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 16th, 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

“Accomplishments will prove to be a journey, not a destination.”

-Dwight D. Eisenhower-

Thursday August 15th, 2002
4:35 PM e.s.t

The ‘Frenzied’ Forex Front

September Yen
Recommended open BW position, long 8543
Support should appear near 8499 to 8484 and 8406 to 8391
Resistance should appear near 8529 and 8560 to 8589.

September Euro Currency (EC)
Support should appear at 9779 and 9737 to 9706
Resistance is at 9821 to 9837.

September Swiss Franc
Resistance should appear near 6741 to 6755n.
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 6382 and 6350 to 6337
Resistance is at 6417 to 6430

September Aussie Dollar
Recommended open BW position, long 5388
Support is at 5356 to 5344 .
Resistance is at 5418 to 5430 a close over is friendly and augurs for an eventual test of
5492 to 5504

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8856 to 8871 and 8934 to 8964, beyond that sellers should appear near
9044 to 9060
Support should appear near 8777 to 8762 , a close under is negative and augurs for a test of 8683 to 8668 and eventually the 8590 to 8560 region..

September SP500
Recommended open BW position, Short 885.00
Resistance is at 931.60 to 934.70.. Beyond that 942.90 to 944.50 should cap a rally..
Day Traders can sell at 942.70 and hold for lower prices..stay tuned for a stop..
Support should appear near 923.60 and 915.60 to 914.00 .

Nasdaq Composite
Resistance is at 1346 then 1361.5 and the 1377 to 1383 region .
Support should appear near 1334 then 1321.5 then 1310 to 1304.. which should contain a decline..

September Mini Nasdaq 100
Resistance is at 992..00 to 993.50 and 1000 to 1005.00
Support is at 983.50 to 982.00 and 974.00 to 970.50

Sept 10 Year T-Note
Resistance should appear near 112-23 and 113-04 .
Support is at 112-07 and 111-23

                               Precious Metals
December Gold
Recommended open BW position , long at 316.1
Support should appear at 315.7 to 314.8 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..
A close over 327 is friendly and augurs for a test of 331.9 to 332.8 and eventually the 337.7 to 338.6 region..

BW Traders should go long if a close over 321.7 occurs

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

Sept Silver
Support should appear near 444.5 to 443.5 under that 438.5 to 437 should contain
a decline.
Resistance is at 450.5 to 451.5

                        The Exciting Energies
October Crude Oil
Recommended open position, long 2715
Support should appear near 2829 to 2820 and 2775 to 2758
Resistance is at the 2874 to 2882 region, beyond that a test of 2928 to 2937 is likely.

October Natural Gas
Resistance is at 3.194 to 3.213 and 3.261 to 3.270
Support is at 3.157 to 3.148 and 3.101 to 3.092

October Unleaded Gas
Recommended open BW position, long 7497
Support should appear near 7690 to 7675 and 7515 to 7485
Resistance is at 7760 to 7780 and 7835 to 7865 , a close over augurs for a test of 8025 to 8035 .

October Heating Oil
Recommended open BW position, long 7052
Resistance is at the 7325 to 7345 region. Beyond that a test of 7415 to 7430 is likely...
Support should appear near 7255 to 7240 and 7170 to 7140 .

The Lively Livestock

October Live Cattle
Recommended open BW position, long 6837
Support should appear at 6835 to 6805 and 6757 to 6742
Resistance is at 6907 to 6922

October Hogs
Support is at 3662 and 3622 to 3612
Resistance is at 3732 to 3742 and 3792 to 3807

February Pork Bellies
Support should appear at 6197 to 6165 then 6117 to 6102 and 6032 to 6022.
Resistance is at 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 594 1/2 to 595 3/4 and the 602 1/2 to 603 1/2 region..
Support should appear at 588 to 585 1/2 and 580 1/2 to 579.

November Soybeans
Recommended open BW position, long 552 3/4
Resistance is at the 579 1/2 to 580 1/2 region.. Beyond that a test of 585 1/2 to 588 is likely.
Support should appear at 571 3/4 and 565 1/4 to 564, under that 557 3/4 to 555 1/4 should contain decline..

Sept Soybean Meal
Support should appear near 186.5 to 185.8
Resistance is at 190.2 to 190.9

Sept Soybean Oil
Support is near 2088 to 2080
Resistance should appear near the 2126 to 2134 .

Sept Corn
Resistance should appear near 275 3/4 to 277 1/2 and the 282 to 282 3/4 region
Support is at 271 3/4 and 267 1/2 to 266 1/4

Dec Corn
Recommended open BW position, long 272 1/4
Resistance should appear near the 287 1/2 to 288 1/4 region. Beyond that a
test of 292 3/4 to 293 3/4 is likely .
Support is at 282 3/4 to 282 and 277 1/2 to 275 3/4

Sept Wheat
Support should appear at 350 1/2 to 349 1/4 and 344 1/4 to 342 1/2
Resistance is at 355 1/2 to 356 1/4.

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

The Satisfying Softs

December Cocoa
Recommended open BW position, long 1832
Resistance is at the 1902 to 1909 region. Beyond that a test of 1947 to 1953 is likely.

Support should appear near 1865 to 1858 and 1822 to 1808.

December Coffee
Recommended open BW position, long 5200
Support is near the 4930 to 4915 region. Under that buyers should appear near the 4715 to 4695 region… BW Traders can buy at 4730 and risk a close under 4620 for three days in a row.

Resistance should appear near 5035 to 5065 and 5125 to 5140

October Sugar
Recommended open BW position, long 2 at 594
Support should appear near 609 to 601 and 594
Resistance should appear near 620 and the 630 to 634 region.

December Cotton
Recommended open BW position, long 4690
Support should appear near 4515 to 4505
Resistance is at 4635 to 4650 .

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

Thursday August 15th 2002
5:05 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.