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FuturesCom Investment Publications
Morning Comments 
October 12Th,  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 Oct 11th, 2001

11:30 PM

                                            Financial Markets 

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

December Euro FX
Support is at  the 8964 to 8934 region.
Resistance is at  9040 to 9060. 

December Swiss Franc  
Resistance should appear near 6101 to 6113.

Support should appear near 6035 to 6023 . 

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

Resistance
is at 1.4486 and 1.4530. 

December Canadian  Dollar
Support should appear at 6350 to 6337.
Resistance is at 6417 to 6430. 

December Australian Dollar
Support
is at 4973 and the 4926 to 4919 region..  BW Traders can buy at 4930 and risk a close under 4879 for three days in a row.. Below that 4856 to 4845 should contain a decline..
.
Resistance
should appear near 5036 to 5067.

The Sensational Bond and Stock Markets

30 Year December  Bonds  
Resistance
should appear near 105-22 and 106-07 .  
Support is at 104-22 and the 104-17 region... 

Dow Jones Industrial Average
Resistance
should appear near 9429 to 9445.. Beyond that sellers should appear near 9526 to 9542.. and should cap the rally for a bit...  

Support is at 9347 to 9316.. 

December SP500
Resistance is at 1115.50 and the 1130 to 1136 region
Support
should appear near 1096 then 1082 and 1075. 

Nasdaq Composite
Resistance
is at 1731 to 1735 and 1774 to 1780
Support is at 1696 to 1689 and 1655 to 1642 

December Mini- Nasdaq 100
Resistance
is at 1415 to 1422 and  1453 to 1459 
Support
is at 1383 to 1377 and 1346 to 1334 


                                                              Precious Metals

December  Gold
Recommended Open Position: Long 2 at  288.9 avg
Support  should appear near 282.9 to 282.0 and the 277.5 to 275.8 region .
Resistance
is at  287.4 to 288.3  

Trade Accordingly and  tuned for updates..

December Copper
Support should appear near 6385 and the 6350 to 6335 region. 

Resistance
should appear near 6435 and 6485 to 6510.

December Silver
Recommended Open Position :Long 458.5
Support should appear near  442.5 and the 438.5 to 437 region. 
Resistance is at 450.5 to 451.5  


                                    The Exciting Energies  

November Crude Oil
Recommended Open Position: Long 2420
Resistance is at 2411 to 2419, a close over is friendly and augurs for a test of  2461 to 2469
Support is at 2370 to 2354 and 2321 to 2315.. 

November Unleaded Gas
Recommended Open Position: Long 6840
Support should appear near the 6335 and 6270 to 6255
Resistance
is at 6415 to 6430 and the 6485 to 6510 region. .
    

November Heating Oil  
Resistance
is at 6805 to 6835 and 6910 to 6930.  
Support should appear near 6740 and 6670 to 6655

Trade Accordingly


The Lively Livestock Markets

December Cattle
Recommended Open Position: 6927
Support should appear near 6837 to 6807 and should contain a decline.  
Resistance is at 6907 to 6922

December Hogs  
Recommended Open Position Long 2  5395 avg

Support is at 5142 to 5127 and 5067 to 5037..
Re
sistance is at 5197 to 5212, beyond that a test of 5257 to 5282 is likely.

February Pork Bellies
Recommended Open Position: Long 2  7602avg
Support should appear near  7172 to 7142 and the 7092 to 7072.. Under buyers should appear near 7002 to 6992.

Resistance is at 7257 to 7272 and 7327 to 7342. .    

                                                 Stay tuned for Livestock Updates and Flashes


                                                  The ‘Grand’ Grain Markets
November  Soybeans
Recommended Open Position Long 451 1/2
Resistance is at 450 3/4 to 451 1/2 and 457 1/4 to 458 1/2  

Support
should appear near the 444 3/6 to 442 1/4 region ..

December Soybean Meal
Recommended Open Position: Long 2  164.0 avg
R
esistance should appear near the 164.2 to 165.5

Support
is at  the 161.5 to 160.9 region 


December Soybean Oil
Support is near 1535 to 1529 and 1496 to 1484 
Resistance
should appear near the 1569 to 1576 region.

December Corn
Recommended position Long 213 1/2
Resistance should appear near 217 to 218 1/2.  
Support should appear near 213 1/2 to  212 1/4 and the 208 3/4 to 208 region. 
 
December Wheat
Recommended position Long 2 275 3/4 avg  

Support
should appear near  277 1/2 to 275 3/4 and 272 1/2 to 271 3/4..
Resistance is at 282 to 282 3/4 

Stay Tune for Updates and Flashes..


The Satisfying Softs

December Cotton  
Support should appear near 3215 to 3195 and 3155 to 3145. 
Resistance is at 3260 to 3270 then 3375 to 3385  

December  Coffee
 
Support is near 4445 to 4425 
Resistance should appear near 4570 to 4585 and 4635 to 4650.. 

March Sugar
Resistance should appear near 656 to 661. 

Support
should appear near 634 to 630 and  the  609 to 601 region.                                                

Trade Accordingly

December Cocoa
Support is at the 1036 to 1032 and 1005 to 1000  
Resistance should appear near 1058 to 1068 and 1082 

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

Happy Trading !
Bill ! 

Friday October 12th, 2001  
12:45 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 10-11-2001
Long 5 Dec Yen 8361
Long 10 Dec Swiss 6169
Long 10 Dec EC 9107
Long 15 Dec Gold 286.1 avg
Long 15 Dec Hogs 5457 avg
Long 4 Feb Hogs 5550 
Long 4 Feb Bellies 7335
Long 10 Nov Beans 458 1/4 avg
Long 5 Jan Beans 461 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 10-11-2001
Short 2 at 1079.20

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



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