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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, Thursday Sept 19th, 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
Sunday Night : "Not for Widows and Orphans" Radio Show

Description of Services Premier Service

Wed , September 18th, 2002
4:30 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)
Recommended Open BW Position Long at 9642
Support should appear at 9706 then 9674 and 9641 to 9625
Resistance is at 9737 and 9779 , beyond that a test of 9821 to 9837 is likely

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 6591 to 6577.. .

December British Pound
Support should appear near 1.5350 to 1.5290 and 1.5226 .
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
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 and 5387
Resistance is at 5461 and the 5492 to 5504 region.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8194 to 8223 and 8300 to 8314.. beyond that sellers should appear near 8391 to 8406.
Support should appear near 8134 to 8119 and 8044 to 8029.

December SP500
Resistance is at 866.80 to 868.30 then 876.20 to 877.70 and 885.60 to 887.10. Beyond that sellers should appear near 893.40 to 896.40.
Support should appear near 858.90 to 856.00and the 849.90 to 848.40 region. Below that buyers should appear near 840.60 to 839.10

Nasdaq Composite
Resistance is at 1253 and 1268 to 1274 and 1289
Support should appear near 1238 to 1232 and the 1202 to 1192 region

December Mini Nasdaq 100
Resistance is at 893.50 to 896.50 then 904.50 to 906.00 and 914.00 to 915.50 then 923.50
Support is at 877.50 to 876.00 and the 859.00 to 856.00, under that buyers should appear near the 850.00 to 848.50 region.

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

Precious Metals

December Gold
Recommended Open BW Position Long at 315.9
Support should appear at 319.40 and the 315.7 to 314.8 region.
Resistance is at the 326.1 to 327.00

BW Traders should go long if a close over 323.8 occurs

December Copper
Support should appear near 6755 to 6740 and the 6675 to 6655 region.
Resistance should appear near 6805 to 6835 and 6905 to 6920.

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 465.0 Beyond that a test of 469.5 to 471.5 is likely.

The Exciting Energies
November Crude Oil
Support should appear near 2952 then 2937 to 2928 and 2883 to 2874
Resistance is at 2990 and the 3036 to 3045 region.

November Natural Gas
Resistance is at 4.110 to 4.120 and the 4.163 to 4.183 region
Support is at 3.992 to 3.982 then 3.920 to 3.909 and 3.867 to 3.858

November Unleaded Gas
Support should appear near 7865 to 7835 then 7780 to 7765 and 7690 to 7675.
Resistance is at 7945 to 7960 and 8025 to 8045, beyond that a test of 8115 to 8135 is likely.

November Heating Oil
Recommended Open BW Position, Long 8005
Resistance is at 8025 to 8045 and 8195 to 8225
Support should appear near 7955 to 7940 and 7865 to 7835 then 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 7232 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 3742 to 3732 and 3682 to 3662
Resistance is at 3807 then 3857 to 3867 and the 3912 to 3932 region

February Pork Bellies
Support should appear at 6922 to 6907 and 6837 to 6807
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 at 557 3/4
Resistance is at 572 3/4 and 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 1996 and 2034 to 2042 .
Support should appear near 1982 and the 1953 to 1946 region.

Dec Corn
Recommended Open BW Position, Long 2 at 283 1/2 avg
Resistance should appear near 275 1/2 to 277 1/2 and the 282 to 282 3/4 region.
Support is at 272 1/2 to 271 3/4 and the 267 1/4 to 266 1/4 region

December Wheat
Recommended Open BW Position, Long 2 at 410 1/2 avg
Support should appear at 412 to 411 then 405 3/4 to 404 3/4 and 399 1/4 to 398 1/4, under that buyers should appear near the 392 3/4 to 390 1/2 region.
Resistance is at 416 1/4 to 418 1/4 and 423 3/4 to 424 3/4

The Satisfying Softs

December Cocoa
Resistance is at 2080 to 2088.
Support should appear near 2042 to 2034 and 2015.

December Coffee
Support is near 6025 then 5955 to 5945 and 5880 to 5855
Resistance should appear near 6100 to 6115 and 6165 to 6190.

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 4370 then 4315 to 4305 and 4250 to 4235
Resistance is at 4425 to 4445 and 4500 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
Wed, September 18th, 2002
5:00 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.