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 , August 1st, 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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Wed July 31st, 2002
2:30 PM 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 9737 to 9706 region..
Resistance is at 9779 and 9821 to 9837.

Stay tuned for Updates …

September Swiss Franc
Resistance should appear near 6741 to 6755 and 6782
Support should appear near 6707 and 6673 to 6659.. BW Traders can buy at 6709
for a bounce, 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 1.5522 and 1,5472
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 6272 to 6257
Resistance is at 6337 to 6350.

September Aussie Dollar
Support is at 5388 and 5356 to 5344
Resistance is at 5418 to 5430 .

                             The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8723, beyond that sellers should appear near 8762 to 8777 and the 8856 to 8871 region.
Support should appear near 8683 to 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 914.00 to 915.60 then 931.60 to 934.70 and 942.90 to 944.50 ..
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 906.00 to 904.40 and 896.4 to 893.4, under that another test of 887.10 to 885.60
is likely

Nasdaq Composite
Resistance is at 1334 to 1346 and 1377 to 1383.
Support should appear near 1321.5 and 1310 to 1304.

September Mini Nasdaq 100
Resistance is at 962.5 to 964.00 then 970.5 to 973.50 and the 982.00 to 983.50 region.
Beyond that sellers should appear near 992.00 to 993.50
Support is at 954.50 to 952.50, under that 944.50 to 942.50 .should hold, a close under augurs for
a test of 934.5 to 931.5

Sept 10 Year T-Note
Resistance should appear near 110-23 and 111-04
Support is at 100-04 and 109-23

                               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 6755 to 6740 and 6670 to 6655.
Resistance should appear near 6835 and 6910 to 6920 and the 6990 to 7005 region.

Sept Silver
Support should appear near 458.5. to 457
Resistance is at 463.5 to 465 .
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 2672 to 2663 and the 2620 to 2612 region
Resistance is at 2716 to 2724 and 2758 to 2775. .

September Natural Gas
Resistance is at 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 2.937 to 2.928 and 2.883 to 2.874.

September Unleaded Gas
Support should appear near 7865 to 7835 and the 7780 to 7760 region.
Resistance is at 7940 to 7955 and the 8025 to 8045 region

September Heating Oil
Resistance is at 6910 to 6920 and 6990 to7005 .
Support should appear near 6835 to 6805 and 6755 to 6740

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. BW Traders can buy
at 4052 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 6272 to 6257 and 6192 to 6162
Resistance is at 6337 to 6352 and 6417 to 6432.

    -Stay tuned for Livestock and Belly Updates and Flashes-

                   The Grande’ Grains
Sept Soybeans
Recommended Open BW Position Long 2 at 537 3/4
Resistance is at the 555 1/2 to 557 3/4 and 564 to 565 1/2
Support should appear at 550 1/4 to 549 and 543 to 541 3/4.

Sept Soybean Meal
Support should appear near 173.8 to 173.1 and 169.6 to 168.9.
Resistance is at 177.4 to 178.0 and 180.8 to 182.2

Sept Soybean Oil
Recommended Open BW Position , long 2 at 1952 avg
Support is near 1996 to 1982 and 1953 to 1946 .
Resistance should appear near 2034 to 2042 and 2080 to 2088

Sept Corn
Recommended open BW position long at 247 1/4
Resistance should appear near 251 to 251 3/4 and the 255 1/4 to 256 3/4 region.
Support is at 246 3/4 to 246 and the 241 3/4 to 241 1/4 region.

Sept Wheat
Recommended open BW position long at 321 3/4
Support should appear at 332 3/4 o 331 3/4 and 327 to 326 1/4
Resistance is at 337 3/4 to 338 3/4 , a close over is friendly and augurs for a test of
342 1/2 to 344 1/2 and the 349 1/4 to 350 1/4 region.
BW Traders should go long if a close over 339 1/4 occurs

The Satisfying Softs

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

September Coffee
Support is near the 4650 to 4635 and 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 and 538 to 534.
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.