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 29th, 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

CBOT:Friday pit traded agricultural and financial contracts close at 1200 CT.Stock-index contracts will close at 1215 CT.
CME: 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.
KBOT: On Friday Wheat futures will close at 1200 CT.
NYBOT: Coffee, Sugar,Cocoa and Cotton will be closed on Friday.
NYMEX will be closed Friday.

Thursday, November 28th, 2002
12:30 PM , Eastern

The ‘Frenzied’ Forex Front

December Yen
Nearby Support should appear near 8162 and the 8134 to 8119 region
Nearby Resistance should appear near 8194 to 8223 then 8262 and the 8300 to 8314 region

December Euro Currency (EC)
Recommended Open BW Position Long 2 at 9961 avg
Support should appear at 9937 to 9921 and 9879.
Resistance is at 9979, a close over is friendly and augurs for a test of the 10021 to 10037 region.

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 1.5486 then 1.5412 and 1.5350 to 1.5290
Resistance should appear near 1.5526 and 1.5612

December Canadian Dollar
Support should appear near 6350 to 6337 and 6305.
Resistance is at 6383 and 6417 to 6430

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 8934 to 8964 and the 9044 to 9060 region
Support should appear near 8871 to 8856

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

Nasdaq Composite
Resistance is at 1496 and 1529 to 1535
Support should appear near 1484 and 1459 to 1453

December Mini Nasdaq 100
Resistance is at 1130 to 1136 then 1150 and the 1163 to 1169 region
Support is at 1115.50 and 1101 to 1096

March Ten Year T-Notes
Resistance should appear near 110-23 and 111-07
Support is at 110-17 and 110-04

The Lively Livestock
December Live Cattle
Recommended Open BW Position, short at 7482
Resistance should appear near 7512 and 7587 to 7602
Support is at 7487 and 7432 to 7412

December Hogs
Recommended Open BW Position, short at 2 at 4342 avg
Support is at 4652 to 4637 .
Resistance is at 4717 and 4772 to 4782

Feb Hogs
Support is at 5357 to 5342.
Resistance should appear near 5492 to 5507

February Pork Bellies
Support should appear at 8587 to 8557 and 8502 to 8482.
Resistance is at 8667 to 8687 and 8762 to 8777

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

Jan Soybeans
Resistance is at 579 1/4 to 580 1/2 and 585 1/2 to 588
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 2 at 2228 avg
Resistance is near 2275 beyond that sellers should appear near 2315 to 2322
Support should appear near 2247 and 2226 to 2219

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 380 3/4 to 379 1/2 and 374 1/4 to 373 3/4
Resistance is at 385 to 386 3/4 and the 390 3/4 to 393 3/4 region
BW Traders should go long if a close over 393 1/4 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 28th, 2002
1:30 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.