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, Friday July 12th, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Morning Comments
Thursday, July 11th, 2002
6:35 PM e.s.t.

The ‘Frenzied’ Forex Front

September Yen
Recommended Open BW Position , Short 8482
Support should appear near 8499 to 8484
Resistance should appear near 8589 and 8626

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 then 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 5505 to 5485
Resistance is at 5577 and 5612
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 934.70 then 942.90 to 944.50  and 952.60 to 954.20
Support should appear near 931.60 and 923.60

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 1018.5 , beyond that sellers should appear near 1032 to 1036
Support is at 1005 to 1000 and 993.50 to 992.00 and the 983.50 to 982.00 region.

Sept 10 Year T-Note
Resistance should appear near 109-07 and 109-23
Support is at 108-12 to 108-07 and 107-23

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
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

We will roll analysis to Sept over the weekend.

August Crude Oil
Support should appear near 2672 to 2663 and 2620 to 2612
Resistance is at the 2716 to 2724 region.

Traders Should go long if a close over 2728 occurs..

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
Recommended open BW position , long at 7980
Support should appear near 8045 to 8025 and 7955 to 7945 then 7865 to 7835
and 7775 to 7760

Resistance is at the 8120 to 8135 region. Beyond that a test of 8300 to 8315 is likely

August Heating Oil
Resistance is at 6990 to 7005 and 7075 to 7085
Support should appear near 6920 to 6905 and 6835 to 6805

The Lively Livestock

August Live Cattle
Support should appear at 6502 to 6487 and 6432 to 6417
Resistance is at 6577 to 6592 and 6657 to 6672

August Hogs
Support is at 5127 then 5067 to 5037 and 4997 to 4972.
Resistance is at 5200 to 5212 and 5257 to 5282
Stay tuned for updates..

August Pork Bellies
Support should appear at7427 to 7412 then 7342 to 7327 and 7257 to 7242.
Resistance is at 7482 to 7512 and 7587 to 7602..Beyond that a test of 7672 to 7687 is likely. ..

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains
August Soybeans
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.
Stay tuned update

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 226 3/4 to 227 3/4
Support is at 222 3/4 to 221 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 1822 and 1858 to 1865
Support should appear near 1794 then 1780 to 1774 and 1738 to 1731

September Coffee
Support is near 5355 to 5345 and 5285 to 5255 under that 5215 to 5200 should hold...
Resistance should appear near 5415 to 5430 and the 5490 to 5505 region

--Stay tuned for updates --

October Sugar
Support should appear near 586 to 582 and 572 .
Resistance should appear near 601 to 609 and 630 to 634

Trade Accordingly

December Cotton
Recommended open BW position , long at 4790
Support should appear near 4720 to 4695 and 4650 to 4635
Resistance is at 4795 and the 4845 to 4855 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

Thursday July 11th, 2002
7:55 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.