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, Monday December 9th, 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

Saturday December 7th, 2002
1:30 PM , Eastern

The ‘Frenzied’ Forex Front

March Yen
Recommended Open BW Position Short at 8017
Support should appear near 8081, a close under augurs for a test of 8044 to 8029 and eventually the 7992 region
Resistance should appear near 8119 to 8134 and 8194 to 8223..

March Euro Currency (EC)
Recommended Open BW Position Long at 9913
Support should appear at 10021 to 10021 and 9779
Resistance is at 10071 , beyond that a test of 10104 to 10137 is likely

March Swiss Franc
Recommended Open BW Position Long at 6780
Resistance should appear near 6906 to 6919
Support should appear near 6836 to 6809

March British Pound
Support should appear near 1.5612 and 1.5586
Resistance should appear near the 1.5690 to 1.5760 region. .

March Canadian Dollar
Recommended Open BW Position Long at 6354
Support should appear near 6350 to 6337
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.. beyond that sellers should appear near 8856 to 8871 and cap a rally..
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 1437 and 1453 to 1459
Support should appear near 1421 to 1415 A close under is negative and augurs for another test of the 1383 to 1377 region

December Mini Nasdaq 100
Resistance is at 1068 then 1096 to 1101 and 1130 to 1136
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 112-23 and 113-04 which should cap a rally for a bit..
Support is at 111-23 then 111-17 then 111-04 and 110-23

Precious Metals

Feb Gold
Recommended Open BW Position Long at 319.1
Support should appear at 326.1 and 323.7 , below that 321.3 to 319.4 should hold.
Resistance is at the 329.4 and the 331.9 to 332.8 region..

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 463.5 and 458.5 to 457
Resistance is at 469.5 to 471.5 and 477.5 to 478.5

The Exciting Energies
January Crude Oil
Recommended Open BW Position Long at 2730
Support should appear near 2672 to 2663 and 2620 to 2612
Resistance is at 2716 to 2724 beyond that a test of 2758 to 2775 is likely. .

January Unleaded Gas
Resistance should appear near 7485 to 7515 and 7585 to 7605.
Support is at 7345 to 7325 and 7170 to 7140

January Heating Oil
Resistance is at 7515 and 7585 to 7605
Support should appear near 7430 to 7415 and 7255 to 7240

January Natural Gas
Resistance is at 442.5 to 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 7832 to 7867 and 7932 to 7952
Support is at 7777 to 7762

February Hogs
Support should appear near the 5282 to 5257 region, a close under augurs for a test of 5212 to 5197 and the 5142
Resistance is at the 5342 to 5357 and 5417 to 5432

February Pork Bellies
Nearby Support should appear at 8407 to 8392.. Below that buyers should appear near 8317 to 8202..
BW Traders can buy at 8317 and hold for higher prices…Below that 8227 to 8192 should hold…

Resistance is at 8482 to 8502 then 8562 to 8587 and then region 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 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 161.5 to 160.9
Resistance is at 164.2 to 165.5

January Soybean Oil
Recommended Open BW Position, Long 2267
Resistance is near the 2219 to 2226
Support should appear near 2185 to 2170 and the 2134 to 2126 region.

March Corn
Resistance should appear near 241 1/4 to 342.
Support is at 237 to 2351/2 and 232 1/4 to 231 1/4

March Wheat
Recommended Open BW Position, Long 2 at 383
Support should appear at 356 1.4 to 355 1/4 and 350 1/2 to 349 1/4
Resistance is at 361 1/4 to 362 1/2

The Satisfying Softs

March Cocoa
Support is at 1919 to 1909 and 1868 to 1858
Resistance should appear near 1953 and 1982 to 1996

March Coffee
Recommended Open BW Position, Long 3 at 7090 avg
Support should appear near 6670 to 6655
Resistance should appear near 6740 to 6755 and 6805 to 6835

March Sugar
Support should appear near the 739 to 735 and the 712 to 704
Resistance should appear near 763 to 767 .

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

Saturday, December 7th, 2002
2:35 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.