The

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 July 9th, 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
Monday, July 8th, 2002
6:35 PM e.s.t.

The ‘Frenzied’ Forex Front

September Yen
Recommended Open BW Position , Short 8362
Support should appear near 8314 to 8300 and the 8223 to 8194 region...
Resistance should appear near the 8391 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 9837 to 9821 and 9779.
Resistance is at 9879 and 9921 to 9937

BW Traders should go long if a close over 9941 occurs.

Stay tuned for Updates …

September Swiss Franc
Resistance should appear near 6755 and 6782
Support should appear near 6707 and 6672 to 6659. .

September British Pound
Support should appear near 1.5510 and 1.5690 to 1.5760
Resistance is at 1.5350 to 1.5290 and 1.5172

BW Traders should go long if a close over 1.5362 occurs

September Canadian Dollar
Recommended Open BW Position , Long 6547
Support should appear at 6509 to 6482.
Resistance is at 6577 to 6583

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

BW Traders should go long if a close over 5656 occurs

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9316 to 9347 and 9429 to 9446
Support should appear near the 9237 and 9156 to 9140

September SP500
Resistance is at 982.1 to 983.7 and 992.10 to 993.70.
Support should appear near 973.7 to 970.6 and the 964.1 to 962.5 region

Nasdaq Composite
Resistance is at 1415 to 1421 and 1453 to 1459
Support should appear near 1383 to 1377 and 1346 to 1334

September Mini Nasdaq 100
Resistance is at 1032 to 1036 and 1047 then 1058 to 1068
Support is at 1018.5 and 1005 to 1000.

Sept 10 Year T-Note
Resistance should appear near 107-2 3 and 108-04
Support is at 107-04 and 106-23

Precious Metals

August Gold
Recommended open BW position , long 2 at 317.1 avg
Support should appear at 310.2 to 309.2 and 306.8. Under that buyers should appear near 304.5 to 303.6

Resistance is at 314.8 to 315.7
BW Traders should go long / add if a close over 316.1 occurs

September Copper
Support should appear near the 7515 to 7480 region A slip under is negative and augurs for a test of
7345 to 7325
Resistance should appear near 7605 and 7675 to 7690 then 7760 to 7780
BW Traders should go long if a close over 7780 occurs...

Sept Silver
Recommended open BW position , long at 490.0
Support should appear near 492.5 to 491.5 and 485.5 to 484.5
Resistance is at 499 and 503.5 to 506.5.

Stay tuned for Updates

The Exciting Energies

August Crude Oil
Recommended open BW position , long at 2634
Support should appear near 2612 and 2568 to 2553

Resistance is at the 2663 to 2672 region.

August Natural Gas
Resistance is at 2.972 to 2.990 and 3.036 to 3.045.
Support is at 2.940 to 2.925 and 2.883 to 2.874 .. BW Traders san buy at 2.885 and hold for higher prices..
Risk a close under 2.753 for three days in a row..

August Unleaded Gas
Recommended open BW position , long at 7695
Support should appear near 7605 to 7585 and 7515 to 7480

Resistance is at 7675 to 7690 and 7765 to 7780 .

August Heating Oil
Recommended Open BW Position , Long 2 at 6770 avg
Resistance is at 6740 to 6755 and 6805 to 6835
Support should appear near 6675 to 6655 and 6590 to 6575

The Lively Livestock

August Live Cattle
Support should appear at 6417 and 6357 to 6332.
Resistance is at 6487 to 6502 and 6577 to 6592

August Hogs
Support is at 5067 to 5032 under that a test of 4997 to 4977 is likely.
Resistance is at 5127 to 5142 and 5200 to 5212 .

Stay tuned for updates..

August Pork Bellies
Support should appear at 7002 to 6992 and 6922 to 6907.
Resistance is at 7072 to 7092 then 7142 to 7172 and 7327 to 7342..

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains
August Soybeans
Recommended open BW position , long at 5211/2
Resistance is at 549 1/4 to 550 1/2 , beyond that a test of 555 1/4 to 557 3/4 is likely..
Support should appear at 543 to 541 3/4 and 535 3/4 to 534 1/2.

August Soybean Meal
Recommended open BW position , long at 180.80
Support should appear near 180.8 and 178 to 177.4
Resistance is at 182.2 and 185.8 to 186.5.

August Soybean Oil
Support is near 1822 to 1808 and 1796
Resistance should appear near 1858 to 1865

Sept Corn
Recommended open BW position , long at 240 1/2
Resistance should appear near 231 1/2 to 232 1/4 and 235 1/2 to 237
Support is at 227 1/2 to 226 3/4 , BW traders can buy at 227 1/2 and risk
a close under 219 for three days in a row.

Sept Wheat
Recommended open BW position , long at 322 1/2
Support should appear at 315 3/4 to 314
Resistance is at 319 1/2 to 321 1/2

The Satisfying Softs

September Cocoa
Recommended open BW position , long at 1671
Resistance is at the 1731 to 1738 region. Beyond that a test of 1774 to 1780 is likely.
Support should appear near 1696 to 1689 and 1655 to 1642

September Coffee
Support is near 4995 to 4975 and 4930 to 4915 and 4855 to 4845.
Resistance should appear near 5065 then 5125 to 5140 and 5200 to 5215.

--Stay tuned for updates --

October Sugar
Support should appear near 548 and 538 to 534.
Resistance should appear near 558 to 562 and 582 to 586.

Trade Accordingly

December Cotton Futures
Recommended open BW position , long at 4790
Nearby Support should appear near 4720 to 4695 then 4650 to 4635 and 4585 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 July 8th, 2002
7:15 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.