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Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments, Monday June 24th, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Description of Services Premier Service Sunday Evening Radio Show 'Not Widows and Orphans'

Courage in a Speculator is merely confidence to act on the decision of his mind

Morning Comments
Sunday, June 23rd , 2002
6:00 AM e.s.t.

The ‘Frenzied’ Forex Front

September Yen
Support should appear near 8224 to 8195 and the 8134 to 8119 region..
Resistance should appear near 8300 to 8315 .Above that sellers should appear near 8389 to 8406 and the 8484 to 8499 region . BW Traders can sell at 8482 for a turn lower and risk a close over 8593 for three days in a row

September Euro Currency (EC)
Support should appear at 9641 to 9625 and 9583.
Resistance is at 9707 to 9739 region .. Beyond that a test of 9821 to 9837 region is likely to occur..
BW Traders who sleep on a bed of Nails can sell at 9819 for a turn lower and risk a close over 9842 for three days in a row.

Stay tuned for Updates …

September Swiss Franc
Recommended open BW position , long 6456
Resistance should appear at 6659 to 6672 region.. Beyond that a test of 6741 to 6755 is likely..
Support should appear near 6591 to 6577 and 6542, under that 6509 to 6483 should hold..

September British Pound
Support should appear near 1.4840 and 1.4762.

Resistance is at 1.4960 .. Beyond that an eventual test of 15290 to 15350 is likely

September Canadian Dollar
Recommended open BW position , long at 6521
Support should appear at 6509 to 6483 and 6430 to 6417 .
Resistance is at 6577 to 6591 and 6659 to 6671

September Aussie Dollar
Support is at 5653 to 5640 and 5577 to 5553
Resistance is at 5716 to 5729 and 5855 to 5880, which should Cap an advance ..BW Traders can sell at 5854 and risk a close over 5917 for three days in a row. Beyond that sellers should appear near 5940 to 5957 and the 6023 to 6035 region.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
On the Upside Nearby Resistance should appear near 9316 to 9347 and 9429 to 9445.
On the Downside Nearby Support should appear near 9236 , below that a test of 9156 to 9140 is likely ..
failure there indicates a test of 9060 to 9044

September SP500
Recommended open BW position , Short at 992.00
Nearby Resistance is at 992.10 to 993.70 and 1000.00 to 1000.50 and 1018.5 .
Support should appear near 983.70 to 982.10, a close under is negative and augurs for a test of 973.70 to 970.60

Nasdaq Composite
Resistance is at 1453 to 1459 and 1484 to 1496.
Support should appear near 1421 to 1415, under that a test of 1383 to 1377 is likely.

September Mini Nasdaq 100
Nearby Resistance is at 1058 to 1068 and 1082.
Nearby support is at 1036 to 1032 then 1018.5 and the 1005 to 1000 region...

Sept 10 Year T-Note
Resistance should appear near 107-23 and 108-04 beyond that a test of 108-21 is likely
Support is at 107-04 under that 106-23 should contain a decline .. .

Precious Metals

August Gold
Recommended open BW position , long 323.7
Support should appear near the 321.3 to 319.4 and 315.7 to 314.8 region...
Resistance is at 326.1 to 327. Beyond that a test of 331.9 to 332.8 is likely.

July Copper
Support should appear near 7430 to 7415 region , a slip under augurs for a test of 7345 to 7325.

Resistance should appear near 7485 to 7515 and 7585 to 7605 .

July Silver
Recommended open BW position , long at 499.5
Support should appear near 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 then 2663 to 2672. Beyond that an eventual test of 2716 to 2724 is likely..

August Unleaded Gas
Recommended open BW position , long at 7695
Support should appear near 7605 to 7590 and the 7515 to 7480 region Below that 7430 to 7415 should contain a decline for a bit.
Resistance is at 7675 to 7690 and the 7763 to 7777 and the 7835 to 7865 region .

August Heating Oil
Recommended open BW position , Long at 6670
Resistance is at 6577 to 6591 and the 6655 to 6675 region.. Beyond that 6740 to 6755 offers resistance.
Support should appear near 6510 to 6480 and the 6430 to 6415 region.

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
Support is at 5142 to 5127 and 5067 to 5032
Resistance is at 5200 to 5212 and the 5257 to 5282 region.

July Pork Bellies
Support should appear at 6432 to 6417 and 6352 to 6337
Resistance is at 6482 to 6512 then 6572 to 6592 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 497 1/2
Resistance is at 497 1/4 to 499 1/2 and the 503 3/4 to 506 3/4 region
Support should appear at 492 3/4 to 491 1/2 under 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 165.5 to 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 167.1 , an extended trade over is friendly and augurs for a test of 168.9 to 169.6

July Soybean Oil
Recommended open BW position, long at 1808
Support is near the 1738 to 1731 region.
Resistance should appear near 1774 to 1780 and 1808 to 1822
.
July Corn
Resistance should appear near 210 3/4 and the 212 3/4 to 213 1/2 region.
Support is at 208 3/4 to 208 then 206 3/4 and 204 1/2 to 203 3/4

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

Resistance is at 288 1/4 and 292 3/4 to 293 3/4

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

The Satisfying Softs

September Cocoa
Resistance is at 1642 to 1655 and 1689 to 1676
Support should appear near 1609 and 1576 to 1569.

September Coffee
Recommended open BW position , long 2 at 5190
Support is near 4925 to 4915 and 4855 to 4845.
Resistance should appear near 4975 to 4995 and 5035 to 5065 .

October Sugar
Support should appear near 471 to 468 and 449 to 440
Resistance should appear near 490 to 493 and 507 to 515
Trade Accordingly

December Cotton
Nearby Support should appear near 4650 to 4635 and 4580 to 4570
Resistance is at 4775 to 4785 and 4845 to 4855.

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

Sunday June 23rd, 2002
7:30 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.