FuturesCom Investment Publications Since 1989 Economic and Investment Trend Analysis Since 1979

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

FuturesCom Investment Publications
Morning Comments, Wed Sept 25th, 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
Description of Services Premier Service

"Accomplishments will prove to be a journey, not a destination"
--Dwight D. Eisenhower--

Tuesday, September 24, 2002
7:00 PM , e.s.t.

The ‘Frenzied’ Forex Front

December Yen
Support should appear near 8139 to 8119 and 8044 to 8029.
Resistance should appear near the 8194 to 8223

December Euro Currency (EC)
Support should appear at 9779 then 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 9821 to 9837 and 9879
Traders should go long if a close over 9784 occurs

Stay tuned for Updates

December Swiss Franc
Recommended Open BW Position Long at 6708
Resistance should appear near 6741 to 6755 then 6781
Support should appear near 6708 and 6673 to 6659.
BW Traders should go long if a close over 6759 occurs

December British Pound
Support should appear near 1.5426 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 1.5594 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 5389 and 5356 to 5344.
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
Resistance should appear near 7763 to 7777 and 7836 to 7864 then 7939 to 7954 and
the 8029 to 8044 region.
Support should appear near 7675 and the 7602 to 7587 region. .

December SP500
Resistance is at 822.30 and 830.oo to 831.60. Beyond that sellers should appear near 839.1 to 840.60
and the 8848.40 to 849.90 region.

Support should appear near 819.40. 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
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 115-23 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 115-07 and 114-23 then 114-07

Precious Metals

December Gold
Recommended Open BW Position Long at 323.9
Nearby Support should appear at 327 to 326.1 then 321.3 to 319.4 and the 315.7 to 314.8 region..
Resistance is at 331.9 to 332.8 and 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 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 6740 to 6755 and 6810 to 6835

December Silver
Recommended Open BW Position Long at 460.5
Support should appear near 465 to 463.5 and 458.5 to 457.0 .

Resistance is at 469.5 to 471.5, a close over is friendly and augurs for a test of 477.5 to 478.5 .
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 3.982 to 3.992 then 4046 to 4.056 and the 4.110 to 4.120 region.
Support is at 3.929 to 3.909 and 3.806 to 3.795

November Unleaded Gas
Recommended Open BW Position Long at 8175
Support should appear near 8045 to 8030 and 7955 to 7935.. Under that buyers should appear near
7865 to 7835.
Resistance is at 8115 to 8140 then 8195 to 8220 and the 8300 to 8315 region..

November Heating Oil
Recommended Open BW Position Long at 8160
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 36872 to 3662 then 3622 to 3612 and 3562 to 3552. Under that buyers should appear near 3507 to 3492. BW Traders can buy at 3512 for a turn higher and hold for higher prices..
Resistance is at 3732 to 3742 and 3792 to 3807.

February Pork Bellies
Support should appear the 7002 to 6992 and 6922 to 6907
Resistance is at 7072 to 7087 and the 7142 to 7172 region. Beyond that sellers should appear near
7242 to 7257

-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 564 to 565 1/2 and 571 3/4 to 572 1/2
Support should appear at 557 3/4 to 555 1/4 and 550 1/2 to 549 3/4.
BW Traders should go long if a close over 565 3/4 occurs

December Soymeal
Support should appear near 178.0 to 177.4 and 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 180.8 to 182.2
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 261 1/4 to 262
Support should appear near the 256 3/4 to 255 1/2 region

December Wheat
Recommended Open BW Position, Long 2 at 410 1/2 avg
Support should appear near 399 1/4 to 398 1/4 and 393 1/2 to 390 3/4
Resistance is at 404 3/4 to 405 3/4 and 411 to 412
Aggressive BW Traders should go long if a close over 406 ½ occurs

The Satisfying Softs

December Cocoa
Resistance is at 2126 to 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 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 4350 to 5415 then 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 656 and 634 to 630 then 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 4425 and 4380 to 4370
Resistance is at 4505 to 4515 and 4570 to 4585.
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
Tuesday, September 24, 2002
8:05 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.