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, Wed August 28th, 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

Wed August 28th, 2002
11:00 PM e.s.t

The ‘Frenzied’ Forex Front

September Yen
Recommended open BW Position Long 2 at 8508 avg
Support should appear near 8445 and the 8406 to 8391 which should contain a decline for a bit..
Under that buyers should appear near 8353..
Resistance should appear near the 8484 to 8499 region.. Beyond that a test of 8560 is likely
BW Traders should go long if a close over 8411 occurs. Stay tuned for Updates

September Euro Currency (EC)
Recommended open BW Position Long 9824
Support should appear at 9779 and the 9737 to 9707 region.
Resistance is at 9821 to 9837.. A close over is friendly and augurs for a test of 9921 to 9937

Stay tuned for Updates

September Swiss Franc
Recommended open BW Position Long 6704
Resistance should appear near 6707 , beyond0 that a trade towards the 96741 to 6755 region is likely.
Support should appear near 6673 to 6659 and the 6591 to 6577 region

September British Pound
Support should appear near 1.5290 and 1.5226
Resistance is at 1.5350 and the 1.5690 to 1.5760 region..
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
Recommended open BW Position Long 5535
Support is at 5504 to 5492. Under that buyers should appear near 5430 to 5418
Resistance is at 5430, beyond that sellers should appear near 5492 to 5504

The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 8856 to 8871 and 8934 to 8964
Support should appear near 8777 to 8762 and the 8683 to 8668 region

September SP500
Recommended open position short at 885
Resistance is at 938.50 and the 942.90 to 944.50 region .
Support should appear near 931.60...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 1361.5 and the 1377 to 1383 region.
Support should appear near 1383 to 1377 and 1346 to 1334 .

September Mini Nasdaq 100
Resistance is at 992.00 to 993.50 and the 1000 to 1005 region.
Support is at 973.50 to 970.50 and 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 310.2 to 309.2 and 304.5 to 303.6
Resistance is at the 314.8 to 315.7 region. Beyond that sellers should appear near 319.4 to 321.3

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
Recommended open BW Position Long at 453
Support should appear near 451.5 to 450.5 under that 4444.5 to 442.5 should contain ..
Resistance is at 457.5 to 458 and 463.5 to 465 .

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 2928 to 2937 and the 2972 to 2990 region ..

October Natural Gas
Resistance is at 3.493 to 3.503 and the 3.611 to 3.623 region.
Support is at 3.443 to 3.425 and 3.386 to 3.377

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 7675 to 7690 and 7765 to 7780 ..
Support should appear near 7605 to 7585 then 7515 to7485.

The Lively Livestock

October Live Cattle
Recommended open BW position , Short at 6737
Nearby Support should appear near 6672 to 6657 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 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 3257 to 3272

February Pork Bellies
Recommended open BW Position Long at 6207
Support should appear at 6192 to 6162 and the 6112 to 6102 region ...
Resistance is at 6257 to 6272 and 6337 to 6352
-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains
November Soybeans
Recommended Open position Long 2 at 548 3/4
Resistance is at 549 to 550 1/2 and the 555 1/4 to 557 3/4 region..
Support should appear at 543 to 541 3/4 and 535 3/4 to 534 1/2.

December Soymeal
Recommended open BW Position Long 170.7
Support should appear near 169.6 to 168.9 and 165.5 to 164.2 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 173.1 to 173.8

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
Recommended open BW Position Long 272 1/4
Resistance should appear near 275 3/4 to 277 1/2
Support is at 272 1/2 to 271 3/4 and 267 1/2 to 266 3/4.

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 363 3/4 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. .

The Satisfying Softs

December Cocoa
Resistance is at 1982 to 1996..
Support should appear near 19532 to 1946 and 1909 to1902.
BW Traders should go long if a close over 1971 occurs.

December Coffee
Recommended Open position Long 2 at 5135 avg
Support is near 5065 to 5030 and 4995 to 4975
Resistance should appear near 5125 to 5140 and 5200 to 5215.

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

-Stay tuned for updates-

October Sugar
Recommended open BW Position Long at 599
Support should appear near 586 to 582 and 571.
Resistance should appear near 601 to 609.

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

Wed August 28th , 2002
3:30 AM 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.