The

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 July 8th, 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

Morning Comments
Saturday, July 6th, 2002
6:35 AM e.s.t.

The ‘Frenzied’ Forex Front

September Yen
Recommended Open BW Position , Short 8362
Support should appear near 8314 to 8300 and the 8223 to 8194 region...
Resistance should appear near the 8391 to 8406 and 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 9641 to 9625.. Below that buyers should appear near 9542 to 9526 region..
Day traders can buy 2 at 9543 and hold for higher prices
Resistance is at 9706 to 9737 and 9779

Stay tuned for Updates …

September Swiss Franc
Resistance should appear near 6659 to 6673
Support should appear near 6591 to 6577 and 6509 to 6483.. .
Day Traders can buy 2 at 6511 and hold for higher prices..

September British Pound
Support should appear near 1.4960 to 1.4840
Resistance is at 1.5172

September Canadian Dollar
Recommended Open BW Position , Long 6547
Support should appear at 6509 to 6482.
Resistance is at 6577 to 6583

September Aussie Dollar
Support is at 5504 to 5492 should to continue to contain a decline for a bit..
Resistance is at 5553 to 5577

                                       The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9429 to 9446 and 9526 to 9542
Support should appear near the 9347 to 9316.

September SP500
Resistance is at 992.10 to 993.70 and 1000.00 to 1005.00 then 1018.50.. Beyond that a test of
1032 to 1036 is likely..
Support should appear near 983.7 to 982.10 and 973.7 to 970.6

Nasdaq Composite
Resistance is at 1453 to 1459 and 1484 to 1496
Support should appear near 1421 to 1415

September Mini Nasdaq 100
Resistance is at 1068 and 1082 then 1096 to 1101
Support is at 1058 and 1047

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

Precious Metals

August Gold
Recommended open BW position , long 2 at 317.1 avg
Support should appear at 310.2 to 309.2 and 306.8. Under that buyers should appear near 304.5 to 303.6

Resistance is at 314.8 to 315.7
BW Traders should go long / add if a close over 316.1 occurs

September Copper

Support should appear near the 7515 to 7480 region A slip under is negative and augurs for a test of
7345 to 7325
Resistance should appear near 7580 to 7605 and 7675 to 7690 then 7760 to 7780
BW Traders should go long if a close over 7780 occurs...

Sept Silver
Recommended open BW position , long at 490.0
Support should appear near 485.5 to 484.5
Resistance is at 497.5 to 499..

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 the 2716 to 2724 region. Beyond that an eventual test of 2758 to 2775 is likely.

BW Traders should go long if a close over 2728 occurs.

August Natural Gas
Resistance is at 3.192 to 3.213.
Support is at 3.102 to 3.092

August Unleaded Gas
Support should appear near 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 7940 to 7955.. Beyond that a test of 8025 to 8045 is likely.
BW Traders should go long if a close over 7965 occurs..

August Heating Oil
Recommended Open BW Position , Long 6870
Resistance is at 6910 to 6920 and 6990 to 7005
.Support should appear near 6835 to 6805 and 6755 to 6740... Below that 6675 to 6655 should hold
BW Traders can buy at 6670 and risk a close under 6470 for three days in a row.

The Lively Livestock

August Live Cattle
Support should appear at 6432 to 6417 and 6357 to 6332.
Resistance is at 6487 to 6502 and 6577 to 6592

August Hogs
Support is at 5127 and 5067 to 5032
Resistance is at 5200 to 5212 and the 5257 to 5287 region.

Stay tuned for updates..

August Pork Bellies
Support should appear at 7002 to 6992 and 6922 to 6907.
Resistance is at 7142 to 7172 and 7327 to 7342..

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

August Soybeans
Recommended open BW position , long at 5211/2
Resistance is at 549 1/4 to 550 1/2 , beyond that a test of 555 1/4 to 557 3/4 is likely..
Support should appear at 543 to 541 3/4 and 535 3/4 to 534 1/2.

August Soybean Meal
Recommended open BW position , long at 180.80
Support should appear near 182.2 to 180.8 and 178 to 177.4

Resistance is at 185.8 to 186.5.

August Soybean Oil
Support is near 1822 to 1808 and 1796
Resistance should appear near 1858 to 1865

Sept Corn
Recommended open BW position , long at 240 1/2
Resistance should appear near 237 1/2 and 241 1/2 to 242
Support is at 235 1/2 and 232 1/4 to 231 1/2

Sept Wheat
Recommended open BW position , long at 322 1/2
Support should appear at to 319 1/2 and 315 3/4 to 314
Resistance is at 326 1/2 to 327 and the 331 3/4 to 332 3/4 region

The Satisfying Softs

September Cocoa
Recommended open BW position , long at 1671
Resistance is at the 1731 to 1738 region.
Support should appear near 1696 to 1689 and 1655 to 1642

September Coffee
Support is near 4995 to 4975 and 4930 to 4915 .
Resistance should appear near 5125 to 5140 and 5200 to 5215.

--Stay tuned for updates --

October Sugar
Support should appear near 548 and 538 to 534.

Resistance should appear near 562 and 582 to 586.

Trade Accordingly

December Cotton Futures
Recommended open BW position , long at 4790
Nearby Support should appear near 4855 to 4845 then 4790 to 4775 and 4720 to 4695.
Resistance is at 4915 to 4930 and the 4975 to 4995 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

Saturday July 6th, 2002
7:35 AM 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.