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 2nd, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Thursday August 1st, 2002
6:30 PM e.s.t

The ‘Frenzied’ Forex Front

September Yen
Support should appear near 8406 to 8391 and 8352.
Resistance should appear near 8448 , a close over is friendly and augurs for a test of
8484 to 8499 and eventually the 8560 to 8589 region. BW Traders should go long if a
close over 8448 occurs.

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 9837 , a close over is friendly and augurs for a test of 9879

Stay tuned for Updates …

September Swiss Franc
Resistance should appear near 6805 to 6835, a close over is friendly and augurs for a test of
6909 to 6919 and eventually the 6990 to 7003 region..
Support should appear near 6782 and 6755 to 6741 under that buyers 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 5356 to 5344
Resistance is at 5386 and 5418 to 5430 .

                             The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8560 to 8589 and 8627.5, beyond that sellers should
appear near 8668 to 8689.
Support should appear near 8499 to 8484 under that a test of 8406 to 8391 is likely

September SP500
Resistance is at 885.6 to 887.10 and 893.4 to 896.4 , beyond that a test of 904.4 to 906 is likely.
Support should appear near 877.7 to 876.2 and 868.3 to 866.8

Nasdaq Composite
Resistance is at 1289 and the 1304 to 1310 region.
Support should appear near 1274 to 1268 and 1253.

September Mini Nasdaq 100
Resistance is at 914.00 to 915.5 and the 931.5 to 934.5 region.
Support is at 906 to 904.5 and 896.5 to 893.5

Sept 10 Year T-Note
Resistance should appear near 111-04 and 111-23
Support is at 110-23 and 110-07

                               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 near2620 to 2612 and the 2568 to 2552 region
Resistance is at 2663 to 2672 and 2716 to 2724 .

September Natural Gas
Resistance is at 2.874 to 2.883 and 2.928 to 2.937.
Support is at 2.2.829 to 2.820 and 2.775 to 2.758

September Unleaded Gas
Support should appear near 7605 to 7585 and the 7515 to 7415 region .
Resistance is at 7760 to 7780 and 7835 to 7865

September Heating Oil
Resistance is at 6805 to 6835 and the 6910 to 6920 region. .
Support should appear near 6740, under that 6670 to 6655 should contain a decline..

The Lively Livestock

October Live Cattle
Support should appear at 6670 to 6655 and 6592 to 6577. .
Resistance is at the 6742 to 6757 and 6807 to 6837 .

October Hogs
Recommended open Bw position , long at 4052
Support is at 3932 to 3907
Resistance is at 4047 to 4057. ..

August Pork Bellies
Recommended Open BW Position Long at 6757
Support should appear near 5882 to 5852
Resistance is at 6102 to 6112 and 6257 to 6270.

    -Stay tuned for Livestock and Belly Updates and Flashes-

                   The Grande’ Grains
Sept Soybeans
Recommended Open BW Position Long at 554
Resistance is at 564 to 565 1/2 and 571 3/4 to 572 3/4
Support should appear at 557 3/4 to 555 1/4 then 550 1/4 to 549 and 543 to 541 3/4.

Sept Soybean Meal
Support should appear near 178.0 to 177.4 and 173.8 to 173.1.
Resistance is at 180.8 to 182.2 and 185.8 to 186.5

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 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 1774 to 1780
Support should appear near 1738 to 1731 and 1696 to 1689

September Coffee
Support is near the 4715 to 4695 and 4650 to 4635.

Resistance should appear near 4775 to 4785 and the 4845 to 4855 region.
BW Traders should go long if a close over 4865 occurs.

October Sugar
Support should appear near 562 to 558 and 548
Resistance should appear near 582 to 586 and 593

December Cotton
Recommended open BW position , long at 4860
Support should appear near 4855 to 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

Thursday August 1st, 2002
7:40 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.