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 29th , 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 28th, 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 7074 to 7088

Support should appear near 7038 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 1.5760 and 1.5842

Sept Canadian Dollar
Support should appear near 7143 and 7115

Resistance is at 7170 and 7206

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

Sept Aussie Dollar
Support should appear near 6350 to 6335

Resistance should appear near 6417 to 6430

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9429 to 9445

Support should appear near 9347 to 9316

Sept SP500
Recommended Open position Short at 980.80
Resistance should appear near 1005.00 and 1018.5

Support should appear near 1000.00 then 993.70 to 992.10 and 983.70 to 982.10

Nasdaq Composite
Resistance should appear near 1808 to 1822
Support should appear near 1780 to 1774

September Mini Nasdaq 100
Resistance is at 1334 to 1346 and 1377 to 1383

Support is at 1310 to 1304

Sept Ten Year T-Notes
Resistance should appear near 111-23 and 112-07

Support is at 111-07 and 110-23

The Precious Metals

December Gold
Recommended Open Position Long 2 at 368.7 avg
Support should appear at 368.2 to 366.3 and 362.3 to 361.3

Resistance is at 373 to 374.3 and 379.5 to 380.6

December Copper
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 513.5 to 512 and 506.5 to 505.5

Resistance is at 520 to 521.5 and 525.5 to 528.5

The Exciting Energies

October Crude Oil
Support should appear near 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 3157 and 3194 to 3213

BW 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 then 9060 to 9045 and 8875 to 8855

Resistance should appear near 9235 and 9315 to 9345

October Heating Oil
Recommended open Position Long 2 at 8205 avg
Resistance is at 8300 to 8315 and 8390 to 8405

Support should appear near 8135 to 8120..Below that buyers should appear near 8045 to 8025 and the 7955 to 7940 region

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 8197 and 8137 to 8117

Resistance is at 8222 and 8302 to 8317

October Lean Hogs
Support is at 5417 then 5357 to 5342 and 5282 to 5257

Resistance is at 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 8407 to 8392 and 8317 to 8302 ..

Resistance is at 8562 to 8592 and 8762 to 8777

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains

November Soybeans
Resistance is at 594 1/2 to 595 3/4 and 602 1/4 to 603 1/2

Support should appear at 585 1/2 and 580 1/2 to 579 1/2

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

December Soymeal
Support should appear near 182.2 to 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 2034 to 2042 and 2080 to 2088

Support should appear near 1996 to 1982 and 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 241 1/4 to 241 3/4..

Support is at 237 to 235 1/2 and 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 368 1/4 to 366 1/4 and 362 1/2 to 361 1/4.
BW Traders can buy at 362 3/4 for a turn higher risk a close under 354 3/4 for three days in a row.

Resistance is at 373 to 374 1/2 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 6190 to 6165

Resistance should appear near 6335 to 6350 and 6415 to 6430

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

December Cocoa
Support is at 1738 to 1731 and 1696 to1689

Resistance should appear near 1774 to 1780 and 1808 to 1822

October Sugar
Support should appear near 634 to 630 .

Resistance should appear near 656 to 661

December Cotton
Recommended open Position Long at 5835
Support should appear near 5805 to 5790 then 5730 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 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..

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 28th
3:50 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.