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, Wed October 16th, 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
Description of Services Premier Service

Tuesday October 15th, 2002
11:30 PM eastern standard time

The ‘Frenzied’ Forex Front

December Yen
Recommended Open BW Position Long 8047
Support should appear near 8029 and 7955 to 7934
Resistance should appear near 8081 and 8119 to 8134

December Euro Currency (EC)
Support should appear at 9779 and 9737 to 9706
Resistance is at 9821 to 9837.

December Swiss Franc
Recommended Open BW Position Long 2 at 6783 avg
Resistance should appear near 6741 to 6755 .
Support should appear near 6673 to 6659

December British Pound
Support should appear near 1.5426 then 1.5350 to 1.5290 and 1.4960 to 1.4840…
BW Traders can buy at 1.5356 for a turn higher and hold for higher prices..
Resistance is at 1.5522 and 1.5586.

December Canadian Dollar
Support should appear near the 6270 to 6257
Resistance is at 6305 and 6337 to 6350

December Aussie Dollar
Recommended Open BW Position Long at 5461
Support is at 5430 to 5418.
Resistance should appear near 5462 and the 5492 to 5504 region

                 The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8300 to 8314 and 8391 to 8406
Support should appear near to 8223 to 8194 and 8134 to 8115

December SP500
Resistance is at 876.20 to 877.70 then 885.60 to 887.10 and 904.40 to 906.00 which should contain any excitement for a bit..
Support should appear near 868.30 to 866.80 and 858.90 to 856.00 and the 840.90 to 839.10 region

Nasdaq Composite
Resistance is at 1289 and 1304 to 1310
Support should appear near 1274 to 1268 and 1238 to 1232

December Mini Nasdaq 100
Resistance is at the 931.50 to 935.00 region then 943.00 to 944.50 and 952.50 to 954.50
Support is at 923 and 915.50 to 914.00 then 906.00 to 904.50 and 896.50 to 893.50

December Ten Year T-Notes
Resistance should appear near 113-23 and 114-07.
Support is at 113-07 and 112-23

Precious Metals

December Gold
Recommended Open BW Position Long at 323.9
Support should appear at the 310.20 to 309.3.
Resistance is at 314.8 to 315.7
.

December Copper
Support should appear near the 6670 to 6655 region.
Resistance should appear near 6740 to 6755 and 6855 to 6870.

December Silver
Support should appear near 425 to 423 below that buyers should appear near 412 to 411 ..
BW Traders can buy at 412.5 and risk a close under 404 for three days in a row.. .
Resistance is at 437 to 438.5

The Exciting Energies

December Crude Oil
Recommended Open BW Position Long 2996
Support should appear near 2937 to 2928 and 2883 to 2874
Resistance is at 2972 to 2990 and 3013

November Natural Gas
Resistance is at 4.238 to 4.246 and 4.305 to 4.315
Support is at 4.183 to 4.163 and 4.183 to 4.163

November Unleaded Gas
Support should appear near 8405 to 8390 and 8315 to 8300.
Resistance is at 8485 to 8500 then 8560 to 8590 and the 8665 to 8685 region.

November Heating Oil
Recommended Open BW Position Long at 8090
Resistance is at 8115 to 8135 and 8195 to 8225
Support should appear near 8020 then 7955 to 7940 and 7865 to 7835

The Lively Livestock
December Live Cattle
Support should appear near 7172 to 7142
Resistance should appear near the 7242 to 7257 region and 7325 to 7342.
BW Traders can sell at 7242 for a turn lower and risk a close over 7357 for three days in a row.

December Hogs
Recommended Open BW Position Short at 3977
Support is at 4147 to 4232 then 4182 to 4162 and 4122 to 4107
Resistance is at 4302 to 4317 and 43767 to 4382

Feb Hogs
Support is at 4787 to 4772 and 4717 to 4692
Resistance is at the 4842 to 4857 region and 4912 to 4927

February Pork Bellies
Support should appear at 7512 to 7487 and 7432 to 7412
Resistance is at 7672 to 7692 and the 7762 to 7777 region..

-Stay tuned for Livestock and Belly Updates and Flashes-

The Grande’ Grains

November Soybeans
Recommended Open BW Position, Long at 556 3/4 avg
Resistance is at 549 1/2 to 550 3/4 and 555 1/2 to 557 3/4
Support should appear near 543 to 541 3/4 and 535 3/4 to 534 1/2

December Soymeal
Support should appear near 169.6 to 168.9 and the 165.5 to 164.2 region
Resistance is at 173.1 to 173.8 and 177.4 to 178.0
BW Traders should go long if a close over 173.9 occurs.

December Soybean Oil
Recommended Open BW Position, Long 1996
Resistance is near 2034 to 2042
Support should appear near 1996 to 1982 and 1967

Dec Corn
Recommended Open BW Position, Long 252 1/4
Resistance should appear near 256 3/4 and 261 1/4 to 262
Support is at 247 to 246 3/4

December Wheat
Support should appear at 399 1/4 to 398 1/2 and 393 to 390 3/4
Resistance is at the 404 3/4 to 405 3/4 and 411 to 412

The Satisfying Softs

December Cocoa
Resistance is at 2315 to 2322 and 2354 to 2370
Support should appear near 2275 to 2267 and 2226 to 2219

December Coffee
Support is near 6925 to 6905 and 6835 to 6805
Resistance should appear near 6990 to 7005 and 7070 to 7090

March Sugar
Support should appear near 704 then 694 and 686 to 682
Resistance should appear near 712 and the 735 to 739 region.

December Cotton
Support should appear near 4380 to 4370 and 4315 to 4305 .
Resistance is at 4425 to 4445 and 4505 to 4515

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, October 14th 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.