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, Friday July 11th 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

Thursday July 11th, 2003
2:30 PM Eastern time

The ‘Frenzied’ Forex Front
Sept Yen
Support should appear near 8499 to 8484 and 8445

Resistance should appear near the 8560 to 8589 region

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

Resistance is at 11430 and 11500

Sept Swiss Franc
Recommended open position long 2 at 7533 avg
Resistance should appear near 7414 to 7428.

Support should appear near 7342 to 7328 and 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 2 at 1.6356 avg
Support should appear near 1.6284 and 1.6150 to 1.6090

Resistance should appear near 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 7170 to 7142

Resistance is at 7242 to 7255

Sept Aussie Dollar
Recommended Open Position Long 6592
Support is at 6509 to 6483 and 6430 to 6417

Resistance should appear near 6577 to 6592

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9044 to 9060 and 9150 to 9156

Support should appear near 8964 to 8934 and 8871 to 8856

Sept SP500
Resistance is at should appear near 992.10 to 993.70 and the 1002.10.to 1003.70 region.

Nearby Support should appear near 983.70 to 982.90 and 973.70 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.

Nasdaq Composite
Resistance should appear near 1731 to 1738

Support should appear near 1696 to 1689

September Mini Nasdaq 100
Resistance is at 1274 and 1289

Support is at 1268 then 1253 and 1238 to 1232

September Ten Year T-Notes
Resistance should appear near 116-23 and 117-04

Support is at 116-07 and 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 7775 to 7765 and 7690 to 7675

Resistance should appear near 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 478.5 to 477.5 and 471.5 to 469.5

Resistance is at the 484.5 to 485.5 and 491.5 to 492.5

The Exciting Energies

August Crude Oil
Support should appear near 3102 to 3092 then 3045 to 3036 and 2990 to 2972

Resistance is at 3148 to 3157 and the 3194 to 3213 region

Trade Accordingly..

August Unleaded Gas
Support should appear near 9235 and 9160 to 9140

Resistance should appear near 9315 to 9345 and 9425 to 9445, beyond that a test of 9520 to 9545 is likely.

August Heating Oil
Resistance is at 8115 to 8135 and 8300 to 8315

Support should appear near 8025 then 7955 to 7940 and 7865 to 7835.

The Lively Livestock
August Live Cattle
Support should appear near 7087 to 7072

Resistance is at 7142 to 7172.

August Lean Hogs
Support is at 6512 to 6482 and the 6432 to 6417 region

Resistance is at 6577 to 6592 and 6657 to 6672

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

Resistance is at 9427 to 9447.and 9527 to 9547

Stay Tuned for Livestock Updates and Flashes

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

Support should appear near 602 1/2 then 595 3/4 to 594 3/4 and 588 to 585 1/2

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 and 190.2 to 190.9

August Soybean Oil
Resistance should appear near 2219 to 2226

Support should appear near 2170 and 2134 to 2126

December Corn
Resistance should appear near 218 1/2 and 221 3/4 to 222 3/4

Support is at 217 and 213 1/2 to 212 3/4.

Sept CBOT Wheat
Support should appear at near 314 3/4 then 10 1/4 to 309 1/4 and 304 1/2 to 303 3/4

Resistance is at 319 1/4 to 321 1/4 and 326 1/4 to 327

The Satisfying Softs

September the ‘Monster’ Coffee
Recommended Open BW Position Long 6165
Support is near 6115 to 6105 and 6035 to 6020

Resistance should appear near 6190 and 6255 to 6270

Sept Cocoa
Support is at 1496 to 1484 and 1459 to 1453

Resistance should appear near 1535 and 1569 to 1576 .

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

Thursday July 10th, 2003
3:10 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.