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 25th 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 24th, 2003
3:00 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 11360 to 11300 region

Resistance is at 11570 and the 11640 to 11665 region

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 to 1.6420. Under that buyers should appear near 1.6352 and the 1.6150 to 1.6090 region.

Resistance should appear near 1.6550 and 1.6646.

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 9140 to 9156 and 9237

Support should appear near 9060 to 9044 then 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 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 119-23 and 120-04

Support is at 119-04 then 118-22 and 118-04 and 117-23

The Precious Metals

August Gold
Recommended Open Position Long 369.5
Support should appear near 344.3 to 342.3

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 7690 and 7765 to 7780.

July Silver
Support should appear near 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 2874 and the 2829 to 2820 region

Resistance is at 2928 to 2937 and 2972 to 2990.

August Unleaded Gas
Support should appear near 8135 to 8120 and 8045 to 8035

Resistance should appear near 8300 to 8315 and 8390 to 8405

August Heating Oil
Resistance is at 7585 to 7605 and the 7765 to 7780 region .

Support should appear near 7485 and 7430 to 7415

The Lively Livestock
August Live Cattle
Support should appear near 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 6577 to 6592

July Pork Bellies
Support should appear near 9237 and 9157 to 9137

Resistance is at 9317 to 9347 and 9427 to 9447.

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains
July Soybeans
Resistance is at 641 3/4 to 643

Support should appear near 633 1/2 and 627 to 625 3/4

July Soymeal
Recommended open Position Long 194.9
Support should appear near the 190.9 to 190.2 region .

Resistance is at 195.3 and 198.2 to 199.6

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 299 to 297 1/4

Resistance is at 309 1/4 to 310 1/4.

The Satisfying Softs

Sept the ‘Monster’ Coffee
Recommended Open BW Position Long 6165
Support is near 5955 to 5945 and 5880 to 5855 .

Resistance should appear near 6025 to 6035 and 6100 to 6115 .

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 5725 then 5655 to 5640 and 5575 to 5555

Resistance should appear near 5790 to 5805 and 5855 to 5880

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 24th , 2003
4:00 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.