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, Tuesday July 22nd , 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 21st , 2003
3:00 PM 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 11300 then 11227 and 11155

Resistance is at 11330 to 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 1.6090 to 1.6150 .

Sept Canadian Dollar
Recommended Open Position Long at 7445
Support should appear near the 7088 to 7074 and 7002 to 6990

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 6430 to 6417.

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 9140 to 9156 then 9237 and the 9316 to 9347 region..

Support should appear near 9060 to 9044 and 8964 to 8934

Sept SP500
Recommended Open position Short 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 964.10 to 962.50

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

Nasdaq Composite
Resistance should appear near 1689 to 1696 and 1731 to 1738.

Support should appear near 1655 to 1642 and 1615 to 1609

September Mini Nasdaq 100
Resistance is at 1253 and 1268 to 1274

Support is at 1238 to 1232 and 1203 to 1192

September Ten Year T-Notes
Resistance should appear near 113-07 then 113-23 and 114-04

Support is at 112-23 then 112-07 and 111-23.

The Precious Metals

August Gold
Recommended Open Position Long 347.8
Support should appear at 350.3 to 349.3 and 344.3 to 342.5

Resistance is at 355.30 to 356.30 and 361.3 to 362.3

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

Resistance should appear near 7835 to 7865 and 7940 to 7955

Sept Silver
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 3046 to 3036 and the 2990 to 2972 region .

Resistance is at 3092 to 3102 and 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 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 8045 and 8115 to 8135 , beyond that a test of 8300 to 8315 is likely.

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 7342 to 7327 and 7257 to 7242

Resistance is at 7412 to 7427

August Lean Hogs
Support is at 6117 to 6102 and the 6037 to 6022 region

Resistance is at 6167 to 6192 and 6257 to 6272

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

Resistance is at 9047 to 9062 then 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 555 1/2 and 550 1/2 to 549 3/4

August Soymeal
Support should appear near 173.8 to 173.1

Resistance is at 177.4 to 178.0 and 180.8 to 182.2

August Soybean Oil
Resistance should appear near 2080 to2088

Support should appear near 2042 to 2034 and 1996 to 1982

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

Support is at 212 3/4 and 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 5955 to 5940 and 5880 to 5855

Resistance should appear near 6100 to 6115 and 6165 to 6190..

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 686 and the 704 to 712 region

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

Resistance should appear near 6110 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

Monday July 21st, 2003
4:00 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.