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Morning Comments
September 27th, 2001
Experienced
Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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"Accomplishments will prove to be a journey, not a destination"
--Dwight D. Eisenhower--
Morning
Comments
Tuesday Sept 25th, 2001
4:00 PM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Recommended BW Position: Short 8560
Support should appear near 8529,
below that a test of 8499 to 8484 is likely..
Resistance
should appear near 8560 to 8574 and 8589. Above that sellers should appear near the
8668 to 8683 region..
December
Euro FX
Support
is at
9156 to 9140
Resistance should appear near the
9234 region .
December
Swiss Franc
Recommended BW Position : Short 6203
Support should appear near 6270 to 6257..
BW Traders should go short if a close under 6255 occurs..
December
British Pound
Support
should appear near 1.4590
to 1.4530
Resistance is at 1.4710 and should
contain a rally for a bit..
December
Canadian Dollar
Support
should appear at 6350 to 6337.below that buyers should appear near the
6270 to 6256 region.
Resistance
is at 6383..
December Australian Dollar
Support is
at 4915 and the 4856 to 4845 region .
Resistance should appear near 4926 and 4973 to 4995
The Sensational Bond and
Stock Markets
30 Year December
Bonds
Resistance
should appear near 103-23 and
104-07 to 104-12..
Above that sellers should appear near 104-22.
BW Traders can sell
at 104-21 for a turn lower, risk a close over 105-14 for three days in a row..
Support
is at 103-07 and 102-27 then 102-23 and 102-12..BW traders can buy at
102-12 and risk a close under 101-31 for
three days in a row.
Dow Jones Industrial Average
Nearby Resistance should appear
near 8668 to 8683 and 8762 to 8777.
Nearby Support is at 8229 then 8589 to 8560 and 8499 to 8484 .
December
SP500
Resistance is at 1018.50 and 1025.30..
An extended trade over or close over is friendly and augurs for an eventual test
of 1032.00 to 1036.00 and Beyond towards the 1058 to 1068 region.
Support should appear near 1011.80 and 1005.00 to 1000.00 then 993.70 to 992.10.. a slip under is negative and augurs for a test of 983.70 to 982.90.....
Stay Tuned for Updates and Day Trade (MC) Flashes ....
Nasdaq Composite
Resistance is
at
1529 to 1535 and the 1569 to 1576 region.. Beyond that sellers should
appear near 1609 to 1615
and Cap a rally ..
Support is at 1496 to 1484 and 1459 to 1453..
December Mini- Nasdaq 100
Resistance is
at 1203.. An extended trade over 1203 is
friendly and augurs for a test of 1232 to 1238
Support is at 1192 then 1169 to 1164 and the 1136 to 1130 region..
Precious
Metals
December
Gold
Support should
appear near 288.3 to 287.4 under that support should appear near 282.9 to 282.0
and the 277.5 to 275.8 region .BW .Traders can buy at 283.1 for a turn higher ,
risk a close under 275.8 for three days in a row..
Resistance
is
at 292.8 to 293.7 and the 287.2 to
299.0 region...a close over 299 is friendly and
augurs for a test of 303.6 to 320.5
BW Traders should go long if a close over 294.1 occurs..
Trade
Accordingly and tuned for updates..
December
Copper
Recommended BW Position:
Long 6790
Support should appear near
6510 to 6480 and the 6430 to 6415 region... Below that 6350 to 6335 should contain a decline for a bit..
Resistance
should appear near 6590 then 6655 to 6670
BW Traders should go long if a close over 6670
occurs.
December
Silver
Support should appear near
451.5 to 450.5 and the 438.5 to 437 region which should contain a decline for, a bit..
BW Traders can buy at 438.5 and hold for higher prices.
Resistance is at 457 to 458.5 and 463.5 to 465
The
Exciting Energies
November
Crude Oil
Recommended BW Position Long 2420
Resistance
is at 2219
to 2226 and 2267 to 2275 Beyond that
sellers should appear near 2315 to
2322t..
Support
is at 2170 and 2134 to 2126...
November
Unleaded Gas
Recommended
BW Position: Long 6840
Support should appear near 6115
to 6100 and the 6045 to 6025 region..
Resistance
is at the 6335 to 6350
and 6415 to 6435
November
Heating Oil
Recommended BW Position: Long at 6655
Resistance
is at 6335 to 6350 and 6415 to 6435 .
Support
should appear
near 6190 to 6165 and 6115 to 6100 .
The
Lively Livestock Markets
October
Cattle
Support should appear near
6672 to 6652 under that 6592 to 6572 should contain another decline..
Resistance
is at
6742 to 6757 .
December
Cattle
Recommended position Long 6837
Support should appear near 6837 to 6807
and 6757 to 6742..
Resistance
is at
6907 to 6922.
October
Hogs
Support
should appear near 5805 to 5792
and 5732 to 5717 region..BW Traders can
buy at 5732 and risk a close under 5717 for three days in a row.
Resistance
is at 5857 to 5882
Stay Tuned for updates and Flashes
December
Hogs
Support
is at 5357 to 5342 and the 5282 to
5257 region..BW Traders can buy at 5282 and risk a close under 5197 for
three days in a row..
Resistance
is at 5417 to 5432.
February Pork Bellies
Recommended Position Long 7959
Support should
appear near 7777 to 7762 and the 7687 to 7672 region ....
Resistance
is
at 7832 to 7862 and 7937 to 7957.
Stay
tuned for Livestock Updates and Flashes
The
‘Grand’ Grain
Markets
November
Soybeans
Recommended BW Position : Long 486
Nearby Resistance
is at 463 3/4 to 465 and the 469 1/2 to 471 3/4 region
BW Traders should go long if a close over 472
occurs..
December
Soybean Meal
Recommended
BW Position: Long 2 at 167.7 avg.
Resistance
should appear near the 160.9
to 161.5
Support
is at 1.591 and the 157.6 to 156 region.
December
Soybean Oil
Support
is near 1655 to 1642 and 1615 to 1609.
Resistance
should appear near the 1689 to 1696. Beyond that
sellers should appear near 1731 to 1738 ..
December
Corn
Resistance should appear near 217 to
218 1/2 .
Support should appear near the 213 1.2 to 212 3/4
region.
December
Wheat
Support
should appear near 267 1/2 to 266 and 262 to 261 1/4
Resistance
is at 271 3/4 to 272 1/2 and the 275 3/4 to 277 1/2 region ..
The Satisfying Softs
December
Cotton
Support
should appear near 3625 to 3610 and 3565 to 3550
then 3505
to 3490...BW Traders can buy at 3505 and risk a close under 3375 for
three days in a row.
Resistance is at 3665 to 3685 and 3795 to 3805.
December
Coffee
Support is
near the 4855 to 4845 and 4715 to 4690 and 4515 to 4505..
Resistance
should appear near 4915 to 4925 and 4970
to 4995 then 5035 to 5065 and the 5125
to 5140 region . Beyond
that a test of 5345 to 5355 is likely ..
Stay tuned for updates
March
Sugar
Recommended
BW Position: Long at 687
Nearby
Resistance should
appear near 682 to 686
Support
should appear
near the 661 to 656 and the 634 to 630 region..
December
Cocoa
Support is at the 972 to 968
region...
BW Traders can buy at 972 and risk a close under 929
for three days
in a row
Resistance
should appear near 1000 to1005 and 1018..
--A
ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Tuesday
September 25th, 2001
4:35 PM
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 9-25-2001
Short 25 Dec Swiss Franc 6258 avg.
Short 5 Dec Japanese Yen 8564
Short 5 Dec EC 9133
Long 4 Dec SP500 1017.5
Long 5 Dec Copper 6950
Long 15 Dec Hogs 5567 avg.
Long 10 October Hogs 5947 avg.
Long 20 Nov Beans 481 1/2 avg.
Long 10 Dec Wheat 277 1/2
Long 10 Dec Soymeal 168.3
Index
Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 9-25
Long Dec SP500 1014.5
Morning
Comments (MC):
recommended position : none: