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 8th, 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

"I made my money by selling too soon." --Bernard Baruch--

Monday, October 7th, 2002
5:45 PM eastern standard time

The ‘Frenzied’ Forex Front

December Yen
Support should appear near 8044 to 8029 .. BW Traders can buy at 8047 for a bounce and risk a close under 7932 for three days in a row
Resistance should appear near the 8119 to 8134

December Euro Currency (EC)
Recommended Open BW Position Long 2 at 9812 avg
Support should appear at 9779 and 9737 to 9707
Resistance is at the 9821 to 9837 region. A close over is friendly and augurs for a test of 9921 to 9937

December Swiss Franc
Recommended Open BW Position Long at 6791
Resistance should appear near 6741 to 6755. A close over is friendly and augurs for a test of 6782 then 6809 to 6836
Support should appear near 6707 and 6673 to 6659. Below that buyers should appear near 6591 to 6577

BW Traders should go long if a close over 6758 occurs

December British Pound
Recommended Open BW Position Long at 1.5532
Support should appear near 1.5522 then 1.5350 to 1.5290 BW Traders can buy at 1.5356 for a turn higher and hold for higher prices..

Resistance is at 1.5690 to 1.5760.
BW Traders should go long if a close over 1.5768 occurs.

December Canadian Dollar
Support should appear at 6257 and the 6190 to 6165 region..
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 at 5461
Support is at 5430 to 5418.
Resistance should appear near 5492 to 5504.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near the 7487 to 7513 and 7587 to 7601
Support should appear near 7414 and the 7342 to 7328 region.. Which should contain a decline for a bit.. An extended trade or close under is negative and augurs for a test of 7255 to 7242

December SP500
Resistance is at 811.90 to 813.40 and the 819.40 to 822.30 region.. Above that sellers should appear near 830.00 to 831.40. Beyond that resistance is at 839.10 to 840.60 and the 856.00 to 858.90 region.. Which should cap a rally for a bit. Traders can sell at 855.70 and risk a close over 869.90 for three days in a row Beyond that sellers should appear near 876.20 to 877.70 and 904.40 to 906.00 which should contain any excitement for a bit..

Nearby Support should appear near 786.50 to 783.50 and the 777.70 to 776.20 region. Which should contain a decline.

Nasdaq Composite
Resistance is at 1130 to 1136 and 1164 to 1169

Support should appear near 1101 to 1096 ..

December Mini Nasdaq 100
Resistance is at 830.00 to 831.50 and the 848.50 to 850.00 region ..
Support is at 813.50 to 811.50 and the 804.50 to 802.50 region. A close under is negative and augurs for a test of 777.50 to 776.00

December Ten Year T-Notes
Resistance should appear near 116-07 which should cap a rally for a bit.. However close over is friendly and augurs for a test of 116-22 and 117-07

Support is at 115-17 and 115-04

Precious Metals

December Gold
Recommended Open BW Position Long at 323.9
Nearby Support should appear at 321.3 to 319.4 and the 315.7 to 314.8 region..

Resistance is at the 326.0 to 327 region.. A close over 327 is friendly and augurs for a test of 331.9 to 332.8

BW Traders should go long if a close over 327.4 occurs

December Copper
Support should appear near 6590 to 6575 and the 6510 to 6480 region.. A close under augurs for a test of 6430 to 6415 and the 6350 to 6335 region.. BW Traders can buy at 6355 and risk a close under 6115 for three days in a row.

Resistance should appear near 6655 to 6670 and the 6740 to 6755 region ..Beyond that sellers should appear near 6855 to 6870 and the 6905 to 6920 region. BW Traders can sell at 6890 for a turn lower and risk a close over 7010 for three days in a row.

December Silver
Recommended Open BW Position Long at 460.5
Support should appear near 444.5 to 443.5 and 438.5 to 437 .. A close under 437 is negative and augurs for a test of 425 to 423..

Resistance is at 450.5 to 451.5 and 457.0 to 458.5 ..A close over is friendly and augurs for a test of
477.5 to 478.5... BW Traders should go long if a close over 458.5 occurs.

The Exciting Energies

November Crude Oil
Recommended Open BW Position Long at 2941
Support should appear near 2937 to 2928 and 2883 to 2874.. Below that Support is at 2829 to 2820.

Resistance is at 2972 to 2990 and the 3036 to 3045 region
BW Traders should go long if a close over 2994 occurs.

November Natural Gas
Resistance is at 3.795 to 3.806 then 3.90.9 to 3.929
Support is at 3.623 to 3.613 which should contain a decline for a bit.. Below support at 3.503 to 3.493…
BW Traders can buy at 3.505 and hold for higher prices.. Under that buyers should appear near
3.386 to 3.377 and 3.328 to 3.319

November Unleaded Gas
Support should appear near 8025 then 7960 to 7935 and 7865 to 7835.. Below that buyers should appear near 7690 to 7675. BW Traders can buy at 7705 and hold for higher prices ..

Resistance is at 8120 to 8135 and the8300 to 8315 region. . Beyond that sellers should appear near 8390 to 8410 and the 8485 to 8500 region.

BW Traders should go long if a close over 8055 occurs.

November Heating Oil
Resistance is at 7940 to 7955 then 8025 to 8045 and the 8115 to 8135 region. Beyond that sellers should appear near 8195 to 8225 and the 8385 to 8405 region.

Support should appear near 7865 to 7835 and 7780 to 7765 Under that buyers should appear near 7690 to 7665 then 7605 to 7585 and the 7515 to 7480 region . BW Traders can buy at 7535 and Hold for higher prices, risk a close under 7310 for three days in a row.

BW Traders should go long if a close over 7965 occurs.

The Lively Livestock

December Live Cattle
Nearby Support should appear near 6922 to 6907 and the 6837 to 6807 region. BW Traders can buy at 6842 for a bounce and risk a close under 6732 for three days in a row..

Resistance is at 6992 to 7002 and 7072 to 7087

December Hogs
Support is at 3747 to 3737 and the 3682 to 3662 region.. a close under is negative and augurs for a test of 3567 to 3552 .

Resistance is at 3857 to 3867 and 3907 to 3932 .. Beyond that BW Traders can sell at 3977 and risk a close over 4067 for three days in a row.

Feb Hogs
Support is at 4447 to 4427, below that buyers should appear near 4382 to 4372... BW Traders can buy at 4387 for a turn higher and hold for higher prices..

Resistance is at 4572 to 4582 and 4637 to 4652

February Pork Bellies
Support should appear at 7172 to 7142. BW Traders can buy at 7177 and hold for higher prices… Risk a close under 6987 for three days in a row..

Resistance is at 7242 to 7257 and 7327 to 7342 .

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

November Soybeans
Recommended Open BW Position, Long at 566
Resistance is at 541 3/4 to 543, a close over is friendly and augurs for a test of 549 1/2 to 550 1/2
Support should appear near the 535 3/4 to 534 1/2 region and 528 1/2 to 525 3/4.. Below that 521 1/4
to 520 should contain a decline. BW Traders can buy at 521 3/4 and risk a close under
512 for three days in a row..

BW Traders should go long if a close over 543 3/4 occurs

December Soymeal
Recommended Open BW Position, Long at 169.7
Support should appear near 169.6 to 168.9 and the 165.5 to 164.2 region
Resistance is at 173.1 to 173.8

BW Traders should go long if a close over 173.9 occurs.

December Soybean Oil
Recommended Open BW Position, Long 2026
Resistance is near 1953 and 1984 to 1996 . .
Support should appear near 1946 and the 1909 to 1902 region , which should contain a decline..

BW Traders should go long if a close over 1957 occurs.

Dec Corn
Recommended Open BW Position, Long 2 at 268 3/4 avg
Resistance should appear near 261 1/4 to 262 and 266 1/2 to 267 1/2
Support is at 256 3/4 to 255 1/2 and the 252 to 251 1/2 region ..
BW Traders can buy at 252 1/4 and hold for higher prices..

December Wheat
Recommended Open BW Position, Long at 398 3/4
Support should appear at 380 3/4 to 3791/2 then 374 1/2 to 373 1/2 and the 368 1/4 to 366 1/2 region .
Resistance is at the 385 3/4 to 386 3/4 region.. A close over is friendly and augurs for a test of
398 1/4 to 399 1/4

Aggressive BW Traders should go long if a close over 387 1/4 occurs

The Satisfying Softs

December Cocoa
Recommended Open BW Position, Long at 2250
Resistance is at the 2267 to 2275 region. Beyond that a test of the 2315 to 2322 region is likely.

Support should appear near 2226 to 2219 then 2185 to 2170 and 2134 to 2126 .
BW Traders can buy at 2137 and risk a close under 2077 for three days in a row …

December Coffee
Recommended Open BW Position, Long at 5775
Support is near 5655 to 5640 then 5580 to 5555 and the 5430 to 5415 region . BW .Traders can buy at 5435 for a bounce and risk a close under 5245 for three days in a row.

Resistance should appear near 5790 to 5805 and the 5855 to 5880 region. Beyond that sellers should appear near 5935 to 5955

March Sugar
Recommended Open BW Position, Long 669
Support should appear near 686 to 682 and 661 to 656.
Resistance should appear near 704 to 712 and the 735 to 739 region

December Cotton
Recommended Open BW Position Long at 4550
Support should appear near 4250 to 4235 and the 4185 to 4165 region.

Resistance is at 4305 to 4315 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
Monday, October 7th 2002
6:40 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.