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 24th, 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 23rd, 2002
8:00 PM eastern standard time

The ‘Frenzied’ Forex Front

December Yen
Support should appear near the 8044 to 8029 and 7991
Resistance should appear near 8082 and 8119 to 8134
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 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 and 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 6659 to 6673 and 6706
Support should appear near 6626 and the 6591 to 6577 region

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 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

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Nearby Resistance should appear near 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
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, below that a test of 877.70 to 876.20 is likely.

Nasdaq Composite
Nearby Resistance is at 1322 and the 1334 to 1346 region
Support should appear near 1310 to 1304

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 984.00 to 982.50 and 973.50 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 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 438.5 to 437 .
Resistance is at 442.5 to 444.5 ..

The Exciting Energies

December Crude Oil
Recommended Open BW Position Long 2 at 2887 avg
Support should appear near 2829 to 2820 and 2775 to 2758.
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.
Resistance is at 7675 to 7690 and 7765 to 7780

December Heating Oil
Recommended Open BW Position Long at 7785
Resistance is at the 7765 to 7777 and 7835 to 7865
Support should appear near 7665 then 7605 to 7585 and the 7515 to 7480 region

December Natural Gas
Resistance is at 4.503 to 4.514 and 4.580 to 4.595
Support is at 4.446 to 4.425 and 4.385 to 4.370 which should contain a decline for a bit..

The Lively Livestock
December Live Cattle
Support should appear near 7242 and 7212
Resistance is at 7257 and 7325 to 7342

December Hogs
Recommended Open BW Position short at 4015
Support is at 4182 to 4162 and 4122 to 4112
Resistance is at 4237 to 4252 and 4302 to 4317

February Lean Hogs
Support is at 4787 to 4772 and 4717 to 4692
Resistance is at 4842 to 4857 and 4912 to 4927

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 3 at 555 3/4 avg
Resistance is at 555 1/4 to 557 3/4 and the 563 to 565 3/4 region.
Support should appear near 550 1/2 to 549 1/4 and 543 to 541 3/4

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 2 at 2040 avg
Resistance is near 2088 and 2126 to 2134
Support should appear near 2062 and 2042 to 2034

Dec Corn
Resistance should appear near 2511/4 to 252
Support is at 247 to 246 1/4

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

The Satisfying Softs

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

December Coffee
Recommended Open BW Position Long at 6530
Support is near 6415 then 6350 to 6335 and 6190 to 6165
Resistance should appear near 6480 to 6510 and 6575 to 6590

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

BW Traders should go long if a close over 743 occurs

December Cotton
Recommended Open BW Position Long at 4520
Support should appear near 4515 to 4505 then 4445 to 4425 and 4380 to 4370.
Resistance is at 4570 to 4585 and the 4635 to 4650 region.

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 23rd, 2002
9:15 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.