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 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

                                         The ‘Frenzied’ Forex Front

Thursday December 26th, 2002
5:00 PM   Eastern Standard Time

March Yen
Support should appear near 8352, a close under is negative and augurs for a test of 8314 to 8300 and most likely the 8223 to 8195 region
Resistance should appear near 8391 to 8406

March Euro Currency (EC)
Support should appear at 10320 and 10285, below that 10225 should hold.
Resistance is at 1.0340 to 1.0360 and 104.70

March Swiss Franc
Resistance should appear near 7170 and 7206
Support should appear near 7115 and the 7088 to 7074 region.

March British Pound
Support should appear near 1.5912 then 1.5862 and the 1.5760 to 1.5690 region.
Resistance should appear near 1.6090 to 1.6150.

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

March Aussie Dollar
Support is at 5577 to 5553 and 5529
Resistance is at 5608 and 5640 to 5653 ... BW Traders should go long if a close over 5657 occurs.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8445 then 8484 to 8499 and the 8560 to 8589 region.
Support should appear near the 8406 to 8391 region A close under augurs for a test 8314 to 8300

March SP500
Resistance is at 893.40 to 896.40 then 900.40 and the 904.40 to 906.00 region. Beyond that sellers should appear near 914.00 to 915.60.
Support should appear near 887.1 to 885.60, a slip or close under is negative and augurs for a test of 877.70 to 876.20

Nasdaq Composite
Resistance is at 1377 to 1383 and the 1415 to 1421 region
Support should appear near 1361.5 and 1346 to 1334

March Mini Nasdaq 100
Resistance is at 1032 to 1036 and 1058 to 1068.
Support is at 1005 to 1000 and 984.00 to 982.00

March Ten Year T-Notes
Resistance should appear near 114-22 . beyond that a test of 115-07 is likely
Support is at 114-03 and 113-23

The Precious Metals
Feb Gold
Support should appear at 349.3 and 346.8 , under that buyers should appear near 344.3 to 342.5 and 338.6 to 337.7.
Resistance is at the 355.3 to 356.3 region. Beyond that a test of 361.3 to 362.3 is likely.

March Copper
Support should appear near 7005 to 6990 and the 6920 to 6905 region.
Resistance should appear near 7075 to 7090 and 7145 to 7170.

March Silver
Support should appear near 471.5 to 469.5 and 465 to 463.5.
Resistance is at 477.5 to 478.5 and 484.5 to 485.5

The Exciting Energies

Feb Crude Oil
Support should appear near 3213 to 3194 then 3157 to 3148 and 3102 to 3092.
Resistance is at 3261 to 3270 and the 3319 to 3328 region

Feb Unleaded Gas
Resistance should appear near 9315 to 9345 and 9425 to 9445
Support is at 9155 to 9140 then 9060 to 9045 and 8965 to 8935

Feb Heating Oil
Resistance is at 9140 to 9160 and 9235
Support should appear near 9060 to 9045 and 8870 to 8855.

Feb Natural Gas
Resistance is at 5.036 to 5.067 and 5.127 to 5.139
Support is at 4.926 to 4.915 and 4.856 to 4.845

                            The Lively Livestock

February Live Cattle
Resistance should appear near 7937 to 7957 and 8025 to 8045
Support is at 7867 to 7832

February Lean Hogs
Support is at 5357 to 5342.
Resistance is at 5432 . Beyond that sellers should appear near 5492 to 5507 . BW Traders can sell at 5492 and risk a close over 5587 for three days in a row,.,

February Pork Bellies
Recommended Open BW Position Long at 8850
Support should appear at 8872 to 8857 and 8777 to 8762
Resistance is at 8932 to 8967 and the 9043 to 9062 region.

-Stay tuned for Belly Updates and Flashes-

The Grande’ Grains

March Soybeans
Support is at 557 3/4 to 555 1/2
Support should appear near 564 to 565 1/2.
BW Traders should go long if a close over 572 3/4 occurs..

March Soymeal
Support should appear near 164.2 and 161.5 to 160.9.
Resistance is at 168.9 to 169.6... A close over augurs for a test of 173.1 to 173.8..
BW Traders should go long if a close over 169.9 occurs

March Soybean Oil
Recommended Open BW Position Long at 2138
Resistance should appear near 2170 to 2185.
Support should appear near 2134 to 2126 and 2088 to 2080.

March Corn
Resistance should appear near 246 1/4 to 246 3/4
Support is at the 241 3/4 to 241 1/4 and the 237 to 235 1/2 region.

March Wheat
Recommended Open BW Position Long at 2 at 350 3/4
Support should appear at 337 1/2 and 332 3/4 to 331 3/4
Resistance is at 342 1/2 to 344 1/2


                             The Satisfying Softs
March Cocoa
Support is at 2042 to 2034 and the 1996 to 1982 region..
Resistance should appear near 2080 to 2088 , a close over is friendly and augurs for a test of 2126 to 2134

March Coffee
Support is near 6100 then 6035 to 6025 and 5955 to 5945
Resistance should appear near 6165 to 6190 then 6255 to 6270 and 6335 to 6350

March Sugar
Support should appear near 739 to 735 and 712 to 704.
Resistance should appear near the 763 to 767 region. A close over is friendly and augurs for a test of the 791 to 795. Beyond that sellers should appear near 814 to 823.
BW Traders should go long if a close over 771 occurs.

March Cotton
Nearby Support should appear near the 5140 to 5125 region.. Below that buyers should appear near 5065 to 5035..

Resistance is at 5255 to 5285 and the 5345 to 5355 region.

Ship in Harbor is Safe.. But that is not what ships are built for –

Happy Trading !

Bill
wil@futurescom.com 1-561-433-2995

Thursday, December 26th, 2002
6:00 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.