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 18th, 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 17th, 2002
4:25 PM eastern standard time

The ‘Frenzied’ Forex Front

December Yen
Support should appear near 7955 to 7934
Resistance should appear near 8029 to 8044

December Euro Currency (EC)
Support should appear at and 9641 to 9625. BW Traders can buy at 9642 and risk a close under 9625 for three days in a row.
Resistance is at 9706 to 9737.

December Swiss Franc
Recommended Open BW Position Long 2 at 6783 avg
Support should appear near 6591 to 6577

Resistance should appear near 6659 to 6673

December British Pound
Support should appear near 1.5350 to 1.5290 and 1.4960 to 1.4840…
BW Traders can buy at 1.5356 for a turn higher and hold for higher prices..
Resistance is at 1.5486 and 1.5522.

December Canadian Dollar
Support should appear near the 6350 to 6337 and 6305
Resistance is at 6417 to 6430
BW Traders should go long if a close over 6362 occurs

December Aussie Dollar
Support is at 5430 to 5418.
Resistance should appear near the 5492 to 5504 region

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8300 to 8314 and the 8391 to 8406 region
Support should appear near 8223 to 8194

December SP500
Recommended Open BW Position Short at 855.70
Resistance is at 885.60 to 887.10 then 893.40 to 896.40 and 904.40 to 906.00 which should contain any excitement for a bit..
Support should appear near 877.70 to 876.20

Nasdaq Composite
Resistance is at 1289 and the 1304 to 1310 region
Support should appear near 1268 and 1253

December Mini Nasdaq 100
Resistance is at 970.50 to 973.50 and 982.00 to0 983.50
Support is at 962.50 then 954.50 to 952.50 and the 944.50 to 942.00 region

December Ten Year T-Notes
Resistance should appear near 112-07 and 112-23
Support is at 111-23 and 111-04

Precious Metals

December Gold
Recommended Open BW Position Long at 323.9
Support should appear at the 310.20 to 309.3.
Resistance is at 314.8 to 315.7
.

December Copper
Recommended Open BW Position Short at 6890
Support should appear near the 6910 and the 6835 to 6805 region.
Resistance should appear near 6990 to 7005 and 7075 to 7090

December Silver
Support should appear near 431.5 to 430 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 and the 442.5 to 444.5 region

The Exciting Energies

December Crude Oil
Recommended Open BW Position Long 2996
Support should appear near 2937 to 2928 and 2883 to 2874
Resistance is at 2972 to 2990 and 3036 to 3045

November Natural Gas
Resistance is at 4.305 to 4.315 and 4.370 to 4.381
Support is at 4.183 to 4.163 and 4.183 to 4.163

November Unleaded Gas
Support should appear near 8315 to 8300 and 8225 to 8195
Resistance is at 8405 then 8485 to 8500 and 8560 to 8590

November Heating Oil
Recommended Open BW Position Long at 8090
Resistance is at 8115 to 8135 and the 8195 to 8225 region.
Support should appear near 8045 to 8025 then 7955 to 7940 and 7865 to 7835

The Lively Livestock
December Live Cattle
Support should appear near 7112 and the 7087 to 7072 region.
Resistance should appear near the 7142 to 7172 and the 7242 to 7257 region
BW Traders can sell at 7242 for a turn lower and risk a close over 7357 for three days in a row.

December Hogs
Support is at 4162 and the 4122 to 4112 region .. A close under augurs for a test of 4057 to 4047
Resistance is at 4187 then 4237 to 4252 and 4302 to 4317.

Feb Hogs
Support is at 4787 to 4772 and 4717 to 4692
Resistance is at the 4842 to 4857 region and 4912 to 4927

February Pork Bellies
Support should appear at 7342 to 7322 then 7257 to 7242 and 7172 to 7142 .
BW Traders can buy at 7177 and hold for higher prices…
Resistance is at 7412 to 7427 and 7487 to 7512 .

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

November Soybeans
Recommended Open BW Position, Long 2 at 556 3/4 avg
Resistance is at 555 1/2 to 557 3/4
Support should appear near 549 1/4 then 543 to 541 3/4 and 535 3/4 to 534 1/2

December Soymeal
Support should appear near 169.6 to 168.9 and the 165.5 to 164.2 region
Resistance is at 173.1 to 173.8 and 177.4 to 178.0
BW Traders should go long if a close over 173.9 occurs.

December Soybean Oil
Recommended Open BW Position, Long 1996
Resistance is near 2042 and the 2080 to 2088 region.
Support should appear near 2034 and 1996 to 1982

Dec Corn
Resistance should appear near 256 3/4 and 261 1/4 to 262
Support is at 252 to 251 1/4 and 247 to 246 3/4

December Wheat
Support should appear at 405 3/4 to 404 3/4 then 399 1/4 to 398 1/2 and 393 to 390 3/4
Resistance is at 411 to 412 and the 416 1/4 to 418 1/4 region.

The Satisfying Softs

December Cocoa
Recommended Open BW Position, Long 2137
Support is at 2088 to 2080 and 2042 to 2034
Resistance should appear near 2126 to 2134 and 2170 to 2185

December Coffee
Support is near 6590 to 6575 then 6510 to 6480 and 6430 to 6415
Resistance should appear near 6655 to 6670 then 6740 to 6755 and the 6805 to 6835 region.
Beyond that sellers should appear near 6905 to 6920

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 4380 to 4370 then 4315 to 4305 and 4250 to 4235
Resistance is at 4425 to 4445 and the 4505 to 4515 region.

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 17th 2002
5:45 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.