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Morning Comments
October 5th 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
Morning
Comments
Thursday, October 4th, 2001
6:30 PM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Support should appear near 8314 to 8300.Day
traders can buy at 8315 and hold for higher prices.. ..below that
buyers should appear near 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 9101under
that 9060 to 9044 should hold...
Resistance should appear near
9187 and 9234
Support should appear near 6174 to 6165...A slip
under is negative and augurs for another test of the 6113 to 6101region..
December
British Pound
Support
should appear near 1.4662
and 1.4590
to 1.4530
Resistance is at 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 4973 and 4926 to 4915
Resistance should appear near 4995 and the 5036 to 5052 region..
The Sensational Bond and
Stock Markets
30 Year December
Bonds
Support
is at 106-22 then 106-07 and 105-22.
Dow Jones Industrial Average
Resistance should appear
near 9140 to 9156 and 9234
Support is
at 9060 to 9040 . under that 8965 to 8934 should contain a decline.. for a
bit.. .
December
SP500
Resistance is at
1075 and 1082.. Beyond that sellers should appear near
1089 and the 1096 to 1101 region..
Support should appear near
1068 to 1063 and 1058... under that buyers should appear near 1047...
Nasdaq Composite
Support is
at 1576 to 1569 and 1529 to 1535.
Resistance is at 1609 to 1615 and 1642 to 1655
December Mini- Nasdaq 100
Resistance is
at 1268 to 1274 and 1304 to 1310.
Support should appear near 1253 then 1238 to 1232.. failure there augurs for a test of 1203 to 1192 ...
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
the 6430 to 6415 region... Below that 6350 to 6335 should contain a decline for a bit..
Resistance
should appear near 6480 to 6505
December
Silver
Support should appear near
465 to 463 and 457.5 to 455.5 then 451.5 to 450.5
Resistance
is at 469.5 to 471. beyond that an eventual test of the 477.5 to 478.5 region is
likely to occur.. .
The
Exciting Energies
November
Crude Oil
Recommended BW Position Long 2420
Resistance
is at
2268 to 2276.
Support
is at the 2226 to 2219 and the 2185 to 2170 region.under that
buyers should appear near 2134 to 2126..
November
Unleaded Gas
Recommended
BW Position: Long 6840
Support should appear near 6270 to
6255 and 6115 to
6105.
Resistance
is at 6335 to 6355 ,
beyond that a test of 6415 to 6430 is likely.
November
Heating Oil
Resistance
is at 6570 to 6590 , beyond that a test of 6655 to 6670 is likely.
Support
should appear
near 6510 to 6485 and 6430 to 6415.. .
The
Lively Livestock Markets
December
Cattle
Support should appear near 6922 to
6907 and 6872.. under that 6837 to 6807. should contain a decline..
Day Traders can buy for a bounce at 6877and hold for higher prices..
Resistance
is at
6987 to 7007.. Beyond that a test of 7037 is likely ...
October
Hogs
Resistance
is at 6022 to 6037an extended trade over augurs for a test of the 6097 to
6112 region.
Stay
Tuned for updates and Flashes
December
Hogs
Support
is at 5577 to
5552.Under that 5507 to 5492 should contain the decline for a bit..
Day Traders can buy at 5507 and risk 50 pts..
Resistance
is at 5637 to 5657.. beyond that resistance should appear near 5717 to
5732.. .
February Pork Bellies
Recommended Position Long 7950
Support should
appear near 7602 to 7587 and 7512 to 7487. Below that support should
appear near 7427 to 7412
Resistance
is
at 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
Support should appear near 450 1/2 and the 444 3/4 to 442 1/2 region
December
Soybean Meal
Recommended BW Position Long 161.5
Resistance
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 to1529 and the 1496 to 1484 region..
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 the 272 1/2 to 271 3/4
region Under that 267 3/4 to 266 1/2 should hold..
Day traders can buy at 272 and risk 8 cents
Resistance
should appear near the 275
1/2 to 277 1/2 region.
The Satisfying Softs
December
Cotton
Support should appear near 3425 and 3385
to 3375.
Resistance is at 3445 and 3495 to 3505.
December
Coffee
Support is
near 4635 and the 4590 to 4570 region.. .
Resistance
should appear near 4695 to 4715 and
the 4775 to 4785 region..
March
Sugar
Nearby
Resistance should
appear near 682 and 686
Support
should appear
near the 661 to 656 and the 634 to 630 region..
December
Cocoa
Recommended
BW Position Short
1096
Support is at the 1118 and 1101 to
1096.
Resistance
should appear near 1130 to 1136 and 1164 to
1169
--A
ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Wed
October 3rd, 2001
7:00 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 10-04-2001
Short 10 Dec Swiss Franc 6141
Long 5 Dec Copper 6950
Long 5 Dec Gold 294.4
Long 5 Dec Silver 460.5
Long 10 Dec Hogs 5587 avg
Long 5 October Hogs 5972
Long 4 Feb Hogs 5550
Long 5 Nov Beans 463 1/2
Long 5 Dec Soy Meal 161.2
Index
Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 10-4-2001:
Short 2 Dec SP500 1074.50
Morning Comment Day Trades
(MC):
http://www.futurescom.com/mcper01.html
: