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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 24th, 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

Monday, September 23, 2002
2:45 PM , e.s.t.

The ‘Frenzied’ Forex Front

December Yen
Support should appear near8044 to 8029 .. Below that buyers should appear near 7865 to 7835 ..
Resistance should appear near the 8194 to 8223

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 9784 occurs

Stay tuned for Updates

December Swiss Franc
Recommended Open BW Position Long at 6708
Nearby Resistance should appear near 6741 to 6755.
Support should appear near 6673 to 6659.
BW Traders should go long if a close over 6759 occurs

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 1.5520 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 6270 to 6257
Resistance is at 6337 to 6350
BW Traders should go long if a close over 6362 occurs

December Aussie Dollar
Recommended Open BW Position Long 2 at 5436 avg
Support is at 5356 to 5344. BW Traders can buy at 5388 and risk a close under 5339 for three days in a row.
Resistance is at 5418 to 5430,
BW Traders should go long if a close over 5437 occurs.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Nearby Resistance should appear near 7902 then 7939 to 7954 and the 8029 to 8044 region . Beyond that resistance is at 8119 to 8134
Nearby Support should appear near 7865 to 7835 and the 7777 to 7762 region.

December SP500
Nearby Resistance is at 839.10 to 840.60 then 844.50 and 848.40 to 849.90 ..
Beyond that sellers should appear near 856 to 858.90 and the 876.20 to 877.70 region.. Aggressive BW Traders can sell at 875.9 for a turn lower and hold for lower prices.. Risk a close over 887.90 for three days in a row and stay tuned.. Beyond that resistance is at 893.40 to 896.40 and the 904.00 to 906.00 region , which should cap a rally for a bit.

Nearby Support should appear near 831.40 to 830.00 and the 822.30 to 819.40 region. Below that buyers should appear near 813.40 to 811.90 and the 804.40 to 802.90 region, which should contain a decline for a bit..

Nasdaq Composite
Nearby Resistance is at 1192 to 1202 and 1232 to 1238. A close over is friendly and augurs for a test of 1253 and the 1268 to 1274 region. Which should Cap a rally for a bit..

Support should appear near 1169 to 1164 .. Below that buyers should appear near 1136 to 1130..

December Mini Nasdaq 100
Resistance is at 848.50 to 850.00 and 856.00 to 859.00 then 866.50 to 868.50
Support is at 831.50 to 830.00 .. A close under is negative and augurs for a test of 813.50 to 811.50 and the 804.50 to 802.50 region.

December Ten Year T-Notes
Resistance should appear near 115-0-7 then 115-23 and 116-07 which should cap a rally for a bit.. However close over is friendly and augurs for a test of 116-22 and 117-07..

Support is at 114-23 and 114-07

Precious Metals

December Gold
Recommended Open BW Position Long at 323.9
Nearby Support should appear at 321.3 to 319.4 and the 315.7 to 314.8 region..
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 327.4 occurs

December Copper
Support should appear near the 6755 to 6740 region.. A close under 6740 is negative and augurs for a test of 6670 to 6655.. Below that buyers should appear near 6590 to 6575 and the 6510 to 6480 region..
BW Traders can buy at 6515 and risk a close under 6320 for three days in a row.

Resistance should appear near 6810 to 6835 and 6905 to 6920

December Silver
Recommended Open BW Position Long at 460.5
Support should appear near 458.5 to 457.0 and 451.5 to 450.5 .

Resistance is at 465 and 469.5 to 471.5, a close over is friendly and augurs for a test of 477.5 to 478.5 Beyond that sellers should appear near 484.5 to 485.5 and the 491.5 to 493.0 region.
BW traders should go long if a close over 473.0 occurs.

The Exciting Energies
November Crude Oil
Support should appear near 3045 to 3036 and 2990 to 2972 under that buyers should appear near 2937 to 2928 Aggressive BW Traders can buy at 2941 and hold or higher prices ..

Resistance is at 3092 to 3102. Beyond that sellers should appear near 3148 to 3157
and the 3194 to 3213 region.

November Natural Gas
Resistance is at 4.183 and the 423.8 to 424.9 region .. Beyond that a test of 4.301 to 4.315 is likely.
Support is at 4.120 to 4.110 and 4.056 to 4.406

November Unleaded Gas
Recommended Open BW Position Long at 8175
Support should appear near 8135 to 8115 and 8045 to 8030 under that buyers should appear near
7955 to 7935.
Resistance is at 8195 to 8220 and the 8300 to 8315 region. . Beyond that sellers should appear near 8390 to 8410 and the 8485 to 8500 region.

November Heating Oil
Recommended Open BW Position, Long at 8005.
Resistance is at 8195 to 8225 and the 8385 to 8405 region.
Support should appear near 8135 to 8115 and 7955 to 7935

The Lively Livestock

December Live Cattle
Nearby Support should appear near 7087 to 7072. .. Below that buyers should appear near 7007 to 6992..
Resistance is at 7142 to 7172...

December Hogs
Support is at 3562 to 3552 and 3507 to 3492. BW Traders can buy at 3512 for a turn higher and hold for higher prices.. Under that support is at 3442 to 3422 and the 3212 to 3192 region.

Resistance is at 3612 to 3622 and 3662 to 3682

February Pork Bellies
Support should appear the 6752 to 6742 region .. Below that buyers should appear near 6672 to 6657 . BW Traders can buy at 6672 and hold for higher prices… Below that 6592 to 6577 should hold

Resistance is at 6807 to 6837 and 6907 to 6922

-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 555 1/2 to 557 1/2
Support should appear at 550 1/2 to 549 3/4. Under that buyers should appear near 542 to 541 3/4 .
BW Traders should go long if a close over 565 3/4 occurs

December Soymeal
Support 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 177.4 to 178.0

BW Traders should go long if a close over 182.6 occurs.

December Soybean Oil
Recommended Open BW Position, Long 2045
Resistance is near 1984 to 1996
Support should appear near 1953 to 1946

BW Traders should go long if a close over 2001 occurs.

Dec Corn
Recommended Open BW Position, Long 277 3/4
Resistance should appear near 255 1/4 to 256 3/4
Support should appear near the 252 to 251 1/2 region

December Wheat
Recommended Open BW Position, Long 2 at 410 1/2 avg
Support should appear near 386 3/4 to 385 3/4
Resistance is at 390 3/4 to 393 1/2 and 398 1/4 to 399 1/4

Aggressive BW Traders should go long if a close over 406 ½ occurs

The Satisfying Softs

December Cocoa
Resistance is at 2134 and the 2170 to 2185 region. Beyond that sellers should appear near 2219 to 2226 and the 2267 to 2275 region

Support should appear near 2088 to 2080 then 2042 to 2034 and the 1996 to 1982 region . BW Traders can buy at 2035 and risk a close under 1942 for three days in a row

BW Traders should go long if a close over 2138 occurs.

December Coffee
Recommended Open BW Position Long at 5585
Support is near 5355 to 5345 and the 5215 to 5200 region
Resistance should appear near 5490 to 5505 and 5550 to 5580

March Sugar
Support should appear near 634 to 630 and 609 to 601..BW Traders can buy at 612 and hold for higher prices.. Risk a close under 579 for three days in a row.

Resistance should appear near 661.. A close over is friendly and augurs for a test of 682 to 686.
BW Traders should go long if a close over 665 occurs.

December Cotton
Support should appear near 4380 to 4370 then 4255 to 4235
Resistance is at 4425 to 4445, a close over is friendly and augurs for a test of 4505 to 4515
BW Traders should go long if a close over 4455 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 23, 2002
3:45 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.