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 19th, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Description of Services Premier Service

"If the Creator had a purpose in equipping us with a neck, he surely meant for us to stick it out."-- Arthur Koestler

Sunday August 18th, 2002
8:00 AM 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 9837 beyond that a test of the 9921 to 9937 region is likely

September Swiss Franc
Resistance should appear near 6741 to 6755.
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 , a close over is friendly and augurs for a test of 1.5510

September Canadian Dollar
Support should appear at 6382 and 6350 to 6337
Resistance is at 6417 to 6430

September Aussie Dollar
Support is at 5430 to 5418 and 5356 to 5344 .
Resistance is at 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 1361.5 and the 1377 to 1383 region. Beyond that a test of 1396 is likely
Support should appear near 1346 to 1334.

September Mini Nasdaq 100
Resistance is at 1000 to 1005.00 then 1018.5 and the 1032.00 to 1036.00 region.
Support is at 993.50 to 992.00 then 983.50 to 982.00 and 974.00 to 970.50

Sept 10 Year T-Note
Resistance should appear near 111-23 and 112-07 .
Support is at 111-07 and 110-23.. which should contain a decline for sometime....

                               Precious Metals
December Gold
Recommended open BW position , long at 316.1
Support should appear at 314.8 and 310.2 to 309.1
Resistance is at the 315.7. a close is friendly and augurs for a test of the 319.4 to 321.3 region.. Beyond 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 6740 and 6670 to 6655
Resistance should appear near 6805 to 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 and 457.0 to 458.5

                        The Exciting Energies
October Crude Oil
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 3.213 then 3.261 to 3.270 and 3.319 to 3.328
Support is at 3.157 to 3.148 and 3.101 to 3.092

October Unleaded Gas
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 7415 to 7430 and the 7485 to 7510 region.
Support should appear near 7345 to 7335 and 7255 to 7240 then 7170 to 7140 .

The Lively Livestock

October Live Cattle
Support should appear at 6835 to 6805 and 6757 to 6742
Resistance is at 6907 to 6922

October Hogs
Support is at 3622 to 3612 and the 3562 to 3552 region
Resistance is at 3662 to 3682 and the 3732 to 3742 region.

February Pork Bellies
Support should appear at 6272 to 6252 and 6197 to 6165.
Resistance is at 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 588 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 to 579 and the 572 1/2 to 571 1/ 2

November Soybeans
Recommended open BW position, long 552 3/4
Resistance is at the 563 to 565 /1 2and 571 3/4.
Support should appear at 557 3/4 to 555 1/4 and the 559 1/2 to 549 1/2 region , which should
contain decline..

Sept Soybean Meal
Support should appear near 182.2 to 180.7 and 179.0 to 177.4
Resistance is at 185.5 to 186.5

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

Sept Corn
Resistance should appear near 271 3/4 to 272 1/2
Support is at 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. .
Support is at 282 and 277 1/2 to 275 3/4

Sept Wheat
Support should appear at 344 1/4 to 342 1/2 and 338 3/4 to 337 1/2
Resistance is at 349 1/4 to 350 1/2 and 355 1/2 to 356 1/4.

December Wheat
Recommended open BW position, long 362 3/4
Support should appear at the 356 1/4 to 355 1/4 region and 350 1/2 to 349 1/2
Resistance is at 361 1/4 to 362 1/2 and 366 1/4 to 368 1/4 and 373 3/4 to 374 1/4

The Satisfying Softs

December Cocoa
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 5065 and 5125 to 5140

October Sugar
Support should appear near 586 to 582 and 562 to 558
Resistance should appear near 594 and 601 to 609 .

December Cotton
Recommended open BW position, long 4690
Support should appear near 4515 to 4505 and 4445 to 4425
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

Sunday August 18th 2002
9:15 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.