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, Tuesday August 6th, 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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Monday August 5th, 2002
5:00 PM e.s.t

The ‘Frenzied’ Forex Front

September Yen
Support should appear near 8352 and 8314 to 8300.. Day Traders can buy at 8353 and risk 20 pts.
Resistance should appear near 8391 to 8406 a close over is friendly and augurs for a test of 8484 to 8499
BW Traders should go long if a close over 8409 occurs.

Sept Euro Currency (EC)
Recommended open BW Position Long at 9841
Support should appear near 9779 and the 9737 to 9706 region..
Resistance is at 9821 to 9837 and 9883
BW Traders should go long if a close over 9840 occurs

Stay tuned for Updates …

September Swiss Franc
Resistance should appear near 6755 and 6782
Support should appear near 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 6758 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 6190 to 6165
Resistance is at 6257 to 6270

September Aussie Dollar
Support is at 5259 and 5212 to 5200
Resistance is at 5282 and 5344 to 5356 .

                             The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8119 to 8134 then 8194 to 8223 and the 8300 to 8314 region
Support should appear near 8029 under that a test of 7954 to 7939 is likely .. Below that buyers should appear near 7865 to 7835

September SP500
Resistance is at 839.1 to 840.6 and 848.4 to 849.9
Support should appear near 831.40 to 830.00.. Under that buyers should appear near 822.30 to 819.40 Below that 8813.40 to 811.90 should hold..

Nasdaq Composite
Resistance is at 1217.5 and 1232 to 1238 .
Support should appear near 1203 to 1192,   close under augurs for a test of 1169 to 1164 and the 1136 to 1130 region. .

September Mini Nasdaq 100
Resistance is at 866.50 to 868.50 and the 876.00 to 877.50 region .
Support is at 859.50 to 856.00 and the 850.00 to 848.50 region.. Under that a test of 840.50 to 839.00 region is likely.

Sept 10 Year T-Note
Resistance should appear near 112-17 and 112-23
Support is at 111-23 and 111-02

                               Precious Metals
December Gold
Recommended open BW position, long 304.50
Support should appear at 306.8 then 304.5 to 303.6 and the 299.0 to 297.2 region.
Resistance is at 310.2 then 312.5 and the 314.8 to 315.7 region

BW Traders should go long / add if a close over 310.6 occurs

September Copper
Support should appear near 6670 to 6655 and the 6590 to 6575 region
Resistance should appear near 6740 to 6755 and 6810 to 6835

Sept Silver
Support should appear near 463.5 and 458.5. to 457
Resistance is at 465 and the 469.5 to 471.5 region , a close over is friendly and augurs for
a test of 484.5 to 485.5.

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 2620 to 2612 then 2568 to 2552
Resistance is at 2663 to 2672 and 2716 to 2724

September Natural Gas
Resistance is at 2.758 to 2.775 and 2.820 to 2.829.
Support is at 2.672 to 2.663 and 2.620 to 2.162

September Unleaded Gas
Support should appear near 7690 to 7675 then 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 6740 to 6755 and 6805 to 6835
Support should appear near 6670 to 6655 , under that 6590 to 6575 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 3807 to 3797 and 3747 to 3732
Resistance is at 3857 to 3867 and 3907 to 3932

August Pork Bellies
Recommended Open BW Position Long at 6757
Support should appear near 5507 to 5492 and 5432 to 5417
Resistance is at 5792 to 5807 and 5852 to 5882.

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains
Sept Soybeans
Recommended Open BW Position Long at 554
Resistance is at 550 1/2 and 555 1/4 to 557 3/4
Support should appear at 549 then 543 to 541 3/4 and 535 3/4 to 534 1/2

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

Sept Soybean Oil
Recommended Open BW Position , long at 1976
Support is near 1982 and 1953 to 1946 .
Resistance should appear near 2034 to 2042

Sept Corn
Recommended open BW position long at 247 1/4
Resistance should appear near 255 1/4 to 256 3/4 and 261 1/4 to 262
Support is at 251 3/4 to 251 1/4 then 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 to 331 3/4 and 327 to 326 1/4
Resistance is at 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 1731 to 1738 and 1774 to 1780
Support should appear near 1696 to 1689 and 1655 to 1642, BW Traders can
buy at 1659 and hold for higher prices..

September Coffee
Support is near the 4785 to 4775 and 4715 to 4695.

Resistance should appear near 4845 to 4855 and the 4915 to 4930 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 4571 and 4514 to 4503
Resistance is at 4585 and 4635 to 4650 .

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

Monday August 5th, 2002
6:15 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.