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 June 12th, 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 June 11 th, 2002
3:45 PM  e.s.t.  

                                     The ‘Frenzied’ Forex Front   

Sept Yen 
Support should appear near 7991 and the 7954 to 7939 region.. 
Resistance should appear near 8029 to 8044 and 8119 to 8134.. 

Sept Euro Currency (EC)
Recommended open BW position , long at 9389
Support should appear at  9388 and 9347 to 9316..BW  Traders can buy at 9348 and risk a close under 9304 for three days in a row. 
Resistance is at 9445 , a close over is friendly and augurs for a test of 9526 to 9542  and eventually the 9625 to 9641 region. 

BW Traders should go long if a close over 9447 occurs 

Sept Swiss Franc
Recommended open BW position , long at 6425
Resistance should appear near 6461 and the 6482 to 6509 region. 

Support should appear near 6430 to 6417 and  6382.. Below that buyers should appear near  6350 to 6337.
BW  Traders can buy at 6354 and risk a close under 6332 for three days in a row. 

Sept  British Pound
Recommended open BW position , long at 1.4632
Support should appear near 1.4590 to 1.4560 and 1.4530 .  
Resistance is at 1.4710 , beyond that a test of the 1.4840 to 1.4960 region is likely . . 

Sept Canadian Dollar
Recommended open BW position , long at 6496
Support should appear near 6430 to 6417..
Resistance is at 6509 then 6543 and 6577 to 6591, a close over is friendly and augurs for a test of
6655 to 6675  

BW Traders should go long if a close over 6547 occurs..

Sept Aussie Dollar
Recommended open BW position , long at 5655
Support is at 5640.. Under that buyers should appear near 5577 to 5553.. 
Resistance is at 5653 and 5716 to 5729, 

BW Traders should go long if a close over 5733 occurs.  

                          The Sensational Stock and Bond Markets  
*  we will be rolling analysis to September Index Futures on Wed Evening. 

Dow Jones Industrial Average
Resistance should appear near  9526 to 9542 and the 9625 to 9641 region
Support should appear near 9445 to 9429 and the 9347 to 9316 region.

June SP500  
Resistance is at 1018.5 and 1032 to 1036.  
Support should appear near 1005 to 1000 and  993.7 to 992.1. 

Nasdaq Composite
Resistance is at 1512.5 and 1529 to 1535  
Support should appear near 1496 to 1484 and the 1459 to 1453 region. . 

June Mini Nasdaq 100
Resistance is at 1115.5 and 1130 to 1136 
Support is at 1101 to 1096 and 1082

Sept 10 Year  T-Note
Resistance should appear near 106-07 and 106-22, beyond that a surge towards 107-12 is likely to occur.. 
Support is at 105-22 and 105-04 


                                                    Precious Metals 

August Gold
Recommended open BW position , long at 323.1
Support should appear at 321.3 to 319.4 and the 315.7 to 314.8 region. 

Resistance is at 326.2 to 327.  

July Copper
Recommended open BW position Short at 7320.
Support should appear near  7605 to 7585 and 7515 to 7480

Resistance should appear near the  7675 to 7690 and 7760 to 7775 . 

July Silver
Recommended open BW position , long at 499.5
Support should appear near 486 to 484.5 and the 478.5 to 477 region.   
Resistance is at  491.5 to 492.5 beyond that a test of 497 to 499.5 is likely 

Stay tuned for Updates
       
                                        The Exciting Energies

July Crude Oil
Recommended open BW position , long at 2622
Support should appear near 2419 to 2411 and 2370 to 2354 . 

Resistance is at  2461 to 2469 and the 2511 to 2519

July Unleaded Gas
Support should appear near 7325 and 7255 to 7240 

Resistance is at 7415 to 7430 and 7485 to 7515   

July Heating Oil 
Resistance is at 6255 to 6270 and 6335 to 6350. 
Support should appear near 6195 to 6165  and the 6115 to 6100 region. 

                                     The Lively Livestock

August Live Cattle
Support should appear at 6272 to 6257 and 6197 to 6162

Resistance is at 6337 to 6352 and 6417 to 6432

July Hogs 
Support is at 4652 to 4637 . Below  that 4582 to 4572 offers support while 4517 to 4502 should contain a decline.  BW Traders can buy at 4522 for a bounce and initially plan on risking a close under 4417 for three days in a row.. .
Resistance is at 4717 and the 4772 to 4787 region 

July Pork Bellies
Support should appear at the 5553 to 5577 and the 5637 to 5652 region..  
 
Resistance is at 5432 to 5417 and 5357 to 5342. . . 

    -Stay tuned for Livestock and Belly Updates and Flashes-

                           The Grande’ Grains

July Soybeans
Recommended open BW position, long at  2 at 505 3/4  avg
Resistance is at  503 1/2 to 506 1/2   
Support should appear at  499 1/2 to 4971/2  Below that 492 1/2 to 491 1/2 should contain 
a decline for a bit.. 

July Soybean Meal
Recommended open BW position, long at  165.8
Support should appear near 165.5 to 164.2,  which should  contain a decline for a bit..   

Resistance is at  168.9 to 169.6

July Soybean Oil 
Recommended open BW position, long at 1808
Support is near 1780 to 1774

Resistance should appear near 1808 to 1822 . 

July Corn
Recommended open BW position , long 2 at  211 1/4  avg
Resistance should appear near 208 to 208 3/4  
Support is at  204 1/4 to  203 3/4 and 199 3/4 to 198 1/4 

July Wheat
Recommended open BW position , long  2 at  280 avg.   
Support should appear at  277 1/2 to 275 3/4 and the 272 1/2 to 271 3/4. region.  

Resistance is at 282 to 282 3/4  
 

                                                 The Satisfying Softs  

Sept Cocoa 
Recommended open BW position, long at 1497
Resistance is at 1484 to 1496   
Support should appear near 1459 to 1453  

Sept  Coffee
Recommended open BW position , long 2  at 5190
Support is near 5140 to 5130 and 5065 to 5035 .
Resistance should appear near 5255 to 5285 and the 5345 to 5360 region. 

Oct Sugar
Recommended open BW position , long 2 at  556 
Support should appear near 534 and 515 to 507 . 
Resistance should appear near 558 to 562

December Cotton  
Support should appear near 4315 to 4305 and 4250 to 4235  under that  BW Traders can buy at 4190  
for a bounce and risk a close under 4110 for three days in a row..

Resistance is at 4370 to 4385 and the 4425 to 4445

 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  June 11th ,  2002
5:15 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.