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, Friday Sept 27th, 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

"Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable - ranks high. There are certain chances that the most prudent man is justified in taking - chances that he must take if he wishes to be more than a mercantile mollusk--" Reminiscences of a Stock operator.

Thursday, September 26, 2002
8:00 PM , e.s.t.

The ‘Frenzied’ Forex Front

December Yen
Support should appear near 8194 and 8139 to 8119.
Resistance should appear near 8223 and the 8300 to 8314 region

December Euro Currency (EC)
Support should appear at 9737 then 9721 to 9706 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 9821 to 9837
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 6708
Support should appear near 6673 to 6659.

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 6303 and 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 5430 and 5462
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 8029 to 8044 and the 8119 to 8134 region.
Support should appear near 7954 to 7939 and 7864 to 7836. .

December SP500
Resistance is at 856.00 to 858.90 then 866.80 to 868.30 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.
Support should appear near 849.90 to 848.40 and 840.60 to 839.10.

Nasdaq Composite
Resistance is at 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 1217 and 1202 to 1192.

December Mini Nasdaq 100
Resistance is at 876.00 to 877.50 then 893.50 to 896.50 and the 904.40 to 906.00 region.
Support is at 859.00 to 856.00 then 850.00 to 848.50 and 840.50 to 839.00 .

December Ten Year T-Notes
Resistance should appear near 114-24 and 115-07
Support is at 114-07 and 113-23

Precious Metals

December Gold
Recommended Open BW Position Long at 323.9
Support should appear at 321.3 to 319.4 and the 315.7 to 314.8 region..
Resistance is at 326.1 to 327.2
BW Traders should go long if a close over 327.4 occurs

December Copper
Support should appear near 6740 to 6755 and 6670 to 6655..
Resistance should appear near 6810 to 6835 and 6900 to 6920

December Silver
Recommended Open BW Position Long at 460.5
Support should appear near 451.5 to 450.5 and 444.5 to 443.5.
Resistance is at 457.0 to 458.5

The Exciting Energies
November Crude Oil
Support should appear near 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 3045 and 3092 to 3102.

November Natural Gas
Resistance is at 3.858 to 3.867 and 3.902 to 3.929.
Support is at 3.806 to 3.795 and 3.743 to 3.736 under that buyers should appear near 3.623 to 3.613 which should contain a decline for a bit.. Below support at 3.503 to 3.493…BW Traders can buy at 3.505 and hold for higher prices..

November Unleaded Gas
Recommended Open BW Position Long at 8175
Support should appear near 7955 to 7935 and 7865 to 7835
Resistance is at 8025 to 8045 then 8115 to 8140 and 8195 to 8220.

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 7072, a slip under augurs for a test 7007 to 6992.. Under that support is at 6922 to 6907.
Resistance is at 7087 and 7112 then 7142 to 7172.

December Hogs
Support is at 3867 to 3857 and 3807 to 3792.
Resistance is at 3912 to 3927 and 3982 to 3992.. Beyond that sellers should appear near 4047 to 4057

February Pork Bellies
Support should appear the 7427 to 7412 and 7342 to 7327
Resistance is at 7487 to 7512 and 7587 to 7602

-Stay tuned for Livestock Updates and Flashes-

The Grande’ Grains

November Soybeans
Recommended Open BW Position, Long 2 at 561 3/4 avg
Resistance is at 571 3/4 to 572 1/2
Support should appear at 564 and 557 3/4 to 555 1/4

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 2 at 2035 avg
Resistance is near 2034 to 2042, a close over is friendly and augurs for a test of 2080 to 2088
Support should appear near 2015 and 1996 to 1984.

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 the 392 3/4 to 390 3/4 region
Resistance is at 404 3/4 to 405 3/4, a n extended trade over augurs for a test of 411 to 412 and eventually the 416 1/4 to 418 1/4 region. Aggressive BW Traders should go long if a close over 406 ½ occurs

The Satisfying Softs

December Cocoa
Recommended Open BW Position, Long 2157
Resistance is at the 2170 to 2185 region. Beyond that sellers should appear near 2219 to 2226 and the 2267 to 2275 region
Support should appear near 2134 to 2126 and 2088 to 2080 under that buyers should appear near
2042 to 2034 BW Traders can buy at 2035 and risk a close under 1942 for three days in a row ....

December Coffee
Recommended Open BW Position Long at 5585
Support is near 5505 to 5490 and 5450 to 5415
Resistance should appear near 5555 to 5575 and 5640 to 5655

March Sugar
Support should appear near 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 656 to 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 4370 then 4315 to 4305 and 4255 to 4235
Resistance is at 4420 to 4445 and 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
Thursday, September 26, 2002
8:50 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.