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 July 31st , 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
Wed July 30th , 2003
2:30 PM Eastern time
The ‘Frenzied’ Forex Front
Sept Yen
Recommended Open Position Long 8317
Support should appear near 8314 to 8300 and the 8223 to 8194 region…
Resistance should appear near 8391 to 8496 and 8484 to 8499
Sept Euro Currency (EC)
Recommended Open Position Long 11155
Support should appear at 11300 and 11227 .
Resistance is at 11330 to 11360 and 11430
Sept Swiss Franc
Recommended open position long 2 at 7399 avg
Resistance should appear near the 7342 and 7378.
Support should appear near 7328 and 7255 to 7242 .
Sept British Pound
Support should appear near 1.6090 and 16002 .. 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 16150 and 16286
Sept Canadian Dollar
Support should appear near 7088 to 7074 .
Resistance is at 7143 to 7170
Sept Aussie Dollar
Recommended Open position Long 2 at 6582 avg
Support is at 6430 to 6417
Resistance should appear near 6496 to 6509.
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 9316 to 9347
Support should appear near 9156 to 9140
Sept SP500
Recommended Open position Short at 980.8
Resistance should appear near 992.10 to 993.70 and the 1000 to 1005 region. Beyond that sellers should appear near 1018.5 and the 1032 to 1036 region
Support should appear near 983.70 to 982.90 and 973.70 to 970.60
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 then 1756 and the 1774 to 1780 region.
Support should appear near 1713.5 and 1696 to 1689
September Mini Nasdaq 100
Resistance is at 1268 to 1274 and 1304 to 1310
Support is at the 1238 to 1232 region.
September Ten Year T-Notes
Resistance should appear near 112-07 and 112-22
Support is at 111-23 then 111-04 and 110-23
December Gold
Recommended Open Position Long at 364.1
Support should appear at the 356.3 to 355.3 region .
Resistance is at 361.3 to 362.3
Sept Copper
Recommended open Position Short 2 at 7735 avg.
Support should appear near 7955 to 7940
Resistance should appear near 8120 to 8135.
Sept Silver
Recommended open Position Long at 519.5.
Support should appear near 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 512.5 to 514.0 and 520 to 521.5..
The Exciting Energies
Sept Crude Oil
Recommended open Position Long at 3068.
Support should appear near 3045 to 3036 then 2990 to 2972 and the 2937 to 2928 region..
BW Traders can buy at 2942 and risk a close under 2867 for three days in a row..
Resistance is at 3092 to 3102 and 3147 to 3157
Sept Unleaded Gas
Support should appear near 8870 to 8855 and 8780 to 8760
Resistance should appear near 9045 to 9060 and 9140 to 9155
Sept Heating Oil
Recommended Open position long at 7960
Resistance is at 8115 to 8135, beyond that a test of 8300 to 8315 is likely.
Support should appear near 7955 to 7940 and 7780 to 7765.
The Lively Livestock
October Live Cattle
Support should appear near 7692 to 7672 .
Resistance is at 7777 and 7837 to 7867
October Hogs
Support is at 5067 to 5057 and 4927.
Resistance is at 5197 to 5212 and 5257 to 5282
August Pork Bellies
Recommended Open position long at 8972
Support should appear near 8682 to 8667 and 8590 to 8560
Resistance is at 8762 to 8777 and 8857 to 8872
Stay Tuned for Livestock Updates and Flashes
The Grande’ Grains
September Soybeans
Resistance is at 534 1/2 to 535 1/2 and 541 3/4 to 543
Support should appear near 525 3/4 and 521 1/4 to 520
November Soybeans
Resistance is at 520 to 521 1/4 and 525 3/4 to 528 1/4
Support should appear near 513 3/4 to 512 3/4 and 506 3/4 to 505 3/4
September Soymeal
Support should appear near 161.5 to 160.9
Resistance should appear near 164.2 to165.5
September Soybean Oil
Resistance should appear near 1982 to 1996
Support should appear near 1953 to 1946
December Corn
Resistance should appear near 217 to 218 1/2 ..
Support is at 213 1/2 to 212 3/4
Resistance is at 342 1/2 to 344 1/2 and 349 1/4 to 350 1/4
The Satisfying Softs
September the ‘Monster’ Coffee
Support is near 6255 and 6115 to 6100
Resistance should appear near 6335 to 6350 and 6415 to 6430.
Sept Cocoa
Support is at 1459 to 1453 and 1421 to 1415
Resistance should appear near 1496
October Sugar
Support should appear near 704 and 686 to 682
Resistance should appear near 735 to 739..
December Cotton
Recommended Open position long 2 at 6190 avg
Support should appear near 5880 to 5855 and the 5730 to 5715 region..
Resistance should appear near 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
Wed July 30th 2003
3:30 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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