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 30th , 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 29th , 2003
2:00 PM Eastern time
The ‘Frenzied’ Forex Front
Sept Yen
Support should appear near 8314 to 8300 and the 8223 to 8194 region…BW Traders can buy at 8317 and risk a close under 8254 for three days in a row.. ..
Resistance should appear near 8391 to 8496 and 8484 to 8499
Sept Euro Currency (EC)
Recommended Open Position Long 11155
Support should appear at 11430 and the 11360 to 11300 region.
Resistance is at 11500, an extended trade over augurs for an eventual test of 11570 and the 11640 to 11690 region..
Sept Swiss Franc
Recommended open position long 2 at 7399 avg
Resistance should appear near the7414 to 7428 and 7456.
Support should appear near 7378 and 7342 to 7328 , which should contain a decline.
BW Traders should go long if a close over 7462 occurs..
Sept British Pound
Support should appear near 1.6150 to 1.6090.. Below that buyers should appear near 1.5928 and the 1.5760 to 1.5690 region.
BW Traders can buy at 1.5932 and hold for higher prices..
Resistance should appear near the 16286 and 16352.
Sept Canadian Dollar
Recommended Open Position Long at 7445
Support should appear near 7170 to 7143 and the 7088 to 7074 region.
Resistance is at 7242 to 7255 , a close over augurs for a test of 7328 to 7342 and the 7414 to 7428 region.
BW Traders should go long if a close over 7259 occurs.
Sept Aussie Dollar
Recommended Open position Long 6616
Support is at 6592 to 6577 then 6509 to 6483, BW traders can buy at 6548 and risk a close under 6476 for three days in a row.
Resistance should appear near 6659 to 6673 . A close over augurs for a test of 6741 to 6755
BW Traders should go long if a close over 6678 occurs.
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 9316 to 9347 and 9429 to 9445
Support should appear near 9156 to 9140 and 9060 to 9044
Sept SP500
Recommended Open position Short at 980.8
Resistance should appear near 992.10 to 993.70 and the 1000 to 1005 region. Beyond that sellers should appear near 1018.5 and the 1032 to 1036 region
Support should appear near 983.70 to 982.10 and the 973.70 to 970.60 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 1756
Support should appear near 1696 to 1689
September Mini Nasdaq 100
Resistance is at 1304 to 1310 and the 1334 to 1346 region.
Support is at 1274 to 1268 and the 1238 to 1232 region.
September Ten Year T-Notes
Resistance should appear near 111-23 and 112-07
Support is at 111-04 and 110-23
December Gold
Recommended Open Position Long at 364.1
Support should appear at 362.3 to 361.3 and the 356.3 to 355.3 region .
Resistance is at 366.3 to 368.2 and 373 to 374.3
Sept Copper
Recommended open Position Short 2 at 7735 avg.
Support should appear near 8045 to 8035 and 7955 to 7940
Resistance should appear near 8120 to 8135 and 8195 to 8225 .
Sept Silver
Recommended open Position Long at 519.5.
Support should appear near 514 to 512.5 and 506.5 to 505.5. Below that buyers should appear near 492.5 to 491.5
then 485.5 to 484.5 and the 478.5 to 477.5 region. BW Traders can buy at 487.5 and risk a close under 474.5 for three days in a row.
Resistance is at 520 to 521.5.. Beyond that a test of 525.5 to 528.5 and the 534.5 to 535.5 region is likely..
The Exciting Energies
Sept Crude Oil
Support should appear near 2990 to 2972 and the 2937 to 2928 region.. Under that 2883 to 2874 should contain a decline..
BW Traders can buy at 2942 and risk a close under 2867 for three days in a row..
Resistance is at 3036 to 3045 and 3092 to 3102.
BW Traders should go long if a close over 3049 occurs
Sept Unleaded Gas
Support should appear near 8685 to 8665 then 8590 to 8569 and the 8500 to 8480 region..BW Traders can 8590 and risk a close under 8480 for three days in a row..
Resistance should appear near 8760 to 8780 and 8855 to 8870
Sept Heating Oil
Recommended Open position long at 7960
Resistance is at 7940 to 7955 and 8115 to 8135, beyond that a test of 8300 to 8315 is likely.
Support should appear near 7780 to 7765 then 7605 to 7585 and the 7430 to 7415 region.
The Lively Livestock
October Live Cattle
Support should appear near 7692 to 7672 and 7602.
Resistance is at 7777 and 7837 to 7867
October Hogs
Support is at 5067 to 5057 and 4927.
Resistance is at 5197 to 5212 and 5257 to 5282
August Pork Bellies
Recommended Open position long at 8972
Support should appear near 8590 to 8560 and 8500 to 8485
Resistance is at 8667 to 8682 and 8762 to 8777
Stay Tuned for Livestock Updates and Flashes
The Grande’ Grains
September Soybeans
Resistance is at 534 1/2 to 535 1/2 and 541 3/4 to 543
Support should appear near 525 3/4 and 521 1/4 to 520
November Soybeans
Resistance is at 520 to 521 1/4 and 525 3/4 to 528 1/4
Support should appear near 513 3/4 to 512 3/4 and 506 3/4 to 505 3/4
September Soymeal
Support should appear near 164.2 and 161.5 to 160.9
Resistance should appear near 168.9 to 169.6
September Soybean Oil
Resistance should appear near 2034 to 2042 and 2880 to 2088
Support should appear near 1982 and the 1953 to 1946 region
December Corn
Resistance should appear near 217 to 218 1/2 ..
Support is at 213 1/2 to 212 3/4
Resistance is at 349 1/4 to 350 1/4 and the 355 1/4 to 356 1/4 region…
September the ‘Monster’ Coffee
Recommended Open position long 6135
Support is near 6190 to 6165 and 6115 to 6100
Resistance should appear near 6335 to 6350 and 6485 to 6510.
Sept Cocoa
Support is at 1459 to 1453 and 1421 to 1415
Resistance should appear near 1484 to 1496
October Sugar
Support should appear near 712 to 704 and 686 to 682
Resistance should appear near 735 to 739..
December Cotton
Recommended Open position long 2 at 6190 avg
Support should appear near 5970 to 5955. Under that buyers should appear near 5880 to 5855 and the 5730 to 5715 region..
Resistance should appear near 6100 to 6115 and 6165 to 6190. Beyond that sellers should appear near 6255 to 6270 and the 6335 to 6350 region.
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 29th 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.
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