FuturesCom Investment Publications

Dedicated to Excellence in Analysis of Futures Markets
Bi-Weekly Investment Outlook (BW) Sunday Aug 20th, 2000

Bonds.. SP500.. Forex.. Precious Metals.. Energies..Grains.. Livestock.. Softs

Featuring Bi-Weekly Investment Outlooks,  Special Reports,  Morning Comments and More

Experienced Since 1979 & Serving Professional and Individual Futures Traders World Wide since 1988

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"Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable - ranks high. There are certain chances that the most prudent man is justified in taking - chances that he must take if he wishes to be more than a mercantile mollusk--” Reminiscences of a Stock Operator-.

 

 

Premier Service

 
Sunday, August 20, 2000
7:00 AM

 

 

The Sensational Stock and Bond Markets

Sept SP500

Resistance is at 1504.25 then 1512.5 to1515.50.. Beyond that sellers should appear near 1517 . A close over 1512.5 is friendly and augurs for a test of  1529 to 1535 

 

Support is at 1496 to 1493  Below that buyers should appear near 1490 to 1487. Under that buyers should appear near the 1484 region..An extended failure under 1484 augurs for a test of 1471.5  and the1465.5 region.

 

 

Stay Tuned for Updates

 

Trade Accordingly..

 

Sept mini - NASDAQ 100

Nearby Support is at 3806 to 3795 and 3743 to 3734, under that buyers should appear near 3709 and the 3682 to 3663 region .. Below that support is at 3623 to 3613

A close under 3613 augurs for a test of the 3563 and the 3503 to 3493  region.

 

Resistance remains near the 3838 and the 3858 to 3868 region. Beyond that Sellers should appear near 3909 to 3929 and the 3982 to 3992 region. A close over 3992 is friendly and augurs for a test of 4046 to 4056 and eventually the 4110 to 4120 region..

 

Dow Jones Industrial Avg.

Resistance should appear near 11,087. A close over 11,087 is friendly and augurs for an eventual test of 11,155 and more likely the 11,300 to 11,360 region

 

Support should appear near  11,010 and 10,985 to 10,960 Under that support should appear near 10,870 and  the 10,820 region. Which should contain a decline basis the close.  

 

Cash NASDAQ
Resistance
is 3962 and 3982 to 3992.. A close over 3992 is friendly and augurs for a test of 4040 to 4056 and beyond towards the 4110 to 4120 region . Above that resistance is near 4163 to 4183 and 4238 to 4249

 

Support should appear near 3929 to 3909. A close under 3909 augurs for a test of  3867 to 3857 and the 3806 to 3795 region which should contain a decline for a bit. Below that buyers should appear near 3743 to 3736 then 3709  and 3682 to 3662 . 

 

Trade Accordingly

 

Sept Bonds

 

Support should appear near 99-25 and 99-18..  Under that support should appear near 99-07 and contain a decline. Below that Buyers should appear at 98-27 and the 98-12 region.

 

Resistance is at 100-13 then 100-20. Above that resistance is at 101-07 to 101-12  and then 102-26 region, which should cap a rally..

 

 

The Frenzied Forex Front

 

Sept Japanese-Yen

Support should appear near 9235 and 9221. Traders can buy at 9237 and hold for higher prices..Below that support should appear near the  9203 to 9190 region.. Under that 9156 to 9140 should contain a decline. Under that 9065 to 9045 should hold.

 

Resistance remains near 9311 to 9316 and the 9331 to 9347 region..A close over 9331 is friendly and augurs for a test of 9364 to 9388 and 9429 to 9445 . Beyond that sellers should appear near 9487 region.  

 

Traders should go long if a close over 9331 occurs.

 

Trade Accordingly and Stay Tuned for Flashes and Updates

 

Sept Swiss Franc

 

Resistance should appear near 5830 and 5855  Traders can sell at 5854 and hold for lower prices…  Above that sellers should appear near 5867 to 5880 and 5912.. Beyond that Sellers should appear near 5940 to 5957.  Aggressive  Traders can sell at 5945 and hold for lower prices, risk a close over 5957 for three days in a row..

 

Support should appear near the 5805 and 5792 to 5786..which should contain a decline for a bit.  A close under 5792 augurs for a test of  5729 to 5716 and 5653 to 5640.

 

Stay tuned for Flashes...

Sept Euro

Resistance  should appear near 9100 and 9140 to 9156. Traders can sell at 9100 for a quick turn lower , risk a close over 9157 for two days in a row.. Beyond that sellers should appear near 9172 then 9197 and 9235.

 

Support is at 9060 to 9040 then 9021, however a close under 9040 is negative and augurs for a test of 8992 and most likely the 8964 to 8934 region is likely.

 

Trade Accordingly..

Sept British Pound

Support should appear near the 1.4900  to  1.4840 and 1.4770.  Under that 1.4714 should contain the decline for a bit.. Traders can buy at 1.4716 and hold for higher prices

Under that buyers should appear near 1.4670 then 1.4590 to 1.4530.

 

Resistance is at  1.4960 then 1.5032 to1.5042 and 1.5126 Beyond that 1.5290

 to 1.5350 should Cap a rally.

 

Sept Canadian Dollar
Support
is at 6782 and the 6755 to 6741 region under that buyers should appear near  6707. A close under 6707 is negative and augurs for a test of  6673 to 6659.

Resistance is at .6809 and the 6823  to 6836 region. Above that a test of 6872 then 6909 to 6922 is likely.

 

Pick your Poison ,Trade Accordingly and Stay tuned for FuturesCom's  Forex flashes 

 

                                                 Precious Metals

 

Dec Gold

Support is at 280.4 and 279.80 Traders can buy at 279.90 and hold for higher prices..Below that  support is at  277.5 to 275.8 and 272.4 to 271.6.

 

Resistance is at  282. to 282.9.. A close over 282.90 is friendly and augurs for a test of   284.40 and 285.2 beyond that a test of 287.4 to 288.3 is likely

 

Traders should go long if a close over 282.9 occurs..

 

Sept Copper

Support is at  8585 to 8560, a close under 8560 augurs for a test of  8505 to 8485. Below that support is at 8405 to 8390. Under that buyers should appear near 8315 to 8300.

 

Resistance should appear near 8665 to 8685, Traders can sell at 8685 and risk a  close over 8870 for three days in a row. Above that sellers should appear near 8760 to 8775 and the 8855 to 8870 region..Beyond that  resistance is at 8935 to 8965 and the

9040 to 9065 region.

 

Dec Silver

Support should appear at  near 491.5. Below that buyers should appear near 486 to 484.5. .. Traders can buy at 486.5 and hold for higher prices.. Below that support is at 478.5 to 477.5 and 471 .5 to 469.5

Resistance is at 492.5 then 497 to 499.5  A close over 499.5 is friendly and augurs for a test of 505.5 to 506.5 then 512.5 to 514.5

 

Stay tuned for Flashes

The Exciting Energies

Oct  Crude

Resistance is at  3188  to 3194 and 3213. Beyond that sellers should appear near  3237 to 3242 then 3261 to 3270, which should Cap a rally for a bit.. Above that 3319 to 3328 and the 3377 to 3386 region offers resistance.

 

Support is at 3148 then 3124..a close under 3148 augurs for a test of 3102 to 3092 and eventually the 3070 to 3068 region, under that buyers should appear near 3045 to 3036.
Failure there indicates a test of  2990 to 2972 and the 2937 to 2928 region.

 

Oct  Unleaded Gas


Support
should appear near 8685 to 8665 then 8590 to 8565 and the 8495 to 8480 region. Under that buyers should appear near 8410 to 8390 and the 8315 to 8300 region.

 

Resistance  should appear near  8760 to 8780    Above that resistance should appear near 8855 to 8870 and the 8935 to 8965 region. Beyond that sellers should appear near 9035 to 9060.

 

 

Oct Heating Oil

Resistance is at 8965. Above that sellers should appear near 9040 to 9060 and the 9140 to 9157 region. Beyond that resistance is at 9235 and should cap the rally for a bit,

Above that sellers should appear near 9315 to 9345 and the 9425 to 9445 region

 

Support is near 8870 to 8855 then 8775 to 8760 and the 85 to 8665 region  A close under 8665 is negative and augurs for a test of 8590 to 8560 and the 8499 to 8484  region.   

 

Stay Tuned for Energy Updates

 

The Grand Grains

Nov  Beans

 

Support should appear near 465 to 463, traders can buy at 465 for a turn higher ,initially plan on risking  a close under 457 for three days in a row.. Below that buyer should appear near  458 3/4 to 457 and the 451 1/2 to 450 1/3 region. Under that support is at  447 1/2 to 444 3/4 and the  438 to 437.region, where buyers should step in and contain a decline.. 

 

Resistance is at  469 1/2 to 471 3/4 . A close over 471 3/4 is friendly and augurs for a test of 477 1/2 to 478 3/4 and eventually the 484 1/2 to 485 3/4 region which should cap a rally for a bit. Beyond that sellers should appear near 491 1/2 to 492 3/4.. Traders can sell at 491 1/2 and hold for lower prices..

 

Traders should go long if a close over 471 3/4 occurs.

 

 

Dec Soybean Meal

Support  should appear near 153.5 to 152.9  and 151.3. Under that buyer should appear near 149.6 to 148.4 

 

Resistance is at 156.9 to 157.6 , a close over 157.6 is friendly and augurs for a test of 158.2 and eventually the 160.9 to 161.5 region 

 

Dec SoyBean Oil

Support is near the 1576 to 1569 region. Under that 1525 to 1529 should contain

 a decline.

Resistance should appear near  1609 to 1615 and 1628 then 1642 to 1655

 

Dec Corn

Resistance should appear near 190 1/4 to 191  and 194 3/4 to 195 1/2.

Support  should appear 186 1/2 to 185 1/4 and 182 1/4 to 180 3/4.

 

Dec Wheat

Support is at 256 3/4 to 255 1/2, traders can buy at 255 3/4 and risk a close under 249 for three days in a row. Under that support is at 252 to 251 1/4 and the 247 to 246 region. Below that buyers should appear near 237 to 235

 

Resistance is at 261 1/2 to 262, a close over 262 is friendly and augurs for a test of the 266 1/2 to 267 1/2 region.. Beyond that a trade towards 271 3/4 to 272 1/2  and 275 3/4 to 277 1/2 where sellers should appear is likely.

 

Traders should go long if a close over 262 occurs.

 

Trade Accordingly  and Stay Tuned for Updates in the Grain Markets

 

The Satisfying Softs

Dec Cotton

Support should appear near 6510 to 6480 and 6430 to 6415 under that buyers should appear near 6350 to 6335. Traders can buy at 6350 and hold for higher prices..

 

Resistance is at 6575 to 6590 . Beyond that resistance is at 6655 to 6675.  A close over 6675 is friendly and augurs for a test of  6740 to 6755 and eventually the 6810 to 6835 region.

 

Traders should go long if a close over 6675 occurs

 

Trade Accordingly

 

Dec  Coffee
Support
is  near the 8315 to 8300 region Under that buyers should appear near  8225 to 8195 then 8045 to 8025.

 

Resistance should appear near 8390 to 8410 , a close over 8410 augurs for a test of 8490 to 8500 and eventually the 8560 to 8590 region. Above that a  test of the 8665 to 8685  is likely.

 

Traders should go long if a close over 8410 occurs.

 

Oct Sugar
Resistance
is at 1082 then1096 to 1101.  Beyond that Resistance should appear near 1130 to 1136 and the 1164 to 1169 region.

Support is at 1068 to 1063 then 1058. Under that buyers should appear near 1036 to 1032 and the 1005 to 1000 region

 

Trade Accordingly

 

Dec Cocoa


Resistance
is at 814 to 823 and 835.

Support  is at 795 to 791 then 779 and 767 to 763  under that buyers should appear near the 739 to 735 region.  

 

The Lively Livestock

 

Oct Cattle


Support
is near 6787 and the 6752 to 6737 region. Under that buyers should appear near 6672 to 6657 , traders can buy at 6672 and hold for higher prices..

 

Resistance is at  6822 to 6837, a close over 6837 is friendly and augurs for a test of   6877 and the 6907 to 6922 region Beyond that sellers should appear near 6957 and the 6992 to 7002 region//

 

Traders should go long if a close over 6837 occurs..

 

Oct hogs

Support should appear near 5342 to 5332 and 5317, aggressive traders can buy at 5317 for a bounce and hold for higher prices.. Under that support should appear near 5282 to 5257   Below that buyers should appear near 5212 to 5197 and  5142 to 5127 which should contain a decline for a bit. Under that buyers should appear near 5067 to 5037.. Traders can buy at 5067 for turn higher, risk a close under 5037 for three days in a row.

 

Resistance should appear near 5377 to 5387 and 5417 to 5432 . A close over 5432 is friendly and augurs for a test of 5492 to 5507 and most likely the 5552 to 5577 region  . Beyond that sellers should appear near 5607 and the 5637 to 5652 region.

Traders can sell at 5607 and risk a close over 5657 for three days in a row.

 

Feb Bellies

Support is at 6672 to 6657 and the 6592 to 6577 region. Below that buyers should appear near the 652 to 6482 region . Under that support is at 6432 to 6417 . Below that 6352 to 6337 should contain a decline.  Traders can buy at 6352 and hold for higher prices..

 

Resistance is at 6742 to 6757. A close over 6757 is friendly and augurs for a test of 6812 to 6837 and the 6907 to 6922 region Where sellers should appear, beyond that resistance is at 6992 to 7002 . Above that sellers should appear near  7072 to 7087

 

Stay tuned for Livestock Updates.

 

A ship in Harbor is Safe.. But that's not what ships are built for.

 

Happy Trading

Bill 

Sunday August 20th, 2000

12:15 PM

 

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 IS 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.

 

Copyright @ 2000 FuturesCom investment Publications All Rights Reserved

FuturesCom is Not Responsible for electronic or transmission errors.

FuturesCom Investment Publications

 

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BW Recommended Open Positions as of 8-18-2000

Long Sept Sp500 1498.3

Short 2 Oct Crude 3167

Short Sept Heating Oil 8560

 

MC recommended Open Positions : NONE

 

Index Recommended Open Positions :

Long 2 Sept Dow 11090