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, Monday August 18th , 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

"Observation. experience , memory and mathematics --These are what a successful trader must depend on.
A man can have great mathematical ability and unusual power of accurate observation
and yet fail in speculation unless he also possesses the experience and memory. "
-- Reminiscences of a Stock operator --

Saturday August 16th, 2003
9:00 AM 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 8406 , a close over is friendly and augurs for a test of 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 the1.5760 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 7170 to 7143 and 7088 to 7077

Resistance is at 7242 to 7255

Sept Aussie Dollar
Recommended Open position, Long 6570
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 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 9316 and 9156 to 9140

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 1731 to 1738

Support should appear near 1696 to 1689

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 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 366.3 to 368.2.

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 487.5
Support should appear near 492.5 to 491.5 and 485.5 to 484.5
.
Resistance is at 497.5 to 499.5 and 505.5 to 506.5

The Exciting Energies

October Crude Oil
Recommended open Position , Long at 3099
Support should appear near 3045 to 3036 and 2990 to 2972

Resistance is at 3102 and 3148 to 3157
BW Traders should go long if a close over 3241 occurs.

Sept Unleaded Gas
Support should appear near 9835 to 9820 and 9745 to 9705

Resistance should appear near 1.0020 to 1.0040 and 10105 to 10135 .. Beyond that a test of 1.0320 to 1.0360

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 7865 to 7835

The Lively Livestock

October Live Cattle
Support should appear near 7692 to 7672 and 7637.

Resistance is at 7762 to 7777 and 7837 to 7867

October Lean Hogs
Recommended open position , short at 5285
Support is at 5142 to 5127 and 5067 to 5057

Resistance is at 5197 to 5212 and 5257 to 5282

February Pork Bellies
Support should appear near 8047 to 8032 and 7957 to 7937

Resistance is at 8192 to 8222 and the 8297 to 8317 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 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 1946 to 1953

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 374 1/2 to 373 and 368 1/4 to 3661/4

Resistance is at 379 1/2 to 380 3/4 and 385 3/4 to 386 3/4

The Satisfying Softs

December the ‘Monster’ Coffee
Recommended open position , Long at 6290
Support is near 6270 to 6255 and 6135 to 6115

Resistance should appear near 6335 to 6350 and 6415 to 6430
BW Traders should go long if a close over 6355 occurs

December Cocoa
Support is at 1459 to 1453 and 1421 to 1415 and the 1383 to 1377 region Below that 1346 to 1334 should contain a decline ..
BW Traders can buy at 1424 for a bounce and risk a close under 1372 for three days in a row.

Resistance should appear near 1484 to 1496 then1529 to1536 and the 1569 to 1576 region. Beyond that sellers should appear near 1609 to 1615

BW Traders should go long if a close over 1499 occurs

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

Saturday August 15th 2003
10:25 AM, 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.