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 April
  4th 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 April 3rd,2003
2:30  PM eastern standard time


                             The ‘Frenzied’ Forex Front

June Yen
Support
should appear near 8314 to 8300 
Resistance
should appear near 8391 to 8406 

June Euro Currency (EC)
Support should appear at 10680  to 10630 
Resistance is at 10715 and 10750 .

June Swiss Franc
Resistance
should appear near 7242 to 7255  . 
Support should appear near 7206 and 7170 to 7143

June  British Pound
Support should appear near 1.5520 and 1.5360 to 1.5290  
Resistance should appear near 15626 and 1.5690  

June  Canadian Dollar
S
upport should appear near 6741 and 6673 to 6659 
Resistance is at 6755 and 6783 .

June Aussie Dollar
Support
is at 5957 to 5945  
Resistance should appear near 5990 and 6023 to 6035

                The Sensational Stock and Bond Markets

Dow Jones Industrial Average  
Resistance should appear near the 8391 to 8406 region . Beyond that sellers should appear near 8484 to 8499 and cap a rally. 
Support should appear near 8314 to 8300 and 8223 to 8194  .

June SP500
R
esistance
is at 885.60 to 887.10  and 893.40 to 896.40
Support  should appear near 877.70 to 876.20 and the 868.30 to 866.80 region 

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

March Mini Nasdaq 100
Resistance
is at 1082, beyond that 1096 to 1101 should bring sellers out from the woodwork.. 
Support is at 1068 to 1058 then 1047 and 1036 to 1032.  

June Ten Year T-Notes
Resistance
should appear near 114-23 and 115-07
Support is at 114-08 ands 113-233 

                                                                  The Precious Metals

June  Gold 
Recommended Open BW Position Long at 336.9
Support should appear at 321.3 to 319.4..  
Resistance is at 326.1 to 327.  

May Copper
Support
should appear near the 7090 to 7075 region   
Resistance
should appear near the 7145 to 7170 and 7245 to 7255 

May Silver
Support should appear near  438.5 to 437 and 431.5 to 430.5 
Resistance is at 442.5 to 444.5   

                               The Exciting Energies

May Crude Oil
Support
should appear near 2883 to 2874 and 2829 to 2820 
Resistance is at 2972 to 2990 and 3036 to 3045 

May Unlead
ed Gas
Support should appear near 8500 to 8485 then 8315 to 8300 and 8225 to 8195  
Resistance should appear near 8760 to 8775 then 8855 to 8870  and 9045 to 9060  . 

May Heating Oil
Resistance
is at 7325 to 7345 then 7415 to 7430  and 7485 to 7515
Support should appear near 7170 to 7145 and 7005 to 6990   

                       The Lively Livestock

June Live Cattle
Support
should appear near 7087 to 7072 . 
Resistance should appear near 7142 to 7172

June  Lean Hogs
Recommended Open BW Position Long 2 at 6032 avg
Support
is at 5852 then 5807 to 5792 and  5732 to 5717 
Resistance is at 5942 to 5957 and 6022 to 6037

May Pork Bellies
Recommended open BW Position long at 8787
Support
should appear at 8967 to 8932 and 8872 to 8857. 
Resistance
is at 9142 to 9157 and the 9317 to 9347 region .

 
Stay Tuned for Livestock Updates and Flashes

                        The Grande’ Grains
May Soybeans
Resistance
is at the 585 1/2 to 588 and the 594 1/2 to 595 3/4 region  
Support should appear near 580 1/2 to 579 1/4 and 573 to 571 3/4 

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
Resistance
should appear near 2170 to 2185 and 2219 to 2226 
Support should appear near  2134 to 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
Suppor
t should appear at  277 1/2  to 275 3/4 
Resistance is at 282 to 282 3/4 and 287 1/2 to 288 3/4
BW Traders should go long if a close over 289 occurs.

                        The Satisfying Softs
May the ‘ Monster’ Coffee
Support
is near 6115 to 6105 and the 6035 to 6020 region , below that 5955 to 5945 should hold    
Resistance should appear near 6165 to 6195 and the 6255 to 6270 region  
BW
Traders should go long if a close over 6195 occurs. 

May Cocoa 
Support
is at  1909 to 1902
Resistance should appear near 1946 to 1953 

May Sugar
Support
should appear near 767 to 763     
Resistance should appear near 791 to 795     

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 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  
Wednesday, April 2nd ,  2003
11:30 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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