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 December 6th, 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 December 5th, 2002
3:45 PM , Eastern

The ‘Frenzied’ Forex Front

December Yen
Support should appear near 7991 and 7954 to 7939.. below that 7864 to 7836 should hold..
BWTraders can buy at 7867 and risk a close under 7755 for three days in a row.
Resistance should appear near 8029 to 8044 and 8081

March Yen
Recommended Open BW Position Short at 8017
Support should appear near 8044 to 8029 and 7992
Resistance should appear near 8081 and 8119 to 8134

December Euro Currency (EC)
Support should appear at 9979 and 9937 to 9921
Resistance is at 1.0021 to 1.0037 region. Beyond that sellers should appear near 1.0071 and the 10104 to 10136 region

March Euro Currency (EC)
Recommended Open BW Position Long at 9913
Support should appear at 9937 to 9921
Resistance is at 9779 and 1.0021

December Swiss Franc
Resistance should appear near 6809 to 6836 region.
Beyond that a test of the 6909 to 6919 region is likely to occur.
Support should appear near 6782 and 6755 to 6741.

March Swiss Franc
Recommended Open BW Position Long at 6780
Resistance should appear near 6836.
Support should appear near 6782

March British Pound
Support should appear near 1.5586 and 1.5512
Resistance should appear near the 1.5626 and the 1.5690 to 1.5760 region. .

March Canadian Dollar
Support should appear near 6350 to 6337
BW Traders can buy at 6354 and risk a close under 6332 for three days in a row
Resistance is at 6417 to 6430 and 6456..

March Aussie Dollar
Support is at 5553 and 5529. Under that buyers should appear near 5504 to 5492
Resistance is at the 5577 and 5608
BW Traders should go long if a close over 5579 occurs.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8668 to 8683 and 8762 to 8777
Support should appear near 8589 to 8560 and 8499 to 8484

December SP500
Recommended Open BW Position Short at 891.50
Resistance is at 914.00 to 915.60 and 931.60 to 934.70..Beyond that sellers should appear near 942.90 to 944.50..
Support should appear near 906.00 to 904.40 and the 896.40 to 893.40 region.

Nasdaq Composite
Resistance is at 1421 and 1453 to 1459
Support should appear near 1415 A close under is negative and augurs for a test of the 1383 to 1377.

December Mini Nasdaq 100
Resistance is at 1068 and 1096 to 1101.
Support is at 1058, a close under is negative and augurs for a test of 1036 to 1032

March Ten Year T-Notes
Resistance should appear near 112-07 and 112-23 which should cap a rally for a bit..
Support is at 111-17 then 111-04 and 110-23

Precious Metals

Feb Gold
Recommended Open BW Position Long at 319.1
Support should appear at 321.3 to 319.4 and the 315.7 to 314.8 region. .
Resistance is at the 326.1 to 327.0 region and 331.9 to 332.8

March Copper
Support should appear near 7430 to 7415 and 7345 to 7325
Resistance should appear near 7515 and 7585 to 7605 .

March Silver
Support should appear near 458.5 to 457
Resistance is at 465 and 469.5 to 471.5

The Exciting Energies
January Crude Oil
Recommended Open BW Position Long at 2730
Support should appear near 2724 to 2716 and 2672 to 2663.
Resistance is at 2758 to 2775, beyond that a test of 2820 to 2829 is likely to occur.

January Unleaded Gas
Resistance should appear near 7585 to 7605 and 7665 to 7690 .. beyond that a test of
7760 to 7790 is likely.,
Support is at 7515 to 7485 and 7415 to 7430

January Heating Oil
Resistance is at 7605 and 7665 to 7690.
Support should appear near 7585 and 7515 to 7485

January Natural Gas
Resistance is at 4.446 and 4.505 to 4.515
Support is at 4.385 to 4.370 and 4.315 to 4.305

The Lively Livestock

February Live Cattle
Resistance should appear near 7957 and 8027 to 8047
Support is at 7932 and 7867 to 7832

February Hogs
Recommended Open BW Position, short 2 at 5447 avg
Support is at 5427 to 5417 and 5357 to 5342.
Resistance is at the 5492 to 5507 and 5552 to 5577

February Pork Bellies
Support should appear at 8562 and 8502 to 8487
Resistance is at 8667 to 8682 A close over is friendly and augurs for a test of 8762 to 8777
Aggressive BW traders should go long if a close over 8692 occurs..

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

Jan Soybeans
Recommended Open BW Position, Long 565 3/4
Resistance is at 563 to 565 3/4 and 571 3/4 to 575
Support should appear near 557 3/4 to 554 1/4 and 550 1/2 to 549 1/4

January Soymeal
Recommended Open BW Position, Long 171.4
Support should appear near 164.2 and 161.5 to 160.9
Resistance is at 165.5 and 167.1

January Soybean Oil
Recommended Open BW Position, Long 2267
Resistance is near the 2219 to 2226
Support should appear near 2185 to 2170.

March Corn
Resistance should appear near 237 and 241 1/4 to 342.
Support is at 235 1/2 and 232 1/4 to 231 1/4

March Wheat
Recommended Open BW Position, Long 2 at 383
Support should appear at 3501/2 to 349 1/4
Resistance is at 355 1/4 to 356 1/4

The Satisfying Softs

March Cocoa
Support is at 1868 to 1858 and 1822 to 1808
Resistance should appear near 1909 to 1922 and 1946 to 1953

March Coffee
Recommended Open BW Position, Long 2 at 7260 avg
Support should appear near 7090 to 7070 and 7005 to 6990.. Below that buyers should appear near 6835 to 6805 and the 6755 to 6740 region . BW Traders can buy at 6755 for a bounce and risk a close under 6645 for three days in a row
Resistance should appear near 7140 to 7170 and 7325 to 7345.

March Sugar
Support should appear near the 751 and the 739 to 735 region.
Resistance should appear near 763 to 767 and 791 to 795 .

March Cotton
Recommended Open BW Position, Long 4935
Support should appear near the 4855 to 4845 and the 4785 to 4775 region
Resistance is at 4915 to 4925 and the 4975 to 4995 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, December 5th, 2002
4:35 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.