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Morning Comments
September 28th, 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--
Morning
Comments
Thursday Sept 27th, 2001
3:45 PM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Support should appear near 8391 and
8351.. Below that a test of
8314 to 8300 and the 8223 to 8195 region is likely and should hold. BW Traders can
buy at 8225 for a good bounce , and risk a close under 8195 for three days in a
row..
Resistance
should appear near 84445 and 8484 to 8499..
December
Euro FX
Support
is at
9140 and
9101... An extended trade under augurs for a test of 9060 to 9044 and eventfully
the 8964 to 8934 region...
Resistance should appear near the
9189 and the 9234 region .
December
Swiss Franc
Recommended BW Position : Short 6198
Support should appear near 6190 to 6165..
Below that buyers should appear near 6113 to 6101
..
December
British Pound
Support
should appear near 1.4646
and 1.4590
to 1.4530
Resistance is at 1.4710 and should
contain a rally for a bit..
December
Canadian Dollar
Support
should appear near the
6270 to 6256 region.
Resistance
is at 6337 to 6350.
December Australian Dollar
Support is
at 4856 to 4845 region and 4816 then 4786 to 4775
Resistance should appear near 4916 to 4926
The Sensational Bond and
Stock Markets
30 Year December
Bonds
Resistance
should appear near 105-12 and
105-22 then 106-04
Support
is at 104-27 then 104-21 and 104-07.
Dow Jones Industrial Average
Nearby Resistance should appear
near 8683 and 8762 to 8777.. Beyond that a test of 8856 to 8871 is
likely
Nearby Support is a 8668 then 8629 and the 8589 to 8560 region .. Below that 8499 to 8484 should hold.. .
December
SP500
Resistance is at 1025.30..
An extended trade over or close over is friendly and augurs for an eventual test
of 1032.00 to 1036.00.. where sellers should appear .. Beyond that a test of 147
is likely
Support should appear near 1018.5 then 1011.80 and 1005.00 to 1000.00.. a slip under is negative and augurs for a test of 993.7 to 992.1.....
Stay Tuned for Updates and Day Trade (MC) Flashes ....
Nasdaq Composite
Resistance is
at 1484 to 1496 and 1529 to 1535 ..
Support is at 1459 to 1453 and the 1421 to 1415 region.
December Mini- Nasdaq 100
Resistance is
at 1153 then 1164 to 1169 and 1180.5
Support s appear near the 1136 to 1130 region... Under that 1101 to 1096 should contain a decline .
Precious
Metals
December
Gold
Recommended Position: Long 294.8
Support should
appear near 292.8 then 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 294.1 and the 297.2 to
299.0 region...a close over 299 is friendly and
augurs for a test of 303.6.
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
457.5 to 455.5 and 451.5 to 450.5
Resistance is at 463.5 to 465 and 469 1/2 to 471
The
Exciting Energies
November
Crude Oil
Recommended BW Position Long 2420
Resistance
is at 2315 to
2322 and 2354 to 2370
Support
is at 2267 then 2226 to 2219 ..
November
Unleaded Gas
Recommended
BW Position: Long 6840
Support should appear near 6335 then 6270 to 6255 and the 6115
to 6100 region..
Resistance
is at
6415 to 6435 and 6485 to 6500
November
Heating Oil
Resistance
is at 6655 to 6670 then 6740 to 6755 and 6805 to 6835.
Support
should appear
near 6590 to 6565 and 6435 to 6415 .
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 6807
and 6757 to 6742..
Resistance
is at
6837 then 6867 and 6907 to 6922.
October
Hogs
Support
should appear near 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 5807 then 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 7950
Support should
appear near 7427 to 7412 and the 7342 to 7327 region ....
Resistance
is
at 7512 then 7587 to 7602 and 7672 to 7687.
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..
Support should appear near 458 to 457 and the 451 1/2 to 450 1/2 region
December
Soybean Meal
Recommended
BW Position: Long 2 at 167.7 avg.
Resistance
should appear near the 169.9
to 161.5 and
164.2 to 165.5
Support
is at 159.1 and the 157.6 to 156 region.
December
Soybean Oil
Support
is near 1615 to 1609.
Resistance
should appear near 1642 to 1655 and 1689 to
1696.
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 272 3/4 to 271 1/2 and 267 1/2 to 266
Resistance
is at 275 3/4 to 277 1/2 and 282 to 282 3/4.
The Satisfying Softs
December
Cotton
Support
should appear near 3505
to 3490 and 3445 to 3425.. .BW Traders can buy at 3505 and risk a close under 3375 for
three days in a row.
Resistance is at 3550 to 3565 and 3610 to 3625.
December
Coffee
Support is
near the 4855 to 4845 and 4715 to 4690 and 4515 to 4505..
Resistance
should appear near 4925 and 4970
to 4995 then 5035 to 5065 and the 5125
to 5140 region .
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 1058 then1036 to
1032
Resistance
should appear near 1068 and the 1096 to 1101
region.. which should attract sellers..BW Traders can sell at 1096 and risk a
close over 1136 for three days in a row. .
--A
ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Thursday
September 27th, 2001
4:25 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 9-27-2001
Long 5 Dec Copper 6950
Long 15 Dec Hogs 5567 avg.
Long 10 October Hogs 5947 avg.
Long 20 Nov Beans 472 3/4 avg.
Long 15 Dec Wheat 275 avg
Long 10 Dec Soymeal 168.3
Long 5 Dec Gold 294.4
Long 5 Dec Silver 460.5
Long 4 Feb Bellies 7585
Index
Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 9-27 NONE
Morning
Comments (MC):
recommended position : none: