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, Monday July 21st , 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

Saturday July19th, 2003
9:00 AM Eastern time

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

Resistance should appear near 8484 to 8499

Sept Euro Currency (EC)
Recommended Open Position Long 3 at 11458 avg
Support should appear at 11227 then 11155 and 11010 to 10960

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

Sept Swiss Franc
Recommended open position long 4 at 7422 avg
Resistance should appear near 7414 to 7428 and the 7486 to 7513 region

Support should appear near 7342 to 7328 then 7291 and the 7255 to 7242 region

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 7074 and 7002 to 6990

Resistance is at 7088 and 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 6430 to 6417.

Resistance should appear near 6483 to 6509

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 9237 and the 9316 to 9347 region.. Beyond that sellers should appear near 9421 to 9450.

Support should appear near 9156 to 9140 and 9060 to 9044

Sept SP500
Recommended Open position Short 980.80
Resistance should appear near 992.10 to 993.70 then 1002.10 to 1003.70 and 1010.40 1013.60

Support should appear near 983.70 to 982.90 and 973.70 to 970.60

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 344.3 to 342.5 and 338.6 to 337.7

Resistance is at 349.3 to 350.3 and 355.30 to 356.30

Sept Copper
Recommended open Position Short 2 at 7735 avg
Support should appear near 7865 to 7835 and 7780 to 7765

Resistance should appear near 7940 to 7955 and 8030 to 8045

Sept Silver
Recommended Open Position Long at 465.5
Support should appear near 471.5 to 469.5 and 465 to 463.5.

Resistance is at 477.5 to 478.5 and 484.5 to 485.5

The Exciting Energies
Sept Crude Oil
Support should appear near 3092 and the 3046 to 3036 region.

Resistance is at 3148 to 3157, a close over augurs for a test of 3194 to 3213 and the 3271 to 3270 region
BW Traders should go long if a close over 3162 occurs

Sept Unleaded Gas
Support should appear near 8935 and 8870 to 8855 under that 8775 to 8760 should hold

Resistance should appear near 9045 to 9060 and the 9140 to 9155 region. .

Sept Heating Oil
Recommended Open position Long 7960
Resistance is at 8115 to 8135 , beyond that a test of 8300 to 8315 is likely.

Support should appear near 8045 to 8025 then 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 7412 to 7427

August Lean Hogs
Support is at 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 9062 to 9042 then 8967 to 8932 and the 8872 to 8857 region

Resistance is at 9137 to 9157 and the 9317 to 9347 region...

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains
August Soybeans
Resistance is at 564 to 565 1/2 and 571 3/4 to 572 3/4

Support should appear near 557 3/4 to 555 1/2 and 550 1/2 to 549 3/4

August Soymeal
Support should appear near 178.0 to 177.4 and 173.8 to 173.1

Resistance is at 180.8 to 182.2 and 185.8 to 186.5

August Soybean Oil
Resistance should appear near 2080 to2088

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 332 3/4 to 331 3/4 and 327 to 326

Resistance is at 337 3/4 to 338 3/4 and 342 1/2 to 344 1/2

The Satisfying Softs

September the ‘Monster’ Coffee
Recommended Open position Long 6310
Support is near 6270 to 6255 and 6190 to 6165

Resistance should appear near 6335 to 6350 and 6415 to 6430..
Beyond that a test of 6575 to 6590 and the 6740 to 6755 region is likely.

Sept Cocoa
Support should appear near 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 1489 to 1496 and 1529 to 1535

October Sugar
Recommended open position long at 665
Support should appear near 671 and 661 to 656.

Resistance should appear near 682 to 686 ..

December Cotton
Recommended Open position Long 2 at 6190 avg
Support should appear near 6115 to 6100 and 6035 to 6025.

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

Saturday July19th, 2003
11:45 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.