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 Sept 6th, 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

Thursday September 5th, 2002  
6:30 PM e.s.t

                            The ‘Frenzied’ Forex Front

September  Yen  
Supp
ort should appear near 8445 and 8406 to 8391.
Resistance should appear near 8484 to 8499 and 8560 to 8589  

September Euro Currency (EC)
Support should appear at  9879 and 9837 to 9821 
Resistance is at 9921 to 9937, beyond that a test of 10021 to 10037 is likely.  

September  Swiss Franc
Resistance
should appear near 6809 to 6836 , beyond that a test of 6909 to 6919 is likely. 
Support should appear near 6782 and 6755 to 6741

September British Pound
Support
should appear near  1.5568 and 1.5510
Resistance
is at the 1.5690 to1.5760 region.. 

September Canadian Dollar
S
upport should appear at 6350 to 6337 
Resistance is at  the 6383 and 6417 to 6430.

September Aussie Dollar
Recommended open BW Position Long 5535 
Support is at should  appear near 5418  and 5387 
Resistance is at 5463 and 5492 to 5504  

                           The Sensational Stock and Bond Markets

Dow Jones Industrial Average

Resistance should appear near 8300 to 8314 and 8353, beyond that sellers should appear near 8391 to 8406  and the 8484 to 8499 region. 
Support should appear near the 8223 to 8194 , a slip under augurs for a test of the 8134 to 8119 region.. 
 


September SP500
Resistance
is at 885.60 to 887.10 then 893.4 to 896.40  and  904.40 to 906.00, beyond that sellers should appear near 914.00 to 915.60 and Cap a rally 
Support
should appear near 877.70 to 876.20 then 868.30 to 866.80, below that buyers should appear near 
858.90 to 856.00 and the 8549.90 to 848.40 region. 

Nasdaq Composite
Resistance
is at 1238 to 1232 and 1203 to 1192 
Support
should appear near 1268 to 1274 and 1289

September Mini Nasdaq 100
Resistance
is at  904.50 to 906.00 and 94.00 to 915.50 , beyond that sellers should appear near 
931.50 to 935.00.  
Support is at  896.50 to 893.50 and 877.50 to 876.00 under that buyers should appear  near 
840.50 to 839.00.

Sept
10 Year  T-Note
Resistance
should appear near 115-07 and 115-22.. Beyond that a test of 116.07 is likely. 
Support is at 114-07 and 113-23 under that buyers should appear near 113-04 and 112-23

   
                           
Precious Metals
December  Gold
Recommended open BW  position , long 311
Support
should appear at 315.7 to 314.8 and 312.50    
Resistance
is at  321.3 and the 326.1 to 327.0 region. 

December Copper  
Support
should appear near 6740 and 6675 to 6655 , a slip under is negative and augurs for a test of 6590 to 6575. 
Resistance
should appear near 6805 to 6835 and 6905 to 6920. 

December
Silver  
Recommended open BW Position Long at 453
Support
should appear near  451.5 to 450.5 and 444.5 to 442.5  
Resistance is at 457.5 to 458 and the 463.5 to 465.0 region.  
 
                        The Exciting Energies
October Crude Oil
Recommended open BW  position , long  at 2928
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 3.445
Support is at  3.328 to 3.319 and 3.270 to 3.261   

October
Unleaded Gas
Recommended open BW  position , long 2  at 7740 avg
Support should appear near 7780 to 7760 and 7690 to 7675 
Resistance
is at 7835 to 7865 and the 7935 to 7955 region. .. beyond that a test of 8025 to 8045 is likely  

October Heating Oil
Resistance
is at  7835 to 7860 and 7940 to 7960    
Support should appear near 7690 to 7675 then  7605 to 7585 and 7515 to 7485 

                           The Lively Livestock

October Live Cattle
Nearby Support should appear near 6757 to 6742 and 6707.
Resistance
is at 6807 to 6837 and 6907 to 6922

October Hogs 
Support
is at 3212 to 3192 and 3102 to 3092 .
Resistance is at 3317 to 3332 then 3377 to 3387 and 3422 to 3442. 

February Pork Bellies
Support should appear at 6432 to 6417 then 6357 to 6332 and the 6272 to 6257 region 
Resistance is at 6482 to 6512 and 6577 to 6592 
    -Stay tuned for Livestock and Belly Updates and Flashes-

                   The Grande’ Grains
November Soybeans
Recommended Open position Long at 544 1/2  
R
esistance is at 557 3/4 , beyond that a test of 564 to 565 1/4 is likely.  
Support should appear at  550 1/2 to 549 1/4 and 543 to 541 1/2 

December Soymeal
Support should appear near 173.8 to 173.1 and 169.6 to 168.9 . 
Resistance
is at 177.4 to 178.0 

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

Dec Corn
Recommended open BW Position Long  at  278 1/2
Resistance should appear near 282 to 282 3/4 and 287 1/2 to 288 1/4   
Support
is at 277 1/2 to 275 3/4 and 272 1/2 to 271 3/4  

December Wheat
Support should appear at 392 3/4 to 390 1/2 and  386 3/4 to 385 3/4  
R
esistance
is at 398 1/2 to 399 1/4 and the 404 3/4 to 405 3/4 region.   

                                                         The Satisfying Softs

December Cocoa 
Resistance
is at 2015 and 2034 to 2042
Support should appear near 1996 to 1982 and 1953 to1946.

December
Coffee
Support
is near 5655 to 5640 . Under that buyers should appear near 5580 to 5550
 and the 5505 to 5490 region. 
Resistance
should appear near 5715 to 5730 then  5790 to 5805 and the 5945 to 5955 region. 

-Stay tuned for updates-

October Sugar
Support should appear near 609 to 601 and 594  
Resistance should appear near 621 and 630 to 634

December Cotton
Recommended Open position Long  at  4690  
Support
should appear near 4515 to 4505  and 4445 to 4425       
Resistance
is at 4570 to 4585 and 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

Thursday ,  September 5th , 2002
7:50 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.

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