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, Friday June 20th 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

Thursday June 19th, 2003
2: 00 PM eastern standard time

The ‘Frenzied’ Forex Front

Sept Yen
Support should appear near 8445 and 8406 to 839.
BW Traders Can buy at 8407 for a bounce and risk a close under 8387 for three days in a row

Resistance should appear near 8484 to 8499.

Sept Euro Currency (EC)
Recommended Open position Long 2 at 11782 avg
Support should appear at 11665 to 11640 and 11570
Resistance is at 11690 then 11747 and 11805

Sept Swiss Franc
Recommended open position long 2 at 7658 avg
Resistance should appear near 7675 to 7689

Support should appear near 7601 to 7587 and 7551.

Sept British Pound
Recommended open position long 16742
Support should appear near 1.6646 then 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.

Sept Canadian Dollar
Support should appear near 7343 to 7328

Resistance is at 7414 to 7428.

Sept Aussie Dollar
Support is at 6628 and 6591 to 6577

Resistance should appear near 6659 to 6673 and the 6741 to 6755 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 9237 then 9316 to 9347 and 9429 to 9447

Support should appear near 9156 to 9140 and 9060 to 9044

Sept SP500
Recommended open Position Short 996.00
Resistance is at should appear near 1002.50 to 1005 and 1010.10 to 1013.70.

Support should appear near 993.70 to 992.10 and the 983.70 to 982.10 region

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 118-23 and 119-07.

Support is at 118-07 and 117-23

The Precious Metals

August Gold
Recommended Open Position Long 369.5
Support should appear at 356.3 to 355.3

Resistance should appear near 362.3 and the 366.3 to 368.2 region.

July Copper
Recommended open position Short 7830
Support should appear near 7780 to 7765 and 7690 to 7675

Resistance should appear near 7835 to 7865 and the 7940 to 7955 region.

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

Resistance is at 457 to 458.5 and 463.5 to 465

The Exciting Energies

August Crude Oil
Support should appear near 2829 to 2820 and 2775 to 2758.

Resistance is at 2874 to 2883 and 2928 to 2937

August Unleaded Gas
Support should appear near 8135 to 8115 and 8045 to 8025

Resistance should appear near 8300 to 8315 and 8390 to 8405

August Heating Oil
Resistance is at 7485 to 7515 and 7585 to 7605.

Support should appear near 7415 then 7260 to 7240 and the 7170 to 7140 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 6592 to 6577 and 6512 to 6482

Resistance is at 6657 to 6672 and 6742 to 6757

July Pork Bellies
Recommended Open position Long 9352
Support should appear near 9347 to 9317 and 9232.

Resistance is at 9427 to 9442 and 9527 to 9542

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 1/4 to 610 1/4.. below that the 603 1/2 to 602 1/4 region should hold .. 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 2315 to 2322 and 2354 to 2370

Support should appear near 2275 to 2267 and 2226 to 2219

July Corn
Recommended Open position Long 241 3/4
Resistance should appear near the 246 1/4 to 246 3/4 region

Support is at 241 3/4 to 241 1/4 and 237 to 235 1/2

BW Traders should go long if a close over 247 1/4 occurs.

July CBOT Wheat
Support should appear at 314 3/4 and 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 5880 to 5855 then 5805 to 5790 and the 5730 to 5715 region.

Resistance should appear near 5945 to 5955 and the 6025 to 6035 region.

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

Sept Cocoa
Support is at 1484 and the 1459 to 1453 region.

Resistance should appear near 1529 to 1535.

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

Thursday June 19th , 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.