Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500-
Precious Metals - Energy - Livestock - Grains - Softs
FuturesCom Investment Publications
Morning Comments, Monday June 10th, 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
“Accomplishments will prove to be a journey, not a destination.”
-Dwight D. Eisenhower-
Sunday June 9th, 2002
3:00 PM e.s.t.
The ‘Frenzied’ Forex Front
Sept Yen
Support should appear near 8044 to 8029 and the 7954 to 7939 region..
Resistance should appear near 8082 and 8119 to 8134.. Beyond that sellers should appear near the 8195 to 8224 region and 8300 to 8314.. BW Traders can sell at 8299 and hold for lower prices..
Sept Euro Currency (EC)
Support should appear at 9388...BW Traders can buy at 9389 and hold for higher prices..
Below that buyers should appear near 9347 to 9316..BW Traders can buy at 9348 and risk a close under 9304 for three days in a row.
.
Resistance is at 9429 to 9445 , a close over is friendly and augurs for a test of 9526 to 9542 and eventually the 9625 to 9641 region.
BW Traders should go long if a close over 9447 occurs
Sept Swiss Franc
Resistance should appear near 6482 to 6509 region . Beyond that a test of 6577 to 6591 is likely..
Above that sellers should appear near the 6659 to 6671 region..BW Traders can sell at 6658 for a turn lower., risk a close over 6674 for three days in a row.
Support should appear near 6430 to 6417, BW traders can buy at 6431 and hold for higher prices.. Below that support is at 6382 and the 6350 to 6337 region..BW Traders can buy at 6354 and risk a close under 6332 for three days in a row.
Sept British Pound
Support should appear near 1.4436 and 1.4376. BW Traders can buy at 1.4376 occurs.
Resistance is at 1.4530 to 1.4590, a close over is friendly and augurs for a test of 1.4710 and eventually the
1.4840 to 1.4960 region.
BW Traders should go long if a close over 1.4594 occurs.
Sept Canadian Dollar
Support should appear at the 6509 to 6482 region.. BW traders can buy at 6496 and risk a close under
6478 for three days in a row. .. Below that buyers should appear near 6430 to 6417..
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 6547 occurs..
Support is at 5653 to 5640 ..BW Traders can buy at 5655 and hold for higher prices.. Under that buyers should appear near 5577 to 5553..
Resistance is at 5716 to 5729 , a close over is friendly and augurs for a test of 5792 to 5808 and eventually the 5855 to 5880 region.. BW Traders can sell at 5854 for a turn lower .. risk a close over 5884 for three days in a row.
BW Traders should go long if a close over 5733 occurs.
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 1150 and 1164 to 1169
Support is at 1136 to 1132, a slip under augurs for a test of 1101 to 1096
Sept 10 Year T-Note
Resistance should appear near 105-23 and 106-07 then 106-22
Support is at 105-04 and 104-23
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 .
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 7485 and 7430 to 7410
Resistance is at 7515 and 7585 to 7605
July Heating Oil
Resistance is at 6335 to 6350 and 6415 to 6430.. Beyond that a test of 6485 to 6505 is likely.
Support should appear near 6270 to 6255 and the 6195 to 6165 region .
The Lively Livestock
August Live Cattle
Support should appear at 6102 and 6037 to 6022
Resistance is at 6162 to 6192 and 6257
July Hogs
Support is at 4857 to 4842 and the 4787 to 4772 region. Below that support is at 4717 to 4692
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 5432 to 5417 and the 5357 to 5342 region. . Below that a test of 5212
to 5197 is likely
Resistance is at 5552 to 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 512 1/2 to 514
Support should appear at 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
Support should appear near 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 168.9 to 169.6 , a close over is friendly and augurs for a test of 173.1 to 173.8
July Soybean Oil
Support is near 1822 to 1808..BW Traders can buy at 1823 and hold for higher prices.. Below that buyers should appear near 1780 to 1774
Resistance should appear near 1858 to 1869 and the 1902 to 1909 region.
July Corn
Recommended open BW position , long 2 at 211 1/4 avg
Resistance should appear near 208 to 208 3/4
Support is at 204 1/4 to 203 3/4
July Wheat
Recommended open BW position , long 2 at 280 avg.
Support should appear at 272 1/2 to 271 3/4.
Resistance is at 275 3/4 to 277 1/2
The Satisfying Softs
Sept Cocoa
Resistance is at the 1569 to 1576
Support should appear near the 1535 to 1529 region. Below that support is at 1496 to 1484 BW Traders can buy at 1497 and risk a close under 1479 for three days in row
BW Traders should go long if a close over 1554 occurs..
Sept Coffee
Recommended open BW position , long 2 at 5190
Support is near 5140 to 5130 and 5065 to 5035 .
Resistance should appear near 5200 to 5210 and 5255 to 5285
Oct Sugar
Recommended open BW position , long 2 at 556
Support should appear near 538 to 534 .
Resistance should appear near 558 to 562 and 572
December Cotton
Support
Resistance is at 4370 to 4385 and the 4425 to 4450 region. Beyond that a test of 4505 to 4515
region is likely.
Happy Trading !
Bill
bill@futurescom.com
1--561-433-2995
Sunday June 9th , 2002
4:20 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.