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, Friday August 15th , 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

Thursday August 14th, 2003
3:45 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 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 11300 to 11330 and 11360

Sept Swiss Franc
Recommended open position, Long 2 at 7399 avg
Resistance should appear near 7328 to 7342 and 7378

Support should appear near 7255 to 7241 and 7206.
BW Traders should go long if a close over 7382 occurs..

Sept British Pound
Support should appear near 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 1.6002 and the 1.6090 to 1.6150 region.
BW Traders should go long if a close over 1.6158 occurs.

Sept Canadian Dollar
Recommended open position, Long 7237
Support should appear near 7143 and 7088 to 7077

Resistance is at 7170 and 7242 to 7255

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 982.10 to 983.70 and 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 973.70 to 970.6 and the 964.10 to 962.50

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 1689 then 1672 and 1655 to 1642

September Mini Nasdaq 100
Resistance is at 1253 and 1268 to 1274

Support is at 1232 and 1203 to 1192

September Ten Year T-Notes
Resistance should appear near 111-04 and 111-31

Support is at 110-07 and 109-23

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 368.2 and the 373 to 374.3 region..

Sept Copper
Recommended open Position , Short at 7940
Support should appear near 7955 to 7940 and 7865 to 7835

Resistance should appear near 8035 to 8045 and 8115 to 8135

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
Recommended open Position , Long at 3049
Support should appear near 3045 to 3036 and 2990 to 2972

Resistance is at 3148 to 3157
BW Traders should go long if a close over 3241 occurs.

Sept Unleaded Gas
Support should appear near 9745 to 9705 and 9540 to 9525

Resistance should appear near 9920 to 9945 and 1.0020 to 1.0040 .. Beyond that a test of 1.0320 to 1.0360

Sept Heating Oil
Recommended open position , Long at 8155
Resistance is at 8300 to 8315 and 8485 to 8500

Support should appear near 8135 to 8115 then 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 7692 to 7672 and 7602 to 7587 .

Resistance is at 7727 and 7762 to 7777

October Lean Hogs
Recommended open position , short at 5285
Support is at 5212 to 5192 and 5142 to 5127

Resistance is at 5257 to 5282 and 5342 to 5357

February Pork Bellies
Support should appear near 7957 to 7937 and 7867 to7837

Resistance is at 8032 to 8047 and the 8192 to 8222 region

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains

September Soybeans
Resistance is at 555 1/4 to 557 3/4 and 564 to 565 1/4

Support should appear near 550 1/2 to 549 1/4 and 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
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 1982 to 1996

Support should appear near 1953 to 1946 and 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 366 1/2 then 362 1/4 to 361 1/4 and 356 1/2 to 355 1/4

Resistance is at 373 to 374 1/2 and 379 1/2 to 380 3/4

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 6035 to 6025.and 5880 to 5855

Resistance should appear near 6105 to 6115 and 6255 to 6270

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 634 to 630 and 609 to 601

Resistance should appear near 656 to 661 and 682 to 686

December Cotton
Support should appear near 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 5640 to 5655 and 5715 to 5730
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

Thursday August 14th 2003
5:45 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.