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 15th, 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

Observation. Experience, memory and mathematics--These are what a successful trader must depend on. A man can have great mathematical ability and unusual power of accurate observation and yet fail in speculation unless he also possesses the experience and memory. -Reminiscences of a Stock operator-

Thursday, November 15th, 2002
4:35 PM eastern standard time

The ‘Frenzied’ Forex Front
December Yen
Support should appear near 8300 then 8262 and the 8223 to 8194 region.
Resistance should appear near the 8352 and the 8391 to 8406 region

December Euro Currency (EC)
Support should appear at 10021 and 9979
Resistance is at 10037 and 10079

December Swiss Franc
Recommended Open BW Position Long at 6868
Resistance should appear near 6872 and 6906 to 6919.
Support should appear near 6836 to 6809

December British Pound
Support should appear near 1.5760 to 1.5690
Resistance is at 1.5826 and 1.5882

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 5607 and 5577 to 5553
Resistance is at the 5640 to 5653 region

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8560 to 8589. Beyond that sellers should appear near 8668 to 8683 and the 8762 to 8777 region. Which Should cap a rally for the time being..
Support should appear near 8499 to 8484 and the 8406 to 8391 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 914.00 to 915.60 and 931.6 to 934.70 .
Support should appear near 896.40 to 893.40... A close under is negative and augurs for a test of 877.70 to 876.20

Nasdaq Composite
Resistance is at 1415 to 1421 and 1452 to 1459
Support should appear near 1399 and 1383 to 1377

December Mini Nasdaq 100
Resistance is at 1058 to 1068 and 1096 to 1101.
Support is at 1046 to 1032 and 1005 to 1000

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

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 7080 to 7065 a trade under augurs for an eventual test of 7005 to 6990 and the 6920 to 6905 region. .
Resistance should appear near 7140 to 7170 then 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 2469 and 2511 to 2519

December Unleaded Gas
Recommended Open BW Position Long at 7515
Support should appear near 7005 to 6990 and 6835 to 6805
Resistance is at 7140 to 7170 and 7325 to 7345

December Heating Oil
Resistance is at 6835 and 6910 to 6920
Support should appear near 6755 to 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 4502 to 4517 then 4572 to 4582 and 4637 to 4652

February Lean Hogs
Resistance is at 5197 to 5212 and 5257 to 5282
Support is at 5142 to 5127 and 5067 to 5037.

February Pork Bellies
Resistance should appear near 8300 to 8317 and 8392 to 8407
Support is at 8227 to 192 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 , beyond that a test of 579 1/2 to 580 1/2 is likely.
Support should appear near the 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 165.5 to 164.2 and 162.8
Resistance is at 167.1 and the 168.9 to 169.6 region.

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 246 1/4 to 246 3/4
Support is at 241 3/4 to 241 1/4 and 239

December Wheat
Recommended Open BW Position, Long 2 at 402 1/2 avg
Support should appear at 386 3/4 to 385 3/4 and 380 3/4 to 379 1/2
Resistance is at 392 3/4 and the 398 1/4 to 399 1/4 region

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 6415 then 6355 to 6335 and the 6190 to 6165 region.
Resistance should appear near 6485 to 6510 and the 6655 to 6675 region

March Sugar
Recommended Open BW Position, Long 745
Support should appear near 682 and 661 to 656
Resistance should appear near 688 and 704 to 712

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
Thursday, November 14th, 2002
5:45 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.