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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, Tuesday, July 16th, 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
“Not for Widows and Orphans”
Description of Services Premier Service
"If the Creator had a purpose in equipping us with a neck,
he surely meant for us to stick it out." --- Arthur Koestler

Monday July 15th , 2002
09:30 PM , e.s.t.

                                                           The ‘Frenzied’ Forex Front
September Yen
Recommended open BW position , short at 8482
Support should appear near 8562, a close under augurs for a test of 8499 to 8484.. Below that buyers should appear near 8406 to 8391 and the 8314 to 8300 region.
Resistance should appear near the 8589.   Beyond that sellers should appear near 8668 to 8683 and 8762

September Euro Currency (EC)
Recommended open BW position , Long at 10029
Support should appear at 10037 to 10021 and 9979.. Below that buyers should appear near 9837 to 9821 region..BW Traders can buy at 9841 and risk a close under 9821 for three days in a row..

Resistance is at the 1.0104 to 1.0136 region… Beyond that a trade towards 1.0320.to 1.0360 is likely
If all Hell breaks loose a trade towards 1.0580 to 1.0680 is likely to occur..
BW Traders who sleep on a bed of Nails can sell at 1.0577 for
a turn lower and risk a close over 1.0687 for three days in a row.

September Swiss Franc
Recommended open BW position , Long at 6868
Resistance should appear near 6906 to 6919 and the 6990 to 7003 region.
Support should appear near 6871 . Under that support is at 6836 to 6809..

September British Pound
Recommended open BW position , long at 1.5452
Support should appear near 155.1 and 153.5 to 152.90 BW Traders can buy at 1.5352 for a turn higher and hold for higher prices..
Resistance is at 1.5690 to 15760 region. Above that resistance should appear near 160.90 to 161.50

September Canadian Dollar
Recommended open BW position , long at 6547
Support should appear at 6482 and 6430 to 6417, under that 6350 to 6337 should contain a decline.
Resistance is at 6509 and 6547.

September Aussie Dollar
Support is at 5577 to 5553. Under that 5504 to 5492 should contain a decline for a bit.. Below that Buyers should appear near 5430 to 5418. BW Traders can buy at 5433 and hold for higher prices..

Resistance is at 5640 to 5653
BW Traders should go long if a close over 5581 occurs..

                          The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Nearby Resistance should appear near 8668 to 8683 and 8762 to 8777 ..A close over is friendly for a test of the 8856 to 8871 region.

Support should appear near 8589 to 8560. A close under 8560 is negative and indicates another test of 8499 to 8484... Below that buyers should appear near 8406 to 8391,

September SP500
Resistance is at 923.60 and 931.60 to 934.7. Beyond that sellers should appear near 942.90 to 944.50 and 952.60 to 954.20..Above that resistance is at 962.50 to 964.10   BW Traders can sell at 962.30 and risk a close over 975.20 for three days in a row..

Support should appear near 915.60 to 914.00 and 906.00 to 904.00 Below that buyers should appear near is 896.40 to 893.40.. A close under is negative and augurs for another test of 887.10 to 885.60 and the 877.70 to 876.20 region.

Aggressive BW Traders should go short if a close under 892.20 occurs..

Nasdaq Composite
Resistance is at 1383 and 1415 to 1421.. Above that sellers should appear near 1453 to 1459.

Support should appear near 1361.50 and 1346 to 1334.

September Mini Nasdaq 100
Resistance is at 1036 then 1058 to 1068 and 1082 , beyond that sellers should appear near 1096 to 1101. A Close over is friendly and augurs for a test of 1115.50 and the 1120 to 1136 region.

Support is at 1018.5 and 1005 to 1000 then 994.00 to 992.00 and the 984.00 to 982.50 region..

Sept 10 Year T-Note
Resistance should appear near 109-07 and 109-23 which should cap a rally for a bit.

Support is at 108-23 and108-4, a close under is negative and augurs for a test of 107-23.

Precious Metals
August Gold
Recommended open BW position , long 2 at 318.2 avg
Support should appear at 317.1 and 315.7 to 314.8.
Resistance is at 319.4 to 321.3 , a close over is friendly and augurs for a test of 326.1 to 327.

September Copper
Support should appear near the 7430 to 7415 . A close under 7415 is negative and augurs for a test of 7345 to 7325 and eventually the 7255 to 7240 region.

Resistance should appear near 7480 to 7515, a close over augurs for a test of 7580 to 7605 and the 7675 to 7690 region which should Cap a rally for a bit

Sept Silver
Support should appear near 506.5 to 503.5 and the 499.7 to 497.0 region… BW Traders can buy at 503.5 and hold for higher prices..
Resistance is at 512.5 to 514. 0 Beyond that an eventual test of the 520 to 521.5 region
is likely.

The Exciting Energies

Sept Crude Oil
Recommended open BW position , long at 2704
Support should appear near 2697 and 2672 to 2663 then2620 to 2612 ..

Resistance is at 2758 to 2775. Beyond that a test of 2820 to 2829 region is likely..
BW Traders should go long if a close over 2779 occurs.

September Natural Gas
Recommended open BW position , long at August 2.830
Resistance is at 2.874 to 2.883 and 2.975 to 2.990., a close over 2.990 is friendly and augurs for a test of 3.148 to 3.157 region...
Support is at 2.829 to 2.820 and 2.775 to 2.758 3.

September Unleaded Gas
Recommended open BW position , Long at 7885
Support should appear near 7865 to 7835 and the 7780 to 7765 region.
Below that support should appear near 7605 to 7585 and contain a decline.

Resistance is at 7945 to 7955 and 8025 to 8045
BW Traders should go long if a close over 8155 occurs.

September Heating Oil
Resistance is at 7140 to 7170. A close over is friendly and augurs for a test of 7240 to 7255..
Support should appear near 7005 to 6990 and the 6920 to 6905 region.
BW Traders can buy at 6930 and risk a close under 6790 for three days in a row.

The Lively Livestock

August Live Cattle
Nearby Support should appear at 6502 to 6487
Resistance is at the 6592 and the 6657to 6672 region.

August Hogs
Support is at 5212 to 5200 and 5142 to 5127.
Resistance is at the 5257 to 5287 region. Beyond that sellers should appear near 5342 to 5357 and 5417 to 5432.. BW Traders can sell at 5337 and risk a close over 5442 for three days in a row.

Stay tuned for updates..

August Pork Bellies
Recommended open BW position , Long at 7347
Support should appear at 7512 to 7487 and 7432 to 7417.. Under that 7342 to 7322 should hold..

Resistance is at the 7587 to 7602 region Beyond that sellers should appear near 7762 to 7777.
Above that resistance is at 7832 to 7867..

    -Stay tuned for Livestock and Belly Updates and Flashes-

                  The Grande’ Grains
August Soybeans
Recommended open BW position , Long at 570

Resistance is at 585 1/2 to 588 and the 594 1/2 to 595 3/4 region. Beyond that sellers should appear near 602 1/4 to 603 1/2
Support should appear at 580 1/2 to 579 1/4 and 572 3/4 to 571 3/4 Under that buyers should appear near 565 1 /2 to 564

--Stay tuned for updates--

August Soybean Meal
Recommended open BW position , long at 180.8

Support should appear near 186.5 to 185.9 and 182 to 180.80 BW Traders can buy at 182.2 and risk a close under 176.9 for three days in a row.
Resistance is at 190.2 to 190.9.. Beyond that a test of the 194.6 to 195.3 region is likely.

August Soybean Oil
Recommended open BW position , long 2 at 1935 avg
Support is near 1996 to 1982 and 1953 to 1946.
Resistance should appear near 2034 to 2042 and 2080 to 2088

Sept Corn
Recommended open BW position , long at 227 1/2
Resistance should appear near 235 1/2 to 237 and 241 1/4 to 241 3/4
Support is at 232 1/4 to 231 1/2 and 227 1/2 to 226 3/4

Sept Wheat
Recommended open BW position , long 2 at 323 1/4 avg
Support should appear at 327 to 326 1/2 and 321 1/4 to 319 1/2
Resistance is at 331 1/4 to 332 3/4 , beyond that a test of 337 3/4 to 338 3/4 is likely.

The Satisfying Softs
September Cocoa
Resistance is at 1808 to 1822 region..Above that sellers should appear near the 1858 to 1865 region.
Support should appear near 1780 to 1774 and 1738 to 1731

September Coffee
Recommended open BW position ,Long at 5070

Support is near 5065 to 5035 and 4925 to 4915. Below that support is at 4855 to 4845 and the
4785 to 4775 region.
Resistance should appear near 5125 to 5145 and 5200 to 5215
BW Traders should go long if a close over 5295 occurs.

--Stay tuned for updates --

October Sugar
Support should appear near 562 to 558. Under that support is at 538 to 534 .
Resistance should appear near 582 to 586 and 601 to 609.

December Cotton
Recommended open BW position, long at 4790
Support should appear near 4445 to 4420 and 4380 to 4370

Resistance is at 4515 and 4570 to 4585

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 15th, 2002
10:45 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.