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Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500-
Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments, Monday Sept 16th, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Description of Services Premier Service

Friday , September 13th, 2002
3:55 PM e.s.t

The ‘Frenzied’ Forex Front

December Yen
Support should appear near 8223 to 8194 and the 8134 to 8119 region…. Which should contain a decline for a bit.. BW Traders can buy at 8137 for a bounce and risk a close under 8023 for three days in a row.

Resistance should appear near 8261 and the 8300 to 8314 region

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

December Swiss Franc
Recommended Open BW Position Long at 6711
Resistance should appear near 6659 to 6673
Support should appear near 6626 and the 6591 to 6577 region, which should contain a decline.. .

December British Pound
Support should appear near 1.5350 to 1.5290.   BW Traders can buy at 1.5356 for a turn higher and hold for higher prices..
Resistance is at 1.5522 and 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 8353 and 8391 to 8406..A close over is friendly and augurs for a test of the 8484 to 8499 region. Which should Cap a rally for a bit..
Support should appear near 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 1304 to 1310 and 1334 to 1346
Support should appear near 1289 and 1274 to 1268

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 113-22 and 114-07..
Support is at 113-07 then 112-23 and 112-04..

Precious Metals

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

Resistance is at the 319.4 to 321.30.
BW Traders should go long if a close over 323.8 occurs

December Copper
Support should appear near 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 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 2990 to 2972 and 2937 to 2928
Resistance is at 3036 to 3045 and 3092 to 3102

November Natural Gas
Resistance is at 3.858 to 3.867 and the 3.909 to 3.929 region. .
Support is at 3.806 to 3.795 and 3.743 to 3.736

November Unleaded Gas
Recommended Open BW Position, Long 7880
Support should appear near 7955 to 7945 and 7780 to 7760.  Under that BW Traders can buy at 7620 and hold for higher prices .. Below that support is at 7515 to 7485. ..
Resistance is at 025 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 8115 to 8135 and 8195 to 8225
Support should appear near 7865 to 7835.. 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 7207 and 7172 to 7142.

Nearby Resistance is at 7257.. Beyond that sellers should appear near 7337 to 7342 which should cap a rally for a bit..BW Traders can sell at 7332 for a turn lower and risk a close over 7442 for three days in a row.

December Hogs
Support is at 3747 to 3737 and 3682 to 3662..
Resistance is at 3807 and the 3857 to 3867 region. Beyond that resistance should appear near
4042 to 4057

February Pork Bellies
Support should appear at 6922 to 6907 then 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 571 3/4 to 572 3/4
Support should appear near 564 and 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 178.0 to 177.5 and 173.8.to 173.1 which should contain a decline for a bit.. Traders can buy at 173.9 and risk a close under 171.2 for three days in a row.
Resistance is at 180.8 to 182.2

December Soybean Oil
Recommended Open BW Position, Long 2045
Resistance is near 2034 to 2042 .
Support should appear near the 1996 to 1982 region.
BW Traders should go long if a close over 2092 occurs.

Dec Corn
Recommended Open BW Position, Long 2 at 283 1/2 avg
Resistance should appear near 276 3/4 to 277 1/2 and 282 to 282 3/4
Support is at 272 1/2 to 271 3/4.

December Wheat
Recommended Open BW Position, Long 410 1/2 avg
Support should appear at 392 3/4 to 390 1/2 and 386 3/4 to 385 3/4
Resistance is at 398 1/4 to 399 1/4 and 404 3/4 to 404 3/4

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 656 then 645 and 634 to 630.
Resistance should appear near 661 and the 682 to 686 region. .

December Cotton
Support should appear near 4250 to 4235 and 4185 to 4160

Resistance is at 4370 to 4380 and 4425 to 4445 .

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
Friday September 13th, 2002
4:45 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.