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 October 2nd, 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

Tuesday October 1st, 2002
8:30 PM. ET

The ‘Frenzied’ Forex Front

December Yen
Support should appear near 8165 and 8139 to 8119
Resistance should appear near 8194 to 8223

December Euro Currency (EC)
Recommended Open BW Position Long at 9834
Support should appear at 9779 and the 9737 to 9721 region
Resistance is at 9821 to 9837

December Swiss Franc
Recommended Open BW Position Long 2 at 6749 avg
Resistance should appear near 6741 to 6755
Support should appear near 6709 and 6673 to 6659

December British Pound
Recommended Open BW Position Long at 1.5532
Support should appear near 1.5522 and 1.5486
Resistance is at the 1.5594 and 1.5626..

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.
Resistance is at 5417 to 5430

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 7939 to 7954 and the 8029 to 8044 region
Support should appear near 7864 to 7836

December SP500
Resistance 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.
Support should appear near 849.90 to 848.40 and 840.60 to 839.10

Nasdaq Composite
Resistance is at 1217.50 and 1231 to 1238.
Support should appear near 1203 to 1192

December Mini Nasdaq 100
Resistance is at 885.50 to 887.00 and the 904.50 to 906.00. region . A close over is friendly and augurs for a test of the 914.00 to 915.50.. Beyond that sellers should appear near the 931.50 to 935.00 region and Cap a rally for a bit.
Support is at 868.50 to 866.50 and the 859.00 to 856.00 region . .

December Ten Year T-Notes
Resistance should appear near 115-17 and 115-23
Support is at 114-23 and 114-07

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 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 444.5 to 443.5.
Resistance is at 457.0 to 458.5.

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 a test of 3148 to 3157 is likely.

November Natural Gas
Resistance is at 4.163 to 4.183 and 4.238 to 4.249
Support is at 4.056 to 4.046 and 3.929 to 3.909

November Unleaded Gas
Support should appear near and 8225 to 8195 and 8135 to 8115
Resistance is at 8300 to 8315 and the 8390 to 8405

November Heating Oil
Recommended Open BW Position Long at 8160.
Resistance is at 8220 and the 8385 to 8405 region.
Support should appear near 8140 to 8115 and 7955 to 7935

The Lively Livestock
December Live Cattle
Nearby Support should appear near 7007 to 6992.. Under that support is at 6922 to 6907.
Resistance is at 7077 to 7087 and 7142

December Hogs
Support is at 3932 to 3912 and 3867 to 3857
Nearby Resistance is at 3982 to 3997 and 4047 to 4057

February Hogs
Support is at 4652 to 4637 and 4582 to 4572.
Nearby Resistance is at 4692 to 4717 and 4772 to 4787

February Pork Bellies
Support should appear near 7512 to 7487 and the 7342 to 7327 region

Resistance is at 7587 to 7602 and 7672 to 7692

    -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 543 and 549 1/2 to 550 1/2
Support should appear at 541 3/4 and 545 3/4 to 534 1/2

December Soymeal
Recommended Open BW Position Long at 173.9
Support should appear near 169.60 to 168.90..
Resistance is at 173.1 to 173.8

December Soybean Oil
Recommended Open BW Position, Long 2 at 2035 avg
Resistance is near 1984 to 1996
Support should appear near 1953 to 1946

Dec Corn
Recommended Open BW Position, Long 277 3/4
Resistance should appear near 256 3/4 and 262 to 262 3/4
Support should appear near 252 to 251 1/4 and 247 to 246 1/4

December Wheat
Recommended Open BW Position, Long 2 at 410 1/2 avg
Support should appear near 392 3/4 to 390 3/4 and the 386 3/4 to 385 3/4 region
Resistance is at 398 1/4 to 399 1/4 and 404 3/4 to 405 3/4egion.
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 2219 to 2226 and the 2267 to 2275 region
Support should appear near 2185 to 2170 and 2134 to 2126 ....

December Coffee
Recommended Open BW Position Long at 5585
Support is near 5580 to 5555 and 5505 to 5495
Resistance should appear near 5715 to 5730 and 5790 to 5805

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
Recommended Open BW Position Long at 4550
Support should appear near 4515 to 4505 and 4445 to 4425
Resistance is at 4570 to 4585 and the 4635 to 4650 region.
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, October 1st, 2002
9:30 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.