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Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments, Tuesday Sept 10th, 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
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Description of Services Premier Service

Monday September 9th, 2002
6:00 PM e.s.t

The ‘Frenzied’ Forex Front

December Yen
Support should appear near 8445 and 8406 to 8391.

Resistance should appear near the 8484 to 8499 region.. A close over 8499 is friendly and augurs for a test of 8560 to 8589.

BW Traders should go long if a close over 8502 occurs. Stay tuned for Updates

December Euro Currency (EC)
Support should appear at 9737 to 9707 and 9641 to 9625. BW Traders can buy at 9642 and risk a close under 9625 for three days in a row.

Resistance is at 9779 and the 9821 to 9837 region.
Traders should go long if a close over 9843 occurs

December Swiss Franc
Resistance should appear near 6741 to 6755 and 6782

Nearby Support should appear near 6707. BW Traders can buy at 6711 and hold for higher prices..
Under that buyers should appear near 6673 to 6659 and the 6591 to 6577 region, which should contain a decline.. .

BW Traders should go long if a close over 6786 occurs

December British Pound
Support should appear near 1.5426 and 1.5350 to 1.5290. BW Traders can buy at 1.5356 for a turn higher and hold for higher prices..

Resistance is at 1.5520 and the 1.5690 to 1.5760 region..

BW Traders should go long if a close over 1.5528 occurs.

December Canadian Dollar
Support should appear at 6350 to 6337. Under that 6270 to 6257 should hold.
BW Traders can buy at 6353 for a turn higher and risk a close under 6253 for three days in a row.

Resistance is at 6383 and 6417 to 6430.

BW Traders should go long if a close over 6434 occurs

December Aussie Dollar
Support is at 5418 and 5356 to 5344.. BW Traders can buy at 5388 and risk a close under 5339 for three days in a row.

Resistance is at 5461 and 5492 to 5504.
BW Traders should go long if a close over 5464 occurs.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near the 8560 to 8589 region . Beyond that sellers should appear near the 8668 to 8683 region. A close over is friendly and augurs for a test of the 8762 to 8777 region. Which should Cap a rally for a bit..

Nearby Support should appear near 8499 to 8484 and 8406 to 8391.

December SP500
Nearby Resistance is at 904.40 to 906.00 .. Beyond that sellers should appear near 914.00 to 915.60. and the 931.60 to 934.70 region.. Aggressive BW Traders can sell at 931.20 for a turn lower and hold for lower prices.. Risk a close over 946.70 for three days in a row and stay tuned.. Beyond that resistance is at 952.60 to 964.20 and the 962.50 to 964.10 region , which should cap a rally for a bit.

Nearby Support should appear near 896.40 to 893.4 and 887.10 to 885.60

Nasdaq Composite
Resistance is at 1304 to 1310 .. Beyond that sellers should appear near the 1334 to 1346 region.
Which should Cap a rally for a bit..

Support should appear near 1289, a slip under augurs for a test of 1274 to 1268 .

December Mini Nasdaq 100
Resistance is at 931.50 to 934.50.. A close over is friendly and augurs for a test of the 942.50 to 944.50 and the 952.50 to 954.50 region.
Support is at 923,50 and 916.00 to 914.50..

December 10- Year T-Note
Resistance should appear near 113-07 and 113-23 to 114-07

Support is at 112-17 and 112-04, under that buyers should appear near 111-23..

Precious Metals

December Gold
Support should appear at 321.3 to 319.4 and the 315.7 to 314.8 region.. Below that 310.2 to 309.2 should hold… BW Traders can buy at 315.9 and hold for higher prices..

Resistance is at the 326.0 to 327 region.. A close over 327 is friendly and augurs for a test of 331.9 to 332.8 and eventually the 337.7 to 338.6 region.. BW Traders should go long if a close over 323.8 occurs

December Copper
Support should appear near 6920 to 6905 and 6835 to 6805

Resistance should appear near 6990 to 7005. A close over augurs for a test of a test of 7140 to 7170. Beyond that 7240 to 7255 should cap a rally.. BW Traders can sell at 7235 for a turn lower and risk a close over 7440 for three days in a row.

December Silver
Recommended Open BW Position, Long 460.5
Support should appear near 457 then 451.5 to 450.5 and 444.5 to 443.5

Resistance is at 463.5 to 465 and the 469.5 to 471.5 region.

The Exciting Energies
November Crude Oil
Recommended Open BW Position , Long 2942
Support should appear near 2972 and 2937 to 2928. Below that Support is at 2883 to 2874.

Resistance is at 3036 to 3045.. Beyond that a test of 3092 to 3102 is likely.

November Natural Gas
Resistance is at the 3.858 to 3.867 region. A close over is friendly and augurs for a test of 3.982 to 3.992

Support is at 3.682 to 3.663 and 3.623 to 3.613.

November Unleaded Gas
Recommended Open BW Position, Long 7880
Support should appear near 7865 to 7835 and 7780 to 7760
Resistance is at 7940 to 7955 and 8025 to 8045.

November Heating Oil
Resistance is at 8025 to 8045 and the 8115 to 8135 region. Beyond that sellers should appear near 8195 to 8225 and the 8390 to 8405 region.

Support should appear near 7955 to 7935 and 7865 to 7835 Under that buyers should appear near
7780 to 7765

BW Traders should go long if a close over 7970 occurs.

The Lively Livestock

December Live Cattle
Nearby Support should appear near 7087 to 7072. .. Below that buyers should appear near 7007 to 6992 and the 6922 to 6907 region. BW Traders can buy at 7007 for a bounce and risk a close under 6947 for three days in a row..

Resistance is at 7137 to 7172

December Hogs
Support is at 3567 to 3552 . Below that buyers should appear near 3507 to 3492. BW Traders can buy at 3512 for a turn higher and hold for higher prices..

Resistance is at 3662 to 3682 and 3737 to 3747

February Pork Bellies
Support should appear at 6432 to 6417 and the 6352 to 6337 region .. Below that buyers should appear near 6272 to 6257 .

Resistance is at 6482 to 6507 and 6577 to 6592

Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains
November Soybeans
Recommended Open BW Position, Long 571
Resistance is at 571 3/4 to 572 1/2 and the 579 1/4 to 580 1/2 region..

Support should appear at 565 1/4 to 564 then 557 3/4 to 555 1/2 and 550 1/2 to 549 3/4. Under that buyers should appear near 542 to 541 3/4...BW Traders can buy at 557 3/4 and risk a close under 548 3/4 for three days in a row.

December Soymeal
Recommended Open BW Position, Long 181.4
Support should appear near 180.8 and 178.0 to 177.4.. Below that BW Traders can buy at 173.9 and risk a close under 171.2 for three days in a row.

Resistance is at 182.2 and 185.8 to 186.5.

December Soybean Oil
Resistance is near 2080 to 2088 and 2126 to 2134 ,

Support should appear near 2042 to 2034 and the 1996 to 1982 region. BW Traders can buy at 2045 and risk a close under 1978 for three days in a row.

BW Traders should go long if a close over 2092 occurs.

Dec Corn
Recommended Open BW Position, Long 289 1/2
Resistance should appear near the 292 3/4 to 293 3/4region.. Beyond that a test of 297 1/4 to 299 is likely

Support is at 288 1/4 to 287 1/2 then 282 3/4 to 282 and the 277 1/2 to 276 3/4.
BW Traders can buy at 277 3/4 and hold for higher prices..

December Wheat
Recommended Open BW Position, Long 422
Support should appear at 418 1/2 to 416 1/4 and 412 to 411 .. Below that buyers should appear near
405 3/4 to 404 1/2 and the 399 1/4 to 398 1/2 region. BW Traders can buy at 399 3/4 and hold for higher prices. Risk a close under 389 3/4 for three days in a row.. .

Resistance is at 423 3/4 to 424 3/4 .Beyond that a test of 430 to 431 1/2 is likely

The Satisfying Softs

December Cocoa
Resistance is at 2042 and the 2080 to 2088 region.

Support should appear near 2015 then 1996 to 1982 and the 1953 to 1946 region . BW Traders can buy at 1996 and risk a close under 1942 for three days in a row …

BW Traders should go long if a close over 2046 occurs.

December Coffee
Recommended Open BW Position, Long 6130
Support is near 6035 to 6025 and 5960 to 5945 under that buyers should appear near 5880 to 5855 and 5730 to 5715

Resistance should appear near 6165 to 6190 and 6335 to 6355.

March Sugar
Support should appear near 630 then 621 and 601 to 609 .. Below that buyers should appear near 586 to 582. BW Traders can buy at 594 and hold for higher prices, Risk a close under 570 for three days in a row.

Resistance should appear near 634 and 656 to 661.. Beyond that a test of the 682 to 686 region is likely to occur.. BW Traders should go long if a close over 639 occurs.

December Cotton
Support should appear near 4515 to 4505, a close under augurs for a test of 4445 to 4425 and the 4380 to 4370 region.

Resistance is at 4570 to 4585 and 4635 to 4650.. Beyond that a test of 4775 to 4785 is likely..

BW Traders should go long if a close over 4595 occurs.

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
Monday September 9th, 2002
7:00 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.