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, Thursday August 22nd, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Description of Services Premier Service

Wed August 21st, 2002
3:00 PM e.s.t

The ‘Frenzied’ Forex Front

September Yen
Recommended open BW position, long 8543
Support should appear near 8445 and 8406 to 8391
Resistance should appear near 8484 to 8499, beyond that a test of 8560 to 8589 is likely..

September Euro Currency (EC)
Support should appear at 9779 and 9737 to 9706
Resistance is at 9821 to 9837 , an extended trade over augurs for a test of 9921 to 9937..

September Swiss Franc
Resistance should appear near 6707 and 6741 to 6755.
Support should appear near 6673 to 6659 and 6626
.
September British Pound
Support should appear near 1.5226 then 1.5172
Resistance is at 1.5350, a close over is friendly and augurs for an eventual 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 5417 .
Resistance is at 5492 to 5504

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8964 and 9044 to 9060, beyond that 9140 to 9156 should cap a rally..
Support should appear near 8934 and 8871 to 8856..an extended trade under augurs for a test of the 8777 to 8762 region and more likely 8683 to 8668..

September SP500
Recommended open BW position, Short 885.00
Resistance is at 952.60 to 954.2 , beyond that sellers should appear near 962.50 to 964.10 and 970.60 to 973.70
Support should appear near 944.5 to 942.90 and 934.70 to 931.60.

Nasdaq Composite
Resistance is at 1415 to 1421 and 1437
Support should appear near 1396 and 1383 to 1377

September Mini Nasdaq 100
Resistance is at 1047 and 1058 to 1068.
Support is at 1036 to 1032 and 1018.50

Sept 10 Year T-Note
Resistance should appear near 112-23 and 113-07
Support is at 112-07 under that 111-23 should contain a decline for sometime.

                               Precious Metals
December Gold
Recommended open BW position , long at 316.1
Support should appear at 390.2 and 304.5 to 303.6
Resistance is at 310.2 and 314.8 to 315.7

September Copper
Support should appear near 6755 to 6740 and 6675 to 6655
Resistance should appear near 6805 to 6835 and 6905 to 6920

Sept Silver
Support should appear near 438.5 to 437 and 431.5 to 430.0
Resistance is at 444.5 and 450.5 to 451.5.

                        The Exciting Energies
October Crude Oil
Support should appear near 2883 to 2874 and 2829 to 2820
Resistance is at 2928 to 2937 and 2972 to 2990

October Natural Gas
Resistance is at 3.377 to 3.386 and 3.425 to 3.443
Support is at 3.270 to 3.261 and 3.213 to 3.194

October Unleaded Gas
Support should appear near 7780 to 7765 and 7690 to 7675 then 7515 to 7485
Resistance is at 7865 and 7935 to 7955,    a close over augurs for a test of 8025 to 8035 and eventually the 8300 to 8315 region.

October Heating Oil
Recommended open BW position, long 7052
Resistance is at 7675 to 7690 and 7760 to 7780 .
Support should appear near 7605 to 7585 and 7515 to 7485 .

The Lively Livestock

October Live Cattle
Support should appear at 6742 and the 6672 to 6657 region
Resistance is at 6807 to 6837 and 6872

October Hogs
Support is at 3442 to 3422 and 3387 to 3377
Resistance is at 3492 to 3502 and the 3552 to 3562 region.

February Pork Bellies
Support should appear at 6037 to 6022 and 5957 to 5942
Resistance is at 6102 to 6117 and the 6162 to 6192 region.

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

Sept Soybeans
Resistance is at the 555 1/2 to 557 1/4.. Beyond that sellers should appear near 571 1/2 to 572 1/2
Support should appear at 543 to 541 3/4 then 528 1/2 to 525 3/4 and 521 1/4 to 520. BW Traders can buy at 521 ¾ and risk a close under 503 ¼ for three days in a row.

November Soybeans
Recommended open BW position, long 552 3/4
Resistance is at the 541 3/4 to 543 and 549 to 550 1/2 .
Support should appear at 535 3/4 to 534 1/2 and 521 1/4 to 52...BW Traders can buy at 512 3/4
risk a close under 503 1/4 for three days in a row.

Sept Soybean Meal
Support should appear near 177.4 and 173.8 to 173.1 then 169.6 to 168.9 which should contain a decline for a bit.. BW Traders can buy at 169.8 and risk a close under 168.7 for three days in a row.
Resistance is at 180.8 to 182.2

Sept Soybean Oil
Support is near 2080 and 2042 to 2034
Resistance should appear near 2088, a close over is friendly and augurs for a test of 2126 to 2134

Sept Corn
Resistance should appear near 261 1/4 to 262 and 266 1/4 to 267 1/2
Support is at 256 3/4 to 255 1/4

Dec Corn
Resistance should appear near 275 3/4 to 277 1/2 .
Support is at 271 3/4 and 267 1/4 to 266 3/4

Sept Wheat
Support should appear at 337 3/4 and 332 3/4 to 331 3/4 under that buyers should appear near
321 1/4 to 319 1/2. BW Traders can buy at 321 3/4 and risk a close under 314 1/4 for three days in a row.
Resistance is at 342 1/2 to 344 1/4

December Wheat
Recommended open BW position, long 362 3/4
Support should appear at 349 1/2 and 344 1/2 to 342 1/2
Resistance is at 355 1/4 to 356 1/2

The Satisfying Softs

December Cocoa
Resistance is at 1947 to 1953 and the 1982 to 1996 region

Support should appear near 1909 to 1902 and 1865 to 1858.

December Coffee
Recommended open BW position, long 5200
Support is near the 4995 to 4975 and 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, beyond that a test of 5200 to 5210 is likely.

October Sugar
Support should appear near 582 then 571 and 562 to 558
Resistance should appear near 586 then 594 and 601 to 609

December Cotton
Recommended open BW position, long 4690
Support should appear near 4425 and 4380 to 4370
Resistance is at 4505 to 4515 and 4570 to 4585 .

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

Wed August 21st 2002
4:10 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.