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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 , Monday July 22nd, 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" Radio Show

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“A loss never bothers me after I take it. I forget it overnight. But being wrong -- not taking the loss- that is what does the damage to the pocket book and to the soul." - Jesse Livermore-

Sunday July 21st, 2002
10:00 AM , e.s.t.

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

September Euro Currency (EC)
Support should appear at 10079 then 10037 to 10021 and 9979.
Resistance is at 10104 to 10136 and the 10185 region, beyond that sellers should appear near
10320 to 10360

September Swiss Franc
Resistance should appear near 6954 and the 6990 to 7003 region
Support should appear near 6919 to 6906 and 6871 then 6836 to 6809.

September British Pound
Support should appear near 1.5712 and 1.5626..
Resistance is at 15760, beyond that a test of 1.5926 is likely.

September Canadian Dollar
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 8029 to 8044 then 8110 to 8134 and 8195 to 8225 .
Beyond that sellers should appear near 8300 to 8314.
Support should appear near 7954 to 7939 and 7864 to 7836., below that a test of 7777 to 7763 is likely.

September SP500
Resistance is at 848.4 to 849.90 and 856.00 to 858.90.. Beyond that sellers should appear near
866.80 to 868.30

Support should appear near 840.6 to 839.10 and 822.2o to 819.40, under that 804.40 to 802.90 should
hold for a bit.

Nasdaq Composite
Resistance is at 1334 to 1346 and 1377 to 1383
Support should appear near 1310 to 1304 then 1289 and 1274 to 1268

September Mini Nasdaq 100
Support is at 964 to 962.50 and 954.50 to 952.50 , under that a test of the 944.50 to 942.50 is likely
Resistance is at 970 .50 to 973.50 then 982.00 to 984.00 and 992.00 to 993.50

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

Precious Metals
August Gold
Recommended open BW position , long 319.9
Support should appear at 321.3 to 319.4 and 317.9.
Resistance is at 326.1 to 327, beyond that a test of 331.9 to 332.8 is likely.

September Copper
Support should appear near 7170 to 7140 and 7090 to 7075, below that a tap of the 7005 to 6990
region is likely. .
Resistance should appear near 7240 to 7255 and 7325 to 7345

Sept Silver
Recommended open BW position , long at 503.5
Support should appear near 506.5 to 503.5 then 499.5 to 497.0 .and 492.5 to 491.5
Resistance is at 512.5 to 514, a close over is friendly and augurs for a test of 520 to 521.5

The Exciting Energies

Sept Crude Oil
Recommended open BW position , long 2780
Support should appear near 2775 to 2758 and 2724 to 2716
Resistance is at 2796 and the 2820 to 2829 region.

September Natural Gas
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 8045 to 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 7074 then 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 6572 to 6592 and the 6657 to 6672 region

August Hogs
Support is at 5065 to 5035 and 4997 to 4972
Resistance is at the 5127 to 5142 and 5200 to 5212
Stay tuned for updates..

August Pork Bellies
Support should appear at 7602 to 7587 then 7512 to 7487 and 7432 to 7417.
Resistance is at 7762 to 7777 and 7837 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 579 1/4 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
Support should appear near 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 185.8 to 186.5 and 190.2 to 190.9..

August Soybean Oil
Recommended open BW position , long at 1991
Support is near 1953 to 1946 and 1909 to 1902
Resistance should appear near 1982 to 1996 and 2032 to 2042

Sept Corn
Resistance should appear near 235 1/2 to 237 and 2411/4 to 241 3/4
Support is at 232 1/4 to 2311/2 and 227 1/2 to 226 3/4

Sept Wheat
Recommended open BW position , long at 324
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 and 337 3/4 to 338 3/4.

The Satisfying Softs
September Cocoa
Resistance is at1808 to 1822., beyond that a test of 1858 to 1869 is likely.
Support should appear near 1780 to 1774 and 1738 to 1731

September Coffee
Recommended open BW position ,Long at 5070
Support is near 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 601 then 593 and 586 to 582 .
Resistance should appear near 609 and 630 to 634 .

December Cotton
Resistance should appear near 4915 to 4930 and 4975 to 4995
Support is at 4845 and 4795 to 4775 , under that 4715 to 4695 should contain decline..

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

Sunday July 21st, 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.