Grande’ Grains
May Soybeans
Recommended open BW Position long at 581
Resistance is at the 579 1/2 to 580 1/2
Support should appear near 573 to 571 3/4 and 565 1/4 to 564
May Soymeal
Nearby Support should appear near 169.6 to 168.9
Resistance is at should appear near 173.1 to 173.8
May Soybean Oil
Recommended open BW Position long at 2137
Resistance should appear near 2152 and 2170 to 2185
Support should appear near 2126 and the 2088 to 2080 region .
BW Traders should go long if a close over 2185 occurs
May Corn
Resistance should appear near 241 1/4 to 242
Support is at 237 and 235 1/2
May CBOT Wheat
Support should appear at 282 3/4 to 282 and 277 1/2 to 275 3/4
Resistance is at 287 1/2 to 288 3/4 and the 292 3/4 to 293 3/4 region
BW Traders should go long if a close over 289 occurs.
The Satisfying Softs
May the ‘ Monster’ Coffee
Recommended Open Position Long at 5890
Support is near 5805 to 5790 and 5730 to 5715
Resistance should appear near 5855 to 5880 and the 5945 to 5955 region.
May Cocoa
Recommended Open position , long at 2054
Support is at 1946 and 1909 to 1902
Resistance should appear near 1982 to 1996 .
May Sugar
Recommended Open position Long at 785
Support should appear near 739 to 735.
Resistance should appear near 763 to 767
May Cotton
Recommended open Position Long 2 at 5835 avg
Support should appear near 5725 to 5715 and 5655 to 5640
Resistance should appear near 5790 to 5805 and the 5855 to 5880 region
BW Traders should go long if a close over 5890 occurs.
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, April1st , 2003
3:30 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.
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