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, Tuesday December 10th, 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

Monday December 9th, 2002
4:00 PM , Eastern

The ‘Frenzied’ Forex Front

March Yen
Recommended Open BW Position Short at 8017
Support should appear near 8134 to 8119 , a close under augurs for a test of 8044 to 8029 and eventually the 7992 region
Resistance should appear near 8164 and 8194 to 8223..

March Euro Currency (EC)
Recommended Open BW Position Long at 9913
Support should appear at 10037 to 10021 and 9779
Resistance is at 10071 , beyond that a test of 10104 to 10137 is likely

March Swiss Franc
Recommended Open BW Position Long at 6780
Resistance should appear near 6906 to 6919
Support should appear near 6836 to 6809

March British Pound
Support should appear near 1.5612 and 1.5586
Resistance should appear near the 1.5690 to 1.5760 region. .

March Canadian Dollar
Recommended Open BW Position Long at 6354
Support should appear near 6350 to 6337
Resistance is at 6417 to 6430 and 6456..

March Aussie Dollar
Recommended Open BW Position Long at 5586
Support is at 5577 to 5553 and 5529.
Resistance is at 5608 and 5640 to 5653

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8484 to 8499 and 8560 to 8589.
Support should appear near 8406 to 8391 and 8314 to 8300

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

Nasdaq Composite
Resistance is at 1377 to 1383 and 1399
Support should appear near 1361.50 and the 1346 to 1334 region

December Mini Nasdaq 100
Resistance is at 1032 to 1036 and 1047
Support is at 1005 to 1000 and 993.75 to 992.00 a close under is negative and augurs for a test of 983.75 to 982.10

March Ten Year T-Notes
Resistance should appear near 112-23 then 113-04 and 113-23.
Support is at 112-17 and 112-07

Precious Metals

Feb Gold
Recommended Open BW Position Long at 319.1
Support should appear at 326.1 and 323.7 , below that 321.3 to 319.4 should hold.
Resistance is at the 329.4 and the 331.9 to 332.8 region..

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

March Silver
Support should appear near 458.5 to 457
Resistance is at 463.5 to 465 and 469.5 to 471.5

The Exciting Energies
January Crude Oil
Recommended Open BW Position Long at 2730
Support should appear near 2716 and 2672 to 2663
Resistance is at 2758 to 2775 .

January Unleaded Gas
Resistance should appear near 7765 to 7780 and 7835 to 7865 .
Support is at 7605 to 7585 and 7515 to 7485

January Heating Oil
Resistance is at 7665 to 7690 and 7945 to 7955
Support should appear near 7610 to 7590 and 7520 to 7485

January Natural Gas
Resistance is at 4.370 to 4.385 then 4.425 to 4.446 and 4.505 to 4.515
Support is at 4.315 to 4.305 and 4.249 to 4.238

The Lively Livestock

February Live Cattle
Resistance should appear near 7777 and 7832 to 7867
Support is at 7727 and 7692 to 7672

February Hogs
Support should appear near 5067 to 5037 should hold.. ..BW Traders can buy at 5127 or better for a turn higher and hold for higher prices..
Resistance is at 5142 and 5197 to 5212

February Pork Bellies
Recommended Open BW Position Long at 8250
Support should appear at 8047 to 8027 and 7957 to 7937.
Resistance is at 8192 to 8222 and 8297 to 8317 .

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

Jan Soybeans
Recommended Open BW Position, Long 565 3/4
Resistance is at 564 to 565 3/4 and 571 3/4 to 575
Support should appear near 557 3/4 to 554 1/4 and 550 1/2 to 549 1/4

January Soymeal
Recommended Open BW Position, Long 171.4
Support should appear near 161.5 to 160.9
Resistance is at 164.2 to 165.5

January Soybean Oil
Recommended Open BW Position, Long 2267
Resistance is near the 2185 and 2219 to 2226
Support should appear near 2170 and the 2134 to 2126 region.

March Corn
Resistance should appear near 237 and 241 1/4 to 342.
Support is at 2351/2 and 232 1/4 to 231 1/4

March Wheat
Recommended Open BW Position, Long 2 at 383
Support should appear at 356 1.4 to 355 1/4 and 350 1/2 to 349 1/4
Resistance is at 361 1/4 to 362 1/2

The Satisfying Softs

March Cocoa
Support is at 2042 to 2034 and 2996 to 1982
Resistance should appear near 2080 to 2088 and 2126 to 2134

March Coffee
Recommended Open BW Position, Long 3 at 7090 avg
Support should appear near 6590 to 6575 and 6510 to 6485
Resistance should appear near 6655 to 6670 and 6740 to 6755

March Sugar
Support should appear near 712 to 704 and the 686 to 682 region.
Resistance should appear near 735 to 738 .

March Cotton
Recommended Open BW Position, Long 4935
Support should appear near the 4855 to 4845 and the 4785 to 4775 region
Resistance is at 4915 to 4925 and the 4975 to 4995 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

Monday, December 9th, 2002
5:00 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.