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 23rd , 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

Tuesday July 22nd , 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

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 1.5846 and 1.5760 to 1.5690

Resistance should appear near 1.6008 and 1.6090 to 1.6150 .

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

Resistance is at 7074 to 7088.

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

Resistance should appear near 6483 to 6509

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 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 992.10 to 993.70 and 1002.10 to 1003.70

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.

Support should appear near 1696 to 1689

September Mini Nasdaq 100
Resistance is at 1268 to 1274

Support is at 1238 to 1232

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

Support is at 113-04 and 112-23

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 7690 to 7675 and 7605 to 7590

Resistance should appear near 7765 to 7780 and 7835 to 7865

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

Resistance is at 484.5 to 485.5

The Exciting Energies
Sept Crude Oil
Recommended open position long at 2942
Support should appear near 2937 to 2928 and 2883 to 2875

Resistance is at 2972 to 2990 and 3036 to 3045

Sept Unleaded Gas
Support should appear near 8500 to 8480 and the 8315 to 8300 region

Resistance should appear near 8665 to 8685 and 8760 to 8775. .

Sept Heating Oil
Recommended Open position Long 7960
Resistance is at 7760 to 7780 and 7835 to 7865.

Support should appear near 7605 to 7585 and 7515 to 7485

The Lively Livestock
August Live Cattle
Recommended Open position Short at 7262
Support should appear near 7342 to 7327

Resistance is at 7427 and 7487 to 7512

August Lean Hogs
Support is at 5957 to 5942 and 5882 to 5857

Resistance is at 6027 to 6037 and 6102 to 6117

August Pork Bellies
Recommended Open position Long 8972
Support should appear near 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 5940 and 5880 to 5855

Resistance should appear near 6025 to 6035 and 6100 to 6115.

Sept Cocoa
Support should appear near 1421 to 1415 and 1383 to 1377
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 1453 to 1459 and 1489 to 1496

October Sugar
Recommended open position long at 665
Support should appear near 686 to 682 and 671.

Resistance should appear near 704 to 712 and 723

December Cotton
Recommended Open position Long 2 at 6190 avg
Support should appear near 5955 to 5940 and 5880 to 5855

Resistance should appear near 6025 to 6035 and 6105 to 6115.

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

Tuesday July 22nd, 2003
3:35 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.