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 11th , 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 10th, 2003
2:30 PM Eastern time

The ‘Frenzied’ Forex Front

December Yen
Support should appear near 8560 and 8499 to 8484

Resistance should appear near 8589 then 8668 to 8683 and 8762 to 8777.
BW Traders can sell at 8757 and risk a close over 8877 for three days in a row.

December Euro Currency (EC)
Recommended Open Position Long 11193
Support should appear at 11155 and 11087..Below that 11010 to 10960 should contain a decline

Resistance is at 11227.and 11300 to 11360

December Swiss Franc
Recommended open position Long 2 at 7243
Resistance should appear near 7328 to 7343.

Support should appear near 7242 and 7206 and 7170 to 7143

BW Traders should go long if a close over 7294 occurs

December British Pound
Recommended open position Long 1.5724
Support should appear near 15760 to 1.5690. Below that buyers should appear near 1.5510 and 15350 to 15290 .

Resistance should appear near 1.5842 and 1.5926

December Canadian Dollar
Support should appear near 7255 to 7242 and 7207 BW Traders can buy at 7208 and hold for higher prices

Resistance is at 7328 to 7342

BW Traders should go long if a close over 7347 occurs..

December Aussie Dollar
Recommended open Position Long 6438
Support should appear near 6484 and 6430 to 6417

Resistance should appear near 6577 to 6591

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9429 to 9445 and 9526 to 9542

Support should appear near 9347 to 9316 and 9237

December SP500
Recommended Open position Short at 1016.20
Resistance should appear near 1010.40 to 1013.60 then 1018.5 and the 1032.00 to 1036.00 region.

Support should appear near 1005 then 1003.70 to 1002.10 and 993.70 top 992.10

Nasdaq Composite
Resistance should appear near 1858 to 1865

Support should appear near 1822 to 1808

December Mini Nasdaq 100
Resistance is at 1346 then 1361.50 and 1377 to 1383

Support is at 1334 then 1322 and 1310 to 1304

December 10 Year T-Note
Resistance should appear near 112-07 and 112-23.

Support is at 111-21 and 111-07

The Precious Metals

December Gold
Recommended open Position Long 382.8
Support should appear at 380.6 to 379.5 and 374.3 to 373.6

Resistance is at 385.8 to 386.7 and 390.9 to 392.9

December Copper
Recommended open Position short 8200
Support should appear near 8045 to 8030 and 7955 to 7945

Resistance should appear near 8115 to 8135 and 8195 to 8225 .

December Silver
Support should appear near 521.5 to 520 then 514 to 512.5 and 506.5 to 505.5.
BW Traders can buy at 507 for a turn higher and hold for higher prices..

Resistance is at 525 5 to 528.5 then 534.5 to 535.5 and 541.5 to 543.0

The Exciting Energies

October Crude Oil
Recommended Open position Long at 3049
Support should appear near 2928 then 2883 to 2874 and 2829 to 2820

Resistance is at 2972 to 2990 and 3036 to 3045

October Unleaded Gas
Resistance should appear near 8855 to 8870 and 8935 to 8965

Support should appear near 8685 to 8665 and 8590 to 8560

October Heating Oil
Recommended open Position Long 2 at 7915 avg
Resistance is at 7765 to 7775 and 7835 to 7865

Support should appear near 7690 to 7675 and 7605 to 7585

The Lively Livestock

October Live Cattle
Recommended open Position Short 8652
Support should appear near 8662 and 8587 to 8557

Resistance is at 8722 and 8762 to 8777

October Lean Hogs
Recommended open Position Short 5547
Support is at 5882 to 5852 and 5807 to 5792

Resistance is at 5947 to 5957 and 6022 to 6037..

February Pork Bellies
Recommended open Position 8860
Support should appear near 8872 top 8857 and 8777 to 8762

Resistance is at 8932 to 8967 and 9042 to 9062

BW Traders should go short if a close under 8657 occurs

-- Stay Tuned for Livestock Updates and Flashes ---

The Grande’ Grains

November Soybeans
Resistance is at 602 1/4 to 603 1/2 and 610 1/4 to 611 1/4

Support should appear at 595 3/4 to 594 1/2 and 588 to 585 1/2

December Soymeal
Support should appear near 186.5 to 185.8 and 182.2 to 180.8.

Resistance should appear near 190.2 to 190.9 and 198.2 to 199.6

December Soybean Oil
Resistance should appear near 2080 to 2088 and 2126 to 2134

Support should appear near 2042 to 2034 and 1996 to 1982

BW Traders should go long if a close over 2092 occurs.

December Corn
Resistance should appear near 246 1/2 to 246 3/4

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

December CBOT Wheat
Recommended open Position Long 2 at 372 1/4
Support should appear 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

The Satisfying Softs

December the ‘Monster’ Coffee
Recommended Open position Long 7035
Support is near 7005 to 6990 and the 6835 to 6810 region .

Resistance should appear near 7145 to 7175 and the 7325 to 7345 region

December Cocoa
Support is at 1615 to 1609 and 1576 to 1569

Resistance should appear near 1642 to 1655 and 1689 to 1696

October Sugar
Recommended open Position Long 587
Support should appear near 609 to 601 and 586 to 583

Resistance should appear near 630 to 634

BW Traders should go long if a close over 611 occurs.

December Cotton
Recommended Open position Long at 6255
Support should appear near 6190 to 6165 and 6115 to 6105 .

Resistance should appear near 6335 to 6350 and 6415 to 6430 ..

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 10th, 2002
3:20 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.