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 12th , 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 11th, 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 then 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 1.5842 and 15760 to 1.5690.

Resistance should appear near 1.5926 and 16090 to 16150

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 6509 to 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 9526 to 9542 and 9625 to 9641

Support should appear near 9445 to 9429 and 9347 to 9316

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

Support should appear near 1013.6 to 1010.4 and 1003.70 to 1002.10

Nasdaq Composite
Resistance should appear near 1858 to 1865

Support should appear near 1822 to 1808

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

Support is at 1346 to 1334 and 1310 to 1304

December 10 Year T-Note
Resistance should appear near 111-21 and 112-07.

Support is at 111-07 and 110-23

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 8225 to 8195 and 8135 to 8115

Resistance should appear near 8300 to 8315 and 8390 to 8405 .

December Silver
Support should appear near 528 to 525 .5 and 521.5 to 520t

Resistance is at 535.5 and 541.5 to 543.0

The Exciting Energies

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

Resistance is at 2928 to 2937

October Unleaded Gas
Resistance should appear near 8485 to 8500 and 8560 to 8590

Support should appear near 8405 to 8390 and 8315 to 8300

October Heating Oil
Recommended open Position Long 2 at 7915 avg
Resistance is at 7585 to 7605 and 7675 to 7690

Support should appear near 7515 to 7485 and 7345 to 7325

The Lively Livestock

October Live Cattle
Recommended open Position Short 8652
Support should appear near 8777 to 8762 and 8682 to 8667

Resistance is at 8857 to 8872 and 8932 to 8962

October Lean Hogs
Recommended open Position Short 5547
Support is at 6032 to 6022 and 5957 to 5947

Resistance is at 6102 to 6117 and 6162 to 6192

February Pork Bellies
Recommended open Position 8860
Support should appear near 8967 to 8937 and 8872 to 8857

Resistance is at 9042 to 9062 and 9137 to 9157

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

The Grande’ Grains

November Soybeans
Resistance is at 616 1/2 to 618 and 625 3/4 to 627

Support should appear at 611 142 to 610 1/4 and 603 1/2 to 602 1/4

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

Resistance should appear near 190.9 and 198.2 to 199.6

December Soybean Oil
Recommended open Position Long 2173
Resistance should appear near 2185 and 2219 to 2226

Support should appear near 2134 to 2126

December Corn
Resistance should appear near 235 1/2 to 237

Support is at 232 1/4 to 231 1/2 and 227 12/2 to 226 1/4

December CBOT Wheat
Recommended open Position Long 2 at 372 1/4
Support should appear near 350 1/4 to 349 1/4 and 344 1/4 to 342 1/2

Resistance is at 355 1/4 to 356 and 361 1/4 to 362 1/4

The Satisfying Softs

December the ‘Monster’ Coffee
Recommended Open position Long 7035
Support is near 7175 to 7145 and 7005 to 6990

Resistance should appear near 7240 to 7255 and the 7325 to 7345 region

December Cocoa
Support is at 1496 to 1484 and 1459 to 1453

Resistance should appear near 1535 and 1569 to 1576

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

Resistance should appear near 601 to 609

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

December Cotton
Recommended Open position Long at 6255
Support should appear near 6430 to 6415 and 6350 to 6335

Resistance should appear near 6655 to 6675 and 6740 to 6755..

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 11th, 2003
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.