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, Friday August 9th, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Description of Services Premier Service

Thursday August 8th, 2002
7:00 PM e.s.t

The Next issue of Bi-weekly Investment Outlook will be issued this weekend. Analysis for Energies will move to October, Cocoa and Coffee will move to December and Bellies will move to February.

The ‘Frenzied’ Forex Front

September Yen
Recommended open BW Position Long at 9339
Support should appear near 8223 to 8194
Resistance should appear near 8300 to 8316.

Sept Euro Currency (EC)
Recommended open BW Position Long at 9725
Support should appear near 9641 to 9625 and 9542 to 9526
Resistance is at 9707 to 9737

Stay tuned for Updates …

September Swiss Franc
Recommended open BW position, long 2 6699
Resistance should appear near 6624 and 6659 to 6673
Support should appear near 6591 to 6577

September British Pound
Support should appear near 1.5226 and 1.5120
Resistance is at the 1.5290 to 1.5350

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 8762 to 8777 and 8865 to 8871
Support should appear near 8683 to 8668 and 8589 to 8560.

September SP500
Resistance at 914.00 to 915.60 and 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 896.4o to 893.40 and the 887.10 to 885.60 region.

Nasdaq Composite
Resistance is at 1322 and 1334 to 1346
Support should appear 1310 to 1304 and 1289

September Mini Nasdaq 100
Resistance is at 952.5 to 954.50 and 962.5 to 964.00
Support is at 944.50 to 943.00 and 934.50 to 931.5under that 923.5 should hold.. failure there augurs for a test of 915.5 to 914.00 and eventually the 906.00 to 904.5 region

Sept 10 Year T-Note
Resistance should appear near 111-23 and 112-04
Support is at 111-12 and 110-23

                               Precious Metals
December Gold
Recommended open BW Position Long at 316.1
Resistance should appear at 314.8 to 315.7.
Support is 310.2 to 309.2 and the 304.5 to 303.6 region

September Copper
Support should appear near 6755 to 6740 and 6670 to 6655.
Resistance should appear near 6810 to 6835 and the 6905 to 6920 region.

Sept Silver
Support should appear near 458.5. to 457
Resistance is at 469.5 to 471.5.
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 2663 and 2620 to 2612
Resistance is at   2696 and the 2712 to 2720 region

September Natural Gas
Resistance is at 2.775 and 2.820 to 2.828
Support is at 2.758 and 2.724 to 2.716

September Unleaded Gas
Support should appear near 7515 to 7415 and the 7345 to 7325 region which should contain
a decline for some time .
Resistance is at 7585 to 7605 and the 7760 to 7780 region

September Heating Oil
Resistance is at 6740 to 6755 and 6805 to 6835
Support should appear near 6655 , under that 6590 to 6575 should contain a decline..

The Lively Livestock

October Live Cattle
Support should appear at 6757 to 6742 and 6672 to 6657
Resistance is at the 6807 to 6837 and 6907 to 6917

October Hogs
Support is at 3867 to 3857 and 3807 to 3797
Resistance is at 3907 to 3932 and the 3982 to 3992 region.

February Pork Bellies
Support should appear near 6272 to 6257 and 6192 to 6162
Resistance is at 6337 to 6352 and 6417 to 6432

The Grande’ Grains
Sept Soybeans
Recommended Open BW Position Long at 554
Resistance is at 549 to 550 1/2 and 555 1/4 to 557 3/4
Support should appear at 543 to 541 3/4 and 535 3/4 to 534 1/2

Sept Soybean Meal
Support should appear near 173.8 to 173.1
Resistance is at 177.5 to 178.0

Sept Soybean Oil
Support is near 1996 to 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 251 1/4 to 251 3/4
Support is at 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 337 3/4 and 332 3/4 to 331 3/4
Resistance is at the 342.5 to 344 .

The Satisfying Softs

September Cocoa
Resistance is at 1774 to 1780 , beyond that a test of 1808 to 1822 is likely.
Support should appear near 1738 to 1731 and 1696 to 1689

September Coffee
Support is near 4775 and 4715 to 4695 and 4655 to 4635.
Resistance should appear near 4845 to 4855 and the 4915 to 4925 region. .

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

October Sugar
Support should appear near 586 to 582
Resistance should appear near 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

Thursday August 8th, 2002
8:35 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.