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 29th, 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 28th, 2003
5:40 PM eastern standard time

The ‘Frenzied’ Forex Front

June Yen
Support should appear near 8406 to 8391 and 8352.
Resistance should appear near 8484 to 8499

June Euro Currency (EC)
Support should appear at 11690 to 11665 and 11630 and should contain a decline

Resistance is at 11747 then 11805 and 11862

June Swiss Franc
Recommended Open Position Long at 7711
Resistance should appear near 7726 and the 7762 to 7789 region.

Support should appear near 7689 to 7675 and 7638

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 7170 to 7143

Resistance is at 7242 to 7255

June Aussie Dollar
Support is at 6483 and 6456

Resistance should appear near 6509 and 6543

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 362.3 to 361.3 and 356.3 to 355.3

Resistance is at 366.3 to 368.2 and 373 to 374.3

July Copper
Support should appear near 7675 and 7605 to 7585

Resistance should appear near 7765 to 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 465 and 469.5 to 471.5

The Exciting Energies

July Crude Oil
Support should appear near 2829 to 2820

Resistance is at 2874 to 2883

July Unleaded Gas
Support should appear near 8315 to 8300 and 8225 to 8195

Resistance should appear near 8390 to 8405 and 8485 to 8500

July Heating Oil
Resistance is at 7325 to 7345 and 7415 to 7430

Support should appear near 7240 and 7170 to 7140

The Lively Livestock

June Live Cattle
Support should appear near 7512 to 7487 and 7427 to 7412

Resistance is at 7587 to 7602 and 7672.BW Traders can sell
at 7672 and risk a close over 7787 for three days in a row.

June Lean Hogs
Support is at 6352 to 6337 and 6272 to 6257

Resistance is at 6417 to 6432 and 6482 to 6512

July Pork Bellies
Recommended Open Position, long at 9642
Support should appear near 9622 and 9587 , under that buyers should appear near 9542 to 9527

Resistance is at 9707 to 9737 and the 9827 to 9837 region.

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains
July Soybeans
Resistance is at 625 1/4 to 627 and 633 1/4 to 635

Support should appear near 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.

July Soymeal
Recommended Open Position Long at 196.3
Nearby Support should appear near 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 241 1/4 and the 237 to 2351/2 region.

July CBOT Wheat
Support should appear at 315 3/4 to 314 3/4

Resistance is at 326 1/4 to 327 and 331 3/4 to 332 3/4

The Satisfying Softs

July the ‘Monster’ Coffee
Recommended Open BW Position Long at 6715
Support is near 6035 to 6025 and the 5960 to 5945 region.

Resistance should appear near 6100 to 6115 and the 6165 to 6190 region.

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 686 to 682

Resistance should appear near 704 to 712

July Cotton
Support should appear near 5200 then 5140 to 5125 and the 5070 to 5035 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
Wed May 28th , 2003
6:45 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.