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Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments, Friday Sept 13th, 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

Thursday September 12th, 2002
3:25 PM e.s.t

The ‘Frenzied’ Forex Front

December Yen
Support should appear near 8353 and the 8314 to 8300 region.. Which should contain a decline for a bit..
Resistance should appear near 8391 to 8406 , a close over is friendly and augurs for a test of 8484 to 8499

December Euro Currency (EC)
Support should appear at 9737 to 9706 and 9673. 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.

December Swiss Franc
Recommended Open BW Position Long at 6711
Resistance should appear near 6707 and 6741 to 6755
Support should appear near 6673 to 6659 and the 6591 to 6577 region, which should contain a decline.. .

December British Pound
Support should appear near 1.5512 then1.5426 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 1.5690 to 1.5760 region..     BW Traders should go long if a close over 1.5528 occurs.

December Canadian Dollar
Recommended Open BW Position Long at 6353
Support should appear at 6270 to 6257.
Resistance is at 6337 to 6350.

December Aussie Dollar
Recommended Open BW Position Long at 5484
Support is at 5661 and 5430 to 5418.
Resistance is at 5492 to 5504 and the 5553 to 5577 region

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8391 to 8406 and 8589 then 8668 to 8683. A close over is friendly and augurs for a test of the 8762 to 8777 region. Which should Cap a rally for a bit..
Support should appear near 8314 to 8300 and the 8223 to 8194 region.

December SP500
Resistance is at 893.40 to 896.40 and the 904.40 to 906.00 region. 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..
Support should appear near 887.10 to 885.60, a slip under augurs for a test of 877.70 to 876.220 and the 868.30 to 866.80 region..

Nasdaq Composite
Resistance is at 1289 and 1034 to 1310 and 1334 to 1346
Support should appear near 1274 to 1268 and 1238 to 1232

December Mini Nasdaq 100
Resistance is at 931.50 to 935 and 942.50 to 944.00
Support is at 915.50 to 914.00 and 906.00 to 904.50 and the 896.50 to 893.50 region.

December 10- Year T-Note
Resistance should appear near 113-17 to 113-22 .. Beyond that a test of 114-07 is likely..
Support is at 112-23 and 112-04, under that buyers should appear near 111-23..

Precious Metals

December Gold
Support should appear at 319.40 and 317.60 under that support is at the 315.7 to 314.8 region..
BW Traders can buy at 315.9 and hold for higher prices..

Resistance is at the 321.30 and the 326.0 to 327 region.
BW Traders should go long if a close over 323.8 occurs

December Copper
Support should appear near 7005 to 6990 then 6920 to 6905 and 6835 to 6805
Resistance should appear near 7075 to 7085 and 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 458.5 to 457 and 451.5 to 450.
Resistance is at 463.5 to 465.. Beyond that a test of 469.5 to 471.5 is likely.

                         The Exciting Energies
November Crude Oil
Recommended Open BW Position , Long 2942
Support should appear near 2883 to 2874.Below that Support is at 2829 to 282. Under that buyers should appear near 2775 to 2758 and the 27254 to 2716 region. Which should contain a decline.   BW Traders can buy at 2778 and risk a close under2712 for three days in a row.
Resistance is at 2928 to 2937 .. A close over is friendly and augurs for a test of the 2972 to 2990 region.

November Natural Gas
Resistance is at the 3.795 to 3.806 and the 3.858 to 3.867 region.
Support is at 368.2 to 3.663 and 3.623 to 3.613

November Unleaded Gas
Recommended Open BW Position, Long 7880
Support should appear near 7780 to 7760 then 7690 to 7675 and the 7605 to 7585 region.
BW Traders can buy at 7620 and hold for higher prices .. Below that support is at 7515 to 7485. .. Under that   7345 to 7325 should contain a decline

Resistance is at 7835 to 7865 . A close over is friendly and augurs for a test of 7940 to 7955 and 8025 to 8045. Above that resistance is at 8120 to 8135 and the 8300 to 8315 region. .

November Heating Oil
Recommended Open BW Position, Long 8005
Resistance is at 7835 to 7865 and 7940 to 7960 .
Support should appear near 7765   Under that buyers should appear near 7690 to 7665 and the 7605 to 7585 region .. BW Traders can buy at 7615 and risk a close under 7470 fro three days in a row. Below that support is at 7430 to 7415 .

The Lively Livestock

December Live Cattle
Support should appear near 7172 to 7142 and 7117.

Resistance is at 7242 to 7257 region

December Hogs
Support is at 3747 to 3737 and 3682 to 3662..
Resistance is at 3792 to 3807 and the 3857 to 3867 region.

February Pork Bellies
Support should appear at 6837 to 6807 and 6757 to 6742 .
Resistance is at 6992 to 7002 and the 7072 to 7087 region.

Stay tuned for Livestock and Belly Updates and Flashes-

                   The Grande’ Grains
November Soybeans
Recommended Open BW Position, Long 571
Resistance is at 579 1/4 to 580 1/4 , beyond that a test of 585 1/2 to 588 is likely
Support should appear near 572 1/2 to 571 3/4 .. Below that support should appear near 557 3/4 to 555 1/2
.BW Traders can buy at 557 3/4 and risk a close under 548 3/4 for three days in a row.

December Soymeal
Support should appear near 182.0 to 180.8.
Resistance is at 185.8 to 186.5

December Soybean Oil
Recommended Open BW Position, Long 2045
Resistance is near 2080 to 2088.
Support should appear near 2042 to 2034 and the 1996 to 1982 region.
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 287 1/2 to 288
Support is at 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 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 411 to 412 and 417 to 418 1/2

The Satisfying Softs

December Cocoa
Recommended Open BW Position, Long 1996
Resistance is at 2034 to 2042 and 2080 to 1088.
Support should appear near 2015 then 1996 to 1982 and the 1953 to 1946 region .
BW Traders should go long if a close over 2046 occurs.

December Coffee
Support is near 6035 to 6025 and 5955 to 5935
Resistance should appear near 6165 to 6190 and 6255 to 6270 .

March Sugar
Recommended Open BW Position, Long 640
Support should appear near 634 to 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 645 and 656 to 661.

December Cotton
Support should appear near 4380 to 4370 and 4250 to 4235

Resistance is at 4425 to 445 and 4505 to 4515.

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 September 12th, 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.