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 Sept 5th, 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 September 4th, 2002  
2:50 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 

September  Swiss Franc
Resistance
should appear near 6782 and 6809 to 6836 
Support should appear near 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 5430 to 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 8445 then 8484 to 8499 and 8560 to 8589 
Support should appear near the 8406 to 8391 then 8353 and  8314 to 8300 

September SP500
Resistance
is at  893.4 to 896.40  and  904.40 to 906.00 and 914.00 to 915.60 
Support
should appear near 887.1 to 885.60 and 877.70 to 876.20..

Nasdaq Composite
Resistance
is at 1304 to 1310 and 1321.5 
Support
should appear near 1289 and 1274 to 1268

September Mini Nasdaq 100
Resistance
is at  931.50 to 935.00 and 942.50 to 944.50  
Support is at 915.50 to 914.00 then 906.00 to 904.50 and 896.50 to 893.50 .  

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 311
Support
should appear at 315.7 to 314.8 and 312.50    
Resistance
is at  319.4 to 321.3

December Copper  
Support
should appear near  6805 and 6755 to 6740 
Resistance
should appear near 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 2820 then 2775 to 2758 and the 2724 to 2716 region.. Under that  
BW traders can buy at 2727 and hold for higher prices.. 
Resistance is at 2851 and 2874to 2883  

October Natural Gas
Resistance
is at 3.261 to 3.270 and 3.319 to 3.328  
Support is at  3.157 to 3.148 and  3.102 to 3.902  

October
Unleaded Gas
Recommended open BW  position , long 2  at 7740 avg
Support should appear near 7585 and 7515 to 7485  
Resistance
is at 7675 to 7690 and the 7760 to 7780  region. 

October Heating Oil
Resistance
is at  7515 and 7580 to 7605   
Support should appear near  7430 to 7415 and 7345 to 7325

                           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 
Support
is at 3102 to 3092 and 3047 to 3037  .
Resistance is at 3147 to 3157 and 3192 to 3212  

February Pork Bellies
Support should appear at 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 555 1/4 to 557 3/4 . 
Support should appear at  550 1/2 to 549 1/4 and 543 to 541 1/2 

December Soymeal
Support should appear near 173.1 and 169.6 to 168.9 . 
Resistance
is at 175.6 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 2 at  275 1/4  avg
Resistance should appear near the 282 to 282 3/4 region.  
Support
is at 277 1/2 to 275 3/4 and 272 1/2 to 271 3/4 

December Wheat
Support should appear at 380 3/4 to 379 1/2 and 374 1/2 to 373 3/4
R
esistance
is at 386 1/2 , beyond that a test of 390 3/4 to 392 3/4 is likely  

                                                         The Satisfying Softs

December Cocoa 
Recommended Open position Long at 1984  
Resistance
is at 1996 and 2015
Support should appear near 1982 and 1953 to1946.

December
Coffee
Recommended Open position Long at  5265  
Support
is near 5725 to 5715 and 5655 to 5640 . Under that buyers should appear near 
5580 to 5550  
Resistance
should appear near 5790 to 5805 and the 5945 to 5955 region. 

-Stay tuned for updates-

October Sugar
Support should appear near  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

Wed ,  September 4th , 2002
3:59 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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