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, Monday November 11th, 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

“Accomplishments will prove to be a journey, not a destination.”
-Dwight D. Eisenhower-

U.S. bond markets, banks and government offices will be closed Monday, Nov. 11 for the Veterans Day holiday.
Stock markets , Globex Forex and Commodity markets will be open.

Saturday, November 9th, 2002
2:30 PM eastern standard time

The ‘Frenzied’ Forex Front
December Yen
Support should appear near 8314 to 8300 and 8223 to 8194.
Resistance should appear near the 8391 to 8406 region. BW Traders can sell at 8391 for a turn lower and risk a close over 8449 for three days in a row.

December Euro Currency (EC)

Support should appear at 1.0104 then 10037 to 10021 and 9979.
Resistance is at 1.0136.. Above that an eventual test of 1.0320 to 1.0380 is likely..
BW Traders can sell at 1.0312 and risk a close over 104.20 for three days in a row..

December Swiss Franc
Recommended Open BW Position Long at 6868
Resistance should appear near 6990 to 7003. A close over is friendly and augurs for a test of 7063 to 7077.
Support should appear near 6919 to 6906 and 6837 to 6809

December British Pound
Support should appear near 1.5760 to 1.5690
Resistance is at 1.5912 and 1.6090 to 1.6150

December Canadian Dollar
Support should appear at 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 6417 to 6430 and 6484 to 6509
BW Traders should go long if a close over 6435 occurs

December Aussie Dollar
Support is at 5607 and the 5577 to 5553 region
Resistance is at the 5640 to 5653 region and 5684

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
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 the 8499 to 8484 region.. An extended slip , or close under is negative and augurs for test of 8406 to 8391..

December SP500
Recommended Open BW Position Short at 891.50
Resistance is at 893.40 to 896.40 then 904.40 to 906.00 and the 914.00 to 915.60 region. Beyond that sellers should appear near 923.60
Support should appear near 887.10 to 885.60 and 877.70 to 876.20

Nasdaq Composite
Resistance 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 then 993.to to 992.00 and 984.00 to 982.50

December Ten Year T-Notes: Closed for the Holiday.
Resistance should appear near 115-07 and 115-23
Support is at 114-23 and 114-07.

Precious Metals

December Gold
Recommended Open BW Position Long 2 at 319.9
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..

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
Support should appear near 2568 to 2552 and 2519 to 2511
Resistance is at 2612 to 2620 and 2663 to 2672

December Unleaded Gas
Recommended Open BW Position Long at 7515
Support should appear near 7080 to 7065 and 7005 to 6990
Resistance is at 7140 to 7170 then 7240 to 7255 and 7325 to 7345

December Heating Oil
Resistance is at 6910 to 6925 and 6990 to 7005
Support should appear near 6835 to 6810 and 6755 to 6740

December Natural Gas
Resistance is at 3.909 to 3.929 and 4.046 to 4.056
Support is at 3.867 to 3.858 and 3.743 to 3.736

The Lively Livestock
December Live Cattle
Resistance should appear near 7327 to 7342 and 7412. 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 5342 to 5357 and 5417 to 5432
Support is at 5282 to 5257 and 5212 to 5197

February Pork Bellies
Resistance should appear near 8392 to 8407 and 8482 to 8502.
Support is at 8317 to 8302 and 8227 to 8192.

-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 the 557 3/4 to 555 1/2 region. Below that 550 1/4 to 549 1/2 should contain a decline. BW Traders can buy at 550 3/4 and risk a close under 541 ¼ for three days in a row..

December Soymeal
Support should appear near 161.5 to 160.9
Resistance is at 164.2 to 165.5

December Soybean Oil
Recommended Open BW Position Long at 2236
Resistance is near 2219 to 2226
Support should appear near 2185 to 2179

Dec Corn
Resistance should appear near 237and 239
Support is at 235 1/2 and 232 1/4 to 231 1/2

December Wheat
Recommended Open BW Position, Long 2 at 402 1/2 avg
Support should appear at 380 3/4 to 379 1/2 and 374 1/4 to 373 1/2
Resistance is at 385 3/4 to 386 3/4 and 390 3/4 to 392 3/4

The Satisfying Softs

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

December Coffee
Recommended Open BW Position Long at 6525
Support is near 6755 to 6740 and 6675 to 6655.
Resistance should appear near 6805 to 6835 and the 6990 to 7005 region..

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

December Cotton
Recommended Open BW Position Long at 4910
Support should appear near 4785 to 4775 and 4715 to 4695
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
Saturday, November 9th, 2002
3:50 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.