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 Sept 4th , 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

Wed September 3rd, 2003
2:25 PM Eastern time

The ‘Frenzied’ Forex Front

Sept Yen
Support should appear near 8589 to 8560

Resistance should appear near 8668 to 8683

Sept Euro Currency (EC)
Recommended Open Position Long 10912
Support should appear at 10820 and 10680 to 10630

Resistance is at 10890 and 10960

December Euro currency( EC )
Recommended Open Position Long 2 at 10827

Sept Swiss Franc
Recommended open position long 2 at 7079
Resistance should appear near 7074 to 7088

Support should appear near 7003 to 6990

December Swiss Franc
Recommended Open Position Long 2 at 7092

Sept British Pound
Support should appear near 1.5690 Below that buyers should appear near 1.5510 and 15350 to 15290

Resistance should appear near 1.5760 and 1.5842

Sept Canadian Dollar
Support should appear near 7206 and 7170 to 7143

Resistance is at 7255 and 7328 to 7342

Sept Aussie Dollar
Support should appear near 6350 to 6337

Resistance should appear near 6417 to 6430

BW Traders should go long if a close over 6513 occurs

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9625 to 9641

Support should appear near 9542 to 9525

Sept SP500
Recommended Open position Short at 980.80
Resistance should appear near 1032.00 to 1036.00 and 1047.00

Support should appear near 1018.50 and 1013.60 to 1010.40

Nasdaq Composite
Resistance should appear near 1868 and 1902 to 1909

Support should appear near 1858 and 1822 to 1808

September Mini Nasdaq 100
Resistance is at 1377.00 to 1383.00 and 1808.00 to 1822.00

Support is at 1346.00 to 1334.00

December Ten Year T-Notes
Resistance should appear near 108-23 and 109-07

Support is at 108-04 and 107-23

The Precious Metals

December Gold
Support should appear at 374.3 to 373 and 368.2 to 366.3

Resistance is at 379.5 to 380.6 and 385.8 to 386.7

December Copper
Support should appear near 8315 to 8300 and 8225 to 8195

Resistance should appear near 8390 to 8405 and 8485 to 8505

December Silver
Support should appear near 506.5 to 505.5 and 499 to 497.5 Below that buyers should appear near 492.5 to 491.5 and the 485.5 to 484.5 region. BW Traders can buy at 493.0 and risk a close under 483 for three days in a row.

Resistance is at 512.5 to 514.. Beyond that a test of 520 to 521.5 is likely..

The Exciting Energies

October Crude Oil
Recommended Open Position Long at 3049
Support should appear near 2927 to 2928 and 2883 to 2874

Resistance is at 2972 to 2990 and 3036 to 3045

October Unleaded Gas
Recommended open Position Long at 9355
Support should appear near 8315 to 8300 and 8045 to 8035

Resistance should appear near 8560 to 8590 and 8760 to 8775

October Heating Oil
Recommended open Position Long 8155
Resistance is at 7780 and 7835 to 7865

Support should appear near 7605 to 7585 and 7430 to 7415

The Lively Livestock

October Live Cattle
Resistance should appear near 8557 to 8587

Support is at 8407 to 8392

October Lean Hogs
Recommended open Position Short 5547
Support is at 5507 to 5492 and 5432 to 5417

Resistance is at 5577.and 5637 to 5652
,
February Pork Bellies
Support should appear near 8137 to 8117 and 8047 to 8027.

Resistance is at 8302 to 8317 and 8392 to 8407

Stay Tuned for Livestock Updates and Flashes

The Grande’ Grains

November Soybeans
Recommended Open Position Long at 589
Resistance is at 585 1/2 to 588

Support should appear at 579 1/2 then 572 3/4 to 571 3/4 and 565 1./2 to 564
BW Traders can buy at 565 3/4 and risk a close under 554 3/4 for three days in a row.

December Soymeal
Recommended Open Position Long at 179
Support should appear near 178.0 to 177.4 and 173.8 to 173.1

Resistance should appear near 180.8 to 182.2

December Soybean Oil
Recommended Open Position Long at 2086
Resistance should appear near 2088 and 2126 to 2134

Support should appear near 2042 to 2034 and 1996 to 1982

December Corn
Resistance should appear near 246 1/4 to 247 and 251 1/4 to 251 3/4

Support is at 242 to 241 1/4 and 237 to 235 1/2

December CBOT Wheat
Recommended open Position Long at 381 1/2
Support should appear at 368 1/4 to 366 1/4

Resistance is at 373 to 374 1/4

The Satisfying Softs

December the ‘Monster’ Coffee
Recommended open Position Long 6395
Support is near 6270 to 6255 and 6190 to 6165

Resistance should appear near 6415 to 6430 and 6495 to 6510

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

December Cocoa
Support is at 1655 to 1642 and 1615 to 1609

Resistance should appear near 1689 to 1696 and 1731 to 1738

October Sugar
Support should appear near 609 to 601 .

Resistance should appear near 630 to 634

December Cotton
Support should appear near 5880 to 5855 and 5805 to 5790

Resistance should appear near 6025 to 6035 and the 6100 to 6115 region..

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 September 3rd
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.