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 November 1st, 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

Thursday, October 31st, 2002
3:30 PM eastern standard time

The ‘Frenzied’ Forex Front
December Yen
Resistance should appear near the 8194 to 8223 region An extended trade over augurs for a test of 8261
and the 8300 to 8314 region. .
Support should appear near 8162 then 8134 to 8119 and 8044 to 8029

December Euro Currency (EC)
Support should appear at 9837 to 9821 and 9779
Resistance is at 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
Resistance is at 6782 and 6809 to 6836
Support should appear near 6755 to 6741 and 6707

December British Pound
Support should appear near1.5586 and 1.5516
Resistance is at 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
Support should appear at 6383 and 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 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 8391 then 8314 to 8300 and 8223 to 8194

December SP500
Resistance is at 885.60 to 887.10 and the 893.40 to 896.40 region. Beyond that sellers should appear near
904.40 to 906.00
Support should appear near 877.70 to 876.20 and the 868.30 to 866.80 region.

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

December Mini Nasdaq 100
Resistance is at 992.00 to 993.50 and 1000 to 1005. Beyond that sellers should appear near 1018.50.
Support is at the 984.00 to 982.50 and 973.50 to 970.50

December Ten Year T-Notes
Resistance should appear near 115-07 and 115-23
Support is at 114-23 and 114-06, under that buyers should appear near 113-23

Precious Metals

December Gold
Recommended Open BW Position Long at 318.1
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 7140 and 7090 to 7075
Resistance should appear near 7170 then 7240 to 7255 and 7324 to 7345

December Silver
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 7515 to 7485 and 7345 to 7325
Resistance is at 7585 to 7605 and 7760 to 7775

December Heating Oil
Resistance is at 7585 to 7605 and 7675 to 7690
Support should appear near 7430 to 7415 and 7345 to 7325

December Natural Gas
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 4.305 to 4.315

The Lively Livestock
December Live Cattle
Resistance should appear near 7327 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
Support is at 7257 to 7242 and 7212

December Hogs
Recommended Open BW Position short 2 at 4135 avg
Support is at 4252 to 4237 and 4182 to 4162
Resistance is at 4317 then 4367 to 4382 and 4422 to 4447

February Lean Hogs
Support is at 4972 then 4917 to 4902 and 4857 to 4842
Resistance is at 4997 then 5037 to 5067 and 5127 to 5142

February Pork Bellies
Support should appear at 7867 to 7837 then 7777 to 7762 and 7687 to 7672
Resistance is at 7937 to 7957 and the 8027 to 8047 region.

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

January Soybeans
Recommended Open BW Position, Long at 546 1/4
Resistance is at 571 3/4 to 573 .
Support should appear near 656 3/4 to 564 and 557 3/4 to 555 1/2

December Soymeal
Recommended Open BW Position, Long 169.7
Support should appear near the 168.9 and 165.5 to 164.2 region..
Resistance is at 171.3 and 173.1 to 173.8

December Soybean Oil
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 399 3/4 to 398 1/2 and 392 3/4 to 390 3/4
Resistance is at 404 3/4 to 405 3/4 and 411 to 412
Aggressive BW Traders should go long if a close over 418 1/2 occurs

The Satisfying Softs

December Cocoa
Support is at 1909 to 1902 and 1869 to 1858
Resistance should appear near 1946 to 1953 and 1982 to 1996

December Coffee
Support is near 6430 to 6415 then 6350 to 6335 and 6270 to 6255
Resistance should appear near 6655 to 6675 and 6740 to 6755

March Sugar
Recommended Open BW Position Long at 715
Support should appear near 735 then 724 and 712 to 704.
Resistance should appear near 739 and the 763 to 767 region
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
Thursday October 31st, 2002
4:30 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.