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, Wed April 23rd 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 22nd, 2003
5:25 PM eastern standard time

The ‘Frenzied’ Forex Front

June Yen
Support should appear near 8351 and 8314 to 8300 .
Nearby Resistance should appear near 8391 to 8406
BW Traders should go long if a close over 8414 occurs

June Euro Currency (EC)
Recommended Open BW Position Long at 10948
Nearby Support should appear at 10935 and 10890
Resistance is at 10960 to 11010.

June Swiss Franc
Recommended Open BW Position Long at 7305
Resistance should appear near 7328 to 7342
Support should appear near the 7291 and 7255 to 7242. .

June British Pound
Support should appear near 1.5690 and 1.5626
Resistance should appear near the 1.5760 and 15842
BW Traders should go long if a close over 1.5726 occurs

June Canadian Dollar
Support should appear near 6836 to 6809
Resistance is at the 6906 to 6921 region

June Aussie Dollar
Recommended Open Position Long at 6181
Support is at 6165 and 6113 to 6101
Resistance should appear near the 6190 and 6222

The Sensational Stock and Bond Markets

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

June SP500
Resistance is at 914.00 to 915.60 .Where sellers should be evident and cap an advance for a bit … Beyond that a test of 923.60 is likely …Above that sellers should appear near 931.60 to 934.70 and 942.90 to 944.50 .
BW Traders can sell at 931.50 and hold for lower prices… Initially plan on risking a close over 945.40 for three days in a row.
Support should appear near 906.00 to 904.40 and 896.40 to 893.40

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

Nasdaq Composite
Resistance is at the 1453 to 1459 region . A close over is friendly for a test of 1484 to 1496..
Support should appear near 1437 and 1421 to 1415 ..

June Mini Nasdaq 100
Resistance is at the 1130 to 1136 region.
Support is at 1101 to 1096 .

June Ten Year T-Notes
Resistance should appear near 114-07.. Beyond that sellers should appear near 114-23 and 115-07

Support is at 113-23 and 113-07.. Below that buyers should appear near 112-23 and 112-07

The Precious Metals

June Gold
Recommended Open BW Position Long at 333.9
Support should appear at 332.8 to 331.9 and the 327 to 326.1 region, which should hold..
Resistance is at 337.7 to 338.6 and the 342.5 to 344.3 region.

July Copper
Recommended Open BW Position Short at 7315
Support should appear near 7240 and the 7170 to 7140 region.

Resistance should appear near the 7325 to 7345 and the 7415 to 7430 region.... A close over augurs for a test of 7485 to 7515 and the 7585 to 7605 region , which should cap an advance.. BW Traders can sell at 7585 and risk a close over 7790 for three days in a row.

July Silver
Recommended Open BW Position Long at 455
Support should appear near 458.5 to 457 and 451.5 to 450.5
Resistance is at 463.5 to 465 region.

The Exciting Energies

June Crude Oil
Support should appear near 2775 to 2758 and the 2672 to 2663 region .
Resistance is at 2820 to 2829 and 2874 to 2883

June Unleaded Gas
Support should appear near 8500 to 8485 and the 8405 to 8390 region
Resistance should appear near 8665 to 8685 and the 8760 to 8775 region.

June Heating Oil
Resistance is at 7485 to 7515 and 7585 to 7605 .
Support should appear near 7345 to 7325 and 7255 to 7240

The Lively Livestock

June Live Cattle
Recommended Open BW Position Long at 7087
Support should appear near 7087 to 7072 and 7007 to 6992
Resistance is at the 7142 to 7172 region. A close over is friendly and augurs for a test of 7242 to 7257

June Lean Hogs
Recommended Open BW Position Long 2 at 5935 avg
Support is at 5947 and the 5882 to 5852 region..
Resistance is at 6022 to 6037 and 6102 to 6112 .

May Pork Bellies
Recommended Open BW Position Long 8655
Support should appear near 8407 to 8392 and the 8317 to 8302 region .. Below that buyers should appear near 8222 to 8192
Resistance is at 8487 to 8502. a close over is friendly and augurs for a test of 8557 to 8587 and the 8667 to 8682 region. Beyond that a trade towards the 8762 to 8777 region is likely ..

BW Traders should go long if a close over 8507 occurs

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains

July Soybeans
Recommended Open BW Position Long 611 3/4
Resistance is at 616 1/2 to 619 and 625 1/4 to 627
Nearby Support should appear near 610 1/2 and 603 1/2 to 602 1/4
BW Traders should go long if a close over 627 3/4 occurs

July Soymeal
Nearby Support should appear near 182.2 to180.8 and the 178.0 to 177.4 region
BW Traders can buy at 178.2 and risk a close under 172.9 for three days in a row..
Resistance is at should appear near 185.8 to 186.5 and 1902 to 190.9
BW Traders should go long if a close over 191.2 occurs

July Soybean Oil
Resistance should appear near 2170 to 2185 and the 2219 to 2226 region.
Support should appear near the 2134 to 2126 region..

July Corn
Resistance should appear near 241 1/4 to 241 3/4
Support is at 237 to 235 ½ BW Traders can buy at 237 1/4 and risk a close under 230 3/4 for three days in a row..

July CBOT Wheat
Recommended Open BW Position Long at 293 1/4
Support should appear at 2881/4 to 287 ½ and 282 3/4 to 282. BW Traders can buy at 282 3/4 for a bounce and risk a close under 274 3/4 for three days in a row.

Resistance is at 292 3/4 to 293 3/4 .

The Satisfying Softs

July the ‘Monster’ Coffee
Recommended Open BW Position Long 2 at 6395 avg
Support is near 6675 to 6655 and 6590 to 6575
Resistance should appear near 6740 to 6755 and 6805 to 6835

July Cocoa
Support is at 1909 to 1902
Resistance should appear near 1953 and 1982 to 1996 .

July Sugar
Recommended Open BW Position Long at 746
Support should appear near 738 to 735
Resistance should appear near 763 to 767 and 779 .

July Cotton
Support should appear near the 6035 to 6020 and the 5880 to 5855 region . Below that buyers should appear near 5805 to 5790, BW traders can buy at 5815 and risk a close under 5710 for three days in a row.

Resistance should appear near the 6105 to 6115 region. A close over is friendly and augurs for a test of6165 to 6190 and the 6255 to 6170 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
Tuesday April 22nd, 2003
6:00 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.