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, Wed. November 13th, 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

Tuesday, November 11th, 2002
3:00 PM eastern standard time

The ‘Frenzied’ Forex Front
December Yen
Recommended Open BW Position Short at 8391
Support should appear near 8354 and 8314 to 8300 and 8223 to 8194.
Resistance should appear near the 8391 to 8406 region and 8445

December Euro Currency (EC)
Support should appear at 10079 and 10037 to 10021.
Resistance is at 1.0136 and 10185

December Swiss Franc
Recommended Open BW Position Long at 6868
Resistance should appear near 6990 to 7003.
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
Recommended Open BW Position Long at 6354
Support should appear at 6305 and 6170 to 6257
Resistance is at 6337 to 6350 and 6382

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

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8391 to 8406 and 8445. Beyond that resistance is at 8484 to 8499.
Support should appear near the 8314 to 8300 region.. An extended slip , or close under is negative and augurs for test of 8223 to 8194.

December SP500
Recommended Open BW Position Short at 891.50
Resistance is at 885.60 to 887.10.. Beyond that sellers should appear near the 893.40 to 896.40 region.
Support should appear near 877.70 to 876.20 and the 868.30 to 866.80 region... A close under is negative and augurs for a test of 858.90 to 856.00 and the 849.90 to 848.40 region....

Nasdaq Composite
Resistance is at 1361.50 and 1377 to 1383
Support should appear near 1346 to 1334 and 1310 to 1304

December Mini Nasdaq 100
Resistance is at 1005.00 then 1018.5 and 1032 to 1036
Support is at 993.50 to 992.00 and 983.50 to 982.00

December Ten Year T-Notes.
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 avg
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 7170 to 7140 and the 7080 to 7065 region..
Resistance should appear near 7240 to 7255 and 7325 to 7345

December Silver
Recommended Open BW Position Long at 4.55
Support should appear near 458.5 to 457
Resistance is at 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 6750 to 6740
Resistance is at 6990 to 7005 and 7140 to 7170

December Heating Oil
Resistance is at 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 3.982 to 3.992
Support is at 3.806 to 3.795 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 4447 to 4427 and 4382 to 4372
Resistance is at 4572 to 4582 and 4637 to 4652

February Lean Hogs
Resistance is at 5257 to 5282 and 5342 to 5357
Support is at 5212 to 5197 and 5142 to 5127

February Pork Bellies
Resistance should appear near 8117 to 8137 and 8197 to 8227. .
Support is at 8047 to 8022 and 7957 to 7937.

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

Jan Soybeans
Recommended Open BW Position Long at 575
Resistance is at 564 to 565 1.2 and 571 3/4 to 572 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 162.8 and 161.5 to 160.9
Resistance is at 165.5 and 167.1

December Soybean Oil
Recommended Open BW Position Long at 2236
Resistance is near 2267 to 2275 and 2315 to 2322
Support should appear near 2226 to 2219 and 2185 to 2179

Dec Corn
Resistance should appear near 241 1/4 to 241 3/4
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 374 1/4 to 373 1/2 and 368 1/4 to 366 1/4
Resistance is at 379 1/2 to 380 3/4

The Satisfying Softs

December Cocoa
Support is at 1738 to 1731 and 1696 to 1682
Resistance should appear near 1774 to 1780 and 1808 to 1822

December Coffee
Recommended Open BW Position Long at 6525
Support is near 6335 and 6190 to 6165 .
Resistance should appear near 641`5 to 6430 and 6485 to 6510

March Sugar
Recommended Open BW Position, Long 745
Support should appear near 686 to 682
Resistance should appear near 704 to 712

December Cotton
Recommended Open BW Position Long at 4910
Support should appear near 4715 to 4695 and 4650 to 4635
Resistance is at 4775 to 4785 and 4845 to 4855

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
Tuesday, November 12th, 2002
4:15 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.