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 24th 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

Monday June 23rd, 2003
2:00 PM eastern standard time

The ‘Frenzied’ Forex Front

Sept Yen
Support should appear near 8499 to 8484 then 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 8560 to 8589

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 11570 and11640 to 11665

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 1.6550 to 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 1.6646 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 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 6626 and 6659 to 6673

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 9060 then 9140 to 9156 and 9237

Support should appear near 8964 to 8934 and 8871 to 8856

Sept SP500
Recommended open Position Short 996.00
Resistance is at should appear near 982.10 to 983.70 and 992.10 to 993.70

Support should appear near the 973.70 to 970.60 region. A close under is negative and augurs for a test of
964.10 to 962.50 and the 954.20 to 952.60 region.

Nasdaq Composite
Resistance should appear near 1609 to 1615 and 1642 to 1655

Support should appear near 1593 and 1576 to 1569

Sept Mini Nasdaq 100
Resistance should appear near 1203 then 1217.5 and 1232 to 1238.

Support is at 1192 and the 1169 to 1164 region

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

Support is at 118-22 then 118-04 and 117-23

The Precious Metals

August Gold
Recommended Open Position Long 369.5
Support should appear near the 350.3 to 349.3 region.

Resistance should appear near 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 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 2883 to 2874 and the 2829 to 2820 region

Resistance is at 2928 to 2937 and 2972 to 2990.

August Unleaded Gas
Support should appear near 8315 to 8300 and 8225 to 8190

Resistance should appear near 8390 to 8405 and 8485 to 8500

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 7515 to 7485 and 7430 to 7415

The Lively Livestock
August Live Cattle
Support should appear near 6837 to 6812 and 6757 to 6742 .

Resistance is at 6872 and 6907 to 6922

July Lean Hogs
Recommended Open position Long at 2 at 6752 avg
Support is at 6482 and 6432 to 6417

Resistance is at 6507 and 6577 to 6592

July Pork Bellies
Support should appear near 9347 to 9317 and 9237

Resistance is at 9427 to 9447 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
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 241 1/4 to 241 3/4

Support is at 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 304 1/2 to 303 3/4.

Resistance is at 309 1/4 to 310 1/4 and 314 3/4 to 315 3/4.

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 609 to 601

Resistance should appear near 630 to 634

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 23rd , 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.