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, Thursday August 14th , 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 August 13th, 2003
1:45 PM Eastern time

The ‘Frenzied’ Forex Front

Sept Yen
Recommended Open Position , Long at 8432
Support should appear near 8391 and 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

Sept Euro Currency (EC)
Recommended Open Position, Long 2 at 11252 avg
Support should appear at 11262 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 11330 to 11360

Sept Swiss Franc
Recommended open position, Long 2 at 7399 avg
Resistance should appear near 7328 to 7342

Support should appear near 7291 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.

Resistance is at 7242 to 7255 and 7291

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

Resistance should appear near 6577 to 6591

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 992.10 to 993.70 . Beyond that Sellers should appear near 1000 to 1005 then 1018.5 and the 1032 to 1036 region

Support should appear near 983.70 to 982.10 and 973.70 to 970.6

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

Nasdaq Composite
Resistance should appear near 1696 and 1731 to 1738

Support should appear near 1672 and 1655 to 1642

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 110-23 and 111-04

Support is at 109-23 and 109-04.

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 and the 373 to 374.3 region..

Sept Copper
Recommended open Position , Short at 7940
Support should appear near 7865 to 7835 and 7780 to 7765

Resistance should appear near 7940 to 7955 and 8035 to 8045

Sept Silver
Recommended open position , Long 2 at 503.5 avg
Support should appear near 499 to 497.5 and 492.5 to 491.5
.
Resistance is at 505.5 to 506.5 and the 512.5 to 513.5 region..

The Exciting Energies

Sept Crude Oil
Support should appear near 3045 to 3036 and 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 3092 to 3102 and 3148 to 3157

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

Sept Unleaded Gas
Recommended open position , Long at 9355
Support should appear near 9445 to 9425 and 9345 to 9315

Resistance should appear near 9525 to 9540 and 9625 to 9645

Sept Heating Oil
Recommended open position , Long at 8155
Resistance is at 8115 to 8135 and 8300 to 8315

Support should appear near 8045 to 8035 and 7955 to 7040

BW Traders should go long if a close over 8610 occurs

The Lively Livestock

October Live Cattle
Support should appear near 7602 to 7587 .

Resistance is at 7692 and 7727 and 7762

October Lean Hogs
Recommended open position , short at 5285
Support is at 5282 to 5257 and 5212 to 5192

Resistance is at 5342 to 5357

February Pork Bellies
Support should appear near 7837 then 7777 to 7762 and 7692 to 7677

Resistance is at 7937 to 7957 and 8032 to 8047

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains

September Soybeans
Resistance is at 549 1/4 to 550 1/2 and 555 1/4 to 557 3/4

Support should appear near 543 to 541 3/4

November Soybeans
Resistance is at 549 1/4 to 550 1/2 and 555 3/4 to 557 1/2

Support should appear near 543 to 541 3/4 and 535 3/4 to 534 1/2

September Soymeal
Recommended open position , Long at 165.9
Support should appear near 173.8 to 173.1 and 169.6 to 168.9

Resistance should appear near 177.4 to 1780

September Soybean Oil
Resistance should appear near 1953 and 1982 to 1996

Support should appear near 1909 to 1902 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
Recommended open position , Long at 229 3/4
Resistance should appear near 231 1/2 to 232 1/4 and 235 1/2 to 237

Support is at 227 1/2 to 226 3/4 and 222 3/4 to 221 3/4

September CBOT Wheat
Recommended open position , Long at 365
Support should appear at 362 1/4 to 361 1/4 then 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 366 1/2 to 368 1/4 and the 373 to 374 1/2 region

The Satisfying Softs

We will be rolling analysis to Dec Coffee and Cocoa over the weekend..
September the ‘Monster’ Coffee
Recommended open position , Long at 6230
Support is near 6115 to 6105 and 6035 to 6025.

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 at 1496 to 1484 and the 1459 to 1453 region

Resistance should appear near 1529 to1536 and the 1569 to 1576 region.

October Sugar
Support should appear near 661 to 656 and 634 to 630

Resistance should appear near 682 to 686

December Cotton
Support should appear near 5640 to 5635 and 5580 to 5555 ..Under that support should appear near 5430 to 5415..
BW Traders can buy at 5435 and hold for higher prices.

Resistance should appear near 5715 to 5730 and 5855 to 5880
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

Wed August 13th 2003
3:15 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.