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, Friday October 11th, 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

Thursday October 10th, 2002
9:00 PM eastern standard time

The ‘Frenzied’ Forex Front

December Yen
Support should appear near 8081 and the 8044 to 8029 region .. 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 8119 to 8134 and 8162

December Euro Currency (EC)
Support should appear at   9821 and 9779.
Resistance is at 9879 and 9921 to 9937

December Swiss Franc
Recommended Open BW Position Long 2 at 6783 avg
Resistance should appear near 6782 and the 6809 to 6836 region .
Support should appear near 6741 and 6707

December British Pound
Support should appear near 1.5526 and 1.5486.
Resistance is at 1.5612 an the 1.5690 to 1.5760 region
BW Traders should go long if a close over 1.5768 occurs.

December Canadian Dollar
Support should appear near the 6257 and the 6190 to 6165 region..

Resistance is at 6305 and 6337 to 6350

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 7587 to 7601 and the 7675 to 7688 region
Support should appear near 7513 to 7486 and the 7428 to 7414 region. .

December SP500
Resistance is at 802.90 to 804.40 region. Beyond that sellers should appear near 811.90 to 813.40 and the 819.40 to 822.30 region.
Support should appear near 795.40 to 793.90 then 786.40 to 783.60 and 777.70 to 776.20

Nasdaq Composite
Resistance is at 1164 to 1169 and 1180.5
Support should appear near 1151.50 and 1136 to 1130

December Mini Nasdaq 100
Resistance is at 856.00 to 858.50 and the 876.00 to 877.50 region
Support is at 850.00 to 848.50 and 840.50 to 839.00, below that a test of 831.50 to 830.00 is likely.

December Ten Year T-Notes
Resistance should appear near 116-07 and 116-23.. Beyond that a test of 117-07 is likely.
Support is at 115-23 and 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 319.4 to 321.3

December Copper
Support should appear near 6670 to 6655 and 6590 to 6575 .

Resistance should appear near 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 425 to 423 .
Resistance is at 437 to 438.5

The Exciting Energies

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

Resistance is at 2928 to 2937 and 2972 to 2990
BW Traders should go long if a close over 2994 occurs.

November Natural Gas
Resistance is at 3.858 to 3.867 and 3.909 to 3.929
Support is at 3.806 to 3.795 and 374.3 to 373.6

November Unleaded Gas
Support should appear near 8045 to 8035 and 7965 to 7935
Resistance is at the 8115 to 8135 and 8195 to 8225.

November Heating Oil
Resistance is at 7835 to 7865 and 7940 to 7955

Support should appear near 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 7002 to 6992 and 6922.
Resistance is at 7142 to 7172 and the 7242 to 7257 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 4057 to 4047 and 3992 to 3982
Resistance is at 4112 to 4122 and 4162 to 4182

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 the 7337 to 7327 region.
Resistance 7587 to 7602 and 7672 to 7692

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

November Soybeans
Recommended Open BW Position, Long at 566
Resistance is at 525 1/2 to 528 3/4 and 534 1/2 to 535 3/4
Support should appear near 521 1/4 to 520. BW Traders can buy at 521 3/4 and risk a close under 512 for three days in a row..Below that 514 to 512 3/4 should contain a decline

December Soymeal
Recommended Open BW Position, Long at 169.7
Support should appear near 165.5 to 164.2 and 161.5 to 160.9
Resistance is at 167.1 and 168.9 to 169.6

December Soybean Oil
Recommended Open BW Position, Long 2026
Resistance is near 1946 to1953 . .
Support should appear near 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 263 1/4 avg
Resistance should appear near 255 1/2 to 256 3/4 and 261 1/4 to 262
Support is at 251 1/2 and the 247 to 246 1/4 region

December Wheat
Recommended Open BW Position, Long at 398 3/4
Support should appear at 362 1/4 to 361 1/4 and 356 1/4 to 353 1/4
Resistance is at the 366 1/4 to 368 1/4 and 373 3/4 to 374 1/4

The Satisfying Softs

December Cocoa
Resistance is at 2411 to 2419 and 2461 to 2469
Support should appear near 2370 to 2354 and 2322 to 2315

December Coffee
Recommended Open BW Position, Long at 5775
Support is near 5725 to 5715 and 5655 to 5640 and 5575 to 5555
Resistance should appear near 5790 to 5805 and 5855 to 5880

March Sugar
Support should appear near 686 to 682
Resistance should appear near 704 to 712

December Cotton
Support should appear near 4315 to 4305 then 4250 to 4235 and the 4185 to 4165 region.
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
Thursday, October 10th 2002
10:20 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.