Economic and Investment Trend Analysis

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 30th, 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 29th, 2002
4:30 PM e.s.t

The ‘Frenzied’ Forex Front

September Yen
Support should appear near the 8314 to 8300 region.
Resistance should appear near 8391 to 8406.
BW Traders should go long if a close over 8448 occurs.

Stay tuned for Updates

Sept Euro Currency (EC)
Recommended open BW Postion Long at 9841
Support should appear near the 9737 to 9706 region.. Under that buyers should appear near
9641 to 9625 and 9584.
Resistance is at 9821 to 9837 A close over is friendly and augurs for a test of 9921 to 9937
BW Traders should go long if a close over 9883 occurs..

Stay tuned for Updates …

September Swiss Franc
Resistance should appear near 6741 to 6755.
Support should appear near 6673 to 6659.. BW Traders can buy at 6709 for a bounce and risk a close under 6654 for three days in a row.

September British Pound
Support should appear near 1.5522 and 1.5350 to 1.5290. BW Traders can buy at 1.5352 for a turn higher and hold for higher prices..
Resistance is at the 1.5690 to 15760 region.

September Canadian Dollar
Support should appear at 6337 and 6272 to 6257
Resistance is at 6383 and 6417 to 6430.

September Aussie Dollar
Support is at 5356 to 5344
Resistance is at 5418 to 5430, beyond that sellers should appear near 5492 to 5504.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8762 to 8777 and the 8856 to 8871 region.
Support should appear near 8683 to 8668 and 8626.

September SP500
Resistance is at 904.40 to 906.00 and 914.00 to 915.60 then 931.60 to 934.70.
Aggressive BW Traders can sell at 931.20 and Risk a close over 944.90 for three days in a row.

Support should appear near 887.10 to 885.60 and the 877.70 to 876.20 region.

Nasdaq Composite
Resistance is at 1346 and 1377 to 1383.
Support should appear near 1321.5 and 1310 to 1304.

September Mini Nasdaq 100
Resistance is at 970.50 to 973.50 and the 982.00 to 983.50 region.
Support is at 954.50 to 952.50 and 944.50 to 942.50 .

Sept 10 Year T-Note
Resistance should appear near 110-04 and 110-23
Support is at109-23 and 109-04

Precious Metals
December Gold
Recommended open BW position, long 304.50
Support should appear at 304.5 to 303.6 and the 299.0 to 297.2 region Under that 293.7 to
292.8 should hold
Resistance is at 309.1 to 310.2, a close over is friendly and augurs for a test of 318.8 to 315.7 and eventually the 3194 to 321.3 . Beyond that a test of 331.9 to 332.8 is likely.

BW Traders should go long / add if a close over 310.6 occurs

September Copper
Support should appear near the 7005 to 6990 and 6915 to 6905.
Resistance should appear near 7075 to 7090 and 7140 to 7170.
BW Traders cans sell at 7135 and risk a close over 7265 for three days in a row.

Sept Silver
Support should appear near 458.5. to 457 and 444.5 to 443.5
Resistance is at 469.5 to 471.5 and the 477.5 to 478.5 region.

BW Traders should go long if a close over 472.5 occurs

The Exciting Energies
Sept Crude Oil
Support should appear near 2620 to 2612 .. Below that buyers should appear near 2568 to 2552. Resistance is at 2663 to 2672 , a close over is friendly and augurs for a test of 2716 to 2724 and eventually the 2758 to 2775 region ..

BW Traders should go long if a close over 2676 occurs.

September Natural Gas
Resistance is at 2.975 to 2.990, a close over 2.990 is friendly and augurs for a test of 3.148 to 3.157 region...
Support is at 2.8290 to 2.820 and 2.775 to 2.758 3 under that buyers should appear near 2.672 to 2.662 and contain a decline.

September Unleaded Gas
Support should appear near 7690 to 7665 and 7605 to 7585
Resitance is at 7785 and 7835 to 7865

September Heating Oil
Resistance is at 6810 to 6835 and 6905 to 6920.
Support should appear near 6755 to 6740 and 6670 to 6655.

The Lively Livestock

October Live Cattle
Nearby Support should appear at 6755 to 6740 and 6670 to 6655 . .
Resistance is at the 6807 to 6837 and 6907 to 6922 .

October Hogs
Support is at 4122 to 4112 and 4057 to 4047 Below that buyers should appear near 3992 to 3982
BW Traders can buy at 4052 and risk a close under 3977 for three days in a row.

Resistance is at 4162 to 4182 and the 4237 to 4247 region. ..

August Pork Bellies
Recommended Open BW Postion Long at 6757
Support should appear at 6512 to 6482 and the 6352 to 6332 region
Resistance is at 6657 to 6672 .

    -Stay tuned for Livestock and Belly Updates and Flashes-

                   The Grande’ Grains
Sept Soybeans
Recommended Open BW Position Long at 521 3/4
Resistance is at the 525 3/4 to 528 1/2
Support should appear at 513 3/4 to 512 and 506 3/4 to 503 1/2

Sept Soybean Meal
Support should appear near 165.5 to 164.2 and 161.5 to 160.90 which should contain a decline for a bit..
BW Traders can buy at 161.8 and risk a close under 160.7 for three days in a row.

Resistance is at 168.9 to 169.6.

Sept Soybean Oil
Recommended Open BW Position , long at 1929
Support is near 1909 to 1902 .
Resistance should appear near 1946 to 1953

BW Traders should go long if a close over 1957 occurs.

Sept Corn
Resistance should appear near 231 1/2 to 232 1/4 .
Support is at 227 1/2 to 226 3/4

Sept Wheat
Support should appear at 321 1/4 to 319 1/2
BW Traders can buy at 321 3/4 and risk a close under 314 1/4 for three days in a row.

Resistance is at 331 3/4 to 332 3/4

The Satisfying Softs

September Cocoa
Resistance is at 1774 to 1780 .
Support should appear near 1738 to 1731..
BW Traders should ho long if a close over 1797 occurs.

September Coffee
Support is near the 4715 to 4695 region .Under that buyers should appear near 4585 to 4570.
BW Traders can buy at 4585 and risk a close under 4495 for three days in a row.

Resistance should appear near 4845 to 4855

BW Traders should go long if a close over 4865 occurs.

October Sugar
Support should appear near 562 to 558. Under that support is at 538 to 534 and the 515 to 507 region.
Resistance should appear near 582 to 586 and 601 to 609 , beyond that sellers should appear near 630 to 634 and the 656 to 661 region.

December Cotton
Support should appear near 4650 to 4635 . Below that support is at 4585 to 4570

Resistance is at 4695 to 4715 and 4775 to 4785.

BW Traders should go long if a close over 4795 occurs.

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 29th, 2002
5:30 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.