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 29th, 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

Monday, October 28th, 2002
3:00 PM eastern standard time

                             The ‘Frenzied’ Forex Front
December Yen
Resistance should appear near 8119 to 8134 and 8162
Support should appear near 8082 and 8044 to 8029

December Euro Currency (EC)
Recommended Open BW Position Long at 9764
Support should appear at 9779 and 9737 to 9706
Resistance is at 9837 and 9879, an extended trade or close over is friendly and augurs for an eventual test of the 9921 to 9937 region.

Stay tuned for Updates

December Swiss Franc
Recommended Open BW Position Long 2 at 6727 avg
Resistance is at 6741 6755 and 6782
Support should appear near 6707 and 6673 to 6659

December British Pound
Support should appear near1.5522 and 1.5468
Resistance is at 1.5586 and the 1.569 to 1.5760 region. A close over is friendly and augurs for a test of 1.6090 to 1.6150. BW Traders should go long if a close over 1.5768 occurs.

December Canadian Dollar
Recommended Open BW Position Long at 6380
Support should appear at 6350 to 6337.
Resistance is at 6417 to 6430 and the 6484 to 6509 region.

December Aussie Dollar
Recommended Open BW Position Long at 5522
Support is at 5553 and 5504 to 5491
Resistance is at 5577 then 5608 and 5640 to 5653

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Nearby Resistance is at 8391 to 8406 then 8445 and 8484 to 8499. Beyond that resistance is at 8560 to 8589 where sellers should appear attempt to Cap an early rally. However, a close over is friendly and augurs for a test of the 8668 to 8683 and the 8762 to 8777 region..
Support should appear near 8314 to 8300 and 8223 to 8194

December SP500
Resistance is at 893.40 to 896.40 then 904.4 to 906.00 and 914.0 to 915.60.. Beyond that sellers should appear near 923.60 and 931.6o to 934.70
Support should appear near 887.10 to 885.60 and 877.70 to 876.20

Nasdaq Composite
Nearby Resistance is at 1322 and 1334 to 1346
Support should appear near 1310 to 1304 and 1289

December Mini Nasdaq 100
Resistance is at 984.00 then 992.00 to 993.50 and 1000 to 1005, beyond that sellers should appear near 1018.50 and the 1032 to 1036 region.
Support is at 973.50 to 970.50 and the 964.50 to 962.50 region... Below that a trest of 954.50 to 952.50 is likely.

December Ten Year T-Notes
Resistance should appear near 113-23 and 114-07
Support is at 113-07 then 112-23 and 112-07.

Precious Metals

December Gold
Recommended Open BW Position Long at 323.9
Nearby Support should appear at 314.8 then 312.8 and 310.2 to 309.2.
Resistance is at 315.7 and 319.4 to 321.3
BW Traders should go long if a close over 315.9 occurs

December Copper
Support should appear near 7090 to 7075
Resistance should appear near 7140 to 7170 and 7240 to 7255

December Silver
Recommended Open BW Position Long at 441.5
Support should appear near 438.5 to 437.0 and 431.5 to 430.0.
Resistance is at 442.5 to 444.5 and 450.5 to 451.5

The Exciting Energies

December Crude Oil
Support should appear near 2716 then 2672 to 2663 and 2620 to 2612
Resistance is at 2724 then 2758 to 2775 and 2820 to 2829

December Unleaded Gas
Support should appear near 7515 to 7485 then 7430 to 7415 and 7345 to 7325 region.
Resistance is at 7585 to 7605 and 7665 to 7690

December Heating Oil
Resistance is at 7415 to 7430 and 7485 to 7515
Support should appear near 7345 to 7325 and the 7170 to 7140 region

December Natural Gas
Recommended Open BW Position Long 4.185
Support is at 4.249 to 4.238 then 4.180 to 4.160 and 4.120 to 4.110
Resistance is at 4.370 to 4.386 and 4.425 to 4.446

The Lively Livestock
December Live Cattle
Support should appear near 7257 to 7242 and 7212
Resistance is at 7325 to 7342 and 7412 to 7427. BW Traders can sell at 7407 for a turn lower and risk a close over 7522 for three days in a row.

December Hogs
Recommended Open BW Position short at 4015
Support is at 4122 to 4112 then 4057 to 4047 and 3992 to 3982
Resistance is at 4162 to 4182 and the 4237 to 4252 region.

February Lean Hogs
Support is at 4787 to 4772 then 4717 to 4692 and 4652 to 4637
Resistance is at 4842 to 4857 and 4912 to 4927

February Pork Bellies
Support should appear at 7777 to 7762 and 7687 to 7672
Resistance is at 7867 then 7937 to 7957 and the 8027 to 8042 region.

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

January Soybeans
Recommended Open BW Position, Long 2 at 546 1/4
Resistance is at 549 1/4 to 550 1/2 and 555 1/2 to 557 3/4
Support should appear near 543 to 541 3/4 and 535 3/4 to 534 1/2

November Soybeans
Resistance is at 549 1/4 to 550 1/2 .
Support should appear near 543 to 541 3/4

December Soymeal
Recommended Open BW Position, Long 169.7
Support should appear near the 165.5 to 164.2 region..
Resistance is at 168.9 to 169.7

December Soybean Oil
Recommended Open BW Position, Long 2084
Resistance is near 2126 to 2134
Support should appear near 2080 and 2062

Dec Corn
Resistance should appear near 249 and 251 1/4 to 252
Support is at 247 to 246 1/4 and 244

December Wheat
Recommended Open BW Position Long at 405 3/4
Support should appear at 412 to 411 then 405 3/4 to 404 3/4 and 399 3/4 to 398 1/2
Resistance is at 416 1/4 to 418 1/4 and the 423 3/4 to 424 3/4 region
Aggressive BW Traders should go long if a close over 418 1/2 occurs

The Satisfying Softs

December Cocoa
Support is at 1953 to 1946 and the 1909 to 1902 region
Resistance should appear near 1982 to 1996 and 2034 to 2042

December Coffee
Support is near 6430 to 6415 then 6350 to 6335 and 6270 to 6255
Resistance should appear near 6485 to 6510 and 6575 to 6590 .. Beyond that sellers
should appear near 6655 to 6675

March Sugar
Recommended Open BW Position Long at 715
Support should appear near 712 to 704 and 696.
Resistance should appear near 735 to 739
BW Traders should go long if a close over 743 occurs

December Cotton
Recommended Open BW Position Long at 4520
Support should appear near 4580 to 4570 and 4515 to 4505
Resistance is at 4635 to 4650 then 4695 to 4715 and 4775 to 4785.

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 286th, 2002
4:00 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.