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 10th , 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 9th, 2003
2:00 PM Eastern time

The ‘Frenzied’ Forex Front

December Yen
Support should appear near 8560 and 8499 to 8484

Resistance should appear near 8589 then 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 11193
Support should appear at 11155 and 11087..Below that 11010 to 10960 should contain a decline

Resistance is at 11227. and 11300 to 11360

December Swiss Franc
Recommended open position Long 2 7243
Resistance should appear near the 7328 to 7342 region..

Support should appear near 7255 to 7243 and 7206

BW Traders should go long if a close over 7294 occurs

December British Pound
Recommended open position Long 1.5724
Support should appear near 15760 to 1.5690. Below that buyers should appear near 1.5510 and 15350 to 15290 .

Resistance should appear near 1.5842 and 1.5926

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 6509 to 6484 and 6430 to 6417

Resistance should appear near 6577 to 6591

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 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 1383 and 1415 to 1421 ..beyond that sellers should appear near 1453 to 1459

Support is at 1346 to 1334 and 1310 to 1304

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
Recommended open Position Long 382.8
Support should appear at 380.6 to 379.5 and 374.3 to 373.6

Resistance is at 385.8 to 386.7 and 390.9 to 392.9

December Copper
Recommended open Position short 8200
Support should appear near 8135 to 8120 and 8045 to 8030.

Resistance should appear near 8225 then 8300 to 8315 and 8390 to 8405 .

December Silver
Support should appear near 521.5 to 520 then 514 to 512.5 and 506.5 to 505.5.
BW Traders can buy at 507 for a turn higher and hold for higher prices..

Resistance is at 528.5 then 534.5 to 535.5 and 541.5 to 543.0

The Exciting Energies

October Crude Oil
Recommended Open position Long at 3049
Support should appear near 2883 to 2874 then 2829 to 2820 and 2775 to 2758

Resistance is at 2929 to 2937 and 2972 to 2990

October Unleaded Gas
Resistance should appear near 8855 to 8870 and 8935 to 8965

Support should appear near 8685 to 8665 and 8590 to 8560

October Heating Oil
Recommended open Position Long 2 at 7915 avg
Resistance is at 7690 and 7765 to 7775

Support should appear near 7605 to 7585 then 7515 to 7485 and the 7425 to 7415 region

The Lively Livestock

October Live Cattle
Recommended open Position Short 8652
Support should appear near 8687 to 8662 and 8587 to 8557

Resistance is at 8762 to 8777 and 8817

October Lean Hogs
Recommended open Position Short 5547
Support is at 5807 to 5792 and 5732 to 5717

Resistance is at 5912 then 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 602 1/4 to 603 1/2 and 610 1/4 to 611 1/4

Support should appear at 595 3/4 to 594 1/2 and 588 to 585 1/2

December Soymeal
Support should appear near 186.5 to 185.8 and 182.2 to 180.8.

Resistance should appear near 190.2 to 190.9 and 198.2 to 199.6

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
Resistance should appear near 246 1/2 to 246 3/4

Support is at 242 to 241 1/4 and 237 to 235 1/2

December CBOT Wheat
Recommended open Position Long 2 at 372 1/4
Support should appear near 356 1/4 to 355 1/4 and 350 1/4 to 349 1/4

Resistance is at 361 1/4 to 362 1/4 and 366 1/4 to 368

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 1655 to 1642 and 1615 to 1609

Resistance should appear near 1689 to 1696 and 1731 to 1738

October Sugar
Recommended open Position Long 587
Support should appear near 586 to 583. Below that buyers should appear near 562 to 558

Resistance should appear near 601 to 609 and 630 to 634

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

December Cotton
Support should appear near 5955 to 5940 and 5880 to 5855.
BW 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..

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

Tuesday September 9th, 2002
3:00 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.