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, Thursday June 26th 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

Wed June 25th, 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 11500 then 11430 and the 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 1.6552
Support should appear near 1.6550 and 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 1.6646.and 1.6720

Sept Canadian Dollar
Support should appear near 7342 to 7328 and 7255 to 7242

Resistance is at 7414 to 7428

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

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 9040 to 9060 then 9140 to 9156 and 9237

Support should appear near 8964 to 8934 and 8871 to 8856

Sept SP500
Resistance is at should appear near 982.1o 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 118-23 and 119-07

Support is at 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 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 2990 to 2974 and 2937 to 2928

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

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 7835 to 7865 and 8025 to 8045 .

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

The Lively Livestock
August Live Cattle
Support should appear near 6922 to 6912 and 6837 to 6807.

Resistance is at 6992 to 7002

July Lean Hogs
Recommended Open position Long at 2 at 6752 avg
Support is at 6432 to 6417 and 6352 to 6332

Resistance is at 6482 to 6507 and 6577 to 6592

July Pork Bellies
Support should appear near 9157 to 9137 and 9062 to 9047

Resistance is at 9237 then 9317 to 9347 and 9427 to 9447.

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains
July Soybeans
Resistance is at 643 and 648 1/4 to 640 1/2

Support should appear near 635 to 633 3/4 and 627 to 625 3/4

August Soymeal
Recommended open Position Long 195.3
Support should appear near the 190.9 to 190.2 region .

Resistance is at 198.2 to 199.6

July Soybean Oil
Resistance should appear near 2267 to 2275

Support should appear near 2226 to 2219

Dec Corn
Recommended Open position Long 235 1/4
Resistance should appear near 237 and 241 1/4 to 241 3/4

Support is at 232 1/4 to 231 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 5855 and 5655 to 5640 .

Resistance should appear near 5940 to 5955 and 6025 to 6035 .

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

Resistance should appear near 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 5955 and the 6025 to 6035 region
BW Traders should go 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

Wed June 25th , 2003
3:55 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.