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 November 8th, 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

 


Thursday, November 7th, 2002
8:30 PM eastern standard time

 

                             The ‘Frenzied’ Forex Front
December Yen
Recommended Open BW Position Long at 8259
Supp
ort should appear near 8223 to 8194 then 8162 and 8134 to 8119 
Resistance should appear near 8300 to 8314  

December Euro Currency (EC)
Support should appear at 10037 to 10021 and 9979.
Resistance is at 1.0104 to 1.0136 and the 1.0320 to 1.0360 region..

December Swiss Franc
Recommended Open BW Position Long at 6868
Nearby Resistance
should appear near 6906 to 6919 
Support should appear near 6837 to 6809 

December British Pound
Recommended Open BW Position Long at 1.5770
Support should appear near 1.5690 and 1.5626  
Resistance
is at 1.5760 and 1.5832. 

December Canadian Dollar
S
upport should appear at  6417 and 6383 then 6350 to 6337.  BW traders can buy
at 6354 for a turn higher , risk a close under and the 6302 for three days in a row..
Resistance is at  6430 and 6484 to 6509
 BW Traders should go long if a close over 6435 occurs

December Aussie Dollar
Support
is at 5607 and 5577 to 5553.
Resistance is at the 5653 and 5684

                                The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Nearby Resistance  should appear near 8668 to 8683 and 8762 to 8777.  Beyond that resistance is at 8856 to 8871 then 8934 to 8964 and the 9044 to 9060 region.
Support should appear near 8560 and the 8499 to 8484 region 

December SP500
R
esistance
is at 904.40 to 906.00 and 914.00 to 915.60 region. Beyond that sellers should 
appear near 923.60  

Support
should appear near 896.50 to 893.40 and 887.10 to 885.60 
BW Traders should go Short if a close under 893.10 occurs.

Nasdaq Composite
Nearby R
esistance
is at 1377 to 1383 and 1396 then 1415 to 1421
Support should appear near 1346 to 1334  

December Mini Nasdaq 100
Resistance
is at 1032 to 1036 and 1058 to 1068.00. 
Support is at 1005 to 1000 and 993.to to 992.00 

December Ten Year T-Notes 
Resistance
should appear near  114-23 and 115-07
Support is at  114-07 and 113-23 then 113-17 and 113-05. 

                              Precious Metals  

December  Gold 
Recommended Open BW Position Long at 318.1
Nearby Support
should appear at 321.3 to 319.4 and 315.7 to 314.8 
Resistance
is at the 326.1 to 327.0 region..  
BW Traders should go long if a close over 321.7 occurs

December Copper
Support
should appear near the 7080 to 7065 region.. Under that 7005 to 6990 should hold
Resistance
should appear near 7170 and 7240 to 7255 .

December Silver
Recommended Open BW Position Long at 4.55
Support should appear near 451.5 to 450.0 and 444.5 to 442.5 
Resistance is at  457 to 458.5 and 463.5 to 465. 0
 

                        The Exciting Energies

December Crude Oil 
Recommended Open BW Position Long at 2673
Support should appear near 2519 to 2511
Resistance is at 2552 to 2568 

December Unleaded Gas
Recommended Open BW Position Long at 7515
Support should appear near 7005 to 6990 and 6920 to 6905 
Resistance is at 7140 to 7170 and 7240 to 7255

December Heating Oil
Recommended Open BW Position Long at 7180
Resistance is at 6990 to 7005 and 7070 to 7090  
Support
should appear near  6925 to 6910  and 6835 to 6810 

December Natural Gas
Resistance
is at 3.858 to 3.867 and 3.909 to 3.929.
Support is at 3.795 and 3743 to 3.736 then 3.682 to 3.663

                             The Lively Livestock
December Live Cattle
Resistance
should appear near 7327 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
Support is at  7257 to 7242 and 7172 to 7142

December Hogs
Recommended Open BW  Position, short  4255

Support
is at the 4582 to 4572 and 4517 to 4502  
Resistance
is at 4637 to 4652 and 4692 to 4717  

February  Lean Hogs
Resistance
is at 5257 to 5282 and 5342 to 5357. 
Support
is at 5212 to 5197 and 5137 to 5127

February Pork Bellies
Resistance
should appear near the 8302 to 8317 region. Beyond that sellers should appear 
near 8392 to 8407. 
Support is at 8227 to 8192 and 8122 to 8117.  

    -Stay tuned for Livestock and Belly Updates and Flashes-


                  
The Grande’ Grains

Jan Soybeans
Recommended Open BW Position Long at 575
Resistance
is at  571 3/4 to 572 1/2 and 579 1/2 to 580 1/2   
Support
should appear near 565 1/2  to 564 and 557 3/4 to 555 1/2 

December Soymeal
Support should appear near  the 165.5 to 164.2 region 
Resistance is at 1.689 to 169.6

December Soybean Oil 
Recommended Open BW Position Long at 2236
Resistance is near 2267 to 2275  
Support  should appear near 2185 to 2179 

Dec Corn
Resistance
should appear near 241 1/4 to 242 and 246 1/4 to 247 
Support
is at 237 to 235 1/2

December Wheat
Recommended Open BW  Position, Long 2 at  402 1/2 avg
Support
should appear at 392 3/4 to 390 3/4 .  
Resistance
is at 398 1/4 to 399 1/4  .

                               The Satisfying Softs

December Cocoa 
Support 
is at 1902 to 1909 and 1946 to 1953
Resistance
 
should appear near 1869 to 1858 and 1822 to 1808 .

December Coffee
Recommended Open BW Position Long at 6525
Support is near 6590 to 6570 then 6510 to 6585 and 6430 to 6415.
Resistance
should appear near 6670 then 6740 to 6750 and the 6900 to 7005 region..

March Sugar
Recommended Open BW  Position, Long 745
Support
should appear near 751 and 739 to 735   
Resistance should appear near 763 to 767

D
ecember Cotton
Recommended Open BW Position Long at 4910
Support should appear near 4715 to 4695 then 4650 to 4635 below that buyers should appear near 
4515 to 4505.   BW Traders can buy at 4585 and risk a close under  4490 for three days in a row. 

Resistance
is at 4845 to 4855 and the 4915 to 4925 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, November 7th, 2002

9:30 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.

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