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 May 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

Tuesday May 13th, 2003
2:35 PM eastern standard time

The ‘Frenzied’ Forex Front

June Yen
Support should appear near 8589 to 8560 and the 8499 to 8484 region.
Resistance should appear near the 8668 to 8683 region , which should Cap a rally..
BW Traders can sell at 8662 and risk a close over 8717 for three days in a row.

June Euro Currency (EC)
Support should appear at 11500 and 11430.

Resistance is at 11535 and 11570 .

June Swiss Franc
Resistance should appear near 7675 to 7689

Support should appear near 7601 to 7587 .

June British Pound
Support should appear near 1.6002 and 1.5960

Resistance should appear near the 1.6090 to 1.6150 region.
Bw Traders should go long if a close over 1.6158 occurs.

June Canadian Dollar
Support should appear near 7170 to 7143 and 7088 to 7074

Resistance is at 7242 to 7255

June Aussie Dollar
Support is at 6430 to 6417

Resistance should appear near the 6483 to 6509 region

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8668 to 8683 and 8762 to 8777. Above that sellers should appear near 8856 to 8871.

Support should appear near 8589 to 8560 and 8529

June SP500
Recommended Open Position Short 2 at 925.90 avg
Resistance should appear near 942.90 to 944.50 then 952.60 to 954.20 and 962.50 to 964.10 and the 970.60 to 973.70 region. Which should cap a rally. BW Traders Who Have Ice Water Running through their veins can sell at 961.30 and hold for lower prices…
Support should appear near 934.70 to 931.60 and 923.60

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

Nasdaq Composite
Resistance should appear near the 1569 to 1576 region.

Support should appear near 1535 to 1529

June Mini Nasdaq 100
Resistance is at 1164 to 1169 and 1192 to 1203

Support is at 1136 to 1132 and the 1101 to 1096 region.

June Ten Year T-Notes
Resistance should appear near 117-04 and 117-17

Support is at 116-23 then 116-17 and116-04.

The Precious Metals

June Gold
Recommended Open Position Long at 348.7
Support should appear at 349.3 and the 344.3 to 342.5 region.

Resistance is at 355.3 to 356.3 .

July Copper
Support should appear near 7605 to 7585 and 7515 to 7485

Resistance should appear near 7675 to 7690 and 7765 to 7780

July Silver
Recommended Open Position Long 487.5
Support should appear near the 478.5 to 477.5 region.

Resistance is at 484.5 to 485.5

The Exciting Energies

June Crude Oil
Support should appear near 2829 to 2820 and 2775 to 2758

Resistance is at 2874 to 2883 and the 2928 to 2937 region.

June Unleaded Gas
Recommended Open Position Short at 8115
Support should appear near 8405 to 8390 then 8315 to 8300 and 8225 to 8195

Resistance should appear near 8485 to 8500 then 8560 to 8590 and 8665 to 8685

June Heating Oil
Recommended Open Position Short 7135
Support should appear near 7415 then 7345 to 7325 and 7170 to 7140 .

Resistance should appear near 7485 to 7515 and 7585 to 7605

The Lively Livestock

June Live Cattle
Support should appear near 7342 to 7322

Resistance is at 7412 to 7427 and 7487 to 7512

June Lean Hogs
Support is at 6432 to 6417 and 6352 to 6337

Resistance is at 6482 to 6512 and 6577 to 6592

July Pork Bellies
Support should appear near 9347 to 9317 and 9237 .

Resistance is at 9427 to 9447 and the 9527 to 9542 region..

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains

July Soybeans
Recommended Open BW Position Long 638
Resistance is at 648 3/4 to 650 3/4 and the 657 to 659 1/4 region.

Support should appear near 643 to 641 1/4 then 635 to 633 3/4 and 627 to 625 3/4.

July Soymeal
Recommended Open Position Long at 195.4
Support should appear near 195.3 to 194.6 and 190.9 to 190.2.

Resistance is at 198.2 to 199.6.
BW Traders should go long if a close over 199.7 occurs

July Soybean Oil
Resistance should appear near 2315 to 2322 and 2354 to 237, Bw traders can sell at 2352 and risk a close over
2377 for three days in a row.
Support should appear near 2275 to 2267 and 2226 to 2219

July Corn
Resistance should appear near 255 1/4 to 256 3/4

Support is at 251 3/4 to 251 1/4 and 247 to 246 1/4

July CBOT Wheat
Support should appear at 327 to 326 1/4 and 321 1/4 to 319 1/2

Resistance should appear near 331 3/4 to 332 3/4 and 337 3/4 to 338 3/4

The Satisfying Softs

July the ‘Monster’ Coffee
Recommended Open BW Position Long 6950
Support is near 6675 to 6655 and 6590 to 6575. .

Resistance should appear near 6740 to 6755 and 6805 to 6835

July Cocoa
Support should appear near 1696 to 1689 and the 1655 to 1642 region.. .

Resistance should appear near 1738 and 1774 to 1780

July Sugar
Recommended Open Position Long at 687
Support should appear near 671 and 661 to 656

Resistance should appear near 682 to 686 and 695
BW Traders should go long if a close over 724 occurs

July Cotton
Support should appear near 5355 to 5345 and the 5215 to 5200 region.

Resistance should appear near 5415 to 5430 and 5490 to 5505.

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 May 13th, 2003
3:00 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.