FuturesCom Investment Publications Since 1989 Economic and Investment Trend Analysis Since 1979

Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500
Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments, Tuesday October 1st, 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
Description of Services Premier Service

Tuesday October 1st, 2002
2:45 AM. ET

The ‘Frenzied’ Forex Front

December Yen
Support should appear near 8194 then 8165 and 8139 to 8119
Resistance should appear near 8223 and 8262, an extended trade over augurs for a test of 8300 to 8314.

December Euro Currency (EC)
Recommended Open BW Position Long at 9834
Support should appear at 9837 to 9821 and 9779
Resistance is at 9879 and 9921 to 9937

December Swiss Franc
Recommended Open BW Position Long 2at 6749 avg
Resistance should appear near 6809 to 6836
Support should appear near 6782 and 6755 to 6741

December British Pound
Recommended Open BW Position Long at 1.5532
Support should appear near 1.5594 and 1.5512.
Resistance is at the 1.5690 to 1.5760 region..

December Canadian Dollar
Support should appear at 6270 to 6257
Resistance is at 6337 to 6350
BW Traders should go long if a close over 6362 occurs

December Aussie Dollar
Recommended Open BW Position Long 2 at 5436 avg
Support is at 5356 to 5344.
Resistance is at 5388 and 5417 to 5430

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 7601 and 7689 to 7675, beyond that sellers
should appear near 7763 to 7777
Support should appear near 7513 to 7486 and the 7428 to 7414 region

December SP500
Resistance is at 819.40 to 822.30 and 830.00 to 831.40
Support should appear near 813.40 to 811.90 and the 804.40 to 802.90 region.

Nasdaq Composite
Resistance is at 1180.5 and 1192 to 1202.
Support should appear near 1169 to 1164

December Mini Nasdaq 100
Resistance is at 848.5o to 850.00 then 856.00 to 859.00 and 876.00 to 877.50.
Support is at 840.50 to 839.00 and 831.50 to 830.00 and the 804.50 to 803.00 region.

December Ten Year T-Notes
Resistance should appear near 116-07 and 116-23
Support is at 11523 and 115-07

Precious Metals

December Gold
Recommended Open BW Position Long at 323.9
Support should appear at 321.3 to 319.4 and the 315.7 to 314.8 region..
Resistance is at 326.1 to 327.2
BW Traders should go long if a close over 327.4 occurs

December Copper
Support should appear near 6670 to 6655. Below that buyers should appear near 6590 to 6575 and the 6510 to 6480 region.. BW Traders can buy at 6515 and risk a close under 6320 for three days in a row.
Resistance should appear near 6740 to 6755 and 6810 to 6835

December Silver
Recommended Open BW Position Long at 460.5
Support should appear near 451.5 to 450.5 and 444.5 to 443.5.
Resistance is at 457.0 to 458.5 and 463.5 to 465.

The Exciting Energies
November Crude Oil
Support should appear near 3045 to 3036 and 2990 to 2972 under that buyers should appear near 2937 to 2928 Aggressive BW Traders can buy at 2941 and hold or higher prices ..
Resistance is at 3092 to 3102. Beyond that a test of 3148 to 3157 is likely.

November Natural Gas
Resistance is at 4.238 to 4.249 and 4.370 to 4.380
Support is at 4.120 to 4.110 and 4.056 to 4.046

November Unleaded Gas
Recommended Open BW Position Long at 8175
Support should appear near and 8045 to 8025 then 7955 to 7935 and 7865 to 7835
Resistance is at 8195 to 8225 and 8300 to 8315.

November Heating Oil
Recommended Open BW Position Long at 8160.
Resistance is at 8195 to 8220 and the 8385 to 8405 region.
Support should appear near 8115 and 7955 to 7935 then 7865 to 7835

The Lively Livestock
December Live Cattle
Nearby Support should appear near 7007 to 6992.. Under that support is at 6922 to 6907.
Resistance is at 7077 to 7087 and 7142 to 7172.

December Hogs
Support is at 4047 and 3992 to 3982.
Nearby Resistance is at 4107 to 4122 and 4162 to 4182

February Hogs
Support is at 4652 to 4637 and 4582 to 4572.
Nearby Resistance is at 4772 to 4787 and 4842 to 4857

February Pork Bellies
Support should appear near 7692 to 7672 and 7512 to 7487

Resistance is at 7762 to 7777 and 7937 to 7957

    -Stay tuned for Livestock Updates and Flashes-

                   The Grande’ Grains

November Soybeans
Recommended Open BW Position, Long 2 at 561 3/4 avg
Resistance is at 5549 1/2 to 550 1/2
Support should appear at 543 to 541 3/4 and 545 3/4 to 534 1/2

December Soymeal
Recommended Open BW Position Long at 173.9
Support should appear near 169.60 to 168.90..
Resistance is at 173.1 to 173.8

December Soybean Oil
Recommended Open BW Position, Long 2 at 2035 avg
Resistance is near 1984 to 1996
Support should appear near 1953 to 1946

Dec Corn
Recommended Open BW Position, Long 277 3/4
Resistance should appear near 255 1/4 to 256 3/4
Support should appear near 251 1/4 and 247 to 246 1/4

December Wheat
Recommended Open BW Position, Long 2 at 410 1/2 avg
Support should appear near 392 3/4 to 390 3/4 and the 386 3/4 to 385 3/4 region
Resistance is at 398 1/4 to 399 1/4 and 404 3/4 to 405 3/4egion.
Aggressive BW Traders should go long if a close over 406 ½ occurs

The Satisfying Softs

December Cocoa
Recommended Open BW Position, Long 2157
Resistance is at 2219 to 2226 and the 2267 to 2275 region
Support should appear near 2185 to 2170 and 2134 to 2126 ....

December Coffee
Recommended Open BW Position Long at 5585
Support is near 5450 to 5415 and 5355 to 5345
Resistance should appear near 5495 to 5505 and 5555 to 5575 and

March Sugar
Support should appear near 634 to 630 then 609 to 601..BW Traders can buy at 612 and hold for higher prices.. Risk a close under 579 for three days in a row.

Resistance should appear near 656 to 661.. A close over is friendly and augurs for a test of 682 to 686.
BW Traders should go long if a close over 665 occurs.

December Cotton
Support should appear near 4380 to 4370 then 4315 to 4305 and 4255 to 4235
Resistance is at 4445 and 4505 to 4515 then 4570 to 4585
BW Traders should go long if a close over 4455 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
Tuesday, October 1st, 2002
3:40 AM , 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.