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, Thursday August 7th , 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

Courage in a Speculator is merely confidence to act on the decision of his mind

Wednesday August 6th, 2003
6:30 PM Eastern time

The ‘Frenzied’ Forex Front

Sept Yen
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 .. a close over is friendly and augurs for a test of 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 beyond an eventual test of 1.6420 to 1.6550 is likely

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 970.60 to 973.70 then 982.1 to 983.70 and the 992.10 to 993.70 region.

Support should appear near 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 1672 then 1689 to 1696 and 1713.5

Support should appear near 1655 to 1642 and the 1615 to 1609 region..

September Mini Nasdaq 100
Resistance is at 1232 to 1238 and 1253

Support is at 1203 to 1192 under that a test of 1169 to 1164 is likely

September Ten Year T-Notes
Resistance should appear near 112-23 and 113-04

Support is at 111-23 then 111-07 and 110-23

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 355.3 to 356.3

Sept Copper
Recommended open Position Short at 7940
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 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 505.5 to 506.5

The Exciting Energies

Sept Crude Oil
Support should appear near 3157 to 3147 and the 3102 to 3092 region

Resistance is at 3194 to 3213 and 3261 to 3270

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

Resistance is at 7692 and 7762 to 7777

October Hogs
Support is at 5342 and 5282 to 5257

Resistance is at 5417 to 5432 and the 5492 to 5507 region

August Pork Bellies
Recommended Open position long at 8972
Support should appear near 8967 to 8932 and 8872 to 8857

Resistance is at 9042 to 9062 and 9137 to 9157

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains

September Soybeans
Resistance is at 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 520 to 521 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 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 1982 to 1996

Support should appear near 1953 to 1946 and 1909 to 1902, BW Traders can buy at 1914 and risk a close under 1852 for three days in a row..

December Corn
Resistance should appear near 221 3/4 to 222 3/4

Support is at 218 3/4 to 217

Sept CBOT Wheat
Support should appear at near 356 1/4 to 355 1/4 and 350 1/4 to 349 1/4 .

Resistance is at 361 1/4 to 362 1/4 and 366 1/4 to 368 1/4

The Satisfying Softs

September the ‘Monster’ Coffee
Resistance is near 6415 to 6430 and 6485 to 6510

Support should appear near 6350 to 6335 and 6270 to 6255

Sept Cocoa
Support is at 1421 to 1415 and 1383 to 1377

Resistance should appear near 1453 to 1459 and 1484 to 1496

October Sugar
Support should appear near 723 and 712 to 704

Resistance should appear near 735 to 739 and 751

December Cotton
Support should appear near 5855 and 5805 to 5790 ..

Resistance should appear near 5945 to 5955 and 6025 top 6035

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 August 6th 2003
7:30 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.

Sept CBOT WheatSupport should appear at near 356 1/4 to 355 1/4 and 350 1/4 to 349 1/4 .

Sept CBOT Wheat
Support should appear at near 356 1/4 to 355 1/4 and 350 1/4 to 349 1/4 .