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FuturesCom Investment Publications
Morning Comments

October 3RD,  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 
Tuesday,  October 2nd, 2001
4:30 PM

 
                                            Financial Markets 

On the Frenzied Forex Front
December Japanese Yen
Support should appear near 8314 to 8300 and  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 8351 then 8391 to 8406 and 8445.

December Euro FX
Support is at 9156 to 9140 and 9101...
Resistance
should appear near 9184.. beyond that sellers should appear near 9234..  

December Swiss Franc  
Recommended BW Position : Short 6198
Resistance should appear near 6190 then 6224 and the 6256 to 6270 region

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 1.4590 to 1.4530
Resistance
is at 1.4656 then 1.4710 and 1.4840.. 

December Canadian  Dollar

Support should appear near the 6350 to 6337 region. 

Resistance is at 6383, beyond that a test of 6417 to 6430 is likely..

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 106-22 and 107-07
Support is at 106-07 then 105-22 and 105-12. 

Dow Jones Industrial Average

Resistance should appear near 8964 and the 9044 to 9060 region..     

Support
is a 8871 to 8856 and 8816.. under that  8777 to 8762 should contain a decline. .

December SP500

Resistance is at 1058.00 to 1063.00 and 1068.00.. and should contain a rally for a bit.. However an extended trade over is friendly and augurs for an eventual test of 1082.. Beyond that sellers should appear near the 1096 to 1101 region.. 
.
Support should appear near 1052.5 and 1047.. under that buyers should appear near 1036 to 1032.00. a slip under is negative and augurs for a test of 1025.30 and the 1018.50 region...

Nasdaq Composite

Resistance
is at 1496 and  1529 to 1535.
Support is at 1484 then 1471 and 1459 to 1453 

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 BW Position: Long 294.8
Support should appear near 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 292.8 to 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 6355 to 6335 under that 6270 to 6255 should contain a decline..
Resistance
is at 6430 then 6480 to 6510 and 6575 to 6590.. Beyond that a test of 6655 o 6670 is likely.. 

November Heating Oil  
Resistance
is at 6485 to 6510 and 6570 to 6590 then 6655 to 6670.  
Support should appear near 6435 to 6415 and the 6355 to 6335 region. .


The Lively Livestock Markets

December Cattle
Recommended BW position: Long 6837
Support should appear near 6757 to 6742 and 6672 to 6657..   
Resistance
is at 6807 to 6837

October Hogs  
Recommended BW position : Long 6055

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  
Recommended BW Position Long 5700
Support
is at 5717 and the 5652 to 5637 region.. Under that support should appear near the 5577 to 5552 region..
Resistance
is at 5732.. Beyond that a test of 5787 to 5807 is likely.. .

February Pork Bellies
Recommended Position Long 7950
Support
should appear near  7512 to 7487 and 7427 to 7412.. Below that support is at 7342 to 7327 ..Under that buyers should appear near 7257 to 7242 and contain a decline 

Resistance is at 7587 to 7602 and 7672 to 7687.. Beyond that a test of  7762 to 7777 is likely.  
 
   

                                                 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
Recommended BW Position Long 
R
esistance should appear near the 162.8 and 164.2 to 165.5
Support is at 161.5 to 160.9 then 159.1 and the 157.6 to 156 region.

 
December Soybean Oil
Support is near 1535 to 1529.
Resistance
should appear near 1569 to 1576. 

December Corn

Resistance should appear near 210 1/2 and 212 3/4  to 213 1/2 .  
Support should appear near the 208 3/4 to 208  region. 

December Wheat  
Support
should appear near the 262 3/4 to 261 1/2 region Under that 256 3/4 to 255 1/2 should hold..
Resistance is at 266 1/4 to 267 1/4


The Satisfying Softs

December Cotton  
Recommended BW Position Long 3505
Support
should appear near 3445 to 3425
Resistance is at 3490 to 3505 and the 3555 to 3565 region.  

December  Coffee  

Support
is near 4650 to 4635 and the 4515 to 4505 region.. 

Resistance should appear near 4695 to 4715 and the 4775 to 4785 region..  

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.. 

D
ecember Cocoa
Recommended BW  Position Short 1096

Support is at the 1068 to 1058 region.. Under that a test of 1047 is likely.. 
Resistance
should appear near 1096 to 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 ! 

Tuesday October 2nd, 2001  
5:00 PM 

THIS PUBLICATION CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS 
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 10-02-2001
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 10-2-2001:
NONE


Morning Comment  Day Trades (MC):
http://www.futurescom.com/mcper01.html



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