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 25th, 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 24th, 2002
3:15 PM eastern standard time

The ‘Frenzied’ Forex Front

December Yen
Recommended Open BW Position Long at 8047
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 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 , an extended trade or close over is friendly and augurs for a test of the 9821 to 9837
region.

Stay tuned for Updates

December Swiss Franc
Recommended Open BW Position Long 2 at 6727 avg
Resistance should appear near 6706 and 6741 to 6755
Support should appear near 6659 then6626 and the 6591 to 6577 region

December British Pound
Support should appear near 1.5482 then 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 8391 to 8406 then 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 8300 then 8223 to 8194 and 81343 to 8119

December SP500
Resistance is at 885.60 to 887.10 then 893.40 to 896.40 and 904.4.to 906.000 . Which should cap a rally for a bit. Beyond that a test of the 914.0 to 915.60 region is likely ..
Support should appear near 877.70 to 876.20 then 868.30 to 866.80 and 858.90 to 856.00

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 973.60 then 982.50 to 984.00 and the 992.00 to 993.50 region.
Support is at 964.00 to 962.50 and 954.50 to 952.50

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
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 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 430.5 .
Resistance is at 437.0 to 438.5.

The Exciting Energies

December Crude Oil
Recommended Open BW Position Long 2 at 2887 avg
Support should appear near 2775 to 2758 and 2724 to 2716
Resistance is at 2820 to 2829 and 2874 to 2883

December Unleaded Gas
Recommended Open BW Position Long at 7705
Support should appear near 7690 to 7675 and 7605 to 7585.
Resistance is at 7765 to 7780 and 7835 to 7865

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
Support is at 4.315 to 4.300 and 4.249 to 4.238
Resistance is at 4.370 to 4.381 and 4.446 to 4.425 .

The Lively Livestock
December Live Cattle
Support should appear near 7212 and 7172 to 7142
Resistance is at 7242 to 7257 and 7325 to 7342

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

February Lean Hogs
Support is at 4652 to 4637 and 4582 to 4572
Resistance is at 4692 to 4717 and 4772 to 4787

February Pork Bellies
Support should appear at 7602 to 7587 then 7512 to 7487 and 7427 to 7412
Resistance is at 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 550 3/4 avg
Resistance is at 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
Recommended Open BW Position, Long 169.7
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

December Soybean Oil
Recommended Open BW Position, Long 2084
Resistance is near 2126 to 2134
Support should appear near 2088 to 2080 and 2062

Dec Corn
Resistance should appear near 251 1/4 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 405 3/4 to 404 3/4 and 399 3/4 to 398 1/2
Resistance is at 411 to 412 and 416 1/4 to 418 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 6740 then 6675 to 6655 and 6595 to 6575
Resistance should appear near 6810 to 6835 and 6905 to 6920

March Sugar
Recommended Open BW Position Long at 715
Support should appear near 696 and the 688 to 682 region.
Resistance should appear near 704 to 712
BW Traders should go long if a close over 743 occurs

December Cotton
Recommended Open BW Position Long at 4520
Support should appear near 4580 to 4570 then 4515 to 4505 and 4445 to 4425.
Resistance is at 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
Thursday, October 24th, 2002
4:15 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.