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 Sept 5th , 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 September 4th, 2003
2:30 PM Eastern time

The ‘Frenzied’ Forex Front

Sept Yen
Support should appear near 8560 and 8499 to 8484

Resistance should appear near 8589 and 8668 to 8683

Sept Euro Currency (EC)
Recommended Open Position Long 10912
Support should appear at 10890 then 10820 and 10680 to 10630

Resistance is at 10960 to 11010 and 11155

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 7115 and 7143 to 7170

Support should appear near 7088 to 7074 and 7003 to 6990

December Swiss Franc
Recommended Open Position Long 2 at 7092

Sept British Pound
Support should appear near 15760 to 15724 and 1.5690

Resistance should appear near 1.5842 and 1.5912

Sept Canadian Dollar
Support should appear near 7255 to 7242

Resistance is at 7328 to 7342

Sept Aussie Dollar
Support should appear near 6350 to 6337

Resistance should appear near 6417 to 6430

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9625 to 9641 and 9706 to 9737

Support should appear near 9542 to 9525 and 9445 to 9429

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 1068 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 109-23 and 110-07

Support is at 109-07 and 108-23

The Precious Metals

December Gold
Support should appear at 373 and 368.2 to 366.3

Resistance is at 379.5 to 380.6

December Copper
Support should appear near 8195 and 8135 to 8115

Resistance should appear near 8300 to 8315 and 8390 to 8405

December Silver
Support should appear near 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 505.5 to 506.5 and 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 2883 to 2874.and 2829 to 2820

Resistance is at 2928 to 2937 and 2972 to 2990

October Unleaded Gas
Recommended open Position Long at 9355
Support should appear near 8405 to 8390 and 8315 to 8300

Resistance should appear near 8665 to 8685 and 8760 to 8775

October Heating Oil
Recommended open Position Long 8155
Resistance is at 7760 to 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 5582 to 5552 and 5507 to 5492

Resistance is at 5637 to 5652 and 5717 to 5727
,
February Pork Bellies
Support should appear near 8407 to 8392 and 8317 to 8302

Resistance is at 8482 to 8502 and 8557 to 8587

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 585 1/2 and 580 1/2 to 579 1/4

December Soymeal
Support should appear near 182.2 to 180.8 and 178.0 to 177.4

Resistance should appear near 185.8 to 186.5
BW Traders should go long if a close over 186.9 occurs..

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

Support should appear near 2088 to 2080 and 2042 to 2034

December Corn
Resistance should appear near 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 366 1/4 and 362 1/2 to 361 1/4

Resistance is at 373 to 374 1/4

The Satisfying Softs

December the ‘Monster’ Coffee
Recommended open Position Long 2 at 6445 avg
Support is near 6430 to 6415 and 6350 to 6335

Resistance should appear near 6510 and 6575 to 6590

December Cocoa
Support is at 1696 to 1689 and 1655 to 1642

Resistance should appear near 1731 to 1738 and 1777 to 1783

October Sugar
Support should appear near 586 to 583 and 562 to 558
BW Traders can buy at 589 for a bounce and risk a close under 554 for three days in a row.

Resistance should appear near 601 to 609 and 630 to 634

December Cotton
Support should appear near 5955 to 5940 and 5880 to 5855

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

Thursday September 4th
3:30 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.