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, Monday June 23rd 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

Sunday June 22nd, 2003
6:00 AM eastern standard time

The ‘Frenzied’ Forex Front

Sept Yen
Support should appear near 8445 and 8406 to 8391.
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... Beyond that a test of 8560 to 8589 is likely.

Sept Euro Currency (EC)
Recommended Open position Long 2 at 11782 avg
Support should appear at 11500 and the 11360 to 11300 region

Resistance is at 11575 then 11640 to 11690 and 11747

Sept Swiss Franc
Recommended open position long 2 at 7658 avg
Resistance should appear near 7587 to 7601 and 7675 to 7689

Support should appear near 7513 to 7487 and 7428 to 7414

Sept British Pound
Recommended open position long 2 at 1.6648 avg
Support should appear near 1.6490 and 1.6420. Under that buyers should appear near 1.6352 and the 1.6150 to 1.6090 region.

Resistance should appear near 1.6550 then 1.6646 and 1.6720.

Sept Canadian Dollar
Support should appear near 7255 to 7242

Resistance is at 7328 to 7342

Sept Aussie Dollar
Support is at 6591 to 6577 and the 6509 to 6483 region. BW Traders can buy at 6512 and risk a close under 6451 for three days in a row…

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 992.10 to 993.70 and the 1002.50 to 1005 region. Beyond that sellers should appear near 1010.10 to 1013.70.then 1018.50 and the 1032 to 1036 region.

Support should appear near 983.70 to 982.10 and the 973.70 to 970.60 region.

Nasdaq Composite
Resistance should appear near 1655 then 1672 and1689 to 1696.. Beyond that sellers should appear near the 1731 to 1738 region.

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

Sept Mini Nasdaq 100
Resistance should appear near 1232 to 1238 t hen 1268 to 1274 and the 1304 to 1310 region.

Support is at 1203 to 1192 and the 1169 to 1164 region

September Ten Year T-Notes
Resistance should appear near 118-23 and 119-07.

Support is at 117-23 and 117-07, below that 116-23 should hold

The Precious Metals

August Gold
Recommended Open Position Long 369.5
Support should appear at 356.3 to 355.3 and the 350.3 to 349.3 region.

Resistance should appear near 361.3 to 362.3 and the 366.3 to 368.2 region.

July Copper
Recommended open position Short 7830
Support should appear near7690 to 7675 and the 7605 to 7585 region

Resistance should appear near 7765 to 7780 then 7835 to 7865 and the 7940 to 7955 region.

July Silver
Support should appear near 451.5 to 450.0 Below that buyers should appear near 444.5 to 442.5..
BW Traders can buy at 445.5 and hold for higher prices

Resistance is at 457 to 458.5 and 463.5 to 465

The Exciting Energies

August Crude Oil
Support should appear near 2937 to 2928 then 2883 to 2874 and the 2829 to 2820 region

Resistance is at 2972 to 2990 then 3036 to 3045 and the 3092 to 3102 region.

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

Resistance should appear near 8485 to 8500 and the 8760 to 8775 region

August Heating Oil
Resistance is at 7675 to 7690 and the 7765 to 7780 region .. Beyond that a test of 7835 to 7865 is likely.

Support should appear near 7605 to 7585 and 7430 to 7415

The Lively Livestock
August Live Cattle
Recommended Open position Long 6762
Support should appear near 6742 and the 6672 to 6657 region.

Resistance is at 6807 to 6837 and 6872

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
Support should appear near 9442 to 9427 then 9347 to 9317 and 9237

Resistance is at 9527 to 9542 and the 9622 to 9642 region. Beyond that a test of 9707 to 9737 is likely.

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 190.9 and the 194.6 to 195.3 region

BW Traders should go long if a close over 191.1 occurs

July Soybean Oil
Resistance should appear near 2267 to 2275

Support should appear near 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 310 1/4 to 309 1/4 and the 304 1/2 to 303 3/4 region which should contain a decline for a bit..

Resistance is at 314 3/4 to 315 3/4 and the 319 1/2 to 321 1/2 region.

The Satisfying Softs

Sept the ‘Monster’ Coffee
Recommended Open BW Position Long 6165
Support is near 5805 to 5790 and the 5730 to 5715 region.

Resistance should appear near 5855 to 5880 and 5945 to 5955.

Sept Cocoa
Support is at 1535 to 1529 then 1496 to 1484 and the 1459 to 1453 region.

Resistance should appear near 1569 to 1576 and the 1609 to 1615 region. .

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

Sunday June 22nd , 2003
8:00 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.