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 19th, 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

The ‘Frenzied’ Forex Front

Wed December 18th, 2002
2:35 PM Eastern Standard Time

March Yen
Support should appear near 8223 to 8195
Resistance should appear near 8300 to 8314

March Euro Currency (EC)
Support should appear at 1.0212 then 10185 and 10137 to 10104
Resistance is at 1.0285 and 1.0320 to 1.0360 region. .

March Swiss Franc
Resistance should appear near 7038 and the 7074 to 7088 region
Support should appear near 7003 to 6990 and 6954.

March British Pound
Support should appear near 1.5886 and 1.5826.
Resistance should appear near 1.5912 and 1.6090 to 1.6150

March Canadian Dollar
Support should appear near 6417 and 6383
Resistance is at 6456.. Beyond that a test of 6483 to 6509 is likely

March Aussie Dollar
Support is at 5577 to 5553.
Resistance is at the 5640 to 5653 region ..
BW Traders should go long if a close over 5657 occurs.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8484 to 8499 and 8560 to 8589
Support should appear near 8406 to 8391 and the 8314 to 8300

March SP500
Resistance is at 893.40 to 896.40 then 904.40 to 906.00 and 914.00 to 915.60.
Support should appear near 887.10 to 885.60 and the 877.70 to 876.20

Nasdaq Composite
Nearby Resistance is at the 1377 to 1383 and the 1415 to 1421 region
Support should appear near 1346 to 1334

March Mini Nasdaq 100
Resistance is at 1032 to 1036 and 1058 to 1068.
Support is at 1005 to 1000 and 984.00 to 982.00

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

Feb Gold
Support should appear at the 338.6 to 337.7 and 332.8 to 331.9. Below that 327 to 326.1 should
contain a decline. BW Traders can buy at 327.1 for a bounce and hold for higher prices..
Resistance is at 344.3 and 349.3 to 350.3

March Copper
Support should appear near 7240 and 7170 to 7140
Resistance should appear near 7325 to 7345 and 7415 to 7430.

March Silver
Support should appear near 465 to 463.5 and the 458.5 to 457 region.
Resistance is at 469.5 to 471.5 and 477.5 to 478.5

The Exciting Energies

Feb Crude Oil
Support should appear near 3036 then 2990 to 2972 and 2937 to 2928.
Resistance is at 3092 to 3102 and 3148 to 3157

Feb Unleaded Gas
Resistance should appear near 8760 to 8780 then 8935 to 8965 and the 9044 to 9060 region
Support is at 8590 to 8560 and 8405 to 8390 which should hold.

Feb Heating Oil
Resistance is at 8665 to 8685 and 8855 to 8870
Support should appear near 8500 to 8485 and 8315 to 8300.

Feb Natural Gas
Resistance is at 5.259 to 5.282 and 5.344 to 5.356.
Support is at 5.211 to 5.200 and 5.139 to 5.127 ..

The Lively Livestock
February Live Cattle
Resistance should appear near 7832 to 7867 and 7937 to 7957
Support is at 7777 to 7762 and 7712

February Lean Hogs
Support is at 5067 to 5037 and the 4997 to 4972 region, which should hold.. BW Traders can buy at 5002 for a turn higher and hold for higher prices.. Risk a close under 4907 for three days in a row.
Resistance is at the 5127 to 5142 and 5197 to 5212

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

Resistance is at 8482 to 8502 then 8562 to 8587 and the 8667 to 8682 region. 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 at 565 3/4
Resistance is at 564 to 565 1/2 and 571 3/4 to 572 1/2
Support should appear near 557 3/4 to 555 1/4 and 550 1/2 to 549 1/4.
Under that buyers should appear near 543 to 541 3/4.

March Soymeal
Support should appear near 161.5 to 160.9.. Below that buyers should appear near 157.6 to 156.9
Resistance is at `164.2 to165.5

March Soybean Oil
Recommended Open BW Position Long at 2138
Resistance should appear near 2185 and 2219 to 2226
Support should appear near 2134 to 2126 and 2088 to 2080.

March Corn
Resistance should appear near 241 1/4 to 242
Support is at the 237 to 235 1/2 region.

March Wheat
Recommended Open BW Position Long at 361 1/2
Support should appear at t 355 1/2 region and 350 1/2 to 349 1/4
Resistance is at 361 1/4 to 362 1/4 and 366 1/2 to 368 1/4.

The Satisfying Softs
March Cocoa
Support is at 2042 to 2034 and the 1996 to 1982 region..
Resistance should appear near 2080 to 2088 , a close over is friendly and augurs for a test of 2126 to 2134

March Coffee
Support is near 6190 to 6165 and 6035 to 6020
Resistance should appear near 6335 to 6350 . Beyond that sellers should appear near
6655 to 6675 which should Cap a rally for a bit ..

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

March Cotton
Support should appear near the 5035 and the 4930 to 4915 region..
Resistance is at 5120 to 5145 and 5200 to 5215 .

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 18th, 2002
3:35 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.