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 13th, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Monday August 12th, 2002
9:00 PM e.s.t

The ‘Frenzied’ Forex Front

September Yen
Recommended open BW Position Long at 9339
Support should appear near 8406 to 8391 and 8353
Resistance should appear near 8448 and the 8484 to 8499 region..
BW Traders should go long if a close over 8448 occurs.

September Euro Currency (EC)
Recommended open BW Position Long at 9725
Support should appear at 9737 to 9706 and 9673.
Resistance is at 9821 to 9837.

September Swiss Franc
Recommended open BW position, long 2 6699
Resistance should appear near 6707, a close over is friendly and augurs for a test of 6741 to 6755 and eventually the 6809 to 6836 region.
Support should appear near 6673 to 6659 and the 6591 to 6577 region
.
September British Pound
Support should appear near 1.5226 and 1.5172
Resistance is at 1.5290 to 1.5350.

September Canadian Dollar
Support should appear at 6270 to 6257 Bw Traders can buy at 6273 and risk a close under 6162 for three days in a row.
Resistance is at 6350 a close over is friendly and augurs for a test of 6417 to 6430

September Aussie Dollar
Recommended open BW position, long 5388
Support is at 5356 to 5344 then 5282 to 5259 and the 5212 to 5200 region. BW Traders can buy at 5286 and risk a close under 5197 for three days in a row.
Resistance is at 5418 to 5430, beyond that sellers should appear near 5492 to 5504

The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Nearby Resistance should appear near 8762 to 8777 and 8816 . A close over is friendly for a test of the 8856 to 8871 and the 9044 to 9060 region . Beyond that sellers should appear near 9140 to 9156 and the 9316 to 9347 region, which should Cap a rally..

Nearby Support should appear near 8683 to 8668 a slip below that augurs for another test of 8589 to 8560. A close under 8560 is negative and indicates a test of 8406 to 8391 .Below that buyers should appear near 8314 to 8300 failure there indicates a test of 8223 to 8194 ..Which should hold.

September SP500
Resistance is at 904.40 to 906.00 and 914.00 to 915.60 then 931.60 to 934.70 and 942.90 to 944.50 .. Beyond that sellers should appear near 962.5o to 964.10 and the 982.1 to 983.70 region ..Aggressive BW Traders can sell at 981.90 and Risk a close over 993.70 for three days in a row.

Support should appear near 896.40 to 893.40 then 887.10 to 885.60 and the 858.90 to 856.00 region.. Below that support should appear near 831.40 to 830.00

BW Traders should go short if a close under 885.30 occurs.

Nasdaq Composite
Resistance is at 1310, beyond that sellers should appear near 1334 to 1346 and 1377 to 1383 .
Support should appear near 1304 and 1289 then 1253 , slip under augurs for a test of 1238 to 1232

September Mini Nasdaq 100
Resistance is at 952.50 to 954.50.. A close over is friendly and augurs for a test of the 962.50 to 964.00 region. Beyond that sellers should appear near 970.50 to 973.50 and the 982.00 to 984.00 region.

Support is at 934.50 to 931.50 and the 915.50 to 914.00 region, a close under 914.00 is negative and augurs for a test of 906.00 to 904.50 then 896.50 to 893.50 and eventually the 877.5 to 876.00 region.

Sept 10 Year T-Note
Resistance should appear near 112-23 then 113-07 and 113-23 to 114-07 which should cap a rally for a bit..

Support is at 112-04 and 111-23 a close under is negative and augurs for a test of 111-07 and 110-23 which should contain a decline for a bit…

                               Precious Metals
December Gold
Recommended open BW position , long at 316.1
Support should appear at 310.2 to 309.1 and 304.5 to 303.6 Under that 299.00 to 297.2 should hold
Resistance is at the 319.4 to 321.3 region.. Above that a test of the 326.0 to 327 region is likely..

BW Traders should go long if a close over 321.7 occurs

September Copper
Support should appear near the 6755 to 6740 region.. A close under 6740 is negative and augurs for a test of 6670 to 6655..
Resistance should appear near 6810 to 6835 and the 6990 to 7005 region. A close over augurs for a test of a test of 7140 to 7170. BW Traders can sell at 7135 and risk a close over 7265 for three days in a row.

Sept Silver
Support should appear near 458.5 to 457 and 444.5 to 443.5 under that 438.5 to 437 should contain
a decline.
Resistance is at 463 to 465 then 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
October Crude Oil
Recommended open position, long 2 at 2676 avg
Support should appear near 2672 to 2663 and 2620 to 2612

Resistance is at 2716 to 2724 and the 2758 to 2775 region ..

October Natural Gas
Resistance is at 3.036 to 3.045 and 3.092 to 3.102.
Support is at 2.990 to 2.972 and 2.937 to 2.928 which should contain a decline for a bit..

October Unleaded Gas
Recommended open BW position, long 7497
Support should appear near 7430 to 7415 and 7355 to 7335
Resistance is at 7585 to 7605, beyond that a test of the 7760 to 7780 region is likely..

October Heating Oil
Recommended open BW position, long 7052
Resistance is at 7075 to 7090 and 7140 to 7170.. Beyond that sellers should appear near 7240 to 7255 and the 7325 to 7345 region.
Support should appear near 7005 to 6990 then 6920 to 6905 and the 6835 to 6810 region ..

The Lively Livestock

October Live Cattle
Recommended open BW position, long 6837
Nearby Support should appear at 6835 to 6805. Below that buyers should appear near 6755 to 6740
Resistance is at 6907 to 6922,

October Hogs
Recommended open BW position, Short 3765
Support is at 3742 to 3732 and the 3682 to 3662 region.
Resistance is at 3792 to 3807 and 3857 to 3867

February Pork Bellies
Support should appear at 6032 to 6022 and 5957 to 5942.. Below that buyers should appear near the 5882 to 5852 region.
Resistance is at 6102 to 6117 then 6162 to 6192 and 6257 to 6272

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains
Sept Soybeans
Recommended open Position , long 2 at 567 3/4 avg
Resistance is at 585 1/2 to 589 and the 602 1/2 to 603 1/2 region..
Support should appear at 580 1/2 then 572 1/2 to 571 3/6 .

November Soybeans
Recommended open BW position, long 552 3/4
Resistance is at the 550 ½ . Beyond that resistance should appear near 555 1/2 to 557 1/2
and 564 to 565 1/2
Support should appear at 543 to 541 3/4 and 535 3/4 to 534 1/2

Sept Soybean Meal
Recommended open BW position, long 185.4
Support should appear near 182.2 to 180.8
Resistance is at 185.8 to 186.5 and 190.2 to 190.9

Sept Soybean Oil
Recommended open BW position, long 2057
Support is near 2042 to 2034 and 1996 to 1982
Resistance should appear near the 2080 to 2088 region .

Sept Corn
Recommended Open position , long 2 at 254 avg
Resistance should appear near 261 1/4 to 262 and the 266 1/4 to 267 1/2 region .
Support is at 256 3/4 to 255 1/4 and the 246 3/4 to 246 1/4 region

Dec Corn
Recommended open BW position, long 272 1/4
Resistance should appear near 275 3/4 to 277 1/2 region.
Support is at 267 1/2 to 266 1/4 and 262 to 261 1/4

Sept Wheat
Recommended open Position long 2 at 346 3/4 avg
Support should appear at 350 1/2 to 349 1/4 and 344 1/2 to 342 1/2
Resistance is at 355 1/4 to 356 1/4 and the 361 1/4 to 362 1/2 region..

December Wheat
Recommended open BW position, long 362 3/4
Support should appear at 356 1/4 to 355 1/4 and 350 1/4 to 349 1/4
Resistance is at 366 1/4 to 368 1/4 and 373 3/4 to 374 1/4

The Satisfying Softs

December Cocoa
Recommended open BW position, long 1799
Resistance is at 1822. A close over is friendly and augurs for a test of 1858 to 1865

Support should appear near 1808 and the 1780 to 1774 region.

BW Traders should go long if a close over 1817 occurs.

December Coffee
Recommended open BW position, long 5200
Support is near 5140 to 5125 and 5065 to 5035
Resistance should appear near 5215 5255 to 5285 , beyond that a test of 5345 to 5355 is likely

October Sugar
Recommended open BW position, long 579
Support should appear near 562 to 558. Under that support is at 538 to 534.
Resistance should appear near 582 to 586.
BW Traders should go long if a close over 594 occurs.

December Cotton
Recommended open BW position, long 4690
Support should appear near 44650 to 4635 and 4515 to 4505
Resistance is at 4695 to 4715 and 4775 to 4785 .. A close over 4785 is friendly and augurs for a test of 4845 to 4855 and the 4915 to 4930 region.

Trade Accordingly and stay tuned for updates..
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 12th 2002
10:00 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.