FuturesCom Investment Publications Morning Comments

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 15th 2002
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
Description of Services Premier Service

Tuesday May 14th, 2002
2:30 PM Eastern Standard Time

On The Frenzied Forex Front
June Yen
Recommended Open BW Position Long at 7851
Support should appear near the 7777 to 7763 region which should contain a decline for a bit..
Under that .BW Traders can buy at 7727 and risk a close under 7673 for three days in a row..

Resistance should appear near 7806 and the 7834 to 7864 region.. beyond that a test of 7901 is likely..

June Euro Currency (EC)
Recommended Open BW Position Long at 9002
Support should appear at 9002 and the 8964 to 8934 region.
Resistance is at the 9040 to 9060 . .

June Swiss Franc
Resistance should appear near 6228 and 6257 to 6270 .
Support should appear near the 6190 to 6165 region ..

June British Pound
Recommended Open BW Position Long at 1.4590
Support should appear near 1.4436 and 1.4372
Resistance is at 1.4530 to 1.4590, a close over is friendly and augurs for an eventual test of the 1.4840 to 1.4960 region. ..

BW Traders should go long if a close over 14714 occurs.

June Canadian Dollar
Support should appear at 6384 and 6350 to 6337 .. BW Traders can buy at 6352 and hold for higher prices. Under that buyers should appear near the 6271 to 6257 region.

Resistance is at the 6417 to 6430 region. A close over is friendly and augurs for a test of 6483 to 6509
BW Traders should go long if a close over 6432 occurs..

June Aussie Dollar
Support is at 5430 to 5417 and 5387 under that buyers should appear near 5356 to 5344 and contain a decline.
Resistance is at 5461, an extended trade augurs for a test of the 5492 to 5504 region

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10,320 to 10,360 and cap any rally for a bit. .
Support should appear near 10,257 and 10,183.5 .

Trade accordingly .

June SP500
Recommended Open BW Position Short at 1096.00
Resistance is at 1101 and 1115.50.
Support should appear near 1089 and 1082
Stay Tuned for Updates and additional trades during the trading sessions..

Nasdaq Composite
Resistance is at 1731 to 1738
Support should appear near 1713.5 and 1696 to 1689

June Mini Nasdaq 100
Nearby Resistance is at 1304 to 1310 and 1321, beyond that sellers should appear near 1334 to 1346
Support is at 1289 and the 1274 to 1268 region.

June 10 Year T-Note
Resistance should appear near 104-23 and 105-04
Support is at 104.07 and 103-23

Precious Metals

June Gold
Recommended Open BW Position Long at 307.1
Support should appear at 306.8 under that 304.5. to 303.6 should hold.

Resistance is at 309.2 to 310.2 and 312.8 .

July Copper
Support should appear near 7430 to 7415 and 7345 to 7325 .
Resistance should appear near 7480 to 7505 Beyond that resistance is at 7590 to 7605

July Silver
Recommended Open BW Position Long at 467.0
Support should appear near 458.5 to 457 then 451.5 to 450.5. BW traders can buy at 454.5 and hold for higher prices..

Resistance is at 463 to 465.5 and 469.5 to 471.5

Stay tuned for Updates

The Exciting Energies

July Crude Oil
Support should appear near 2775 to 2758 and 2724 to 2716 under that 2672 to 2663 should contain a decline
Resistance is at the 2820 to 2829 region. Beyond that a test of 2874 to 2883 is likely..

June Unleaded Gas
Support should appear near 8135 to 8115 then 8045 to 8025 and 7960 to 7035
Resistance is at the 8300 to 8315 region. .Beyond that a test of 8390 to 8405 is likely.

June Heating Oil
Resistance is at 7090 and 7140 to 7170 .
Support should appear near 7005 to 6990 and 6920 to 6905

The Lively Livestock

June Live Cattle
Support should appear at 6257 and the 6192 to 6162 region.
Resistance is at the 6337 to 6352 and the 6417 to 6432 region.

June Hogs
Support is at 5317 and 5282 to 5257
Resistance is at 5357 and 5417 to 5432

July Pork Bellies
Support should appear at 6357 to 6337 and 6272 to 6257

Resistance is at 6417 to 6432 and 6482 to 6512.

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

July Soybeans
Recommended open BW position, long at 472
Resistance is at 477 1/2 to 478 3/4 and 484 1/2 to 485 1/2
Support should appear at 471 3/43 to 469 1/2

July Soybean Meal
Recommended open BW position, long 159.6
Support should appear 159.5 and 157.6 to 156.9
Resistance is at 161.5 and 162.7

July Soybean Oil
Support is near 1655 to 1642.
Resistance should appear near 1676 and 1689 to 1696 A close over 1696 is friendly and augurs for a test of 1774 to 1780 and eventually the 1808 to 1822 region.. .

BW Traders should go long if a close over 1696 occurs..

July Corn
Support should appear near 213 1/2 to 212 3/4 and 208 to 208 3/4
Resistance is at 217 to 218 1/2

July Wheat
Recommended open BW position long at 273 3/4
Support should appear at the 277 3/4 to 275 3/4 and the 272 1/2 to 271 3/4 region
Resistance is at the 282 to 282 3/4 region.

The Satisfying Softs
July Cocoa
Recommended open BW position long at 1496
Resistance is at the 1569 to 1576
Support should appear near 1496 to 1484.

July Coffee
Recommended open BW position long at 5685
Support is near 4855 to 4845. and 4775 to 4785
Resistance should appear near 4975 to 4995 and 5035 to 5065

July Sugar
Support should appear near 582 the 573 and 562 to 559
Resistance should appear near 601 to 609

Trade Accordingly

July Cotton

Support should appear near 3445 to 3425 and 3380.

Resistance is at 3555 to 3565 and the 3665 to 3680 region..

Trade Accordingly and stay tuned for updates..

A Ship in Harbor is Safe.. But that is not what ships are built for --

Happy Trading !
Bill
bill@futurescom.com
1--561-433-2995

Tuesday May 14th, 2002
6:55 AM 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.