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Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments, Wed June 27th, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Morning Comments
Tuesday, June 25th , 2002
8:00 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 9779 and 9737 to 9707.
Resistance is at 9821 to 9837, beyond that a test of 9921 to 9937 is likely.

Stay tuned for Updates …

September Swiss Franc
Resistance should appear at 6741 to 6755 is likely..
Support should appear near 6707 and 6673 to 6659 under that 6627 should hold..

September British Pound
Support should appear near 149.60 and 1.4840.
Resistance is at 15290 to15350

September Canadian Dollar
Support should appear at 6591 to 6577 and 6509 to 6483 .
Resistance is at 6659 to 6671

September Aussie Dollar
Support is at 5653 to 5640 and 5607
Resistance is at 5716 to 5729 and 5792 to 5805

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Nearby Resistance should appear near 9237 and 9316 to 9347.
On the Downside Nearby Support should appear near 9156 to 9140 , a slip under is negative and augurs for a test of 9060 to 9044 and eventually the 8964 to 8934 region.

September SP500
Resistance is at 962.50 to 964.10 then 970.60 to 973.70 and the 982.10 to 983.70 region.
Support should appear near 957.10 and the 954.20 to 952.60 region. .. below that a test of 944.50 to 942.90
is likely.

Nasdaq Composite
Resistance is at 1437 and 1453 to 1459
Support should appear near 1383 to 1377 and 1346 to 1334

September Mini Nasdaq 100
Resistance is at 1005 and 1018.5 and the 1032 to 1036 region
Support is at 993.70 to 992.1 and 983.7 to 982.1 under that a test of 973.7 to 970.6 is likely..

Sept 10 Year T-Note
Resistance should appear near 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 7430 to 7415 and 7345 to 7325.

Resistance should appear near 7515 and 7585 to 7605

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 7675.
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 6352 to 6337 and 6272 to 6257
Resistance is at the 6417 to 6432 region Beyond that a test of 6487 to 6502 .. BW traders can sell at 6487 and risk a close over 6517 for three days. in a row.

July Hogs
Support is at 5067 to 5032 and the 4997 to 4972 region.
Resistance is at 5127 to 5142 and 5200 to 5212..

July Pork Bellies
Support should appear at 6352 to 6337 and the 6272 to 6257 region.
Resistance is at 6417 to 6430 and 6482 to 6512

    -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 503 3/4 to 506 3/4 an extended trade over is friendly and augurs for a test of the
512 1/2 to 513 3/4 region.

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 167.1 and 165.5 to 164.2
Resistance is at 168.9 to 169.6 and 171.1

July Soybean Oil
Support is near the 1780 to 1774 and the 1738 to 1731 region.
Resistance should appear near 1796 and 1808 to 1822.
.
July Corn
Recommended open BW position, long at 219 3/4
Resistance should appear near 221 3/4 to 222 and 226 3/4 to 227 1/2.
Support is at 218 1/2 to 217 and 213 1/2 to 212 3/4.

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 4975 and the 4925 to 4915 region. Under that 4855 to 4845 should hold.
Resistance should appear near 5035 to 5065 and the 5125 to 5140 region.

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

December Cotton
Nearby Support should appear near 4720 to 4695 and 4650 to 4635
Resistance is at 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

Tuesday June 25th, 2002
9:15 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.