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, Thursday June 12th 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

Note: We are taking an early weekend before the open tomorrow, Thursday June 12th. Therefore ,
there will not be a Morning Comment sent for Friday June 13th. Any 'BW' Trades elected on Thursday or Friday from the current Bi-weekly will be sent in a recap Sunday prior to the release of the next Bi-Weekly Sunday night.

Wed June 11th, 2003
2:00 PM eastern standard time

The ‘Frenzied’ Forex Front

Sept Yen
Support should appear near 8499 to 8484 and 8445

Resistance should appear near 8560 to 8589 and 8668 to 8683

Sept Euro Currency (EC)
Recommended Open position Long 11813
Support should appear near 11690 to 11665 and 11640 below that buyers should appear near 11570 and 11500

Resistance is at 11747 then 11805 and 11920

Sept Swiss Franc
Recommended open position long 2 at 7671 avg
Resistance should appear near 7676 to 7689 and the 7763 to 7777region

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 1.6550 to 1.6486 and 1.6420

Resistance should appear near 1.6710 and the 1.6890 to 1.6960 region.

Sept Canadian Dollar
Recommended open position long at 7410
Support should appear near 7342 to 7328 and 7255 to 7242. .

Resistance is at 7414 to 7428

Sept Aussie Dollar
Recommended open position long at 6585
Support is at 6509 to 6483 and 6430 to 6417

Resistance should appear near 6577 to 6591 and 6659 to 6673

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9237 and the 9316 to 9347 region.

Support should appear near 9156 to 9140 and 9060 to 9044.

September SP500
Recommended Open Position Short 996.00
Resistance is at should appear near 1002.10 to 1003.70 and 1005.00

Support should appear near 9993.70 to 992.10 and 83.70 to 982.10
Stay tuned for BW SP500 Updates and Index program trades , while day trades can occur at anytime

Nasdaq Composite
Nearby Resistance should appear near 1655 and the 1689 to 1696 region

Support should appear near 1642 and 1615 to 1609.

Sept Mini Nasdaq 100
Resistance is at 1238 and 1268 to 1274

Support should appear near 1232 and 1202 to1192

September Ten Year T-Notes
Resistance should appear near 109-23 and 120-07

Support is at 119-07 then 118-23 and 118-04.

The Precious Metals

August Gold
Recommended Open Position Long 2 at 371.8 avg
Resistance should appear at 361.3 to 362.3

Support is at 355.3 and 350.3 to 349.3

July Copper
Support should appear near 7605 to 7585 and 7515 to 7485

Resistance should appear near 7675 to 7690 and 7765 to 7780

July Silver
Support should appear near 444.5 to 442.5

Resistance is at 451.5 and 457 to 458.5

The Exciting Energies

July Crude Oil
Support should appear near 3213 to 3194 and 3157 to 3148

Resistance is at 3261 to 3270 and 3319 to 3328

Trade Accordingly..

July Unleaded Gas
Support should appear near 9315 and 9150 to 9140

Resistance is at 9525 to 9545 and 9705 to 9735

July Heating Oil
Resistance is at 7945 to 7955 and 8025 to 8045

Support should appear near 7865 to 7835 then 7780 to 7765 and 7605 to 7585

The Lively Livestock

August Live Cattle
Support should appear near 6812 then 6757 to 6742 and 6677
BW Traders can buy at 6762 and risk a close under 6657 for three days in a row.

Resistance is at 6837 and 6902 to 6922

July Lean Hogs
Recommended Open position Long at 2 at 6752 avg
Support is at 6592 to 6577 and the 6512 to 6482 region

Resistance is at 6657 to 6672 then 6742 to 6757 and 6807

July Pork Bellies
Recommended Open position Long 2 at 9500 avg
Support should appear near 8932 then 8872 to 8857 and 8777 to 8762

Resistance is at 9042 to 9062 and 9137 to 9157

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains
July Soybeans
Recommended Open position Long at 631 1/2
Resistance is at 633 3/4 to 635 and 641 3/4 to 643

Support should appear near 627 to 625 3/4 then 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 and 2134 to 2126

July Corn
Recommended Open position Long 241 3/4
Resistance should appear near 246 to 246 3/4 and 251 1/4 to 251 3/4

Support is at 241 3/4 to 241 1/4 and 237 to 235 1/2

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

July CBOT Wheat
Support should appear at near 3277 to 326 1/4 then 321 1/4 to 319 1/2 and 315 3/4 to 314 3/4

Resistance is at 331 3/4 to 332 3/4 then 337 3/4 to 338 3/4 and 342 1/2 to 344 1/2

The Satisfying Softs

In the next BW due out Sunday, Analysis will roll to September for coffee and cocoa, October for sugar and December for cotton.
July the ‘Monster’ Coffee
Support is near 6115 to 6100 and 6035 to 6025 .

Resistance should appear near 6165 to 6190 and the 6335 to 6350 region

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 634 to 630

Resistance should appear near 656 to 661 and 682 to 686.

July Cotton
Support should appear near 5555 to 5580 and the 5640 to 5655 region.

Resistance should appear near 5430 to 5415 then 5345 to 5355 and 5415 to 5430

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

Wed June 11th 2003

3:00 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.