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, Wed October 9th, 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

A lot of people approach risk as if it’s the enemy, when it’s really fortunes accomplice

Tuesday, October 9th, 2002
4:15 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 9737 to 9707 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 9779 and 9821 to 9837

December Swiss Franc
Recommended Open BW Position Long at 6791
Resistance should appear near 6707 and 6741 to 6755.
Support should appear near 6673 to 6659.
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 1.5426 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 1.5522 and 1.5612.

December Canadian Dollar
Support should appear near the 6190 to 6165 region..
Resistance is at 6257 to 6270.

December Aussie Dollar
Recommended Open BW Position Long at 5461
Support is at 5430 to 5418.
Resistance should appear near 5462 and 5492 to 5504.

                 The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near the 7513 and 7587 to 7601 and 7675 to 7689
Support should appear near 7486 then 7428 to 7414 and the 7342 to 7328 region.

December SP500
Resistance is at 802.90 to 804.40 then 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. BW Traders can sell at 855.70 and risk a close over 869.90 for three days in a row

Nearby Support should appear near 795.40 to 793.90 then 786.50 to 783.50 and the 777.70 to 776.20 region.

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 115-23 and 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 then 115-04 and 114-23

Precious Metals

December Gold
Recommended Open BW Position Long at 323.9
Support should appear at 315.7 to 314.8 region..
Resistance is at the 319.4 to 321.3.
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 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 438.5 to 437 and 425 to 423..
Resistance is at 442.5 to 444.5

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 3.909 to 3.929 and 3.982 to 3.992
Support is at 3.867 to 3.858 then 3.806 to 3.795

November Unleaded Gas
Recommended Open BW Position Long at 8235
Support should appear near 8225 to 8195 and 8136 to 8115.
Resistance is at the 8300 to 8315 region. . Beyond that sellers should appear near 8390 to 8410 and the 8485 to 8500 region.

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
Support should appear near 7087 to 7072 and 7002 to 6992.

Resistance is at 7142 to 7172 and the 7242 region. which should cap a rally for a bit.. BW Traders can sell at 7242 for a turn lower and risk a close over 7357 for three days in a row.

December Hogs
Recommended Open BW Position Short at 3977
Support is at 3993 to 3982 and 3932 to 3912.
Resistance is at 4042 to 4057 and 4112 to 4122

Feb Hogs
Support is at 4652 to 4637 then 4582 to 4572 and the 4447 to 4427 region ,
Resistance is at 4692 to 4717 and the 4772 to 4787 region. .

February Pork Bellies
Support should appear at 7512 to 7487 then 7432 to 7412 and 7342 to 7327
Resistance 7587 to 7602 then 7672 to 7692 and 7762 to 7777.

-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 534 1/2 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 2275 and the 2315 to 2322.
Support should appear near 2248 then 2226 to 2219 and 2185 to 2170.

December Coffee
Recommended Open BW Position, Long at 5775
Support is near 5805 to 5790 then 5725 to 5715 and 5655 to 5640
Resistance should appear near 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 704 and 686 to 682
Resistance should appear near 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
Tuesday, October 8th 2002
5:00 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.