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 July 1st 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 30th, 2003
3:00 PM eastern standard time

The ‘Frenzied’ Forex Front

Sept Yen
Recommended Open Position Long 8407
Support should appear near 8314 to 8300 and the 8223 to 8194 region.

Resistance should appear near 8391 to 8407

Sept Euro Currency (EC)
Recommended Open Position Long 2 at 11610 avg
Support should appear at 11430 and 11360 to 11300. Below that buyers should appear near 11185 and 11010 to 10960

Resistance is at 11500, beyond that sellers should appear near 11570

Sept Swiss Franc
Recommended open position long at 7602
Resistance should appear near 7414 to 7428 and the 7487 to 7513 region..

Nearby Support should appear near 7378 and the 7342 to 7328 region.
Aggressive BW traders should go long if a close over 7433 occurs.

Sept British Pound
Recommended Open Position Long 1.6552
Nearby Support should appear near 1.6420 then 1.6352 and 1.6286.. Below that buyers should appear near 1.6150 to 1.6090.. BW Traders can buy at 1.6158 and risk a close under 1.6076 for three days in a row.

Resistance should appear near 1.6550 region. A close over is friendly and augurs for a test of 1.6720
Trade Accordingly

Sept Canadian Dollar
Recommended Open Position Long 7344
Support should appear near 7342 to 7328

Resistance is at 7414 to 7428
BW Traders should go long if a close over 7432 occurs.

Sept Aussie Dollar
Recommended Open Position Long 6674
Support is at 6673 to 6659 and 6591 to 6577 ..BW Traders can buy at 6592 and risk a close under 6478 for three days in a row…

Resistance should appear near the 6741 to 6755 region.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9044 to 9060 . A close over is friendly and augurs for a test of 9140 to 9156 Beyond that sellers should appear near 9237 and the 9316 to 9347 region.. which should cap a rally for a bit..

Support should appear near 8964 to 8934, an extended trade or close under augurs for a test of 8871 to 8856 and the 8777 to 8762 region.. Below that buyers should appear near 8683 to 8668 and contain a decline …

Sept SP500
Resistance is at should appear near 982.90 to 983.70 then 992.10 to 993.70 and the 1000.to 1005 region.

Nearby Support should appear near 973.60 to 970.60 .. An extended trade or close under is negative and augurs for a test of 964.10 to 962.50 and eventually 952.20 to 952.60..

BW Traders should go short if a close under 970.20 occurs.

Stay tuned for BW SP500 Updates and Index program trades , while day trades can occur at anytime

Nasdaq Composite
Nearby Resistance should appear near 1642 to 1655 and the 1689 to 1696 region.

Support should appear near 1615 to 1609

September Mini Nasdaq 100
Resistance is at 1217.5 and the 1232 to 1238 region.

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

September Ten Year T-Notes
Resistance should appear near 117-23 and 118-04

Support is at 117-04 then 116-23 and 116-07
The Precious Metals

August Gold
Recommended Open Position Long at 369.5
Support should appear at 344.3 to 342.5 and the 338.6 to 337.7 region ..

Resistance is at 349.3 to 350.3

Sept Copper
Recommended Open Position Short 7535
Support should appear near 7515 to 7485 and the 7430 to 7415 region.. Below that buyers should appear near 7345 to 7325

Resistance should appear near 7585 to 7605 and 7675 to 7690 ..

Sept Silver
Support should appear near 451.5 to 450.0

Resistance is at 457 to 458.5 and 463.5 to 465

The Exciting Energies

August Crude Oil
Support should appear near 2990 to 2972 and 2937 to 2928

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

Trade Accordingly..

August Unleaded Gas
Support should appear near 8685 to 8665 and 8590 to 8560 35 region ..

Resistance should appear near 8855 to 8870 then 9045 to 9060 and the 9140 to 9155 region.

August Heating Oil
Resistance is at 7935 to 7955 and the 8025 to 8045 region.

Support should appear near 7775 to 7760 and 7605 to 7585.

The Lively Livestock
August Live Cattle
Support should appear near 6920 to 6907 and the 6837 to 6812 region BW Traders can buy at 6842 and risk a close under 6737 for three days in a row.

Resistance is at 6992 to 7002 and 7072 to 7087..

August Lean Hogs
Support is at the 6352 to 6337 region. Under that buyers should appear near 6272 to 6257

Resistance is at 6417 to 6432 and 6482 to 6512

July Lean Hogs
Recommended Open Position Long 6672

August Pork Bellies
Support should appear near 9157 to 9137 and 9062 to 9042.. Below that buyers should appear near 8967 to 8932 . Well Heeled
BW Traders can buy 8972 and risk a close under 8757 for three days in a row.

Resistance is at 9317 to 9347 and the 9527 to 9542 region.
Aggressive BW Traders should go long if a close over 9352 occurs

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains
August Soybeans
Nearby Resistance is at 616 1/2 to 619 and 625 3/4 to 627

Support should appear near 611 1/4 to 610 1/4 and the 603 1/2 to 602 1/4 region.
BW Traders can buy at 604 ¾ and risk a close under 584 ¾ for three days in a row.

Aggressive BW Traders should go long if a close over 627 3/4 occurs

August Soymeal
Recommended Open Position Long 188.6
Support should appear near the 186.8 to 185.8 region..Below that buyers should appear near 182.2 to 180.8

Resistance is at 190.2 to 190.9

August Soybean Oil
Resistance should appear near 2219 to 2226 and 2275 to 2267
Support should appear near 2185 to 2170 and the 2134 to 2126 region.

December Corn
Resistance should appear near 226 3/4 to 227 1/2

Support is at the 222 3/4 to 221 3/4 region..Below that buyers should appear near 218 1/2 to 217

Sept CBOT Wheat
Support should appear at near 309 1/4 and 304 1/2 to 303 3/4

Resistance is at 314 3/4 to 315 3/4 Beyond that sellers should appear near 319 1/2 to 321 1/4

The Satisfying Softs

September the ‘Monster’ Coffee
Recommended Open BW Position Long 6165
Support is near 6035 to 6025 and the 5880 to 5855 region...

Resistance should appear near 6115 and the 6335 to 6350 region..

Sept Cocoa
Support is at 1615 to 1609 and the 1576 to 1569 region

Resistance should appear near 1655 and 1689 to 1696..

October Sugar
Support should appear near 609 to 601

Resistance should appear near 630 to 634 and 656 to 662 ..

December Cotton
Recommended Open BW Position Long 5985
Support should appear near 5955 to 5940 and 5880 to 5855

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

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 30th, 2003
4:00 PM eastern standard 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.