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 May 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

Wed May 14th, 2003
10:45 PM eastern standard time

The ‘Frenzied’ Forex Front

June Yen
Recommended Open Position Short 8662
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..

June Euro Currency (EC)
Support should appear at 11430 and the 11360 to 1130 region

Resistance is at 11500 then 11535 and 11640 to 11690 .

June Swiss Franc
Resistance should appear near 7587 to 7601 and 7637

Support should appear near 7550 and 7513 to 7486

June British Pound
Support should appear near 1.6090 then 1.6002 and 1.5960

Resistance should appear near 1.6120 to1.6150 and 1.6226
Bw Traders should go long if a close over 1.6158 occurs.

June Canadian Dollar
Support should appear near 7242 and the 7170 to 7143 region.

Resistance is at 7255 and 7325 to 7342

June Aussie Dollar
Support is at 6417 and 6350 to 6337

Resistance should appear near 6456 and 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 1532.5 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 118-07 and 118-23

Support is at 117-07 and 116-23.

The Precious Metals

June Gold
Recommended Open Position Long at 348.7
Support should appear at 350.3 to 349.3 and the 344.3 to 342.5 region.

Resistance is at 355.3 to 356.3 .

July Copper
Support should appear near 7515 to 7485

Resistance should appear near 7585 to 7605 and 7675 to 7690

July Silver
Recommended Open Position Long 487.5
Support should appear near 485.5 to 484.5 and the 478.5 to 477.5 region.

Resistance is at 491.5 to 492.5

The Exciting Energies

June Crude Oil
Support should appear near 2883 to 2874 and 2829 to 2820

Resistance is at 2928 to 2937 and 2972 to 2990

June Unleaded Gas
Recommended Open Position Short at 8115
Support should appear near 8685 to 8665 and 8500 to 8485

Resistance should appear near 8760 to 8775 and 8855 to 8870

June Heating Oil
Recommended Open Position Short 7135
Support should appear near 7585 and 7515 to 7485 .

Resistance should appear near 7675 to 7690 and 7835 to 7865

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 6512 to 6482 and 6432 to 6417

Resistance is at 6577 to 6592 and 6657 to 6672

July Pork Bellies
Support should appear near 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
Resistance is at 657 to 659 1/4.

Support should appear near 650 3/4 to 648 1/4 and 643 to 641 1/4

July Soymeal
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 2354 to 2370 and 2411 to 2419. Bw traders can sell at 2352 and risk a close over
2377 for three days in a row.
Support should appear near 2322 to 2315 and 2275 to 2267

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

Support is at 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 6510 to 6485 and 6430 to 6415 .

Resistance should appear near 6575 to 6590 and 6655 to 6675

July Cocoa
Support should appear near 1738 to 1731 and 1696 to 1689. .

Resistance should appear near 1774 to 1780 and 1808 to 1822

July Sugar
Recommended Open Position Long at 687
Support should appear near 686 to 682 and 671

Resistance should appear near 695 and 704 to 712
BW Traders should go long if a close over 724 occurs

July Cotton
Support should appear near 5430 to 5415 and 5355 to 5345.

Resistance should appear near 5490 to 5505 and 5555 to 5580

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 May 14th, 2003
11:45 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.