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Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments, Wed June 19th, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Morning Comments
Tuesday , July 18th , 2002
5:00 PM e.s.t.

The ‘Frenzied’ Forex Front

September Yen
Recommended open BW position , Short at 8074
Support should appear near 8044 to 8029 and the 7954 to 7939 region...
Resistance should appear near 8119 to 8134 and the 8195 to 8224 region.

September Euro Currency (EC)
Recommended open BW position , Long at 9474
Support should appear at 9447 to 9429 and 9388..

Resistance is at 9526 to 9542

Stay tuned for Updates …

September Swiss Franc
Recommended open BW position , long 2 at 6440 avg
Resistance should appear at 6482 to 6509
Support should appear near 6430 to 6417

September British Pound
Recommended open BW position , long at 1.4710
Support should appear near 1.4762 and 1.4710
Resistance is at the 1.4840 to 1.4960 regions. .. Beyond that a test of 15290 to 15350 is likely

September Canadian Dollar
Support should appear at 6430 to 6417 .
Resistance is at 6482 to 6509,

BW Traders should go long if a close over 6512 occurs..

September Aussie Dollar
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
On the Upside Nearby Resistance should appear near 9706 to 9737 region. Beyond that sellers should appear near 9821 to 9837 and the 10,021 to 10,037 region

On the Downside Nearby Support should appear near 9642 to 9625 and 9542 to 9526.

September SP500
Recommended open BW position , Short at 1031.90
Resistance is at 1047 and the 1058 to 1068 region.
Support should appear near 1036 to1032, a close under augurs for a test of 1018.5 and eventually
1005 to 1000.

BW Traders should go short if a close under 1002.5 occurs.

Nasdaq Composite
Resistance is at 1569 to 1576 and the 1609 to 1615 region.
Support should appear near 1535 to 1529 and 1512.5

September Mini Nasdaq 100
Nearby Resistance is at 1163 to 1169, beyond that sellers should appear near 1192 to 1203.
Nearby support is at 1136 to 1130 a slip under augurs for a test of 1101 to 1096

Sept 10 Year T-Note
Resistance should appear near 107-05 and 107-23

Support is at 106-23 and 106-04, a close under is negative and augurs for a test of 105-23 and 105-04 which should contain a decline for a bit… .

Precious Metals

August Gold
Recommended open BW position , long at 320.60
Support should appear near the 315.7 to 314.8 region.. Under that buyers should appear near 310.2 to 309.2 and 306.8.. BW Traders can buy at 310.5 and risk a close under 303.3 for three days in a row..

Resistance is at 321.3 , a close over is friendly and augurs for a test of 326.1 to 327. Beyond that a test of 331.9 to 332.8 is likely.

BW Traders should go long / add if a close over 321.7 occurs

July Copper
Support should appear near 7580 and the 7515 to 7480 region..

Resistance should appear near 7675 to 7690. Beyond that sellers should appear near 7760 to 7780

July Silver
Recommended open BW position , long at 499.5
Support should appear near 485.5 to 484.5 and 478.5 to 477.5.
Resistance is at 491.5 to 492.5..

Stay tuned for Updates

The Exciting Energies

August Crude Oil
Recommended open BW position , long at 2634
Support should appear near 2568 to 2552 and the 2519 to 2511 region

Resistance is at 2611 to 2620 .

August Unleaded Gas
Support should appear near 7690 to 7675 and the 7605 to 7590 region.
BW Traders can buy at 7695 and risk a close under 7470 fro three days in a row.

Resistance is at 7760 to 7770 and 7835 to 7865 .

August Heating Oil
Recommended open BW position , Long at 6670
Resistance is at 6670 and 6740 to 6755 and the 6805 to 6835 region.
Support should appear near 6590 to 6570 and 6430 to 6415 ..

The Lively Livestock

August Live Cattle
Nearby Support should appear at 6352 to 6337 and the 6272 to 6257 region.
Resistance is at the 6417 to 6432 region.. ,Beyond that 6487 to 6502 should cap a rally for a bit..
BW Traders can sell at 6487 and risk a close over 6517 for three days in a row..

July Hogs
Recommended open BW position , Short at 4972
Support is at 5067 to 5032 and 4997 to 4972
Resistance is at 5127 to 5142 and the 5200 to 5212 region. .

July Pork Bellies
Recommended open BW position , Short at 6187
Support should appear at 6257 and 6197 to 6162.
Resistance is at 6417 to 6432 then 6482 to 6512 and the 6652 to 6672 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 the 497 to 499 1/2 and 503 1/2 to 506 1/2..
Support should appear at 492 3/4 to 491 1/2 ..below that buyers should appear near 485 1/2 to 484 1/2

July Soybean Meal
Recommended open BW position , long at 165.9
Support should appear near 164.2 then162. 70 and 161.5 to 160.9 which should contain a decline for a bit.. BW Traders can buy at 162.8 and risk a close under 160.7 for three days in a row.

Resistance is at 165.5 and 167.1.

July Soybean Oil
Recommended open BW position, long at 1808
Support is near the 1780 to 1774 region.Below that buyers should appear near the 1738 to 1731 region.

Resistance should appear near 1796 and 1808 to 1822
.
July Corn
Resistance should appear near 208 to 208 3/4

Support is at 204 1/2 to 203 3/4

July Wheat
Recommended open BW position , long at 288 3/4
Support should appear at to 288 1/4 to 287 1/2 and 282 3/4 to 282

Resistance is at 292 3/4 to 293 3/4

BW Traders should go long if a close over 299 occurs.

The Satisfying Softs

September Cocoa
Recommended open BW position, long at 1497
Resistance is at 1529 to 1535,
Support should appear near 1486 to 1484 and 1476.
BW Traders should go long if a close over 1537 occurs..

September Coffee
Recommended open BW position , long 2 at 5190
Support is near 4855 to 4845 and 4785 to 4770..
Resistance should appear near 4975 to 4995. .

October Sugar
Recommended open BW position , long 2 at 556
Support should appear near 493 to 490
Resistance should appear near 515 and 534 to 538
Trade Accordingly

December Cotton
Recommended open BW position , long at 4400
Nearby Support should appear near 4315 to 4300 and the 4250 to 4235 region. ..
Resistance is at 4380.. Beyond that a test of 4425 to 4445 is likely..

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 June 18th, 2002
6:05 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.