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, Thursday July 11th, 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
Wed, July 10th, 2002
3:55 PM e.s.t.

The ‘Frenzied’ Forex Front

September Yen
Recommended Open BW Position , Short 2 at 8422 avg.
Support should appear near 8499 to 8484
Resistance should appear near the 8560 to 8589 region.

September Euro Currency (EC)
Support should appear at 9837 to 9821 and 9779
Resistance is at 9879 and 9921 to 9937
BW Traders should go long if a close over 9941 occurs.

Stay tuned for Updates …

September Swiss Franc
Resistance should appear near 6741 to 6753
Support should appear near 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 6543 and 6509 to 6483
Resistance is at 6577 to 6591.

September Aussie Dollar
Support is at 5607 and 5577 to 5553
Resistance is at 5640 to 5653

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 8934 to 8964 and 9044 to 9060
Support should appear near 8777 to 8762 and 8683 to 8668

September SP500
Resistance is at 923.60 then 931.60 to 934.70 and 942.90 to 944.50
Support should appear near 915.60 to 914.00 and the 906.00 to 904.40 region

Nasdaq Composite
Resistance is at 1377 to 1383 and 1396
Support should appear near 1346 to 1334 and 1310 to 1304

September Mini Nasdaq 100
Resistance is at 970.5 to 973.70 and 982.oo to 984.00
Support is at 954.50 to 952.50 and the 944.50 to 942.50 region.

Sept 10 Year T-Note
Resistance should appear near 109-07 and 109-23
Support is at 108-23 and 108-07

Precious Metals

August Gold
Recommended open BW position , long 316.5
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 7515 to 7480 region .. Under that a test of 7430 to 7415 is likely.
Resistance should appear near 7585 to 7605 and 7675 to 7690

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 2663 then 2620 to 2612 and 2568 to 2553

Resistance is at the 2716 to 2724 region.

August Natural Gas
Recommended open BW position , long at 2.885
Resistance is at 2.928 to 2.937

Support is at 2.829 to 2.820 and 2.724 to 2.716

August Unleaded Gas
Support should appear near 7865 to 7835 and 7775 to 7760

Resistance is at 7945 to 7955 and 8025 to 8045

August Heating Oil
Recommended Open BW Position , Long 6670
Resistance is at 6905 to 6920 and 6990 to 7005

Support should appear near 6835 to 6805 and 6755 to 6740

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 5067 to 5037 and 4997 to 4972.
Resistance is at 5127 to 5142 and 5200 to 5212
Stay tuned for updates..

August Pork Bellies
Support should appear at 7257 to 7242 and 7172 to 7142 and the 7092 to 7072 region.
Resistance is at 7327 to 7342 and 7412 to 7427

-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 2 at 234 avg
Resistance should appear near 229 1/2 and 231 1/2 to 232 1/4
Support is at 226 3/4 and 218 1/2 to 217.

Sept Wheat
Recommended open BW position , long at 322 1/2
Support should appear at 321 1/2 to 319 1/4 and 315 3/4 to 314
Resistance is at 326 1/4 to 327 and 331 3/4 to 332 3/4

The Satisfying Softs

September Cocoa
Resistance is at 1808 to 1822 and 1858 to 1865
Support should appear near 1780 to 1774 and 1738 to 1731

September Coffee
Support is near 5145 to 5125 and 5065 to 5035 .
Resistance should appear near 5200 to 5215 and the 5255 to 5285 region.

--Stay tuned for updates --

October Sugar
Support should appear near 572 and the 562 to 558 region.
Resistance should appear near 586 and 601 to 609

Trade Accordingly

December Cotton
Recommended open BW position , long at 4790
Support should appear near 4930 to 4915 and 4855 to 4845 .
Resistance is at 4975 to 4990 and the 5035 to 5065 region..

BW Traders should go long if a close over 5005 occurs.

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

Wed July 10th, 2002
4:35 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.