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 14th, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Description of Services Premier Service

Tuesday August 13th, 2002
7:15 PM e.s.t

The ‘Frenzied’ Forex Front

September Yen
Support should appear near 8448 and 8406 to 8391
Resistance should appear near the 8484 to 8499 region, and 8529..
BW Traders should go long if a close over 8448 occurs.

September Euro Currency (EC)
Recommended open BW Position Long at 9725
Support should appear at 9779 and the 9737 to 9706 region..
Resistance is at 9837 , a close over augurs for a test of 9921 to 9937...

September Swiss Franc
Recommended open BW position, long 6689
Resistance should appear near 6741 to 6755 and the 6809 to 6836 region.
Support should appear near 6707 and 6673 to 6659
.
September British Pound
Support should appear near 1.5290 and 1.5226 then 1.5172
Resistance is at 1.5350 and 1.5510

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

September Aussie Dollar
Recommended open BW position, long 5388
Support is at 5282 to 5259 and the 5212 to 5200 region. BW Traders can buy at 5286 and risk a close under 5197 for three days in a row.
Resistance is at 5344 to 5356 and 5418 to 5430

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8484 to 8499 and 8560 to 8589.

Support should appear near 8406 to 8391 .Below that buyers should appear near 8314 to 8300 ..
Which should hold for a bit..

September SP500
Recommended open BW position, Short 885.00
Resistance is at 885..60 to 887.10 and 893.40 to 896.40 . Beyond that sellers should appear near 904.40 to 906.00.
Support should appear near 877.70 to 876.20 under that a test of 868.30 to 866.80 is likely.
Below that 858.90 to 856.00 should hold....

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

September Mini Nasdaq 100
Resistance is at 914.00 to 915.50 and 923.50. Beyond that sellers should appear near 931.50 to 934.50 .
Support is at 906.00 to 904.50 then 896.50 to 893.50.. .

Sept 10 Year T-Note
Resistance should appear near 113-23 to 114-07 which should cap a rally for a bit. Beyond that a test of 114-17 is likely.
Support is at 113-04 and 112-23 …

                               Precious Metals
December Gold
Recommended open BW position , long at 316.1
Support should appear at 315.7 to 314.5 and 310.2 to 309.1
Resistance is at the 319.4 to 321.3 region.. Above that a test of the 326.0 to 327 region is likely..
BW Traders should go long if a close over 321.7 occurs

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

Sept Silver
Support should appear near 458.5 to 457 and 444.5 to 443.5 under that 438.5 to 437 should contain
a decline.
Resistance is at 463 to 465 then 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
October Crude Oil
Recommended open position, long 2 at 2676 avg
Support should appear near 2724 to 2716 and 2672 to 2663
Resistance is at the 2758 to 2775 region ..Beyond that a test of 2820 to 2829 is likely.

October Natural Gas
Resistance is at 3.092 to 3.102 and the 3.145 to 3.157 region
Support is at 3.045 to 3.036 then 2.990 to 2.972 and 2.937 to 2.928

October Unleaded Gas
Recommended open BW position, long 7497
Support should appear near 7505 to 7485 and 7430 to 7415
Resistance is at 7585 to 7605, beyond that a test of the 7760 to 7780 region is likely..

October Heating Oil
Recommended open BW position, long 7052
Resistance is at 7140 to 7170.. Beyond that sellers should appear near 7240 to 7255 and
the 7325 to 7345 region.

Support should appear near 7090 to 7075 and 7005 to 6990 .

The Lively Livestock

October Live Cattle
Recommended open BW position, long 6837
Nearby Support should appear at 6835 to 6805. Below that buyers should appear near 6755 to 6740
Resistance is at 6907 to 6922,

October Hogs
Recommended open BW position, Short 3765
Support is at 3742 to 3732 and the 3682 to 3662 region.
Resistance is at 3792 to 3807 and 3857 to 3867

February Pork Bellies
Support should appear at 6165 then 6117 to 6102 and 6032 to 6022.
Resistance is at 6192 and 6257 to 6272, beyond that sellers should appear near 6337 to 6352
and the 6417 to 6432 region.

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains
Sept Soybeans
Resistance is at 585 1/2 to 589 then 594 1/2 to 595 3/4 and the 602 1/2 to 603 1/2 region..
Support should appear at 580 1/2 then 572 1/2 to 571 3/6 .

November Soybeans
Recommended open BW position, long 552 3/4
Resistance is at 564 to 565 1/2, beyond that a test of the 571 3/4 to 573 region is likely.
Support should appear at 557 3/4 to 555 1/4 and the 550 1/2 to 549 1/4 region.

Sept Soybean Meal
Recommended open BW position, long 185.4
Support should appear near 186.5 to 185.8 and 182.2 to 180.8
Resistance is at 190.2 to 190.9

Sept Soybean Oil
Recommended open BW position, long 2057
Support is near 2042 to 2034 and 1996 to 1982
Resistance should appear near the 2080 to 2088 region .

Sept Corn
Recommended Open position , long 2 at 254 avg
Resistance should appear near 271 3/4 to 272 1/2 and 275 3/4 to 277 1/2.
Support is at 267 1/2 to 266 1/4 and 256 3/4 to 255 1/4

Dec Corn
Recommended open BW position, long 272 1/4
Resistance should appear near 282 to 282 3/4 and the 287 1/2 to 288 1/4 region. .
Support is at 277 1/2 to 275 3/4 and 272 1/2 to 271 3/4

Sept Wheat
Recommended open Position long 2 at 346 3/4 avg
Support should appear at 355 1/2 and 350 1/2 to 349 1/4
Resistance is at 361 1/4 to 362 1/2 region..

December Wheat
Recommended open BW position, long 362 3/4
Support should appear at 368 1/2 to 366 1/4 then 362 1/2 to 361 1/4 and the 356 1/4 to 355 1/4 region.
Resistance is at 373 3/4 to 374 1/4 and the 379 1/2 to 380 3/4 region.

The Satisfying Softs

December Cocoa
Recommended open BW position, long 1832
Resistance is at 1858 to 1865 and the 1902 to 1909 region.

Support should appear near 1822 to 1808 and the 1780 to 1774 region.

December Coffee
Recommended open BW position, long 5200
Support is near 5140 to 5125 and 5065 to 5035
Resistance should appear near 5215 5255 to 5285 , beyond that a test of 5345 to 5355 is likely

October Sugar
Recommended open BW position, long 579
Support should appear near 586 to 582 and 562 to 558.
Resistance should appear near 594 and 601 to 609
BW Traders should go long if a close over 594 occurs.

December Cotton
Recommended open BW position, long 4690
Support should appear near 4635 and 4515 to 4505
Resistance is at 4695 to 4715 and 4775 to 4785 ..

Trade Accordingly and stay tuned for updates..
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 13th 2002
8:15 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.