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, Friday August 23rd, 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

Thursday August 22nd, 2002
4:00 PM e.s.t

The ‘Frenzied’ Forex Front

September Yen
Recommended open BW position, long 8543
Support should appear near the 8314 to 8300 region..A close under 8300 is negative and augurs for a test of 8223 to 8194 and the 8134 to 8119 region…. Which should contain a decline for a bit.. BW Traders can buy at 8137 for a bounce and risk a close under 8023 for three days in a row.
Resistance should appear near 8391 to 8406 and the 8484 to 8499 region.. A close over 8499 is friendly and augurs for a test of 8560 to 8589, beyond that sellers should appear near 8668 to 8683.

September Euro Currency (EC)
Support should appear at 9641 to 9625 and 9584.
Resistance is at 9706 to 9737

September Swiss Franc
Resistance should appear near 6591 then 6659 to 6673 and 6707.,
Support should appear near 6577 and 6509 to 6483.
.
September British Pound
Support should appear near 1.5126 and 1.4960 to 1.4840 BW Traders can buy at 1.4968 for a turn higher and hold for higher prices.. Below that support should appear near 1.4712
Resistance is at 1.5290 to 1.5350 and the 1.56.90 to 1.5760 region.

September Canadian Dollar
Support should appear at 6382 and 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 9140 to 9156 and the 9316 to 9347 region ..
Support should appear near 9044 and 9002 and 8964 to 8934

September SP500
Recommended open BW position, Short 885.00
Resistance is at the 962.50 to 964.2 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 958.40 and 954.20 to 952.6 0

Nasdaq Composite
Resistance is at 1437 and the 1453 to 1459 region.
Support should appear near 1421 to 1415

September Mini Nasdaq 100
Resistance is at 1058 to 1068 and 1082
Support is at 1047.5 and 1036 to 1032

Sept 10 Year T-Note
Resistance should appear near 112-04 and 112-23
Support is at 111-23 and 111-04 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 309.2 to 310.2

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 and 457 to 458.5

                        The Exciting Energies
October Crude Oil
Support should appear near 2829 to 2820
Resistance is at 2874 to 2883 and 2928 to 2937

October Natural Gas
Resistance is at 3.613 to 3.623 and 3.755 to 3.806
Support is at 3.503 to 3.494 and 3.386 to 3.377

October Unleaded Gas
Support should appear near 7690 to 7675 and 7605 to 7585 then 7515 to 7485
and the 7345 to 7325 region.
Resistance is at 7765 to 7780 then 7835 to 7865 and 7935 to 7955

October Heating Oil
Resistance is at 7585 to 7605 and 7675 to 7690 then 7760 to 7780 .
Support should appear near 7515 to 7485 and the 7430 to 7415 region .

The Lively Livestock

October Live Cattle
Support should appear at 6757 to 6742
Resistance is at 6837 and 6872

October Hogs
Support is at 3492 and 3442 to 3422
Resistance is at 3552 to 3562.

February Pork Bellies
Support should appear at 6037 to 6022 and 5957 to 5942
Resistance is at 6102 to 6117 and the 6162 to 6192 region.

-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 541 3/4 to 543 and 549 to 550 1/2 .
Support should appear at 535 3/4 to 534 1/2 and 521 1/4 to 52...BW Traders can buy at 512 3/4
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 then 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

Sept Soybean Oil
Support is near 2088 to 2080 and 2042 to 2034
Resistance should appear near 2126 to 2134

Sept Corn
Resistance should appear near 261 1/4 to 262 and 266 1/4 to 267 1/2
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 338 3/4 to 337 3/4 and 332 3/4 to 331 3/4 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 the 1982 to 1996 region

Support should appear near 1953 to 1947 and 1909 to 1902

December Coffee
Recommended open BW position, long 5200
Support is near the 5065 to 5035 and 4995 to 4975
Resistance should appear near 5125 to 5140, beyond that a test of 5200 to 5210 is likely.

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

December Cotton
Recommended open BW position, long 4690
Support should appear near 4515 to 4505 and 4445 to 4425
Resistance is at 4570 to 4585 and 4635 to 4650

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

Thursday August 22nd 2002
5:00 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.