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 Sept 2nd , 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

Saturday August 30th, 2003
8:15 AM Eastern time

The ‘Frenzied’ Forex Front

Sept Yen
Support should appear near 8560 and 8499 to 8484

Resistance should appear near 8589 and the 8668 to 8683 region

Sept Euro Currency (EC)
Recommended Open Position Long 4 at 11082 avg
Support should appear at 10960 and 10890

Resistance is at 11010 and 11082

Sept Swiss Franc
Recommended open position long 4 at 7238 avg
Resistance should appear near the 7143 to 7170 and 7242 to 7255

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 1.5760 and 1.5842

Sept Canadian Dollar
Recommended Open Position Long at 7213
Support should appear near 7206 and 7170 to 7143

Resistance is at 7242 to 7255

Sept Aussie Dollar
Support should appear near 6430 to 6417

Resistance should appear near 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 9429 to 9445 and 9526 to 9542

Support should appear near 9347 top 9316

Sept SP500
Recommended Open position Short at 980.80
Resistance should appear near 1010.40 to 1013.60 and 1018.5

Support should appear near 1003.70 to 1002.10 and 993.70 to 992.10

Nasdaq Composite
Resistance should appear near 1815 to 1822 and 1858 to 1865

Support should appear near 1780 to 1774

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

Support is at 1334 and 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 374.3 to 373 and 368.2 to 366.3

Resistance is at 379.5 to 380.6 and 385.8 to 386.7

December Copper
Support should appear near 8045 to 8030

Resistance should appear near 8120 to 8135 and 8195 to 8225

December Silver
Support should appear near 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 3148 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 and the 3261 to 3270 region

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 9315 to 9345 and 9420 to 9445

October Heating Oil
Recommended open Position Long 8155
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 8222 to 8192 and 8137

Resistance is at 8302 to 8317 and 8392 to 8407

October Lean Hogs
Support is at 5432 to 5417 and 5357 to 5342

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
Recommended Open Position Long at 589
Resistance is at 594 1/2 to 595 3/4 and 602 1/4 to 603 1/2

Support should appear at 588 to 585 1/2 and 580 1/2 to 579 1/2

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
Recommended Open Position Long at 2086
Resistance should appear near 2088 and 2126 to 2134

Support should appear near 2042 to 2034 and 1996 to 1982

December Corn
Resistance should appear near 246 1/4 to 246 3/4 .

Support is at 237 to 235 1/2

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

December CBOT Wheat
Recommended open Position Long 2 at 377 3/4 avg
Support should appear at 380 3/4 to 379 1/2 and 373 1/4 to 373

Resistance is at 385 3/4 to 386 3/4 and 390 3/4 to 393 3/4

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 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 609 to 601 .

Resistance should appear near 630 to 634 and 645

December Cotton
Recommended open Position Long at 5835
Support should appear near 5880 to 5855 and 5805 to 5790

Resistance should appear near 5945 to 5955 and the 6100 to 6115 region..

A Ship in Harbor is Safe.. But that is not what ships are built for –

Have a Safe and Happy Holiday !

Bill wil@futurescom.com

1-561-433-2995

Saturday August 30th
9:30 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.