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 December 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

If all our misfortunes were laid in one common heap whence everyone must take an equal portion,
most people would be contented to take their own and depart. --Socrates

Thursday December 12th, 2002
6:30 PM , Eastern

The ‘Frenzied’ Forex Front

March Yen
Recommended Open BW Position Short at 8017
Support should appear near 8164 and 8134 to 8119
Resistance should appear near 8194 and 8223

March Euro Currency (EC)
Support should appear at 10137 to 10104 and 10071
Resistance is at 10185 and 10225

March Swiss Franc
Recommended Open BW Position Long at 6780
Resistance should appear near 6919 and the 6990 to 7003 region.
Support should appear near 6871 and 6836 to 6809

March British Pound
Support should appear near 1.5690 then1.5626 and 1.5586

Resistance should appear near1.5760 and 1.5912.

March Canadian Dollar
Support should appear near 6350 to 6337
Resistance is at 6417 to 6430 and 6456..

March Aussie Dollar
Support is at 5577 to 5553 and 5529
Resistance is at 5640 to 5653.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8560 to 8589 then 8628 and 8668 to 8683
Support should appear near 8499 to 8484

March SP500
Recommended Open BW Position Short at 905.00
Resistance is at 904.40 to 906.00 .Beyond that sellers should appear near 914.00 to 915.60.
Support should appear near 896.40 to 893.40 and the 887.10 to 885.60 region

Nasdaq Composite
Resistance is at 1399.5 and 1415 to 1421
Support should appear near 1383 to 1377 and 1361.50

March Mini Nasdaq 100
Resistance is at 1047 and 1058 to 1068
Support is at 1036 to 1032 and1015.5

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

Precious Metals

Feb Gold
Support should appear at 331.9 then 329.4 and 323.7 , below that 321.3 to 319.4 should hold.
Resistance is at 332.8 and the 337.7 to 338.6

March Copper
Support should appear near 7345 to 7325 and 7255 to 7245
Resistance should appear near 7415 to 7430 then 7485 to 7515 and 7585 to 7605.

March Silver
Support should appear near 471.5 to 469.0 and 465 to 463.5
Resistance is at 477.5 to 478.5 and 484.5 to 485.6

The Exciting Energies
January Crude Oil
Recommended Open BW Position Long at 2730
Support should appear near 2775 to 2758 and 2724 to 2716
Resistance is at 2829 and the 2874 to 2883 region.

January Unleaded Gas
Resistance should appear near 8195 to 8225 and the 8300 to 8315 region
Support is at 8135 to 8115 and 8045 to 8025

January Heating Oil
Resistance is at 8025 to 8045 and 8115 to 8135
Support should appear near 7955 to 7940 and 7865 to 7835

January Natural Gas
Resistance is at 5.200 to 5.211 and 5.344 to 5.356
Support is at 4.995 to 4.973 and 4.856 to 4.845

The Lively Livestock

February Live Cattle
Resistance should appear near 7762 to 7777 and 7832 to 7862
Support is at 7692 to 7672

February Hogs
Support should appear near 5197 and 5142 to 5127 .
Resistance is at 5257 to 5282 and 5342 to 5357

February Pork Bellies
Recommended Open BW Position Long at 8250
Support should appear at 8407 to 8392 and 8317 to 8297 .
Resistance is at 8482 to 8502 and 8657 to 8587, beyond that a test of 8667 to 8682 is likely. A close over is friendly and augurs for a test of 8762 to 8777 Aggressive BW traders should go long if a close over 8692 occurs..

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

Jan Soybeans
Resistance is at 579 3/4 to 580 3/4 and 584 1/2 to 585 3/4
Support should appear near 573 to 571 1/2

March Soymeal
Support should appear near 165.5 to 164.3 and 161.5 to 160.9
Resistance is at 168.9 to 169.6

March Soybean Oil
Resistance is near 2219 to 2226 and 2247
Support should appear near 2185 to 2170 and the 2134 to 2126 region.

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

March Wheat
Recommended Open BW Position, Long 383
Support should appear at 349 1/4 and 338 3/4 to 337 3/4
Resistance is at 355 1/2 to 356 1/2 and 361 1/4 to 362 1/4

The Satisfying Softs

March Cocoa
Support is at 1996 to 1982 and 1953 to 1946
Resistance should appear near 2034 to 2042 and 2080 to 2088

March Coffee
Recommended Open BW Position, Long 6755
Support should appear near 5955 to 5945 and 5880 to 5855
Resistance should appear near 6165 to 6190 and 6335 to 6350

March Sugar
Support should appear near 738 to 735 and 712 to 704.
Resistance should appear near 751 and the 763 to 767 region .

March Cotton
Recommended Open BW Position, Long 2 at 5005 avg
Support should appear near 4915 and 4855 to 4845
Resistance is at 4975 to 4995 and 5035 to 5065

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

Thursday, December 12th, 2002
6:55 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.