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 22nd, 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

Monday, October 21st, 2002
2:30 PM eastern standard time

The ‘Frenzied’ Forex Front

December Yen
Support should appear near the 7959 to 7934
Resistance should appear near 8044 and 8082 , a close over is friendly and augurs
for a test of 8119 to 8134
BW Traders should go long if a close over 8047 occurs.

December Euro Currency (EC)
Support should appear at 9706 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 9737 , a close over is friendly and augurs for a test of 9821 to 9837
BW Traders should go long if a close over 9741 occurs

Stay tuned for Updates

December Swiss Franc
Recommended Open BW Position Long at 6776
Nearby Resistance should appear near 6659 to 6673
Support should appear near 6591 to 6577
BW Traders should go long if a close over 6677 occurs

December British Pound
Support should appear near 1.5350 to 1.5290
BW Traders can buy at 1.5356 for a turn higher and hold for higher prices..

Resistance is at 1.5426 and 1.5526

December Canadian Dollar
Recommended Open BW Position Long at 6380
Support should appear at 6350 to 6337 and 6305... BW traders can buy at 6308 for a turn higher , risk a close under 6252 for three days in a row..

Resistance is at 6417 to 6430 and the 6484 to 6509 region.

December Aussie Dollar
Recommended Open BW Position Long at 5522
Support is at 5504 to 5491 and 5462.. BW Traders can buy at 5432 and risk a close under 5379 for three days in a row.. .
Resistance is at 5553 to 5577 and the 5640 to 5653 region

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Nearby Resistance should appear near 8560 to 8589 where sellers should appear attempt to Cap an early rally. However a close over is friendly and augurs for a test of the 8668 to 8683 and the 8762 to 8777 region..

Support should appear near 8499 to 8484 and 8406 to 8391

December SP500
Nearby Resistance is at 904.4.to 906.00 and 914.00 to 915.60 . Which should cap a rally for a bit. Beyond that a test of 923.60 and the 931.60 to 934.70 region is likely ..

Nearby Support should appear near 896.40 to 893.40 and 887.10 to 885.60

Nasdaq Composite
Nearby Resistance is at 1322 and the 1334 to 1346 region. Which should Cap a rally for a bit..

Support should appear near 1310 to 1304 and 1289

December Mini Nasdaq 100
Resistance is at 992.00 to 993.50 then 1000.00 to 1005.00 and the 1032.00 to 1036.00 region .
Support is at 984 to 982.50 and 974.00 to 970.50

December Ten Year T-Notes
Resistance should appear near 112-07 and 112-23
Support is at 111-23 and 111-05.

Precious Metals

December Gold
Recommended Open BW Position Long at 323.9
Nearby Support should appear at 310.2 to 309.2 and the 304.50 to 303.40 region..
Resistance is at the 314.8 to 315.7 region.

BW Traders should go long if a close over 315.9 occurs

December Copper
Recommended Open BW Position Short at 6890
Support should appear near 7005 to 6990 and 6920 to 6905
Resistance should appear near 7075 to 7090 and the 7140 to 7170 region .

December Silver
Support should appear near 431.5 to 430.0 and 425 to 423.
Resistance is at 437 to 438.5 and 442.5 to 444.5 ..A close over is friendly and augurs for a test of 457.o to 458.5.. BW Traders should go long if a close over 439 occurs.

The Exciting Energies

December Crude Oil
Recommended Open BW Position Long at 2996
Support should appear near 2829 to 2820. Under that buyers should appear near 2775 to 2758 and the 2724 to 2716 region. Which should contain a decline. BW Traders can buy at 2778 and risk a close under 2712 for three days in a row.
Resistance is at 2874 to 2883

December Unleaded Gas
Recommended Open BW Position Long at 7705
Support should appear near 7605 to 7585 and 7515 to 7485. .. Under that 7345 to 7325 should contain a decline
Resistance is at 7675 to 7690 and 7765 to 7775

December Heating Oil
Recommended Open BW Position Long at 7785
Resistance is at the 7765 to 7780 and the 7835 to 7865 region
Support should appear near the 7690 to 7665 region..Below that buyers should appear near 7605 to 7585 and the 7515 to 7480 region

December Natural Gas
Resistance is at 4.425 to 4.446 and 4.503 to 4.514

Support is at 4.315 to 4.305 which should contain a decline for a bit.. Below support at 4.183 to 4.163
BW Traders can buy at 4.185 for a bounce and hold for higher prices..

The Lively Livestock
December Live Cattle
Nearby Support should appear near 7172 to 7142
Resistance is at the 7242 to 7257 region. which should cap a rally for a bit..
Above that resistance is at 7325 to 7342

December Hogs
Recommended Open BW Position short at 4015
Support is at 3992 to 3982 and the 3932 to 3912 region.
Resistance is at 4047 to 4057 and 4112 to 4122

February Lean Hogs
Support is at 4692 and 4652 to 4637

Resistance is at 4772 to 4787 and the 4842 to 4857 region

February Pork Bellies
Recommended Open BW Position Long at 7605
Support should appear at 7587 and 7512 to 7487

Resistance is at 7672 to 7687 and 7762 to 7777..

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

November Soybeans
Recommended Open BW Position, Long 2 at 556 ¾ avg
Resistance is at 555 1/4 to 557 3/4
Support should appear near the 550 1/2 to 549 1/4 and 543 to 541 3/4
BW Traders should go long if a close over 551 ¾ occurs..

December Soymeal
Support should appear near 169.6 to 168.9 and the 165.5 to 164.2 region.. BW Traders can buy at 169.7 and risk a close under 163.90 for three days in a row.
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 2042 and 2080 to 2088
Support should appear near 2034 and 1996 to 1982

BW Traders should go long if a close over 2045 occurs.

Dec Corn
Resistance should appear near 255 1/2 to 256 3/4
Support is at 252 to 251 1/2

December Wheat
Support should appear at 405 3/4 to 404 3/4 and the 399 1/4 to 398 1/4 region. BW Traders can buy at 405 3/4 and hold for higher prices..

Resistance is at 411 to 412 and 416 1/4 to 418 1/4..
Aggressive BW Traders should go long if a close over 418 ½

The Satisfying Softs

December Cocoa
Support is at 1909 to 1902 then 1865 to 1856 and the 1822 to 1808 region..

Resistance should appear near 1946 to 1953 and 1982 to 1996.

December Coffee
Recommended Open BW Position Long at 6530
Support is near 6510 to 6480 then 6350 to 6335 and 6190 to 6165
Resistance should appear near the 6575 to 6590 region. Beyond that sellers should appear near
6655 to 6670 region which should Cap a rally for a bit .

March Sugar
Recommended Open BW Position Long at 715
Support should appear near 712 to 704 and the 688 to 682 region.
Resistance should appear near 735 to 739

Traders should go long if a close over 743 occurs

December Cotton
Support should appear near 4380 to 4370 and 4315 to 4305. Below that buyers should appear near 4250 to 4235.

Resistance is at 4475, a close over is friendly and augurs for a test of 4505 to 4515 and the 4635 to 4650 region. Beyond that sellers should appear near 4775 to 4785

BW Traders should go long if a close over 4480 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
Monday, October 21st , 2002
3:45 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.