FuturesCom Investment Publications Since 1989 Economic and Investment Trend Analysis Since 1979 Global Equity Markets

Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500-
Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments, Tuesday June 25th, 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

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

Morning Comments
Monday, June 24th , 2002
2:45 PM 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
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
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 5607 and 5577 to 5553
Resistance is at 5640 to 5653 and 5716 to 5729
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
Nearby Resistance is at 992.1 to 993.7 and 1000.00 to 1005.00 then 1018.5 .
Support should appear near 983.70 to 982.10, a close under is negative and augurs for another test of 973.70 to 970.60

Nasdaq Composite
Resistance is at 1471.5 and 1484 to 1496.
Support should appear near 1453 and 1421 to 1415.

September Mini Nasdaq 100
Nearby Resistance is at 1068 then 1082 and 1096 to 1101
Nearby support is at 1058 then 1047 and 1036 to 1032 .

Sept 10 Year T-Note
Resistance should appear near 107-12 then 107-23 and 108-04
Support is at 106-23 and 106-06.

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 7345 to 7325, a slip under augurs for a test of 7255 to 7240.

Resistance should appear near 7415 to 7430 and 7485 to 7515.

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 2620 to 2612 and 2568 to 2552

Resistance is at 2663 to 2672. Beyond that an eventual test of 2716 to 2724 is likely..

August Unleaded Gas
Support should appear near 7775 to 7760 and 7690 to 7675t.
Resistance is at 7865 and 7935 to 7955 .Beyond that a test of 8025 to 8045 is likely.

August Heating Oil
Resistance is at 6740 to 6755 and the 6810 to 6835 region. Beyond that a test of 6905 to 6920 is likely.
Support should appear near 6670 to 6655 and the 6590 to 6575 region.

The Lively Livestock

August Live Cattle
Nearby Support should appear at 6272 to 6257 and 6192 to 6162
Resistance is at the 6337 to 6352 and the 6417 to 6432 region

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 506 3/4. an extended trade over is friendly and augurs for a test of 512 1/2 to 513 3/4
Beyond that resistance is at 520 to 521 1/4.

Support should appear at 499 1/2 to 497 3/4 and 492 3/4 to 491 1/2 under that buyers should appear near 485 1/2 to 484 1/2 .

July Soybean Meal
Support should appear near 168.9 and 165.5 to 164.2

Resistance is at 171.1 , an extended trade over is friendly and augurs for a test of 173.1 to 173.8

July Soybean Oil
Support is near the 1796 and 1780 to 1774.
Resistance should appear near 1808 to 1822, beyond that a test of 1848 is likely.
.
July Corn
Resistance should appear near 221 3/4 to 222 and 226 3/4 to 227 1/2.
Support is at 213 1/2 to 212 3/4 and the 208 3/4 to 208 region.

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

Resistance is at 292 3/4 to 293 3/4 and the 297 1/4 to 299 region.

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 4995 to 4975 and the 4925 to 4915 region.

Resistance should appear near 5035 to 5065 and the 5125 to 5140 region.

October Sugar
Support should appear near 493 to 490 and 471 to 468
Resistance should appear near 507 to 515 and 534 to 538.
Trade Accordingly

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

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

Monday June 24th, 2002
3:45 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.