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, Wed August 7th, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Tuesday August 6th, 2002
5:00 PM e.s.t

The ‘Frenzied’ Forex Front

September Yen
Support should appear near 8223 to 8194 and the 8134 to 8119 region.. Traders can buy at 8137 for a bounce and risk a close under 8023 for three days in a row.
Resistance should appear near 8300 to 8314 a close over is friendly and augurs for a test of
8392 to 8406 BW Traders should go long if a close over 8316 occurs.

Sept Euro Currency (EC)
Support should appear near 9641 to 9625 and 9584.
Resistance is at 9683 and 9706 to 9737
BW Traders should go long if a close over 9682 occurs

Stay tuned for Updates …

September Swiss Franc
Recommended open BW position, long 6709
Resistance should appear near 6659 to 6673
Support should appear near 6626 and the 6591 to 6577 region.
BW Traders should go long if a close over 6677 occurs.

September British Pound
Support should appear near 1.5290 and 1,5226
Resistance is at the 1.5350 and 1.5426

September Canadian Dollar
Support should appear at 6270 to 6257
Resistance is at 6337 to 6350

September Aussie Dollar
Support is at 5282 to 5259
Resistance is at 5344 to 5356 .

                             The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8300 to 8314 then 8392 to 8406 and 8484 to 8499
Support should appear near 8223 to 8194

September SP500
Resistance is at 876.20 to 877.70 and the 885.60 to 887.10 region
Support should appear near 868.30 to 866.80 and 858.90 to 856

Nasdaq Composite
Resistance is at 1268 to 1274 then 1289 and 1304 to 1310 .
Support should appear near 1253 and 1238 to 1232.

September Mini Nasdaq 100
Resistance is at 932.00 to 934.50 and the 943.00 to 944.50 region .
Support is at 916.00 to 914.00 and 896.5 to 893.5

Sept 10 Year T-Note
Resistance should appear near 111-23 and 112-04
Support is at 111-02 and 110-23

                               Precious Metals
December Gold
Support should appear at 306.8 then 304.5 to 303.6 and the 299.0 to 297.2 region.
Resistance is at 309.2 to 310.2
BW Traders should go long / add if a close over 310.6 occurs

September Copper
Support should appear near 6670 to 6655 and the 6590 to 6575 region
Resistance should appear near 6740 to 6755 and 6810 to 6835

Sept Silver
Support should appear near 458.5. to 457
Resistance is at 463 to 465 and the 469.5 to 471.5 region
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 2674 to 2663 and 2620 to 2612
Resistance is at 2716 to 2724 and the 2758 to 2775 region.

September Natural Gas
Resistance is at 2.758 to 2.775 and 2.820 to 2.829.
Support is at 2.672 to 2.663 and 2.620 to 2.162

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 6755 and 6805 to 6835
Support should appear near 6670 to 6655 , under that 6590 to 6575 should contain a decline..

The Lively Livestock

October Live Cattle
Support should appear at 6757 to 6742
Resistance is at the 6807 to 6837 and 6907 to 6917

October Hogs
Support is at 3807 to 3797 and 3747 to 3732
Resistance is at 3857 to 3867 and 3907 to 3932

August Pork Bellies
Support should appear near 5727 to 5712 and 5652 to 5637
Resistance is at 6022 to 6037

The Grande’ Grains
Sept Soybeans
Recommended Open BW Position Long at 554
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 then 543 to 541 3/4 and 535 3/4 to 534 1/2

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

Sept Soybean Oil
Support is near 1982 and 1953 to 1946 .
Resistance should appear near 2034 to 2042

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 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 2 at 331 3/4 avg
Support should appear at 338 3/4 to 337 3/4 and 332 3/4 to 331 3/4
Resistance is at 342 1/2 to 344 1/2 and the 349 1/4 to 350 1/4 region.

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 4715 to 4695 and 4655 to 4635.
Resistance should appear near 4775 to 4785 and the 4845 to 4855 region.
BW Traders should go long if a close over 4865 occurs.

October Sugar
Support should appear near 582 and 572 then 562 to 558
Resistance should appear near 586 and 593 then 601 to 609

December Cotton
Support should appear near 4582 to 4571 and 4514 to 4503
Resistance is at 4635 to 4650 and 4695 to 4715.

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

Tuesday August 6th, 2002
6:00 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.