Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500 
Precious Metals - Energy - Livestock - Grains - Softs


FuturesCom Investment Publications
Morning Comments, Tuesday April
  15th 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


Monday, April 14th,2003
3:00 PM 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 10785 and 10820

June Swiss Franc
Recommended Open BW Position Long at 7213
Resistance should appear near 7242 to 7255.
Support should appear near the 7170 to 7143 region. 

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 8391 to 8406 .. Beyond that sellers should appear near 8484 to 8499 and the 8560 to 8589 region.. 
Support should appear near 8314 to 8300 and 8223 to 8194 

June SP500
R
esistance
is at 885.60 to 887.10 then 893.40 to 896.40 and 904.40 to 906.00 
Support  should appear near  877.70 to 876.20 and 868.30 to 866.80 

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

Nasdaq Composite
Resistance
is at 1399 and 1415 to 1421 
Support should appear near 1383 to 1377  

March Mini Nasdaq 100
Resistance
is at 1058 to 1068 and 1082 
Support is at  1047 and 1036 to 1032  ..

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 321.3 to 319.4 region.  
Resistance is at 326.10 to 327

May Copper
Support
should appear near 7240 and 7170 to 7140.  
Resistance
should appear near 7325 to 7345 and the 7415 to 7430 region   

May Silver
Recommended Open BW Position Long at 448.0
Support should appear near 451.5 to 450.5 and 444.5 to 442.5 
Resistance
is at 457 to 458.5

                             The Exciting Energies

June Crude Oil
Resistance
should appear near  2716 to 2724 and the 2724 to 2716 region . 
Support
is at 2672 to 2662 and 2620 to 2612  

May Unlead
ed 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 7485 to 7515 and the 7675 to 7690 region  
Support
should appear near 7345 to 7325 and 7255 to 7240  

                   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 5732 to 5717 and 5652 to 5637   
Resistance is at  5792 to 5807 and 5857 to 5882, 

May Pork Bellies
Recommended Open BW Position Long  2 at 8737 avg
Support
should appear near 8227 to 8192 and 8137 to 8117  
Resistance
is at 8302 to 8317 and  8417 to 8432

 Stay Tuned for Livestock Updates and Flashes

                      The Grande’ Grains
May Soybeans
Resistance is at the 610 1/4 to 611 1/4 region. Beyond that sellers should appear near 616 1/2 to 619
Support
should appear near 603 1/2 to 602 1/4  and 595 3/4 to 594 1/2 

May Soymeal
Support
should appear near 182.2 to 180.8 and 178.0 to 177.4 
Resistance
is at should appear near 185.8 to 186.5 

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 282 3/4 to 282
Resistance is at  287 1/2 to 288 1/4 

                          The Satisfying Softs

July the ‘ Monster’ Coffee
Recommended Open BW Position Long 3 at 6335 avg
Support is near 6035 to 6020 and 5880 to 5855 
Resistance should appear near 6105 to 6115 and 6165 to 6190 

May  Coffee
Recommended Open BW Position Long at 6225
Support is near 5730 to 5715 and 5655 to 5640 
Resistance
should appear near 5805 and 5855 to 5880 

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 5880 to 5855 and 5805 to 5790 
Resistance
should appear near 5945 to 5960 and 6020 to 6035  .

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
Monday April 14th, 2003  
4:10 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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