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 June 6th, 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 June 5th, 2003
2:00 PM eastern standard time

The ‘Frenzied’ Forex Front

Sept Yen
Support should appear near 8499 to 8484 and 8445
Resistance should appear near 8560 to 8589 .

Sept Euro Currency (EC)
Recommended Open position Long 11813
Support should appear near 11805 and 11747
Resistance is at 11920 to 12030

Sept Swiss Franc
Recommended open position long 2 at 7671 avg
Resistance should appear near 7763 to 7777 and 7806

Support should appear near 7689 to 7675. Below that buyers should appear near 7638.

Sept British Pound
Support should appear near 1.6420 and 1.6352
Resistance should appear near 1.6550 and 1.6720

Sept Canadian Dollar
Recommended open position long at 7410
Support should appear near 7255 to 7242. Below that 7170 to 7143 should contain a decline for a bit.

Resistance is at 7414 to 7428 and the 7487 to 7513 region.

Sept Aussie Dollar
Recommended open position long at 6585
Support is at 6591 to 6577 and 6509 to 6483

Resistance should appear near 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 983.70 to 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 118-23 then 119-07 and 119-23

Support is at 118-04 and 117-23.

The Precious Metals

August Gold
Recommended Open Position Long 2 at 371.8 avg
Support should appear at 368.2 to 366.3 and 362.3 to 361.3

Resistance is at 373.4 to 374.3 and 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 3045 to 3036 then 2990 to 2972 and the 2937 to 2928 region.

Resistance is at 3092 to 3102 and the 3148 to 3157 region

Trade Accordingly..

July Unleaded Gas
Support should appear near 8685 to 8665 and 8590 to 8560

Resistance is at 8855 to 8870 and the 8935 to 8965 region.

July Heating Oil
Resistance is at 7675 to 7690 then 7765 to 7780 and 7835 to 7865

Support should appear near 7690 to 7675 and 7605 to 7590.

The Lively Livestock

August Live Cattle
Support should appear near 6922 to 6907

Resistance is at the 6992 to 7002 and 7072 to 7087.

July Lean Hogs
Recommended Open position Long at 6832
Support is at 6757 to 6742 and 6672 to 6657 ..BW Traders can buy at 6672 for a bounce and risk a close under 6567 for three days in a row..

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

July Pork Bellies
Recommended Open position Long 2 at 9500 avg
Support should appear near 9157 to 9142 and 9062 to 9047

Resistance is at 9237 and 9317 to 9347

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains
July Soybeans
Resistance is at 625 3/4 to 627.

Support should appear near 616 1/2 and 611 3/4 to 610 1/4

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 186.5 to 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..

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

Support is at 235 1/2 and 232 1/4 to 231 1/2

BW Traders should go long if a close over 247 3/4 occurs.

July CBOT Wheat
Support should appear at near 315 3/4 to 314 3/4 and 310 1/4 to 309 1/4

Resistance is at 321 1/4 then 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 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 1496 to 1484 and 1459 to 1453

Resistance should appear near 1529 to 1535 and 1569 to 1576

July Sugar
Recommended open position long at 728
Support should appear near 634 to 630

Resistance should appear near 656 to 661.

July Cotton
Support should appear near 4995 to 4975 and 4930 to 4915

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

Thursday June 5th 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.