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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, Friday July 19th, 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
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Description of Services Premier Service

Thursday July 18th , 2002
04:30 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 10079 then 10037 to 10021 and 9979.
Resistance is at 1.0104 to 1.0136.

September Swiss Franc
Recommended open BW position , Long at 6868
Resistance should appear near 6919 and 6954.
Support should appear near 6906 and 6871 then 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 6430 to 6417.
Resistance is at 6482 to 6509.

September Aussie Dollar
Support is at 5504 to 5492 Below that Buyers should appear near 5430 to 5418.
BW Traders can buy at 5433 and hold for higher prices..
Resistance is at 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 8484 to 8499 and 8560 to 8589 then 8626

Support should appear near 8406 to 8391, under that a test of 8314 to 8300 is likely

September SP500
Recommended open BW position , short at 875.50
Resistance is at 885.60 to 887.20 and 893.40 to 896.40.
Support should appear near 876.20 and 868.30 to 866.80 , under that 858.90 to 856.40 should hold for a bit.

Nasdaq Composite
Resistance is at 1361.50 and 1363 to 1377
Support should appear near 1346 to 1334 and 1310 to 1304

September Mini Nasdaq 100
Resistance is at 1005.00 then 1018.5 and 1032 to 1036.
Support is at 992.10 then 983.50 to 982.00 and 974.00 to 970.50

Sept 10 Year T-Note
Resistance should appear near 109-12 and 109-22, beyond that a test of 110-04 is likely.
Support is at 108-23 and 108-07.

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 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 2780

Support should appear near 2758 and 2724 to 2716
Resistance is at 2775 and 2796 then 2820 to 2829

September Natural Gas
Recommended open BW position , long at 2.830
Resistance is at 3.035 to 3.045 and 3.092 to 3.102
Support is at 2.937 to 2.926 and 2.883 to 2.874

September Unleaded Gas
Recommended open BW position , Long 8160
Support should appear near 8025 and 7955 to 7945, under that 7865 to 7835 should hold. .
Resistance is at 8115 to 8135 and 8195 to 8225
.

September Heating Oil
Resistance is at 7140 to 7170 and 7240 to 7255
Support should appear near 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 5125 then 5065 to 5035 and 4997 to 4972
Resistance is at the 5200 to 5212
Stay tuned for updates..

August Pork Bellies
Recommended open BW position , Long at 7347
Support should appear at 7342 to 7327 and 7257 to 7242.
Resistance is at 6412 to 7432 and the 7487 to 7512 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 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 1953 to 1946 and 1909 to 1902
Resistance should appear near 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 232 1/4 to 2311/2 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 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 4855 to 4845 and the 4785 to 4775 region. .
Resistance should appear near 4915 to 4930 and 4975 to 4995

--Stay tuned for updates --

October Sugar
Support should appear near 593 then 586 to 582 .
Resistance should appear near 609 and 630 to 634 .

December Cotton
Recommended open BW position, long at 4790
Support should appear near 4915 to 4930 and 4975 to 4995
Resistance is at 4845 and 4795 to 4775

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

Thursday July 18th, 2002
5:30 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.