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, Thursday August 8th, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Description of Services Premier Service

Wed August 7th, 2002
6:25 PM e.s.t

The ‘Frenzied’ Forex Front

September Yen
Recommended open BW Position Long at 9339
Support should appear near 8314 to 8300.
Resistance should appear near 8392 to 8406.

Sept Euro Currency (EC)
Recommended open BW Position Long at 9725
Support should appear near 9706 and 9641 to 9625.
Resistance is at 9737 and 9821 to 9837

Stay tuned for Updates …

September Swiss Franc
Recommended open BW position, long 2 at 6699
Resistance should appear near 6741 to 6755
Support should appear near 6673 to 6659

September British Pound
Support should appear near 1.5350 to 1.5290
Resistance is at the 1.5426 and 155.20

September Canadian Dollar
Support should appear at 6270 to 6257
Resistance is at 6337 to 6350 and 6417 to 6430

September Aussie Dollar
Support is at 5282 to 5259
Resistance is at 5344 to 5356 and 5418 to 5430

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8484 to 8499 and the 8560 to 8589 region.. Which Should Cap a rally
Beyond that sellers should appear near 8668 to 8683.
Support should appear near 8406 to 8391, a close under is negative and augurs for a test of 8314 to 8300 and more likely the 8045 to 8025 region..

September SP500
Resistance is at 876.2 to 877.70 and the 885.60 to 887.10 region.. Beyond that sellers should appear
near 893.4 to 896.4
Support should appear near 868.30 to 866.80 an extended trade or close under is negative and augurs for a test of 858.90 to 856 and eventually the 822.30 to 819.40 region

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

September Mini Nasdaq 100
Resistance is at 932.00 to 934.50 and the 943.00 to 944.50 region .
Support is at 916.00 to 914.00 and 896.5 to 893.5

Sept 10 Year T-Note
Resistance should appear near 112-17 and 113-04
Support is at 111-23 and 111-12

                               Precious Metals
December Gold
Recommended open BW Position Long at 316.1
Resistance should appear at 319.4 to 321.3 .5, beyond that a test of 326.1 to 327 is likely .
Support is at 314.8 and 309.2 to 310.2

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 458.5. to 457
Resistance is at 469.5 to 471.5 and the 477.5 to 478.5 region.. Beyond that a test of 484.5 to 486 is likely
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 and 25687 to 2552
Resistance is at 2663 to 2674 and the 2712 to 2720 region

September Natural Gas
Resistance is at 2.716 to 2.724 and 2.758 to 2.775
Support is at 2.672 to 2.663 and 2.620 to 2.162

September Unleaded Gas
Support should appear near 7515 to 7415 and the 7345 to 7325 region which should contain
a decline for some time .
Resistance is at 7585 to 7605 and the 7760 to 7780 region

September Heating Oil
Resistance is at 6740 to 6755 and 6805 to 6835
Support should appear near 6655 , under that 6590 to 6575 should contain a decline..

The Lively Livestock

October Live Cattle
Support should appear at 6757 to 6742
Resistance is at the 6807 to 6837 and 6907 to 6917

October Hogs
Support is at 3797 and 3747 to 3732
Resistance is at 3857 to 3867 and 3907 to 3932

August Pork Bellies
Support should appear near 6037 to 6022 and 5807 to 5792
Resistance is at 6257 to 6272 and 6337 to 6352

The Grande’ Grains
Sept Soybeans
Recommended Open BW Position Long at 554
Resistance is at 555 1/4 to 557 3/4 and 564 to 565 1/4
Support should appear at 550 1/2 to 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 177.5 to 178.0

Sept Soybean Oil
Support is near 1996 to 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 251 1/4 to 251 3/4
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 2 at 331 3/4 avg
Support should appear at 344 1/4 to 342 1/2 then 338 3/4 to 337 3/4 and 332 3/4 to 331 3/4
Resistance is at the 349 1/4 to 350 1/4 region. Beyond that a test of the 355 1/4 to 356 region is likely.

The Satisfying Softs

September Cocoa
Resistance is at 1774 to 1780 , beyond that a test of 1808 to 1822 is likely.
Support should appear near 1738 to 1731 and 1696 to 1689

September Coffee
Support is near 4715 to 4695 and 4655 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 586 to 582 and 572 then 562 to 558
Resistance should appear near 593 and 601 to 609

December Cotton
Support should appear near 4635 then 4582 to 4571 and 4514 to 4503
Resistance is at 4650 and 4695 to 4715.

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 August 7th, 2002
7:35 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.