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 15th, 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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Description of Services Premier Service

Wed August 14th, 2002
6:10 PM e.s.t

The ‘Frenzied’ Forex Front

September Yen
Recommended open BW position, long 8543
Support should appear near 8499 to 8484 and 8406 to 8391
Resistance should appear near 8529 and 8560 to 8589.

September Euro Currency (EC)
Support should appear at 9737 to 9706
Resistance is at 9779 and 9821 to 9837...

September Swiss Franc
Resistance should appear near 6707 and 6741 to 6755n.
Support should appear near 6673 to 6659 and 6627
.
September British Pound
Support should appear near 1.5290 and 1.5226 then 1.5172
Resistance is at 1.5350 and 1.5510

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

September Aussie Dollar
Recommended open BW position, long 5388
Support is at 5356 to 5344 and 5282 to 5259. BW Traders can buy at 5286 and risk a close
under 5197 for three days in a row.
Resistance is at 5418 to 5430

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8762 to 8777 and 8856 to 8871.
Support should appear near 8683 to 8668 and 8629..

September SP500
Recommended open BW position, Short 885.00
Resistance is at 923.60 and 931.60 to 934.70.. Beyond that 942.90 to 944.50 should cap a rally.. .
Support should appear near 915.60 to 914.00 and 906.00 to 904.40 .

Nasdaq Composite
Resistance is at 1346 and 1361.5 and the 1377 to 1383 region .
Support should appear near 1321.5 then 1310 to 1304

September Mini Nasdaq 100
Resistance is at 973.50 and 982.00 to 983.50 beyond that sellers should appear
near 992..00 to 993.50
Support is at 964.00 to 962.50 and 954.50 to 952.50 . .

Sept 10 Year T-Note
Resistance should appear near 113-04 and 113-23.
Support is at 112-23 and 112-07

                               Precious Metals
December Gold
Recommended open BW position , long at 316.1
Support should appear at 310.2 to 309.1
Resistance is at the 314.8 to 315.7.

September Copper
Support should appear near 6755 to 6740 and 6670 to 6655
Resistance should appear near 6810 to 6835 and 6905 to 6920

Sept Silver
Support should appear near 444.5 to 443.5 under that 438.5 to 437 should contain
a decline.
Resistance is at 450.5 to 451.5

                        The Exciting Energies
October Crude Oil
Recommended open position, long 2715
Support should appear near 2724 to 2716 and 2672 to 2663
Resistance is at the 2758 to 2775 region ..Beyond that a test of 2820 to 2829 is likely.

October Natural Gas
Resistance is at 2.975 to 2.990 and 3.034 to 3.045
Support is at 2.937 to 2.928 and 2.885 to 2.874

October Unleaded Gas
Recommended open BW position, long 7497
Support should appear near 7485 and 7430 to 7415
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 7140 to 7170.. Beyond that sellers should appear near 7240 to 7255 and
the 7325 to 7345 region.
Support should appear near 7090 to 7075 and 7005 to 6990 .

The Lively Livestock

October Live Cattle
Recommended open BW position, long 6837
Nearby Support should appear at 6835 to 6805 and 6757 to 6742

Resistance is at 6907 to 6922

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

February Pork Bellies
Support should appear at 6197 to 6165 then 6117 to 6102 and 6032 to 6022.
Resistance is at 6257 to 6272, beyond that sellers should appear near 6337 to 6352
and the 6417 to 6432 region.

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains
Sept Soybeans
Resistance is at 594 1/2 to 595 3/4 and the 602 1/2 to 603 1/2 region..
Support should appear at 588 to 585 1/2 and 580 1/2 to 579.

November Soybeans
Recommended open BW position, long 552 3/4
Resistance is at the 571 3/4 to 573 region. Beyond that a test of 579 1/2 to 580 1/2 is likely
Support should appear at 565 1/4 to 564 then 557 3/4 to 555 1/4 and the 550 1/2 to 549 1/4 region.

Sept Soybean Meal
Support should appear near 190.2 and 186.5 to 185.8
Resistance is at 194.6 to 195.3

Sept Soybean Oil
Support is near 2080 and 2042 to 2034
Resistance should appear near the 2126 to 2134 .

Sept Corn
Resistance should appear near 275 3/4 to 277 1/2 and the 282 to 282 3/4 region
Support is at 272 1/2 to 271 3/4 and 267 1/2 to 266 1/4

Dec Corn
Recommended open BW position, long 272 1/4
Resistance should appear near the 287 1/2 to 288 1/4 region. Beyond that a
test of 292 3/4 to 293 3/4 is likely .
Support is at 282 3/4 to 282 and 277 1/2 to 275 3/4

Sept Wheat
Support should appear at 356 1/4 to 355 1/2 and 350 1/2 to 349 1/4
Resistance is at 361 1/4 to 362 1/2 region, beyond that sellers should appear near 366 1/4 to 368 1/4.

December Wheat
Recommended open BW position, long 362 3/4
Support should appear at 368 1/2 to 366 1/4 then 362 1/2 to 361 1/4 and the 356 1/4 to 355 1/4 region.
Resistance is at 373 3/4 to 374 1/4 and the 379 1/2 to 380 3/4 region.

The Satisfying Softs

December Cocoa
Recommended open BW position, long 1832
Resistance is at 1858 to 1865 and the 1902 to 1909 region.

Support should appear near 1822 to 1808 and the 1780 to 1774 region.

December Coffee
Recommended open BW position, long 5200
Support is near 5140 to 5125 and 5065 to 5035
Resistance should appear near 5200 to 5215 and 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 586 to 582 and 562 to 558.
Resistance should appear near 594 and 601 to 609
BW Traders should go long if a close over 594 occurs.

December Cotton
Recommended open BW position, long 4690
Support should appear near 4650 to 4635 and 4515 to 4505
Resistance is at 4715 and 4775 to 4785.

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

Wed August 14th 2002
7:00 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.