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FuturesCom Investment Publications
Bi-Weekly Investment Outlook
December 2nd, 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
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--
Bi-Weekly Investment Outlook
Sunday December 2nd, 2001
5:45 AM
Financial Markets
On the Frenzied Forex Front
December Japanese Yen
Support should appear near the 8081 and the Below that buyers should appear near 8044 to 8029..
A close under is negative and augurs for a test of 7955 to7939. 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 8119 to 8134 and the 8195 to 8223 region, 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 8134 occurs
December Euro FX
Support is at 8934 and 8901. Traders can buy at 8902 and hold for higher prices.. Under that buyers should appear near 8871 to 8856 and 8818... Failure there augurs for an eventual test of 8777 to 8762 . Traders can buy at 8818 for a bounce, risk a close under 8762 for three days in a row.. .
Resistance is at 8964..A close over is friendly and augurs for a an eventual test of 9044 to 9060 . 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
Resistance should appear near 6101 to 6113.. A close over is friendly and augurs for a test of 6165 to 6190.
Beyond that a trade towards the 6257 to 6270 is likely is likely to occur..
Support should appear near 6068 and the 6035 to 6023 region. Traders can buy at 6068 for a turn higher and risk a close under 6023 for three days in a row. Below that buyers should appear near 5957 to 5945.
December British Pound
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
Support should appear at 6350 to 6337 and 6270 to 6256... Traders can buy at 6305 and risk a close under 6255 for three days in a row, Below that buyers should appear near the 6225 to 6190 region.
Resistance is at 6417 to 6430 and the 6483 to 6509 region.... Beyond that sellers should appear near 6577 to 6591
Traders can sell at 6576 and hold for lower prices,, Above that resistance is at 6659 to 6671 and should cap a rally for a bit..
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
Stay tuned for Forex Updates
The Sensational Bond and Stock Markets
March 10 Year T-Note
109-07 to 109-12..
Support is at 106-22 and 106-12 then 105-23 and 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. Under that a test of 9347 to 9316 is likely..
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 1133 and 1130, a slip under is negative and indicates a test of 1115.5 and eventually the 1101 to 1096 region.. .Below that support is at 1082 under that buyers should appear near the 1068 to 1063 region and 1058..
Traders should go short if a close under 1129.90 occurs
Stay Tuned for BW Updates .
Nasdaq Composite
Resistance is at 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 1909 to 1902 and 1883.. Under that buyers should appear near 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
February Gold
Recommended Open Position : Long 273.5
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..
Traders should go long if a close over 277.5 occurs.
Support should appear near 7255 to 7240 and the 7170 to 7140 region . Below that support is at 7090 to 7070.
Under that 7005 to 6990 should hold. Traders can buy at 7005 and risk a close under 6805 for three days in a row,
Below that 6755 to 6740 should contain a decline
Resistance should appear near 7325 to 7345 and the 7485 to 7515 region.. Beyond that a test of 7760 to 7775 is likely .. Above that sellers should appear near 7935 to 7960 and the 8025 to 8045 region.. Traders can sell at 8030 and risk a close over 8225 for three days in a row.. .
March Silver
Support should appear near 412.5 to 411.. Traders can buy at 412.5 and hold for higher prices.. Under that support should appear near 405.5 to 404.5, which should contain a decline for a bit... Below that buyers should appear near 387.5 to 385. Traders can buy at 388 and hold for higher prices..
Resistance is at 416 to 418.5, a close over 418.5 is friendly and augurs for an eventual test of the 423.5 to 425 region. Beyond that a test of 430.5 to 431.5 and the 437 to 438 region is likely..
Traders should go long if a close over 418.5 occurs.
The Exciting Energies
January Crude Oil
Support should appear near 1909 to 1902 and 1822 to 1808 . Below that buyers should appear near
1738 to 1731 and 1696 to 1689 .
Resistance is at the 1946 to 1953, a close over is friendly and augurs for a test of 1982 to 1996 and the 2034 to 2056 region.. Beyond that sellers should appear near 2126 to 2134 and 2219 to 2226..
January Unleaded Gas
Support should appear near 5210 to 5200 and 5065 to 5035 then 4995 to 4975 and 4925 to 4915 , under that a test of 4785 to 4775 is likely
Resistance is at the 549 to 5505 and.. Above that Sellers should appear near 5715 to 5730 and the 5855 to 5880 region .
Stay tuned for Updates..
January Heating Oil
Resistance is at 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. a close over is friendly and augurs for an eventual test of 6100 to 6115..
Support should appear near 5210 to 5200 and the 5065 to 5035 region Below that buyers should appear near
4925 to 4915 and the 4855 to 4845 region.
Trade Accordingly
The Lively Livestock Markets
Feb Cattle
Support should appear near 6922 to 6907 and 6837 to 6807 then 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 7072 to 7087 and 7142 to 7172.. Traders can sell at 7072 for a turn lower and risk a close over 7172 for three days in a row. Beyond that resistance should appear near 7327 to 7342..
February Lean Hogs
Support is at 5505 to 5490 then 5432 to 5417.. Under that buyers should appear near 5357 to 5347 and 5287 to 5257. Below that support 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 5552 to 5577.. Beyond that a test of 5637 to 5657 is likely.. A close over augurs for a test of 5792 to 5807 and beyond towards the 5942 to 5957 region..
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February Pork Bellies
Support should appear near 7777 to 7762 and 7602 to 7587... Traders can buy at 7607 for a bounce and hold for higher prices.. Under that Buyers should appear near 7512 to 7487 and the 7427 to 7432 region.. Traders can buy at 7432 for a bounce and risk a close under 7327 for three days in a row.
Resistance is at 7937 to 7957. Beyond that sellers should appear near 8027 to 8042 and the 8117 to 8132 region..
Above that 8192 to 8227 should Cap a rally.. Traders can sell at 8027 and risk a close over 8137 for three days in a row.
Stay tuned for Livestock Updates and Flashes
The ‘Grand’ Grain Markets
January Soybeans
Recommended Position Long 444 3/4
Resistance is at 450 1/2 to 451 1/2... a close over is friendly and augurs for a test of 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 and eventually 491 1/2 to 492 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 buyers should appear near 425 to 423 1/2 and the 412 to 411 region .. Under that 399 1/2 to 398 should hold.
Traders go long if a close over 451 3/4 occurs..
January Soybean Meal
Resistance should appear near the 156.9 to 157.6 .. Beyond that a trade towards the 160.9 to 161.5 region is likely.
A close over 161.5 is friendly and augurs for a test of 164.2 to 165.5
Support is at 153.5 and 152.9 .. Below that support should appear near 149.6 to 148.4.. Below that 142.1
to 141.5 should contain a decline.
January Soybean Oil
Support is near 1615 to 1609 and 1576 to 1569 then 1535 to1529. Under that buyers should emerge near the
1496 to 1484 region
Resistance should appear near 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 ..
Trade Accordingly..
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 218 1/2 to 217. Under that buyers should emerge near the 213 1/2 to 212 3/4 region.. Traders can buy at 218 3/4 and risk a close under 212 3/4 for three days in a row.. Below that 208 3/4 to 208
should hold.
March Wheat
Recommended Open Position Long 2 at 287 3/4 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... Under 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..
The Satisfying Softs
March Cotton
Resistance is at 3980 to 3995..Beyond that a test of 4110 to 4120 is likely.. Above that sellers should appear near
4235 to 4250 and the 4505 to 4515 region..
March Coffee
Recommended open position long 5035
Resistance should appear near 4695 to 4715 and the 4845 to 4855 region, a close over 4855 is friendly and augurs for a test of 4975 to 4995 and the 5035 to 5065 region.. Beyond that a test of 5125 to 5140is likely..
Stay tuned for updates
March Sugar
Resistance should appear near 791 to 795, beyond that a test of 814 to 823 and eventually the 847 to 852 region is likely.
Support should appear near 763 and the 739 to 735 region .. Below that buyers should appear near 712 to 704
March Cocoa
Resistance is at 1346 .Beyond that a test of 1377 to 1383 is likely Above that sellers should appear near
1415 to 1421.. Beyond that 1453 to 1459 should cap the rally for a bit.. Above that sellers should appear near 1415 to 1421.. Traders can sell at 1415 and hold for lower prices..
Support should appear near 1310 to 1304 and 1274 to 1268 ...Below that buyers should appear near 1238 to 1232 and the 1203 to 1192 region.. Traders can buy at 1238 and risk a close under 1192 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 !
Sunday December 2nd, 2001
10:55 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 11-30-2001
Short 2 Dec SP500 1141 avg
Long 10 Feb Gold 274.0
Long 20 Jan Beans 445 3/4 avg
Long 20 March Wheat 287 3/4 avg
Long 5 Dec Hogs 5030
Long 5 Feb hogs 5445
Long 5 March Coffee 4905
Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 11-30-2001
Short 8 Dec SP500 1122.60 avg
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html