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 13th, 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
Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable - ranks high. There are certain chances that the most prudent man is justified in taking - chances that he must take if he wishes to be more than a mercantile mollusk" -- Reminiscences of a Stock operator--
Wed June 12th, 2002
3:15 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 9429 to 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 6417 to 6430
Support should appear near 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 1.4646 and 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 6483 and 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..
Recommended open BW position , long at 5655
Support is at 5653 to 5640.. Under that buyers should appear near 5577 to 5553..
Resistance is at 5716 to 5729.
BW Traders should go long if a close over 5733 occurs.
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 9625 to 9641 region and 9706 to 9737
Support should appear near 9583.5 and 9542 to 9526.
Sept SP500
Resistance is at 1032 to 1036 and 1047.
Support should appear near 1018.5 and 1005 to 1000.
Nasdaq Composite
Resistance is at 1529 to 1535 and 1552
Support should appear near 1512.5 and 1496 to 1484. .
Sept Mini Nasdaq 100
Resistance is at 1130 to 1136 and 1150
Support is at 1115.5 and 1101 to 1096
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
August Gold
Recommended open BW position , long at 323.1
Support should appear at 319.4 and the 315.7 to 314.8 region.
Resistance is at 321.3 and 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.
Stay tuned for Updates
The Exciting Energies
July Crude Oil
Recommended open BW position , long at 2622
Support should appear near 2469 to 2461 and 2419 to 2411 .
Resistance is at the 2511 to 2519 region.
July Unleaded Gas
Support should appear near 7485 and 7430 to 7415
Resistance is at 7580 to 7605 and the 7675 to 7690 region.
July Heating Oil
Resistance is at 6350 and the 6415 to 6430 region.
Support should appear near 6270 to 6255 and 6195 to 6165
The Lively Livestock
August Live Cattle
Support should appear at 6257 and 6197 to 6162
Resistance is at 6337 to 6352 and 6417 to 6432
July Hogs
Support is at 4732 to 4717 and 4652 to 4637.
Resistance is at 4772 to 4787 and the 4842 to 4857 region.
July Pork Bellies
Support should appear at the 5577 to 5552 and the 5507 to 5492 region.
Resistance is at 5637 to 5657 and 5717 to 5732, beyond that 5792 to 5807 should cap a rally.. .
-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 497 1/2 to 499 1/2
Support should appear at 492 1/2 to 491 1/2 and 485 3/4 to 484 1/2
July Soybean Meal
Recommended open BW position, long at 165.8
Support should appear near 164.2 and 161.5 to 160.9 .
Resistance is at 165.5 and 167.1
July Soybean Oil
Recommended open BW position, long at 1808
Support is near 1738 to 1731
Resistance should appear near 1774 to 1780
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 287 1/2 to 288 3/4
The Satisfying Softs
Sept Cocoa
Recommended open BW position, long at 1497
Resistance is at 1496 , beyond that a test of 1529 to 1535 is likely
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 5200 to 5210 and 5255 to 5285.
Oct Sugar
Recommended open BW position , long 2 at 556
Support should appear near 515 to 507 .
Resistance should appear near 534 to 538
December Cotton
Support
Resistance is at 4425 to 4445, beyond that a test of 4570 to 4580 is likely.
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
Wed June 12th , 2002
4:45 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.