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 13th , 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

Tuesday August 12th, 2003
3:00 PM Eastern time

The ‘Frenzied’ Forex Front

Sept Yen
Recommended Open Position , Long at 8432
Support should appear near 8406 to 8391. Below that buyers should appear near 8314 to 8300
BW Traders can buy at 8357 and risk a close under 8254 for three days in a row..
Resistance should appear near 8484 to 8499 and 8560 to 8589

Sept Euro Currency (EC)
Recommended Open Position, Long 2 at 11252 avg
Support should appear at 11227. Below that buyers should appear near11155 and the 11010 to 10960 region, which should contain any decline for some time … BW Traders can buy at 11017 and hold for higher prices..

Resistance is at 11300 to 11330

Sept Swiss Franc
Recommended open position, Long 2 at 7399 avg
Resistance should appear near 7228 to 7342

Support should appear near 7291 and the 7255 to 7241 region, which should contain a decline.
BW Traders should go long if a close over 7382 occurs..

Sept British Pound
Support should appear near 1.6002 then 1.5928 and the 1.5760 to 1.5690 region.
BW Traders can buy at 1.5768 and hold for higher prices.

Resistance remains near the 1.6090 to 1.6150 region and 1.6286 beyond that a test of the1.6420 to 1.6550 region is likely.
BW Traders should go long if a close over 1.6158 occurs.

Sept Canadian Dollar
Recommended open position, Long 7237
Support should appear near 7170 to 7143.

Resistance is at 7242 to 7255,

Sept Aussie Dollar
Recommended Open position, Long 2 at 6559 avg
Support should appear near 6509 to 6483

Resistance should appear near 6577 to 6591

The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 9316 to 9347 and 9429 to 9445, which should cap a rally for a bit.. Above that sellers should appear near 9526 to 9542.

Support should appear near 9156 to 9140 and 9060 to 9044

Sept SP500
Recommended Open position, Short at 980.8
Resistance should appear near 992.10 to 993.70 . Beyond that Sellers should appear near 1000 to 1005 then 1018.5 and the 1032 to 1036 region

Support should appear near 983.70 to 982.10 .

Stay tuned for BW SP500 Updates and Index program trades , while day trades can occur at anytime

Nasdaq Composite
Resistance should appear near 1689 to 1696 and 1731 to 1738

Support should appear near 1655 to 1642

September Mini Nasdaq 100
Resistance is at 1268 to 1274

Support is at 1238 to 1232

September Ten Year T-Notes
Resistance should appear near 112-07 and 112-23

Support is at 111-23 and 111-04.

The Precious Metals

December Gold
Recommended Open Position, Long 2 at 363.7 avg
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 at 7940
Support should appear near 7865 to 7835 and 7780 to 7765

Resistance should appear near 7940 to 7955 and 8035 to 8045

Sept Silver
Recommended open position , Long 2 at 503.5 avg
Support should appear near 484.5 and 478.5 to 477.5
.
Resistance is at 491.5 to 492.5

The Exciting Energies

Sept Crude Oil
Support should appear near 3157 to 3147 and the 3102 to 3092 region.. Under that 3045 to 3036 should contain a decline for a bit BW Traders can buy at 3049 for a bounce and risk a close under 2924 tree days in a row

Resistance is at 2194 to 3213 and 3261 to 3270

BW Traders should go long if a close over 3241 occurs.

Sept Unleaded Gas
Recommended open position , Long at 9355
Support should appear near 9445 to 9425 and 9345 to 9315

Resistance should appear near 9625 to 9645 and 9705 to 9735

Sept Heating Oil
Resistance is at 8485 to 8500 and 8665 to 8685

Support should appear near 8315 to 8300 then 8225 to 8195 and 8135 to 8120..Below that buyers should appear near 8045 to 8025 BW Traders can buy at 8155 and risk a close under 8015 for three days in a row..

BW Traders should go long if a close over 8610 occurs

The Lively Livestock

October Live Cattle
Support should appear near 7602 to 7587 .

Resistance is at 7692 and 7727 and 7762

October Lean Hogs
Recommended open position , short at 5285
Support is at 5282 to 5257 and 5212 to 5192

Resistance is at 5342 to 5357

February Pork Bellies
Support should appear near 7692 to 7677 and 7602 to 7587

Resistance is at 7762 to 7777 and 7837 to 7867

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains

September Soybeans
Resistance is at 555 1/4 to 557 3/4 and 564 to 565 1/4

Support should appear near 549 1/4 and 543 to 541 3/4

November Soybeans
Resistance is at 549 1/4 to 550 1/2 and 555 3/4 to 557 1/2

Support should appear near 543 to 541 3/4 and 535 3/4 to 534 1/2

September Soymeal
Recommended open position , Long at 165.9
Support should appear near 169.6 to 168.9

Resistance should appear near 173.8 and 177.4 to 1780

September Soybean Oil
Resistance should appear near 1982 to 1996 and 2034 to 2042

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

BW Traders should go long if a close over 1969 occurs

December Corn
Recommended open position , Long at 229 3/4
Resistance should appear near 231 1/2 to 232 1/4 and 235 1/2 to 237

Support is at 227 1/2 to 226 3/4 and 222 3/4 to 221 3/4

September CBOT Wheat
Support should appear at 356 1/2 to 355 1/4 and the 350 1/4 to 349 1/4 region ..Below that buyers should appear near 344 1/2 to 342 1/4. .. BW Traders can buy at 350 3/4 and hold for higher prices..

Nearby Resistance is at 362 1/4 and 366 1/2 to 368 1/4. .
Aggressive BW traders should go long if a close over 362 ¾ occurs…

The Satisfying Softs

September the ‘Monster’ Coffee
Recommended open position , Long at 6230
Support is near 6035 to 6025 and the 5855 to 5805 region.

Resistance should appear near 6105 to 6115 and 6255 to 6270

BW Traders should go long if a close over 6435 occurs..

Sept Cocoa
Support is at 1484 and the 1459 to 1453 region

Resistance should appear near 1529 to1536 and the 1569 to 1576 region.

October Sugar
Support should appear near 661 to 656

Resistance should appear near 682 to 686

December Cotton
Support should appear near 5580 to 5555 and the 5505 to 5490 region..Under that support should appear near 5430 to 5415..
BW Traders can buy at 5435 and hold for higher prices.

Resistance should appear near 5715 to 5730 and 5855 to 5880
BW Traders should go long if a close over 5885 occurs..

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 12th 2003
4:00 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.