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Morning Comments, September 14th ,2001
Experienced
Since 1979 - Serving Professional and Individual 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--
Morning
Comments
Friday Sept 14th, 2001
12:10 AM
This Edition of Morning Comments includes coverage of only the Chicago non
equity Futures Markets.
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Support should appear near 8406 to
8391 and 8351
Resistance
should appear near the 8484 to 8499 and the 8560 to 8589 region..
BW Traders can sell at 8560 and risk a close over 8591 for three days in
a row..
December
Euro FX
Support
is at
9060
to 9044, failure there augurs for a test of 8964 to
8949 and 8934.
Resistance
is
at should appear near 9140 to 9156 and 9234 region.. .
Stay tuned for Updates…
December
Swiss Franc
Resistance
should appear near 6101 to 6113 and 6164 to 6190
Support should appear near 6035 to 6023 ,
a close under augurs for a test of 5957 to
5945 and 5912..
December
British Pound
Support
should appear near
1.4590 to 1.4530 .. A slip
under augurs for a test of 1.4372 and the 1.4210
to 1.4150 region. BW Traders can buy at 1.4120 and risk a close under 1.4140 for three
days in a row..
Resistance is at 1.4710 and the 1.4840 to 1.4960 region
December
Canadian Dollar
Support
should appear near the 6350 to
6337 region.
Resistance
is at 6483 and the 6417 to 6430
region.
December Australian Dollar
Support is
at 5127 and the 5067 to 5056 region..Below that a test of 4995 to 4973
is likely
Resistance should appear near 5139 then 5171 and the 5200 to 5211 region
Sensational Bond Market
30 Year December
Bonds
Resistance
should appear near 105-24 and 106-07 to 106-12 then
107-07
Support
is at 105-17 then 104-22 and the 104-12 to 104-07
region.. failure there augurs for an
test of 103-17..
The
Lively Livestock Markets
October
Cattle
Nearby Support should appear near the 7172 to 7137 region.
Resistance
is at
7242 to 7257 a close over is friendly and augurs for a test of 7327 to 7342
October
Hogs
Support
is at the 6037 to 6022 and 5957 to 5942
Resistance
is at the 6112.,,An extended trade or close over 6112 is friendly and
augurs for a test of 6167 to 6192 and the 6257 to 6270 region ...Above that a
test of 6337 to 6352 is likely…
.
Stay
Tuned for updates
December
Hogs
Support
is at 5577 to 5552
Resistance
is at 5637 to 5652 ..beyond that an eventual test of the 5717 to 5732 region is
likely to occur.
February Pork Bellies
Support should
appear near 8407 to 8392 and 8317 to 8302 . Below that buyers should appear near
8227 to 8197
Resistance
is
at 8487 to 8502 and 8557 to 8587.
Stay tuned for Livestock Updates and Flashes
The ‘Grand’ Grain Markets
November
Soybeans
Resistance
is at the 484 1/2 to 485
3/4 region..
Support
should appear near 478 3/4 to 477 1/2 and
471 1/2 to 469 1/2
December
Soybean Meal
Resistance
should appear near the 165.5 is friendly and augurs for a test of 168.9 to
169.6 .
Support
is at 169.6 to 168.9.. Below that
support should appear near 165.5 to 164.2
December
Soybean Oil
Support
is near 1655 to 1642 and 1615 to
1609.Under that buyers should emerge near the 1576 to 1569 region
Resistance
should appear near the 1689 to 1696.
December
Corn
Resistance should appear near 231 1/2 to 232
1/4
Support should appear near
227 1/2 to 226 3/4 and the 222 3/43 to
221 3/4 region.. Which should contain a decline
for a bit..
December
Wheat
Support
should appear near 277
1/2 to 275 3/4 and 272
1/2 to 271 3/4.
Resistance
is at 282 to 282 3/4
and the 287 3/4 to 288 1/4 region ..
Stay Tune for Updates and Flashes..
--A
ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Friday
September 14th, 2001
1:15 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.
Bi
Weekly Investment Outlook (BW)
Archives: http://www.futurescom.com/bwparc.htm
Recommended Open positions as of 9-13-2001
Long
Dec Gold 277.6
Long Dec Copper 6790
Long Dec Silver 424
Short Oct Unleaded Gas 8195
Long 2 Dec Hogs 5632 avg.
Long Oct Hogs 6042
Long Nov Beans 486
Long Dec 2 Soymeal 167.7 avg.
Long Dec Corn 227 3/4
Long Dec Wheat 291 3/4
Long Dec Coffee 5305
Long Dec Cocoa 942
-----------------------------------------------------------------------------------------
Morning Comments (MC)
Archive http://www.futurescom.com/mcper01.html
------------------------------------------------------------------
Premier
Service
http://www.futurescom.com/premier.htm
Recommended
Open Positions as of 9-13-2001
Long
5 Dec Gold 278.4
Long 5 Dec Copper 6950
Long 10 Dec Hogs 5540
Long
10 Nov Beans 491 1/2 avg.
Long 5 Dec Coffee 5500
Index
Program
Archives: http://www.futurescom.com/index01.htm
Recommended Open position as of 09-13-2001
Long 4 Sept SP500 1117.50