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, Friday May 16th, 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

Thursday May 15th, 2003
6:35 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 11360 to 11330 and 11300

Resistance is at 11395 then 11430 and 11460 .

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

Support should appear near 7550 and 7513 to 7486

June British Pound
Recommended Open Position Long 1.6182
Support should appear near 1.6150 to 1.6090 and1.6002

Resistance should appear near 1.6226 and 1.6288

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

Resistance is at 7242 to 7255

June Aussie Dollar
Support is at 6350 to 6337

Resistance should appear near 6417 to 6430

The Sensational Stock and Bond Markets

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

Support should appear near 8683 to 8668 and 8589 to 8560

June SP500
Recommended Open Position Short 2 at 925.90 avg
Resistance should appear near 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 944.50 to 942.90 and 934.70 to 931.6

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 117-23 and 118-07

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 7605 to 7585 and 7515 to 7485

Resistance should appear near 7675 to 7690

July Silver
Recommended Open Position Long 487.5
Support should appear near 471.5 to 469.5.

Resistance is at 477.5 to 478.5 and 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 2928 to 2937

June Unleaded Gas
Support should appear near 8500 to 8485 and 8405 to 8390

Resistance should appear near 8665 to 8685 and 8765 to 8780

June Heating Oil
Support should appear near 7430 to 7415 and 7345 to 7320 .

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 6482 and 6432 to 6417

Resistance is at 6512 then 6577 to 6592 and 6657 to 6672

July Pork Bellies
Support should appear near 9157 to 9142 and 9062 to 9042 .

Resistance is at 9237 and the 9317 to 9347region..

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains

July Soybeans
Resistance is at 650 3/4 and 657 to 659 1/4.

Support should appear near 643 to 641 1/4 and the 635 to 633 3/4 region.

July Soymeal
Support should appear near 190.9 to 190.2.

Resistance is at 194.6 to 195.3 and 198.2 to 199.6.
BW Traders should go long if a close over 199.7 occurs

July Soybean Oil
Recommended Open Position Short 2352
Resistance should appear near 2370 and 2411 to 2419.

Support should appear near 2352 and 2322 to 2315

July Corn
Resistance should appear near 256 3/4 and 261 1/4 to 262

Support is at 255 1/4 and 252 to 2511/4

July CBOT Wheat
Support should appear at 332 3/4 to 331 3/4 and 327 to 326 1/4

Resistance should appear near 338 3/4 and 342 1/2 to 344 1/2

The Satisfying Softs

July the ‘Monster’ Coffee
Recommended Open BW Position Long 6950
Support is near 6430 to 6415 and 6350 to 6335.

Resistance should appear near 6505 and 6575 to 6590

July Cocoa
Support should appear near 1696 to 1689. .

Resistance should appear near 1731 to 1738

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 5355 to 5345.

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

Thursday May 15th, 2003
7:25 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.