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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 12th, 2002
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
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Description of Services Premier Service

Wed September 11th, 2002
2:35 PM e.s.t

The ‘Frenzied’ Forex Front

December Yen
Support should appear near the 8314 to 8300 region.. Which should contain a decline for a bit..
Resistance should appear near the 8353 and 8391 to 8406

December Euro Currency (EC)
Support should appear at 9706 then 9673 and 9641 to 9625. BW Traders can buy at 9642 and risk a close under 9625 for three days in a row.
Resistance is at 9737 and 9779

December Swiss Franc
Recommended Open BW Position Long at 6711
Resistance should appear near 6707 and 6741 to 6755
Support should appear near 6673 to 6659 and the 6591 to 6577 region, which should contain a decline.. .

December British Pound
Support should appear near 1.5426 and 1.5350 to 1.5290. BW Traders can buy at 1.5356 for a turn higher and hold for higher prices..
Resistance is at 1.5520 and the 1.5690 to 1.5760 region..Below Traders should go long if a close over 1.5528 occurs.

December Canadian Dollar
Recommended Open BW Position Long at 6353
Support should appear at 6270 to 6257.
Resistance is at 6337 to 6350.

December Aussie Dollar
Support is at 5430 to 5418 and 5356 to 5344.. BW Traders can buy at 5388 and risk a close under 5339 for three days in a row.
Resistance is at 5461 and 5492 to 5504.
BW Traders should go long if a close over 5464 occurs.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8589 then 8668 to 8683. A close over is friendly and augurs for a test of the 8762 to 8777 region. Which should Cap a rally for a bit..
Support should appear near 8560 and 8499 to 8484.

December SP500
Resistance is at 914.00 to 915.60 then 923.60 and the 931.60 to 934.70 region.. Aggressive BW Traders can sell at 931.20 for a turn lower and hold for lower prices.. Risk a close over 946.70 for three days in a row and stay tuned.. Beyond that resistance is at 952.60 to 964.20 and the 962.50 to 964.10 region , which should cap a rally for a bit.
Support should appear near 906 to 904.40 and the 896.40 to 893.40 region.

Nasdaq Composite
Resistance is at 1334 to 1346 region. Which should Cap a rally for a bit.. Beyond that Sellers should appear near 1361.5 and the 1377 to 1383 region.
Support should appear near 1310 to 1304 and 1289.

December Mini Nasdaq 100
Resistance is at 952.50 to 954.00 then 962.50 to 964.00 and the 970.50 to 973.50 region. Beyond that sellers should appear near 982.50 to 984.00 and the 992.00 to 993.50 region
Support is at 944.50 to 942.50 and 935.00 to 931.50 and 923.50

December 10- Year T-Note
Resistance should appear near 112-23 and 113-07
Support is at 112-17 and 112-04, under that buyers should appear near 111-23..

Precious Metals

December Gold
Support should appear at 317.60 and the 315.7 to 314.8 region.. Below that 310.2 to 309.2 should hold… BW Traders can buy at 315.9 and hold for higher prices..

Resistance is at the 319.4 to 321.30 and the 326.0 to 327 region.
BW Traders should go long if a close over 323.8 occurs

December Copper
Support should appear near 7005 to 6990 then 6920 to 6905 and 6835 to 6805
Resistance should appear near 7075 to 7085 and 7140 to 7170. Beyond that 7240 to 7255 should cap a rally.. BW Traders can sell at 7235 for a turn lower and risk a close over 7440 for three days in a row.

December Silver
Recommended Open BW Position, Long 460.5
Support should appear near 451.5 to 450.5 and 444.5 to 443.5
Resistance is at 457 to 458.5 and 463.5 to 465.

The Exciting Energies
November Crude Oil
Recommended Open BW Position , Long 2942
Support should appear near 2972 then 2952 and 2937 to 2928. Below that Support is at 2883 to 2874.
Resistance is at 3013 and 3036 to 3045

November Natural Gas
Resistance is at the 3.663 to 3.682 and 3.736 to 3.743
Support is at 3.623 to 3.613 and 3.563 to 3.553

November Unleaded Gas
Recommended Open BW Position, Long 7880
Support should appear near 7960 to 7940 and 7865 to 7835
Resistance is at 8029 to 8044 and the 8194 to 8223 region.

November Heating Oil
Recommended Open BW Position, Long 8005
Resistance is at 8020 to 8045 and the 8115 to 8135 region. .
Support should appear near 7955 to 7945 and 7780 to 7760
The Lively Livestock

December Live Cattle
Support should appear near 7117 and 7087 to 7072.

Resistance is at 7172 and the 7242 to 7257 region

December Hogs
Support is at 3747 to 3737 and 3682 to 3662..
Resistance is at 3792 to 3807 and the 3857 to 3867 region.

February Pork Bellies
Support should appear at 6757 to 6742 and 6672 to 6657 . .

Resistance is at 6807 to 6837.. Beyond that sellers should appear near 6992 to 7002

Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains
November Soybeans
Recommended Open BW Position, Long 571
Resistance is at 594 1/2 to 595 3/4 and 602 1/4 to 603 1/2
Support should appear at 585 1/2 and 580 1/2 to 579 1/2 . Under that buyers should appear near 572 1/2 to 571 3/4 .. Below that support should appear near 557 3/4 to 555 1/2
.BW Traders can buy at 557 3/4 and risk a close under 548 3/4 for three days in a row.

December Soymeal
Recommended Open BW Position, Long 181.4
Support should appear near 186.5 to 185.8 and 182.0 to 180.8.
Resistance is at 190.2 to 190.9 and 194.6 to 195.3

December Soybean Oil
Recommended Open BW Position, Long 2045
Resistance is near 2080 to 2088 and 2126 to 2134.
Support should appear near 2042 to 2034 and the 1996 to 1982 region.
BW Traders should go long if a close over 2092 occurs.

Dec Corn
Recommended Open BW Position, Long 289 1/2
Resistance should appear near 293 3/4 and 297 1/4 to 299
Support is at 288 1/4 to 287 1/2 then 282 3/4 to 282 and the 277 1/2 to 276 3/4. BW Traders can buy at 277 3/4 and hold for higher prices..

December Wheat
Recommended Open BW Position, Long 422
Support should appear at 412 to 411 .. Below that buyers should appear near 405 3/4 to 404 1/2 and the 399 1/4 to 398 1/2 region. BW Traders can buy at 399 3/4 and hold for higher prices. Risk a close under 389 3/4 for three days in a row.. .
Resistance is at 417 to 418 1/2 and 423 3/4 to 424 3/4 .Beyond that a test of 430 to 431 1/2 is likely

The Satisfying Softs

December Cocoa
Recommended Open BW Position, Long 1996
Resistance is at 2034 to 2042 and 2080 to 1088.
Support should appear near 2015 then 1996 to 1982 and the 1953 to 1946 region .
BW Traders should go long if a close over 2046 occurs.

December Coffee
Support is near 5880 to 5855 and 5730 to 5715
Resistance should appear near 5955 and 6020 to 6035 .

March Sugar
Support should appear near 630 then 621 and 601 to 609 .. Below that buyers should appear near 586 to 582. BW Traders can buy at 594 and hold for higher prices, Risk a close under 570 for three days in a row.

Resistance should appear near 645 and 656 to 661.

BW Traders should go long if a close over 639 occurs.

December Cotton
Support should appear near 4515 to 4505, a close under augurs for a test of 4445 to 4425 and the 4380 to 4370 region.

Resistance is at 4570 to 4585 and 4635 to 4650.. Beyond that a test of 4775 to 4785 is likely..
BW Traders should go long if a close over 4595 occurs.

A Ship in Harbor is Safe.. But that is not what ships are built for –

Happy Trading!
Bill

bill@futurescom.com
1--561-433-2995
Wed September 11th, 2002
3:15 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.