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, Friday June 27th 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

Thursday June 26th, 2003
7:00 PM eastern standard time

The ‘Frenzied’ Forex Front

Sept Yen
Recommended Open position Long 8407
Support should appear near 8391 and 8314 to 8300

Resistance should appear near 8407 then 8445 and 8484 to 8499

Sept Euro Currency (EC)
Recommended Open position Long 11751
Support should appear at the 11360 to 11300 region

Resistance is at 11430 then 11470 and 11500

Sept Swiss Franc
Recommended open position long at 7602
Resistance should appear near 7428 then 7487 to 7513

Support should appear near 7414 and the 7342 to 7328 region

Sept British Pound
Recommended open position long 1.6552
Support should appear near 1.6490 to 1.6420. Under that buyers should appear near 1.6352 and the 1.6150 to 1.6090 region.

Resistance should appear near 1.6550 .and 1.6646

Sept Canadian Dollar
Support should appear near 7328 and 7255 to 7242

Resistance is at 7342 and 7378

Sept Aussie Dollar
Support is at 6591 to 6577 and the 6509 to 6483 region. BW Traders can buy at 6512 and risk a close under 6451 for three days in a row…

Resistance should appear near 6659 to 6673

BW Traders should go long if a close over 6677 occurs.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9140 to 9156 and 9237

Support should appear near 9060 to 9044 then 8964 to 8934 and 8871 to 8856

Sept SP500
Resistance is at should appear near 992.10 to 993.70 and 1000 to 1005

Support should appear near 983.70 to 982.10 and the 973.70 to 970.60 region. A close under is negative and augurs for a test of
964.10 to 962.50 and the 954.20 to 952.60 region.

Nasdaq Composite
Resistance should appear near 1642 to 1655 and 1689 to 1696

Support should appear near 1615 to 1609 and 1576 to 1569

Sept Mini Nasdaq 100
Resistance should appear near 1232 to 1238.

Support is at 1203 to 1192

September Ten Year T-Notes
Resistance should appear near 117-07 and 117-23

Support is at 116-23 and 116-07

The Precious Metals

August Gold
Recommended Open Position Long 369.5
Support should appear near 344.3 to 342.3

Resistance should appear near 349.3 to 350.3.

Sept Copper
Support should appear near 7515 to 7485

Resistance should appear near 7605 and 7675 to 7690

Sept Silver
Support should appear near 451.5 to 450.0 Below that buyers should appear near 444.5 to 442.5..

Resistance is at 457 to 458.5 and 463.5 to 465

The Exciting Energies

August Crude Oil
Support should appear near 2883 to 2874 and 2829 to 2820

Resistance is at 2928 to 2937 and 2972 to 2990

August Unleaded Gas
Support should appear near 8315 to 8300 and 8135 to 8120

Resistance should appear near 8390 to 8405 and the 8560 to 8590 region.

August Heating Oil
Resistance is at 7760 to 7780 and 7835 to 7865 .

Support should appear near 7430 to 7415.

The Lively Livestock
August Live Cattle
Support should appear near 6922 to 6912 and 6837 to 6807.

Resistance is at 6992 to 7002

July Lean Hogs
Recommended Open position Long at 6672
Support is at 6432 to 6417 and 6352 to 6332

Resistance is at 6482 to 6507 and 6577 to 6592

July Pork Bellies
Support should appear near 9237 then 9157 to 9137 and 9062 to 9047

Resistance is at 9317 to 9347 and 9427 to 9447.

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains
August Soybeans
Resistance is at 625 3/4 to 627

Support should appear near 619 to 616 1/2

August Soymeal
Support should appear near the 190.9 to 190.2 region .

Resistance is at 194.6 to 195.3

August Soybean Oil
Resistance should appear near 2170 to 2185

Support should appear near 2134 to 2126

Dec Corn
Resistance should appear near 231 1/2 to 232 1/4

Support is at 227 1/2 to 226 3/4

Sept CBOT Wheat
Support should appear at 304 1/4 to 303 1/2

Resistance is at 309 1/4 to 310 1/4.

The Satisfying Softs

Sept the ‘Monster’ Coffee
Recommended Open BW Position Long 6165
Support is near 5955 to 5940 and 5880 to 5855.

Resistance should appear near 6100 to 6115 and 6255 to 6270 .

Sept Cocoa
Support is at 1576 to 1569 and 1535 to 1529.

Resistance should appear near the 1609 to 1615 region. .

October Sugar
Support should appear near 609 to 601

Resistance should appear near 630 to 634 and 656 to 661

December Cotton
Support should appear near 5805 to 5790 and 5730 to 5715

Resistance should appear near 5855 to 5880 and 5945 to 5955

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

Thursday June 26th , 2003
8:00 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.