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 28th, 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 27th, 2003
3:30 PM eastern standard time

The ‘Frenzied’ Forex Front

June Yen
Support should appear near 8499 to 8484.
Resistance should appear near 8589 and 8668 to 8683

June Euro Currency (EC)
Support should appear at 11805 and 11747, under that 11690 to 11665 should contain a decline
Resistance is at 11965 then 11920 and 11975 to 12030

June Swiss Franc
Recommended Open Position Long at 7711
Resistance should appear near 7777 and the 7836 to 7864 region.
Support should appear near 7763 and 7726

June British Pound
Support should appear near 1.6352 then 1.6284 and 1.6226

Resistance should appear near1.6420 then 164.85 and 1.6550.

June Canadian Dollar
Recommended Open Position Long at 7257
Support should appear near 7242 and 7170 to 7143

Resistance is at 7255 and 7328 to 7342

June Aussie Dollar
Support is at 6509 to 6483

Resistance should appear near 6577 to 6591

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8856 to 8871 and 8934 to 8964

Support should appear near 8777 to 8762 and 8683 to 8668

June SP500
Resistance is at should appear near 952.60 to 954.20 then 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 970.20 and hold for lower prices…Beyond that resistance should appear near 982.90 to 983.70 and 992.10 to 993.70

Support should appear near 944.50 to 942.90. An extended trade or close under is negative and augurs for a test of 934.70 to 931.60 and eventually 915.60 to 914.00..

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

Nasdaq Composite
Resistance should appear near 1569 to 1576

Support should appear near the 1535 to 1529

June Mini Nasdaq 100
Resistance is at 1192 to 1203

Support is at 1169 to 1164

September Ten Year T-Notes
Resistance should appear near 118-07 and 118-23

Support is at 117-23 and 117-04

The Precious Metals

August Gold
Recommended Open Position Long at 374.3
Support should appear at 366.3 and 362.3 to 361.3

Resistance is at 368.2 and 373.4 to 374.3

July Copper
Support should appear near 7690 to 7675 and 7605 to 7585

Resistance should appear near 7780 and 7835 to 7865.
BW Traders should go short if a close under 7580 occurs

July Silver
Recommended Open Position Long at 465.5
Support should appear near the 458.5 to 457.0 region

Resistance is at 463.5 to 465

The Exciting Energies

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

Resistance is at 2928 to 2937 and 2972 to 2990

July Unleaded Gas
Support should appear near 8485 then 8405 to 8390 and 8315 to 8300

Resistance should appear near 8560 to 8590 then 8665 to 8685 and 8760 to 8775

July Heating Oil
Resistance is at 7485 to 7515 and 7585 to 7605

Support should appear near 7345 to 7325 and the 7260 to 7240 region

The Lively Livestock

June Live Cattle
Support should appear near 7427 to 7412 and 7342 to 7327

Resistance is at 7487 to 7512 and 7552

June Lean Hogs
Support is at 6272 to 6257

Resistance is at 6337 to 6352

July Pork Bellies
Support should appear near 9347 to 9317 then 9237 and 9157 to 9142.

Resistance is at the 9427 to 9447 region. Beyond that a test of 9527 to 9542 is likely.
Aggressive BW Traders should go long if a close over 9447 occurs

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains
July Soybeans
Resistance is at 633 1/4 to 635 and 641 3/4 to 643

Support should appear near 627 to 625 1/4 and 619 to 616 1/2.. Below that BW traders can buy at 604 3/4 and risk a close under 584 3/4 for three days in a row. Aggressive BW Traders should go long if a close over 651 3/4 occurs

July Soymeal
Recommended Open Position Long at 196.3
Nearby Support should appear near 190.9 to 190.2 .. under that buyers should appear near the 186.8 to 185.8 region ..
BW Traders can buy at 188.6 and risk a close under 185.1 for three days in row. .

Resistance is at 194.6 to 195.3, a close over is friendly and augurs for a test of 198.2 to 199.6

July Soybean Oil
Resistance should appear near 2219 to 2226 and 2267 to 2275

Support should appear near 2185 to 2170

July Corn
Resistance should appear near 246 1/4 to 246 3/4

Support should appear near the 241 3/4 top 241 1/4 and the 237 to 2351/2 region.

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

Resistance is at 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 at 6715
Support is near 6115 to 6105 and the 5960 to 5945 region.

Resistance should appear near 6335 to 6350.

July Cocoa
Support is at 1576 to 1569 and 1535 to 1529

Resistance should appear near 1609 to 1615

July Sugar
Recommended open position Long 728
Support should appear near 712 to 704

Resistance should appear near 735 to 739

July Cotton
Support should appear near 5210 to 5200 and the 5140 to 5125 region.

Resistance should appear near 5255 to 5285 and 5345 to 5355
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
Tuesday May 27th , 2003
4:35 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.