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, Friday August 22nd , 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 21st, 2003
10:00 PM Eastern time

The ‘Frenzied’ Forex Front

Sept Yen
Support should appear near 8406 to 8391
Resistance should appear near 8499 and 8589

Sept Euro Currency (EC)
Recommended Open Position, Long 4 at 11082 avg
Support should appear at 10820 and 10680 to 10580
Resistance is at 10960 to 11010

Sept Swiss Franc
Recommended open position, Long 4 at 7232 avg
Resistance should appear near 7143 to 7170

Support should appear near 7074 and 7003 to 6990.

Sept British Pound
Recommended open position, Long 15768
Support should appear near 1.5690 and 1.5510

Resistance should appear near the 15760 and 1,5926.

Sept Canadian Dollar
Recommended open position, Long 7119
Support should appear near 7088 to 7077

Resistance is at 7143 to 7170

Sept Aussie Dollar
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 9429 to 9445  Above that sellers should appear near 9526 to 9542.

Support should appear near 9347 to 9316

Sept SP500
Recommended Open position, Short at 980.8
Resistance should appear near 1005 then 1018.5 and the 1032 to 1036 region

Support should appear near 1000 and 993.70 to 992.10

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

Nasdaq Composite
Resistance should appear near 1780 and 1794

Support should appear near 1774 and 1756

September Mini Nasdaq 100
Resistance is at 1334 to 1346

Support is at 1310 to 1304

September Ten Year T-Notes
Resistance should appear near 111-23 and 112-07

Support is at 110-23 and 109-23

The Precious Metals

December Gold
Recommended Open Position, Long at 363.3
Support should appear at 362.3 to 361.3 and 358.8

Resistance is at 366.2 to 368.2

Sept Copper
Recommended open Position , Short at 7940
Support should appear near 7955 to 7940

Resistance should appear near 8115 to 8135 and 8195 to 8225

Sept Silver
Support should appear near 492.5 to 491.5
.
Resistance is at 505.5 to 506.5

The Exciting Energies

October Crude Oil
Support should appear near 3148 to 3137 and 3102 to 3096

Resistance is at 3194 to 3213 and 3261 to 3270
BW Traders should go long if a close over 3241 occurs.

Oct Unleaded Gas
Support should appear near 9345 to 9315 and 9155 to 9140

Resistance should appear near 9705 to 9735 and 9925 to 9945

Oct Heating Oil
Recommended open position , Long at 8250
Resistance is at 8485 to 8500 and 8560 to 8590

Support should appear near 8315 to 8300 and 8135 to 8115

The Lively Livestock

October Live Cattle
Resistance should appear near the 8117 to 8137 and 8192 to 8222
BW Traders can sell at 8112 and risk a close over 8232 for three days in an row

Support is at 8047 to 8027 and 7955 to 7940

October Lean Hogs
Support is at 5282 to 5257 and 5212 to 5200 under that a test of 5142 to 5127 is likely.

Resistance is at 5342 to 5357 and 5417 to 5432

February Pork Bellies
Support should appear near 8227 to 8192 and 8137 to 8117

Resistance is at 8297 to 8317 and 8392 to 8407

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains

September Soybeans
Resistance is at 579 1/4 to 580 1/2 and 585 1/2 to 588

Support should appear near 572 3/4 to 571 3/4 and 565 1/4 to 564

November Soybeans
Resistance is at 579 1/2 to 580 1/2 and 585 1/2 to 588

Support should appear near 572 3/4 to 571 3/4 and 565 1/4 to 564

September Soymeal
Support should appear near 185.8 and182.2 to 180.8

Resistance should appear near 190.2 to 190.9

September Soybean Oil
Resistance should appear near 2034 to 2042

Support should appear near 1996 to 1982 and 1953 to 1946

December Corn
Resistance should appear near 237 and 241 1/4 to 241 3/4.. Beyond that sellers should appear near 246 ¼ to 246 ¾ ..
BW Traders can sell at 245 ¾ and risk a close over 257 ¼ for three days in a row..

Support is at 232 1/4 to 231 1/2 and 227 1/2 to 226 3/4

September CBOT Wheat
Recommended Open Position Long 365
Support should appear at 362 1/4 to 361 1/4 then 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..

Resistance is at 368 1/4 and 373 to 374 1/2

The Satisfying Softs

December the ‘Monster’ Coffee
Recommended open position , Long 2 at 6345 avg
Support is near 6355 to 6335 and 6270 to 6255

Resistance should appear near 6415 to 6430 and 6485 to 6510

December Cocoa
Support is at 1576 to 1569 and 1536 to 1529

Resistance should appear near 1609 to 1615 and 1642 to 1655

October Sugar
Support should appear near 634 to 630 and 609 to 601

Resistance should appear near 656 to 661 and 682 to 686

December Cotton
Support should appear near 5715 and 5644 to 5640

Resistance should appear near 5790 to 5805 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

Thursday August 21st 2003
10:50 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.