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, Tuesday October 15th, 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

Monday October 14th, 2002
4:00 PM eastern standard time

The ‘Frenzied’ Forex Front

December Yen
Support should appear near 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 1.5486 and 1.5426
Resistance is at 1.5522 and 1.5586.

December Canadian Dollar
Support should appear near the 6270 to 6257
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 7901.5 and the 7939 to 7954 region. A close over augurs for a test of
8029 to 8044
Support should appear near to 7864 to 7836.

December SP500
Resistance is at 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 840.90 to 839.10 and 831.50 to 830.00

Nasdaq Composite
Resistance is at 1232 to 1238
Support should appear near 1203 to 1192

December Mini Nasdaq 100
Resistance is at 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 906.00 to 904.50 and 896.50 to 893.50

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 the 6670 to 6655 region.
Resistance should appear near 6740 to 6755 and 6855 to 6870.

December Silver
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
Recommended Open BW Position Long 2 at 2963 avg
Support should appear near 2990 to 2973 and 2937 to 2928
Resistance is at 3013 and the 3036 to 3045 region

November Natural Gas
Resistance is at 4.370 to 4.381 and the 4.425 to 4.446 region
Support is at 4.246 to 4.238 and 4.183 to 4.163 region

November Unleaded Gas
Support should appear near 8405 to 8390 and 8315 to 8300.
Resistance is at 8560 to 8590 and the 8665 to 8685 region.

November Heating Oil
Recommended Open BW Position Long at 8090
Resistance is at 81215 to 8135 and 8195 to 8225
Support should appear near 8045 to 8020 and the 7955 to 7940 region.

The Lively Livestock
December Live Cattle
Support should appear near 7002 to 6992 and 6922.
Resistance should appear near the 7242 to 7257 region and Cap the 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 4182 to 4162 and 4122 to 4107
Resistance is at 4237 to 4247 and 4302 to 4317

Feb Hogs
Recommended Open BW Position Long at 4762
Support is at 4717 to 4692 and 4657 to 4637
Resistance is at 4772 to 4787 and the 4842 to 4857 region.

February Pork Bellies
Support should appear at 7602 to 7587 and 7512 to 7487.
Resistance is at 7672 to 7692 and the 7762 to 7777 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

BW Traders should go long if a close over 543 3/4 occurs

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 and 1982 to 1996
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 246 1/4 to 246 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 2354 to 2370
Support should appear near 2322 to 2315

December Coffee
Support is near 6190 to 6165 then 6035 to 6025 and 5960 to 5945
Resistance should appear near 6335 to 6350 then 6415 to 6430 and 6570 to 6590

March Sugar
Support should appear near 704 then 694 and 686 to 682
Resistance should appear near 712 and the 735 to 739 region.

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
Monday, October 14th 2002
5:00 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.