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, Monday April 14th 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

"Among the hazards of speculation the happening of the unexpected -I might even say the
unexpectable - ranks high. There are certain chances that the most prudent man is justified in taking - chances that he must take if he wishes to be more than a mercantile mollusk--"
Reminiscences of a Stock operator.

Sunday, April 14th,2003
6:15 AM eastern standard time

The ‘Frenzied’ Forex Front

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

June Euro Currency (EC)
Recommended Open BW Position Long at 10738
Support should appear at 10715 and 10680 to 10630
Resistance is at 10750 to10785 and 10820

June Swiss Franc
Resistance should appear near 7242 to 7255.
Support should appear near the 7170 to 7143 region.
BW traders should go long if a close over 7207 occurs.

June British Pound
Recommended Open BW Position Long at 1.5658
Support should appear near the 1.5626 and 1.5586
Resistance should appear near the 1.5690 to 1.5760 region.

June Canadian Dollar
Recommended Open BW Position Long at 6846
Resistance should appear near 6909 to 6922 .
Support is at 6836 to 6809.

June Aussie Dollar
Recommended Open BW Position Long at 6008
Support is at 5990 and 5957 to 5945
Resistance should appear near 6023 to 6035 and 6068
.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8223 then 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 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 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 1361.5 to 1377 to 1383 and 1399
Support should appear near the1346 to 1334 region

March Mini Nasdaq 100
Resistance is at 1032 to 1036.00 and 1047
Support is at 1018.5 and the 1005 to 1000 region ..

June Ten Year T-Notes
Resistance should appear near 114-09 and 114-23
Support is at 113-23 and 113-17

The Precious Metals

June Gold
Recommended Open BW Position Long at 2 at 329.2 avg
Support should appear at the 327 to 326.1 and the 321.3 to 319.4 region, which should hold..
Resistance is at 331.9 to 332.8. BW Traders should go long if a close over 332.9 occurs

May Copper
Support should appear near 7170 to 7140.
Resistance should appear near the 7325 to 7345 region

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 2775 to 2756 and the 2724 to 2716 region .
Resistance is at 2820 to 2829 and the 2874 to 2883

May Unleaded Gas
Support should appear near 8405 to 8390 and the 8315 to 8300 region.
Resistance should appear near 8560 to 8590 and the 8665 to 8690 region.

May Heating Oil
Resistance is at 7325 to 7345 and 7485 to 7515
Support should appear near 7170 to 7140 and the 7005 to 6990 region.

The Lively Livestock

June Live Cattle
Support should appear near 7172 to 7142 and the 7087 to 7072 region. 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 5807 to 5792 and the 5732 to 5717 region.
Resistance is at 5857 to 5882, a close over augurs for a test of 5942 to 5957

May Pork Bellies
Recommended Open BW Position Long 2 at 8737 avg
Support should appear near 8317 to 8302 and 8227 to 8192
Resistance is at 8417 to 8432 and the 8482 to 8502 region .

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains
May Soybeans
Resistance is at the 602 1/4 to 603 1/2 and 610 1/4 to 611 1/4 region.
Support should appear near 595 3/4 to 594 1/2 and the 588 to 585 1/2 region.. Below that buyers should appear near 558 1/2 to 579 1/4. BW Traders can buy at 580 ¾ and risk a close under 570 for three days in a row.

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 2219 to 2226
Support should appear near 2185 to 2170

July Corn
Resistance should appear near 241 1/4 to 241 3/4
Support is at 237 to 235 1/2

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 6270 to 6255 and 6190 to 6165
Resistance should appear near 6335 to 6350 and 6415 to 6430.

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 the 1822 to 1808 region.
Resistance should appear near 1858 to 1865

July Sugar
Recommended Open BW Position Long at 687
Support should appear near 686 to 682.
Resistance should appear near 704 to 712

July Cotton
Recommended Open BW Position Long 2 at 5925 avg
Support should appear near 5955 to 5945 and the 5880 to 5855 region
Resistance should appear near 6020 to 6035 and the 6100 to 6115 region. .

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
Sunday April 13th, 2003
7:15 AM, 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.