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 November 22nd, 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 21st, 2002
7:00 PM eastern standard time

The ‘Frenzied’ Forex Front
December Yen
Support should appear near 8134 to 8119 and should contain the decline for a bit.. Below that buyers should appear near 8044 to 8029.
Resistance should appear near 8194 to 8223 , a level we expect to be tested again.. Beyond that sellers should appear near 8262 and the 8300 to 8314 region , which should cap a sharp advance.

December Euro Currency (EC)
Recommended Open BW Position Long at 10041
Support should appear at 9979 and 9937 to 9921
Resistance is at 10021 to 10037 and 1.0079

December Swiss Franc
Recommended Open BW Position Long at 6868
Resistance should appear near 6836 and 6872.
Support should appear near 6809 and 6782.

December British Pound
Recommended Open BW Position Long at 1.5728
Support should appear near 1.5760 to 1.5690 and 1.5612
Resistance should appear near 1.5822 and 1.5912.. Which appears more likely than not to be eventually tested..

December Canadian Dollar
Support should appear near 6305 and 6270 to 6257.
Resistance is at 6337 to 6350 , a close over augurs for a test of 6417 to 6430..

December Aussie Dollar
Recommended Open BW Position Long at 5582
Support is at 5577 to 5553
Resistance is at the 5640 to 5653 region..

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8856 to 8871 and 8934 to 8964
Support should appear near 8777 to 8762 and 8689 to 8560 ..

December SP500
Recommended Open BW Position Short at 891.50
Resistance is at 942.90 to 944.50 and the 952.60 to 954.20 region
Support should appear near 934.70 to 931.60 and 923.60 .

Nasdaq Composite
Resistance is at 1484 to 1496 and 1529 to1535
Support should appear near 1459 to 1453

December Mini Nasdaq 100
Resistance is at 1130 to1136 and 1164 to 1169
Support is at 1101 to1096.

March Ten Year T-Notes
Resistance should appear near 111-23 and 112-07
Support is at 111-12 and 111-05

Precious Metals

December Gold
Recommended Open BW Position Long at 321.7
Support should appear at the 315.7 to 314.8 region.
Resistance is at 319.4 to 321.3

December Copper
Support should appear near 7415 to 7430 and 7485 to 7515
Resistance should appear near 7345 to 7325 and 7255 to 7240

December Silver
Recommended Open BW Position Long at 4.55
Support should appear near 444.5 to 442.5
Resistance is at 450.5 to 451.5

The Exciting Energies

January Crude Oil
Support should appear near 2620 to 2612 and 2568 to 2552
Resistance is at 2662 to 2673 and 2716 to 2724

January Unleaded Gas
Recommended Open BW Position , long at 6995
Support should appear near 7080 to 7065 and 7005 to 6990
Resistance is at 7140 to 7170 and the 7240 to 7255 region

January Heating Oil
Resistance is at 7485 to 7515 and 7585 to 7605.
Support should appear near 7430 to 7415 and 7340 to 7325

January Natural Gas
Resistance is at 4.425 to 4.446 and 4.505 to 4.515
Support is at 4.381 to 4.370 and 4.315 to 4.304

The Lively Livestock
December Live Cattle
Resistance should appear near 7427. Beyond that sellers should appear near 7487 to 7512.
BW traders can sell at 7482 for a turn lower and risk a close over 7522 for three days in a row
Support is at 7342 to 7327

Stay tuned for updates

December Hogs
Recommended Open BW Position, short at 2 at 4342 avg
Support is at 4457 to 4447 and the 4383 to 4372 region .
Resistance is at 4507 to 4517 and 4572 to 4582

Feb Hogs
Support is at 5257 and the 5212 to 5197 region.
Resistance should appear near 5342 to 5357 and 5417 to 5432

February Pork Bellies
Support should appear at 8227 to 8192 and 8137 to 8117
Resistance is at 8302 to 8317 and 8392 to 8407, beyond that a test of 8482 to 8502 is likely.

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

Jan Soybeans
Resistance is at 571 3/4 to 572 3/4 and 579 1/4 to 580 1/2
Support should appear near the 565 1/4 to 564 and the 557 3/4 to 555 1/4 region

December Soymeal
Support should appear near 165.5 to 164.2
Resistance is at 168.9 to 169.6

December Soybean Oil
Recommended Open BW Position, Long 2236
Resistance is near 22189 to 2226 and 2267 to 2275
Support should appear near 2185 to 2170
BW Traders should go long if a close over 2278 occurs.

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

December Wheat
Recommended Open BW Position, Long 2 at 402 1/2 avg
Support should appear at 373 3/4 and the 368 1/4 to 366 1/4 region.
Resistance is at 379 1/2 to 380 3/4 and 385 2/3 to 386 3/4

March Wheat
Support should appear at 368 1/4 to 366 1/4
Resistance is at 379 1/2 to 380 3/4

The Satisfying Softs
March Cocoa
Recommended Open BW Position Long at 1753
Support is at 1738 to 1731 and 1696 to 1689
Resistance should appear near 1774 to 1780 and the 1808 to 1822 region.

March Coffee
Recommended Open BW Position Long at 7240
Support is near the 7170 to 7140 and the 7005 to 6990 region .. Below that buyers should appear near 6835 to 6805 and the 6755 to 6740 region .
Resistance should appear near 7240 to 7255 then 7325 to 7345 and the 7415 to 7430 region.

March Sugar
Recommended Open BW Position, Long 2 at 737 avg
Support should appear near 739 to 735 and 712 to 704 .
Resistance should appear near 763 to 767

March Cotton
Support should appear near the 5035 then 4995 to 4975 and 4930 to 4915
Resistance is at 5125 to 5140 and 5200 to 5215, a close over augurs for a test of 5345 to 5355 ..
BW Traders should go long if a close over 5155 occurs .

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 21st, 2002
8:35 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.