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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 26th, 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

Thursday July 25th, 2002
5:45 PM , e.s.t.

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

September Euro Currency (EC)
Support should appear at the 9979 and the 9937 to 9921 region
Resistance is at 10021 to 10037 and 10069

September Swiss Franc
Resistance should appear near the 6990 to 7003 region.
Support should appear near 6919 to 6906 and 6868.

September British Pound
Support should appear near 1.5760 to 1.5690.
Resistance is at 1.5926 and the 1.6090 to 1.6150 region .

September Canadian Dollar
Support should appear at 6350 to 6337
Resistance is at 6417 to 6430

September Aussie Dollar
Recommended Open BW position 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 8194 to 8223 and 8300 to 8314 .
Support should appear near 8134 to 8119 then 8044 to 8029 and 7954 to 7939

September SP500
Resistance is at 840.60 then 848.40 to 849.90 and the 856.00 to 858.90 region

Support should appear near the 831.40 to 830.00 region and 822.30 to 819.40 and 804.40 to 802.90

Nasdaq Composite
Resistance is at 1261.5 and 1268 to 1274 then 1289 and 1304 to 1310
Support should appear near 1238 to 1232 and 1217.50, under that a test of 1203 to 1192 is likely.

September Mini Nasdaq 100
Support is at 896.5 to 893.5 and 887.00 to 885.50, below that a test of the 878 to 876.5 region is likely.
Resistance is at 904.00 to 906.00 and 914.00 to 915.50 beyond that sellers should appear near
923.50 and the 931.50 to 934.50 region.

Sept 10 Year T-Note
Resistance should appear near 111-04 then 111-17 and 111-23, beyond that a test of 112-04 is likely
Support is at 110-23 then 110-04 and 109-23

Precious Metals
August Gold
Recommended open BW position , long 319.9
Support should appear at 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 310.2 and 314.8 to 315.7

September Copper
Support should appear near 6920 to 6905 and the 6835 to 6810 region.
Resistance should appear near 6990 to 7005 then 7075 to 7090 and 7140 to 7170

Sept Silver
Recommended open BW position , long at 503.5
Support should appear near 484.0 then 478.5 to 477.5 .and 471.5 to 469.5
Resistance is at 491.5 to 492.5

The Exciting Energies

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

September Natural Gas
Resistance is at 2.972 to 2.990 and 3.035 to 3.046
Support is at 2.883 to 2.874 and 2.828 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 7835 to 7865 and 7935 to 7955

September Heating Oil
Recommended open BW position , Long 6930
Resistance is at 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 6482 and 6432 to 6417.
Resistance is at 6512. and 6577 to 6592

August Hogs
Support is at 5067 to 5037 and 4997 to 4972.
Resistance is at the 5127 to 5142 and 5197 to 5212

August Pork Bellies
Support should appear at 6922 to 6907 and 6837 to 6807 .
Resistance is at 6992 to 7002 and 7072 to 7087 .

    -Stay tuned for Livestock and Belly Updates and Flashes-

                  The Grande’ Grains
August Soybeans
Recommended open BW position , Long at 570
Resistance is at 571 1/2 to 572 3/4
Support should appear at 565 1/4 to 564.and 557 3/4 to 555 1/2

August Soybean Meal
Recommended open BW position , Long at 182.2
Support should appear near the 182.2 to 180.8 region and 178.0 to 177.4.
Resistance is at 185.8 to 186.5

August Soybean Oil
Recommended open BW position , long at 1991
Support is near 1946 and 1922 to 1909
Resistance should appear near 1953 and 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 235 1/2

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 1808 to 1822 and 1858 to 1865
Support should appear near1780 to 1774 and 1738 to 1731

September Coffee
Support is near 4785 to 4775 and 4715 to 4695
Resistance should appear near 4845 to 4855 and 4915 to 4925

October Sugar
Support should appear near 586 to 582 and 572.
Resistance should appear near 593 and 601 to 609 .

December Cotton
Resistance should appear near 4775 to 4785 and 4845 to 4855
Support is at 4715 to 4695 and the 4650 to 4635 region. .

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 25th, 2002
6:45 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.