FuturesCom Investment Publications Since 1989 Economic and Investment Trend Analysis Since 1979

Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500
Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments, Tuesday June 10th 2003
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

Monday June 9th, 2003
4:30 PM eastern standard time

The ‘Frenzied’ Forex Front

Sept Yen
Support should appear near 8445 and 8406 to 8391
Resistance should appear near 8499 and 8560 to 8589 .

Sept Euro Currency (EC)
Recommended Open position Long 11813
Support should appear near 11665 to 11640 and 11570, below that 11500 should contain a decline

Resistance is at 11690 then 11747 and 11805

Sept Swiss Franc
Recommended open position long 2 at 7671 avg
Resistance should appear near 7638 and the 7676 to 7689 region

Support should appear near 7601 to 7589 and 7550. Below that buyers should appear near 7513 to 7486.

Sept British Pound
Support should appear near then 1.6284 and 1.6150 to 1.6090. BW Traders can buy at 1.6168 and risk a close under 1.6076 for three days in a row.   Below that buyers should appear near 1.5928 and the 1.5760 to 1.5690 region.

Resistance should appear near 1.6352 and 1.6420

Sept Canadian Dollar
Recommended open position long at 7410
Support should appear near 7291 and 7255 to 7242. Below that 7170 to 7143 should contain a decline for a bit.

Resistance is at 7328 to 7342 and 7378

Sept Aussie Dollar
Recommended open position long at 6585
Support is at 6483 and 6430 to 6417

Resistance should appear near 6509 and 6577 to 6591

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9044 to 9060 and 9140 to 9156

Support should appear near 8964 to 8934 and 8871 to 8856

June SP500
Recommended open Position Short 970.20
Resistance is at should appear near 982.10 to 983.70 and the 992.10 to 993.70 region.

Support should appear near 973.70 to 970.60 and the 964.10 to 962.50 region

Stay tuned for BW SP500 Updates and Index program trades , while day trades can occur at anytime

Nasdaq Composite
Nearby Resistance should appear near1609 to 1615 and 1628

Support should appear near 1587 and 1576 to 1569 .

June Mini Nasdaq 100
Resistance is at 1202 and the 1232 to 1238 region.

Support should appear near 1192 and the 1169 to 1164 region

September Ten Year T-Notes
Resistance should appear near 119-07 and 119-23

Support is at 118-23 then 118-04 and 117-23.

The Precious Metals

August Gold
Recommended Open Position Long 2 at 371.8 avg
Support should appear at 361.3 and the 356.3 to 355.3 region

Resistance is at 366.3 to 368.2 and the 373.4 to 374.3 region .

July Copper
Support should appear near 7690 to 7675 and the 7605 to 7585 region.

Resistance should appear near 7765 to 7780 and 7835 to 7865

July Silver
Support should appear near 451.5 to 450 and 444.5 to 442.5

Resistance is at 457 to 458.5 and 463.5 to 465.0

The Exciting Energies

July Crude Oil
Support should appear near 3102 to 3092 and 3045 to 3036.

Resistance is at 3148 to 3157 and the 3194 to 3213 region

Trade Accordingly..

July Unleaded Gas
Support should appear near 8935 then 8870 to 8855 and 8775 to 8760

Resistance is at 9045 to 9060 and 9140 to 9155

July Heating Oil
Resistance is at 7835 to 7865 and 7945 to 7955

Support should appear near 7765 and 7605 to 7585

The Lively Livestock

August Live Cattle
Support should appear near 6907 and 6837 to 6812

Resistance is at 6922 and 6992 to 7002.

July Lean Hogs
Recommended Open position Long at 6832
Support is at 6837 to 6807 then 6757 to 6742 and 6672 to 6657 ..BW Traders can buy at 6672 for a bounce and risk a close under 6567 for three days in a row..

Resistance is at 6907 to 6922. and 6992 to 7002

July Pork Bellies
Recommended Open position Long 2 at 9500 avg
Support should appear near 9157 to 9142 and 9062 to 9047

Resistance is at 9237 and 9317 to 9347

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains
July Soybeans
Recommended Open position Long at 631 1/2
Resistance is at 627 and 633 3/4 to 635

Support should appear near 619 to 616 1/2 and 611 1/2 to 610 1/4

July Soymeal
Recommended open position long at 188.6
Nearby Support should appear near 190.9 to 190.2 and 186.5 to 185.8

Resistance is at 194.6 to 195.3, a close over is friendly and augurs for a test of 198.2 to 199
BW Traders should go long if a close over 195.7 occurs

July Soybean Oil
Resistance should appear near 2219 to 2226 and 2267 to 2275

Support should appear near 2185 to 2170

July Corn
Recommended Open position Long 241 3/4
Resistance should appear near 237 and 241 1/4 to 242

Support is at 235 1/2 and 232 1/4 to 231 3/4

BW Traders should go long if a close over 247 3/4 occurs.

July CBOT Wheat
Support should appear at near 327 to 326 1/4 and 321 1/4 to 319 1/2

Resistance is at 331 3/4 to 332 3/4 and 337 3/4 to 338 3/4

The Satisfying Softs

In the next BW, Analysis will roll to September for coffee and cocoa, October for sugar and December for Cotton.
July the ‘Monster’ Coffee
Support is near 5880 to 5855 and the 5805 to 5790 region..

Resistance should appear near 5945 to 5955 and 6100 to 6115

September Coffee
Recommended Open Position Long 6165

July Cocoa
Support is at 1496 to 1484 and 1459 to 1453

Resistance should appear near 1529 to 1535 and 1569 to 1576

July Sugar
Support should appear near 661 to 656

Resistance should appear near 682 to 686.

July Cotton
Recommended Open Position Long 5225
Support should appear near 5210 to 5200 then 5140 to 5125 and 5065 to 5035

Resistance should appear near 5244 to 5280 and 5345 to 5355

A Ship in Harbor is Safe.. But that is not what ships are built for –

Happy Trading!
Bill wil@futurescom.com

1-561-433-2995

Monday June 9th 2003

5:25 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.