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 18th 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 17th, 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 the 7088 to 7074 region
Resistance is at 7143 to 7170
BW Traders should go long if a close over 7259 occurs.

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

Resistance should appear near 6509 and 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 9060 then 9140 to 9156 and the 9316 to 9347 region.. which should cap a rally for a bit..

Support should appear near 8964 to 8934 and the 8871 to 8856 region

Sept SP500
Recommended Open Position, Short at 980.80
Resistance should appear near 982.90 to 983.70 then 992.10 to 993.70 and 1002.10 to 1003.70

Support should appear near 973.70 to 970.60 and the 964.1 to 962.50 region

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

Nasdaq Composite
Resistance should appear near 1731 to 1738 and the 1774 to 1780 region.

Support should appear near 1696 to 1689 and the 1655 to 1642 region

September Mini Nasdaq 100
Resistance is at 1268 to 1274 and 1289

Support is at 1253 and 1238 to 1232

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 346.8 and 349.3 to 350.3

Sept Copper
Recommended open Position Short 2 at 7735 avg
Support should appear near 7780 to 7765 and 7690 to 7675

Resistance should appear near 7835 to 7865 and 7940 to 7955

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 3046 to 3036 and the 2990 to 2972 region.

Resistance is at 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 8115 to 8135

Support should appear near 7955 to 7940 and 7865 to 7835

The Lively Livestock

August Live Cattle
Recommended Open position Short at 7262
Support should appear near 7257 to 7242 and 7172 to 7142

Resistance is at 7327 to 7342 region and 7377
three days in a row

August Lean Hogs
Support is at 6192 to 6162 and the 6117 to 6102 region.

Resistance is at 6257 to 6272 and 6337 to 6357

August Pork Bellies
Recommended Open position Long 8972
Support should appear near 8967 to 8932 and the 8872 to 8857 region

Resistance is at 9042 to 9062 and 9137 to 9157

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains
August Soybeans
Recommended Open position Long at 603 1/2
Resistance is at 579 1/4 to 580 1/2

Support should appear near 572 1/2 to 571 3/4 and 565 1/4 to 563 1/4

August Soymeal
Support should appear near 178.0 to 177.4

Resistance is at 180.8 to 182.2

August Soybean Oil
Recommended Open position Long 2092
Resistance should appear near 2088 and 2126 to 2134

Support should appear near 2042 to 2034

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
Support should appear at near 327 to 326 and 321 1/2 to 319 1/2.

Resistance is at 331 3/4 to 332 3/4 and 337 3/4 to 338 3/4

The Satisfying Softs

September the ‘Monster’ Coffee
Recommended Open position Long 6310
Support is near 6335 and 6270 to 6255

Resistance should appear near 6415 to 6430.. Beyond that a test of 6575 to 6590 and the 6740 to 6755 region is likely.

Sept Cocoa
Support is at 1536 to 1529 and 1496 to 1484.

Resistance should appear near 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 6035 to 6025 under that 5955 to 5945 should hold.

Resistance should appear near 6100 to 6115 and 6165 to 6190

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 17th, 2003
3:45 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.