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 June 5th, 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 June 4th, 2003
2:00 PM eastern standard time

The ‘Frenzied’ Forex Front

Sept Yen
Recommended Open position Long at 8449
Support should appear near 8445 then 8391 and 8314 to 8300, under that support is at 8223 to 8194 region..BW Traders can buy at 8262 for a bounce and risk a close under 8187 for three days in a row.

Resistance should appear near 8484 to 8499 and the 8560 to 8589 region . Which should Cap a rally..

Sept Euro Currency (EC)
Recommended Open position Long at 11655
Support should appear near 11640 and 11570.. Below that buyers should appear near 11535 then 11500 and 11470.

Resistance is at 11690 and 11805, a close over is friendly and augurs for a test of 11920 to 12030 and beyond towards the 12320 to 12380 region.. Aggressive BW traders should go long if a close over 11697 occurs.

Sept Swiss Franc
Recommended open position long at 7629
Resistance should appear near 7637 and 7675 to 7689

Support should appear near 7601 to 7589. Below that buyers should appear near 7552 and the 7513 to 7486 region..

Aggressive BW traders should go long if a close over 7694 occurs.

Sept British Pound
Support should appear near 1.6150 to 1.6090. BW Traders can buy at 1.6168 and risk a close under 1.6076 for three days in a row.
Resistance should appear near 1.6352 and the 1.6420 to 1.6550 region.

Sept Canadian Dollar
Support should appear near 7255 to 7242. Below that 7170 to 7143 should contain a decline for a bit.

Resistance is at 7328 to 7343, a close over is friendly and augurs for a test of 7414 to 7428 and the 7487 to 7513 region.
BW Traders should go long if a close over 7337 occurs.

Sept Aussie Dollar
Recommended Open position Long 6585
Support is at 6577 and 6509 to 6483

Resistance should appear near 659 and 6659 to 6673

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9044 to 9060 . A close over is friendly and augurs for a test of 9140 to 9156,

Support should appear near 8964 to 8934 and 8871 to 8856

June SP500
Recommended open Position Short 970.20
Resistance is at should appear near 992.10 to 993.70 and the 1002.19 to 1003.70 region.

Support should appear near 982.90 and 973.70 to 970.60

BW Traders should go short if a close under 942.40 occurs.

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

Nasdaq Composite
Nearby Resistance should appear near the 1642 to 1655 region.

Support should appear near 1615 to 1609 .

June Mini Nasdaq 100
Resistance is at 1232 to 1238 and the 1268 to 1274 region.

Support should appear near the 1202 to 1192 and the 1169 to 1164 region

September Ten Year T-Notes
Resistance should appear near 119-07 and 119-23

Support is at 118-23 and 118-04.

The Precious Metals

August Gold
Recommended Open Position Long at 374
Support should appear at 362.3 to 361.3 and the 356.3 to 355.3 region .. Below that buyers should appear near the 350.3 to 349.3 region.

Resistance is at 366.3 to 368.2 , a close over is friendly and augurs for a test of 373.4 to 374.3 and beyond towards 379.5 to 380.6..
BW Traders should go long if a close over 368.7 occurs

July Copper
Support should appear near 7780 to 7765 and the 7690 to 7675 region

Resistance should appear near 7835 to 7865 and 7945 to 7955

July Silver
Support should appear near the 444.5 to 442.5 region

Resistance is at 451.5 and 457 to 458.5.

The Exciting Energies

July Crude Oil
Support should appear near 2990 to 2972 and the 2937 to 2928 region.

Resistance is at 3036 to 3045 then 3092 to 3102 and the 3148 to 3157 region

Trade Accordingly..

July Unleaded Gas
Support should appear near 8590 to 8560 and the 8500 to 8485 region

Resistance 8760 to 8777 and 8855 to 8870 and the 8935 to 8965 region.

July Heating Oil
Resistance is at 7590 to 7605 and 7675 to 7690.

Support should appear near 7515 to 7485 and the 7430 to 7415 region.

The Lively Livestock

August Live Cattle
Support should appear near 7072 and the 7002 to 6992 region

Resistance is at the 7142 to 7172 region.

July Lean Hogs
Recommended Open position Long at
Support is at 6672 to 6657 and 6592 to 6577 .BW Traders can buy at 6672 for a bounce and risk a close under 6567 for three days in a row.. Below that buyers appear near 6432 to 6417 and the 6352 to 6337 region.

Resistance is at 6757 and the 6807 to 6837 region ..Beyond that a test of 6907 to 6922 and the 6992 to 7002 region is likely.

Aggressive BW Traders should go long if a close over 6772 occurs..

July Pork Bellies
Recommended Open position Long 2 at 9500 avg
Support should appear near 9347 to 9307 and 9237 Below that buyers should appear near 9157 to 9142

Resistance is at 9427 to 9447 and 9527 to 9542

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains
July Soybeans
Resistance is at 616 1/2 to 619 and the 625 3/4 to 627 region.

Support should appear near 611 3/4 to 610 1/4 then 603 1/2 to 602 1/4 and the 595 3/4 to 594 3/4 region..
BW Traders can buy at 604 3/4 and risk a close under 584 3/4 for three days in a row.

BW Traders should go long if a close over 627 3/4 occurs.

July Soymeal
Recommended open position long 2 at 192.4 avg
Nearby Support should appear near 185.8 and 182.2 to 180.8

Resistance is at 190.2 to 190.9

July Soybean Oil
Resistance should appear near 2219 to 2226

Support should appear near the 2185 to 2170 and the 2134 to 2126 region.. Under that 2088 to 2080 should hold.. BW Traders can buy at 2092 for a bounce and risk a close under 2032 for three days in a row.

July Corn
Recommended Open position Long 241 3/4
Resistance should appear near 241 1/4 to 214 3/4

Support is at the 237 to 235 ½ region..

BW Traders should go long if a close over 247 ¼ occurs.

July CBOT Wheat
Support should appear at near 310 1/4 to 309 1/4 and 304 1/2 to 303 3/4

Resistance is at 314 3/4 to 315 3/4 and 319 1/2 to 321 1/4

The Satisfying Softs

July the ‘Monster’ Coffee
Recommended Open BW Position Long 6000
Support is near 5880 to 5855 and the 5805 to 5790 region..
Resistance should appear near 5945 to 5955 and 6100 to 6115

September Coffee
Recommended Open Position Long 6165

July Cocoa
Support is at 1535 to 1529 and 1496 to 1484

Resistance should appear near 1569 to 1576 .. . .

July Sugar
Recommended open position long at 728
Support should appear near 661 to 656

Resistance should appear near 681 to 686.

July Cotton
Support should appear near 4930 to 4915 and 4855 to 4845

Resistance should appear near 5035 to 5065 and 5125 to 5140
BW Traders should long if a close over 5155 occurs

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 June 4th 2003

3:00 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.