Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500
Precious Metals - Energy - Livestock - Grains - Softs
FuturesCom Investment Publications
Morning Comments, Monday March 31st 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
Friday March 28th, 2003
7:45 PM eastern standard time
The ‘Frenzied’ Forex Front
June Yen
Recommended open BW Position long 2 at 8382 avg
Support should appear near 8352 and the 8314 to 8300 region.
Resistance should appear near 8391 to 8406 and the 8484 to 8499 region
June Euro Currency (EC)
Support should appear at 10750 then 10715 and 10680 to 10630, below that buyers shold appear near 10580 .
Nearby Resistance is at 10785 and 10820... .
June Swiss Franc
Resistance should appear near 7328 to 7342 and the 7414 to 7428 region.
Support should appear near 7291 and 7255 to 7242
June British Pound
Support should appear near 1.5626 and 1.5516
Resistance should appear near 1.5690 to 15760
June Canadian Dollar
Support should appear near 6755 to 6741
Resistance is at the 6809 to 6836 region .
June Aussie Dollar
Support is at 5945 and 5912
Resistance should appear near 5990 and 6023 to 6035
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near the 8194 to 8223 then 8300 to 8314 and 8391 to 8406
Support should appear near 8134 to 8119 and the 8044 to 8029 region .
June SP500
Resistance is at 866.80 to 868.30 and the 876.20 to 877.70 region .. Beyond that a test of 885.60 to 887.10 is likely..
Support should appear near 858.90 to 856 and the 849.90 to 848.40 region Under that 840.60 to 839.10 should hold..
Nasdaq Composite
Resistance is at 1377 to 1383 and 1399
Support should appear near 1361.5 and the 1346 to 1334 region.
March Mini Nasdaq 100
Resistance is at 1058 to 1068 then 1082 and the 1096 to 1101
Support is at 1036 to 1032 and the 1005 to 1000 region.
June Ten Year T-Notes
Resistance should appear near 114-22 and 115-07
Support is at 114-07 and 113-23, under that113-07 should hold.
June Gold
Support should appear at 331.9 and 327 to 326.1..
Resistance is at 332.8 . A close over is friendly and augurs for a test of 342.5 to 344.3 .
BW Traders should go long if a close over 332.9 occurs
May Copper
Support should appear near the 7255 to 7240 and the 7170 to 7140 region
Resistance should appear near the 7325 to 7345 and 7415 to 7430 .
May Silver
Support should appear near 438.5 to 437 and 431.5 to 430.5 .
Resistance is at 444.5 and 450 to 451.5
May 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 3148 to 3157
May Unleaded Gas
Support should appear near 9345 to 9315 and 9155 to 9140
Resistance should appear near 9445 and the 9525 to 9545 region.
May Heating Oil
Resistance is at 7585 to 7605 and the 7675 to 7690 region
Support should appear near 7430 to 7415 and 7345 to 7325
The Lively Livestock
June Live Cattle
Support should appear near 6992 and the 6922 to 6907 region.
Resistance is at 7007.. Beyond that sellers should appear near 7072 to 7087
June Lean Hogs
Recommended Open BW Position Long 3 at 6132 avg
Support is at 5732 to 5717 then 5652 to 5637 and the 5580 to 5555 region.
Resistance is at 5792 to 5807 the 5852 to 5882 region.. Beyond that a test of 5940 to 5955 is likely.
May Pork Bellies
Recommended open BW Position long at 8787
Support should appear at 8777 to 8762 and 8682 to 8667.
Resistance is at 8857 to 8877 and the 8932 to 8967 region .
Stay Tuned for Livestock Updates and Flashes
The Grande’ Grains
May Soybeans
Recommended open BW Position long at 581
Resistance is at the 585 1/2 to 588 and 594 1/2 to 595 3/4
Support should appear near 579 1/2 and 573 to 571 3/4
May Soymeal
Nearby Support should appear near 173.1 and 169.6 to 168.9
Resistance is at should appear near the 177.4 to 178.8 region
May Soybean Oil
Recommended open BW Position long at 2137
Resistance should appear near 2170 to 2185
Support should appear near 2134 to 2126 and the 2088 to 2080 region .
BW Traders should go long if a close over 2185 occurs
May Corn
Resistance should appear near 231 1/2 to 232 3/4
Support is at 227 3/4 to 226 3/4 and the 222 3/4 to 221 3/4 region
May CBOT Wheat
Support should appear at 277 1/2 to 275 3/4 and 272 1/2 to 271 3/4
Resistance is at 282 to 282 3/4 and 287 1/2 to 288 3/4
BW Traders should go long if a close over 289 occurs.
The Satisfying Softs
May the ‘ Monster’ Coffee
Recommended Open Position Long at 5890
Support is near 5805 to 5790 and 5730 to 5715
Resistance should appear near 5855 to 5880 and the 5945 to 5955 region.
May Cocoa
Recommended Open position , long at 2054
Support is at 1909 to 1902 and the 1865 to 1858 region.
Resistance should appear near 1946 to 1953 ..
May Sugar
Recommended Open position Long at 785
Support should appear near767 to 763 and 739 to 735.
Resistance should appear near 791 to 795 and 814 to 823
May Cotton
Recommended open Position Long 2 at 5835 avg
Support should appear near 5580 to 5555 and the 5505 to 5490 region, which should hold.
Resistance should appear near 5655 then 5715 to 5725 and 5790 to 5805
BW Traders should go long if a close over 5890 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
Friday, March 28th, 2003
8:50 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.
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