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 19th , 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 18th, 2003
3:30 PM Eastern time

The ‘Frenzied’ Forex Front

Sept Yen
Recommended Open Position , Long 2 at 8395 avg
Support 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 8391 to 8406

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

Resistance is at 11155 and 11227

Sept Swiss Franc
Recommended open position, Long 2 at 7399 avg
Resistance should appear near 7241 to 7255

Support should appear near 7170 to 7143.

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 1.5926 and the 1.6090 to 1.6150 region.

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 9429 to 9445, which should cap a rally for a bit..  Above that sellers should appear near 9526 to 9542.

Support should appear near 9347 to 9316

Sept SP500
Recommended Open position, Short at 980.8
Resistance should appear near 1000 to 1005 then 1018.5 and the 1032 to 1036 region

Support should appear near 993.70 to 992.10

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

Nasdaq Composite
Resistance should appear near 1756 and 1774 to 1780

Support should appear near 1738 to 1731 and 1713.5

September Mini Nasdaq 100
Resistance is at 1304.00 to 1310.00

Support is at 1274 to 1268

September Ten Year T-Notes
Resistance should appear near111-23 and 112-07

Support is at 110-23 and 110-07

The Precious Metals

December Gold
Recommended Open Position, Long 2 at 363.7 avg
Support should appear at 356.3 to 355.3

Resistance is at 361.3 to 362.3.

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

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 8035 to 8045 and 8115 to 8135

Support should appear near 7955 to 7940 and 7865 to 7835

The Lively Livestock

October Live Cattle
Support should appear near 7837 and 7777 to 7762

Resistance is at 7867 and 7940 to 7955

October Lean Hogs
Support is at 5212 to 5197 and 5142 to 5127

Resistance is at 5287 and 5342 to 5357

February Pork Bellies
Support should appear near 8137 to 8117 and 8047 to 8032

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 585 3/4 to 588 and the 602 1/4 to 603 1/2 region

Support should appear near 580 1/2 to 579 1/4 and 572 3/4 to 571 3/4

November Soybeans
Resistance is at 585 3/4 to 588 and 594 1/2 to 595 3/4

Support should appear near 579 1/4 then 572 3/4 to 571 3/4 and 565 1/4 to 564

September Soymeal
Support should appear near 186.5 to 185.6 and 182.2 to 180.8

Resistance should appear near 190.2 to 190.9 and 194.6 to 195.3

September Soybean Oil
Recommended Open Position Long 2006
Resistance should appear near 2034 to 2042

Support should appear near 1996 to 1982

December Corn
Resistance should appear near 241 1/4 to 241 3/4.. Beyond that sellers should appear near 246 ¼ to 246 ¾ ..
BW Traders can sell at 245 ¾ and risk a close over 257 ¼ for three days in a row..

Support is at 237 to 235 1/2 and 232 1/4 to 231 1/2

September CBOT Wheat
Recommended open position , Long at 365
Support should appear at 380 3/4 to 379 1/2 and 374 1/2 to 373

Resistance is at 385 3/4 to 386 3/4 and the 390 3/4 to 392 3/4 region.

The Satisfying Softs

December the ‘Monster’ Coffee
Recommended open position , Long at 6290
Support is near 6190 to 6165 and 6135 to 6115

Resistance should appear near 6255 to 6270 and 6335 to 6350
BW Traders should go long if a close over 6355 occurs

December Cocoa
Recommended open position , Long at 1508
Support is at 1496 to 1484 and 1459 to 1453

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 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

Monday August 18th 2003
4:30 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.