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 12th, 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 11th, 2002
7:30 PM eastern standard time

The ‘Frenzied’ Forex Front
December Yen
Recommended Open BW Position Short at 8391
Support should appear near 8354 and 8314 to 8300 and 8223 to 8194.
Resistance should appear near the 8391 to 8406 region and 8445

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

December Swiss Franc
Recommended Open BW Position Long at 6868
Resistance should appear near 6919 and 6990 to 7003.
Support should appear near 6906 and 6837 to 6809

December British Pound
Support should appear near 1.5760 to 1.5690
Resistance is at 1.5912 and 1.6090 to 1.6150

December Canadian Dollar
Recommended Open BW Position Long at 6354
Support should appear at 6337 and 6305 .
Resistance is at 6350 and 6382

December Aussie Dollar
Support is at 5577 to 5553
Resistance is at 5607 and the 5640 to 5653 region

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8391 to 8406 and 8445. Beyond that resistance is at 8484 to 8499.
Support should appear near the 8314 to 8300 region.. An extended slip , or close under is negative and augurs for test of 8223 to 8194.

December SP500
Recommended Open BW Position Short at 891.50
Resistance is at 877.70 then 881.60 and 885.60 to 887.10.. Beyond that sellers should appear near the 893.40 to 896.40 region.
Support should appear near 876.20 and the 868.30 to 866.80 region... A close under is negative and augurs for a test of 858.90 to 856.00 and the 849.90 to 848.40 region....

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

December Mini Nasdaq 100
Resistance is at 978.00 then 982.00 to 983.50 and 992.00 to 993.50.
Support is at 973.50 to 970.50 and 964.00 to 962.50

December Ten Year T-Notes.
Resistance should appear near 115-23 and 116-07
Support is at 114-23 and 114-07.

Precious Metals

December Gold
Recommended Open BW Position Long 2 at 319.9 avg
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..

December Copper
Support should appear near the 7170 to 7140 and the 7080 to 7065 region..
Resistance should appear near 7240 to 7255 and 7325 to 7345

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
Support should appear near 2568 to 2552 and 2519 to 2511
Resistance is at 2612 to 2620 and 2663 to 2672

December Unleaded Gas
Recommended Open BW Position Long at 7515
Support should appear near 7080 to 7065 and 7005 to 6990
Resistance is at 7140 to 7170 then 7240 to 7255 and 7325 to 7345

December Heating Oil
Resistance is at 6990 to 7005
Support should appear near 6905 then 6835 to 6810 and 6755 to 6740

December Natural Gas
Resistance is at 3.858 to 3.867
Support is at 3.743 to 3.736

The Lively Livestock
December Live Cattle
Resistance should appear near 7327 to 7342 and 7412. 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 4652 to 4637 and 4582 to 4572
Resistance is at 4692 to 4717 and 4777 to 4787

February Lean Hogs
Resistance is at 5417 to 5432 and 5492 to 5507
Support is at 5357 to 5342 and 5282 to 5257

February Pork Bellies
Resistance should appear near 8302 to 8317 and 8392 to 8407.
Support is at 8227 to 8192 and 8137 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 1/4 to 564 and the 557 3/4 to 555 1/2 region. Below that 550 1/4 to 549 1/2 should contain a decline. BW Traders can buy at 550 3/4 and risk a close under 541 ¼ for three days in a row..

December Soymeal
Support should appear near 162.8 and 161.5 to 160.9
Resistance is at 165.5 and 167.1

December Soybean Oil
Recommended Open BW Position Long at 2236
Resistance is near 2267 to 2275 and 2315 to 2322
Support should appear near 2226 to 2219 and 2185 to 2179

Dec Corn
Resistance should appear near 237and 239
Support is at 235 1/2 and 232 1/4 to 231 1/2

December Wheat
Recommended Open BW Position, Long 2 at 402 1/2 avg
Support should appear at 380 3/4 to 379 1/2 and 374 1/4 to 373 1/2
Resistance is at 385 3/4 to 386 3/4 and 390 3/4 to 392 3/4

The Satisfying Softs

December Cocoa
Support is at 1822 to 1808 and 1780 to 1774
Resistance should appear near 1858 to 1865 and 1902 to 1909

December Coffee
Recommended Open BW Position Long at 6525
Support is near 6595 to 6570 and 6510 to 6485 .
Resistance should appear near 6655 to 6675 and 6740 to 6750

March Sugar
Recommended Open BW Position, Long 745
Support should appear near 723 and 712 to 704
Resistance should appear near 735 to 739 and 751

December Cotton
Recommended Open BW Position Long at 4910
Support should appear near 4785 to 4775 and 4715 to 4695
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
Monday, November 11th, 2002
8:25 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.