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, Saturday April 26th 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--

Saturday, April 26th, 2003
8:50 AM eastern standard time

The ‘Frenzied’ Forex Front

June Yen
Support should appear near 8314 to 8300 and 8223 to 8194
Resistance should appear near 8391 to 8406
BW Traders should go long if a close over 8414 occurs

June Euro Currency (EC)
Nearby Support should appear at 10985 to 10960 and 10935
Resistance is at 11010 then 11085 and 11155

June Swiss Franc
Resistance should appear near 7378 and 7414 to 7428
Support should appear near the 7342 to 7328 region .

June British Pound
Support should appear near the 1.5760 to 1.5690 region
Resistance should appear near 1.5842 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 region

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8314 and the 8391 to 8406 region. Beyond that sellers should appear near 8484 to 8499 and the 8560 to 8589 region.
Support should appear near 8300 and the 8223 to 8194 region.. A slip under augurs for a test of 8134 to 8119

June SP500
Resistance is at 904.40 to 906.00 then 914.00 to 915.60 and 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 896.40 to 893.40 then 887.10 to 885.60 and the 877.70 to 876.20 region
An extended trade or close under is negative and augurs for a test of 858.90 to 856 and eventually the 849.90 to 848.40 region…
Aggressive BW Traders should go short if a close under 875.70 occurs

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

Nasdaq Composite
Resistance is at the 1437 and the 1453 to 1457 region
Support should appear near the 1421 to 1415 region

June Mini Nasdaq 100
Resistance is at the 1096 to 1101 and the 1130 to 1136 region.
Support is at 1082 and the 1068 to 1058 region.

June Ten Year T-Notes
Resistance should appear near 115-07 and 115-21
Support is at 114-21 then 114-07 and 113-23

The Precious Metals

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

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

July Silver
Support should appear near 463.5 and 458.5 to 457
Resistance is at the 469.5 to 471.5 region.

The Exciting Energies

June Crude Oil
Support should appear near 2620 to 2612 and the 2568 to 2552 region .
Resistance is at 2663 to 2672 and the 2716 to 2724 region.

June Unleaded Gas
Support should appear near 8300 and 8135 to 8115
Resistance should appear near 8390 to 8405 and the 8560 to 8590 region

June Heating Oil
Resistance is at 7075 to 7090 and 7140 to 7170
Support should appear near 6990 and the 6920 to 6905 region

The Lively Livestock

June Live Cattle
Support should appear near 7142 and the 7087 to 7072 region.
Resistance is at 7172 and 7207

June Lean Hogs
Support is at 6162 then 6117 to 6102 and 6037 to 6022
Resistance is at 6192 and 6257 to 6272

May Pork Bellies
Support should appear near 8407 to 8392 and the 8317 to 8302
Resistance is at 8487 to 8502then 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 602 1/4 to 603 1/2 and 610 1/4 to 611 1/4
Nearby Support should appear near 595 3/4 to 594 1/4, under that buyers should appear near 588 to 585 1/2, BW Traders can buy at 588 3/4 and risk a close under 584 3/4 for three days in a row. Below that support is at 572 3/4 to 571 3/4.

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 182.20 and 185.8 to 186.5

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

July Corn
Recommended Open BW Position Long 237 1/4
Resistance should appear near 235 1/2 to 237
Support is at 232 1/4 to 231 1/2

July CBOT Wheat
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 292 3/4 to 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 6485 then 6350 to 6335 and the 6270 to 6255 region. BW Traders can buy at 6335 and hold for higher prices...
Resistance should appear near 6575 to 6590 and 6655 to 6675 .

July Cocoa
Support is at 1982 and 1953 to 1946
Resistance should appear near 1996 and the 2034 to 20042 region

July Sugar
Support should appear near 767 to 763 and 751
Resistance should appear near 779 and 791 to 795

July Cotton
Recommended Open BW Position Long 5815
Support should appear near 5880 to 5855 and the 5805 to 5790 region.
Resistance should appear near 5945 to 5955 and the 6020 to 6035 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
Saturday April 26th, 2003
10:11 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.