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Morning Comments
October 2nd, 2001
Experienced
Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Observation. experience ,
memory and mathematics--These are what a successful trader must depend on. 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-
Morning
Comments
Monday October 1st, 2001
6:00 PM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Support should appear near 8351.. failure there augurs for a test
8314 to 8300 and eventually the 8223 to 8195 region.. which should hold. BW Traders can
buy at 8225 for a good bounce, risk a close under 8195 for three days in a
row..
Resistance
should appear near 8391 to 8406 and 8445 and 8484 to 8499..Day Traders can sell at
8391 and
hold for lower prices..
December
Euro FX
Support
is at
9140
and 9101...
Resistance should appear near
9156 and the 9184 region..
Recommended BW Position : Short 6198
Support should appear near 6165...A slip
under is negative and augurs for another test of the 6113 to 6101region..
December
British Pound
Support
should appear near 1.4710
and 1.4646 then 1.4590
to 1.4530
Resistance is at 1.4710 and 1.4840..
December
Canadian Dollar
Support
should appear near the 6337 and
the 6270 to 6256 region.
Resistance
is at 6350 and 6383
December Australian Dollar
Support is
at 4926 to 4915 and 4856 to 4845
Resistance should appear near 4973 to 4995
The Sensational Bond and
Stock Markets
30 Year December
Bonds
Resistance
should appear near 106-07 and
106-22
Support
is at 105-23 then 105-12.
Dow Jones Industrial Average
Resistance should appear
near 8856 to 8871.. Beyond that resistance should appear near 8934 to 8964 and
the 9044 to 9060 region..
Support is a 8777 to 8762 then 8723 and 8683 to 8668.. Below that 8589 to 8560 should hold.. .
December
SP500
Recommended position: Long 1040.5
Resistance is at 1047.00
An extended trade over or close over is friendly and augurs for an eventual test
of 1058.00 to 1063.00.. Where sellers should appear .. Beyond that a test of
1068.00 is likely ...
Support should appear near
1036 to 1034.00 and 1032.00. a slip under is negative and augurs for a test of
1025.30
and the 1018.50 region...
Stay Tuned for Updates and Day Trade (MC) Flashes ....
Nasdaq Composite
Resistance is
at 1484 to 1496 and 1529 to 1535.
Support is at 1471 then 1459 to 1453 and 1421 to 1415.
December Mini- Nasdaq 100
Resistance is
at 1164 to 1169 and 1180.5 .. Beyond that a trade towards 1192 to 1203 is likely..
Support should appear near 1153.. Below that a test of 1136 to 1130 is likely...
Precious
Metals
December
Gold
Recommended Position: Long 294.8
Support should
appear near 292.8 and the 288.3 to 287.4 region.. under that support should appear near 282.9 to 282.0...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 293.7 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
Support should appear near
6480 and the 6430 to 6415 region... Below that 6350 to 6335 should contain a decline for a bit..
Resistance
should appear near 6565 to 6590 and 6655 to 6670
BW Traders should go long if a close over 6670
occurs.
December
Silver
Support should appear near
465 to 463.5 and 457.5 to 455.5 then 451.5 to 450.5
Resistance
is at 469.5 to 471.. beyond that a test of 477.5 to 478.5 is likely..
The
Exciting Energies
November
Crude Oil
Recommended BW Position Long 2420
Resistance
is at
2315 to 2322 and 2354 to 2370..
beyond that a test of 2411 to 2419 is likely..
Support
is at 2275 to 2267.. under that 2226 to 2219 should contain a decline.
November
Unleaded Gas
Recommended
BW Position: Long 6840
Support should appear near 6415
and 6355 to 6335 under that 6270 to 6255 should contain a decline..
Resistance
is at 6480 to 6510 and 6575 to 6590..
Beyond that a test of 6655 o 6670 is likely..
November
Heating Oil
Resistance
is at 6570 to 6590 and 6655 to 6670.
Support
should appear
near 6480 then 6435 to 6415 and the 6355 to 6335 region. .
The
Lively Livestock Markets
December
Cattle
Recommended position Long 6837
Support should appear near 6757 to
6742 and 6672 to
6657..
Resistance
is at
6807 to 6837.
October
Hogs
Support
should appear near 6037 to 6022
and 5957 to 5942...
Resistance
is at 6102 to 6112 and the 6162 to 6187 region.
Stay
Tuned for updates and Flashes
December
Hogs
Support
is at 5652 to 5637 and the 5577 to
5552 region..
Resistance
is at 5717 to 5732.. Beyond that a test of 5787 to 5807
is likely..
February Pork Bellies
Recommended Position Long 7950
Support should
appear near 7427 to 7412 and the 7342 to 7327 region .. Under that buyers
should appear near 7257 to 7242......
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
Nearby Resistance
is at 457 to 458 1/2 and the 463 3/4 to 465
region
BW Traders should go long if a close over 465 1/4 occurs..
Support should appear near 451 1/2 to 450 1/2 and the 444 3/4 to 442 1/2 region
December
Soybean Meal
Resistance
should appear near the 160.9
to 161.5
Support
is at 159.1 and the 157.6 to 156 region.
BW Traders should go long if a close over 161.5 occurs..
December
Soybean Oil
Support
is near 1535 to 1529.
Resistance
should appear near 1569 to 1576.
December
Corn
Resistance should appear near 212
3/4 to 213 1/2 .
Support should appear near the
208 3/4 to 208 region.
December
Wheat
Support
should appear near 266 and the 262 3/4 to 261 1/2
region
Resistance
is at 267 3/4
The Satisfying Softs
December
Cotton
Support should appear near 3445 to 3425
Resistance is at 3490 to 3505.
December
Coffee
Support is
near 4715 to 4690 and 4515 to 4505..
Resistance
should appear near 4775 to 4785.
Stay tuned for updates
March
Sugar
Nearby
Resistance should
appear near 661 and 671
Support
should appear
near the 656 and the 634 to 630 region..
December
Cocoa
Recommended
Position Short
1096
Support is at the 1068 to 1058
region
Resistance
should appear near 1101 and the 1130 to 1136
region
--A
ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Monday
October 1st, 2001
7:10 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 10-01-2001
Short 5 Dec EC 9139
Short 5 Dec Swiss Franc 6164
Long 5 Dec Copper 6950
Long 5 Dec Gold 294.4
Long 5 Dec Silver 460.5
Long 10 Dec Hogs 5572 avg.
Long 5 October Hogs 5972
Long 4 Feb Hogs 5550
Long 4 Feb Bellies 7390
Long 10 Nov Beans 467 1/2 avg.
Long 15 Dec Wheat 275 avg.
Long 5 Dec Soymeal 168.3
Index
Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 10-1-2001
Long 1 Dec SP500 1039.0
Morning Comment Day Trades
(MC):
http://www.futurescom.com/mcper01.html
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