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, Wed December 11th, 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

Tuesday December 10th, 2002
4:00 PM , Eastern

The ‘Frenzied’ Forex Front

March Yen
Recommended Open BW Position Short at 8017
Support should appear near 8044 to 8029 and 7992
Resistance should appear near 8119 to 8134 and 8164

March Euro Currency (EC)
Support should appear at 10021 and 9779
Resistance is at 10037 and 10071

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 1.5586 and 1.5522
Resistance should appear near the 1.5690 to 1.5760 region. .

March Canadian Dollar
Support should appear near 6350 to 6337
Resistance is at 6417 to 6430 and 6456..

March Aussie Dollar
Recommended Open BW Position Long at 5586
Support is at 5529 and 505 to 5492
Resistance is at 5553 to 5577

The Sensational Stock and Bond Markets

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

December SP500
Recommended Open BW Position Short at 891.50
Resistance is at 904.40 to 906.00 .Beyond that sellers should appear near 914.00 to 915.60.
Support should appear near 896.40 to 893.40

Nasdaq Composite
Resistance is at 1399 and 1415 to 1421
Support should appear near 1383 to 1377 and 1361.50

December Mini Nasdaq 100
Resistance is at 1032 to 1036 and 1047
Support is at 1005 to 1000 and 993.75 to 992.00 a close under is negative and augurs for a test of 983.75 to 982.10

March Ten Year T-Notes
Resistance should appear near 112-23 then 113-04 and 113-23.
Support is at 112-17 and 112-07

Precious Metals

Feb Gold
Recommended Open BW Position Long at 319.1
Support should appear at 323.7 , below that 321.3 to 319.4 should hold.
Resistance is at 326.1 to 327.

March Copper
Support should appear near 7430 to 7415 and 7345 to 7325
Resistance should appear near 7485 to 7515 and 7585 to 7605.

March Silver
Support should appear near 458.5 to 457
Resistance is at 463.5 to 465 and 469.5 to 471.5

The Exciting Energies
January Crude Oil
Recommended Open BW Position Long at 2730
Support should appear near 2758 then 2724 to 2716 and 2672 to 2663
Resistance is at 2775 and 2820 to 2829.

January Unleaded Gas
Resistance should appear near 8025 to 8045 and 8115 to 8140 .
Support is at 7865 to 7835 and 7780 to 7765

January Heating Oil
Resistance is at 7835 to 7865 and 7945 to 7955
Support should appear near 7690 to 7675 and 7605 to 7585

January Natural Gas
Resistance is at 4.639 to 4.650 and 4.775 to 4.785
Support is at 4.582 to 4.571 and 4.514 to 4.503

The Lively Livestock

February Live Cattle
Resistance should appear near 7832 to 7867 and 7937 to 7952
Support is at 7777 to 7762 and 7692 to 7672

February Hogs
Support should appear near 5037 and 4997 to 4972.
Resistance is at 5127 to 5142 and 5197 to 5212

February Pork Bellies
Recommended Open BW Position Long at 8250
Support should appear at 8047 to 8027 and 7957 to 7937.
Resistance is at 8192 to 8222 and 8297 to 8317 .

-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 2185 and 2219 to 2226
Support should appear near 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

March Wheat
Recommended Open BW Position, Long 2 at 383
Support should appear at 349 1/4 and 338 3/4 to 337 3/4
Resistance is at 355 1/2 to 356 1/2

The Satisfying Softs

March Cocoa
Support is at 2042 to 2034 and 2996 to 1982
Resistance should appear near 2088 and 2126 to 2134

March Coffee
Recommended Open BW Position, Long 3 at 7090 avg
Support should appear near 6510 to 6485
Resistance should appear near 6655 to 6670

March Sugar
Support should appear near 738 to 735 and 712 to 704.
Resistance should appear near 751 and the 763 to 767 region .

March Cotton
Recommended Open BW Position, Long 2 at 5005 avg
Support should appear near the 5035 and 4995 to 4975
Resistance is at 5125 to 5145 and the 5200 to 5215 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

Tuesday, December 10th, 2002
4:55 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.