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 April 10th 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

Observation. Experience, memory and mathematics--These are what a successful trader must depend on. A man can have great mathematical ability and unusual power of accurate observation and yet fail in speculation unless he also possesses the experience and memory.
-Reminiscences of a Stock operator-

Wednesday, April 9th,2003
2:15 PM eastern standard time

The ‘Frenzied’ Forex Front

June Yen
Recommended Open BW Position Long at 8363
Support should appear near 8314 to 8300 then 8223 to 8194
Nearby Resistance should appear near 8391 to 8406 and the 8484 to 8499 region …

June Euro Currency (EC)
Recommended Open BW Position Long at 10738
Nearby Support should appear at 10715 and 10680 then 10655 and 10630
Resistance is at 10750 and 10820

June Swiss Franc
Resistance should appear near 7242 to 7255. A close over is friendly and augurs for a test of 7324 to 7342 and the 7414 to 7428 region
Support should appear near the 7170 to 7143 region. Below that buyers should appear near 7088 to 7074 ..
Aggressive BW traders should go long if a close over 7257 occurs.

June British Pound
Support should appear near the 1.5522 and 1.5340 to 1.5290 region
Resistance should appear near 1.5626 and the 1.5690 to 1.5760 region.
BW Traders should go long if a close over 1.5628 occurs

June Canadian Dollar
Recommended Open BW Position Long at 6757
Support should appear near 6755 to 6741 and 6673 to 6659 .
Resistance is at 6809 to 6836.
BW Traders should go long if a close over 6838 occurs.

June Aussie Dollar
Recommended Open BW Position Long at 6008
Support is at 5957 to 5945 and 5912.
Resistance should appear near 6023 to 6035.
.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near the 8300 to 8314 and 8391 to 8406 .. Beyond that sellers should appear near 8484 to 8499 and the 8560 to 8589 region..

Support should appear near 8261.5 then 8223 to 8194 and 8134 to 8119 region. ..

June SP500
Resistance is at 876.20 to 877.70 then 885.60 to 887.10 and 893.40 to 896.40
Support should appear near 868.30 to 866.80 and 858.90 to 856

Traders should Stay tuned for BW SP500 Updates and Index program trades , while day trades can occur at anytime

Nasdaq Composite
Resistance is at 1377 to 1383 and 1399
Support should appear near the 1361.5 and the 1346 to 1334 region

March Mini Nasdaq 100
Resistance is at 1047 and 1058 to 1068
Support is at 1036 to 1032 .. a slip under is negative and augurs for a test of the 1005 to 1000 region ..

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

The Precious Metals

June Gold
Recommended Open BW Position Long at 2 at 329.2 avg
Support should appear at the 321.3 to 319.4 region, which should hold.. Below that buyers should appear near 315.7 to 314.8 ..
Resistance is at 326.1 to 327 and the 331.9 to 332.8 region .. A close over is friendly and augurs for a test of 342.5 to 344.3 and the 349.3 to 350.3 region

BW Traders should go long if a close over 332.9 occurs

May Copper
Support should appear near 7170 to 7140 and the 7090 to 7075 region
Resistance should appear near the 7240 to 7255 and 7325 to 7345 .

May Silver
Recommended Open BW Position Long at 448.0
Support should appear near 444.5 to 442.5 and 438.5 to 437
Resistance is at 450.5 to 451.5 and 457 to 458 .

The Exciting Energies

May Crude Oil
Support should appear near 2829 to 2820 and 2775 to 2758
Resistance is at 2874 to 2883 and the 2928 to 2937 region .

May Unleaded Gas
Support should appear near 8590 to 8560 and 8500 to 8485
Resistance should appear near 8765 to 8780 and the 8935 to 8965 region.

May Heating Oil
Resistance is at 7485 to 7515 .. Beyond that sellers should appear near 7585 to 7605 and the 7760 to 7780 region.
Support should appear near 7345 to 7325 and 7170 to 7140

The Lively Livestock

June Live Cattle
Support should appear near 7172 to 7142 and 7087 to 7072, BW Traders can buy at 7087 for a bounce and risk a close under 6982 for three days in a row.
Resistance is at 7242 to 7257 and the 7325 to 7342 region.

June Lean Hogs
Recommended Open BW Position Long 2 at 6032 avg
Support is at 5852 then 5807 to 5792 and the 5732 to 5717 region.
Resistance is at 5882 and 5942 to 5957

May Pork Bellies
Recommended Open BW Position Long 2 at 8737 avg
Support should appear near 8407 to 8392 and 8317 to 8302
Resistance is at 8487 to 8502 and the 8557 to 8587 region.

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains
May Soybeans
Resistance is at the 610 1/4 to 611 1/4 region.
Support should appear near 6031/2 to 602 1/4 and the 595 3/4 to 594 1/2 region.

May Soymeal
Support should appear near 178.0 to 177.4 and 173.8 to 173.1
Resistance is at should appear near 180.8 to 182.2

May Soybean Oil
Recommended Open BW Position Long at 2231
Resistance should appear near 2267 to 2275
Support should appear near 2226 to 2219 and 2185 to 2170

July Corn
Resistance should appear near 246 to 246 3/4
Support is at 241 3/4 to 241 1/4

July CBOT Wheat
Recommended Open BW Position Long at 294 1/4
Support should appear at 288 1/4 to 287 1/2
Resistance is at 293 3/4 and 297 1/4 to 299

The Satisfying Softs

July the ‘ Monster’ Coffee
Recommended Open BW Position Long 2 at 6410 avg
Support is near 6335 and 6270 to 6255
Resistance should appear near 6415 to 6430 and 6485 to 6510.

May Coffee
Recommended Open BW Position Long at 6225
Support is near 6035 to 6020 and 5955 to 5945
Resistance should appear near 6105 to 6115 and 6165 to 6190

July Cocoa
Recommended Open BW Position Long at 1962
Support is at 1953 to 1946 and 1909 to 1902.
Resistance should appear near 1982 to 1996 and the 2034 to 2042 region.

July Sugar
Support should appear near 686 to 682 region..
BW Traders can buy at 687 and risk a close under 657 for three days in a row
Resistance should appear near 704 to 712
BW Traders should go long if a close over 741 occurs.

July Cotton
Recommended Open BW Position Long 2 at 5885
Support should appear near 5855 and the 5805 to 5790 region.. Below that buyers should appear near 5730 to 5715, BW traders can buy at 5735 and risk a close under 5530 for three days in a row. Under that support should appear near 5655 to 5640.

Resistance should appear near 5880 and 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 5965 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
Wed April 9th, 2003

3:15 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.