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, Thursday July 24th , 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 23rd , 2003
2:00 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
Support should appear at 11430 and 11360 to 11330

Resistance is at 11500 then 11570 and 11640 to 11690

Sept Swiss Franc
Recommended open position long 2 at 7311 avg
Resistance should appear near the 7486 to 7513 region

Support should appear near 7428 to 7414 and 7378

Sept British Pound
Support should appear near 1.6008 and 1.5928

Resistance should appear near 1.6090 to 1.6150 .

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

Resistance is at 7143 to 7156 and 7170.

Sept Aussie Dollar
Recommended Open position Long 6592
Support is at 6577 to 6591 then 6625 and 6659 to 6672 .

Resistance should appear near 6543 and 6509 to 6483

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9237 and the 9316 to 9347 region..

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 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

We will be rolling analysis to December Gold over the weekend.

August Gold
Recommended Open Position Long 347.8
Support should appear at 356.3 to 355.3 and 350.3 to 349.3

Resistance is at 361.3 to 362.3 and the 366.3 to 368.2 region

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
Resistance should appear near 512 .5 to 514 and 520 to 521.5

Support is at 503.5 and 499 to 497.5

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 8585 to 8560 then 8500 to 8480 and the 8315 to 8300 region

Resistance should appear near 8760 to 8775 and 8855 to 8870

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

Support should appear near 7690 to 7675 then 7605 to 7585 and 7515 to 7485

The Lively Livestock

August Live Cattle
Support should appear near 7512 to 7487 and 7427

Resistance is at 7587 to 7602 and 7672 to 7692

August Lean Hogs
Support is at 5732 to 5717 and the 5657 to 5642 region.

Resistance is at 5852 to 5882 and 5937 to 5957

August Pork Bellies
Recommended Open position Long 8972
Support should appear near 8592 to 8562

Resistance is at 8762 to 8777 and 8857 to 8872

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

August Soybean Oil
Resistance should appear near 2034 to 2042

Support should appear near 1996 to 1982

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 342 1/2 and 338 3/4 to 337 3/4

Resistance is at 349 1/4 to 350 1/4

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
Recommended Open position Long 1421
Support should appear near 1421 to 1415 and 1383 to 1377

Resistance should appear near 1453 to 1459 and 1489 to 1496

October Sugar
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 5880 to 5855 and 5805 to 5790

Resistance should appear near 5940 to 5955 and 6025 to 6035

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 23rd, 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.