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 August 5th ,
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 August 4th, 2003
2:00 PM Eastern tim
The
‘Frenzied’ Forex Front
Sept Yen
Recommended Open Position Long
8317
Support should appear near 8314 to 8300 and the 8223 to 8194
region…
Resistance should appear near 8391 to 8496 and 8484 to
8499
Sept Euro
Currency (EC)
Recommended Open Position Long 11155
Support should appear at 11303 to
11300 and 11226
Resistance is
at 11360 then 11430 and 11500
Sept Swiss
Franc
Recommended open position long 2 at 7399 avg
Resistance
should appear near 7414 to
7428 and 7487 to 7513
Support should
appear near 7378 and 7342 to 7328
Sept British Pound
Support should
appear near 16002 .. 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 16090 to 16150
Sept Canadian
Dollar
Support should
appear near 7088 to 7074 .and 7003
to 6990
Resistance is at 7143
to 7170
Sept Aussie Dollar
Recommended Open position
Long 2 at 6582 avg
Support is at 6430 to
6417
Resistance should appear near 6496 to 6509.
The
Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance
should appear near 9237
then 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 982.1 to 983.70 then 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 973.70 to 970.60 and the 964.1 to 962.50
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 then 1756 and the 1774 to 1780
region.
Support should appear near 1713.5 and 1696 to
1689
September Mini Nasdaq 100
Resistance is at
1268 to 1274 then 1304 to 1310 and 1334 to 1346
Support is at
1253 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 then 110-23
and 110-04
December Gold
Recommended Open Position Long
at 364.1
Support
should
appear at 350.3 to 349.3 and 344.3 to 342.5
Resistance
is
at 352.8 and 355.3 to 356.3
Sept Copper
Recommended open Position Short at
7940
Support should appear
near 8045 to 8025 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 499.5 to 497.5. 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 505.5 to 506.5 and 512.5 to 514
The Exciting Energies
Sept
Crude Oil
Support should appear near 3157 to 3147 and 3102 to
3092
Resistance is at 3194 to 3213 and
3261 to 3270
Sept Unleaded Gas
Support should appear near 9235 and
9155 to 9140 under that 9060 to 9045 shold hold
Resistance should appear near 9425 to 9445 and 9525 to 9545
Sept Heating
Oil
Resistance
is at 8405
then 8485 to 8500 and 8560 to 8590
Support should appear near 8315 to 8300 and the 8135 to 8120 region
The Lively
Livestock
October
Live Cattle
Support
should appear near 7692 to
7672
Resistance
is at 7762
to 7777 and 7837 to 7867
October
Hogs
Support is at 5137 to 5127 and 5067 to 5057
Resistance is at 5197 to
5212 and the 5257 to 5282 region
August Pork Bellies
Recommended Open position long at
8972
Support should appear near 8682 to 8667 and 8590 to
8560
Resistance is
at 8762 to 8777 and the 8857 to 8872 region
Stay Tuned for Livestock Updates and Flashes
The Grande’ Grains
September
Soybeans
Resistance
is at 525 3/4 to 528 3/4 and 534 1/2 to 535 3/4
Support should appear near 521 1/4 to 520 then 513 3/4 to 512 1/2 and 506
1/2 to 503 1/2
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 161.5
to 160.9
Resistance should appear near 164.2 to165.5
September
Soybean Oil
Resistance should appear near
1946 to 1953 and 1982 to 1996
Support should appear
near 1909 to 1902
December Corn
Resistance should appear near 218 1/2
and 221 3/4 to 222 3/4
Support is at 213 1/2 to 212
3/4 and 208 3/4 to 208
Resistance is at 355 1/4 to 356 1/4 and 361 1/4 to 362
1/4
The Satisfying Softs
September the
‘Monster’ Coffee
Support is near 6485 then
6430 to 6415 and 6350 to 6335
Resistance should appear near
6575 to 6590 and 6655 to 6675.. beyond that a test of 6740 to 6755 is
likely.
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
Resistance should appear near 735 to 739 and
751
December
Cotton
Support should appear near
5730 to 5715 and 5580 to 5555 ..
Resistance should appear
near 5855 to 5880 and 5945 to 5955
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
Sunday August 3rd
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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