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

Thursday August 7th, 2003
2:00 PM Eastern time

The ‘Frenzied’ Forex Front

Sept Yen
Support should appear near 8406 to 8391 and 8352
Resistance should appear near 8484 to 8499

Sept Euro Currency (EC)
Recommended Open Position Long 11155
Support should appear at 11330 to 11300 and 11226

Resistance is at 11360 and 11430, a close over is freindly 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 16090 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 1.6214 and 1.6284 beyond an eventual test of 1.6420 to 1.6550 is likley

Sept Canadian Dollar
Support should appear near 7143 and 7088 to 7074

Resistance is at 7170 then 7242 to 7255

Sept Aussie Dollar
Recommended Open position Long 2 at 6582 avg
Support is at 6483 and 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 and the 992.10 to 993.70 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 1655 then 1672 and 1689 to 1696

Support should appear near 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 112-07 then 111-23 and 111-07

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 and 361.3 to 362.3

Sept Copper
Recommended open Position Short at 7940
Support should appear near 8135 to 8120 and 8045 to 8025

Resistance should appear near 8195 to 8225 and 8300 to 8315

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 and 512.5 to 513.5

The Exciting Energies

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

Resistance is at 3261 to 3270 3319 to 3328

Sept Unleaded Gas
Support should appear near 9545 to 9525 then 9445 to 9430 and 9345 to 9315

Resistance should appear near 9705 to 9735 and 9920 to 9935

Sept Heating Oil
Resistance is at 8560 to 8590 and the 8665 to 8685 region.. Beyond that a test of 8760 to 8775 is likely.

Support should appear near 8495 to 8485 then 8405 to 8390 and 8315 to 8300

The Lively Livestock
October Live Cattle
Support should appear near 7602 to 7587 and the 7512 to 7487 region

Resistance is at 7672 to 7692

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
Support should appear near 9042 then 8967 to 8932 and 8872 to 8857

Resistance is at 9062 and 9137 to 9157

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 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 160.9 and 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 161.5 and 164.2 to 165.5

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 6485 to 6510 and 6575 to 6590

Support should appear near 6430 to 6415 then 6350 to 6335 and 6270 to 6255

Sept Cocoa
Support is at 1459 tio 1453 and 1421 to 1415

Resistance should appear near 1484 to 1496 and 1529 tio 1535

October Sugar
Support should appear near 661 to 656 and 634 to 630

Resistance should appear near 682 to 686 and 704 to 712

December Cotton
Support should appear near 5730 to 5715 and 5655 to 5640.

Resistance should appear near 5790 to 5805 and 5855 to 5880

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 August 7th 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.

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 .