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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, Wed Sept 18th, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Description of Services Premier Service

Tuesday , September 17th, 2002
3:20 PM e.s.t

The ‘Frenzied’ Forex Front

December Yen
Support should appear near 8223 to 8194 and the 8134 to 8119 region…. Which should contain a decline for a bit.. BW Traders can buy at 8137 for a bounce and risk a close under 8023 for three days in a row.

Resistance should appear near 8261 and the 8300 to 8314 region

December Euro Currency (EC)
Recommended Open BW Position Long at 9642
Support should appear at 9674 and 9641 to 9625
Resistance is at 9706 to 9737 and 9779

December Swiss Franc
Recommended Open BW Position Long at 6711
Resistance should appear near 6659 to 6673
Support should appear near 6591 to 6577.. .

December British Pound
Recommended Open BW Position Long at 1.5356
Support should appear near 1.5290 and 1.5226 .
Resistance is at 1.5350 and 1.5426.

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
Recommended Open BW Position Long at 5484
Support is at 5418 and 5387
Resistance is at 5430 and 5461

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8223 then 8261 and 8300 to 8314.. beyond that sellers should appear near 8391 to 8406.
Support should appear near 8194, an extended slip under is negative and augurs for a test of the 8134 to 8119 region

December SP500
Resistance is at 876.20 to 877.70 and 885.60 to 887.10. Beyond that sellers should appear near 893.40 to 896.40.
Support should appear near 868.30 to 866.80 and 858.90 to 856.00 .

Nasdaq Composite
Resistance is at 1268 to 1274 and 1289
Support should appear near 1253 and 1238 to 1232

December Mini Nasdaq 100
Resistance is at 904.50 to 906.00 then 914.00 to 915.50 and 923.50
Support is at 896.50 to 893.50 and 877.50 to 876.00

December 10- Year T-Note
Resistance should appear near 114-07 and 114-22
Support is at 113-23 then 113-17 and 113-07 .

Precious Metals

December Gold
Recommended Open BW Position Long at 315.9
Support should appear at 317.60 and the 315.7 to 314.8 region.
Resistance is at the 319.4 to 321.30.
BW Traders should go long if a close over 323.8 occurs

December Copper
Support should appear near 6835 to 6805 and the 6755 to 6740 region
Resistance should appear near 6905 to 6920 and 6990 to 7005.

December Silver
Recommended Open BW Position, Long 460.5
Support should appear near 458.5 to 457 and 451.5 to 450.
Resistance is at 463.5 to 465.. Beyond that a test of 469.5 to 471.5 is likely.

The Exciting Energies
November Crude Oil
Recommended Open BW Position , Long 2942
Support should appear near 2928 and 2883 to 2874
Resistance is at 2972 to 2990

November Natural Gas
Resistance is at 4.035 to 4.045 and 4.110 to 4.120. .
Support is at 3.920 to 3.909 and 3.867 to 3.858

November Unleaded Gas
Recommended Open BW Position, Long 2 at 7750 avg
Support should appear near 7690 to 7675 and 7605 to 7585..
Resistance is at 7765 to 7780 and 7835 to 7865 .

November Heating Oil
Recommended Open BW Position, Long 8005
Resistance is at 7835 to 7865 and 8025 to 8045
Support should appear near 7690 to 7665 and the 7605 to 7585 region .. BW Traders can buy at 7615 and risk a close under 7470 fro three days in a row. Below that support is at 7430 to 7415 .

The Lively Livestock

December Live Cattle
Support should appear near 7172 to 7142.
Nearby Resistance is at 7242 to 7257 . Beyond that sellers should appear near 7337 to 7342 which should cap a rally for a bit..BW Traders can sell at 7332 for a turn lower and risk a close over 7442 for three days in a row.

December Hogs
Support is at 3682 to 3662 and 3622 to 3612
Resistance is at 3732 to 3742 and 3792 to 3807

February Pork Bellies
Support should appear at 6922 to 6907 and 6837 to 6807
Resistance is at 6992 to 7002 and the 7072 to 7087 region

Stay tuned for Livestock and Belly Updates and Flashes-

                   The Grande’ Grains
November Soybeans
Recommended Open BW Position, Long 2 at 564 1/2 avg
Resistance is at 579 1/4 to 580 1/2
Support should appear near 572 3/4 to 571 1/2 and 565 1/4 to 564

December Soymeal
Support should appear near 182.2 to 180.8 and 178.0 to 177.5 Under that buyers should appear near 173.8.to 173.1 which should contain a decline for a bit..
BW Traders can buy at 173.9 and risk a close under 171.2 for three days in a row.
Resistance is at 185.8 to 186.5

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

Dec Corn
Recommended Open BW Position, Long 2 at 283 1/2 avg
Resistance should appear near 277 1/2 and the 282 to 282 3/4 region.
Support is at 275 3/4 and 272 1/2 to 271 3/4.

December Wheat
Recommended Open BW Position, Long 2 at 410 1/2 avg
Support should appear at 404 3/4 and 399 1/4 to 398 1/4, under that buyers should appear near the 392 3/4 to 390 1/2 region.
Resistance is at 411 to 412 and the 416 1/4 to 418 1/4 region.

The Satisfying Softs

December Cocoa
Recommended Open BW Position, Long 2 at 2023 avg
Resistance is at 2080 to 2088.
Support should appear near 2042 to 2034 and 2015.

December Coffee
Support is near 6165 then 6115 to 6100 and the 6035 to 6025 region.
Resistance should appear near 6190 then 6255 to 6170 and the 6335 to 6350 region.

March Sugar
Recommended Open BW Position, Long 640
Support should appear near 645 and 634 to 630.
Resistance should appear near 656 to 661 and the 682 to 686 region. .

December Cotton
Support should appear near 4250 to 4235 and 4185 to 4160
Resistance is at 4370 to 4380 and 4425 to 4445 .

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
Tuesday, September 17th, 2002
4:25 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.