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 30th, 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

Tuesday, October 29th, 2002
6:30 PM eastern standard time

                             The ‘Frenzied’ Forex Front
December Yen
Resistance should appear near 8162 and the 8194 to 8223 region
Support should appear near 8134 to 8119 then 8082 and 8044 to 8029

December Euro Currency (EC)
Recommended Open BW Position Long at 9764
Support should appear at 9779 and 9737 to 9706
Resistance is at 9821 to 9837 and 9879, an extended trade or close over is friendly and augurs for an eventual test of the 9921 to 9937 region.

Stay tuned for Updates

December Swiss Franc
Recommended Open BW Position Long 2 at 6727 avg
Resistance is at 6741 6755 and 6782
Support should appear near 6707 and 6673 to 6659

December British Pound
Support should appear near1.5516 and 1.5468
Resistance is at 1.5586 and the 1.569 to 1.5760 region. A close over is friendly and augurs for a test of 1.6090 to 1.6150. BW Traders should go long if a close over 1.5768 occurs.

December Canadian Dollar
Recommended Open BW Position Long at 6380
Support should appear at 6350 to 6337.
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
Resistance is at 5553 to 5577

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Nearby Resistance is at 8391 to 8406 then 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 8314 to 8300 and 8223 to 8194

December SP500
Resistance is at 885.60 to 887.10 then 893.40 to 896.40 and 904.4 to 906.00.. Beyond that sellers should appear near 914..00 to 915.60 and 923.60
Support should appear near 877.70 to 876.20 and the 868.30 to 866.80 region.

Nasdaq Composite
Nearby Resistance is at 1304 to 1310 then 1322 and 1334 to 1346
Support should appear near 1289 and 1274 to 1268

December Mini Nasdaq 100
Resistance is at 970.50 to 973.50 and 982.50 to 984.00.. Above that resistance is at 992.00 to 993.50 and 1000 to 1005. Beyond that sellers should appear near 1018.50 and the 1032 to 1036 region.
Support is at the 964.50 to 962.50 region... Below that a test of 954.50 to 952.50 is likely. A close under augurs for a test of 944.50 to 942.50 and the 934.50 to 931.50 region.

December Ten Year T-Notes
Resistance should appear near 114-23 and 115-07
Support is at 114-07 then 113-23 and 113-07.

Precious Metals

December Gold
Recommended Open BW Position Long at 321 avg
Nearby Support should appear at 315.7 to 314.8 then 312.8 and 310.2 to 309.2.
Resistance is at 319.4 to 321.3 and 326.1 to 327.1

December Copper
Support should appear near 7005 to 6990 and 6920 to 6905
Resistance should appear near 7075 to 7090 and 7140 to 7170

December Silver
Recommended Open BW Position Long at 441.5
Support should appear near 444.5 to 442.5 and 438.5 to 437.0.
Resistance is at 450.5 to 451.5 and 457.0 to 458.5

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 7430 to 7415 and the 7345 to 7325 region.
Resistance is at 7485 to 7515 and 7585 to 7605

December Heating Oil
Resistance is at 7325 to 7345 and 7415 to 7430
Support should appear near 7255 to 7240 and the 7170 to 7140 region

December Natural Gas
Recommended Open BW Position Long 4.185
Support is at 4.249 to 4.238 then 4.180 to 4.160 and 4.120 to 4.110
Resistance is at 4.304 to 4.315 and 4.370 to 4.386

The Lively Livestock
December Live Cattle
Support should appear near 7172 to 7142 and 7112
Resistance is at 7212 then 7242 to 7257.

December Hogs
Recommended Open BW Position short at 4015
Support is at 3992 to 3982 and 3932 to 3907
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 4842 to 4857

February Pork Bellies
Support should appear at 7687 to 7672 and the 7602 to 7586 region.
Resistance is at 7762 to 7777 and the 7837 to 7867region. Beyond that sellers should appear near the 7937 to 7957 region.

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

January Soybeans
Recommended Open BW Position, Long 2 at 546 1/4
Resistance is at 557 3/4 and the 564 to 565 1/4 region.
Support should appear near 555 1/2 then 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 the 165.5 to 164.2 region..
Resistance is at 168.9 to 169.7

December Soybean Oil
Recommended Open BW Position, Long 2084
Resistance is near 2185 and the 2219 to 2226 region.
Support should appear near 2170 then 2152 and the 2134 to 2126 region.

Dec Corn
Resistance should appear near 249 and 251 1/4 to 252
Support is at 247 to 246 1/4 and 244

December Wheat
Recommended Open BW Position Long at 405 3/4
Support should appear at 412 to 411 then 405 3/4 to 404 3/4 and 399 3/4 to 398 1/2
Resistance is at 416 1/4 to 418 1/4 and the 423 3/4 to 424 3/4 region
Aggressive BW Traders should go long if a close over 418 1/2 occurs

The Satisfying Softs

December Cocoa
Support is at 1869 to 18587 and 1822 to 1808
Resistance should appear near 1902 to 1909 and 1946 to 1953

December Coffee
Support is near 6270 to 6255 and the 6115 to 6105 region
Resistance should appear near 6335 to 6350 and 6415 to 6430

March Sugar
Recommended Open BW Position Long at 715
Support should appear near 712 to 704 and 696.
Resistance should appear near 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 4580 to 4570 and 4515 to 4505
Resistance is at 4635 to 4650 then 4695 to 4715 and 4775 to 4785.

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
Tuesday, October 29th, 2002
7:30 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.