Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500 - Precious Metals - Energy - Livestock - Grains - Softs
 

FuturesCom Investment Publications
 Morning Comments 
October 15Th,  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


"Accomplishments will prove to be a journey, not a destination"
--Dwight  D. Eisenhower--

Morning Comments
Saturday Oct 13th, 2001
7:45 AM

                                            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. A close over augurs for a test of 8351 and eventually the 8391 to 8406 region ...

December Euro FX
Support is at  the 9060 to 9040 then 9001  and the  8964 to 8934 region.
Resistance is at 9100, beyond that a test of 9140 to 9156 is likely. . 

December Swiss Franc  
Resistance should appear near 6165 to 6174 and 6190.
 Support should appear near 6113 to 6101 and 6035 to 6023

December  British Pound
Recommended Position Long 1.4716
 Support should appear near the 1.4418 and 1.4362
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 4995 to 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.. .
.
Resistance should appear near 5036 to 5067, a close over 5067 is friendly and augurs for a test of the 5127 to 5139 region. 

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 9316 and 9234.. Under that 9156 to 9140 should contain a decline for a bit 

December SP500
 Resistance is at 1096 to 1101 then 1115.50  and the 1130 to 1136 region
Support should appear near  1089 then 1082.. A close under augurs for a test of the 1068 to 1058 region.

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.. a close over 288.3 is friendly and augurs for a test of 292.8 to 293.7
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  444.5 to 442.5 and the 438.5 to 437 region. 
 Resistance is at 450.5 to 451.5.. Beyond that a test of 457. to 458.5 is likely to occur.  

                                    The Exciting Energies  

Dec Crude Oil
Resistance is at 2315 to 2322 and 2354 to 2370, a close over is friendly and augurs for a test of  2461 to 2469
 Support is at 2275 to 2267 and 2226 to 2219. 

Dec Unleaded Gas
 Support should appear near the 6035 to 6025 and the 5955 to 5940 region.
Resistance is at 6110 to 6120 and the 6165 to 6190 region. .Beyond that a test of 6335 to 6350 is likely.
    

Dec Heating Oil  
Resistance is at 6570 to 6590 and 6655 to 6670... Beyond that a test of 6805 to 6835 is likely
Support should appear near 6430 to 6415 and 6355 to 6335.. Under that 6190 to 6165 should hold. 

Trade Accordingly

The Lively Livestock Markets

December Cattle
 Recommended Open Position: 6927
Support should appear near 6672 to 6655.  
Resistance is at 6757 and 6807 to 6837. 

December Hogs  
Recommended Open Position Long 2  5395 avg
 Support is at 5067 to 5037
Resistance is at 5137 and 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  7257 to 7242 and 7172 to 7142 and the 7092 to 7072
Resistance is at 7327 to 7342, a close over 7342 is friendly and augurs for a test of 
7412 to 7427 and eventually the 7487 to 7512 region...

                                                 Stay tuned for Livestock Updates and Flashes

                                                  The ‘Grand’ Grain Markets
November  Soybeans
 Recommended Open Position Long 451 1/2
 Resistance is at 437 to 438 1/2 and 442 3/4 to 444 3/4  

Support should appear near 431 1/2 to 430

December Soybean Meal
Recommended Open Position: Long 2  164.0 avg
 Resistance should appear near 161.5 and 162.8
Support is at  the 159.1 and the 157.6 to 156.9  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 212 3/4  to 213 1/2.  
 Support should appear near 208 and the 204 1/4 to 203 1/2 region  
 
December Wheat
Recommended position Long 2 275 3/4 avg  
Support should appear near  275 3/4 and 272 1/2 to 271 3/4..
Resistance is at 277 1/2.and  282 to 282 3/4 

Stay Tune for Updates and Flashes..

The Satisfying Softs

December Cotton  
 Support should appear near 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  1005 to 1000  
 Resistance should appear near 1032 to 1036 and 1058 to 1068 

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

Happy Trading !
Bill ! 

Sat October 13th, 2001  
12:05 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 10-12-2001
Long 5 Dec Yen 8361
Long 10 Dec Swiss 6169
Long 10 Dec EC 9107
Short 5 Dec SP500 1092
 Long 15 Dec Gold 286.1 avg
Long 15 Dec Hogs 5457 avg
Long 4 Feb Hogs 5550 
Long 4 Feb Bellies 7335
Long 20 Nov Beans 446 1/2 avg
Long 10 Jan Beans 452 1/4 avg
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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