Economic and Investment Trend Analysis

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 12th , 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 11th, 2003
2:00 PM Eastern time

The ‘Frenzied’ Forex Front

Sept Yen
Recommended Open Position , Long at 8432
Support should appear near 8406 to 8391. Below that buyers should appear near 8314 to 8300
BW Traders can buy at 8357 and risk a close under 8254 for three days in a row..
Resistance should appear near 8484 to 8499 and 8560 to 8589

BW Traders should go long if a close over 8411 occurs

Sept Euro Currency (EC)
Recommended Open Position, Long 2 at 11252 avg
Support should appear at 1130 to 11300 and 11227. Below that buyers should appear near11155 and the 11010 to 10960 region, which should contain any decline for some time … BW Traders can buy at 11017 and hold for higher prices..

Resistance is at 11360 , an extended trade over augurs for an eventual test of 11430
Traders should go long if a close over 11337 occurs

Sept Swiss Franc
Recommended open position, Long 2 at 7399 avg
Resistance should appear near 7378 and the 7414 to 7428 region.

Support should appear near 7342 to 7328 and the 7255 to 7241 region, which should contain a decline.
BW Traders should go long if a close over 7382 occurs..

Sept British Pound
Support should appear near 1.6002 then 1.5928 and the 1.5760 to 1.5690 region.
BW Traders can buy at 1.5768 and hold for higher prices.

Resistance remains near the 1.6090 to 1.6150 region and 1.6286 beyond that a test of the1.6420 to 1.6550 region is likely.
BW Traders should go long if a close over 1.6158 occurs.

Sept Canadian Dollar
Recommended open position, Long 7237
Support should appear near 7170 to 7143. BW Traders can buy at 7119 and hold for higher prices.

Resistance is at 7242 to 7255, a close over augurs for a test of 7328 to 7342

Sept Aussie Dollar
Recommended Open position, Long 2 at 6559 avg
Support should appear near 6509 to 6483 and 6457.

Resistance should appear near 6577 to 6591 and the 6659 to 6673 region..

               The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 9316 to 9347 and 9429 to 9445, which should cap a rally for a bit.. Above that sellers should appear near 9526 to 9542.

Support should appear near 9156 to 9140 and 9060 to 9044

Sept SP500
Recommended Open position, Short at 980.8
Resistance should appear near 982.10 to 983.70 and the 992.10 to 993.70 region. Beyond that Sellers should appear near 1000 to 1005 then 1018.5 and the 1032 to 1036 region

Support should appear near 973.70 to 970.60 then 964.1 to 962.50 and the 954.20 to 952.60 region..

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

Nasdaq Composite
Resistance should appear near 1672 and the 1689 to 1696 region …
Beyond that sellers should appear near 1731 to 1738
Support should appear near 1655 to 1642 and the 1615 to 1609 region..

September Mini Nasdaq 100
Resistance is at 1232 to 1238 and 1268 to 1274

Support is at 1203 to 1192 and 1169 to 1164

September Ten Year T-Notes
Resistance should appear near 112-07 then 112-23 and 113-07

Support is at 111-23 then 111-04 and 110-23.

The Precious Metals

December Gold
Recommended Open Position, Long 2 at 363.7 avg
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

Sept Copper
Recommended open Position , Short at 7940
Support should appear near 8045 to 8035 and 7955 to 7940

Resistance should appear near 120 to 8135 and 8195 to 8225 ..Beyond that sellers should appear near 8300 to 8315

Sept Silver
Recommended open position , Long at 519.5
Support should appear near 499 to 497.5.Below that buyers should appear near 492.5 to 491.5 and 485.5 to 484.5 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 3194 then 3157 to 3147 and the 3102 to 3092 region.. Under that 3045 to 3036 should contain a decline for a bit BW Traders can buy at 3049 for a bounce and risk a close under 2924 tree days in a row

Resistance is at 3261 to 3270 and the 3315 to 3322 region.

BW Traders should go long if a close over 3241 occurs.

Sept Unleaded Gas
Support should appear near 9345 to 9315 and the 9155 to 9140 region.. BW Traders can buy at 9355 for a bounce, risk a close under 9125 for three days in a row.. Below that support is at 9060 to 9045 and the 8870 to 8855 region..

Resistance should appear near 9525 to 9540 and 9625 to 9645 an extended trade over augurs for a test of 9705 to 9735

Sept Heating Oil
Resistance is at 8485 to 8500 and 8665 to 8685

Support should appear near 8315 to 8300 then 8225 to 8195 and 8135 to 8120..Below that buyers should appear near 8045 to 8025 BW Traders can buy at 8155 and risk a close under 8015 for three days in a row..

BW Traders should go long if a close over 8610 occurs

The Lively Livestock

October Live Cattle
Support should appear near 7602 to 7587 and 7517 to 7487..

Resistance is at 7672 to 7692 then 7727 and 7762

October Lean Hogs
Support is at 5417 then 5357 to 5342 and 5282 to 5257.

Resistance is at 5492 to 5507 Beyond that sellers should appear near 5552 to 5577
BW Traders should go short if a close under 5412 occurs..

February Pork Bellies
Support should appear near 7777 to 7762 then 7692 to 7677 and 7602 to 7587

Resistance is at 7837 to 7867 then 7937 to 7957 and 8027 to 8047

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains

September Soybeans
Resistance is at 535 1/2 and the 549 1/2 to 550 1/2 region..

Support should appear near 528 1/4 to 525 3/4 and 521 1/2 to 520 .. Below that buyers should appear near 513 3./4 to 512 1/2
and 506 3/4 to 505 3/4

November Soybeans
Resistance is at 534 1/2 to 535 1/2 then 541 3/4 to 543 and the 555 3/4 to 557 1/2 region.

Support should appear near 528 1/4 to 525 3/4 and 521 1/2 to 520 .. Below that buyers should appear near 513 3./4 to 512 1/2
BW Traders can buy at 514 1/2 and hold for higher prices..

September Soymeal
Recommended open position , Long at 165.9
Support should appear near 164.2 then 161.5 to 160.9.. Below that buyers should appear near the 157.6 to 156.9 region. BW Traders can buy at 157.8 and risk a close under 152.8 for three days in a row.

Resistance should appear near 168.9 to 169.6 and the 173.1 to 173.8 region

September Soybean Oil
Resistance should appear near 1982 to 1996 and 2034 to 2042

Support should appear near 1953 to 1946.. Under that 1909 to 1902 should contain a decline.
BW Traders can buy at 1914 and risk a close under 1852 for three days in a row.

BW Traders should go long if a close over 1969 occurs

December Corn
Resistance should appear near 218 1/3 and 221 3/4 to 222 3/4

Support is at 217 and the 213 1/2 to 212 3/4 region.. Below that buyers should appear near 208 3/4 to 208
BW Traders can buy at 213 3/4 for a bounce and risk a close under 207 3/4 for three days in a row.

BW Traders should go long if a close over 223 1/4 occurs..

September CBOT Wheat
Support should appear at 356 1/2 to 355 1/4 and the 350 1/4 to 349 1/4 region ..Below that buyers should appear near 344 1/2 to 342 1/4. .. BW Traders can buy at 350 3/4 and hold for higher prices..

Nearby Resistance is at 361 1/4 to 362 1/4 and 366 1/2 to 368 1/4. .
Aggressive BW traders should go long if a close over 362 ¾ occurs…

The Satisfying Softs

September the ‘Monster’ Coffee
Recommended open position , Long at 6230
Support is near 6035 to 6025 and the 5855 to 5805 region.

Resistance should appear near 6255 to 6270 and 6335 to 6350

BW Traders should go long if a close over 6435 occurs..

Sept Cocoa
Support is at1496 to 1484 and the 1459 to 1453 region

Resistance should appear near 1529 to1536 and the 1569 to 1576 region. Beyond that sellers should appear near 1609 to 1615.
BW Traders can sell at 1608 and risk a close over 1659 for three days in a row..

October Sugar
Support should appear near 661 to 656 .. Below that buyers should appear near the 634 to 630 region.

Resistance should appear near 682 to 686 and 704 to 712

December Cotton
Support should appear near 5715 and 5655 to 5640. Below that buyers should appear near 5580 to 5555 and the 5505 to 5490 region..Under that support should appear near 5430 to 5415.. BW Traders can buy at 5435 and hold for higher prices.

Resistance should appear near 5855 to 5880 then 5945 to 5955 and the 6100 to 6115 region..
BW Traders should go long if a close over 5885 occurs..

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 August 11th 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.