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, Monday October 28th, 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

Saturday, October 26th, 2002
10:15 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 beyond that a test of 8119 to 8134 is likely..

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 an eventual test of the 9821 to 9837 region.

Stay tuned for Updates

December Swiss Franc
Recommended Open BW Position Long 2 at 6727 avg
Resistance is at 6673 and 6706
Support should appear near 6659 then 6626 and the 6591 to 6577 region

December British Pound
Support should appear near 1.5426 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 1.5486 then 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 is at 8445 and 8484 to 8499, Beyond that resistance is at 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 then 8314 to 8300 and 8223 to 8194

December SP500
Resistance is at 904.4 to 906.00 and 914.0 to 915.60.. Beyond that sellers should appear near 923.60 and
931.6o to 934.70
Support should appear near 896.30 to 894.30 and 887.10 to 885.60

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

December Mini Nasdaq 100
Resistance is at 1000 to 1005 then 1018.50 and the 1032 to 1036 region.
Support is at 992.00 then 984.00 to 982.50 and 964.00 to 962.50

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 7140 and 7090 to 7075
Resistance should appear near 7170 and 7240 to 7255

December Silver
Recommended Open BW Position Long at 441.5
Support should appear near 438.5 to 437.0 and 431.5 to 430.0.
Resistance is at 442.5 to 444.5 and 450.5 to 451.5

The Exciting Energies

December Crude Oil
Support should appear near 2672 to 2663 and 2620 to 2612
Resistance is at 2716 to 2724 and 2758 to 2775

December Unleaded Gas
Support should appear near 7585 then 7515 to 7485 and the 7430 to 7415 region.
Resistance is at 7665 to 7690

December Heating Oil
Resistance is at 7415 to 7430 and 7485 to 7515
Support should appear near 7345 to 7325 and the 7170 to 7140 region

December Natural Gas
Recommended Open BW Position Long 4.185
Support is at 4.160 then 4.120 to 4.110 and 4.056 to 4.046
Resistance is at 4.238 to 4.249 and 4.370 to 4.386.

The Lively Livestock
December Live Cattle
Support should appear near 7257 to 7242 and 7212
Resistance is at 7325 to 7342 and 7412 to 7427. BW Traders can sell at 7407 for a turn lower and risk a close over 7522 for three days in a row.

December Hogs
Recommended Open BW Position short at 4015
Support is at 4047 and 3992 to 3982
Resistance is at 4112 to 4122 and 4162 to 4182

February Lean Hogs
Support is at 4517 to 4692 and 4652 to 4637
Resistance is at 4842 to 4857 and 4912 to 4927

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 and the 7937 to 7957 region.

-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..
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 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
Aggressive BW Traders should go long if a close over 418 1/2 occurs

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
Support is near 6835 to 6815 then 6755 to 6740 and 6675 to 6655
Resistance should appear near 6905 to 6920 and 6990 to 7005 .. Beyond that sellers should appear near
7075 to 7090 and 7240 to 7255

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 4650 to 4635 and 4580 to 4570
Resistance is at 4695 to 4715 and 4775 to 4785 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
Saturday, October 26th, 2002
11:55 AM , 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.