FuturesCom Investment Publications
Bi-Weekly Investment Outlook, Sunday August 12th, 2001
Socio Economics, Stock Index Futures: SP500 - Dow Jones Industrial Avg- Nasdaq
Bonds-Forex-Energy-Precious Metals-Livestock-Grain and Soft Commodity Future Markets
Bi-Weekly Investment Outlooks & Archives Index Flashes Morning Comments Special Reports
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Many an Optimist has become Rich by Buying out a Pessimist”
--Robert G. Allen, Multiple Streams of Income
Sunday August 12th, 2001
2:00 AM
The Sensational Stock and Bond Markets
Sept SP500
Nearby Resistance is at 1192 to 1203 , an extended trade over or close over is friendly and augurs for an eventual test of 1232 to 1238. Beyond that sellers should appear near 1253. However an extended trade or close over 1253 is friendly and traders should not rule out a test of 1268 to 1274 and eventually the 1304 to 1310 region.. If it holds
Nearby Support should appear near 1180.5 and 1169 to 1164 , which should contain a decline basis the close.. Under that support should appear near 1150 then1136 to 1130 while buyers should appear near 1101 to 1096 .. Traders can buy at 1101 and risk a close under 1096 for three days in a row.
Aggressive traders should go long if a close over 1197.50 occurs .
Trade Accordingly and Stay Tuned for Updates
Dow Jones Industrial Avg
Resistance should appear near 10,425 and 10,470, beyond that a test of the 10,580 to 10,680 region is likely. A close over 10,680 is friendly and augurs for an eventual test of 10,820 and the 10,960 to 11,010 region.
Support is at 10,415 Under that buyers should appear near the 10,360 to 10,320 region.. Below that support should appear near 10,255 and 10,185 and the 10,136 to 10,104 region… Under that 10,037 to 10,031 should contain a sell off basis the close
Sept Bonds
Resistance should appear near 104-17 and 104-24 .. Beyond that sellers should appear near 105-07 and 105-23.. Beyond that a test of 106-04 is likely.
Support is at 103-23 , failure there augurs for a test of 1 03-04 and 102-23 , traders can buy at 102-23 and risk a close under 102-06 for three days in a row. Under that support should appear near 101-19 and 101-11.. Below that buyers should appear near 100-22.
The Frenzied Forex Front
Support should appear near 8194, a slip under augurs for a test of 8119 then 8082 and the 8044 to 8029 region, which should contain a decline for a bit.. Below that a test of 7954 to 7939 and the 7864 to 7836 region is likely.. Traders can buy at 7864 for a bounce risk a close under 7836 for three days in a row ..
Nearby Resistance should appear near 8223. A close over 8223 is friendly and augurs for an eventual test of the 8300 to 8314 region.. Which should cap a rally for a bit.. Beyond that sellers should appear near 8351.and 8391 to 8406…traders can sell at 8350 and risk a close over 8407 for three days in a row..
Stay Tuned for Updates…
Support is at 8871 to 8856 and the 8777 to 8762 region.. a slip under augurs for a test of 8628
Resistance is at should appear near 8934 to 8964…Beyond sellers should appear near 9040 to 9060 and the 9140 to 9156 region , which should cap any rally for a bit
Trade Accordingly and stay tuned for Updates.
Sept Swiss Franc
Resistance should appear near 5912 and the 5945 to 5957 region. Traders can sell at 5945 and risk a close over 5960 for three days in a row.. Beyond that 6023 to 6035 should Cap any rally.. for a bit..
Support should appear near 5880 to 5855 , a close under 5855 augurs for a test of 5805 to 5792 where buyers should appear.
Traders should go short if a close under 5855 occurs..
Stay tuned for Flashes and Updates .
Sept British Pound
Support should appear near 1.4210 to 1.4150.. A slip under augurs for a test of 1.3992. A close under 1.3992 is negative and augurs for a test of 1.3830 to 1.3770.. Under that 1.3610 should contain a decline.. .. Traders can buy at 1.3610 and risk a close under 1.3460 for three days in a row..
Resistance is at 1.4290 beyond that sellers should appear near 1.4336 and 1.4368. Traders can sell at 1.4388 and hold for lower prices.. Above that sellers should appear near the 1.4530 to 1.4590 region and Cap a Rally.. Traders can sell at 1.4530 and hold for lower prices…
Trade accordingly and stay tuned for flashes
Sept Canadian Dollar
Support should appear at 6483.below that buyers should appear near the 6430 to 6417 region. Traders can buy at 6430 for a bounce and risk a close under 6417 for three days in a row.. Under that 6350 to 6337 should contain a decline..
Resistance is at 6494 to 6509, an extended trade over is friendly and augurs for an eventual test of 6577 to 6591.. Beyond that a test of the 6659 to 6672 region is likely.
Traders can go long if a close over 6509 occurs..
Trade Accordingly and Stay tuned for FuturesCom's Forex Flashes
Precious Metals
Dec Gold
Support should appear near 275.8 and 274.1 , under that support is at 272.4 to 271.6. A close under 271.6 is negative and augurs for a test of 269.4 and 267.2 to 266.3.
Resistance is at 277.4 and the 282 to 282.9 region. Beyond that sellers should appear near 287.4 to 288. Beyond that a test of 292.8 to 293.7 is likely.
Trade Accordingly
Sept Copper
Support should appear near 6590 to 6575 ,,under that buyers should appear near the 6510 to 6480 region.. Below that 6430 to 6415 should contain the decline for a bit. Traders can buy at 6510 for a turn higher , risk a close under 6410 for three days in a row..
Resistance should appear near 6655 to 6670, a close over is friendly and augurs for a test of 6740 to 6755 and the 6805 to 6835 region..
Sept Silver
Support should appear near 412 and 405.5 to 404.5, which should contain a decline for, a bit.. Below that buyers should appear near 387 to 385.5.. Traders can buy at 387.5 and risk a close under 379.5 for three days in a row.
Resistance is at 4416.5 to 418.5 and the 423.5 to 425 region . A close over 425.5 is friendly and augurs for a test of 430 to 431.5 and eventually the 442.5 to 444.5 region
Traders should go long if a close over 425.5 occurs
Trade Accordingly and stay tuned for Flashes
Exciting Energies
Oct Crude
Resistance is at 2758 to 2775.. Above that resistance should appear near
2820 to 2829 and the 2874 to 2883 region. Beyond that sellers should appear near 2928 to 2837..Traders can sell at 2928 and risk a close over 2990 for three days in a row..
Support is at 2724 to 2716 a slip under augurs for a test of 2672 to 2662 and eventually the 2620 to 2612 region .Below that buyers should appear near 2568 to 2552 Under that a test of 2519 to 2511 and eventually 2469 to 2461 is likely .. Traders can buy at 2470 and risk a close under 2411 for three days n a row
Oct Unleaded Gas
Support should appear near 7605 to 7580 and 7515 to 7485 t.. below that a test of 7345 to 7325 and the 7255 to 7245 region is likely to occur.. . Below that support is at 7170 to 7140.. Under that buyers should appear near 7005 to 6990 and contain a decline for a bit..
Resistance is at the 7765 to 7780 region Above that resistance is at 7835 to 7865 and the 7940 to 7955 region. Beyond that sellers should appear near 8030 to 8045 and Cap a rally…
Stay tuned for Updates ..
Oct Heating Oil
Resistance is at 7515 then 7585 to 7605 and the 7675 to 7690 region.. Beyond that resistance should appear near the 7765 to 7780 region.. Above sellers should appear near and the 8025 to 8045 region and cap a rally…
Support should appear near 7430 to 7415 and the 7345 to 7325 region. A close under 7325 is negative and augurs for a test of 7170 to 7140 .. Below that support is at 7005 to 6990.. and the 6835 to 6805 region .. Traders can buy at 6835 and risk a close under
6655 for three days in a row…
Stay Tuned for Energy Updates
The Grand Grains*
Resistance is at 512 1/2 to 514 and 520 to 521 1/4.. a close over is friendly and augurs for a test of the 5341/2 to 535 3/4 region and beyond towards 549 1/4 to 550 1/2 .
Eventually a test of 564 to 565 3/4 and the 571 3/4 to 573 region should not be ruled out if it holds..
Nearby Support is at 506 3/4 to 503 3/4 then 499 1/2 to 497 1/2 region and 492 3/4 to 491 1/2... Aggressive traders can buy at 506 3/4, initially plan on a risking a close under 491 1/4 for three days in a row.. Below that support should appear near the 485 3/4 to 484 1/2 region…Under that buyers should appear near 478 3/4 to 477 1/2 ..Below that support should appear near 465 to 463 3/4 and contain a decline..
Traders should go long if a close over 521 1/4 occurs
Stay tuned for Updates
Dec Soy Meal
Resistance should appear near the 168.9 to 169.6 and the 173.1 to 173.8 region. Beyond that a trade towards 177.4 to 178.0 and eventually the 180.8 to 182.2 region is likely..Above that sellers should appear near 185.8 to 185.6 and the 190.2 to 190.9 region.
Support is at 165.5 to 164.2 and 161.5 to 160.9 .. traders can buy at 165.5 and risk a close under 160.9 for three days in a row.. Below that support should appear near 157.6 to 156 and the 153.5 to 152.9 region
Dec Soybean Oil
Support is near 1953 to 1946 and the 1909 to 1902 region .. Below that buyers should appear near 1865 to 1858.. Traders can buy at 1909 and risk a close under 1858 for three days in a row.. Under that support is at 1822 to 1808 . Below that buyers should appear near 1780 to 1774 and contain any decline..
Resistance should appear near the 1982 to 1996 region. Beyond that sellers should appear near 2034 to 2042 and the 2080 to 2088 region.. .Above that 2126 to 2134 should cap a rally for a bit.. Traders can sell at 2126 for a turn lower.. risk a close over 2185 three days in a row..
Dec Corn
Resistance should appear near 235 1.2 to 237 then 241 1/4 to 241 3/4 and the
246 to 246 region. Above that a test of 251 ½ to 252 is likely
Support should appear near 232 1/4 to 231 1/2 and 2271/2 to 226 3/4…Under that 222 3/43 to 221 3/4 should contain a decline .. Traders can buy at 227 3/4 and risk a close under 221 1/2 for three days in a row. Below that support is at 218 1/2 to 217
Dec Wheat
Support should appear near 282 3/4 to 282 and the 277 1/2 to 275 3/4 region Below that buyers should appear near the 272 1/2 to 271 3/4 region.. Under that support
should appear near 267 1/2 to 266 1/4 Failure there augurs for test of 262 to 261.2
Resistance is at the 287 1/2 to 288 1/2 region. A close over is friendly and augurs for a test of 292 3/4 to 293 3/4… Above that resistance is at 297 1/4 to 299. Beyond that a test of 303 3/4 to 304 1/2 and the 309 to 310 1/4 region is likely to occur.
Traders should go long if a close over 288 1/2 occurs
Dec Cotton
Support should appear near 3930 to 3910 and 3865 to 3855 under that 3805 to 3795 should contain further declines..
Resistance is at 4045 to 4055 and 4110 to 4120 , an extended trade over is friendly and indicates a test of 4235 to 4245
Dec Coffee
Support is near the 5140 to 5125 and the 5065 to 5035 region. . Below that support is at 4925 to 4915 under that 4855 to 4855 should contain the decline..
Resistance should appear near 5255 to 5280 .. Beyond that a test of 5345 to 5355 is likely .. A close over 5345 is friendly and augurs for a test of 5415 to 5430 and the
5490 to 5505 region is likely
Traders should go long if a close over 5280 occurs..
Stay tuned for updates…
Oct Sugar
Resistance should appear near 779 ..Beyond that a test of 791 to 795 is likely.. Above that sellers should appear near the 814 to 823 region and cap a rally for a bit..
Beyond that 836 should cap a rally for a bit.. Traders can sell at 836 and risk a close over 855 for three days in a row..
Support should appear near 763 then 751 and the 739 to 735 region.. Below that 712 to 704 should contain any decline for a bit.. Traders can buy at 712 and risk a close under 703 for three days in a row.
Dec Cocoa
Support is at 1005 to 1000 and the 972 to 968 region.. Under that support should appear near 941 to 932 and should contain a decline basis the close . .
Resistance should appear near 1032 to 1036 then 1058to 1068 and the 1096 to 1101 region..
Trade Accordingly and stay tuned for Flashes ..
Oct Cattle
Nearby Support should appear near 7342 to 7327, traders can buy at 7342 and risk a close under 7327 for three days in a row.. Under that support is at 7257 to 7242 and the 7172 to 7137 region.
Resistance is at 7412 to 7427 and the 7487 to 7512 region.. Beyond that 7587 to 7602 should cap a rally for a bit.. Traders can sell at 7587 and risk a close over 7607 for three days in a row.
Support is at 6102 and the 6037 to 6022 region .. Below that buyers should appear near 5957 to 5942 and the 5880 to 5855 region.. Traders can buy at 5962 and risk a close under 5852 for three days in a row.. Below that support is at 5805 to 5790 and the 5732 to 5717 region.
August Bellies
Support should appear near 9937 to 922 then 9837 to 9822 and 9737 to 9707.. Under that support is at 9642 to 9622 and the 9542 to 9527 region .. Below that support should appear near 9447 to 9422 and the 9347 to 9317region.
Resistance is at 10022 to 10037 and the 10102 to 10137 region.. Beyond that a trade towards the 10317 to 10362 region is likely.
Support should appear near 7867 to 7837 and 7687 to 7672.. Under that support should appear near the 7602 to 7587 region .. Below that Buyers should appear near
7342 to 7322 and the 7172 to 7142 region.
Resistance is at 8027 to 8047 and the 8192 to 8227 region.. Beyond that sellers should appear near 8392 to 8407 and the 8762 to 8777 region.
Stay tuned for Livestock Updates and Flashes
--A ship in Harbor is Safe.. But that's not what ships are built for --
Happy Trading !
Sunday August 12h, 2001
7:45 AM
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.
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Bi Weekly Investment Outlook (BW)
Archives: http://www.futurescom.com/bwparc.htm
Recommended Open positions as of 8-10-2001
Long Dec Gold 268.4
Short 2 Sept EC 8848 avg.
Short Sept Swiss Franc 5791
Short Sept Unleaded Gas 7765
Long Dec Cotton 4090
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Morning Comments ( MC)
Archives: http://www.futurescom.com/mcper01.html
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Premier Service
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 8-10-2001
Long 5 Sept SP500 1218.50
Short 15 Sept EC 8668 avg.
Short 10 Sept Swiss Franc 5912
Long 10 Sept Wheat 282 1/2
Long 10 Dec Soymeal 170.7
Long 5 Aug Bellies 9950