Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500 
Precious Metals - Energy - Livestock - Grains - Softs


FuturesCom Investment Publications
Morning Comments, Wednesday November 27th, 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 26th, 2002

4:30 PM , Eastern
                    

                            The ‘Frenzied’ Forex Front  

December Yen
Nearby Supp
ort should appear near 8223 to 8194 and 8162 
Nearby
Resistance should appear near 8262 and the 8300 to 8314 region  
 

December Euro Currency (EC)
Recommended Open BW Position Long at 10041
Support should appear at 9879 and 9837 to 9821. Aggressive  BW traders can buy at 9881 for a bounce and risk a close under 9812 for three days in a row.  Below that buyers should appear near 9779 and the 9737 to 9706 region.
Resistance
is at 9937, a close voer augurs for a test of 9979 .. beyond that a trade of 10021 to 10037
is likely..  


December
Swiss Franc
Recommended Open BW Position Long at 6868 
Resistance should appear near 6755 and 6782.. beyond that a test of 6809 to 6836 is likely..  
Support should appear near 6741 then 6709 and 6673 to 6659 
 

December British Pound
Recommended Open BW Position Long at 1.5728  
Support should appear near 1.5350 to 1.5290
Resistance should appear near 1.5526 and 1.5612  

December Canadian Dollar
Support should appear near 6337 and 6305.  
Resistance is at 6350 and 6383.. 

December Aussie Dollar
Recommended Open BW Position Long at 5582 
Support is at 5577 to 5553
Resistance is at 5608 and  the 5640 to 5653 region..

                 The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance  should appear near 8762 to 8777 then 8856 to 8871 and 8934 to 8964  
Support should appear near 8668 and the 8589 to 8560 region    

December SP500
Recommended Open BW Position Short at 891.50
R
esistance is at 914.0o to 915.60 and 923.60  Beyond that sellers should appear near 931.60 to 934.70 
Support
should appear near 906.00 to 904.40.. below that buyers should appear near 896.40 to 893.40      

Nasdaq Composite
R
esistance
is at 1453 to 1459 and 1484 to 1496 
Support should appear near 1421 to 1415

December Mini Nasdaq 100
Resistance
is at 1096 to 1101 and 1130 to 1136
Support is at 1068 to 1058  

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

                            Precious Metals

Feb  Gold 
Recommended Open BW Position Long at 319.1
Support
should appear at 317.6 and 315.7 to 314.8 
Resistance
is at 319.4 to 321.3. 

March  Copper
Resistance should appear near 7485 to 7515 and the 7585 to 7605 region..  
Support should appear near 7325 , a slip under augurs for a test of 7255 to 7240.. 

March Silver
Recommended Open BW Position Long at 4.53 
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  2663 to 2672

January Unleaded Gas
Recommended Open BW Position , long at 6995
S
upport should appear near 7080 to 7065 and 7005 to 6990
Resistance is at  7170 and the 7325 to 7345 region.  

January Heating Oil
Resistance
is at  7585 to 7605 and 7675 to 7690 
Support should appear near 7515 to 7485 and 7430 to 7415 

January Natural Gas
Resistance
is at  4.238 to 4.249
Support is at 4.183 to 4.163 and 4.120 to 4.110 


                         
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
  

December Hogs
Recommended Open BW  Position, short at 2 at  4342 avg

Support
is at 4517 to 4507 and 4457 to 4447  .
Resistance
is at 4582 and the 4637 to 4652 region.   

Feb Hogs
Support is at 5342 and 5282 to 5257. 

Resistance
should appear near 5417 to 5432 and 5492 to 5507 

February Pork Bellies
Recommended Open BW  Position, Long at  8357 

Support
should appear at 8322 to 8302 and 8227 to 8192. 
Resistance
is at 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 579 1/4 to 580 1/2 

Support
should appear near the 572 3/4 to 571 3/4 and 565 1/4 to 564 

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

January Soybean Oil 
Recommended Open BW  Position, Long  2190
Resistance is near 2267 to 2275  
Support
  should appear near 2226 to 2219 and 2185 to 2170

BW Traders should go long if a close over  2249 occurs.

March Corn
Resistance
should appear near 246 1/4 to 247 
Support
is at 242 to 241 1/4

March Wheat
Recommended Open BW  Position, Long  2 at 383
Support should appear at 374 1/2 to 373 3/4   
Resistance
is at 379 3/4 to 380 1/2 and 385 to 386 3/4  
BW Traders should go long if a close over 393 1/4 occurs. 

                            The Satisfying Softs  
March Cocoa 
Recommended Open BW Position Long at 1753
Support  is at 1689 and 1655 to 1642
Resistance
 
should appear near 1731 to 1738 and 1756.

March Coffee
Recommended Open BW Position Long at 7240
Support is near 7005 to 6990 and 6835 to 6805 .
Resistance
should appear near  the 7075 to 7090 region and 7140 to 7170 

March Sugar

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

March Cotton
Support
should appear near 4995 to 4975 and 4930 to 4915

Resistance
is at  5035 to 5065 and 5125 to 5140.
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

Tuesday , November 26th, 2002

5:30 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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all rights reserved

U.S. government offices, banks and exchanges will be  closed Thursday, Nov. 28 in observance of the Thanksgiving Day holiday.    

CBOT
: On Wednesday pit traded agricultural and  financial contracts close at 1200 CT.  On Friday pit  traded agricultural and financial contracts close at 1200 CT. Stock-index contracts will close at 1215 CT.              
  
CME: On Wednesday all pit traded  foreign exchange and commodity futures and options will close at
1200 CT. Globex interest rate, foreign exchange and equity  products trading will close at 1515 CT.   
On Friday all pit traded interest rate, foreign  exchange, and commodity futures and options will close at
1200 CT, equity products will close at 1215 CT. Globex interest rate, foreign  exchange and equity products will close at 1215 CT. 

KBOTOn Wednesday  and Friday Wheat futures will close at 1200 CT.  
  
NYBOT: Coffee, Sugar,Cocoa and  Cotton will be closed on Thursday and Friday. 
  
NYMEX: The exchange will be closed Thursday and Friday.