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 December 12th, 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

Wed December 11th, 2002
7:00 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 8134 and 8164

March Euro Currency (EC)
Support should appear at 10037 to 10021 and 9779
Resistance is at 10071 and 10104

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 1.5626 then 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 5553 and 5529
Resistance is at 5577 and 5607

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8628 then 8668 to 8683 and 8762 to 8777
Support should appear near 8560 and 8499 to 8484

December SP500
Recommended Open BW Position Short at 891.50
March SP500
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

March Mini Nasdaq 100
Resistance is at 1047 and 1058 to 1068
Support is at 1036 to 1032 and1015.5

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

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 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 2775 and 2820 to 2829.

January Unleaded Gas
Resistance should appear near 7765 to 7780 and 7835 to 7865 .
Support is at 7690 to 7665 and 7605 to 7585

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 4.775 to 4.785 and 4.845 to 4.856
Support is at 4.650 to 4.639 and 4.582 to 4.571

The Lively Livestock

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

February Hogs
Support should appear near 5212 to 5197 and 5142 to 5127 .
Resistance is at 5257 to 5282 and 5342 to 5357

February Pork Bellies
Recommended Open BW Position Long at 8250
Support should appear at 8407 to 8392 and 8317 to 8297 .
Resistance is at 8482 to 8502 and 8657 to 8587, beyond that a test of 8667 to 8682 is likely. 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 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 1996 to 1982 and 1953 to 1946
Resistance should appear near 2034 to 2042 and 2080 to 2088

March Coffee
Recommended Open BW Position, Long 3 at 7090 avg
Support should appear near 5955 to 5945 and 5880 to 5855
Resistance should appear near 6335 to 6350

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 4995 to 4975 and 4925 to 4915
Resistance is at 5035 to 5065 then 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

Wed, December 11th, 2002
8:15 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.