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 Sept 3rd, 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

A lot of people approach risk as if it’s the enemy, when it’s really fortunes accomplice.

Monday September 2nd, 2002
1:30 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 region, 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.. Stay tuned

September Euro Currency (EC)
Support should appear at 9837 to 9821 then 9779 and the 9737 to 9707 region.
Resistance is at 9879 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 , beyond 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
Recommended open BW Position Long 1.5468
Support should appear near 1.5426 and 1.5350 to 1.5290
Resistance is at 1.5512 and the 1.5690 to 1.5760 region..

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 a 6430 then 6453 and the 6483 to 6509 region.

September Aussie Dollar
Recommended open BW Position Long 5535
Support is at 5504 to 5492 and 5463.. Under that buyers should appear near 5430 to 5418
Resistance is at 5530 and 5553 to 5577

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8668 to 8683 then 8762 to 8777 then 8856 to 8871 and 8934 to 8964
Support should appear near the 8589 to 8560 region .. Below that a test of 8499 to 8484 is likely.

September SP500
Recommended open position short at 885
Resistance is at 914.00 to 915.60 then 923.60 and 931.4 to 934.7. Beyond that sellers should appear near the 942.90 to 944.50 region .
Support should appear near 906.00 to 904.40..Under that buyers should emerge near 896.4 to 893.4
and the 887.10 to 885.60 region

Nasdaq Composite
Resistance is at 1321.5 then 1340 to 1346 and the 1377 to 1383 region
Support should appear near 1321.5 then 1310 to 1304 and 1289.

September Mini Nasdaq 100
Resistance is at 942.50 to 944.50 then 952.5 to 954.5 and the 962.50 to 964.00 region.
Beyond that sellers should appear near 970.50 to 973.50 and the 982.00 to 984.00 region
Support is at 934.50 to 931.50 and 923.50.. Below that buyers should appear near
the 915.50 to 914.00 region.

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

                            Precious Metals
December Gold
Recommended open BW position , long 2 at 313.5 avg
Support should appear at 312.50 and 310.2 to 309.2
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 444.5 to 442.5 and 438.5 to 437.0
Resistance is at 450 to 451.5 and 457.5 to 458 .

                        The Exciting Energies
October Crude Oil
Recommended open BW position , long at 2928
Support should appear near 2883 to 2874 then 2829 to 2820 and the 2775 to 2758 region
Resistance is at 2928 to 2937 and the 2972 to 2990 region.

October Natural Gas
Resistance is at 3.319 to 3.328 and 3.377 to 3.386
Support is at 3.270 to 3.261 then 3.213 to 3.194 and 3.102 to 3.092… BW Traders can buy at 3.105 and hold for higher prices..

October Unleaded Gas
Recommended open BW position , long at 7960
Support should appear near 7865 to 7835 then 7780 to 7765 and 7690 to 7675.
Resistance is at 7940 to 7955 and the 8115 to 8130 region.

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 and 7515 to7485. and 7430 to 7415

The Lively Livestock

October Live Cattle
Recommended open BW position , Short at 6737
Nearby Support should appear near 6707 and 6672 to 6657.
Resistance is at 6742 to 6757 , Beyond that sellers should appear near |
the 6807 to 6837 region and cap a rally..

October Hogs
Recommended Open position Long at 3047
Support is at 3047 to 3037 and the 2997 to 2972 region.
Resistance is at 3102 and 3147 to 3157

February Pork Bellies
Recommended open BW Position Long at 6207
Support should appear at 6167 then 6112 to 6102 and the 6037 to 6022 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 .
Support should appear at 543 to 541 1/2 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 171.40 and 173.1 to 173.8

December Soybean Oil
Recommended open BW Position Long 2045
Resistance is near2080 to 2088.. Beyond that a test of 2126 to 2134 is likely.
Support should appear near 2042 to 2034 and 1996 to 1982

Dec Corn
Recommended open BW Position Long 272 1/4
Resistance should appear near 269 1/4 and the 271 3/4 to 272 1/2 region.
Support is at 2671/4 to 266 1/4 and 262 to 261 1/4

December Wheat
Recommended Open position Long 2 at 363 3/4 avg
Support should appear at 368 1/2 to 366 1/4 and 362 1/4 to 361 1/4
Resistance is at 373 1/2 to 374 1/2, beyond that a test of 379 1/2 to 380 3/4 is likely.

The Satisfying Softs

December Cocoa
Recommended Open position Long at 1984
Resistance is at 2034 to 2042
Support should appear near 1996 to 1982 and 1953 to1946.

December Coffee
Recommended Open position Long at 5265
Support is near 5385 to 5260 then 5220 to 5200 and 5140 to 5125
Resistance should appear near 5345 to 5355 and 5415 to 5430.

-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 and 619

December Cotton
Recommended Open position Long 2 at 4690
Support should appear near 4635 and 4590 to 4570.
Resistance is at 4795 to 4715 and 4775 to 4785

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, September 2nd , 2002
2:30 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.