Sunday August 25th

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 30th, 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
Sunday Night : "Not for Widows and Orphans" Radio Show

Description of Services Premier Service

Wed August 28th, 2002
3:00 PM e.s.t

The ‘Frenzied’ Forex Front

September Yen
Recommended open BW Position Long 2 at 8508 avg
Support should appear near the 8406 to 8391 which should contain a decline for a bit..
Under that buyers should appear near 8353..
Resistance should appear near the 8484 to 8499 region.. Beyond that a test of 8560 is likely
Stay tuned for Updates

September Euro Currency (EC)
Recommended open BW Position Long 9824
Support should appear at 9779 and the 9737 to 9707 region.
Resistance is at 9821 to 9837.. A close over is friendly and augurs for a test of 9921 to 9937

Stay tuned for Updates

September Swiss Franc
Recommended open BW Position Long 6704
Resistance should appear near 6707 , beyond that a trade towards the 96741 to 6755 region is likely.
Support should appear near 6673 to 6659 and the 6591 to 6577 region

September British Pound
Support should appear near 1.5290 and 1.5226
Resistance is at 1.5350 and the 1.5690 to 1.5760 region..
BW Traders should go long if a close over 1.5358 occurs.

September Canadian Dollar
Support should appear at 6383 and 6350 to 6337. Under that 6270 to 6257 should hold.
BW Traders can buy at 6273 and risk a close under 6162 for three days in a row.
Resistance is at 6417 to 6430 and the 6484 to 6509 region.

September Aussie Dollar
Recommended open BW Position Long 5535
Support is at 5504 to 5492. Under that buyers should appear near 5430 to 5418
Resistance is at 5553 to 5577

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8762 to 8777 then 8856 to 8871 and 8934 to 8964
Support should appear near 8683 to 8668 and the 8589 to 8560 region

September SP500
Recommended open position short at 885
Resistance is at 923.60 and 931.4 to 934.7and the 942.90 to 944.50 region .
Support should appear near 915.60 to 914.00 and the 906.00 to 904.40 region. . Under that buyers should emerge near 896.4 to 893.4

Nasdaq Composite
Resistance is at 1321.5 and 1334 to 1346.
Support should appear near 1310 to 1304 and 1289

September Mini Nasdaq 100
Resistance is at 952.50 to 954.50 and 962.50 to 964.00, beyond that sellers should appear near
970.50 to 973.50
Support is at 944.50 to 943.00 and the 934.50 to 931.50 region., under that buyers should
appear near 923.50 and the 915.50 to 914.00 region.

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

Precious Metals

December Gold
Recommended open BW position , long 2 at 313.5 avg
Support should appear at 310.2 to 309.2 and 304.5 to 303.6
Resistance is at the 314.8 to 315.7 region. Beyond that sellers should appear near 319.4 to 321.3

December Copper
Support should appear near the 6920 to 6905 and 6835 to 6805
Resistance should appear near the 6990 to 7005 region. A close over augurs for a test of a test of 7140 to 7170. BW Traders can sell at 7135 and risk a close over 7265 for three days in a row.

December Silver
Recommended open BW Position Long at 453
Support should appear near 451.5 to 450.5 under that 444.5 to 442.5 should contain ..
Resistance is at 457.5 to 458 and 463.5 to 465 .

The Exciting Energies
October Crude Oil
Recommended open BW position , long at 2928
Support should appear near 2829 to 2820 and the 2775 to 2758 region
Resistance is at 2874 to 2883 and 2928 to 2937.

October Natural Gas
Resistance is at 3.425 to 3.443 and 3.493 to 3.503
Support is at 3.386 to 3.377 and 3.328 to 3.319

October Unleaded Gas
Recommended open BW position , long at 7960
Support should appear near 690 to 7675 and the 7605 to 7585 region. . Below that support is at 7515 to 7485 . BW Traders can buy at 7520 and hold for higher prices ..
Resistance is at 7765 to 7780 and 7835 to 7865 . .

October Heating Oil
Recommended open BW position , long at 7635
Resistance is at 7585 to 7605 and 7675 to 7690.
Support should appear near 7515 to7485. and 7430 to 7415

The Lively Livestock

October Live Cattle
Recommended open BW position , Short at 6737
Nearby Support should appear near 6707 and 6672 to 6657.
Resistance is at 6742 to 6757 , Beyond that sellers should appear near |
the 6807 to 6837 region and cap a rally..

October Hogs
Recommended Open position Long at 3047
Support is at 3047 to 3037 and the 2997 to 2972 region.
Resistance is at 3092 to 3102 and 3147 to 3157

February Pork Bellies
Recommended open BW Position Long at 6207
Support should appear at 6037 to 6022 and 5957 to 5942
Resistance is at 6102 to 6122 and 6167 to 6197
-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains
November Soybeans
Recommended Open position Long 2 at 548 3/4
Resistance is at 546 1/4 and the 549 to 550 1/2 region..
Support should appear at 541 3/4 and 535 3/4 to 534 1/2.

December Soymeal
Recommended open BW Position Long 170.7
Support should appear near 169.6 to 168.9 and 165.5 to 164.2 which should contain a decline for a bit.. BW Traders can buy at 165.8 and risk a close under 160.7 for three days in a row.
Resistance is at 173.1 to 173.8

December Soybean Oil
Resistance is near 2080 to 2088
Support should appear near 2042 to 2034
BW Traders can buy at 2045 and risk a close under 1978 for three days in a row.

BW Traders should go long if a close over 2137 occurs.

Dec Corn
Recommended open BW Position Long 272 1/4
Resistance should appear near 271 4/5 to 272 1/2 and 275 3/4 to 277 1/2
Support is at 267 1/2 to 266 3/4.
BW Traders should go long if a close over 277 3/4 occurs.

- Stay tuned for Updates -

December Wheat
Recommended Open position Long 2 at 363 3/4 avg
Support should appear at 362 1/4 to 361 1/4 and 356 1/4 to 355 1/4
Resistance is at the 366 1/4 to 368 1/2 region. Beyond that a test of 373 1/2 to 374 1/2 is likely. .

The Satisfying Softs

December Cocoa
Recommended Open position Long at 1984
Resistance is at 1996 and 2034 to 2042
Support should appear near 1982 and 1953 to1946.

December Coffee
Recommended Open position Long 2 at 5170 avg
Support is near 5220 to 5200 and 5140 to 5125
Resistance should appear near 5345 to 5355 and 5415 to 5430.

-Stay tuned for updates-

October Sugar
Recommended open BW Position Long at 599
Support should appear near 571 and 563 to 558
Resistance should appear near 582 to 586

December Cotton
Recommended Open position Long 2 at 4690
Support should appear near 4650 to 4635 and 4590 to 4570.
Resistance is at 4775 to 4785 and 4845 to 4855

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 28th , 2002
4:00 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.