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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 15th 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 July 14th, 2003
1:30 PM Eastern time

The ‘Frenzied’ Forex Front

Sept Yen
Support should appear near 8499 to 8484 a close under augurs for a test of 8406 to 8391.

Resistance should appear near 8560 to 8589 and the 8668 to 8683 region …
BW Traders can sell at 8667 and risk a close over 8722 for three days in a row.

Sept Euro Currency (EC)
Recommended Open Position Long 2 at 11610 avg
Support should appear at 11227 and 11155, BW Traders can buy at 11155 for a bounce and perhaps the pull.. Hold for higher prices..Below that 11010 to 10960 should contain any decline for some time …

Resistance is at 11300 to 11330 and 11360, a close over is friendly and augurs for a test of 11500 and beyond towards the 11640 to 11690 region.. Aggressive BW traders should go long if a close over 11337 occurs.

Sept Swiss Franc
Recommended open position long 3 at 7441 avg
Nearby Resistance should appear near 7328 to 7342 , a close over is friendly and augurs for a test of 7414 to 7428

Nearby Support should appear near 7255 to 7242, which should contain a decline Below that buyers should appear near 7170 to 7142
Aggressive BW traders should go long if a close over 7344 occurs..

Sept British Pound
Recommended Open Position Long 2 at 1.6356 avg
Nearby Support should appear near 1.5928 and 1.5760 to 1.5690

Resistance should appear near 1.6120 to 1.6150 and 16286 .

Sept Canadian Dollar
Recommended Open Position Long at 7445
Support should appear near 7170 to 7143 and the 7088 to 7074 region

Resistance is at 7255 , a close over augurs for a test of 7328 to 7342 and the 7414 to 7428 region.
Traders should go long if a close over 7259 occurs.

Sept Aussie Dollar
Recommended Open position Long 6592
Support is at 6509 to 6483 and the 6430 to 6417 region.

Resistance should appear near 6577 to 6592 and 6659 to 6673

BW Traders should go long if a close over 6597 occurs.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9316 to 9347 region.. which should cap a rally for a bit.. Above that resistance should appear near
9429 to 9445 and 9526 to 9542

Support should appear near 9237 and 9156 to 9140

Sept SP500
Resistance is at should appear near 1003.70 to 1005.00 then 1010.40 to 1013.60 and 1018.5 .. beyond that sellers should appear near the 1032.00 to 1036.00 region… BW Traders can sell at 1029.20 and risk a close over 1039.30 for three days in a row... Beyond that resistance should appear near 1058.00 to 1063.00

Nearby Support should appear near 1002.10 then 993.70 to 992.10 and 983.70 to 982.90
BW Traders should go short if a close under 991.90 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 1774 to 1780 region. Beyond that sellers should appear near 1808 to 1822 and cap a rally…

Support should appear near 1738 to 1731

September Mini Nasdaq 100
Resistance is at 1304 to 1310 then 1334 to1346 and 1377 to 1383.

Support is at 1289 and 1274 to 1268

September Ten Year T-Notes
Recommended Open Position Long at 116-24
Resistance should appear near 116-23 and 117-07

Support is at 116-17 then 116-07 and 115-23.

The Precious Metals

August Gold
Recommended Open Position Long at 3 at 353.9 avg
Support should appear at 344.3 to 342.5 and the 338.6 to 337.7 region .Traders should buy at 344.4 and risk a close under 336.9 for three days in a row. Below that buyers should appear near 332.8 to 331.9 and the 327 to 326.1 region

Resistance is at 349.3 to 350.3, a close over is friendly and augurs for a test of 355.3 to 356.3 and 361.1 to 362.3.

Sept Copper
Recommended open Position Short 2 at 7735 avg

Support should appear near 7955 to 7940 and 7780 to 7765

Resistance should appear near 8030 to 8045 and 8115 to 8135 .

Sept Silver
Support should appear near 478.5 to 477.5 and the 471.5 to 469.5 region..

Resistance is at 484.5 to 484.5 and the 491.5 to 492.5 region.

The Exciting Energies
Sept Crude Oil
Support should appear near 3092 then 3045 to 3036 and the 2990 to 2972 region.. Below that buyers should appear near
2937 to 2928 and 2883 to 2874. BW Traders can buy at 2942 and risk a close under 2867 for three days in a row..

Resistance is at 3147 to 3157 and the 3194 to 3213 region
BW Traders should go long if a close over 3162 occurs

Sept Unleaded Gas
Support should appear near 9060 to 9045 and the 8870 to 8855 region .Below that buyers should appear near
88500 to 8480

Resistance should appear near 9140 to 9155 and the 9315 to 9345 region .

Sept Heating Oil
Resistance is at 8195 to 8225 and 8300 to 8315

Support should appear near 8045 to 8025 and 7955 to 7945 Below that support should appear near 7865 to 7835.
BW Traders can buy at 7960 and risk a close under 7825 for three days in a row..

The Lively Livestock

August Live Cattle
Support should appear near 7002 to 6992 and 6920 to 6907 .

Resistance is at 7072 to 7087, a close over augurs for a test of 7142 to 7172..

August Lean Hogs
Recommended Open Position Short at 6315
Support is at 6272 to 6257 and the 6117 to 6102 region.

Resistance is at 6337 to 6357 and 6417 to 6432

August Pork Bellies
Support should appear near 9317 then 9157 to 9137 and 9062 to 9042.. Below that buyers should appear near 8967 to 8932 . Well Heeled Traders can buy 8972 and risk a close under 8757 for three days in a row.

Resistance is at 9427 to 9447 and the 9527 to 9542 region. Beyond that a test of 9707 to 9737 and the 9827 to 9837 region is likely.. A close over 9837 is friendly and augurs for a test of 9922 to 9937

Aggressive Traders should go long if a close over 9452 occurs

Stay Tuned for Livestock Updates and Flashes

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

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

Aggressive BW Traders should go long if a close over 612 occurs

August Soymeal
Nearby Support should appear near 182.2 to 180.8 and 178.0 to 177.4

Resistance is at 186.5 and the 190.2 to 190.8 region. A close over is friendly and augurs for a test of 198.2 to 199.6 and the 203.4 to 204.2 region. BW Traders should go long if a close over 190.9 occurs

August Soybean Oil
Resistance should appear near 2170 to 2185

Support should appear near the 2134 to 2126 region.. Under that 2088 to 2080 should hold.. BW Traders can buy at 2092 for a bounce and risk a close under 2032 for three days in a row.

December Corn
Resistance should appear near 217 to 218 1/2

Support is at 213 1/2 to 212 3/4 and the 208 3/4 to 208 region..

Sept CBOT Wheat
Support should appear at near 315 3/4 to 314 3/4 and 310 1/4 to 309 1/2 . BW Traders can buy at 316 3/4 and risk a close under 308 3/4 for three days in a row..

Resistance is at 319 1/2 to 321 1/2 and 326 to 327.

The Satisfying Softs

September the ‘Monster’ Coffee
Recommended Open position Long 2 at 6215 avg
Support is near 6270 to 6255 then 6190 to 6165 and 6115 to 6100.

Resistance should appear near 6335 to 6350 region.. Beyond that a test of 6575 to 6590 and the 6740 to 6755 region is likely.

Sept Cocoa
Support is at 1484 and the 1459 to 1453 region. Below that 1421 to 1415 should hold BW Traders can buy at 1423 for a bounce and risk a close under 1372 for three days in a row.

Resistance should appear near 1496 and 1529 to 1536

October Sugar
Support should appear near 634 to 630. BW Traders can buy at 646 and risk a close under 627 for three days in a row.. Under that support should appear near 609 to 601

Resistance should appear near 656 to 662 and 682 to 686 and the 704 to 712 region..
BW Traders should go long if a close over 665. occurs..

December Cotton
Recommended Open position Long 6265
Support should appear near 6190 to 6165 and 6115 to 6100

Resistance should appear near 6335 to 6350 and the 6480 to 6510 region.

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 July 14th, 2003
3:50 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.