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, Thursday November 14th, 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

"Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable - ranks high. There are certain chances that the most prudent man is justified in taking - chances that he must take if he wishes to be more than a mercantile mollusk--" Reminiscences of a Stock operator--

Wed, November 13th, 2002
8:45 PM eastern standard time

The ‘Frenzied’ Forex Front
December Yen
Recommended Open BW Position Short at 8391
Support should appear near 8314 to 8300 then 8262 and the 8223 to 8194 region.
Resistance should appear near the 8391 to 8406 region and 8445

December Euro Currency (EC)
Support should appear at 10037 to 10021.
Resistance is at 10104 to 10136

December Swiss Franc
Recommended Open BW Position Long at 6868
Resistance should appear near 6906 to 6919.
Support should appear near 6837 to 6809
Buy this Dip and be long as an eventual rally towards 7300 in 2003 is not out of the cards

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 6305 and 6170 to 6257
Resistance is at 6337 to 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 8406 then 8445. Beyond that sellers should appear near 8484 to 8499 and the 8560 to 8589 region.
Support should appear near 8354 and 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 885.60 to 887.10.. Beyond that sellers should appear near the 893.40 to 896.40 region.
Support should appear near 877.70 to 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 1377 to 1383 and 1399
Support should appear near 1346 to 1334 and 1310 to 1304

December Mini Nasdaq 100
Resistance is at 1018.5 and the 1032 to 1036 region..
Support is at 1005 to 1000 then 993.50 to 992.00 and 983.50 to 982.00

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

Precious Metals

December Gold
Recommended Open BW Position Long 2 at 319.9 avg
Support should appear at 315.7 to 314.8
Resistance is at the 321.3 and 323.7 .

December Copper
Support should appear near 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
Resistance is at 457 to 458.5 and 463.5 to 465. 0

The Exciting Energies

Jan Crude Oil
Support should appear near 2419 to 2411
Resistance is at 2461 to 2469 and 2511 to 2519

December Unleaded Gas
Recommended Open BW Position Long at 7515
Support should appear near 6835 to 6805 and 6755 to 6740
Resistance is at 6990 to 7005 and 7140 to 7170

December Heating Oil
Resistance is at 6805 to 6835 and 6910 to 6920
Support should appear near 6740 and 6675 to 6655

December Natural Gas
Resistance is at 3.909 to 3.929 and 3.982 to 3.992
Support is at 3.867 to 3.858 and 3.806 to 3.795

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 4447 to 4427 and 4382 to 4372
Resistance is at 4572 to 4582 and 4637 to 4652

February Lean Hogs
Resistance is at 5257 to 5282 and 5342 to 5357
Support is at 5212 to 5197 and 5142 to 5127

February Pork Bellies
Resistance should appear near 8197 to 8227 and 8300 to 8317
Support is at 8137 to 8117 and 8047 to 8022.

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

Jan Soybeans
Recommended Open BW Position Long at 575
Resistance is at 564 to 565 1.2 and 571 3/4 to 572 1/2
Support should appear near 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 241 1/4 to 241 3/4 and 246 1/4 to 246 3/4
Support is at 239 and 237 to 235 1/2

December Wheat
Recommended Open BW Position, Long 2 at 402 1/2 avg
Support should appear at 379 1/2 then 374 1/4 to 373 1/2 and 368 1/4 to 366 1/4
Resistance is at 385 3/4 to 386 3/4, beyond that a test of 390 3/4 to 392 3/4 is likely

The Satisfying Softs

March Cocoa
Support is at 1696 to 1682 and 1655 to 1642
Resistance should appear near 1731 to 1738 and 1774 to 1780

December Coffee
Recommended Open BW Position Long at 6525
Support is near 6335 and 6190 to 6165 .
Resistance should appear near 6415 to 6430 and 6485 to 6510

March Sugar
Recommended Open BW Position, Long 745
Support should appear near 661 to 656
Resistance should appear near 682 to 688

December Cotton
Recommended Open BW Position Long at 4910
Support should appear near 4715 to 4695 and 4650 to 4635
Resistance is at 4775 to 4785 and 4845 to 4855

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
Wed, November 13th, 2002
10:00 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.