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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, Tuesday Sept 17th, 2002
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Description of Services Premier Service

Monday , September 16th, 2002
4:00 PM e.s.t

The ‘Frenzied’ Forex Front

December Yen
Support should appear near 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 8223 then 8261 and the 8300 to 8314 region

December Euro Currency (EC)
Recommended Open BW Position Long at 9642
Support should appear at 9641 to 9625
Resistance is at 9674 and 9706 to 9737.

December Swiss Franc
Recommended Open BW Position Long at 6711
Resistance should appear near 6659 to 6673
Support should appear near 6591 to 6577.. .

December British Pound
Recommended Open BW Position Long at 1.5356
Support should appear near 1.5290 and 1.5226 .
Resistance is at 1.5350 and 1.5426.

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 5430 to 5418.
Resistance is at 5461 then 5492 to 5504

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8391 to 8406 then 8484 to 8499 and the 8560 to 8589 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 1289 and 1304 to 1310 and 1334 to 1346
Support should appear near 1274 to 1268 and 1261.5

December Mini Nasdaq 100
Resistance is at 923.50 then 931.50 to 935 and 942.50 to 944.00
Support is at 906.00 to 904.50 and the 896.50 to 893.50 region.

December 10- Year T-Note
Resistance should appear near 113-23 then 114-07 and 114-22
Support is at 113-17 and 113-07 then 112-23 and 112-04..

Precious Metals

December Gold
Support should appear at 317.60 and the 315.7 to 314.8 region. BW 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 6835 to 6805 and the 6755 to 6740 region
Resistance should appear near 6905 to 6920 and 6990 to 7005.

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 2937 to 2928 and 2883 to 2874
Resistance is at 2972 to 2990

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 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 7865 and 7940 to 7955 .

November Heating Oil
Recommended Open BW Position, Long 8005
Resistance is at 7835 to 7865 and 8025 to 8045
Support 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.
Nearby Resistance is at 7242 to 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 3682 to 3662 and 3622 to 3612
Resistance is at 3732 to 3742 and 3792 to 3807

February Pork Bellies
Support should appear at 6807 and 6757 to 6742 under that buyers should contain a decline for a bit near the 6672 to 6657 region
Resistance is at 6907 to 6922 and 6992 to 7002.

Stay tuned for Livestock and Belly Updates and Flashes-

                   The Grande’ Grains
November Soybeans
Recommended Open BW Position, Long 2 at 564 1/2 avg
Resistance is at 579 1/4 to 580 1/2
Support should appear near 571 1/2 and 565 1/4 to 564

December Soymeal
Support should appear near 182.2 to 180.8 and 178.0 to 177.5 Under that buyers should appear near 173.8.to 173.1 which should contain a decline for a bit..
BW Traders can buy at 173.9 and risk a close under 171.2 for three days in a row.
Resistance is at 185.8 to 186.5

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 282 to 282 3/4
Support is at 277 1/2 to 275 3/4 and 272 1/2 to 271 3/4.

December Wheat
Recommended Open BW Position, Long 2 at 410 1/2 avg
Support should appear at 399 1/4 to 398 1/4 and the 392 3/4 to 390 1/2 region.
Resistance is at 404 3/4 to 404 3/4 and 411 to 412

The Satisfying Softs

December Cocoa
Recommended Open BW Position, Long 2 at 2023 avg
Resistance is at 2080 to 1088.
Support should appear near 2042 to 22034 and 2015.

December Coffee
Support is near 6270 to 6255 and 6190 to 6165
Resistance should appear near 6335 to 6350 and the 6480 to 6510 region. .

March Sugar
Recommended Open BW Position, Long 640
Support should appear near 645 and 634 to 630.
Resistance should appear near 656 to 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
Monday, September 16th, 2002
5:15 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.