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, Wed August 27th , 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

Tuesday August 26th, 2003
2:30 PM Eastern time

The ‘Frenzied’ Forex Front

Sept Yen
Support should appear near 8499 to 8484 and 8406 to 8391 BW Traders can buy at 8411 and risk a close under
8387 for three days in a row….

Resistance should appear near 8560 to 8589

Sept Euro Currency (EC)
Recommended Open Position Long 4 at 11082 avg
Support should appear at 10822 and10680 to 10580

Resistance is at 10890 and 10960 to 11010

Sept Swiss Franc
Recommended open position long 4 at 7238 avg
Resistance should appear near the 7143 to 7170 region

Support should appear near 7088 to 7074 and 7003 to 6990

Sept British Pound
Recommended Open Position Long at 1.5768
Support should appear near 1.5690 Below that buyers should appear near 1.5510 and 15350 to 15290

Resistance should appear near 1.5726 to 1.5760

Sept Canadian Dollar
Support should appear near 7170 to 7142 and 7115

Resistance is at 7206 and 7242 to 7255

BW Traders should go long if a close over 7177 occurs.

Sept Aussie Dollar
Support should appear near 6417 and 6383

Resistance should appear near 6430 and 6483 to 6509

BW Traders should go long if a close over 6513 occurs.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9347 and 9429 to 9445

Support should appear near 9316 and 9156 to 9140

Sept SP500
Recommended Open position Short at 980.80
Resistance should appear near 993.70 and 1000.00 to 1005.00

Support should appear near 987.90 then 983.70 to 982.10 and 973.70 to 970.60

Nasdaq Composite
Resistance should appear near 1774 to 1780

Support should appear near 1756 and 1738 to 1731

September Mini Nasdaq 100
Resistance is at 1304 to 1310 and 1334 to 1346

Support is at 1289 and 1274 to 1268

Sept Ten Year T-Notes
Resistance should appear near 111-07 and 111-23

Support is at 110-23 and 110-07

The Precious Metals

December Gold
Recommended Open Position Long at 364.1
Support should appear at 362.3 to 361.3 and the 356.3 to 355.3 region.

Resistance is at 368.2 and 373 to 374.3
BW Traders should go long if a close over 368.7 occurs…

December Copper
Recommended open Position Short at 8110
Support should appear near 7955 to 7940 and 7865 to 7835

Resistance should appear near 8030 to 8045 and 8120 to 8135.

December Silver
Support should appear near 499 to 497.5.Below that buyers should appear near 492.5 to 491.5 485.5 to 484.5
BW Traders can buy at 493.0 and risk a close under 483 for three days in a row.

Resistance is at 505.5 to 506.5 and 512.5 to 514.. Beyond that a test of 520 to 521.5 is likely..

The Exciting Energies

October Crude Oil
Support should appear near 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 for three days in a row.

Resistance is at 3194 to 3213 then 3261 to 3270 and the 3315 to 3322 region.. Beyond that a test of 3377 to 3387 is likely Above that sellers should appear near 3425 to 3443 and the 3493 to 3503 region..

Traders should go long if a close over 3217 occurs.

October Unleaded Gas
Recommended open Position Long at 9355
Support should appear near 9155 to 9140 and 9060 to 9045

Resistance should appear near 9425 to 9445 and 9525 to 9545

October Heating Oil
Recommended open Position Long at 8250
Resistance is at 8485 to 8510

Support should appear near 8315 to 8300 then 8225 to 8195 and 8135 to 8120..Below that buyers should appear near 8045 to 8025 and the 7955 to 7940 region..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
Recommended open Position Short at 8112
Support should appear near 8042 to 8027 and 7957 to 7937

Resistance is at 8117 to 8137 and 8192 to 8227

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

Resistance is at 5417 to 5432 and 5492 to 5507 Beyond that sellers should appear near 5552 to 5577 BW Traders can sell at 5547 and risk a close over 5732 for three days in a row.

BW Traders should go short if a close under 5312 occurs..

February Pork Bellies
Support should appear near 8317 to 8302 .. Below that buyers should appear near the 8137 to 8117 region.

Resistance is at 8482 to 8502 and 8562 to 8592

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains

November Soybeans
Resistance is at 579 1/4 to 580 1/2 then 585 1/2 to 588 and 594 1/2 to 595 3/4

Support should appear at 572 3/4 to 571 3/4. Below that support is at 565 ½ to 564 and the 557 3/4 to 555 1/2 region.
BW Traders can buy at 565 3/4 and risk a close under 554 3/4 for three days in a row.

BW Traders should go long if a close over 588 3/4 occurs

December Soymeal
Support should appear near 180.8..Below that buyers should appear near the 178.0 to 177.4
BW Traders can buy at 179.7 and risk a close under 172.7 for three days in a row.

Resistance should appear near 185.8 to 186.5, a close over is friendly and augurs for a test of 190.2 to 190.9 and the 194.6 to 195.3 region
BW Traders should go long if a close over 186.9 occurs..

December Soybean Oil
Resistance should appear near 1989 to 1996 and 2034 to 2042

Support should appear near 1953 to 1946..BW Traders can buy at 1968 and risk a close under 1897 for three days in a row.

BW Traders should go long if a close over 2047 occurs

December Corn
Resistance should appear near 237 and the 241 1/4 to 241 3/4 region..

Support is at 232 1/4 to 231 1/2

BW Traders should go short if a close under 234 3/4 occurs

December CBOT Wheat
Recommended open Position Long at 373 3/4
Support should appear at 373 3/4 then 368 1/4 to 366 1/4 and 362 1/2 to 361 1/4.
BW Traders can buy at 362 ¾ for a turn higher risk a close under 354 3/4 for three days in a row.

Resistance is at 376 3/4 and 379 1/2 to 380 3/4

Aggressive BW traders should go long if a close over 381 1/4 occurs.

The Satisfying Softs

December the ‘Monster’ Coffee
Recommended open Position Long 2 at 6345 avg
Support is near 6270 to 6255 and the 6115 to 6105 region

Resistance should appear near 6335 to 6350 and 6415 to 6430

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

December Cocoa
Recommended open Position Short at 1610
Support is at 1731 and 1696 to 1689

Resistance should appear near 1756 and 1774 to 1780

October Sugar
Support should appear near 661 to 656.

Resistance should appear near 682 to 686..

December Cotton
Support should appear near 57630 to 5715 and 5655 to 5640. Below that buyers should appear near 5580 to 5555 and the 5505 to 5490 region..Under the buyers should appear near 5430 to 5415.
BW Traders can buy at 5435 and hold for higher prices.

Resistance should appear near 5790 to 5805 and the 5855 to 5880 region. A close over is friendly and augurs for a test of 5945 to 5955 and the 6100 to 6115 region.. Traders should go long if a close over 5815 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 25th
3:30 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.