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 July 25th , 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 July 24th , 2003
2:15 PM Eastern time

The ‘Frenzied’ Forex Front
Sept Yen
Support should appear near 8406 to 8391

Resistance should appear near 8484 to 8499

Sept Euro Currency (EC)
Recommended Open Position Long 3 at 11458
Support should appear at 11430 and 11360 to 11330

Resistance is at 11500 then 11570 and 11640 to 11690

Sept Swiss Franc
Recommended open position long 2 at 7311 avg
Resistance should appear near 7486 to 7513

Support should appear near 7428 to 7414 then 7378 and 7342 to 7328

Sept British Pound
Support should appear near 1.6008 and 1.5928

Resistance should appear near 1.6090 to 1.6150 .

Sept Canadian Dollar
Recommended Open Position Long at 7445
Support should appear near the 7088 to 7074

Resistance is at 7143 to 7156 and 7170.

Sept Aussie Dollar
Recommended Open position Long at 6616
Support is at 6591 to 6577

Resistance should appear near 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

Sept SP500
Recommended Open position Short 980.80
Resistance should appear near 1002.10 to 1003.70 and 1010.40 to 1013.60

Support should appear near 993.70 to 992.10 and 983.70 to 982.90

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

Nasdaq Composite
Resistance should appear near 1731 to 1738.

Support should appear near 1696 to 1689

September Mini Nasdaq 100
Resistance is at 1289 and 1304 to 1310

Support is at 1274 to 1268

September Ten Year T-Notes
Resistance should appear near 113-23 and 114-04

Support is at 113-04 and 112-23

The Precious Metals

December Gold
Recommended Open Position Long 364.1
Support should appear at 362.3 to 361.3 and 356.3 to 355.3

Resistance is at 366.3 to 368.2 and 373 to 374.3

Sept Copper
Recommended open Position Short 2 at 7735 avg
Support should appear near 7865 to 7836 and 7780 to 7765

Resistance should appear near 7940 to 7955 and 8025 to 8045

Sept Silver
Resistance should appear near 512 .5 to 514 and 520 to 521.5

Support is at 506.5 to 503.5 and 499 to 497.5

The Exciting Energies
Sept Crude Oil
Recommended open position long at 2942
Support should appear near 2990 to 2972 then 2937 to 2928 and 2883 to 2875

Resistance is at 3036 to 3045 and 3092 to 3102

Sept Unleaded Gas
Support should appear near 8685 to 8665 then 8585 to 8560 and 8500 to 8480

Resistance should appear near 8855 to 8870 and 9045 to 9060

Sept Heating Oil
Recommended Open position Long 7960
Resistance is at 7835 to 7865 and 8025 to 8045

Support should appear near 7780 to 7765 then 7690 to 7675 and 7605 to 7585 and 7515 to 7485

The Lively Livestock

August Live Cattle
Support should appear near 7602 to 7587 and 7512 to 7487

Resistance is at 7672 to 7692 and 7762 to 7777

August Lean Hogs
Support is at 5732 to 5717 and the 5657 to 5642 region.

Resistance is at 5852 to 5882 and 5937 to 5957

August Pork Bellies
Recommended Open position Long 8972
Support should appear near 8872 to 8858 and 8777 to 8762

Resistance is at 8937 to 8967 and 9042 to 9062

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains
August Soybeans
Resistance is at 555 1/2 to 557 3/4 and 564 to 565 1/4

Support should appear near 549 3/4 and 543 to 541 3/4

August Soymeal
Support should appear near 169.6 to 168.9

Resistance is at 173.1 to 173.9

August Soybean Oil
Resistance should appear near 2034 to 2042

Support should appear near 1996 to 1982

December Corn
Resistance should appear near 212 3/4 to 213 1/2

Support is at the 208 3/4 to 208 region..

Sept CBOT Wheat
Support should appear at near 342 1/2 and 338 3/4 to 337 3/4

Resistance is at 349 1/4 to 350 1/4 and 355 1/4 to 356 1/4

The Satisfying Softs

September the ‘Monster’ Coffee
Recommended Open position Long 6310
Support should appear near 5880 to 5855 and the 5805 to 5790 region

Resistance should appear near 5940 to 5955 and 6025 to 6035.

Sept Cocoa
Support should appear near 1421 to 1415 and 1383 to 1377

Resistance should appear near 1453 to 1459 and 1489 to 1496

October Sugar
Support should appear near 686 to 682 and 671.

Resistance should appear near 704 to 712 and 723

December Cotton
Recommended Open position Long 2 at 6190 avg
Support should appear near 5955 to 5940 and 5880 to 5855

Resistance should appear near 6100 to 6115 and 6165 to 6190

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 July 24th, 2003
3:15 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.