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, Wed July 10th, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Morning Comments
Tuesday, July 9th, 2002
6:20 PM e.s.t.

The ‘Frenzied’ Forex Front

September Yen
Recommended Open BW Position , Short 2 at 8422 avg.
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 9879 and 9837 to 9821.
Resistance is at 9921 to 9937, a close over is friendly and augurs for a test of the 1.0021 to 1.0037 region.
BW Traders should go long if a close over 9941 occurs.

Stay tuned for Updates …

September Swiss Franc
Resistance should appear near 6753 and 6782
Support should appear near 6741 and 6707 and 6672 to 6659. .

September British Pound
Recommended Open BW Position , Long at 1.5426
Resistance should appear near 1.5510 and 1.5690 to 1.5760
Support is at 1.5350 to 1.5290 and 1.5172

September Canadian Dollar
Recommended Open BW Position , Long 6547
Support should appear at 6591 to 6577 and 6543
Resistance is at 6626 and the 6659 to 6673 region.

September Aussie Dollar
Support is at 5640 and 5607.
Resistance is at 5653 and 5684
BW Traders should go long if a close over 5656 occurs

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9140 to 9156 and 9237
Support should appear near the 9060 to 9044 and the 8964 to 8934 region

September SP500
Resistance is at 962.5 to 964.1 and 970.6 to 973.70.
Support should appear near 944.50 to 942.90 and the 934.7 to 931.60 region

Nasdaq Composite
Resistance is at 1396 and 1415 to 1421
Support should appear near 1377 and 1346 to 1334

September Mini Nasdaq 100
Resistance is at 992.00 to 993.75 then 1000 to 1005 and 1018.5
Support is at 984.00 to 982.00 and the 973.75 to 970.50 region.

Sept 10 Year T-Note
Resistance should appear near 108-12 and 108-22
Support is at 107-23 and 107-07

Precious Metals

August Gold
Recommended open BW position , long 3 at 316.9 avg
Support should appear at 315.7 to 314.8 and 310.2 to 309.2
Resistance is at 319.4 to 321.3

September Copper
Support should appear near the 7585 and the 7515 to 7480 region
Resistance should appear near 7675 to 7690 and 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 506.5 to 503.5 and 499 to 497.5
Resistance is at 512.5 to 514

Stay tuned for Updates

The Exciting Energies

August Crude Oil
Recommended open BW position , long at 2634
Support should appear near 2612 and 2568 to 2553

Resistance is at the 2663 to 2672 region.

August Natural Gas
Resistance is at 3.045 and the 3.092 to 3.102 region
Support is at 2.990 to 2.975 and 2.883 to 2.874. BW Traders san buy at 2.885 and hold for higher prices..
Risk a close under 2.753 for three days in a row..

August Unleaded Gas
Recommended open BW position , long at 7695
Support should appear near 7775 to 7760 and 7690 to 7675
Resistance is at 7835 to 7865 and the 7945 to 7955 region

BW Traders should add/ go long if a close over 7965 occurs.

August Heating Oil
Recommended Open BW Position , Long 2 at 6770 avg
Resistance is at 6740 to 6755 and 6805 to 6835
Support should appear near 6675 to 6655 and 6590 to 6575

The Lively Livestock

August Live Cattle
Support should appear at 6357 to 6332 and 6270 to 6257
Resistance is at 6417 to 6432 and 6487 to 6502

August Hogs
Support is at 4927 to 4912 and 4857 to 4842.
Resistance is at 4972 to 4997 and 5037 to 5067.

Stay tuned for updates..

August Pork Bellies
Support should appear at 6922 to 6907 and the 6837 to 6807 region.
Resistance is at 6992 to 7002 and the 7072 to 7092 region. Beyond that a test of 7142 to 7172 is likely

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains
August Soybeans
Recommended open BW position , long at 521 1/2
Resistance is at 555 1/4 to 557 3/4 and 564 to 565 1/4
Support should appear at 550 1/2 to 549 1/4 and the 543 to 541 3/4 region.

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
Recommended open BW position , long at 1879
Support is near 1865 to 1858 and 1822 to 1808
Resistance should appear near 1902 to 1909

Sept Corn
Recommended open BW position , long at 240 1/2
Resistance should appear near 235 1/2 to 237
Support is at 232 1/4 to 231 1/2 and the 229 1/2 to 226 3/4 region. BW traders can buy at 227 1/2
and risk a close under 219 for three days in a row.

Sept Wheat
Recommended open BW position , long at 322 1/2
Support should appear at 319 1/4 and 315 3/4 to 314
Resistance is at 321 1/2 and 326 1/4 to 327,

The Satisfying Softs

September Cocoa
Resistance is at 1774 to 1780 and 1808 to 1822
Support should appear near 1738 to 1731 and 1696 to 1689

September Coffee
Support is near 5065 to 5035 and 4995 to 4975.
Resistance should appear near 5125 to 5140 and 5200 to 5215.

--Stay tuned for updates --

October Sugar
Support should appear near 562 to 558 and 548
Resistance should appear near 582 to 586 and 601 to 609

Trade Accordingly

December Cotton
Recommended open BW position , long at 4790
Support should appear near 4785 to 4775 and 4720 to 4695.
Resistance is at 4845 to 4855 and the 4915 to 4930 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

Tuesday July 9th, 2002
7:15 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.