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 30th, 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 29th, 2003
8:40 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 11862 and 11805

Resistance is at 11920 then 11975 to 12030

June Swiss Franc
Recommended Open Position Long at 7711
Resistance should appear near the 7836 to 7864 region.

Support should appear near 7777 to 7763 and 7727

June British Pound
Support should appear near 1.6485 and 1.6420

Resistance should appear near 1.6550 and 16720

June Canadian Dollar
Recommended Open Position Long at 7257
Support should appear near 7255 to 7242

Resistance is at 7328 to 7345

June Aussie Dollar
Support is at 6509 to 6483

Resistance should appear near 6543 and 6577 to 6591

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8762 to 8777 and 8856 to 8871

Support should appear near 8683 to 8668 and 8589 to 8560

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 1576 and 1593, beyond that sellers should appear near 1609 to 1615

Support should appear near 1569 then 1552 and the 1535 to 1529 region.

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 118-23 and 119-04

Support is at 118-07 and 117-23

The Precious Metals

August Gold
Recommended Open Position Long at 374.3
Support should appear at 368.2 to 366.3 and 362.3 to 361.3

Resistance is at 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 457.0 and 451.5 to 450.5

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 2937 and 2972 to 2980

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

Resistance should appear near 8560 to 8590 and 8665 to 8685

July Heating Oil
Resistance is at 7515 and 7590 to 7605

Support should appear near 7430 to 7415 and 7345 to 7325

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.to 7687 . 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 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 633 1/4 to 635 and the 641 3/4 to 643 region

Support should appear near 627 to 625 3/4 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.

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 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 3/4 to 241 1/4 and the 237 to 2351/2 region.

July CBOT Wheat
Support should appear at 321 1/4 to 319 1/2 and 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 5880 to 5855 and the 5805 to 5790 region.

Resistance should appear near 5945 to 5955 and 6025 to 6035.

July Cocoa
Support is at 1459 to 1453 and 1421 to 1415

Resistance should appear near 1484 to 1496 and 1529 to 1535

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 5070 to 5035 and the 4995 to 4970 region.

Resistance should appear near 5125 to 5140 and 5200 to 5210
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
Thursday May 29th , 2003
9:40 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.