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 Sept 4th, 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
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Description of Services Premier Service

Tuesday September 3rd, 2002
2:30 PM e.s.t

The ‘Frenzied’ Forex Front

September Yen
Support should appear near 8529 and the 8499 to 8484 region, which should contain a decline for a bit..
Resistance should appear near 8560 to 8589 and 8626

September Euro Currency (EC)
Support should appear at 9937 to 9921 and 9879.
Resistance is at 9979 and 10021 to 10037

September Swiss Franc
Resistance should appear near 6809 to 6836, beyond that a trade towards the 6906 to 6919 region
is likely.
Support should appear near 6782 and the 6755 to 6741 region

September British Pound
Support should appear near 1.5568 and 1.5510
Resistance is at the 1.5690 to 1.5760 region..

September Canadian Dollar
Support should appear at 6430 to 6417and 6383
Resistance is at the 6483 to 6509 region.

September Aussie Dollar
Recommended open BW Position Long 5535
Support is at 5463.. Under that buyers should appear near 5430 to 5418
Resistance is at 5492 to 5504

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8391 to 8406 and 8484 to 8499
Support should appear near the 8314 to 8300 and the 8223 to 8194 region

September SP500
Resistance is at 885.6 to 887.1 and 893.4 to 896.4.
Support should appear near 877.70 to 876.20..Under that buyers should emerge near 868.30 to 866.80

Nasdaq Composite
Resistance is at 1274 and 1289 then 1304 to 1310
Support should appear near 1253 and 1238 to 1232

September Mini Nasdaq 100
Resistance is at 904.50 to 906 then 915.00 to 915.50 and the 931.50 to 935.00 region.
Support is at 896.50 to 893.50 and 878.00 to 876.00 .

Sept 10 Year T-Note
Resistance should appear near 114-23 and 115-07
Support is at 114-07 and 113-23

                            Precious Metals
December Gold
Recommended open BW position , long 2 at 313.5 avg
Support should appear at 312.50 and 310.2 to 309.2
Resistance is at 315.7 . Beyond that sellers should appear near 319.4 to 321.3

December Copper
Support should appear near 6835 to 6805 and 6755 to 6740
Resistance should appear near the 6905 to 6920.

December Silver
Recommended open BW Position Long at 453
Support should appear near 444.5 to 442.5 and 438.5 to 437.0
Resistance is at 450 to 451.5 and 457.5 to 458 .

                        The Exciting Energies
October Crude Oil
Recommended open BW position , long at 2928
Support should appear near 2775 to 2758 and the 2724 to 2716 region
BW traders can buy at 2727 and hold for higher prices..
Resistance is at 2820 to 2829.

October Natural Gas
Recommended open BW position , long at 3.105
Resistance is at 3.148 to 3.157 and 3.194 to 3.213
Support is at 3.102 to 3.092 and the 3.045 to 3.036 region

October Unleaded Gas
Recommended open BW position , long 2 at 7740 avg
Support should appear near 7435 to 7415 and 7345 to 7320
Resistance is at 7515 and the 7585 to 7605 region.

October Heating Oil
Recommended open BW position , long 2 at 7495 avg
Resistance is at 7325 to 7345 and the 7414 to 7430 region
Support should appear near 7255 to 7245 and 7170 to7145

The Lively Livestock

October Live Cattle
Recommended open BW position , Short at 6737
Nearby Support should appear near 6672 to 6657.
Resistance is at 6712 and 6742 to 6757.

October Hogs
Recommended Open position Long at 3047
Support is at 2997 to 2972 and the 2937 to 2927 region .
Resistance is at 3037 to 3047 and 3092 to 3102

February Pork Bellies
Recommended open BW Position Long at 6207
Support should appear at 6167 then 6112 to 6102 and the 6037 to 6022 region
Resistance is at 6197 then 6257 to 6272 and 6337 to 6352
-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains
November Soybeans
Recommended Open position Long at 544 1/2
Resistance is at 550 1/2 and the 555 1/4 to 557 3/4 region.
Support should appear at 543 to 541 1/2 and 535 3/4 to 534 1/2.

December Soymeal
Recommended open BW Position Long 170.7
Support should appear near 171.4 then 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 and 177.4 to 178.0

December Soybean Oil
Recommended open BW Position Long 2045
Resistance is near 2080 to 2088
Support should appear near 2042 to 2034 and 1996 to 1982

Dec Corn
Recommended open BW Position Long 272 1/4
Resistance should appear near 275 3/4 to 277 1/2 and the 282 to 282 3/4 region.
Support is at 272 1/2 to 271 3/4 and 267 1/4 to 266 1/4
BW Traders should go long if a close over 277 3/4 occurs

December Wheat
Recommended Open position Long at 365 1/4
Support should appear at 373 3/4 then 368 1/2 to 366 1/4 and 362 1/4 to 361 1/4
Resistance is at 379 1/2 to 380 3/4 and the 385 3/4 to 386 1/2 region.

The Satisfying Softs

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

December Coffee
Recommended Open position Long at 5265
Support is near 5505 to 5490 and the 5430 to 5415 region. Under that buyers should appear near
5355 to 5345
Resistance should appear near 5640 to 5655 and the 5715 to 5730 region.

-Stay tuned for updates-

October Sugar
Recommended open BW Position Long at 599
Support should appear near 619 then 609 to 601 and 594
Resistance should appear near 630 to 634 and 656 to 661

December Cotton
Recommended Open position Long at 4690
Support should appear near 4570 and the 4515 to 4505 region
Resistance is at 4635 to 4650

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 , September 3rd , 2002
3:45 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.