Sunday August 25th

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 27th, 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 26th, 2002
3:00 PM e.s.t

The ‘Frenzied’ Forex Front

September Yen
Recommended open BW Position Long at 8543
Support should appear near 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..
BW Traders should go long if a close over 8411 occurs. Stay tuned for Updates

September Euro Currency (EC)
Support should appear at 9641 to 9625 and 9584. Below that buyers should appear near 9445 to 9429
and the 9347 to 9316 region.

Resistance is at 9737 A close over is friendly and augurs for a test of 9921 to 9937
BW Traders should go long if a close over 9343 occurs

Stay tuned for Updates

September Swiss Franc
Resistance should appear near 6659 to 6673 and 6707
Support should appear near 6591 to 6577 region and 6509 to 6483

BW Traders should go long if a close over 6632 occurs

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 1.5690 to 1.5760 region.. A close over is friendly and augurs for a test of 160.90 to 161.50.
BW Traders should go long if a close over 1.5358 occurs.

September Canadian Dollar
Support should appear at 6383 and 6350 to 6337. Under that 6270 to 6257 should hold.
BW Traders can buy at 6273 and risk a close under 6162 for three days in a row.
Resistance is at 6430 and the 6484 to 6509 region.

September Aussie Dollar
Support is at 5418 and 5356 to 5344. BW . Traders can buy at 5361 and risk a close under
5339 for three days in a row. Under that buyers should appear near 5282 to 5259
Resistance is at 5430, beyond that sellers should appear near 5492 to 5504
BW Traders should go long if a close over 5434 occurs.

The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Nearby Resistance should appear near 8934 to 8964 and the 9044 to 9060 region . Beyond that sellers should appear near 9140 to 9156
Nearby Support should appear near 8871 to 8856 and 8777 to 8762

September SP500
Recommended open position short at 885
Resistance is at 952.6o to 954.20 and 962.50 to 964.10..Beyond that sellers should appear near 992.10 to 993.70 Aggressive BW Traders can sell at 991.90 and Risk a close over 993.90 for three days in a row.
Support should appear near 944.50 to 942.90 and the 934.70 to 931.60 region .An extended trade under augurs for a test of 923.60 and eventually the 915.60 to 914.00 region. .

Nasdaq Composite
Resistance is at 1399 and the 1415 to 1421 region. Beyond that sellers should appear near 1453 to 1459
Support should appear near 1383 to 1377 and 1346 to 1334 .

September Mini Nasdaq 100
Resistance is at 1018.5 and 1032 to 1036 .. A close over is friendly and augurs for a test of the 1058 to 1068 region.
Support is at 1005 to 1000 and 993.75 to 932.00, a close under is negative and augurs for a test of 973.50 to 970.50 and eventually the 954.5 to 952.50 region.

Sept 10 Year T-Note
Resistance should appear near 112-23 then 113-07
Support is at 112-04 and 111-23

Precious Metals

December Gold
Recommended open BW position , long 2 at 313.5 avg
Support should appear at 309.2 and 304.5 to 303.6 Under that 299.00 to 297.2 should hold
Resistance is at the 314.8 to 315.7 region .

December Copper
Support should appear near the 6920 to 6905 and 6835 to 6805
Resistance should appear near 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.

December Silver
Support should appear near 445 to 443.5 under that 438.5 to 437 should contain .. However a close under
437 is negative and augurs for a test of 425 to 423.. below that buyers should appear near 412 to 411
BW Traders can buy at 412.5 and risk a close under 404 for three days in a row..

Resistance is at 450.5 to 451.5, a close over is friendly and augurs for a test of 463.5 to 465 .
BW Traders should go long if a close over 451.5 occurs. .

The Exciting Energies
October Crude Oil
Recommended open BW position , long at 2928
Support should appear near 2883 to 2874 and 2829 to 2820
Resistance is at 2937 and the 2972 to 2990 region .. Beyond that a test of 3036 to 3045 is likely..

October Natural Gas
Resistance is at 3.736 to 3.743 and the 3.858 to 3.867 region.
Support is at 3.623 to 3.611 and 3.503 to 3.493

October Unleaded Gas
Recommended open BW position , long at 7960
Support should appear near 7865 to 7835 and 7780 to 7765 then 7690 to 7675 and the 7605 to 7585 region. . Below that support is at 7515 to 7485 . BW Traders can buy at 7520 and hold for higher prices .. Resistance is at 8025 to 8045 .. Beyond that sellers should appear near 8300 to 8315.. .

October Heating Oil
Recommended open BW position , long at 7635
Resistance is at 7765 to 7780 and the 7835 to 7865 region. Beyond that sellers should appear near
8115 to 8135..
Support should appear near 7605 to 7585 then 7515 to7485. Below that buyers should appear near 7430 to 7415 and 7345 to 7325.. BW Traders can buy at 7355 and risk a close under
7135 for three days in a row. .

The Lively Livestock

October Live Cattle
Recommended open BW position , Short at 6737
Nearby Support should appear near 6670 to 6655 and the 6590 to 6570 region.. BW Traders can buy at 6592 for a bounce and risk a close under 6477 for three days in a row..
Resistance is at 6742 to 6757 , Beyond that sellers should appear near the 6807 to 6837 region and cap a rally..

October Hogs
Support is at 3262.. Below that buyers should appear near 3157 to 3147..Under that buyers should appear near 3047 to 3037 and the 2997 to 2972 region . BW Traders can buy at 3047 for a good turn higher and hold for higher prices..
Resistance is at 3317 to 3327 and 3422 to 3447

February Pork Bellies
Support should appear at 6037 to 6022 and the 5957 to 5942 region .. Below that buyers should appear near 5882 to 5852 and the 5777 to 5752 region. BW Traders can buy at 5782 and hold for higher prices.

Resistance is at 6102 to 6112, a close over is friendly and augurs for a test of 6337 to 6352
Aggressive BW Traders should go long if a close over 6122 occurs.

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains
November Soybeans
Recommended Open position Long at 552 3/4
Resistance is at 541 3/4 to 543 ,a close over is friendly and augurs for a test of 549 to 550 1/2 and the 555 1/4 to 557 3/4 region..
Support should appear at 535 3/4 to 534 1/2 and 528 3/4 to 525 1/2 .BW Traders can buy at 528 3/4 and risk a close under 511 1/4 for three days in a row. BW Traders should go long if a close over 543 1/4 occurs.

December Soymeal
Support should appear near 168.9 and 165.5 to 164.2 and 161.5 to 160.90 which should contain a decline for a bit.. BW Traders can buy at 165.8 and risk a close under 160.7 for three days in a row. Resistance is at 168.9 to 169.6, a close over is friendly and augurs for a test of 173.1 to 173.8 and 180.8 to 182.2 Beyond that a test of 185.8 to 186.5 is likely.

BW Traders should go long if a close over 169.8 occurs.

December Soybean Oil
Resistance is near 2126 to 2134
Support should appear near 2088 to 2080 .. below that buyers should appear near 2042 to 2034..
BW Traders can buy at 2045 and risk a close under 1978 for three days in a row.

BW Traders should go long if a close over 2137 occurs.

Dec 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 3/4. BW Traders can buy at 272 1/4 and stay tuned BW Traders should go long if a close over 277 3/4 occurs.

- Stay tuned for Updates -

December Wheat
Recommended Open position Long 2 at 364 avg
Support should appear at 362 1/4 to 361 1/4 and 356 1/4 to 355 1/4
Resistance is at the 366 1/4 to 368 1/2 region. A close over is friendly and augurs for a test of 373 3/4 to 374 1/2 , beyond that resistance is at 379 1/2 to 380 3/4 .

The Satisfying Softs

December Cocoa
Resistance is at 1946 to 1958 and 1982 to 1996..

Support should appear near 1909 to1902… Below that buyers should appear near 1865 to 1859 and the 1822 to 1808 region...BW Traders can buy at 1868 and risk a close under 1803 for three days in a row. BW Traders should go long if a close over 1971 occurs.

December Coffee
Recommended Open position Long 2 at 5135 avg
Support is near 5035 and 4930 to 4915 then 4715 to 4695
Resistance should appear near 5125 to 5140 and 5200 to 5215. A close over is friendly and augurs for a test of 5345 to 5355.

BW Traders should go long if a close over 5220 occurs.

-Stay tuned for updates-

October Sugar
Support should appear near 571and 562 to 558.
Resistance should appear near 582 to 586 and 601 to 609.
BW Traders should go long if a close over 589 occurs.

December Cotton
Recommended Open position Long at 4690
Support should appear near 4445 to 4425 and the 4380 to 4370 region.
Resistance is at 4505 to 4515 and 4570 to 4585

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 26th , 2002
4:00 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.