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, Tuesday June 17th 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

" Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable - ranks high. There are certain chances that the most prudent man is justified in taking - chances that he must take if he wishes to be more than a mercantile mollusk--" --Reminiscences of a Stock Operator --

Monday June 16, 2003
4: 15 PM eastern standard time

The ‘Frenzied’ Forex Front

Sept Yen
Support should appear near 8499 to 8484

Resistance the 8560 to 8589 region .

Sept Euro Currency (EC)
Recommended Open position Long 11813
Support should appear at 11747 under that 11690 to 11640 should hold.. BW Traders can buy at 11751 for turn higher and risk a close under 11640 for three days in a row.

Resistance is at 11805 and 11865

Sept Swiss Franc
Recommended open position long 7713
Resistance should appear near 7762 to 7777 and the 7836 to 7864 region. Beyond that a test of 7939 to 7954 is likely.

Support should appear near 7675 and 7637, under that buyers should appear near 7601 to 7589 BW Traders can buy at 7603 and hold for higher prices..

Sept British Pound
Support should appear near 1.6550 to 1.6490 and 1.6420. BW Traders can buy at 1.6552 and risk a close under 1.6412 for three day in a row. Under that buyers should appear near 1.6352 and the 1.6150 to 1.6090 region.

Resistance should appear near 1.6720. and the 1.6890 to 1.6920 region.

BW Traders should go long if a close over 1.6732 occurs.

Sept Canadian Dollar
Recommended open position long at 7410
Support should appear near 7343 to 7328

Resistance is at 7414 to 7428.

Sept Aussie Dollar
Recommended open position long at 6585
Support is at 6591 to 6577

Resistance should appear near 6659 to 6673 region.

BW Traders should go long if a close over 6677 occurs.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9330.5 to 9347 and 9429 to 9447

Support should appear near 9237 and 9156 to 9140

Sept SP500
Recommended open Position Short 996.00
Resistance is at should appear near 1010.10 to 1013.70 then 1018.50 and the 1032.00 to 1036.00 region.

Support should appear near 1005 to 1002.50 and 1000.00

Nasdaq Composite
Resistance should appear near 1689 to 1696 and the 1731 to 1738 region.

Support should appear near 1655 to 1642 and the 1615 to 1609 region.

Sept Mini Nasdaq 100
Resistance should appear near 1268 to 1274 and the 1304 to 1310 region.

Support is at 1238 to 1232 and 1203 to 1192 .

September Ten Year T-Notes
Resistance should appear near 119-23 and 120-04.

Support is at 119-04 and 118-23.. Below that buyers should appear near 118-07 and 117-23.

The Precious Metals

August Gold
Recommended Open Position Long 2 at 371.8 avg

Nearby Support should appear at the 356.3 to 355.3 region .. Below that buyers should appear near the 350.3 to 349.3 region

Resistance is at 361.3 to 362.3 and the 366.3 to 368.4 region.

July Copper
Support should appear near 7585 and 7515 to 7485

Resistance should appear near 7675 to 7690 and the 7765 to 7780 region..

July Silver
Support should appear near 458.5 to 457 and the 451.5 to 450.0 region.

Resistance is at 463.5 to 465.. Beyond that a test of 469.5 to 471.5 is likely.

The Exciting Energies

August Crude Oil
Support should appear near 2937 to 2928 and the 2883 to 2874 region .

Resistance is at 2972 to 2980 and 3036 to 3045

August Unleaded Gas
Support should appear near 8405 to 8390 and 8315 to 8300 ..

Resistance should appear near 8560 to 8590 and the 8760 to 8775 region

August Heating Oil
Resistance is at 7585 to 7605 and the 7760 to 7780 region.

Support should appear near 7430 to 7415 and the 7260 to 7240 region

The Lively Livestock
August Live Cattle
Recommended Open position Long 6762
Support should appear near 6672 to 6657

Resistance is at 6742 to 6757

July Lean Hogs
Recommended Open position Long at 2 at 6752 avg
Nearby Support is at 6672 to 6657 and 6592 to 6577.

Resistance is at 6742 to 6757

July Pork Bellies
Recommended Open position Long 2 at 9500 avg
Support should appear near 9232 and the 9157 to 9137 region.

Resistance is at 9317 to 9317 and 9427 to 9442..

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains
July Soybeans
Recommended Open position Long at 631 1/2
Resistance is at 619 and 625 3/4 to 627

Support should appear near 611 1/4 to 610 1/4 and the 603 1/2 to 602 1/4 region.. BW Traders can buy at 604 3/4 and risk a close under 584 3/4 for three days in a row.

July Soymeal
Recommended open position long at 188.6
Support should appear near the 186.8 to 185.8 region .

Resistance is at 190.2 to 190.9 BW Traders should go long if a close over 191.1 occurs

July Soybean Oil
Resistance should appear near 2219 to 2226.

Support should appear near 2185 to 2170

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

Support is at 237 to 235 1/2

July CBOT Wheat
Support should appear at near 315 3/4 to 314 3/4. Below that support should appear near 310 1/4 to 309 1/4

Resistance is at 319 1/2 to 321 1/2 and the 326 1/4 to 327 region.

The Satisfying Softs

Sept the ‘Monster’ Coffee
Recommended Open BW Position Long 6165
Support is near 6115 to 6100 and the 5880 to 5855 region. .

Resistance should appear near 6335 to 6350

Aggressive BW Traders should go long if a close over 6355 occurs

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

Resistance should appear near 1529 to 1535 and 1569 to 1576 .

October Sugar
Support should appear near 634 to 630 and the 609 to 601 region

Resistance should appear near 656 to 661

December Cotton
Support should appear near 5880 to 5855 and 5805 to 5790

Resistance should appear near 5945 to 5960 , a close over is friendly and augurs for a test of 6100 to 6115

BW Traders should long if a close over 5970 occurs

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

Monday June 16th , 2003
5:15 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.