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 June 7th, 2002
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
Description of Services  Premier Service

             
           "Those who do not remember the past are condemned to repeat it."
                                                                                              -George Santayana-

Thursday June 6th, 2002
6:00 PM  e.s.t.  

                                     The ‘Frenzied’ Forex Front   
**Forex : We will be rolling analysis to September over the weekend... 

June Yen 
Recommended open BW position , long at 8082
Support should appear near  8044 to 8029 and the 7954 to 7939 region.. well-heeled aggressive traders can buy at 7955 and risk a close under 7901 for three days in a row..

Resistance should appear near 8119 to 8134 and the 8195 to 8224 region.  

June Euro Currency (EC)
Support should appear at 9445 to 9429 and 9388 .

Resistance is at 9526 to 9542  

June Swiss Franc
Recommended open BW position , long at 6390
Resistance should appear near 6430  and the 6482 to 6509 region  

Support should appear near 6417 and 6382 then  6350 to 6337 

June  British Pound
Recommended open BW position , long at 1.4612
Support should appear near 1.4560 and 14530 
Resistance is at 1.4662 and 1.4710

June Canadian Dollar
Recommended open BW position , long at 6514
Support should appear at the 6509 to 6482 region 

Resistance is at 6543 and 6577 to 6591, a close over is friendly and augurs for a test of 6655 to 6675  

BW Traders should go long if a close over 6593 occurs..

June Aussie Dollar

Support is at 5729 to 5716 and 5653 to 5640 
Resistance is at 5792 to 5808 

                          The Sensational Stock and Bond Markets  

Dow Jones Industrial Average
Resistance should appear near 9625 to 9641 and  9706 to 9737
Support should appear near 9542 to 9526 and  9445 to 9429

June SP500  
Resistance is at 1032 to 1036 and 1047
Support should appear near 1005 to 1000 and the 993.70  to 992.1  region.

Nasdaq Composite
Resistance is at 1569 to 1576 
Support should appear near 1535 to 1529 and the 1496 to 1484 region. 

June Mini Nasdaq 100
Resistance is at 1130 to 1136 and 1164 to 1169
Support is at 1101 to 1096 and 1068 to 1058

Sept 10 Year  T-Note
Resistance should appear near  106-07 and 106-22
Support is at 105-12 then 105-04 and 104-23


                                                    Precious Metals 

August Gold
Recommended open BW position , long at 323.1
Support should appear at  321.3 to 319.4 

Resistance is at 326.2 to 327. and 331.9 to 332.8 

BW Traders should go long / add if a close over 333.3 occurs

July Copper
Recommended open BW position Short at 7320.
Support should appear near 7780 to 7760  and 7690 to 7675

Resistance should appear near the 7835 to 7865 and 7945 to 7955. 

July Silver
Recommended open BW position , long at 499.5
Support should appear near 497 and 492.5 to 491.5 then 486 to 484.5 .  
Resistance is at  503.5 to 506.5 ....

Stay tuned for Updates
       
                                        The Exciting Energies

July Crude Oil
Recommended open BW position , long at 2622
Support should appear near the 2469 to 2461 region. Under that 2419  2411 should  contain a 
decline for a bit.. 

Resistance is at 2512 to 2519 and 2552 to 2568

July Unleaded Gas
Support should appear near 7515 to 7485 and 7430 to 7410  .

Resistance is at 7675 to 7690 and 7760 to 7780  

July Heating Oil 
Resistance is at 6415 to 6430.and 6485 to 6505 
Support should appear near  6335 and 6270 to 6255 .

                                     The Lively Livestock

August Live Cattle
Support should appear at 6117 to 6102 and 6037 to 6022 

Resistance is at 6162 to 6192 and 6257

July Hogs 
Support is at  4857 to 4842  

Resistance is at 4912 to 4927 region.. Beyond that sellers should appear near  4972 to 4997 and the 5032 to 5067 region.  BW Traders can sell at 4972 and risk a close over 5072 for three days in a row.

July Pork Bellies
Support should appear at the 5552. Below that a test of 5507 to 5492 is likely 
Resistance is at  5577 and  5637 to 5657 , beyond that 5717 to 5732 should cap a rally... 

    -Stay tuned for Livestock and Belly Updates and Flashes-

                           The Grande’ Grains

July Soybeans
Recommended open BW position , long at 514 1/4
Resistance is at  520 to 521 1/4  
Support should appear at 512 3/4  and 506 1/2 to 503 3/4.. Under that buyers should appear near 499 1/2 to 4971/2 .  BW Traders can buy at 497 1/2 and hold for higher prices..   

July Soybean Meal
Recommended open BW position , long at 167.1
Support should appear near 168.9 then 167.1 and 165.5 to 164.2,which should  contain a decline for a bit..   BW Traders can buy at 165.8 and risk a close under 163.8 for three days in a row. 

Resistance is at  173.1 to 173.8

July Soybean Oil 
Support is near 1865 to 1858 and 1822 to 1808..BW Traders can buy at 1823 and hold for higher prices.. Resistance should appear near  the 1902 to 1909 region. 

July Corn
Recommended open BW position , long 2 at  211 1/4  avg
Resistance should appear near 212 3/4  to 213 1/2  

Support is at  208 3/4 to 208 

July Wheat
Recommended open BW position , long at 282 1/4
Support should appear at 277 1/2 to 275 3/4 and 272 1/2 to 271 3/4. 
BW  Traders can buy at 277 3/4 and risk a close under 271 for three days in a  row.

Resistance is at 282 to 282 3/4 and 287 1/2 to 288 1/4 
 

                                                 The Satisfying Softs  

* We will be rolling analysis to the next active month in Softs over the weekend .

July Cocoa 
Resistance is at the 1569 to 1576 and 1609 to 1615
Support should appear near  the 1535 to 1529 region.  BW Traders can buy at 1537 and risk a close under 1479 for three days in  row 

BW Traders should go long if a close over 1617 occurs..

July Coffee
Recommended open BW position , long 2  at 5075 avg
Support is near  4995 to 4970  and 4930 to  4915.

Resistance should appear near 5035 to 5060 and 5125 to 5140 

Aggressive BW Traders should go long if a close over 5225 occurs..

July Sugar
Recommended open BW position , long 2 at  582 avg 

Support should appear near 538 to 534 . 
Resistance should appear near 558 to 562

July Cotton  
Support should appear near 3870 to 3855 and the 3810 to 3795 region..  BW Traders can buy at 3815 for a bounce and risk a close under 3720 for three days in a row..

Resistance is at 3980 to 3995 and the 4045 to 4065 region....

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

Happy Trading !
Bill  
bill@futurescom.com
1--561-433-2995

Thursday June 6th, 2002
7:25 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.