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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 July 18th, 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

Wed July 17th , 2002
06:30 PM , e.s.t.

                                                           The ‘Frenzied’ Forex Front
September Yen
Support should appear near 8589 to 8560 and 8531
Resistance should appear near 8627 then 8668 to 8683 and 8723

September Euro Currency (EC)
Support should appear at 10037 to 10021 and 9979.

Resistance is at 10079 and the 1.0104 to 1.0136 region…

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 and 6836 to 6809.

September British Pound
Support should appear near 1.562 then 1.5510 and 1.5350 to 1.5290
BW Traders can buy at 1.5352 for a turn higher and hold for higher prices..
Resistance is at 1.5690 to 15760 region.

September Canadian Dollar
Recommended open BW position , long at 6547
Support should appear at 6482 and 6430 to 6417.
Resistance is at 6509 then 6547 and 6577 to 6591 .

September Aussie Dollar
Support is at 5492 Below that Buyers should appear near 5430 to 5418.
BW Traders can buy at 5433 and hold for higher prices..
Resistance is at 5504 and 5553 to 5577
BW Traders should go long if a close over 5581 occurs..

                          The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 8560 to 8589 and 8668 to 8683 then 8762 to 8777 ..A close over is friendly for a test of the 8856 to 8871 region.

Support should appear near 8499 to 8484... Below that buyers should appear near 8406 to 8391, under that a test of 8314 to 8300 is likely

September SP500
Resistance is at 904.4 to 906.0 and 9140 to 915.6 then 923.60 . Beyond that sellers should appear near then 931.60 to 934.7 and 942.90 to 944.50.

Support should appear near 900.00 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 1415 to 1421.. Above that sellers should appear near 1453 to 1459.
Support should appear near 1396 and 1383 to 1377

September Mini Nasdaq 100
Resistance is at 1036 and 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 1818.5 and 1005 to 1000

Sept 10 Year T-Note
Resistance should appear near 109-07 and 109-22
Support is at 108-17 and 108-04, 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 7345 to 7325 and the 7255 to 7240 region.

Resistance should appear near 7415 to 7430 and 7480 to 7515

Sept Silver
Recommended open BW position , long at 503.5
Support should appear near 499.5 to 497.0 .and 492.5 to 491.5
Resistance is at 503.5 to 506.5 and 512.5 to 514.

The Exciting Energies

Sept Crude Oil
Recommended open BW position , long 2 at 2742 avg
Support should appear near 2775 to 1758 and 2724 to 2716
Resistance is at 2820 to 2829 and 2874 to 2883

September Natural Gas
Recommended open BW position , long at 2.830
Resistance is at 2.874 to 2.883 and 2.926 to 2.937
Support is at 2.829 to 2.820 and 2.775 to 2.758

September Unleaded Gas
Recommended open BW position , Long 2 at 8022 avg
Support should appear near 8135 to 8120 and the 8045 to 8025 region .Below that support should appear near 7955 to 7945 .
Resistance is at 8195 to 8225, beyond that a test of 8300 to 8315 is likely
.

September Heating Oil
Resistance is at 7240 to 7255 and the 7325 to 7345 region
Support should appear near 7140 then 7090 to 7075 and 7005 to 6990.. Below that 6920 to 6905 should contain a decline 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 6547 and 6502 to 6487
Resistance is at 6592 and the 6657 to 6672 region

August Hogs
Recommended open BW position , Long at 5002
Support is at 4972 and 4927 to 4912
Resistance is at the 4997 and 5032 to 5067.
Stay tuned for updates..

August Pork Bellies
Recommended open BW position , Long at 7347
Support should appear at 7002 to 6992 and the 6927 to 6907 region. ..
Resistance is at 7072 to 7087 and the 7142 to 7172 region.

    -Stay tuned for Livestock and Belly Updates and Flashes-

                  The Grande’ Grains
August Soybeans
Recommended open BW position , Long at 570
Resistance is at 579 1.2 to 580 1/2 and 585 1/2 to 588
Support should appear at 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 1946 and 1909 to 1902
Resistance should appear near 1953 and 1982 to 1996

Sept Corn
Recommended open BW position , long at 227 1/2
Resistance should appear near 235 1/2 to 237
Support is at 231 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 332 3/4 to 331 1/4 and 327 to 326 1/2
Resistance is at 337 3/4 to 338 3/4.

The Satisfying Softs
September Cocoa
Resistance is at 1774 to 1780 and 1808 to 1822.
Support should appear near 1738 to 1731

September Coffee
Recommended open BW position ,Long at 5070
Support is near 5065 to 5035 and 4925 to 4915. .
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..
Resistance should appear near 582 to 586.

December Cotton
Recommended open BW position, long at 4790
Support should appear near 4650 to 4635 and 4585 to 4570
Resistance is at 4695 to 4715 and 4775 to 4785

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

Wed July 17th, 2002
7:30 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.