Economic and Investment Trend Analysis

Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500
Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments, Wed August 6th , 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

''Among the hazards of speculation is the happening of the unexpected - I might even say of the unexpectable-
ranks high. There are certain chances that the most prudent man is justified in taking-
chances that he must take if he wished to be more than a mercantile mollusk."
--Reminiscences of a Stock Operator--

Tuesday August 5th, 2003
2:00 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 11226

Resistance is at 11360 then 11430 and 11500

Sept Swiss Franc
Recommended open position long 2 at 7399 avg
Resistance should appear near 7414 to 7428 and 7487 to 7513

Support should appear near 7378 and 7342 to 7328

Sept British Pound
Support should appear near 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 16090 to 16150

Sept Canadian Dollar
Support should appear near 7088 to 7074 .and 7003 to 6990

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 9140 to 9156 then 9237 and9316 to 9347

Support should appear near 9060 to 9044 and 8964 to 8934

Sept SP500
Recommended Open position Short at 980.8
Resistance should appear near 982.1 to 983.70 then 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 970.60 then 964.1 to 962.50 and the 954.20 to 952.60 region
Stay tuned for BW SP500 Updates and Index program trades , while day trades can occur at anytime

Nasdaq Composite
Resistance should appear near 1696 then 1713.5 and 1731 to 1738.

Support should appear near 1672 and the 1655 to 1642 region

September Mini Nasdaq 100
Resistance is at 1268 to 1274 then 1304 to 1310 and 1334 to 1346

Support is at the 1238 to 1232 region.

September Ten Year T-Notes
Resistance should appear near 111-04 and 111-22

Support is at 110-23 then 110-04 and 109-23

The Precious Metals

December Gold
Recommended Open Position Long at 364.1
Support should appear at 350.3 to 349.3 and 344.3 to 342.5

Resistance is at 352.8 and 355.3 to 356.3

Sept Copper
Recommended open Position Short at 7940
Support should appear near 8045 to 8025 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 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 497.5 to 499.5 and 505.5 to 506.5

The Exciting Energies

Sept Crude Oil
Support should appear near 3213 to 3194 and 3157 to 3147

Resistance is at 3261 to 3270 and 3319 to 3328

Sept Unleaded Gas
Support should appear near 9445 to 9430 then 9345 to 9315 and 9155 to 9140

Resistance should appear near 9625 to 9640 and 9705 to 9735

Sept Heating Oil
Resistance is at 8485 to 8500 and 8560 to 8590

Support should appear near 8315 to 8300 and the 8135 to 8120 region

The Lively Livestock
October Live Cattle
Support should appear near 7602 to 7587 and 7552

Resistance is at 7672 to 7692 and 7762 to 7777

October Hogs
Support is at 5212 to 5197 and 5137 to 5127

Resistance is at 5257 to 5282 5342 to 5357

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 the 8857 to 8872 region

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains

September Soybeans
Resistance is at 520 to 521 1/4 and 525 3/4 to 528 3/4

Support should appear near 513 3/4 to 512 1/2 and 506 1/2 to 503 1/2

November Soybeans
Resistance is at 513 3/4 and 520 to 521 1/4

Support should appear near 506 3/4 to 505 3/4 and the 499 1/2 to 497 1/4 region

September Soymeal
Support should appear near 157.6 to 156.9 , BW traders can buy at 157.8 and risk a close under 152.8 for three days in a row.

Resistance should appear near 160.9 to 161.5

September Soybean Oil
Resistance should appear near 1946 to 1953 and 1982 to 1996

Support should appear near 1909 to 1902 , traders can buy at 1914 and risk a close under 1852 for three days in a row..

December Corn
Resistance should appear near 218 1/2 and 221 3/4 to 222 3/4

Support is at 213 1/2 to 212 3/4

Sept CBOT Wheat
Support should appear at near 349 1/4 then 344 1/2 to 342 1/2 and the 338 3/4 to 337 3/4 region.

Resistance is at 355 1/4 to 356 1/4 and 361 1/4 to 362 1/4

The Satisfying Softs

September the ‘Monster’ Coffee
Support is near 6270 to 6255 and 6190 to 6165

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 1484 to 1496 and 1529 to 1535

October Sugar
Support should appear near 723 and 712 to 704

Resistance should appear near 739 and 751

December Cotton
Support should appear near 5730 to 5715 and 5580 to 5555 ..

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

Tuesday August 6th 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.

Sept CBOT WheatSupport should appear at near 349 1/4 then 344 1/2 to 342 1/2 and the 338 3/4 to 337 3/4 region.

Sept CBOT Wheat
Support should appear at near 349 1/4 then 344 1/2 to 342 1/2 and the 338 3/4 to 337 3/4 region.