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 Sept 3rd , 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 September 2nd, 2003
2:00 PM Eastern time

The ‘Frenzied’ Forex Front

Sept Yen
Support should appear near 8589 to 8560

Resistance should appear near 8668 to 8683

Sept Euro Currency (EC)
Recommended Open Position Long 10912
Support should appear at 10680 to 10630

Resistance is at 10820 and 10890

December Euro currency( EC )
Recommended Open Position Long 2 at 10827

Sept Swiss Franc
Recommended open position long 2 at 7079
Resistance should appear near the 7074 to 7088

Support should appear near 7003 to 6990

December Swiss Franc
Recommended Open Position Long 2 at 7092

Sept British Pound
Support should appear near 1.5640 Below that buyers should appear near 1.5510 and 15350 to 15290

Resistance should appear near 1.5690 to1.5726 and 1.5760

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

Resistance is at 7242 to 7255

Sept Aussie Dollar
Support should appear near 6350 to 6337

Resistance should appear near 6417 to 6430

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 9526 to 9542

Support should appear near 9445 to 9429

Sept SP500
Recommended Open position Short at 980.80
Resistance should appear near 1018.5 and 1032 to 1036

Support should appear near 1013.6 to 1010.40

Nasdaq Composite
Resistance should appear near 1858 to 1865

Support should appear near 1822 to 1808

September Mini Nasdaq 100
Resistance is at 1377 to 1383

Support is at 1346 to 1334

December Ten Year T-Notes
Resistance should appear near 108-24 and 109-07

Support is at 108-04 and 107-22

The Precious Metals

December Gold
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 8135 to 8102 and 8045 to 8030

Resistance should appear near 8195 to 8225 and 8300 to 8315

December Silver
Support should appear near 499 to 497.5 Below that buyers should appear near 492.5 to 491.5 and the 485.5 to 484.5 region.
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
Recommended Open Position Long at 3049
Support should appear near 2927 to 2928.and 2883 to 2874

Resistance is at 3036 to 3045

October Unleaded Gas
Recommended open Position Long at 9355
Support should appear near 8410 to 8390 and 8315 to 8300

Resistance should appear near 8560 to 8590 and 8760 to 8775

October Heating Oil
Recommended open Position Long 8155
Resistance is at 7765 to 7780 and 7835 to 7865

Support should appear near 7605 to 7585

The Lively Livestock

October Live Cattle
Recommended open Position Short at 8112
Support should appear near 8317 to 8302

Resistance is at 8392 to 8407

October Lean Hogs
Support is at 5507 to 5492 and 5432 to 5417

Resistance is at 5552 to 5577.and 5637 to 5652 ,, BW Traders can sell at 5547 and risk a close over 5732 for three days in a row.

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 579 1/4 to 580 1/2

Support should appear at 572 3/4 to 571 3/4 and 565 1./2 to 564
BW Traders can buy at 565 3/4 and risk a close under 554 3/4 for three days in a row.

December Soymeal
Recommended Open Position Long at 179
Support should appear near 173.8 to 173.1

Resistance should appear near 177.4 to 178.0

December Soybean Oil
Recommended Open Position Long at 2086
Resistance should appear near 2080 to 2088

Support should appear near 2042 to 2034 and 1996 to 1982

December Corn
Resistance should appear near 2411/4 to 242

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 at 381 1/2
Support should appear at 374 1/4 to 373 and 368 1/4 to 366 1/4

Resistance is at 379 1/2 to 380 1/2

The Satisfying Softs

December the ‘Monster’ Coffee
Recommended open Position Long 6395
Support is near 6270 to 6255 and 6190 to 6165

Resistance should appear near 6415 to 6430 and 6495 to 6510

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

December Cocoa
Support is at 1696 to1689

Resistance should appear near 1738 and the 1774 to 1780 region

October Sugar
Support should appear near 609 to 601 .

Resistance should appear near 630 to 634

December Cotton
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 –

Happy Trading !

Bill wil@futurescom.com

1-561-433-2995

Tuesday September 3rd
2:50 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.