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 20th, 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

Thursday December 19th, 2002
10:00 PM Eastern Standard Time

March Yen
Support should appear near 8300 and 8223 to 8195
Resistance should appear near 8352 and 8391 to8406

March Euro Currency (EC)
Support should appear at 1.0212 then 10185 and 10137 to 10104
Resistance is at 10262 then 1.0285 and the 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 1.5926 then1.5886 and 1.5826.
Resistance should appear near 1.5982 and the 1.6090 to 1.6150 region

March Canadian Dollar
Support should appear near 6426 to 6417 and 6383
Resistance is at 6430 and 6456.. Beyond that a test of 6483 to 6509 is likely

March Aussie Dollar
Support is at 5607 and 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 8391 to 8406 then 8484 to 8499 and 8560 to 8589
Support should appear near 8314 to 8300 and the 8223 to 8194 region

March SP500
Resistance is at 887.1 and 893.40 to 896.40 then 904.40 to 906.00 and 914.00 to 915.60.
Support should appear near 885.60 and the 877.70 to 876.20 region..

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 113-23 and 114-07
Support is at 113-07 and 112-23.

Feb Gold
Support should appear at the 344.3to 342.5 then 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 349.3 to 350.3 and 355.3 to 356.3

March Copper
Support should appear near 7170 to 7140 and 7090 to 7070
Resistance should appear near 7240 to 7255 then 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 2990 to 2972 and 2937 to 2928.
Resistance is at 3036 to 3045 then 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 5.127 to 5.139 and 5.200 to 5.211.
Support is at 5.067 to 5.036 Below buyers should appear near 4.926 to 4.915 and contain a decline ..

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

February Lean Hogs
Support is at 5142 to 5127 then 5067 to 5037 and 4997.. 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 5197 to 5212 and 5257 to 5282

February Pork Bellies
Support should appear at the 8562 then 8502 to 8487 and the 8407 to 8392 region.. Below that buyers should appear near 8317 to 8302.. BW Traders can buy at 8317 and hold for higher prices…

Resistance is at 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 571 3/4 to 572 1/2
Support should appear near 565 1/2 to 564 and 557 3/4 to 555 1/2

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 2170 to 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 349 1/4 and 344 1/2 to 342 1/2
BW Traders can buy at 340 1/4 for the pull and hold for higher prices..
Resistance is at 355 1/4 to 356 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 6115 to 6100 and 6035 to 6020
Resistance should appear near 6165 to 6190 and 6335 to 6350

March Sugar
Support should appear near 751 then 739 to 735 and 712 to 704.
Resistance should appear near the 763 to 767 region. A close over is friendly and augurs for a test of the 791 to 795. Beyond that sellers should appear near 814 to 823.
BWTraders should go long if a close over 771 occurs.

March Cotton
Support should appear near 4995 to 4975 and the 4930 to 4915 region..
Resistance is at 5035 to 5065 and 5120 to 5145.

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 19th, 2002
11:10 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.