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FuturesCom Investment Publications
Morning Comments
October 9th, 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

" Fear is cruel and mean. The political reigns of terror have been reigns of madness and malignity,
a total perversion of opinion; society is upside down, and its best men are thought too bad to live."

--Ralph Waldo Emerson (1803–1882), U.S. essayist, poet, philosopher.
“Courage,”--Society and Solitude (1870)

Bi-Weekly Investment Outlook
Monday Oct 8th, 2001
2:45 PM

Financial Markets

On the Frenzied Forex Front
December Japanese Yen
Support should appear near 8351 then 8314 to 8300 and the 8223 to 8195 region. 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 the 8391 to 8407 region..Beyond that resistance should appear near 8445 and the 8484 to 8499 region.

December Euro FX
Support is at 9156 to 9140 then 9101....An extended trade under augurs for a test of 9060 to 9044 and eventfully the 8964 to 8934 region...

Resistance is at 9234 and the 9317 to 9347 region..

Aggressive BW Traders should go long if a close over 9156 occurs.. Stay tuned for Updates…

December Swiss Franc
Resistance should appear near 6257 to 6270 .. Above that sellers should appear near 6335 to 6350. Beyond a test of 6417 to 6430 is likely.

Support should appear near 6190 to 6165.. Below that buyers should appear near 6113 to 6101 .

BW Traders should go long if a close over 6190 occurs

December British Pound
Recommended Position Long 1.4716
Support should appear near 1.4590 to 1.4520 and the 1.4386 region... Under that 1.4210 to 1.4150 should contain a decline

Resistance is at 1.4714 and 1.4840 to 1.4960.

December Canadian Dollar
Support should appear at 6383 and 6350 to 6337.
Resistance is at 6417 to 6430, an extended trade over is friendly and augurs for an eventual test of the 6483 to 6509 region..

December Australian Dollar
Support is at 4995 to 4973.

Resistance should appear near 5067,a close over is friendly and indicates a test of 5127 to 5139

The Sensational Bond and Stock Markets

30 Year December Bonds
Resistance should appear near 107-17 then 108-04 .
Support is at 106-12 and 105-23.

Dow Jones Industrial Average
Resistance should appear near 9140 to 9156, beyond that a test of the 9234 region is likely. A close over 9234 is friendly and augurs for an eventual test of 9316 to 9347 and the 9422 to 9446 region.

Support is at 9060 to 9044.. A close under is negative and augurs for a test of 8964 to 8934 and eventually the 8875 to 8855 region..

December SP500
Resistance is at 1068 and 1075 then 1082.. An extended trade over or close over is friendly and augurs for an eventual test of 1096 to 1101 and beyond towards 1115.5.

Support should appear near 1063 and 1058 a close under is negative and augurs for a test of 1036 to 1032 and eventually the 1005 to 1000 region

BW Traders should go short is a close under 1063 occurs...

Stay Tuned for BW Updates ....

Nasdaq Composite
Resistance is at 1609 to 1615 and the 1642 to 1655 region..

Support is at 1576 to 1569 and 1535 to 1529.

December Mini- Nasdaq 100
Resistance is at 1274 and 1304 to 1310 and the 1334 to 1346 region.

Support is at 1253... A slip under is negative and augurs for a test of 1238 to 1232, under that buyers should appear near 1203 to 1196

Precious Metals

December Gold
Recommended Open 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 293.7 and the 297.2 to 299.0 region...a close over 299 is friendly and augurs for a test of 303.6 to 320.5 and eventually the 309.2 to 310.2 region

BW Traders should go long if a close over 299.1 occurs..

Trade Accordingly and tuned for updates..

December Copper
Support should appear near 6415 and 6350 to 6335 ..

Resistance should appear near 6485 to 6510.. a close over is friendly and augurs for a test of 6650 to 6670..

December Silver
Support should appear near 465 to 463.5 and the 458.5 to 457 region which should contain a decline for a bit.
BW Traders can buy at 458.5 and hold for higher prices..

Resistance is at 469.5 to 472.. A close over 472 is friendly and augurs for a test of 484.5 to 486.

The Exciting Energies

November Crude Oil
Recommended Open Position: Long 2420
Resistance is at 2267 to 2275. a close over is friendly and augurs for a test of 2315 to 2322 and more likely the 2354 to 2370 region..
Support is at 2226 to 2219 and 2134 to 2126..

November Unleaded Gas
Recommended Open Position: Long 6840
Support should appear near the 6115 to 6100 region .. Below that buyers should appear near 6045 to 6025 and 5960 to 5945

Resistance is at the 6165 and 6255 to 6270 then 6335 to 6355 and 6415 to 6430.
Stay tuned for Updates..

November Heating Oil
Resistance is at 6485 to 6510. Beyond that resistance should appear near the 6650 to 6670 region .
Support should appear near 6350 to 6335 and 6270 to 6255. A close under 6255 is negative and augurs for a test of 6190 to 6165 and eventually 6115 to 6105.

Trade Accordingly

The Lively Livestock Markets

December Cattle
Support should appear near 6987 and the 6922 to 6907 region... Below that 6837 to 6807 should contain a decline. BW Traders can buy at 6927 and risk a close under 6807 for three days in a row.. .

Resistance is at 7062 to 7077

December Hogs
Recommended Open Position Long 5507
Support is at 5432 to 5417 . Below that support is at 5357 to 5342

Resistance is at 5512 and the 5552 to 5577 region.

Traders should go long if a close over 5577 occurs..

February Pork Bellies
Recommended Open Position: Long 7950
Support should appear near the 7342 to 7327 region.. Under that buyers should appear near the 7257 to 7237
BW Traders can buy at 7257.. and hold.. Below that buyers should appear near 7172 to 7142 and the 7092 to 7072 region .

Resistance is at 7412 to 7427 and 7487 to 7512.. A close over 7512 is friendly and augurs for a test of 7587 to 7602.. .

BW Traders should go long if a close over 7512 occurs.

Stay tuned for Livestock Updates and Flashes

The ‘Grand’ Grain Markets
November Soybeans
Recommended Open Position Long 451 1/2
Resistance is at 457 1/4 to 458 1/4 , an extended trade or close over 458 1/4 is friendly and augurs for an eventual test of 463 3/4 to 465

Support should appear near 451 1/2 to 450 3/4 and the contain a decline for a bit. Below that buyers should
appear near the 444 3/6 to 442 1/4 region ..

BW Traders should go long if a close over 458 1/4 occurs..

December Soybean Meal
Recommended Open Position: Long 2 164.0 avg
Resistance should appear near the 168.9 to 169.6. region ..Beyond that a trade towards the 173.1 to 173.8 region is likely.
Support is at 165.5 to 164.2 and the 161.5 to 160.9 region

December Soybean Oil
Support is near 1496 to 1484
Resistance should appear near the 1529 to 1535 region.

December Corn
Recommended position Long 213 1/2
Resistance should appear near 217 to 218 1/2.
Support should appear near the 213 1/2 to 212 3/4 region,

December Wheat
Recommended position Long 272 3/4
Support should appear near 271 3/4 and 267 1/2 to 266..
Resistance is at 275 3/4 to 277 1/2, a close over is friendly and augurs for a test of 282 to 282 3/4

BW Traders should go long if a close over 277 1/2 occurs..

Stay Tune for Updates and Flashes..

The Satisfying Softs

December Cotton
Recommended Open Position: Long 3505
Support should appear near 3215 to 3195 and 3105 to 3090 .
Resistance is at 3260 to 3270 and 3375 to 3385

December Coffee
Support is near 4580 to 4565 and 4445 to 4425

Resistance should appear near 4635 to 4650 and 4695 to 4720..

Stay tuned for updates

March Sugar
Resistance should appear near 630 to 634 and 656 to 661.

Support should appear near the 609 to 601 region.

Trade Accordingly

December Cocoa
Recommended Open Position: Short 1096
Support is at the 1082 and 1068 to 1058 .
Resistance should appear near 1096 to 1101 and 1130 to 1136

--A ship in Harbor is Safe.. But that's not what ships are built for --

Happy Trading !
Bill !

Monday October 8th, 2001
4:15 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.

-----------------------------------------------------------------------------------------
Premier Service
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 10-08-2001
Long 10 Dec EC 9166
Long 5 Dec Gold 294.4
Long 5 Dec Hogs 5587
Long 4 Feb Hogs 5550
Long 5 Nov Beans 463 1/2
Long 5 Dec Soy Meal 161.2
Long 5 Dec Wheat 271

Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 10-8-2001: NONE

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

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