FuturesCom Investment Publications Since 1989 Economic and Investment Trend Analysis Since 1979

Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500-
Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments , Tuesday July 23rd, 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

"Not for Widows and Orphans" Radio Show

Description of Services Premier Service

Monday July 22nd, 2002
5:30 PM , e.s.t.

                                                           The ‘Frenzied’ Forex Front
September Yen
Support should appear near 8589 to 8560
Resistance should appear near 8627 then 8668 to 8683 and 8723

September Euro Currency (EC)
Support should appear at 10037 to 10021 and 9979.
Resistance is at 10079 and the 10104 to 10136 region

September Swiss Franc
Resistance should appear near 6954 and the 6990 to 7003 region
Support should appear near 6919 to 6906 and 6871 then 6836 to 6809.

September British Pound
Support should appear near 1.5690 and 1.5626..
Resistance is at 15760, beyond that a test of 1.5926 is likely.

September Canadian Dollar
Support should appear at 6350 to 6337.
Resistance is at 6417 to 6430

September Aussie Dollar
Support should appear near 5430 to 5418. BW Traders can buy at 5433 and hold for higher prices..
Resistance is at 5461 and the 5492 to 5504 region.

                          The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 7836 to 7864 then 7939 to 7954 and the 8029 to 8044 region. .
Beyond that sellers should appear near 8119 to 8134.
Support should appear near 7777 to 7763 and 7689 to 7675 , under that a test of 7601 to 7587 is likely.

September SP500
Resistance is at 819.40 to 822.30 and 830.00 to 831.60 .. Beyond that sellers should appear near
839.10 to 840.60

Support should appear near 813.40 to 811.90 and the 804.40 to 802.90 region.
Under that 795.40 to 793.90 should hold for a bit.

Nasdaq Composite
Resistance is at 1289 then 1304 to 1310 and 1334 to 1346
Support should appear near1274 to 1268 under that a test of 1253 is likely.

September Mini Nasdaq 100
Support is at 934.50 to 931.50 then 923.50 and 915.50 to 914.00
Resistance is at 943.00 to 944.40 then 952.50 to 954.00 and 962.50 to 964.00

Sept 10 Year T-Note
Resistance should appear near 110-12 and 110-23.
Support is at 109-23 and 109-12 then 109-04.

Precious Metals
August Gold
Recommended open BW position , long 319.9
Support should appear at 321.3 to 319.4 and 317.9.
Resistance is at 326.1 to 327.

September Copper
Support should appear near 7005 to 6990 and the 6920 to 6905 region.
Resistance should appear near 7075 to 7090 and 7140 to 7170

Sept Silver
Recommended open BW position , long at 503.5
Support should appear near 503.5 then 499.5 to 497.0 .and 492.5 to 491.5
Resistance is at 512.5 to 514

The Exciting Energies

Sept Crude Oil
Recommended open BW position , long 2780
Support should appear near 2663 and 2620 to 2612
Resistance is at 2716 to 2724.

September Natural Gas
Resistance is at 2.975 to 2.990 and 3.035 to 3.045
Support is at 2.937 to 2.926 and 2.883 to 2.874

September Unleaded Gas
Recommended open BW position , Long 8160
Support should appear near 7780 to 7760 and 7690 to 7675
Resistance is at 7865 and 7935 to 7955

September Heating Oil
Recommended open BW position , Long 6930
Resistance is at 6805 to 6835 and 6905 to 6920
Support should appear near 6755 to 6740 and 6670 to 6655

The Lively Livestock

August Live Cattle
Nearby Support should appear at 6572 then 6547 and 6502 to 6487
Resistance is at 6592 and the 6657 to 6672 region .. Beyond that a test of 6737 to 6757 is likely.

August Hogs
Support is at 4972 and the 4927 to 4917 region. Under that buyers should appear near 4857 to 4842
Resistance is 4997 and at the 5037 to 5067 region.

August Pork Bellies
Support should appear at 7257 to 7242 and 7172 to 7142 , under that buyers should appear near
7092 to 7077
Resistance is at 7327 to 7342 and 7417 to 7432, beyond that a test of 7487 to 7512 is likely.

    -Stay tuned for Livestock and Belly Updates and Flashes-

                  The Grande’ Grains
August Soybeans
Recommended open BW position , Long at 570
Resistance is at 594 1/2 to 595 3/4 and 602 1/4 to 603 1/2.. Beyond that sellers should appear
near 610 1/4 to 611 1/2
Support should appear at 588 to 585 1/2 and 580 1/2 to 579 1/2 and 573 to 571 3/4

August Soybean Meal
Support should appear near 190.9 to 190.2 and 186.9 to 185.8.
Resistance is at 194.6 to 195.3

August Soybean Oil
Recommended open BW position , long at 1991
Support is near 1996 to 1982 and 1953 to 1946
Resistance should appear near 2032 to 2042

Sept Corn
Resistance should appear near 2511/4 to 252 and 255 1/4 to 256 3/4
Support is at 242 to 241 1/4 and 237 to 2351/2.

Sept Wheat
Recommended open BW position , long at 324
Support should appear at 338 3/4 to 337 3/4 and 332 3/4 to 331 3/4 and 3267 to 326 1/4
Resistance is at 342 1/2 to 344 3/4 and 349 1/4 to 350 1/4

The Satisfying Softs
September Cocoa
Resistance is at 1822., beyond that a test of 1858 to 1869 is likely.
Support should appear near 1808 then 1780 to 1774 and 1738 to 1731

September Coffee
Recommended open BW position ,Long at 5070
Support is near 4845 and the 4785 to 4775 region. .
Resistance should appear near 4915 to 4930 and 4975 to 4995

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

December Cotton
Resistance should appear near 4915 to 4930 and 4975 to 4995
Support is at 4855 to 4845 and 4795 to 4775 , under that 4715 to 4695 should contain decline..

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

Monday July 22nd, 2002
6:30 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.