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, Thursday October 10th, 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

Wed October 9th, 2002
5:40 PM eastern standard time

The ‘Frenzied’ Forex Front

December Yen
Support should appear near 8134 to 8119 then 8081 and the 8044 to 8029 region .. BW Traders can buy at 8047 for a bounce and risk a close under 7932 for three days in a row
Resistance should appear near 8194 to 8223 region

December Euro Currency (EC)
Support should appear at 9837 to 9821 and 9779.
Resistance is at 9921 to 9937 and 9979

December Swiss Franc
Recommended Open BW Position Long 2 at 6783 avg
Resistance should appear near 6782 and the 6809 to 6836 region .
Support should appear near 6755 to 6741 and 6707
BW Traders should go long if a close over 6758 occurs

December British Pound
Support should appear near 1.5526 and 1.5486.
Resistance is at 1.5612 an the 1.5690 to 1.5760 region
BW Traders should go long if a close over 1.5768 occurs.

December Canadian Dollar
Support should appear near the 6190 to 6165 region..
Resistance is at 6257 to 6270

December Aussie Dollar
Recommended Open BW Position Long at 5461
Support is at 5430 to 5418.
Resistance should appear near 5462 and 5492 to 5504.

                 The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 7328 to 7342 and 7414 to 7428
Support should appear near 7255 to 7242 and the 7170 to 7141 region... Below that Buyers should appear near 7088 to 7074 and the 7003 to 6990 region.

December SP500
Resistance is at 783.60 to 786.40 then 793.90 to 795.40 and the 802.90 to 804.40 region. Beyond that sellers should appear near 811.90 to 813.40 and the 819.40 to 822.30 region..
Support should appear near 777.70 to 776.20 then 768.90 to 767.50 and the 760.10 to 758.70 region

Nasdaq Composite
Resistance is at 1130 to 1136 and 1164 to 1169

Support should appear near 1101 to 1096.

December Mini Nasdaq 100
Resistance is at 813.50 then 819.50 to 822.50 and the 830.00 to 831.50 region ..
Support is at 804.50 to 802.50 and 795.50 to 794.00 .. A close under is negative and augurs for a test of 777.50 to 776.00

December Ten Year T-Notes
Resistance should appear near 116-07 and 116-23.. Beyond that a test of 117-07 is likely.
Support is at 115-23 and 115-17 then 115-04 and 114-23

Precious Metals

December Gold
Recommended Open BW Position Long at 323.9
Support should appear at 315.7 to 314.8 region..
Resistance is at 321.3 and 326.1 to 327.0
BW Traders should go long if a close over 327.4 occurs

December Copper
Support should appear near 6590 to 6575 and the 6510 to 6480 region.. A close under augurs for a test of 6430 to 6415 and the 6350 to 6335 region.. BW Traders can buy at 6355 and risk a close under 6115 for three days in a row.

Resistance should appear near 6655 to 6670 and the 6740 to 6755 region ..Beyond that sellers should appear near 6855 to 6870 and the 6905 to 6920 region. BW Traders can sell at 6890 for a turn lower and risk a close over 7010 for three days in a row.

December Silver
Recommended Open BW Position Long at 460.5
Support should appear near 437 and 425 to 423..
Resistance is at 442.5 to 444.5

The Exciting Energies

November Crude Oil
Recommended Open BW Position Long at 2941
Support should appear near 2937 to 2928 and 2883 to 2874.. Below that Support is at 2829 to 2820.

Resistance is at 2972 to 2990 and the 3036 to 3045 region
BW Traders should go long if a close over 2994 occurs.

November Natural Gas
Resistance is at 3.929 then 3.982 to 3.992 and 4.046 to 4.056
Support is at 3.909 then 3.867 to 3.858 and 3.806 to 3.795

November Unleaded Gas
Support should appear near 8135 to 8115 and 8045 to 8035
Resistance is at the 8195 to 8225 and the 8300 to 8315 region. . Beyond that sellers should appear near 8390 to 8410 and the 8485 to 8500 region.

November Heating Oil
Resistance is at 7940 to 7955 then 8025 to 8045 and the 8115 to 8135 region. Beyond that sellers should appear near 8195 to 8225 and the 8385 to 8405 region.

Support should appear near 7865 to 7835 and 7780 to 7765 Under that buyers should appear near 7690 to 7665 then 7605 to 7585 and the 7515 to 7480 region . BW Traders can buy at 7535 and Hold for higher prices, risk a close under 7310 for three days in a row.

BW Traders should go long if a close over 7965 occurs.

The Lively Livestock

December Live Cattle
Support should appear near 7002 to 6992 and 6922.
Resistance is at 7077 and 7142 to 7172

December Hogs
Recommended Open BW Position Short at 3977
Support is at 3992 to 3982 and 3932 to 3912.
Resistance is at 4057 then 4112 to 4122 and 4162 to 4182

Feb Hogs
Support is at 4652 to 4637 then 4582 to 4572 and the 4447 to 4427 region ,
Resistance is at 4692 to 4717 and the 4772 to 4787 region. .

February Pork Bellies
Support should appear at 7602 to 7587 then 7512 to 7487 and the 7432 to 7412 region.
Resistance 7672 to 7692 then 7762 to 7777 and 7837 to 7867

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

November Soybeans
Recommended Open BW Position, Long at 566
Resistance is at 525 1/2 to 528 3/4
Support should appear near 521 1/4 to 520. BW Traders can buy at 521 3/4 and risk a close under 512 for three days in a row..

December Soymeal
Recommended Open BW Position, Long at 169.7
Support should appear near 164.2 and 161.5 to 160.9
Resistance is at 165.5 and 167.1

December Soybean Oil
Recommended Open BW Position, Long 2026
Resistance is near 1946 to1953 . .
Support should appear near the 1909 to 1902 region , which should contain a decline..
BW Traders should go long if a close over 1957 occurs.

Dec Corn
Recommended Open BW Position, Long 2 at 268 3/4 avg
Resistance should appear near 261 1/4 to 262 and 266 1/2 to 267 1/2
Support is at 255 1/2 and the 252 to 251 1/2 region. BW Traders can buy at 252 1/4 and
hold for higher prices..

December Wheat
Recommended Open BW Position, Long at 398 3/4
Support should appear at 368 1/4 to 366 1/2 and 362 1/4 to 361 1/4.
Resistance is at the 373 1/2 to 374 1/4 and 379 1/2 to 380 1/2

The Satisfying Softs

December Cocoa
Resistance is at 2322 and the 2354 to 2370 region.
Support should appear near 2275 to 2267 then 2248 and 2226 to 2219.

December Coffee
Recommended Open BW Position, Long at 5775
Support is near 5805 to 5790 then 5725 to 5715 and 5655 to 5640
Resistance should appear near 5935 to 5955 and the 6020 to 6035 region

March Sugar
Support should appear near 704 and 686 to 682
Resistance should appear near 712 and the 735 to 739 region

December Cotton
Recommended Open BW Position Long at 4550
Support should appear near 4315 to 4305 then 4250 to 4235 and the 4185 to 4165 region.
Resistance is at 4370 to 4380 and 4425 to 4445

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
Wed, October 9th 2002
7:15 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.