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, Wed August 21st, 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

Tuesday August 20th, 2002
8:45 PM e.s.t

The ‘Frenzied’ Forex Front

September Yen
Recommended open BW position, long 8543
Support should appear near 8445 and 8406 to 8391
Resistance should appear near 8484 to 8499, beyond that a test of 8560 to 8589 is likely..

September Euro Currency (EC)
Support should appear at 9779 and 9737 to 9706
Resistance is at 9821 to 9837 , an extended trade over augurs for a test of 9921 to 9937..

September Swiss Franc
Resistance should appear near 6707 and 6741 to 6755.
Support should appear near 6673 to 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 5440 to 5417 .
Resistance is at 5492 to 5504

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8934 to 8964 and 9044 to 9060, beyond that
9140 to 9156 should cap a rally..

Support should appear near 8871 to 8856, an extended trade under augurs for a test of the 8777 to 8762 region and more likely 8683 to 8668..

September SP500
Recommended open BW position, Short 885.00
Resistance is at 942.90 to 944.50 and 952.50 to 954.2 , beyond that sellers should appear near 962.50 to 964.10 and 970.60 to 973.70
Support should appear near 934.70 to 931.60.. Under that buyers should appear near 923.60

Nasdaq Composite
Resistance is at 1377 to 1383 then 1396 and 1415 to 1421
Support should appear near 1361.50 and 1346 to 1334

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 113-07 and 113-23
Support is at 112-17 and 112-07 under that 111-23 should contain a decline for sometime.

                               Precious Metals
December Gold
Recommended open BW position , long at 316.1
Support should appear at 310.2 to 390.2 and 304.5 to 303.6
Resistance is at the 314.8 to 315.7

September Copper
Support should appear near 6835 to 6805 and 6755 to 6740
Resistance should appear near 6905 to 6920 and 6990 to 7005

Sept Silver
Support should appear near 444.5 to 442.5 and 438.5 to 437.
Resistance is at 450.5 to 451.5. Beyond that a test of 457 to 458.5 is likely

                        The Exciting Energies
October Crude Oil
Support should appear near 2829 to 2820 and 2775 to 2758
Resistance is at 2874 to 2883 , beyond that a test of 2928 to 2937 is likely.

October Natural Gas
Resistance is at 3.194 to 3.213 and 3.261 to 3.270
Support is at 3.157 to 3.148 and 3.102 to 3.092

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 6757 to 6742 and the 6672 to 6657 region
Resistance is at 6807 to 6837 and 6872

October Hogs
Support is at 3387 to 3377 and 3272 to 3262
Resistance is at 3492 to 3502 and the 3552 to 3562 region.

February Pork Bellies
Support should appear at 5882 to 5852 and 508 to 5792
Resistance is at 6022 to 6037 and 6102 to 6117

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

Sept Soybeans
Resistance is at the 555 1/2 to 557 1/4.. Beyond that sellers should appear near 571 1/2 to 572 1/2
Support should appear at 543 to 541 3/4 then 528 1/2 to 525 3/4 and 521 1/4 to 520. BW Traders can buy at 521 ¾ and risk a close under 503 ¼ for three days in a row.

November Soybeans
Recommended open BW position, long 552 3/4

Resistance is at the 534 1/2 to 535 3/4 and 549 to 550 1/2 .
Support should appear at 521 1/4 to 520 and 514 to 512 1/2 .BW Traders can buy at 512 3/4 and risk a close under 503 1/4 for three days in a row.

Sept Soybean Meal
Support should appear near 173.8 to 173.1 and 169.6 to 168.9 which should contain a decline for a bit.. BW Traders can buy at 169.8 and risk a close under 168.7 for three days in a row.
Resistance is at 177.4 to 178.0 and 180.8 to 182.2

Sept Soybean Oil
Support is near 2042 to 2034
Resistance should appear near the 2080 to 2088 region.

Sept Corn
Resistance should appear near 261 1/4 to 262
Support is at 256 3/4 to 255 1/4

Dec Corn
Resistance should appear near 271 3/4 to 272 1/2 . .
Support is at 267 1/4 to 266 3/4

Sept Wheat
Support should appear at 332 3/4 to 331 3/4 and 327 to 326 1/2 under that buyers should appear near
321 1/4 to 319 1/2. BW Traders can buy at 321 3/4 and risk a close under 314 1/4 for three days in a row.
Resistance is at 342 1/2 to 344 1/4

December Wheat
Recommended open BW position, long 362 3/4
Support should appear at 350 1/2 to 349 1/2 and 344 1/2 to 342 1/2
Resistance is at 355 1/4 to 356 1/2

The Satisfying Softs

December Cocoa
Resistance is at 1947 to 1953.

Support should appear near 1909 to 1902 and 1865 to 1858.

December Coffee
Recommended open BW position, long 5200
Support is near the 4995 to 4975 and 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 5065 and 5125 to 5140, beyond that a test of 5200 to 5210 is likely.

October Sugar
Support should appear near 571 and 562 to 558
Resistance should appear near 582 to 586 then 594 and 601 to 609

December Cotton
Recommended open BW position, long 4690
Support should appear near 4445 to 4425 and 4380 to 4370
Resistance is at 4570 to 4585 .

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

Tuesday August 20th 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.