FuturesCom Investment Publications Since 1989 Economic and Investment Trend Analysis Since 1979

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 June 11th 2003
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

Tuesday June 10th, 2003
2:00 PM eastern standard time

The ‘Frenzied’ Forex Front

Sept Yen
Support should appear near 8499 to 8484 and 8445
Resistance should appear near 8560 to 8589.

Sept Euro Currency (EC)
Recommended Open position Long 11813
Support should appear near 11640 and 11570, below that 11500 should contain a decline

Resistance is at 11690 then 11747 and 11805

Sept Swiss Franc
Recommended open position long 2 at 7671 avg
Resistance should appear near 7638 and the 7676 to 7689 region

Support should appear near 7601 to 7589 and 7550. Below that buyers should appear near 7513 to 7486.

Sept British Pound
Support should appear near then 1.6352 then 1.6284 and 1.6150 to 1.6090. BW Traders can buy at 1.6168 and risk a close under 1.6076 for three days in a row.

Resistance should appear near 1.6420 and the 1.6488 to 1.6550 region

Sept Canadian Dollar
Recommended open position long at 7410
Support should appear near 7291 and 7255 to 7242. Below that 7170 to 7143 should contain a decline for a bit.

Resistance is at 7328 to 7342 and 7378

Sept Aussie Dollar
Recommended open position long at 6585
Support is at 6509 to 6483 and 6430 to 6417

Resistance should appear near 6577 to 6591

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9044 to 9060 and 9140 to 9156

Support should appear near 8964 to 8934 and 8871 to 8856

June SP500
Recommended open Position Short 970.20
Resistance is at should appear near 982.10 to 983.70 and the 992.10 to 993.70 region.

Support should appear near 973.70 to 970.60 and the 964.10 to 962.50 region

Stay tuned for BW SP500 Updates and Index program trades , while day trades can occur at anytime

Nasdaq Composite
Nearby Resistance should appear near 1615 and 1628

Support should appear near 1609 and 1587 .

June Mini Nasdaq 100
Resistance is at 1232 to 1238

Support should appear near 1202 to1192 and 1180.5

September Ten Year T-Notes
Resistance should appear near 119-23 and 120-07

Support is at 119-04 then 118-23 and 118-04.

The Precious Metals

August Gold
Recommended Open Position Long 2 at 371.8 avg
Support should appear at 350.3 to 349.3

Resistance is at 355.3 to 356.3 .

July Copper
Support should appear near 7605 to 7585 and 7515 to 7485

Resistance should appear near 7675 to 7690 and 7765 to 7780

July Silver
Support should appear near 444.5 to 442.5

Resistance is at 450 to 451.5

The Exciting Energies

July Crude Oil
Support should appear near 3157 to 3148 and 3102 to 3092.

Resistance is at 3194 to 3213 and the 3261 to 3270 region

Trade Accordingly..

July Unleaded Gas
Support should appear near 9155 to 9140 and 8965 to 8935

Resistance is at 9315 to 9345 and 9425 to 9445

July Heating Oil
Resistance is at 7945 to 7955 and the 8025 to 8045

Support should appear near 7865 to 7835 and 7780 to 7765

The Lively Livestock

August Live Cattle
Support should appear near 6922 to 6907

Resistance is at 6992 to 7002 and 7072 to 7987

July Lean Hogs
Recommended Open position Long at 6832
Support is at 6807 then 6757 to 6742 and 6672 to 6657.
BW Traders can buy at 6672 for a bounce and risk a close under 6567 for three days in a row..

Resistance is at 6832 and 6907 to 6922

July Pork Bellies
Recommended Open position Long 2 at 9500 avg
Support should appear near 9157 to 9142 and 9062 to 9047

Resistance is at 9317 to 9347

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains
July Soybeans
Recommended Open position Long at 631 1/2
Resistance is at 633 3/4 to 635 and 641 3/4 to 643

Support should appear near 627 to 625 3/4 then 619 to 616 1/2 and 611 1/2 to 610 1/4

July Soymeal
Recommended open position long at 188.6
Nearby Support should appear near 190.9 to 190.2 and 186.5 to 185.8

Resistance is at 195.3, a close over is friendly and augurs for a test of 198.2 to 199
BW Traders should go long if a close over 195.7 occurs

July Soybean Oil
Resistance should appear near 2267 to 2275

Support should appear near 2226 to 2219 and 2185 to 2170

July Corn
Recommended Open position Long 241 3/4
Resistance should appear near 241 1/4 to 242

Support is at 237 to 235 1/2 and 232 1/4 to 231 3/4

BW Traders should go long if a close over 247 3/4 occurs.

July CBOT Wheat
Support should appear at near 332 3/4 to 331 3/4 and 327 to 326 1/4

Resistance is at 337 3/4 to 338 3/4 and 342 1/2 to 344 1/2

The Satisfying Softs

In the next BW, Analysis will roll to September for coffee and cocoa, October for sugar and December for cotton.
July the ‘Monster’ Coffee
Support is near 5955 to 5945 and 5880 to 5855 ..

Resistance should appear near 6100 to 6115 and 6165 to 6190

September Coffee
Recommended Open Position Long 6165

July Cocoa
Support is at 1496 to 1484 and 1459 to 1453

Resistance should appear near 1529 to 1535 and 1569 to 1576

July Sugar
Support should appear near 661 to 656

Resistance should appear near 682 to 686.

July Cotton
Support should appear near 5280 to 5255 and 5210 to 5200

Resistance should appear near 5345 to 5355 and 5415 to 5430

A Ship in Harbor is Safe.. But that is not what ships are built for –

Happy Trading!
Bill wil@futurescom.com

1-561-433-2995

Tuesday June 10th 2003

3:00 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.