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Bi-Weekly Investment Outlook
November 3rd, 2001
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
"Accomplishments will prove to be a journey, not a destination"
--Dwight D. Eisenhower--
Bi-Weekly Investment Outlook
Saturday November 3rd, 2001
4:15 PM
Financial Markets
On the Frenzied Forex Front
December Japanese Yen
Support should appear near the 8223 to 8195 region. BW Traders can buy at 8225 for a good bounce, risk a close under 8195 for three days in a row. Below that support should appear near 8135 to 8119
and the 8044 to 8029 region..
Resistance should appear near 8300 to 8314 and 8351, a close over is friendly and augurs for a test of the 8391 8407 region. Beyond that resistance should appear near 8445 and the 8484 to 8499 region. Above that sellers should appear near 8560 to 8589..Traders can sell at 8559 and risk a close over 8630 for three days in a row.
Traders should go long if a close over 8263 occurs
December Euro FX
Support is at 9001.. Traders can buy at 9001 and hold for higher prices.. Under that buyers should appear near the 8964 to 8934 region... Below that support should appear near 8871 to 8856 and the 8777 to 8762 region.....Failure there augurs for an eventual test of 8683 to 8668 .. Traders can buy at 8683 for a bounce, risk a close under 8619 for three days in a row.. .
Resistance is at 9044 to 9060 and 9101 Beyond that sellers should appear near 9140 to 9156 and 9234 .. Above that a test of 9317 to 9347 region is likely..
Aggressive traders should go long if a close over 9044 occurs..stay tuned for Updates…
December Swiss Franc
Support should appear near 6113 to 6101 then 6035 to 6023 and the 5957 to 5945 region. Traders can buy at 5957 and risk a close under 5945 for three days in row
Traders should go long if a close over 6139 occurs
December British Pound
Recommended Position Long 1.4716
Support should appear near 1.4530 then 1.4486 and 1.4362.. Below that 1.4210 to 1.4150 should contain a decline.
Resistance is at 1.4710 and 1.4840 to 1.4960 .. which should cap a Rally.. However most likely will not as an advance towards the 1.5290 to 1.5350 region in the next few months seems inevitable...
December Canadian Dollar
Recommended position long at 6360
Support should appear at 6270 to 6256.below that buyers should appear near the 6225 to 6190 region.
Resistance is at 6337 to 6350, an extended trade over is friendly and augurs for an eventual test of the 6417 to 6430 and the 6483 to 6509 region....
December Australian Dollar
Support is at 5067 to 5036 and the 4995 to 4973 region .. Traders can buy at 5052 and risk a close under 5037 for three days in a row.. Below that 4926 to 4915 should contain a decline..
Resistance should appear near 5127 to 5139 and the 5200 to 5211 region.. . Beyond that sellers should appear near
5259 to 5282...
Traders should go long if a close over 5139 occurs
The Sensational Bond and Stock Markets
10 Year December T-Note
Resistance should appear near 111-17 then 112-04 . Above that sellers should appear near 112-22 and 113-07 Traders can sell at 113-07 for a turn lower, risk a close over 114-02 for three days in a row..
Support is at 110-12. a close under 110-12 is negative and augurs for a test of the 109-22 to 109-17 region...
Traders can buy at 109-12 and risk a close under 108-17 for three days in a row..
Dow Jones Industrial Average
Resistance should appear near 9347. A close over 9347 is friendly and augurs for an eventual test of 9383 and the 9422 to 9446 region. Above that resistance should appear near 9526 to 9542 and Cap a rally for a bit. Beyond that resistance is at 9625 to 9645....
Support is at 9316 then 9236 and 9156 to 9140.. Under that a test of the 9060 to 9044 region is likely.
A close under is negative and augurs for a test of 8964 to 8934 and eventually the 8875 to 8855 region.. Below that buyers should appear near 8780 to 8760 and contain a sell off..A slip under augurs for a test of 8590 to 8560 and the 8410 to 8390 region.. .
December SP500
Recommended Position Short 2 1075.8
Resistance is at 1096 to 1101 and 1115.5. Above that a test of 1130 to 1136 is likely..Beyond that resistance is at 1150 and the 1164 to 1169 region .. Traders can sell at 1163.90 for a turn lower, risk a close over 1169 for three days in a row..
Support should appear near 1082 and 1068 to 1063 then 1058. a close under 1058 is negative and augurs for a test of 1036 to 1032 and eventually the 1005 to 1000 region while buyers should appear near the 993.7 to 992.1 and the 983.7 to 982.20 region....a close under is negative and indicates a test of the 973.70 to 970.60 region....Traders can buy at 973.80 and hold for higher prices......
Stay Tuned for BW Updates ....
Nasdaq Composite
Resistance is at 1774 to 1780 and should continue to Cap a rally ..Beyond that Sellers should appear near 1800 to 1822 and the 1858 to 1865 region.
Support is at 1738 to 1731 and the 1696 to 1689 region.. A close under 1689 augurs for a test of 1655 to 1642 and eventually 1615 to 1605...
December Mini- Nasdaq 100
Resistance is at 1453 to 1459 and the 1484 to 1496 region.. Beyond that sellers should appear near the 1529 to 1535 region and Cap the rally for a bit..Above that resistance should appear near 1569 to 1576 and the 1609 to 1615 region.
Support is at 1421 to 1415, failure there is negative and augurs for a test of 1383 to 1377 and eventually the 1346 to 1334 region..Below that buyers should appear near 1310 to 1304 while a close under augurs for a test of the 1274 to 1268 and eventually the 1238 to 1232 region..
Precious Metals
December Gold
Recommended Open Position : Long 2 288.9 avg
Support should appear near the 277.5 to 275.8 region..Under that buyers should appear near 272.5 to 271.6..Below that support should appear near 262 to 261.2
Resistance is at 282 to 282.8,a close over 282.8 is friendly and augurs for a test of 292.8 to 293.7 and eventually the 309.2 to 310.2 region
Trade Accordingly and tuned for updates..
December Copper
Support should appear near 6035 to 6025 should contain the decline for a bit.. Under that a test of 5880 to 5850 is likely.. Traders can buy at 5885 and hold for higher prices...
Resistance should appear near 6255 to 6270 and 6335 to 6355 a close over is friendly and augurs for a test of 6485 to 6510 and 6570 to 6590..Traders can sell at 6570 and risk a close over 6675 for three days in a row..
December Silver
Recommended Position Long 2 at 434.7
Support should appear near the 411 region which should contain a decline for a bit... Under that support is near 399.5 to 398 and 387.5 to 385.
Resistance is at 416 to 418.5 and 423.5 to 425, a close over 425 is friendly and augurs for an eventual test of the 442.5 to 444.5 region.
The Exciting Energies
December Crude Oil
Resistance is at 2034 to 2042, a close over is friendly and augurs for a test of 2126 to 2134 and more likely the 2219 to 2226 region.. Beyond that a test of 2315 to 2322 is likely to occur..
Support is at 1953 to 1946, traders can buy at 1946 and hold for higher prices, risk a Close under 1858
for three days in a row.. Below that buyers should appear near the 1780 to 1774 region.
Traders should go long if a close over 2042 occurs..
December Unleaded Gas
Support should appear near 5355 to 5340.. Traders can buy at 5360 and risk a close under 5255 for three days in a row.. Below that buyers should appear near 5210 to 5200 and the 5140 to 5125 region .
Resistance is at the 5490 to 5505 and the 5550 to 5575 region, a close over is friendly and augurs for a test of 5715 to 5730 and the 5790 to 5805 region.. Beyond that 5855 to 5880 should Cap a Rally for a bit.
Stay tuned for Updates..
December Heating Oil
Recommended position long at 6190
Resistance is at 5855 to 5880 and 5945 to 5960 Beyond that resistance should appear near the 6025 to 6035
region.. Beyond that a test of 6165 to 6190 is likely..
Support should appear near 5805 to 5790 and 5730 to 5715... Below that buyers should appear near
5655 to 5640 and the 5580 to 5550 region.
Trade Accordingly
The Lively Livestock Markets
December Cattle
Support should appear near 6672 to 6652 under that 6592 to 6577 should contain a decline..
Resistance is at 6742 to 6757 and 6807 to 6837 region., a close over is friendly and augurs for a test of the
6907 to 6922 region... .Beyond that 6987 to 7002 should cap a rally for a bit...
Traders should go long if a close over 6757 occurs.
December Hogs
Traders can buy at 5142 and risk a close under 5032 for three days in a row.
Resistance is at 5347 to 5357 and the 5417 to 5432 region.. Beyond that a test of 5552 to 5577 is likely..
February Hogs
Support is at 5427 to 5417 and 5357 to 5347 and 5287 to 5257. Under that buyers should appear near the 5212 to 5197 region ..Traders can buy at 5297 and risk a close under 5197 for three days in a row.
Resistance is at 5492 to 5507 and the 5552 to 5577 region.. Beyond that a test of 5637 to 5657 is likely..
A close over augurs for a test of 5792 to 5807 and beyond..
February Pork Bellies
Support should appear near 7342 to 7327 then 7257 to 7242 and the 7172 to 7142 region... Traders can buy at Under that buyers should appear near the 7172 and hold for higher prices.. Under that buyers should appear near 7092 to 7072 and the 7002 to 6987 region..
Resistance is at 7417 to 7427.. A close over 7427 is friendly and augurs for a test of 7512.. Beyond that a trade towards 7762 to 7777 is likely..
Stay tuned for Livestock Updates and Flashes
The ‘Grand’ Grain Markets
January Soybeans
Recommended Position Long 440
Nearby Resistance is at 443 to 444 1/2 and the 450 to 451 1/2 region beyond that a test of 463 3/4 to 465 and eventually the 469 1/2 to 471 1/2 region is likely
Nearby Support should appear near 431 1/2 to 430 1/2 and 424 1/2 to 423 under that 418 1/2 to 416 1/2 should contain a decline....
Traders go long if a close over 444 3/4 occurs..
December Soybean Meal
Recommended Position Long 166.5
Resistance should appear near the 165.5, a close over 165.5 is friendly and augurs for a test of 168.9 to
169.6 . Beyond that a trade towards the 173.1 to 173.8 region is likely.
Support is at 162.8 .. Below that support should appear near 161.5 to 160.9.. Traders can buy at 161.5 and hold for higher prices... Below that 157.1 should contain a decline.
December Soybean Oil
Support is near 1576 to 1569 and 1535 to1529. Under that buyers should emerge near the 1496 to 1484 region
Resistance should appear near the 1609 to 1615 and the 1642 to 1655 region, a close over is friendly and augurs for a test of 1689 to 1696 and eventually the 1731 to 1738 region
December Corn
Resistance should appear near 203 1/2 to 204 1/4 , a close over is friendly and augurs for a test of 208 to 208 3/4 and eventually the 212 3/4 to 213 1/2 region..
Support should appear near the 199 3/4 to 198 1/2, under that buyers should emerge near the 195 1/2 to 194 3/4 region..
December Wheat
Support should appear near 282 3/4 to 282 and 277 3/4 to 275 1/.2.... Traders can buy at 282 3/4 and risk a close under 275 1/2 for three days in a row. Below that buyers should appear near 272 1/2 to 271 3/4.
Resistance is at 288 1/4, a close over is friendly and augurs for a test of 297 1/2 to 299 and eventually the 303 3/4 to 304 1/2 region ..
Aggressive Traders should go long if a close over 288 1/4 occurs..
Stay Tune for Updates and Flashes..
The Satisfying Softs
December Cotton
and the 2775 to 2755 region..
Resistance is at 3145 to 3155 and 3195 to 3225 .. Beyond that sellers should appear near 3315 to 3325.
Dec Coffee
Resistance should appear near 4695 to 4715 and the 4845 to 4855 region..
Stay tuned for updates
March Sugar
Resistance should appear near 682 to 686 region. Beyond that sellers should appear near 704 to 712 and should cap a rally for a bit..Above that resistance should appear near 735 to 738..
Support should appear near 656 and the 634 to 630 region. Under that buyer should appear near the
609 to 601 region.
December Cocoa
Support is at the 1005 to 1000. Under that support should appear near 972 to 968.
Resistance should appear near 1032 to 1036.. beyond that resistance is at 1058 to 1068 while a trade towards
1096 to 1101 is likely
--A ship in Harbor is Safe.. But that's not what ships are built for --
Happy Trading !
Bill !
Sunday November 4th, 2001
7:00 AM
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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Premier Service
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 11-2-2001
Long 5 Dec Yen 8289
Long 5 Dec Swiss Franc 6139
Long 10 Dec Gold 282
Long 10 Dec Hogs 5392
Long 4 Feb Hogs 5550
Long 10 Dec Wheat 285 3/4 avg
Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 11-2-2001
Short 2 Dec SP500 1063.30
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html