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, Tuesday November 5th, 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

Monday, November 4th, 2002
4:00 PM eastern standard time

The ‘Frenzied’ Forex Front
December Yen
Support should appear near 8162 and 8134 to 8119 .
Resistance should appear near 8223 and 8262
BW Traders should go long if a close over 8229 occurs.

December Euro Currency (EC)
Support should appear at 9937 to 9921 then 9879 and 9837 to 9821 BW Traders can buy at 9881 and risk a close under 9812 for three days in a row. .

Resistance is at 9979 , a close over is friendly and augurs for a test of 1.0021 to 1.0037
BW Traders should go long if a close over 9983 occurs

December Swiss Franc
Nearby Resistance should appear near 6906 to 6919
Support should appear near 6809 then 6782 and 6755 to 6741 , which should contain a decline..
BW Traders can buy at 6758 and risk a close under 6732 for three days in a row.

BW .Traders should go long if a close over 6841 occurs

December British Pound
Support should appear near 1.5526 and 1.5486

Resistance is at 1.5618 and the 1.5690 to 1.5760 region..

December Canadian Dollar
Support should appear at 6417 then 6383 and 6350 to 6337 BW traders can buy at 6354 for a turn higher , risk a close under and the 6302 for three days in a row..
Resistance is at 6430 and 6484 to 6509

December Aussie Dollar
Recommended Open BW Position Long at 5595
Support is at 5577 to 5553 and 5504 to 5492 and 5462 .BW Traders can buy at 5509 and risk a close under 5457 for three days in a row..
Resistance is at the 5640 to 5653.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Nearby Resistance should appear near 8589 and 8668 to 8683 where sellers should appear attempt to Cap an early rally. However a close over is friendly and augurs for a test of the 8762 to 8777 region.. Beyond that resistance is at 8856 to 8871 then 8934 to 8964 and the 9044 to 9060 region.

Support should appear near 8560 then 8499 to 8484 and 8406 to 8391,

December SP500
Nearby Resistance is at 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 906.00 to 904.40 then 896.4 to 893.4 and 877.70 to 872.60

BW Traders should go Short if a close under 893.10 occurs.

Nasdaq Composite
Nearby Resistance is at the 1415 to 1421 region. Beyond that a test of 1453 to 1459 is likely.. Above that sellers should appear near 1484 to 1496 and Cap a Rally.
Support should appear near 1383 to 1377 and 1346 to 1334

December Mini Nasdaq 100
Resistance is at the 1058.00 to 1068.00 region . A close over is friendly and augurs for a test of 1096.00 to 1101.00 .
Support is at 1036 to 1032 then 1005 to 1000 and 993.50 to 992.00 ..

December Ten Year T-Notes
Resistance should appear near 114-07 and 114-23
Support is at 113-23 and 113-05. Under that buyers should appear near 112-23..

Precious Metals

December Gold
Recommended Open BW Position Long at 318.1
Nearby Support should appear at 315.7 to 314.8 and 310.2 to 309.2..
Resistance is at 319.40 to 321.3 and the 326.1 to 327.0 region..
BW Traders should go long if a close over 321.7 occurs

December Copper
Support should appear near 7170 to 7140 and the 7080 to 7065 region..
Resistance should appear near 7325 to 7345 and the 7415 to 7430 region..

December Silver
Support should appear near 444.5 to 442.5 and 438.5 to 437 below that buyers should appear near 431.5 to 430.0. BW Traders can buy at 432.0 and risk a close under 422. 0 for three days in a row..
Resistance is at 450 to 451.5 and 457 to 458.5 .
BW Traders should go long if a close over 452.5 occurs.

The Exciting Energies

December Crude Oil
Recommended Open BW Position Long at 2673
Support should appear near 2672 to 2663 and 2620 to 2612.. Below that Support is at 2568 to 2552. Which should contain a decline.

Resistance is at 2716 to 2724 and the 2758 to 2775 region.
BW Traders should go long if a close over 2728 occurs.

December Unleaded Gas
Support should appear near 7605 to 7585 and 7515 to 7485.
BW Traders can buy at 7515 and hold for higher prices ..
Resistance is at 7765 to 7780 then 7835 to 7865 and the 8025 to 8045 region. .
BW Traders should go long if a close over 7785 occurs.

December Heating Oil
Resistance is at 7325 to 7345 and 7415 to 7430
Support should appear near 7255 to 7240 and 7170 to 7140. Under that buyers should appear near 7005 to 6990. BW Traders can buy at 7180 and Hold for higher prices, risk a close under 7065
for three days in a row.

December Natural Gas
Resistance is at 3.909 to 3.929 and 4.046 to 4.056 .
Support is at 3.806 to 3.795 and 3743 to 3.736

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 7172 to 7142,

December Hogs
Recommended Open BW Position, short 2 at 4135 avg
Support is at the 4252 to 4237 region. below that buyers should appear near 4182 to 4162..

Resistance is at 4307to 4317 then 4372 to 4382 and the 4422 to 4447 region.
BW Traders should go short if a close under 4222 occurs..

February Lean Hogs
Support is at 4992 to 4972 and 4927 to 4912
Resistance is at 5047 to 5067 and the 5127 to 5137 region

Stay tuned for updates..

February Pork Bellies
Support should appear at 7777 to 7762 and 7687 to 7672.. Below that buyers should appear near 7602 to 7587…. BW Traders can buy at 7602 and hold for higher prices…

Resistance is at 7937 to 7957. A close over is friendly and augurs for a test of 8027 to 8047 and the 8117 to 8137 region. Which should Cap a rally ..

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

Jan Soybeans
Recommended Open BW Position, Long 546 1/2
Resistance is at 575 1/2 and 579 1/2 to 580 1/2

Support should appear near the 571 3/4 and 565 1/2 to 564.
BW Traders should go long if a close over 573 1/4 occurs..

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 Below that buyers should appear near 161.5 to 160.9
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 at 2236
Resistance is near 2267 to 2275 and the 2315 to 2322 region .
Support should appear near 2226 to 2219 and 2185 to 2179

Dec Corn
Resistance should appear near 236 1/4 to 247
Support is at 242 to 241 1/4

December Wheat
Recommended Open BW Position, Long 405 3/4
Support should appear at 405 3/4 to 404 3/4 and the 399 1/4 to 398 1/4 region.
BW Traders can buy at 399 1/4 and hold for higher prices..

Resistance is at 411 to 412 and the 416 1/4 to 418 1/4 region..
BW Traders should go long if a close over 418 1/2

The Satisfying Softs

December Cocoa
Support is at 1780 to 1774 and 1738 to 1731
Resistance should appear near 1808 to 1822 and 1858 to 1865 .

December Coffee
Recommended Open BW Position Long at 6525
Support is near 6510 to 6585 then 6430 to 6415 and 6350 to 6335 ..Below that buyers should appear near 6115 to 6105 and the 6035 to 6025 region BW Traders can buy at 6055 for a bounce and risk a close under 5835 for three days in a row

Resistance should appear near the 6575 to 6590 region. Beyond that sellers should appear near 6655 to 6670 region which should Cap a rally for a bit .. However a close over is friendly and augurs for a test of 6740 to 6750 and the 6900 to 7005 region..

March Sugar
Recommended Open BW Position, Long 2 730 avg
Support should appear near 739 to 735 and 712 to 704.

Resistance should appear near 763 to 767, a close over is friendly and augurs
for a test of the 791 to 795 region

December Cotton
Recommended Open BW Position Long at 4910
Support should appear near 4855 to 4845 and 4785 to 4775
Resistance is at 4925 then 4970 to 4995 and 5035 to 5055

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
Monday, November 4th, 2002
5:00 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.