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 17th 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 July 16th, 2003
2:30 PM Eastern time

The ‘Frenzied’ Forex Front

Sept Yen
Support should appear near 8406 to 8391.

Resistance should appear near 8484 to 8499 and 8560 to 8589

Sept Euro Currency (EC)
Recommended Open Position Long 3 at 11458 avg
Support should appear at 11155 and 11010 to 10960

Resistance is at 11227 and 11300 to 11360, a close over is friendly and augurs for a test of 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
Resistance should appear near the 7328 to 7342 region. A close over is friendly and augurs for a test of 7414 to 7428

Support should appear near 7255 to 7242 then 7206 and 7170 to 7142

Aggressive BW traders should go long if a close over 7344 occurs..

Sept British Pound
Support should appear near 1.5760 to 1.5690

Resistance should appear near 1.5960 and 1.6120 to 1.6150 .

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 7242 to 7255 , a close over augurs for a test of 7328 to 7342

BW 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 6591

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 9140 to 9156 then 9237 and the 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 9060 to 9044 and the 8964 to 8934 region

Sept SP500
Resistance should appear near 1002.10 to 1003.70 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

Support should appear near 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
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 1322.5 and the1334 to1346region. Beyond that sellers should appear near 1377 to 1383.

Support is at 1289 and the 1274 to 1268 region

September Ten Year T-Notes
Resistance should appear near 114-23 then 115-07 and 115-23

Support is at 114-07 and 113-22.

The Precious Metals

August Gold
Recommended Open Position Long 2 at 346.1 avg
Support should appear at 342.5 and 338.6 to 337.7

Resistance is at 344.3 and 346.8

Sept Copper
Recommended open Position Short 2 at 7735 avg

Support should appear near 7865 to 7835 and 7780 to 7765 and 7690 to 7675

Resistance should appear near 7955 and 8030 to 8045

Sept Silver
Recommended Open Position Long at 465.5
Support should appear near 465 to 463.5 and 458.5 to 457 .

Resistance is at 469.5 to 471.5

The Exciting Energies
Sept Crude Oil
Support should appear near 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 3036 to 3046 and 3092 to 3102 .. beyond that sellers should appear near 3148 to 3157
BW Traders should go long if a close over 3162 occurs

Sept Unleaded Gas
Support should appear near 8590 to 8560 and the 8500 to 8480 region

Resistance should appear near 8760 to 8775 and 8855 to 8870 .

Sept Heating Oil
Recommended Open position Long 7960
Resistance is at 8030 to 8045 and 8115 to 8135

Support should appear near 7865 to 7835 and 7775 to 7765

The Lively Livestock

August Live Cattle
Support should appear near 7172 to 7142 and 7087 to 7072.

Resistance is at 7242 to 7257 and the 7327 to 7342 region. BW traders should sell at 7237 and risk a close over 7357 for
three days in a row

August Lean Hogs
Support is at 6257 and the 6117 to 6102 region.

Resistance is at 6337 to 6357 and 6417 to 6432

August Pork Bellies
Support should appear near 9062 to 9042 and the 8967 to 8932 region.. Well heeled BW Traders can buy at 8972 and risk
a close under 8757 for three day in a row.

Resistance is at 9137 to 9157 and 9317 to 9347

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains
August Soybeans
Recommended Open position Long at 603 1/2
Resistance is at 585 1/2 to 588 and 595 1/2 to 595 1/2

Support should appear near 580 1/2 to 579 1/4 and 572 1/2 to 571 3/4

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

Resistance is at 185.6 to 186.5

August Soybean Oil
Resistance should appear near 2126 to 2134 and 2170 to 2185

Support should appear near 2088 to 2080.. 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 212 3/4 to 213 1/2

Support is at the 208 3/4 to 208 region..

Sept CBOT Wheat
Recommended Open Position Long at 316 3/4
Support should appear at near 315 3/4 to 314 3/4 and 310 1/4 to 309 1/2 .

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

The Satisfying Softs

September the ‘Monster’ Coffee
Recommended Open position Long 6310
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 the 1496 to 1484 and the 1459 to 1453 region.

Resistance should appear near 1529 to 1536 and 1569 to 1576

October Sugar
Recommended open position long at 665
Support should appear near 661 to 656 and 634 to 630. BW Traders can buy at 646 and risk a close under 627 for three days in a row..

Resistance should appear near 672 and 682 to 686 ..
.

December Cotton
Recommended Open position Long 2 at 6190 avg
Support should appear near 6100 and 6035 to 6025 under that 5955 to 5945 should hold.

Resistance should appear near 6165 to 6190 and 6255 to 6270

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 July 16th, 2003
3:00 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.