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FuturesCom Investment Publications
Morning Comments, Friday June 21st, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Morning Comments
Thursday, June 20th , 2002
5:00 PM e.s.t.

The ‘Frenzied’ Forex Front

September Yen
Recommended open BW position , Short at 8074
Support should appear near 8119 and 8082..
Resistance should appear near the 8195 to 8224 region.

September Euro Currency (EC)
Recommended open BW position , Long at 9474
Support should appear at 9583 and 9542 to 9526.
Resistance is at 9625 to 9641 and the 9707 to 9739 region. .

Stay tuned for Updates …

September Swiss Franc
Recommended open BW position , long 2 at 6440 avg
Resistance should appear at 6577 to 6591 and the 6659 to 6672 region
Support should appear near 6542 and 6509 to 6483

September British Pound
Recommended open BW position , long at 1.4710
Support should appear near 1.4840 and 1.4762.

Resistance is at 1.4960 .. Beyond that a test of 15290 to 15350 is likely

September Canadian Dollar
Recommended open BW position , long at 6521
Support should appear at 6509 to 6483 and 6430 to 6417 .
Resistance is at 6577 to 6591

September Aussie Dollar
Support is at 5653 to 5640 and 5577 to 5553
Resistance is at 5716 to 5729

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
On the Upside Nearby Resistance should appear near 9526 to 9542 and 9625 to 9642.
On the Downside Nearby Support should appear near 9347 to 9316 under that a test of 9156 to 9140 is likely ..

September SP500
Recommended open BW position , Short at 1031.90
Resistance is at 1018.5 then 1025.5 and 1032 to 1036 .
Support should appear near 1005 to 1000 , a close under i negative and augurs for a test of 993.70 to 992.10 and the 983.7 to 982.10 region

BW Traders should go short if a close under 1002.5 occurs.

Nasdaq Composite
Resistance is at 1484 to 1496 and 1512.5 and 1529 to 1535.
Support should appear near 1459 to 1453 , a slip under augurs for a test of 1421 to 1415..

September Mini Nasdaq 100
Nearby Resistance is at 1082 and 1096 to 1101 then 1115.5 and 1130 to 1036 .
Nearby support is at 1068 to 1058, a slip under augurs for a test of 1036 to 1032

Sept 10 Year T-Note
Resistance should appear near 107-23 and 108-04
Support is at 107-04 under that 106-23 should contain a decline .. .

Precious Metals

August Gold
Recommended open BW position , long 2 at 322.10 avg
Support should appear near the 321.3 to 319.4 and 315.7 to 314.8 region...
Resistance is at 326.1 to 327. Beyond that a test of 331.9 to 332.8 is likely.

July Copper
Support should appear near the 7515 to 7480 region., under that a test of 7430 to 7415 region

Resistance should appear near 7585 to 7600 and 7675 to 7690.

July Silver
Recommended open BW position , long at 499.5
Support should appear near 485.5 to 484.5 and 478.5 to 477.5.
Resistance is at 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 2568 to 2552 and the 2519 to 2511 region

Resistance is at 2611 to 2620 , beyond that an eventual test of 2716 to 2724 is likely..

August Unleaded Gas
Recommended open BW position , long at 7695
Support should appear near 7690 to 7670 and 7605 to 7590
Resistance is at 7780 and the 7835 to 7865 region .

August Heating Oil
Recommended open BW position , Long at 6670
Resistance is at 6670 then 6740 to 6755 and the 6805 to 6835 region.
Support should appear near 6590 to 6570 and 6430 to 6415 ..

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 5067 to 5032
Resistance is at 5142. and 5200 to 5212

July Pork Bellies
Recommended open BW position , Short at 6187
Support should appear at 6512 to 6482 and 6432 to 6417
Resistance is at 6652 to 6672 region and 6742 to 6757

    -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 491 1/ 2 to 492 3/4.
Support should appear at 485 1/2 to 484 1/2 and the 478 3/4 to 477 1/2 region.

July Soybean Meal
Recommended open BW position , long at 165.9
Support should appear near 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 165.5 and 167.1.

July Soybean Oil
Recommended open BW position, long at 1808
Support is near the 1738 to 1731 region.
Resistance should appear near 1774 to 1780
.
July Corn
Resistance should appear near 210 3/4 and the 212 3/4 to 213 1/2 region.
Support is at 208 then 206 3/4 and 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 2 at 1536 avg
Resistance is at 1609 to 1615
Support should appear near 1569 and 1535 to 1529.

September Coffee
Recommended open BW position , long 2 at 5190
Support is near 4995 to 4975 and 4855 to 4845.
Resistance should appear near 5125 to 5140 .

October Sugar
Recommended open BW position , long 2 at 556
Support should appear near 493 to 490
Resistance should appear near 507 to 515
Trade Accordingly

December Cotton

Nearby Support should appear near 4650 to 4635 and 4580 to 4570
Resistance is at 4845 to 4855 and 4915 to 4925.

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

Thursday June 20th, 2002
6:05 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.