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, Monday August 5th, 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
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Saturday August 3rd, 2002
8:30 PM e.s.t

The ‘Frenzied’ Forex Front

September Yen
Support should appear near 8406 to 8391 and 8352.
Resistance should appear near 8448 , a close over is friendly and augurs for a test of 8484 to 8499 and eventually the 8560 to 8589 region. BW Traders should go long if a close over 8448 occurs.

Sept Euro Currency (EC)
Recommended open BW Position Long at 9841
Support should appear near 9837 to 9821 then 9779 and the 9737 to 9706 region..
Resistance is at 9879 , 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 6821 to 6835, a close over is friendly and augurs for a test of
6909 to 6919 and eventually the 6990 to 7003 region..
Support should appear near 6782 and 6755 to 6741 under that buyers should appear near
6707 and 6673 to 6659.. BW Traders can buy at 6709 for a bounce, risk a close under 6654
for three days in a row.

BW Traders should go long if a close over 6839 occurs.

September British Pound
Support should appear near 1.5522 and 1,5472
Resistance is at the 1.5690 to 15760 region.
BW Traders should go long if a close over 1.5772 occurs

September Canadian Dollar
Support should appear at 6272 to 6257
Resistance is at 6337 to 6350.

September Aussie Dollar
Support is at 5356 to 5344
Resistance is at 5386 and 5418 to 5430 .

                             The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8314 and 8391 to 8406, beyond that sellers should
appear near 8484 to 8499.
Support should appear near 8300 under that a test of 8223 to 8194 is likely

September SP500
Resistance is at 866.8 to 868.3 and 876.2 to 877.70 , above that sellers should appear near 885.6 to 887.10 and 893.4 to 896.4 , beyond that a test of 904.4 to 906 is likely.
Support should appear near 858.90 to 856.00 and the 849.90 to 848.40 region   Below that 840.60 to 839.10 should hold..

Nasdaq Composite
Resistance is at 1253 and 1268 to 1274 then 1289 and the 1304 to 1310 region.
Support should appear near 1238 to 1232 and 1217.5 , a close under augurs for a test of 1203 to 1192.

September Mini Nasdaq 100
Resistance is at 904.5 to 906.00 then 914.00 to 915.5 and the 931.5 to 934.5 region.
Support is at 893.5 and 887.00 to 885.50 and the 877.50 to 876.00 region.. Under that a test of
868.50 to 866.50 is likely.

Sept 10 Year T-Note
Resistance should appear near 112-17 and 112-23
Support is at 111-23 and 111-02

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

September Copper
Support should appear near 6755 to 6740 and 6670 to 6655.
Resistance should appear near 6835 and 6910 to 6920 and the 6990 to 7005 region.

Sept Silver
Support should appear near 458.5. to 457
Resistance is at 463.5 to 465 .
BW Traders should go long if a close over 472.5 occurs

                       The Exciting Energies
Sept Crude Oil
Recommended Open BW position , long at 2737
Support should appear near 2672 to 2663 and 2620 to 2612 then 2568 to 2552
Resistance is at 2716 to 2724 .and 2758 to 2773

September Natural Gas
Resistance is at 2.874 to 2.883 and 2.928 to 2.937.
Support is at 2..829 to 2.820 and 2.775 to 2.758

September Unleaded Gas
Support should appear near 7690 to 7675 then 7605 to 7585 and the 7515 to 7415 region .
Resistance is at 7760 to 7780 and 7835 to 7865

September Heating Oil
Resistance is at 6805 to 6835 and the 6910 to 6920 region. .
Support should appear near 6755 to 6740, under that 6670 to 6655 should contain a decline..

The Lively Livestock

October Live Cattle
Support should appear at 6670 to 6655 and 6592 to 6577. .
Resistance is at the 6742 to 6757 and 6807 to 6837 .

October Hogs
Recommended open Bw position , long at 4052
Support is at 3867 to 3857 and 3807 to 3797
Resistance is at 3907 to 3932 and 3982 to 3992 . ..

August Pork Bellies
Recommended Open BW Position Long at 6757
Support should appear near 5507 to 5492 and 5432 to 5417
Resistance is at 5792 to 5807 and 5852 to 5882.

    -Stay tuned for Livestock and Belly Updates and Flashes-

                   The Grande’ Grains
Sept Soybeans
Recommended Open BW Position Long at 554
Resistance is at 557 3/4 and 564 to 565 1/2 then 571 3/4 to 572 3/4
Support should appear at 550 1/4 to 549 then 543 to 541 3/4 and 535 3/4 to 534 1/2

Sept Soybean Meal
Support should appear near 177.4 and 173.8 to 173.1
Resistance is at 178.0 then 180.8 to 182.2 and 185.8 to 186.5

Sept Soybean Oil
Recommended Open BW Position , long at 1976
Support is near 1996 to 1982 and 1953 to 1946 .
Resistance should appear near 2042 and 2080 to 2088

Sept Corn
Recommended open BW position long at 247 1/4
Resistance should appear near 255 1/4 to 256 3/4 and 261 1/4 to 262
Support is at 251 3/4 to 251 1/4 then 246 3/4 to 246 and the 241 3/4 to 241 1/4 region.

Sept Wheat
Recommended open BW position long at 321 3/4
Support should appear at 332 3/4 to 331 3/4 and 327 to 326 1/4
Resistance is at 337 3/4 to 338 3/4 , a close over is friendly and augurs for a test of 342 1/2 to 344 1/2 and the 349 1/4 to 350 1/4 region. BW Traders should go long if a close over 339 1/4 occurs

The Satisfying Softs

September Cocoa
Resistance is at 1731 to 1738 and 1774 to 1780
Support should appear near 1696 to 1689 and 1655 to 1642, BW Traders can
buy at 1659 and hold for higher prices..

September Coffee
Support is near the 4785 to 4775 and 4715 to 4695.

Resistance should appear near 4845 to 4855 and the 4915 to 4930 region.
BW Traders should go long if a close over 4865 occurs.

October Sugar
Support should appear near 562 to 558 and 548
Resistance should appear near 582 to 586 and 593

December Cotton
Recommended open BW position , long at 4860
Support should appear near 4785 to 4775 then 4715 to 4695 and the 4650 to 4635 region
Resistance is at 4845 to 4855 then 4915 to 4925 and 4975 to 4995 .

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

Saturday August 3rd, 2002
9:55 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.