FuturesCom Investment Publications Since 1989 Economic and Investment Trend Analysis Since 1979

Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500-
Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments , Wed July 24th, 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

Description of Services Premier Service

Tuesday July 23rd, 2002
9:15 PM , e.s.t.

The ‘Frenzied’ Forex Front
September Yen
Support should appear near 8499 to 8484
Resistance should appear near 8560 to 8589

September Euro Currency (EC)
Recommended open BW postion , long at 9842
Support should appear at the 9837 to 9821 region .. Below that buyers should appear near 9737 to 9706 region.. Under that buyers should appear near 9641 to 9625 and 9584.
Resistance is at 9921 to 9937.. A close over is friendly and augurs for a test of 1.0021 to 1.0037 occurs.. Stay tuned for Updates …

September Swiss Franc
Resistance should appear near 6835, a close over is friendly and augurs for a test of 6906 to 6919 and beyond towards the 6990 to 7003 region.
Support should appear near 6779 and 6755 to 6741 . Under that support is at 6673 to 6659.. BW Traders can buy at 6709 for a bounce and risk a close under 6654 for three days in a row.

September British Pound
Support should appear near 1.5520 and 1.5426..
Resistance is at 1.5690 to 15760, beyond that a test of 1.5926 is likely.

September Canadian Dollar
Support should appear at 6270 to 6257
Resistance is at 6337 to 6350

September Aussie Dollar
Recommended Open Bw postion long at 5433
Support should appear near 5356 to 5344 .
Resistance is at 5418 to 5430.

                          The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 7763 to 777 to 7836 to 7864 and 7939 to 7954 . .
Support should appear near 7689 to 7675 , under that a test of 7601 to 7587 is likely.

September SP500
Resistance is at 802.90 to 804.6 and 811.90 to 813.90 .. Beyond that sellers should appear near
819.4 to 822.30

Support should appear near 795.40 to 793.90, failure there augurs for a test of 786.40 to 783.60 and eventually the 777.70 to 776.30 region..

Nasdaq Composite
Resistance is at 1232 to 1238 and 1253.
Support should appear near`1217.50 and 1203 to 1192.

September Mini Nasdaq 100
Support is at 896.50 to 893.50 then 887.50 to 885.50 and 878.00 to 876.00
Resistance is at 914.00 to 915.50 and 934.50 to 931.00

Sept 10 Year T-Note
Resistance should appear near 111-04 and 111-17.
Support is at 110-23 and 110-12 then 110-04 and 109-23

Precious Metals
August Gold
Recommended open BW position , long 319.9
Support should appear at 310.2 to 309.2. Under that buyers should appear near 304.5 to 303.6 and the 299.0 to 297.2 region .BW Traders can buy at 304.90 and risk a close under 296.8 for three days in a row.

Resistance is at 314.8 to 315.7 a close over is friendly and augurs for a test of 319.4 to 321.3 and the
326.1 to 327 region.

September Copper
Support should appear near 7005 to 6990 and the 6920 to 6905 region.
Resistance should appear near 7075 to 7090 and 7140 to 7170

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

The Exciting Energies

Sept Crude Oil
Recommended open BW position , long 2780
Support should appear near 2620 to 2612 and the 2568 to 2552 region.
Resistance is at 2663 to 2672 and 2716 to 2724.

September Natural Gas
Resistance is at 2.928 to 2.937 and 2.975 to 2.990
Support is at 2.883 to 2.874 and 2.829 to 2.820

September Unleaded Gas
Recommended open BW position , Long 8160
Support should appear near 7780 to 7760 and 7690 to 7675
Resistance is at 7865 and 7935 to 7955

September Heating Oil
Recommended open BW position , Long 6930
Resistance is at 6805 to 6835 and 6905 to 6920
Support should appear near 6755 to 6740 and 6670 to 6655

The Lively Livestock

August Live Cattle
Nearby Support should appear at 6487 and 6432 to 6417.
Resistance is at 6512 and the 6577 to 6592 region. .

August Hogs
Support is at 4997 to 4972 and the 4927 to 4917 region.
Resistance is at the 5037 to 5067 region. Beyond that a test of 5127 to 5142 is likely.

August Pork Bellies
Support should appear at 7257 to 7242 and 7172 to 7142 , under that buyers should appear near
7092 to 7077
Resistance is at 7327 to 7342 and 7417 to 7432, beyond that a test of 7487 to 7512 is likely.

    -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 573 to 571 3/4 and 565 1/4 to 564.

August Soybean Meal
Support should appear near 185.8 and the 182.2 to 180.8 region. Which should contain a decline for a bit..BW Traders can buy at 182.2 and risk a close under 176.9 for three days in a row.
Resistance is at 189.3 and 190.2 to 190.9

August Soybean Oil
Recommended open BW position , long at 1991
Support is near 1946 and 1922 to 1909
Resistance should appear near 1982 to 1996

Sept Corn
Resistance should appear near 246 1/4 to 246 3/4
Support is at 242 to 241 1/4 and 237 to 2351/2.

Sept Wheat
Recommended open BW position , long at 324
Support should appear at 332 3/4 to 331 3/4 and 3267 to 326 1/4
Resistance is at 337 3/4 to 338 3/4 and 342 1/2 to 344 3/4

The Satisfying Softs
September Cocoa
Resistance is at 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

October Sugar
Support should appear near 609 to 601 and 586 to 582 .
Resistance should appear near 630 to 634 .

December Cotton
Resistance should appear near 4845 to 4855 and 4915 to 4930
Support is at 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

Tuesday July 23rd, 2002
10:05 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.