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 14th, 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
A lot of people approach risk as if it’s the enemy, when it’s really fortunes accomplice.
Friday June 14th, 2002
4:00 AM e.s.t.
The ‘Frenzied’ Forex Front
Sept Yen
Support should appear near 8044 to 8029 and 7991..
Resistance should appear near 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 6430 to 6417..
Resistance is at 6509 then 6483 to 6509
Recommended open BW position , long at 5655
Support is at 5577 to 5553..
Resistance is at 5640 to 5653
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 1005 and 1018.5 and 1032 to 1036..
Support should appear near 1000 and the 993.7 to 992.1 region under that buyers should appear near
and the 983.7 to 982.9 region ...
Nasdaq Composite
Resistance is at 1529 to 1535 and 1552
Support should appear near 1450 to 1453 and 1421 to 1415. .
Sept Mini Nasdaq 100
Resistance is at 1101 and 1115.50 and 1130 to 1136
Support is at 1082 and 1068 to 1058
Sept 10 Year T-Note
Resistance should appear near 107-12 and 108-04
Support is at 106-04 and 105-23
August Gold
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
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 484.5 and the 478.5 to 477 region.
Stay tuned for Updates
The Exciting Energies
July Crude Oil
Support should appear near 2552 and 2519 to 2511 .
Resistance is at the 2612 to 2620 region .
July Unleaded Gas
Support should appear near 7775 to 7760 and 7689 to 7675
Resistance is at 7835 to 7865 and the 7945 to 7955 region.
July Heating Oil
Resistance is at 6655 to 6670 and the 6740 to 6755 region .
Support should appear near 6510 to 6485 and 6430 to 6415
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 4857 to 4842 and 4732 to 4717.
Resistance is at 4972 to 4997 and the 5032 to 5067 region. BW Traders can sell at 4972 and risk a close over 5072 for three days in a row.
July Pork Bellies
Resistance should appear at 5942 to 5957and 6022 to 6037 . Above that a trade towards 6102 to 6112 is likely.. Beyond that sellers should appear near 6162 to 6192 ..BW Traders can sell at 6187 and risk a close over 6357 for three days in a row.
Support is at 5882 to 5852 and the 5732 to 5717 region. . .
-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 3/4...
Support should appear at 4991/2 to 497 1/2 then 492 1/2 to 491 1/2 and 485 3/4 to 484 1/2
July Soybean Meal
Support should appear near 165.5 to 164.2 and 161.5 to 160.9 .
Resistance is at 168.9 to 169.6 and 173.1 to 173.8
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
Resistance should appear near 212 3/4 to 213 1/2
Support is at 208 3/4 to 208
July Wheat
Support should appear at 293 3/4 to 292 1/2 and the 288 1/2 to 287 3/4 region.
Resistance is at 297 1/4 to 299 and 303 3/4 to 305 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 1484 and 1459 to 1453
Sept Coffee
Recommended open BW position , long 2 at 5190
Support is near 4995 to 4975 and the 4930 to 4915 region .
Resistance should appear near 5035 to 5065
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
Friday June 14th , 2002
5:25 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.