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 October 4th, 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

Thursday, October 3rd, 2002
5:15 PM. ET

The ‘Frenzied’ Forex Front

December Yen
Support should appear near 8164 and 8134 to 8119
Resistance should appear near 8194 to 8223 and 8261

December Euro Currency (EC)
Recommended Open BW Position Long at 9834
Support should appear at 9821 then 9779 and the 9737 to 9721 region
Resistance is at 9837, an extended trade over is friendly and augurs for a test of 9921 to 9937

December Swiss Franc
Recommended Open BW Position Long 1 at 6791
Resistance should appear near 6782 and the 6809 to 6836 region..
Support should appear near 6755 to 6741 and 6709

December British Pound
Recommended Open BW Position Long at 1.5532
Support should appear near 1.5582 and 1.5522
Resistance is at the 1.5690 to 1.5760 region...

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 at 5388
Support is at 5430 to 5417 and 5388.
Resistance is at 5462 and 5492 to 5504
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 then 7836 to 7864 and 7939 to 7954
Support should appear near 7689 to 7675 , a slip under is negative and augurs for a test of 7601 to 7589

December SP500
Resistance should appear near 830.00 to 831.4 then 839.10 to 840.60 and the 838.30 to 849.90 region
Support should appear near 819.40 and 813.40 to 811.90 under that a test of 804.40 to 802.90 is likely..

Nasdaq Composite
Resistance is at 1169 then 1180.50 and 1192 to 1203.
Support should appear near 1164 then 1150 and the 1136 to 1130 region.

December Mini Nasdaq 100
Resistance is at 839.00 to 840.40 then 848.50 to 850.00 and 856.00 to 858.90.. Beyond that sellers should appear near 876.50 to 878.00
Support is at 831.50 to 830.00 then 822.50 .to to 819.50 and the 804.50 to 803.00 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 450.5 to 451.5

The Exciting Energies
November Crude Oil
Nearby Support should appear near 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 2990 and 3036 to 3045

November Natural Gas
Resistance is at 3.795 to 3.806 and 3.858 to 3.867
Support is at 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
Support should appear near 7960 to 7935 and 7865 to 7835 then 7780 to 7760 and the 7690 to 7675 region. BW Traders can buy at 7705 and hold for higher prices ..

Resistance is at 8025 to 8045. A close over is friendly and augurs for a test of 8120 to 8135 and the
8300 to 8315 region. .

November Heating Oil
Resistance is at 8025 to 8045 and the 8115 to 8135 region.

Support should appear near 7865 to 7835 and 7780 to 7765

The Lively Livestock
December Live Cattle
Nearby Support should appear near 7007 to 6992 and 6922 to 6907
Resistance is at 7037 and 7072 to 7087 and 7142

December Hogs
Support is at 4057 to 4047 and 4992 to 3982
Nearby Resistance is at 4112 to 4122 and the 4162 to 4182 region..

February Hogs
Support is at 4717 to 4692 and 4652 to 4637.
Nearby Resistance is at 4772 to 4787 and 4842 to 4857

February Pork Bellies
Support should appear near 7692 to 7672 and the 7602 to 7587 region.
Resistance is at 7762 to 7777 then 7832 to 7867 and the 7937 to 7957 region

-Stay tuned for Livestock Updates and Flashes-

The Grande’ Grains

November Soybeans
Recommended Open BW Position, Long at 566
Resistance is at 541 3/4 to 543
Support should appear at 535 3/4 to 534 1/2 and 521 1/4 to 520

December Soymeal
Support should appear near 168.9 and 165.5 to 164.2
Resistance is at 171.2 and 173.1 to 173.8

December Soybean Oil
Recommended Open BW Position, Long 2026
Resistance is near 1953 and 1967
Support should appear near 1946 and 1909 to 1902

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 252 to 251 1/4 and 246 3/4 to 246.

December Wheat
Recommended Open BW Position, Long at 398 3/4
Support should appear near 374 1/2 to 373 1/2 and 368 1/4 to 366 1/4.
Resistance is at 379 1/2 to 380 3/4 and 385 3/4 to 386 3/4

The Satisfying Softs

December Cocoa
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
Support is near 5580 to 5555 and 5505 to 5495
Resistance should appear near 5715 to 5730 and 5790 to 5805

March Sugar
Recommended Open BW Position, Long 669
Support should appear near 661 to 656 and 634 to 630
Resistance should appear near 682 to 686.

December Cotton
Recommended Open BW Position Long at 4550
Support should appear near 4425 and 4380 to 4370 and 4315 to 4305
Resistance is at 4445 then 4505 to 4515 and 4570 to 4580

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, October 3rd, 2002
6:15 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.