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

FuturesCom Investment Publications
Morning Comments, Monday October 14th, 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--

Monday , Oct 14, U.S. government offices, banks and selected markets will be closed for the Columbus Day holiday.
U.S. stock markets and Commodity Exchanges will remain open. Canada is closed for Thanksgiving Day.

CBOT:
Financial contracts will not trade. All other contracts, including agricultural, stock index and metals, have normal schedules .
CME:
Pit-traded foreign exchange and interest rate futures and options will not trade. Interest rate and foreign exchange products
traded on Globex will close at 1515 CT. All other contracts, including commodities and equities, will trade their regular schedules for both open outcry and electronic trading on Oct. 14.
CANADA
Canadian government offices, banks, financial and commodity markets will be closed Monday, Oct. 14, for Thanksgiving Day.

Saturday October 12th, 2002
2:00 PM eastern standard time

The ‘Frenzied’ Forex Front

December Yen
Support should appear near 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 8119 to 8134 and 8162

December Euro Currency (EC)
Support should appear at 9837 to 9821 and 9779.
Resistance is at 9879, a close or extended trade over augurs for a test of the 9921 to 9937 region..

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

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 6270 to 6257 and the 6190 to 6165 region..
Resistance is at 6305 and 6337 to 6350

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

                 The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 7864 then 7901.5 and the 7939 to 7954 region. A close over augurs for a test of 8029 to 8044
Support should appear near to 7836 and 7806.5 a slip under augurs for a test of the 7777 to 7762 region..
Below that 7689 to 7675 offers support .

December SP500
Resistance is at 839.10 to 840.60 then 848.40 to 849.90 and the 856.00 to 858.90 region.. Which should cap a rally for a bit. BW Traders can sell at 855.70 and risk a close over 869.90 for three days in a row Beyond that sellers should appear near 876.20 to 877.70 and 904.40 to 906.00 which should contain any excitement for a bit..

Support should appear near 831.50 to 830.00 and 822.30 to 819.40.. A close under is negative and augurs for a test of 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 1232 to 1238
Support should appear near 1203 to 1192

December Mini Nasdaq 100
Resistance is at 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 893.50 and 887.00 to 885.50, under that support is should appear near 877.50 to 876.00 and the 868.50 to 866.50 region

December Ten Year T-Notes
Resistance should appear near 115-06 and 115-22.. Beyond that a test of 116-07 is likely.
Support is at 114-23 and 114-17 then 114-04 and 113-23

Precious Metals

December Gold
Recommended Open BW Position Long at 323.9
Support should appear at the 315.7 to 314.8 region..
Resistance is at 319.4 to 321.3
.

December Copper
Support should appear near 6755 to 6740 and the 6670 to 6655 region
Resistance 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 425 to 423 below that buyers should appear near 412 to 411 ..
BW Traders can buy at 412.5 and risk a close under 404 for three days in a row.. .
Resistance is at 437 to 438.5

The Exciting Energies

December Crude Oil
Support should appear near 2937 to 2928 and the 2883 to 2874 region. Below that Support is at 2829 to 2820

Resistance is at 2972 to 2990 then 3013 and the 3036 to 2045 region
BW Traders should go long if a close over 2993 occurs.

November Crude Oil
Recommended Open BW Position Long at 2941
Support should appear near 2928 and 2883 to 2874.. Below that Support is at 2829 to 2820.
Resistance is at 2954 and then 2972 to 2990 region.

November Natural Gas
Resistance is at 4.238 to 4.249 and the 4.425 to 4.446 region
Support is at 4.126 to 4.116 and 4.056 to 4.046 region.

November Unleaded Gas
Support should appear near 8135 to 8115 then 8045 to 8030 and 7955 to 7935
Resistance is at 8225 and the 8300 to 8315 region..Beyond that a test of 8390 to 8405 is likely

November Heating Oil
Resistance is at 7940 to 7955 and 8025 to 8045
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 7172 and the 7242 to 7257 region. which should cap a rally for a bit. BW . Traders can sell at 7242 for a turn lower and risk a close over 7357 for three days in a row.

December Hogs
Recommended Open BW Position Short at 3977
Support is at 3992 to 3982 and the 3932 to 3907 region
Resistance is at 4047 to 4057 then 4112 to 4122 and 4162 to 4182

Feb Hogs
Support is at 4582 to 4572 then 4517 to 4502 and the 4447 to 4427 region ,
Resistance is at 4637 to 4657 then 4692 to 4717 and the 4772 to 4787 region. .

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

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

November Soybeans
Recommended Open BW Position, Long at 566
Resistance is at 534 1/2 to 535 3/4, beyond that a test of 541 3/4 to 543 is likely.
Support should appear near 528 1/4 to 525 3/4 and 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..Below that 514 to 512 3/4 should contain a decline

December Soymeal
Recommended Open BW Position, Long at 169.7
Support should appear near 165.5 to 164.2 and 161.5 to 160.9
Resistance is at 167.1 and 168.9 to 169.6

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 3 at 263 1/4 avg
Resistance should appear near 251 1/4 to 252 3/4
Support is at 242 to 241 1/4

December Wheat
Recommended Open BW Position, Long at 398 3/4
Support should appear at 362 1/4 to 361 1/4 and 356 1/4 to 353 1/4
Resistance is at the 366 1/4 to 368 1/4 and 373 3/4 to 374 1/4

The Satisfying Softs

December Cocoa
Resistance is at 2411 to 2419 and 2461 to 2469
Support should appear near 2322 to 2315 and 2275 to 2267

December Coffee
Recommended Open BW Position, Long at 5775
Support is near 5725 to 5715 then 5655 to 5640 and 5575 to 5555
Resistance should appear near 5790 to 5805 and 5855 to 5880

March Sugar
Support should appear near 686 to 682
Resistance should appear near 704 to 712

December Cotton
Support should appear near 4250 to 4235 and the 4185 to 4165 region.
Resistance is at 4305 to 4315 and 4370 to 4380

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
Saturday, October 12th 2002
3:25 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.