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 July 29th , 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 July 28th , 2003
2:45 PM Eastern time
The ‘Frenzied’ Forex Front
Sept Yen
Support should appear near 8314 to 8300 and the 8223 to 8194 region…BW Traders can buy at 8317 and risk a close under 8254 for three days in a row.. ..
Resistance should appear near 8391 to 8496 and 8484 to 8499
Sept Euro Currency (EC)
Recommended Open Position Long 11155
Support should appear at 11430 and the 11360 to 11300 region.
Resistance is at 11500, an extended trade over augurs for an eventual test of 11570 and the 11640 to 11690 region..
Sept Swiss Franc
Recommended open position long 2 at 7399 avg
Resistance should appear near the 7486 to 7513 region.
Support should appear near 7428 to 7414 and 7342 to 7328 , which should contain a decline.
BW Traders should go long if a close over 7462 occurs..
Sept British Pound
Support should appear near 1.6150 to 1.6090.. Below that buyers should appear near 1.5928 and the 1.5760 to 1.5690 region.
BW Traders can buy at 1.5932 and hold for higher prices..
Resistance should appear near the 16286 and 16352.
Sept Canadian Dollar
Recommended Open Position Long at 7445
Support should appear near 7170 to 7143 and the 7088 to 7074 region.
Resistance is at 7242 to 7255 , a close over augurs for a test of 7328 to 7342 and the 7414 to 7428 region.
BW Traders should go long if a close over 7259 occurs.
Sept Aussie Dollar
Recommended Open position Long 6616
Support is at 6592 to 6577 then 6509 to 6483, BW traders can buy at 6548 and risk a close under 6476 for three days in a row.
Resistance should appear near 6659 to 6673 . A close over augurs for a test of 6741 to 6755
BW Traders should go long if a close over 6678 occurs.
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 9316 to 9347 and 9429 to 9445
Support should appear near 9237 and 9156 to 9140.
Sept SP500
Recommended Open position Short at 980.8
Resistance should appear near the 1000 to 1005 region. Beyond that sellers should appear near 1018.5 and the 1032 to 1036 region
Support should appear near 993.70 to 992.1 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 1738 then 1756 and the 1774 to 1780 region.
Support should appear near 1731 then 1713.5 and 1696 to 1689
Resistance is at 1304 to 1310 and the 1334 to 1346 region.
Support is at 1274 to 1268 and the 1238 to 1232 region.
September Ten Year T-Notes
Resistance should appear near 112-22 then 113-04 and 113-23
Support is at 112-07 and 111-23. Below that buyers should appear near 111-04
December Gold
Recommended Open Position Long at 364.1
Support should appear at 362.3 to 361.3 and the 356.3 to 355.3 region .
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 8045 to 8035 and 7955 to 7940
Resistance should appear near 8120 to 8135 and 8195 to 8225 .
Sept Silver
Recommended open Position Long at 519.5.
Support should appear near 514 to 512.5 and 506.5 to 505.5. Below that buyers should appear near 492.5 to 491.5
then 485.5 to 484.5 and the 478.5 to 477.5 region. BW Traders can buy at 487.5 and risk a close under 474.5 for three days in a row.
Resistance is at 520 to 521.5.. Beyond that a test of 525.5 to 528.5 and the 534.5 to 535.5 region is likely..
The Exciting Energies
Sept Crude Oil
Support should appear near 2990 to 2972 and the 2937 to 2928 region.. Under that 2883 to 2874 should contain a decline..
BW Traders can buy at 2942 and risk a close under 2867 for three days in a row..
Resistance is at 3036 to 3045 and 3092 to 3102.
BW Traders should go long if a close over 3049 occurs
Sept Unleaded Gas
Support should appear near 8685 to 8665 then 8590 to 8569 and the 8500 to 8480 region..BW Traders can 8590 and risk a close under 8480 for three days in a row..
Resistance should appear near 8760 to 8780 and 8855 to 8870
Sept Heating Oil
Recommended Open position long at 7960
Resistance is at 7940 to 7955 and 8115 to 8135, beyond that a test of 8300 to 8315 is likely.
Support should appear near 7780 to 7765 then 7605 to 7585 and the 7430 to 7415 region.
The Lively Livestock
October Live Cattle
Support should appear near 7692 to 7672 and 7602.
Resistance is at 7762 to 7777 and 7837 to 7867
October Hogs
Support is at 5197and the 5142 to 5127 region. Under that buyers should appear near 4927 to 4912 .
Resistance is at 5257 to 5282 and 5342 to 5357
August Pork Bellies
Recommended Open position long at 8972
Support should appear near 8777 to 8762 and 8687 to 8667
Resistance is at 8857 to 8872 and 8932 to 8967
Stay Tuned for Livestock Updates and Flashes
The Grande’ Grains
September Soybeans
Resistance is at 541 3/4 to 543 and the 549 1/2 to 550 1/2 region. Beyond that sellers should appear near
555 1/2 to 557 3/4 BW .Traders can sell at 555 1/2 for a turn lower and risk a close over 565 1/2 for three days in a row.
Support should appear near 535 3/4 to 534 1/2 and 528 1/4 to 525 3/4
November Soybeans
Resistance is at 525 3/4 to 528 1/4. Beyond that sellers should appear near 534 1/2 to 535 1/2
Support should appear near the 521 1/4 to 520 and 513 3/4 to 512 3/4
September Soymeal
Support should appear near 165.5 to 164.2
Resistance should appear near 168.9 to 169.6
September Soybean Oil
Resistance should appear near 2034 to 2042 and 2880 to 2088
Support should appear near 1996 to 1982 and the 1953 to 1946 region
December Corn
Resistance should appear near 217 to 218 1/2 ..
Support is at 213 1/2 to 212 3/4
Resistance is at 350 1/4 and the 355 1/4 to 356 1/4 region… Beyond that sellers should appear near 366 1/2 to 368 1/4
September the ‘Monster’ Coffee
Recommended Open position long 2 at 6225 avg
Support is near 6115 to 6100 and 6035 to 6025
Resistance should appear near 6255 to 6270 and the 6335 to 6350 region..
Sept Cocoa
Support is at 1421 to 1415 and 1383 to 1377.BW Traders can buy at 1423 for a bounce and
risk a close under 1372 for three days in a row.
Resistance should appear near 1453 to 1459 and 1484 to 1496
October Sugar
Support should appear near 686 to 682 and 661 to 656 .. Below that buyers should appear near the 634 to 630 region. BW Traders can buy at 646 and risk a close under 627 for three days in a row..
Resistance should appear near 704 to 712 and the 735 to 739 region ..
December Cotton
Recommended Open position long 2 at 6190 avg
Support should appear near 6025 and 5970 to 5955. Under that buyers should appear near 5880 to 5855 and the 5730 to 5715 region..
Resistance should appear near 6100 to 6115 and 6165 to 6190. Beyond that sellers should appear near 6255 to 6270 and the 6335 to 6350 region.
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 July 28th 2003
3:45 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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