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FuturesCom Investment Publications
Bi-Weekly Investment Outlook
November 17th  2001
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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"A man can have great mathematical ability and unusual power of accurate observation and yet fail in speculation unless he also possesses the experience and memory. " -Reminiscences of a Stock operator-


Bi-Weekly Investment Outlook
Saturday November 17th, 2001

7:45  AM

                                            Financial Markets 

On the Frenzied Forex Front

December Japanese Yen
Support should appear near the 8135 to 8119 region. Below that buyers should appear near 8044 to 8029..
Traders can buy at 8045 for a turn higher and risk a close under 7955 for three days in a row..Under that support should appear near 7865 to 7830...

Resistance
should appear near  8195 to 8223, a close over is friendly and augurs 'pop' towards the  8300 to 8314 region. Beyond that resistance should appear  near 8351 and the 8391 to 8406 region Beyond that sellers should appear near 8484 to 8499... Traders can sell at 8483 and risk a close over 8590 for three days in a row.. .

Traders should go long if a close over 8223 occurs

December Euro FX
Recommended open position  long 2 at 8910
Support is at 8818 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 8856 to 8871, a close over 8871 is friendly and augurs for a test of  8934 to 8964 and eventually 
the 9044 to 9060 region..  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 8964 occurs..
stay tuned for Updates…  

December Swiss Franc
Recommended Open Position Long at 6035
 
Resistance should appear near 6068 then 6101 to 6113 and 6165 to 6190. Beyond that a test of 6257 to 6270 is likely. Above that 6337 to 6350 should cap a rally..   
Support
should appear near 6023 and the 5957 to 5945 region. Below that buyers should appear near 5880 to 5855 and the 5805 to 5792 region.

December
  British Pound
Recommended Position Long 1.4716
Support should appear near 1.4210 to 1.4150 and should contain a decline .. a close under 1.4150 is negative and augurs for a test of 1.3990. 
Resistance is at 1.4372 and 1.4436 .. Beyond that a test of 1.4530 to 1.4590 is likely.

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 5211 to 5200 and 5139 to 5127 .. Traders can buy at 5176 and risk a close under 5125 for three days in a row,.. Below that buyers should appear near 5067 to 5036 and the 4995 to 4973 region .. 

Resistance
should appear near 5250 to 5282, a close over is friendly and augurs for a test of the 
5345 to 5355  region.. . Beyond that sellers should appear near 5418 to 5430...

Traders should go long if a close over 5282 occurs
 
The Sensational Bond and Stock Markets

March 10 Year  T-Note
Resistance should appear near 106-17 to 106-22 . Above that sellers should appear near 107-07 then 107-18 and the 108-09 region... 
Support
is at 105-12. a close under 105-12 is negative and augurs for a test of the 104-22 to 104-17 region...
Under that a test of 103-23 region is likely.  

Dow Jones Industrial Average
Resistance
should appear near 9888 and the 9921 to 9937 region. A close over is friendly and augurs for a test of    10,0021 to 10,037. Beyond that Sellers should appear near 101,04 to 101,36 and the 10,320 to 10,360 region 

Support
is at 9837 to 9821, a close under is negative and augurs for a test of 9737 to 9707  Below that buyers should appear near 9641 to 9625 and contain a sell off..A slip under augurs for a test of 9542 to 9526 and the 
9445 to 9429 region. 

December SP500
Recommended Position Short 4 1094.70
Resistance is at 1150 and the 1164 to 1169 region .. Traders can sell at 1166.40 for a turn lower, risk a close over 1169 for three days in a row.. Beyond that a test of 1180.50 and the 1192 to 1203 region is likely. A close over 1203 is friendly and augurs for a test of 1217.5 and the 1232 to 1238 region...

Support should appear near 1136 to 1130, a slip under indicates an eventual test of 1115.5. Below that buyers should appear near 1101 to 1096.Below that support is at 1068 to 1063 and 1058..

Stay Tuned for BW Updates . 

Nasdaq Composite
Resistance
is at 1902 to 1909 .Beyond that Sellers should appear near 1946 to 1953 and the 1982 to 1996  region. 
Beyond that a test of 2034 to 2042 is likely.. A close over 2034 is friendly and indicates a trade towards the 2080 to 2088 region..

Support is at 1883 and the 1865 to 1858 region.. A close under  is negative and indicates a test of 1822 to 1808  then 1780 to 1774 and the 1738 to 1731 region. 

December Mini- Nasdaq 100
Resistance
is at 1609 to 1615 and the 1642 to 1655 region, a close over 1655 is friendly and augurs for a test of 1689 to 1696 and the 1731 to 1738 region. Beyond that sellers should appear near the 1775 to 1780 region

Support is at 1576 to 1569 and the 1535 to 1529 region.. A close under 1529 is negative and augurs for a test of  1496 to 1484.. Below that support is at 1459 to 1453..    


                                                              Precious Metals

December  Gold
Recommended Open Position : Long  283
Support  should appear near 272.5 to 271.6  Below that buyers should appear near  267.2 to 266.3 and the 262 to 261.2 region 
Resistance is at 275.8 to 277.5, a close over 277.5 is friendly and augurs for a test of 282 to 282.8..  

February  Gold
Recommended Open Position : Long  275.7

December Copper
Support should appear near 6755 to 6740 and 6670 to 6655. Below that 6590 to 6575 should hold.. 

Resistance
should appear near 6905 to 6920 and the 6990 to 7005 region. Beyond that a test of 7140 to 7170 and eventually the 7255 to 7270 region is likely.. 

December Silver
Recommended Position Long 412.5

Support 
should appear near the 405.5 to 404.5 and the 393 to 391  region which should contain a decline for a bit... Under that support is near 387.5 to 385.

Resistance is at 411.5 to 412.5 and 416 to 418.5, a close over 418.5 is friendly and augurs for an eventual  test of the 423.5 to 425 region. 

March Silver
Recommended Position Long 412.5


                                    The Exciting Energies  

January Crude Oil
Support should appear near 1822 to 1808 and the 1780 to 1774 region . Below that buyers should appear near 
1696 to 1689 and 1609 to 1615 .

Resistance is at the 1858 to 1865 and 1902 to 1909, a close over 1909 is friendly and augurs for a test of 1982 to 1996 and the 2034 to 2056 region.. 

January
Unleaded Gas
Support should appear near 4995 to 4975 and 4925 to 4915 , under that a test of 4785 to 4775 is likely

Resistance is at the 5125 to 5140.. Beyond that sellers should appear near 5255 to 5280 and the 5345 to 5355 region.. Above that Sellers should appear near 5495 to 5505... 

Stay tuned for Updates..    

January Heating Oil
Resistance is at 5415 to 5430 and the 5550 to 5575 region  Beyond that resistance should appear near the |
5715 to 5730.. Above that a test of 5855 to 5880 is likely   
Support should appear near 5210 to 5200 and the 5065 to 5035 region  Below that buyers should appear near 
4925 to 4915  

Trade Accordingly


The Lively Livestock Markets

Feb Cattle
Support should appear near 6837 to 6807 and 6757 to 6742.. Traders can buy at 6752 for a bounce , risk a close under 6707 for three days in a row.. Below that support should appear near 6672 to 6652 under that 6592 to 6577 should contain a decline.

Resistance is at 6907 to 6922 region... .Beyond that 6987 to 7002 should cap a rally for a bit... Above that sellers should appear near 7072 to 7087.. traders can sell at 7072 for a turn lower and risk a close over 7172 for three days in a row. 

February Lean Hogs
Support is at  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  5417 to 5432 then 5492 to 5507 and  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 7427 to 7417 and 7342 to 7327 then 7257 to 7242 and the 7172 to 7142 region... Traders can buy at  7172 and hold for higher prices.. Under that Buyers should appear near 7092 to 7072 and the 7002 to 6987 region..  
Resistance
is at 7482 to 7512 and the 7587 to 7602 region  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 444 3/4
Resistance is at 457 1/4 to 458 1/2 and the  463 3/4 to 465 region ..Beyond that a trade towards the  469 1/2 to 471 1/2 region is likely. A close over 471 3/4 is friendly and augurs for a test of 484 1/2 to 485 3/4 

Support should appear near 444 3/4 to 442 1/2 and 438 1/4 to 437 under that 431 1/2 to 430 1/2  should 
contain a decline.... Below that 425 to 423 1/2 should hold.

Traders go long if a close over 458 3/4 occurs.. 

December Soybean Meal
Recommended Position Long 161.5
R
esistance should appear near the 168.9 to 169.6 region.. Beyond that a trade towards the 173.1 to 173.8 region is likely.
Support
is at 164.2 and 162.8 .. Below that support should appear near 161.5 to 160.9..  Below that 157.1 
should contain  a decline.

January 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 

March Corn
Resistance should appear near 221 3/4 to 222 3/4 , a close over is friendly and augurs for a test of 226 3/4 to 
227 1/2  and eventually the 231 1/2 to 232 1/4 region.
Support should appear near the 217, under that buyers should emerge near the 213 1/2 to 212 3/4  region..   
Below that 208 3/4 to 208 should hold. 

December Wheat  
Recommended Open Position Long 2 at  286 avg 

Nearby Support
should appear near 288 1/4 to 287.. Below that buyers should appear near 282 3/4 to 282 
and the 277 3/4 to 275 1/2..region... Below that  272 1/2 to 271 3/4  should contain a decline..

Resistance is at 292 3/4 to 293 3/4 , 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  Beyond that a test of 309 1/4 to 310 1/2 is likely. 

Aggressive Traders should go long if a close over 293 3/4 occurs.. 

March Wheat
Recommended open position Long at 290  
Support should appear near 293 3/4 to 292 1/2 and the 288 1/4 to 287 region .. below that Buyers should appear near 282 3/4 to 282.. while good support should appear near 277 1/2 to 275 3/4.. 

Resistance is at 297 1/2  to 299 and the 303 3/4 to 304 1/2 region.. Beyond that resistance should appear near 
314 1/2 to 315 3/4 

Traders should go long if a close over 304 1/2 occurs...


The Satisfying Softs

March Cotton  
Support should appear near  the 3685 to 3660 and the 3445 to 3425 region. Under that buyers should appear near 3390 to 3370. Below that 3215 to 3195 should hold.. 
Resistance is at 3735 to 3745  and 3855 to 3865.. A close over is friendly and augurs for a test of 3980 to 3995..
Beyond that a test of 4110 to 4120 is likely..  

March Coffee
 
Support is near 5140 to 5125 and 5070 to 5035.. Traders can buy at 5035 for a turn higher and risk a close under 4915 for three days in a row,  Under that 4785 to 4775 should hold..  

Resistance
should appear near 5200 to 5210 , a close over 5210 is friendly and augurs for a test of  5345 to 5355 and the 5490 to 5505 region.. Beyond that a test of 5555 to 5580 is likely..  

Stay tuned for updates

March Sugar
Resistance  should appear near 735 to 738 and the 763 to 767 region.. Beyond that sellers should appear near 
791 to 795.  


Support
should appear near 712 to 704 and the 686 to 682 region .. Below that buyers should appear near 656 and the 634 to 630 region.  
609 to 601 region.                                                

Trade Accordingly

March Cocoa
Resistance is at 1304 to 1310 and the 1334 to 1346 .Beyond that a test of 1377 to 1383 is likely  
Above that sellers should appear near 1415 to 1421.. Traders can sell at 1415 and hold for lower prices.. 
Support should appear near 1238 to 1232 and the 1203 to 1192 region.. Traders can buy at 1203 and risk a close under 1164 for three days in a row,...Below that Support should appear 1136 to 1130 

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

Happy Trading !
Bill ! 

Saturday November 17th, 2001  
8:30 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 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.

-----------------------------------------------------------------------------------------
Premier Service
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 11-16-2001
Long 10 Dec EC 8958
Short 10 Dec SP500 1137.20 avg
Long 10 Dec Gold 282
Long 10 Dec Wheat 285 3/4 avg
Long 10 Jan Beans 438
Long 10 March Wheat 290
Long 25 Dec Hogs / Short 25 Feb Hogs + 495
Long 5 Feb Pork Bellies 7390
Long 5 March Coffee 4905

Index Program 
http://www.futurescom.com/index01.htm
Recommended Open Position as of 11-16-2001
Short 4 Dec SP500 1092.80 avg

Morning Comment  Day Trades (MC):
http://www.futurescom.com/mcper01.html
 

                                                    Thanksgiving Holiday Schedule
 

All Markets are Closed on Thursday. November 22nd.  The following schedule details early  closings and holiday-suspended trading for U.S. markets  Wednesday, Nov. 21, and Friday, Nov. 23. 
 
CBT: Chicago Board of Trade agricultural and interest rate contracts will close at 1200 CT Wednesday and Friday. Stock index contracts will observe normal trading schedules Wednesday, but will close at 1215 CT Friday. Electronic a/c/e trading for financials and metals will close at 1230 CT Wednesday. All other a/c/e trading will close at its normal time. Overnight a/c/e trading will be closed Wednesday. On Thursday, overnight a/c/e trading will be closed for mini-sized precious metals futures. Electronic a/c/e trading will reopen at its normal evening times for all other contracts. On Friday, a/c/e trading will be closed for mini-sized precious metals futures. Agricultural a/c/e contracts will close at their normal time of 0600 CT, with stock index contracts at 1215 CT and financials and other precious metals contracts at 1230 CT. 

CME: Chicago Mercantile Exchange agricultural, currency and interest rate contracts will close at 1200 CT Wednesday and Friday for pit and Globex2 electronic trading. Equity contracts will trade normal hours Wednesday for both pit and Globex2, but will close at 1215 CT Friday. On Thursday, Globex2 will halt trading at 1030 CT and resume at 1730 ET. 
 
KCBT: Kansas City Board of Trade wheat futures and options will close at  1200 and 1210 CT, respectively, Wednesday and Friday. Stock index contracts will trade normal hours Wednesday but will close at 1215 CT Friday. 

MGE: Minneapolis Grain Exchange futures will close at 1210 CT Wednesday and Friday, with options closing at 1215 CT. 

MIDAM: The CBT's MidAmerica Commodity Exchange livestock, currency and 
eurodollar contracts will close at 1215 CT Wednesday and Friday, with grain 
contracts closing at 1230 CT those days. 

NYBOT: The New York Board of Trade listed these closings for its subsidiaries: 

CSCE: The Coffee, Sugar and Cocoa Exchange will be closed Friday. 

FINEX: The Financial Instrument Exchange's New York day session will close at 1300 ET Wednesday and Friday for all products. Dublin will trade its usual hours Wednesday and Friday. 

NYCE: The New York Cotton Exchange's cotton and frozen concentrated orange juice contracts will be closed Friday. 

NYFE: The New York Futures Exchange will trade regular hours Wednesday except for the CRB, which will close at 1315 ET. All contracts will close at 1315 ET Friday. 

NYMEX: All New York Mercantile Exchange contracts will be closed Friday. Access trading will be closed Wednesday and will reopen at 1900 ET Sunday. NYSE: The New York Stock Exchange will close at 1300 ET Friday.