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FuturesCom Investment Publications
Morning Comments, Friday June 28th, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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“Accomplishments will prove to be a journey, not a destination.”
-Dwight D. Eisenhower-

Morning Comments
Thursday, June 27th , 2002
4:00 PM e.s.t.

The ‘Frenzied’ Forex Front

September Yen
Support should appear near 8389 and 8315 to 8300..
Resistance should appear near the 8484 to 8499 region . BW Traders can sell at 8482 for a turn lower and risk a close over 8593 for three days in a row

September Euro Currency (EC)
Support should appear at 9837 to 9821 and 9779.. Below that 9737 to 9706 should contain a decline
Resistance is at 9879 beyond that a test of 9921 to 9937 is likely.

Stay tuned for Updates …

September Swiss Franc
Resistance should appear at 6741 to 6755...Beyond that a test of 6809 to 6836 is likely
Support should appear near 6707 and 6673 to 6659 under that 6627 should hold..

September British Pound
Support should appear near 151.26 and 149.60 to 1.4930 and 1.4840.
Resistance is at 15290 to15350

September Canadian Dollar
Support should appear at 6591 to 6577 and 6509 to 6483 .
Resistance is at 6627 and 6659 to 6671

September Aussie Dollar
Support is at 5553 and 5504 to 5492
Resistance is at 5609 and 5640 to 5653

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9316 to 9347 and 9429 to 9445..
Support should appear near 9237 and the 9156 to 9140 region.

September SP500
Resistance should appear near 992.10 to 993.70 and the 1000 to 1005 region. Beyond that sellers should appear near 1018.50
Support should appear near 983.70 to 982.90 and 973.70 to 970.60

Nasdaq Composite
Resistance is at 1471.5 and 1484 to 1496.
Support should appear near 1453 and 1421 to 1415

September Mini Nasdaq 100
Resistance is at 1068 Above that sellers should appear near 1082 and 1096 to 1101.
Support is at 1058 and 104700 under that a test of 1036 to 1032 is likely..

Sept 10 Year T-Note
Resistance should appear near 107-23 and 108-04.
Support is at 106-23 and 106-12.. .

Precious Metals

August Gold
Recommended open BW position , long 323.7
Support should appear near the 315.7 to 314.8 region...
Resistance is at 321.3 and 323.7

Sept Copper
Support should appear near 7515 to 7485 and 7430 to 7415.

Resistance should appear near 7605 and the 7675 to 7690 region.

Sept Silver
Recommended open BW position , long at 490
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 2672 to 2663 and 2620 to 2612

Resistance is at 2716 to 2724, beyond that a test of 2758 to 2775 is likely. .

August Unleaded Gas
Support should appear near 7865 to 7835 and 7775 to 7760.
Resistance is at 7955 .Beyond that a test of 8025 to 8045 is likely.

August Heating Oil
Resistance is at the 6810 to 6835 region. Beyond that a test of 6905 to 6920 is likely.
Support should appear near 6755 to 6740 and 6670 to 6655

The Lively Livestock

August Live Cattle
Nearby Support should appear at 6337 and 6272 to 6257
Resistance is at the 6417 to 6432 region Beyond that a test of 6487 to 6502 .. BW traders can sell at 6487 and risk a close over 6517 for three days. in a row.

July Hogs
Support is at 5032 and the 4997 to 4972 region.
Resistance is at 5127 to 5142 and 5200 to 5212..

July Pork Bellies
Support should appear at the 6037 to 6022 region.
Resistance is at 6162 to 6192 and 6257 to 6270 .

    -Stay tuned for Livestock and Belly Updates and Flashes-

                           The Grande’ Grains

August Soybeans
Resistance is at 520 to 521 1/4.
Support should appear at 513 1/2 to 512 1/2 and 506 3/4 to 503 3/4.

August Soybean Meal
Support should appear near 171.1 and 169.6 to 168.9
Resistance is at 173.1 to 173.8 region. Beyond that a test of 177.4 to 178.0 is likely

August Soybean Oil
Support is near the 1780 to 1774 and the 1738 to 1731 region.
Resistance should appear near 1808 to 1822. and the 1858 to 1869 region
.
Sept Corn
Support should appear near 232 1/4 to 231 1/2 and 227 1/2 to 226 3/4 .
Resistance is at 235 1/2 to 237 and 241 1/4 to 2411/2 .

July Wheat
Recommended open BW position , long at 306 1/2
Support should appear at 304 1/2 to 303 3/4 and 299 to 297 1/4
Resistance is at 309 1/4 to 310 1/4 and 314 3/4 to 315 3/4 .

The Satisfying Softs

September Cocoa
Resistance is at 1655 and 1689 to 1676
Support should appear near 1642 then 1628 and1615 to 1609

September Coffee
Support is near 4855 to 4845 and the 4720 to 4695 region .
Resistance should appear near 4915 to 4930 and 4975 to 4995

October Sugar
Support should appear near 515 to 507 and 493 to 490
Resistance should appear near 534 to 538
Trade Accordingly

December Cotton
Nearby Support should appear near 4650 to 4635 and 4585 to 4570.
Resistance is at 4695 to 4720 and 4775 to 4785 .

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 27th, 2002
4:55 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.