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 24th 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

Wed, April 23rd, 2003
2:30 PM eastern standard time

The ‘Frenzied’ Forex Front

June Yen
Support should appear near 8314 to 8300 and 8223 to 8194
Nearby Resistance should appear near 8351 and 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 7255 to 7242 region .

June British Pound
Recommended Open BW Position Long at 15810
Support should appear near 1.5690 and 1.5626
Resistance should appear near 15842 and 1.5960

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 6113 to 6101
Resistance should appear near the 6165 to 6190

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8560 to 8589 and the 8668 to 8683 region.
Support should appear near 8499to 8484 and 8406 to 8391

June SP500
Resistance is at 923.60…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 915.60 to 914.00 and 906.00 to 904.40

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

Nasdaq Composite
Resistance is at the 1484 to 1496 region
Support should appear near 1459 to 1453 .

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 the 327 to 326.1 region.
Resistance is at 332.8 and 337.7 to 338.6

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
Support should appear near 458.5 to 457 and 451.5 to 450.5
Resistance is at 465 and the 469.5 to 471.5 region.

The Exciting Energies

June Crude Oil
Support should appear near 2663 and the 2620 to 2612 region .
Resistance is at 2716 to 2724

June Unleaded Gas
Support should appear near 8135 to 8115 and the 8045 to 8030 region.
Resistance should appear near 8300 to 8315 and 8390 to 8405

June Heating Oil
Resistance is at 7140 to 7170 and 7240 to 7255 .
Support should appear near 7005 to 6990 and the 6920 to 6905 region

The Lively Livestock

June Live Cattle
Support should appear near 7142 and 7087 to 7072
Resistance is at 7172 and 7242 to 7257

June Lean Hogs
Recommended Open BW Position Long 5887
Support is at 6037 to 6022 and 5957 to 5942 .
Resistance is at 6102 to 6112 and the 6162 to 6192 region.

May Pork Bellies
Recommended Open BW Position Long 2 at 8602 avg
Support should appear near 8502 to 8482 and the 8407 to 8392 region
Resistance is at 8557 to 8587 and the 8667 to 8682 region.

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains

July Soybeans
Recommended Open BW Position Long 611 3/4
Resistance is at 610 1/4 to 611 1/4 and 616 1/2 to 619
Nearby Support should appear near 603 1/2 to 602 1/4 and the 595 3/4 to 594 1/4 region

July Soymeal
Nearby Support should appear near 180.8 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 182.2 and 185.8 to 186.5

July Soybean Oil
Resistance should appear near the 2219 to 2226 region.
Support should appear near the 2185 to 2170 and 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 288 1/4 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 293 3/4 and the 297 1/4 to 299 region

The Satisfying Softs

July the ‘Monster’ Coffee
Recommended Open BW Position Long 6680
Support is near 6590 to 6575 and 6510 to 6485
Resistance should appear near 6655 to 6675 and the 6740 to 6755 region.

July Cocoa
Support is at 1865 to 1858 and 1822 to 1808
Resistance should appear near 1902 to 1909 and 1946 to 1953

July Sugar
Recommended Open BW Position Long at 746
Support should appear near 751 and 738 to 735
Resistance should appear near 763 to 767 and 779 .

July Cotton
Support should appear near 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 5945 to 5955 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
Wed April 23rd, 2003
3:30 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.