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 July 9th 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 July 8th, 2003
3:45 PM Eastern time

The ‘Frenzied’ Forex Front
Sept Yen
Support should appear near 8445 and 8406 to 8391

Resistance should appear near 8484 to 8499 and the 8560 to 8589 region

Sept Euro Currency (EC)
Recommended Open Position Long 2 at 11610 avg
Support should appear at 11227 and 11185
Resistance is at 11300 to 11330 and 11360

Sept Swiss Franc
Recommended open position long 2 at 7533 avg
Resistance should appear near 7328 to 7342.

Support should appear near 7291 Under that buyers should appear near 7255 to 7242, which should contain a decline… BW Traders can buy at 7257 hold for higher prices..

Sept British Pound
Recommended Open Position Long 1.6552
Support 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 1.6286 and 1.6354 , beyond that a test of 1.6490 to 1.6550 is likely.
Trade Accordingly

Sept Canadian Dollar
Recommended Open Position Long 7445
Support should appear near 7255 to 7242

Resistance is at 7328 to 7342

Sept Aussie Dollar
Recommended Open Position Long 6592
Support is at 6509 to 6483

Resistance should appear near 6577 to 6592

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9237 then 9316 to 9347

Support should appear near 9156 to 9140 and 9060 to 9044

Sept SP500
Resistance is at should appear near 1018.5 and the 1032 to 1036 region.. BW Traders can sell at 1029.20 and risk a close over 1039.30 for three days in a row.

Support should appear near 1005 to 1002 and 993.70 to 992.10

Nasdaq Composite
Resistance should appear near 1774 to 1780

Support should appear near 1738 to 1731

September Mini Nasdaq 100
Resistance is at 1304 to 1310 and 1334 to 1346

Support is at 1289 and 1274 to 1268

September Ten Year T-Notes
Resistance should appear near 116-23

Support is at 115-23
The Precious Metals

August Gold
Recommended Open Position Long at 369.5
Support should appear at 344.3 to 342.5.

Resistance is at 349.3 to 350.3

Sept Copper
Recommended Open Position Short 7535
Support should appear near 7605 to 7585

Resistance should appear near 7760 to 7775 then 7835 to 7865 and 7945 to 7955 , beyond that a test of 8030 to 8045 is likely.. BW Traders can sell at 7940 and risk a close over 8145 for three days in a row..

Sept Silver
Support should appear near 471.5 to 469.5

Resistance is at the 477.5 to 478.5 region

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 9060 to 9045 and 8870 to 8855 .

Resistance should appear near the 9140 to 9155, beyond that a test of 9315 to 9345 is likely.

August Heating Oil
Resistance is at 7835 to 7865 and 8025 to 8045

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

The Lively Livestock
August Live Cattle
Support should appear near 7172 to 7142

Resistance is at 7242 to 7257 and the 7257 and the 7327 to 7342 region , which should cap a rally. BW Traders can sell at 7342 and risk a close over 7437 for three days in a row.

August Lean Hogs
Support is at 6577 and the 6512 tom 6482 region

Resistance is at 6657 to 6672 and 6742 to 6757

August Pork Bellies
Recommended Open Position Long 9355
Support should appear near 9237 and the 9157 to 9137 region

Resistance is at 9317 to 9347 and 9427 to 9447.

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains
August Soybeans
Recommended Open Position Long 604 3/4
Resistance is at 602 1/4 to 603 1/2 and 610 1/4 to 611 1/2

Support should appear near 595 3/4 to 594 3/4

August Soymeal
Recommended Open Position Long 188.6
Support should appear near 182.2 to 180.8

Resistance is at 185.8 to 186.5

August Soybean Oil
Resistance should appear near 2219 to 2226
Support should appear near 2185 to 2170.

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

Support is at 222 3/4 to 221 3/4 and 218 1/2 to 217 .

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

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

The Satisfying Softs

September the ‘Monster’ Coffee
Recommended Open BW Position Long 6165
Support is near 6190 to 6165 and 6115 to 6105.

Resistance should appear near 6270 and 6335 to 6350

Sept Cocoa
Support is at 1642 and 1615 to 1609

Resistance should appear near 1655 and 1689 to 1696..

October Sugar
Support should appear near 634 to 630

Resistance should appear near 656 to 661 .

December Cotton
Support should appear near 6165 and 6115 to 6105

Resistance should appear near 6255 to 6270 and 6335 to 6350

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 July 8th, 2003
4:55 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.