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FuturesCom Investment Publications
Morning Comments, Tuesday June 18th, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Morning Comments
Monday , July 17th , 2002
3:00 PM e.s.t.

The ‘Frenzied’ Forex Front

September Yen
Recommended open BW position , Short at 8074
Support should appear near 8044 to 8029 and the 7954 to 7939 region...
Resistance should appear near 8119 to 8134 and the 8195 to 8224 region.

September Euro Currency (EC)
Support should appear at 9388 and 9347 to 9316 .. Below that support should appear near 9237 and the 9156 to 9140 region.. BW Traders can buy at 9239 and risk a close under 9140 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

BW Traders should go long if a close over 9447 occurs..

Stay tuned for Updates …

September Swiss Franc
Recommended open BW position , long at 6425
Resistance should appear near the 6417 to 6430, a close over is friendly and augurs for a test of 6482 to 6509

Support should appear near 6350 to 6337 and 6304. BW Traders can buy at 6353 for a bounce and risk a close under 6301 for three days in a row.

BW Traders should go long if a close over 6433 occurs.

September British Pound
Recommended open BW position , long at 1.4710

Support should appear near 1.4590 to 14530 and 1.4372. Traders can buy at 1.4592 for a turn higher and hold for higher prices.. Below that support should appear near 1.4210 to 1.4150

Resistance is at 1.4710, a close over is friendly and augurs for a test of the 1.4840 to 1.4960 regions. .. Beyond that a test of 15290 to 15350 is likely.

September Canadian Dollar
Recommended open BW position , long at 6496
Support should appear at 6430 to 6417 .

Resistance is at 6482 to 6509,

BW Traders should go long if a close over 6512 occurs..

September Aussie Dollar
Recommended open BW position , long at 5655
Support is at 5504 to 5492 should contain a decline for a bit.. Below that Buyers should appear near 5430 to 5418 and the 5356 to 5344 region.

Resistance is at 5553 to 5577

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
On the Upside Nearby Resistance should appear near 9706 to 9737 region. Beyond that sellers should appear near 9821 to 9837 and the 10,021 to 10,037 region

On the Downside Nearby Support should appear near 9642 to 9625 and 9542 to 9526.

September SP500
Recommended open BW position , Short at 1031.90
Resistance is at 1047 and the 1058 to 1068 region. .
Support should appear near 1032, a close under augurs for a test of 1018.5 and eventually 1005 to 1000.
BW Traders should go short if a close under 1002.5 occurs.

Nasdaq Composite
Resistance is at 1569 to 1576 and the 1609 to 1615 region.
Support should appear near 1535 to 1529 and 1512.5

September Mini Nasdaq 100
Nearby Resistance is at 1163 to 1169, beyond that sellers should appear near 1192 to 1203.
Nearby support is at 1150 and 1136 to 1130

Sept 10 Year T-Note
Resistance should appear near 107-05 and 107-23

Support is at 106-23 and 106-04, a close under is negative and augurs for a test of 105-23 and 105-04 which should contain a decline for a bit… .

Precious Metals

August Gold
Recommended open BW position , long at 320.60
Support should appear near the 315.7 to 314.8 region.. Under that buyers should appear near 310.2 to 309.2 and 306.8.. BW Traders can buy at 310.5 and risk a close under 303.3 for three days in a row..

Resistance is at 319.4 to 321.3 , a close over is friendly and augurs for a test of 326.1 to 327. Beyond that a test of 331.9 to 332.8 is likely.

BW Traders should go long / add if a close over 321.7 occurs

July Copper
Support should appear near the 7605 to 7580 and the 7515 to 7480 region..

Resistance should appear near 7675 to 7690. Beyond that sellers should appear near 7760 to 7780

July Silver
Recommended open BW position , long at 499.5
Support should appear near 478.5 to 477.5 and the 471.t to 469.5 region…BW Traders can buy at 471.5 and hold for higher prices..

Resistance is at 484.5 to 485.5 and 491.5 to 492.5..

Stay tuned for Updates

The Exciting Energies

August Crude Oil
Recommended open BW position , long at 2634
Support should appear near 2620 to 2612 and 2568 to 2552

Resistance is at 2663 to 2672 and the 2716 to 2724 region.

August Unleaded Gas
Support should appear near 7865 to 7835 and 7775 to 7760 . Below that buyers should appear near 7690 to 7675 BW Traders can buy at 7695 and risk a close under 7470 fro three days in a row.

Resistance is at 7955.. Beyond that a test of 8025 to 8045 is likely.

August Heating Oil
Resistance is at 6805 to 6835 and 6910 to 6920 . A close over is friendly and augurs for an eventual test of the 7070 to 7090 .. Beyond that sellers should appear near 7140 to 7170.

Support should appear near 6670 to 6655 … BW Traders can buy at 6670 and risk a close under 6470 for three days in a row. Below that 6430 to 6415 should hold for a bit..

The Lively Livestock

August Live Cattle
Nearby Support should appear at 6352 to 6337 and the 6272 to 6257 region.

Resistance is at the 6417 to 6432 region.. ,Beyond that 6487 to 6502 should cap a rally for a bit..
BW Traders can sell at 6487 and risk a close over 6517 for three days in a row..

July Hogs
Recommended open BW position , Short at 4972
Support is at 4927 to 4912 and 4857 to 4842
Resistance is at 4997 and the 5032 to 5067 region.Beyond that sellers should appear near 5127 to 5142..

July Pork Bellies
Recommended open BW position , Short at 6187
Support should appear at 6257 and 6197 to 6162.
Resistance is at 6337 to 6352 and 6417 to 6432

    -Stay tuned for Livestock and Belly Updates and Flashes-

                           The Grande’ Grains
July Soybeans
Recommended open BW position, long at 2 at 505 3/4 avg
Resistance is at the 499 ½ and 503 1/2 to 506 1/2..
Support should appear at 492 3/4 to 491 1/2 ..

July Soybean Meal
Recommended open BW position , long at 165.9

Support should appear near 165.5 to 164.2 then162. 70 and 161.5 to 160.9 which should contain a decline for a bit.. BW Traders can buy at 162.8 and risk a close under 160.7 for three days in a row.

Resistance is at 168..9 to 169.6 .

July Soybean Oil
Recommended open BW position, long at 1808
Support is near 1808. and 1796.. Below that support should appear near the 1780 to 1774 region. .

Resistance should appear near 1822 and 1858 to 1869

BW Traders should go long if a close over 1873 occurs.

July Corn
Resistance should appear near 208 3/4 and 210 1/2

Support is at 204 1/2 to 203 3/4

July Wheat
Recommended open BW position , long at 288 3/4
Support should appear at to 288 1/4 to 287 1/2 and 282 3/4 to 282

Resistance is at 292 3/4 to 293 3/4

BW Traders should go long if a close over 299 occurs.

The Satisfying Softs

September Cocoa
Recommended open BW position, long at 1497
Resistance is at the 1496 and 1529 to 1535,

Support should appear near 1484 and 1479 under that support is at 1459 to 1453..

BW Traders should go long if a close over 1537 occurs..

September Coffee
Recommended open BW position , long 2 at 5190
Support is near 4855 to 4845 and 4785 to 4770..

Resistance should appear near 4995 and the 5035 to 5070 region. .

October Sugar
Recommended open BW position , long 2 at 556

Support should appear near 493 to 490 .. Under that support is at 471 to 468

Resistance should appear near 507 to 515
Trade Accordingly

December Cotton
Recommended open BW position , long at 4400
Nearby Support should appear near 4315 to 4300 and the 4250 to 4235 region. ..Below that buyer should appear near 4185 to 4165 and the 4120 to 4110 region. .Traders can buy at 4165 for a bounce and risk a close under 4090 for three days in a row.. Below that support is at 4055 to 4045 and the 3995 to 3980 which should contain a decline..
Resistance is at 4370 to 4380 .. Beyond that a test of 4425 to 4445 is likely.. A close over 4445 is friendly and augurs for a test of 4505 to 4515 and eventually the 4695 to 4715 region.

Trade Accordingly and stay tuned for updates..

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

Monday June 17th, 2002
3:50 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.