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 8th, 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, November 7th, 2002
8:30 PM eastern standard time

The ‘Frenzied’ Forex Front
December Yen
Recommended Open BW Position Long at 8259
Support should appear near 8223 to 8194 then 8162 and 8134 to 8119 .
Resistance should appear near 8300 to 8314

December Euro Currency (EC)
Support should appear at 10037 to 10021 and 9979.
Resistance is at 1.0104 to 1.0136 and the 1.0320 to 1.0360 region..

December Swiss Franc
Recommended Open BW Position Long at 6868
Nearby Resistance should appear near 6906 to 6919
Support should appear near 6837 to 6809

December British Pound
Recommended Open BW Position Long at 1.5770
Support should appear near 1.5690 and 1.5626
Resistance is at 1.5760 and 1.5832.

December Canadian Dollar
Support should appear at 6417 and 6383 then 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
BW Traders should go long if a close over 6435 occurs

December Aussie Dollar
Support is at 5607 and 5577 to 5553.
Resistance is at the 5653 and 5684

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Nearby Resistance should appear near 8668 to 8683 and 8762 to 8777. Beyond that resistance is at 8856 to 8871 then 8934 to 8964 and the 9044 to 9060 region.
Support should appear near 8560 and the 8499 to 8484 region

December SP500
Resistance is at 904.40 to 906.00 and 914.00 to 915.60 region. Beyond that sellers should
appear near 923.60
Support should appear near 896.50 to 893.40 and 887.10 to 885.60
BW Traders should go Short if a close under 893.10 occurs.

Nasdaq Composite
Nearby Resistance is at 1377 to 1383 and 1396 then 1415 to 1421
Support should appear near 1346 to 1334

December Mini Nasdaq 100
Resistance is at 1032 to 1036 and 1058 to 1068.00.
Support is at 1005 to 1000 and 993.to to 992.00

December Ten Year T-Notes
Resistance should appear near 114-23 and 115-07
Support is at 114-07 and 113-23 then 113-17 and 113-05.

Precious Metals

December Gold
Recommended Open BW Position Long at 318.1
Nearby Support should appear at 321.3 to 319.4 and 315.7 to 314.8
Resistance is at 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 the 7080 to 7065 region.. Under that 7005 to 6990 should hold
Resistance should appear near 7170 and 7240 to 7255 .

December Silver
Recommended Open BW Position Long at 4.55
Support should appear near 451.5 to 450.0 and 444.5 to 442.5
Resistance is at 457 to 458.5 and 463.5 to 465. 0

The Exciting Energies

December Crude Oil
Recommended Open BW Position Long at 2673
Support should appear near 2519 to 2511
Resistance is at 2552 to 2568

December Unleaded Gas
Recommended Open BW Position Long at 7515
Support should appear near 7005 to 6990 and 6920 to 6905
Resistance is at 7140 to 7170 and 7240 to 7255

December Heating Oil
Recommended Open BW Position Long at 7180
Resistance is at 6990 to 7005 and 7070 to 7090
Support should appear near 6925 to 6910 and 6835 to 6810

December Natural Gas
Resistance is at 3.858 to 3.867 and 3.909 to 3.929.
Support is at 3.795 and 3743 to 3.736 then 3.682 to 3.663

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 4255
Support is at the 4582 to 4572 and 4517 to 4502
Resistance is at 4637 to 4652 and 4692 to 4717

February Lean Hogs
Resistance is at 5257 to 5282 and 5342 to 5357.
Support is at 5212 to 5197 and 5137 to 5127

February Pork Bellies
Resistance should appear near the 8302 to 8317 region. Beyond that sellers should appear
near 8392 to 8407.
Support is at 8227 to 8192 and 8122 to 8117.

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

Jan Soybeans
Recommended Open BW Position Long at 575
Resistance is at 571 3/4 to 572 1/2 and 579 1/2 to 580 1/2
Support should appear near 565 1/2 to 564 and 557 3/4 to 555 1/2

December Soymeal
Support should appear near the 165.5 to 164.2 region
Resistance is at 1.689 to 169.6

December Soybean Oil
Recommended Open BW Position Long at 2236
Resistance is near 2267 to 2275
Support should appear near 2185 to 2179

Dec Corn
Resistance should appear near 241 1/4 to 242 and 246 1/4 to 247
Support is at 237 to 235 1/2

December Wheat
Recommended Open BW Position, Long 2 at 402 1/2 avg
Support should appear at 392 3/4 to 390 3/4 .
Resistance is at 398 1/4 to 399 1/4 .

The Satisfying Softs

December Cocoa
Support is at 1902 to 1909 and 1946 to 1953
Resistance should appear near 1869 to 1858 and 1822 to 1808 .

December Coffee
Recommended Open BW Position Long at 6525
Support is near 6590 to 6570 then 6510 to 6585 and 6430 to 6415.
Resistance should appear near 6670 then 6740 to 6750 and the 6900 to 7005 region..

March Sugar
Recommended Open BW Position, Long 745
Support should appear near 751 and 739 to 735
Resistance should appear near 763 to 767

December Cotton
Recommended Open BW Position Long at 4910
Support should appear near 4715 to 4695 then 4650 to 4635 below that buyers should appear near
4515 to 4505. BW Traders can buy at 4585 and risk a close under 4490 for three days in a row.
Resistance is at 4845 to 4855 and the 4915 to 4925 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, November 7th, 2002
9:30 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.