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

FuturesCom Investment Publications
Morning Comments, Thursday June 27th, 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

Morning Comments
Wed, June 26th , 2002
6:00 PM e.s.t.

The ‘Frenzied’ Forex Front

September Yen
Support should appear near 8315 to 8300 and 8224 to 8195..
Resistance 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 151.26 and 149.60 to 1.4930 and 1.4840.
Resistance is at 15290 to15350

September Canadian Dollar
Support should appear at 6577 and 6509 to 6483 .
Resistance is at 6627 and 6659 to 6671

September Aussie Dollar
Support is at 5577 to 5553 and 5504 to 5492
Resistance is at 5609 and 5640 to 5653

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Nearby Resistance should appear near 9140 to 9156 and 9237 , beyond that sellers should appear near 9316 to 9347.
Nearby Support should appear near 9100 and 9060 to 9044 , under that another test of the 8964 to 8934 region is likely.

September SP500
Resistance is at the 982.10 to 983.70 region. Beyond that sellers should appear near 992.10 to 993.70
and the 1000 to 1005 region.
Support should appear near 973.70 to 970.60 and 967.3 .. below that a test of 964.10 to 962.50 is likely
is likely.

Nasdaq Composite
Resistance is at 1437 and 1453 to 1459
Support should appear near 1421 to 1415 and 1383 to 1377

September Mini Nasdaq 100
Resistance is at the 1032 to 1036 region Above that sellers should appear near 1047 and 1058 to 1068.
Support is at 1018.5 and 1005.00 to 1000.00 under that a test of 993.70 to 992.1 is likely..

Sept 10 Year T-Note
Resistance should appear near 108-04 and 108-23 , beyond that a test of 109-07 is likely.
Support is at 107-23 and 107-12, under that 106-23 should hold. .

Precious Metals

August Gold
Recommended open BW position , long 323.7
Support should appear near 319.4 and 315.7 to 314.8 region...
Resistance is at 323.7

Sept Copper
Support should appear near 7515 to 7485 and 7430 to 7415.

Resistance should appear near 7585 to 7605 and the 7675 to 7690 region.

Sept Silver
Recommended open BW position , long at 490
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 2620 to 2612 and 2568 to 2552

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

August Unleaded Gas
Support should appear near 7865 to 7835 and 7775 to 7760.
Resistance is at 7935 to 7955 .Beyond that a test of 8025 to 8045 is likely.

August Heating Oil
Resistance is at 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 6192 to 6162 and the 6037 to 6022 region.
Resistance is at 6270 and the 6337 to 6352 region.

    -Stay tuned for Livestock and Belly Updates and Flashes-

                           The Grande’ Grains

August Soybeans
Resistance is at the 512 1/2 to 513 3/4 region. .. Beyond that a test of 520 to 521 1/4 is likely.
Support should appear at 506 3/4 to 503 3/4 and 499 1/2 to 497 3/4.

August Soybean Meal
Support should appear near 169.6 to 168.9 and 167.1
Resistance is at 171.1 and the 173.1 to 173.8 region.

August Soybean Oil
Support is near the 1780 to 1774 and the 1738 to 1731 region.
Resistance should appear near 1822. and the 1858 to 1869 region
.
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 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 1655 and 1689 to 1676
Support should appear near 1628 then 1615 to 1609 and 1576 to 1569.

September Coffee
Recommended open BW position , long 2 at 5190
Support is near 4855 to 4845 and the 4720 to 4695 region .
Resistance should appear near 4915 to 4930 and 4975 to 4995

October Sugar
Support should appear near 493 to 490
Resistance should appear near 507 to 515
Trade Accordingly

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

Tuesday June 25th, 2002
7:35 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.