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 20th, 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
Sunday Night : "Not for Widows and Orphans" Radio Show

Description of Services Premier Service

Monday August 19th, 2002
3:45 PM e.s.t

The ‘Frenzied’ Forex Front

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

September Euro Currency (EC)
Support should appear at 9737 to 9706 and 9673
Resistance is at 9779 and 9821 to 9837

September Swiss Franc
Resistance should appear near 6707 and 6741 to 6755.
Support should appear near 6659 and 6626
.
September British Pound
Support should appear near 1.5226 then 1.5172
Resistance is at 1.5290 to 1.5350 , a close over is friendly and augurs for a test of 1.5510

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

September Aussie Dollar
Support is at 5356 to 5344 .
Resistance is at 5417 to 5430

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9044 to 9060 and the 9140 to 9156 region.
Support should appear near 8964 to 8934, under that 871 to 8856 should hold.

September SP500
Recommended open BW position, Short 885.00
Resistance is at 952.50 to 954.2 then 962.50 to 964.10 and 970.60 to 973.70
Support should appear near 944.50 to 942.90 and 934.70 to 931.60

Nasdaq Composite
Resistance is at 1396 and 1415 to 1421
Support should appear near 1383 to 1377

September Mini Nasdaq 100
Resistance is at 1032.00 to 1036.00 and 1058 to 1068.
Support is at 1005 to 1000 and 993.50 to 992.00

Sept 10 Year T-Note
Resistance should appear near 112-07 and 112-17
Support is at 111-12 to 111-07 and 110-23.. which should contain a decline for sometime....

                               Precious Metals
December Gold
Recommended open BW position , long at 316.1
Support should appear at 304.5 to 303.6
Resistance is at the 309.1 to 310.2

September Copper
Support should appear near 6755 to 6740 and 6670 to 6655
Resistance should appear near 6805 to 6835 and 6905 to 6920

Sept Silver
Support should appear near 438.5 to 437.
Resistance is at 442.5 to 444.5

                        The Exciting Energies
October Crude Oil
Support should appear near 2829 to 2820 and 2775 to 2758
Resistance is at 2882 , beyond that a test of 2928 to 2937 is likely.

October Natural Gas
Resistance is at 3.328 and the 3.425 to 3.443 region
Support is at 3.270 to 3.261 and 3.157 to 3.148

October Unleaded Gas
Support should appear near 7690 to 7675 and 7515 to 7485
Resistance is at 7760 to 7780 and 7835 to 7865 , a close over augurs for a test of 8025 to 8035 .

October Heating Oil
Recommended open BW position, long 7052
Resistance is at 7415 to 7430 and the 7485 to 7510 region.
Support should appear near 7345 to 7335 and 7255 to 7240 then 7170 to 7140 .

The Lively Livestock

October Live Cattle
Support should appear at 6835 to 6805 and 6757 to 6742
Resistance is at 6907 to 6922

October Hogs
Support is at 3622 to 3612 and the 3562 to 3552 region
Resistance is at 3662 to 3682 and the 3732 to 3742 region.

February Pork Bellies
Support should appear at 6197 to 6165 and 6032 to 6022
Resistance is at 6257 to 6272 and 6337 to 6352.

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains
Sept Soybeans
Resistance is at 571 1/2 to 572 1/2 .
Support should appear at 557 3/4 to 555 1/2

November Soybeans
Recommended open BW position, long 552 3/4
Resistance is at the 555 1/2 to 557 3/4
Support should appear at 535 3/4 to 534 1/2 .

Sept Soybean Meal
Support should appear near 179.0 to 177.4
Resistance is at 180.8 to 182.2

Sept Soybean Oil
Support is near 2088 to 2080
Resistance should appear near the 2126 to 2134 region.

Sept Corn
Resistance should appear near 267 1/2 and 271 3/4 to 272 1/2
Support is at 266 1/4 262 to 261 1/4

Dec Corn
Recommended open BW position, long 272 1/4
Resistance should appear near 282 to 2828 3/4 . .
Support is at 275 3/4 and 272 1/2 to 271 3/4

Sept Wheat
Support should appear at 344 1/4 to 342 1/2 and 338 3/4 to 337 1/2
Resistance is at 350 1/2 and 355 1/2 to 356 1/4.

December Wheat
Recommended open BW position, long 362 3/4
Support should appear at the 356 1/4 to 355 1/4 region and 350 1/2 to 349 1/2
Resistance is at 361 1/4 to 362 1/2 and 366 1/4 to 368 1/4 and 373 3/4 to 374 1/4

The Satisfying Softs

December Cocoa
Resistance is at the 1902 to 1909 region. Beyond that a test of 1947 to 1953 is likely.

Support should appear near 1865 to 1858 and 1822 to 1808.

December Coffee
Recommended open BW position, long 5200
Support is near the 4930 to 4915 region. Under that buyers should appear near the 4715 to 4695 region… BW Traders can buy at 4730 and risk a close under 4620 for three days in a row.

Resistance should appear near 5035 to 5065 and 5125 to 5140

October Sugar
Support should appear near 562 to 558
Resistance should appear near 582 to 586 .

December Cotton
Recommended open BW position, long 4690
Support should appear near 4650 to 4635 and 4585 to 4570
Resistance is at 4695 to 4715 .

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 19th 2002
4:45 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.