Economic and Investment Trend Analysis

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 31st, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Wed July 31st, 2002
1:45 AM e.s.t

The ‘Frenzied’ Forex Front

September Yen
Support should appear near the 8314 to 8300 region.
Resistance should appear near 8391 to 8406.
BW Traders should go long if a close over 8448 occurs.

Stay tuned for Updates

Sept Euro Currency (EC)
Recommended open BW Position Long at 9841
Support should appear near the 9779 and the 9737 to 9706 region..
Resistance is at 9821 to 9837 A close over is friendly and augurs for a test of 9921 to 9937
BW Traders should go long if a close over 9883 occurs..

Stay tuned for Updates …

September Swiss Franc
Resistance should appear near 6782 and 6809 to 6837
Support should appear near 6741 then 6707 and 6673 to 6659.. BW Traders can buy at 6709 for a bounce and risk a close under 6654 for three days in a row.

BW Traders should go long if a close over 6839 occurs.

September British Pound
Support should appear near 1.5612 and 1.5522.
Resistance is at the 1.5690 to 15760 region.
BW Traders should go long if a close over 1.5772 occurs

September Canadian Dollar
Support should appear at 6337 and 6272 to 6257
Resistance is at 6383 and 6417 to 6430.

September Aussie Dollar
Support is at 5430 to 5418 and 5388
Resistance is at 5492 to 5504.

                             The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8762 to 8777 and the 8856 to 8871 region. Beyond that sellers should appear near 8934 to 8964..
Support should appear near 8668 and 8626, a close under augurs for a test of 8589 to 8560 and eventual the 8499 to 8484 region

September SP500
Resistance is at 904.40 to 906.00 and 914.00 to 915.60 then 931.60 to 934.70.
Aggressive BW Traders can sell at 931.20 and Risk a close over 944.90 for three days in a row.
Support should appear near 896.4 to 893.4 and 887.10 to 885.60.

Nasdaq Composite
Resistance is at 1346 and 1377 to 1383.
Support should appear near 1321.5 and 1310 to 1304.

September Mini Nasdaq 100
Resistance is at 973.50 and the 982.00 to 983.50 region.Beyond that sellers should appear
near 992.00 to 993.50
Support is at 964.00 to 962.5 and 954.50 to 952.50, under that 944.50 to 942.50 .should hold ..

Sept 10 Year T-Note
Resistance should appear near 110-04 and 110-23
Support is at 109-23 and 109-04

                               Precious Metals
December Gold
Recommended open BW position, long 304.50
Support should appear at 304.5 to 303.6 and the 299.0 to 297.2 region.
Under that 293.7 to 292.8 should hold
Resistance is at 309.1 to 310.2.
BW Traders should go long / add if a close over 310.6 occurs

September Copper
Support should appear near the 6915 to 6905 under that a test of 6835 to 6810 is likely.
Resistance should appear near 6990 to 7005 and 7075 to 7090.Beyond that sellers should appear near 7140 to 7170 ..BW Traders cans sell at 7135 and risk a close over 7265 for three days in a row.

Sept Silver
Support should appear near 465 to 463 and 458.5. to 457
Resistance is at 469.5 to 471.5 and the 477.5 to 478.5 region.
BW Traders should go long if a close over 472.5 occurs

                       The Exciting Energies
Sept Crude Oil
Recommended Open BW position , long at 2737
Support should appear near 2724 to 2716 and 2672 to 2663
Resistance is at 2758 to 2775, beyond that an eventual test of the 2812 to 2820 region is likely. .

September Natural Gas
Resistance is at 2.928 to 2.937 and 2.975 to 2.990, a close over 2.990 is friendly and augurs for a test of 3.148 to 3.157 region...
Support is at 2.8290 to 2.820 and 2.775 to 2.758 3 under that buyers should appear near 2.672 to 2.662 and contain a decline.

September Unleaded Gas
Support should appear near 7955 to 7940 and the 7865 to 7835 region.
Resistance is at 8045 and the 8115 to 8135 region

September Heating Oil
Resistance is at 7005 and 7060 to 7090 , beyond that a test of 7140 to 7170 is likely .
Support should appear near 6920 to 6910 and 6835 to 6805.

The Lively Livestock

October Live Cattle
Support should appear at 6755 to 6740 and 6670 to 6655 . .
Resistance is at the 6807 to 6837 and 6907 to 6922 .

October Hogs
Support is at 4162 and 4122 to 4112 then 4057 to 4047 Below that buyers should appear near 3992 to 3982BW Traders can buy at 4052 and risk a close under 3977 for three days in a row.

Resistance is at the 4237 to 4247 region. ..

August Pork Bellies
Recommended Open BW Position Long at 6757
Support should appear near 6352 to 6332 and 6272 to 6257
Resistance is at 6417 to 6432, beyond that a test of 6482 to 6507 is likely... .

    -Stay tuned for Livestock and Belly Updates and Flashes-

                   The Grande’ Grains
Sept Soybeans
Recommended Open BW Position Long at 521 3/4
Resistance is at the 541 3/4 to 543 3/.4
Support should appear at 535 3/4 to 534 1/2 and the 528 1/4 to 525 1/4 region.
BW Traders should go long / add if a close over 536 3/4 occurs.

Sept Soybean Meal
Support should appear near 169.6 to 168.9 and 165.5 to 164.2.
Resistance is at 173.1 to 173.8

Sept Soybean Oil
Recommended Open BW Position , long 2 at 1952 avg
Support is near 1953 to 1946 and 1909 to 1902 .
Resistance should appear near 1982 to 1996

Sept Corn
Resistance should appear near 241 1/4 to 241 3/4 .
Support is at 235 1/2 and 232 1/4 to 231 1/2

Sept Wheat
Recommended open BW position long at 321 3/4
Support should appear at 327 to 326 1/4 and 321 1/4 to 319 1/2
Resistance is at 331 3/4 to 332 3/4

The Satisfying Softs

September Cocoa
Resistance is at 1774 to 1780 and 1808 to 1822.
Support should appear near 1738 to 1731..
BW Traders should ho long if a close over 1797 occurs.

September Coffee
Support is near the 4695 .Under that buyers should appear near 4585 to 4570.
BW Traders can buy at 4585 and risk a close under 4495 for three days in a row.

Resistance should appear near 4695 to 4715 and 4845 to 4855
BW Traders should go long if a close over 4865 occurs.

October Sugar
Support should appear near 562 to 558. Under that support is at 538 to 534 and the 515 to 507 region.
Resistance should appear near 582 to 586 and 601 to 609

December Cotton
Recommended open BW position , long at 4860
Support should appear near 4845 and the 4785 to 4775 region
Resistance is at 4915 to 4925 and 4975 to 4995 .

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 31st, 2002
2:30 AM 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.