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 8th , 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 September 8th, 2003
2:30 PM Eastern time

The ‘Frenzied’ Forex Front

December Yen
Support should appear near 8589 to 8560 and 8499 to 8484

Resistance should appear near 8668 to 8683 and 8762 to 8777.
BW Traders can sell at 8757 and risk a close over 8877 for three days in a row.

December Euro Currency (EC)
Recommended Open Position Long 2 at 10826
Support should appear at 11010 to 10960 and 10820…Below that 10680 to 10580 should contain a decline

Resistance is at 11155 and 11227.

Aggressive BW Traders should go long if a close over 11159 occurs.

December Swiss Franc
Recommended open position Long 4 at 7167 avg

Resistance should appear near 7243 to 7255 and the 7328 to 7342 region..

Support should appear near 7206 and 7170 to 7143

BW Traders should go long if a close over 7294 occurs

December British Pound
Support should appear near 1.5690. Below that buyers should appear near 1.5510 and 15350 to 15290 .
BW Traders can buy at 1.5728 and risk a close under 1.5622 for three days in a row..

Resistance should appear near 1.5760 and 1.5842

December Canadian Dollar
Support should appear near 7255 to 7242 and 7207 BW Traders can buy at 7208 and hold for higher prices

Resistance is at 7328 to 7342

BW Traders should go long if a close over 7347 occurs..

December Aussie Dollar
Recommended open Position Long 6438
Support should appear near the 6430 to 6417 and 6350 to 6337

Resistance should appear near 6484 to 6509.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9625 to 9642 and the 9707 to 9737 region

Support should appear near 9542 to 9526 and 9445 to 9429

December SP500
Resistance should appear near the 1032.00 to 1036.00 region, beyond that sellers should appear near 10047and 1058.00 to 1068.00

Support should appear near 1018.50 and 1013.60 to 1010.40

September SP500
Recommended Open position Short at 980.80

Nasdaq Composite
Resistance should appear near 1902 to 1909.. Beyond that sellers should appear near 1946 to 1953

Support should appear near 1865 to 1858 and 1822 to 1808

December Mini Nasdaq 100
Resistance is at 1415 to 1421 ..beyond that sellers should appear near 1453 to 1459

Support is at 1383 to 1377 and 1346 to 1334

December 10 Year T-Note
Resistance should appear near 111-07 and 111-23.

Support is at 110-23. Under that buyers should step in near 110-07 and 109-22

The Precious Metals

December Gold
Support should appear at 374.3 to 373.6 and 368.20 to 366.20.

Resistance is at 379.5 to 380.6 and 385.8 to 386.7.
BW Traders should go long if a close over 380.9 occurs.

December Copper
Support should appear near 8300 and 8225 to 8190.

Resistance should appear near 8390 to 8405 and the 8485 to 8495 region. .. Beyond that sellers should appear near 8560 to 8590
BW Traders can sell at 8555 and risk a close over 8785 for three days in a row..

BW Traders should go short if a close under 8295 occurs..

December Silver
Support should appear near 506.5 to 505.5. BW Traders can buy at 507 for a turn higher and hold for higher prices.. Below that buyers should appear near 499 to 497.5 and 492.5 to 491.

Resistance is at 512.5 to 514.0 and 520 to 521.5.

The Exciting Energies

October Crude Oil
Recommended Open position Long at 3049
Support should appear near 2874 and 2829 to 2820 and 2775 to 2758

Resistance is at 2929 to 2937 and 2972 to 2990

October Unleaded Gas
Recommended Open position Long 9355
Resistance should appear near 8760 to 8775 and 8855 to 8870

Support should appear near 8590 to 8560 and the 8405 to 8390 region

October Heating Oil
Recommended open Position Long at 8155
Resistance is at 7675 to 7690 and 7765 to 7775

Support should appear near 7515 to 7485 and the 7425 to 7415 region

BW Traders should go long if a close over 7610 occurs..

The Lively Livestock

October Live Cattle
Recommended open Position Short 8652
Support should appear near 8587 to 8557 and 8502 to 8482

Resistance is at 8662 to 8687 and 8772 to 8777

BW Traders should go short if a close under 8477 occurs..

October Lean Hogs
Recommended open Position Short 5547
Support is at 5807 to 5792 and 5652 to 5637

Resistance is at 5947 to 5957 and 6022 to 6037..

February Pork Bellies
Recommended open Position 8860
Support should appear near 8967 to 8932 and 8777 to 8762

Resistance is at 9042 to 9062 then 9137 to 9157 and 9237

BW Traders should go short if a close under 8657 occurs

-- Stay Tuned for Livestock Updates and Flashes ---

The Grande’ Grains

November Soybeans
Recommended open Position Long 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 1/4

December Soymeal
Support should appear near 182.2 to 180.8 and 178.0 to 177.4.

Resistance should appear near 185.8 to 186.5 and 190.2 to 190.9

December Soybean Oil
Resistance should appear near 2080 to 2088 and 2126 to 2134

Support should appear near 2042 to 2034 and 1996 to 1982

BW Traders should go long if a close over 2092 occurs.

December Corn
Recommended open Position Short 240 1/4
Resistance should appear near 241 1/4 to 242 and 246 1/2 to 246 3/4

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

December CBOT Wheat
Recommended open Position Long 2 at 372 1/4
Support should appear near 261 1/4 and 356 1/4 to 355 1/4

Resistance is at 366 1/4 to 368 and 373 to 374 1/4

The Satisfying Softs

December the ‘Monster’ Coffee
Recommended open Position Long 7035
Support is near 7005 to 6990 and the 6835 to 6810 region .

Resistance should appear near 7145 to 7175 and the 7325 to 7345 region

December Cocoa
Support is at 1696 to 1689 then 1655 to 1642 and 1615 to 1609

Resistance should appear near 1731 to 1738 and the 1774 to 1780 region

October Sugar
Support should appear near 601 and 586 to 583. BW Traders can buy at 587 for a bounce and risk a close under 554 for three days in a row. Below that support should appear near 562 to 558 and the 538 to 534 region.

Resistance should appear near 630 to 634 then 656 to 661 and 682 to 686.. Beyond that sellers should
appear near .704 to 712

BW Traders should go long if a close over 611 occurs.

December Cotton
Support should appear near 5955 to 5940 and 5880 to 5855. Traders can buy at 5885 and hold for higher prices. Below support is at 5730 to 5715 and 5655 to 5640..

Resistance should appear near 6025 to 6035 and the 6100 to 6115 region.... a close over is friendly and augurs for a test of 6165 to 6190 and the 6335 to 6350 region..

BW Traders should go long if a close over 6120 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 September 8th, 2003
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.