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, Thursday October 17th, 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

Wed October 16th, 2002
4:45 PM eastern standard time

The ‘Frenzied’ Forex Front

December Yen
Support should appear near 8044 to 8029 and 7955 to 7934
Resistance should appear near 8081 and 8119 to 8134

December Euro Currency (EC)
Support should appear at 9779 and 9737 to 9706
Resistance is at 9821 to 9837.

December Swiss Franc
Recommended Open BW Position Long 2 at 6783 avg
Resistance should appear near 6741 to 6755 .
Support should appear near 6673 to 6659

December British Pound
Support should appear near 1.5426 then 1.5350 to 1.5290 and 1.4960 to 1.4840…
BW Traders can buy at 1.5356 for a turn higher and hold for higher prices..
Resistance is at 1.5522 and 1.5586.

December Canadian Dollar
Support should appear near the 6270 to 6257
Resistance is at 6337 to 6350

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

                 The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8194 to 8223 and 8300 to 8314
Support should appear near 8029 and 7954 to 7939

December SP500
Recommended Open BW Position Short at 855.70
Resistance is at 876.20 to 877.70 then 885.60 to 887.10 and 904.40 to 906.00 which should contain any excitement for a bit..
Support should appear near 868.30 to 866.80 and 858.90 to 856.00

Nasdaq Composite
Resistance is at 1253 and 1268 to 1274
Support should appear near 1232 and 1217.5

December Mini Nasdaq 100
Resistance is at 943.00 to 944.50 and 952.50 to 954.50
Support is at 931.5 to 930.00 then 923 and 915.50 to 914.00

December Ten Year T-Notes
Resistance should appear near 113-07 and 113-23.
Support is at 112-23 and 112-07

Precious Metals

December Gold
Recommended Open BW Position Long at 323.9
Support should appear at the 310.20 to 309.3.
Resistance is at 314.8 to 315.7
.

December Copper
Support should appear near the 6670 to 6655 region.
Resistance should appear near 6755 and 6855 to 6870. BW Traders can sell at 6890 for a turn lower and risk a close over 7010 for three days in a row.

December Silver
Support should appear near 431.5 to 430 below that buyers should appear near 412 to 411 ..
BW Traders can buy at 412.5 and risk a close under 404 for three days in a row.. .
Resistance is at 437 to 438.5 and the 442.5 to 444.5 region

The Exciting Energies

December Crude Oil
Recommended Open BW Position Long 2996
Support should appear near 2928 and 2883 to 2874
Resistance is at 2951 and 2972 to 2990

November Natural Gas
Resistance is at 4.238 to 4.246 and 4.305 to 4.315
Support is at 4.183 to 4.163 and 4.183 to 4.163

November Unleaded Gas
Support should appear near 8315 to 8300 and 8225 to 8195
Resistance is at 8390 to 8405 and 8485 to 8500.

November Heating Oil
Recommended Open BW Position Long at 8090
Resistance is at 8025 to 8045 and 8115 to 8135
Support should appear near 7955 to 7940 and 7865 to 7835

The Lively Livestock
December Live Cattle
Support should appear near 7172 to 7142 and 7112
Resistance should appear near the 7242 to 7257 region and 7325 to 7342.
BW Traders can sell at 7242 for a turn lower and risk a close over 7357 for three days in a row.

December Hogs
Support is at 4188 to 4162 and the 4122 to 4112 region
Resistance is at 4237 to 4252 then 4302 to 4317 and the 4367 to 4382 region.

Feb Hogs
Support is at 4787 to 4772 and 4717 to 4692
Resistance is at the 4842 to 4857 region and 4912 to 4927

February Pork Bellies
Support should appear at 7432 to 7412 and 7342 to 7322
Resistance is at 7487 to 7512 and 7587 to 7602 .

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

November Soybeans
Recommended Open BW Position, Long 2 at 556 3/4 avg
Resistance is at 549 1/2 to 550 3/4 and 555 1/2 to 557 3/4
Support should appear near 543 to 541 3/4 and 535 3/4 to 534 1/2

December Soymeal
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 and 177.4 to 178.0
BW Traders should go long if a close over 173.9 occurs.

December Soybean Oil
Recommended Open BW Position, Long 1996
Resistance is near 2034 to 2042
Support should appear near 1996 to 1982 and 1967

Dec Corn
Recommended Open BW Position, Long 252 1/4
Resistance should appear near 255 1/4 to 256 3/4 and 261 1/4 to 262
Support is at 252 to 251 1/4 and 247 to 246 3/4

December Wheat
Support should appear at 405 3/4 to 404 3/4 then 399 1/4 to 398 1/2 and 393 to 390 3/4
Resistance is at 411 to 412 and the 416 1/4 to 418 1/4 region.

The Satisfying Softs

December Cocoa
Resistance is at 2219 to 2226 and 2267 to 2275
Support should appear near 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 Below that buyers should appear near 2042 to 2034 and 1996 to 1982 .

December Coffee
Support is near 6675 to 6655 and the 6590 to 6575 region.
Below that 6510 to 6480 should contain a decline.
Resistance should appear near 6740 to 6755 and the 6805 to 6835 region.
Beyond that sellers should appear near 6905 to 6920

March Sugar
Support should appear near 694 and 686 to 682
Resistance should appear near 704 to 712.

December Cotton
Support should appear near 4315 to 4305 and 4250 to 4235
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
Wed, October 16th 2002
5:45 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.