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 23rd, 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

Tuesday, October 22nd, 2002
3:00 PM eastern standard time

The ‘Frenzied’ Forex Front

December Yen
Support should appear near the 7959 to 7934
Resistance should appear near 8029 to 8044
BW Traders should go long if a close over 8047 occurs.

December Euro Currency (EC)
Recommended Open BW Position Long at 9764
Support should appear at 9737 to 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 9779 , a close over is friendly and augurs for a test of 9821 to 9837

Stay tuned for Updates

December Swiss Franc
Recommended Open BW Position Long 2 at 6727 avg
Resistance should appear near 6706 6741 to 6755
Support should appear near 6673 to 6659

December British Pound
Support should appear near 1.5418 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 1.5526 and 1.5586

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 5491 and 5462.. BW Traders can buy at 5432 and risk a close under 5379 for three days in a row.. .
Resistance is at 5504 and 5553 to 5577

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Nearby Resistance should appear near 8484 to 8499 and 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 8406 to 8391 and 8314 to 8300

December SP500
Nearby Resistance is at 890.50 then 893.40 to 896.40.. Beyond that sellers should appear near 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 887.10 to 885.60, below that a test of 877.70 to 876.20 is likely.

Nasdaq Composite
Nearby Resistance is at 1304 to 1310 and 1322..
Support should appear near 1289 and 1274 to 1268

December Mini Nasdaq 100
Resistance is at 970.50 to 974.00 then 982.50 to 984 and 982.50 to 984.00
Support is at 964.0 to 962.50 then 954.50 to 952.50 and 944.50 to 952.50

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 6920 to 6905 and 6835 to 6805
Resistance should appear near 6990 to 7005 then 7075 to 7090 and the 7140 to 7170 region .

December Silver
Recommended Open BW Position Long at 441.5
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 2 at 2887 avg
Support should appear near 2997 then 2775 to 2758 and the 2724 to 2716 region. Which should contain a decline.
Resistance is at 2820 to 2829 and 2874 to 2883

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

December Heating Oil
Recommended Open BW Position Long at 7785
Resistance is at the 7665 to 7690 and 7765 to 7780
Support 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
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 4717 to 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 7602 to 7587 then 7512 to 7487 and 7427 to 7412
Resistance is at 7672 to 7687 then 7762 to 7777. Beyond that sellers should appear near 7832 to 7867

-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 549 1/4 to 550 1/2 and 555 1/4 to 557 3/4
Support should appear near 543 to 541 3/4 and 535 3/4 to 534 1/2
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 2034 to 2042
Support should appear near 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 251 1/4 and 247 to 246 1/4

December Wheat
Recommended Open BW Position Long at 405 3/4
Support should appear at the 399 1/4 to 398 1/4 region and 393 to 390 3/4

Resistance is at 4040 3/4 to 405 3/4 and 411 to 412.

The Satisfying Softs

December Cocoa
Support is at 1982 then 1953 to 1946 and1909 to 1902
Resistance should appear near 1996 and 2034 to 2042 and 2080 to 2088

December Coffee
Recommended Open BW Position Long at 6530
Support is near 6350 to 6335 and 6190 to 6165
Resistance should appear near the 6480 to 6510 .

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 4445 to 4425 and 4380 to 4370.

Resistance is at 4475, a close over is friendly and augurs for a test of 4505 to 4515 and the 4635 to 4650 region. 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
3:55 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.