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FuturesCom
Investment Publications
Bi-Weekly
Investment Outlook
October 23RD, 2001
Experienced
Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Morning
Comments
Monday Oct 22nd, 2001
3:30 PM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Recommended Open Position : Long 8225
Support should appear near 8135 to 8119
and the 8044 to 8029 region..
Resistance
should appear near 8225 then 8261 and 8300 to 8314...
Traders should go long if a close over 8314 occurs
December
Euro FX
Support
is
near 8871 to 8856 and the 8777
to 8762 region.....Failure there augurs for an eventual test of 8683 to 8668 ..
BW Traders can buy at 8683 for a bounce, risk a close under 8619 for three days in
a row.. .
Resistance
is
at 8901 and 8934 to 8964
December
Swiss Franc
Support should appear near the 5957 to 5945
region.. BW Traders can buy at 5957 and risk a close under
5945 for three
days in row
December
British Pound
Recommended Position Long 1.4716
Support
should appear near 1.4150
and should contain a decline..Under
that buyers should emerge near 1.3830 to 1.3770.. BW Traders can by at 1.3770 for a
turn higher and risk a close under 1.3620 for three days in a row.
Resistance is at 1.4286 and 1.4336...
December
Canadian Dollar
Support
should appear near the
6270 to 6256 region.
Resistance
is at 6337 to 6350.
BW Traders should go long if a close over 6350 occurs
December Australian Dollar
Support is
at 5067 to 5036 and 4995 to 4973.
Resistance should appear near 5127 to 5139 and the 5200 to 5211 region.. .
The Sensational Bond and
Stock Markets
30 Year
December
Bonds
Resistance
should appear near 106-12 and 106-22.
Support
is at 105-23. a close under
105-23 is negative and augurs for a test of the 104-22 to 104-17
region...
BW Traders can buy at 104-18 and risk a close under 103-17 for three days in a
row..
Dow Jones Industrial Average
Resistance should appear
near the 9422 to 9446 region.
Above that resistance should appear near 9526 to 9542 and Cap a rally for a bit.
Beyond that resistance is at 9625 to 9645....
Support is at 9347 to 9316 and 9236.
December
SP500
Recommended Position
Short 1084.3
Resistance is at 1096 to 1101 and
1115.5. Above that a test of 1130 to
1136 is likely.
Support should appear near
1089 and 1082
Stay Tuned for BW Updates ....
Nasdaq Composite
Resistance is
at
1731 to 1739 Beyond that sellers should
appear near 1774 to 1780
and Cap a rally ..
Support is at 1696 to 1689...
December Mini- Nasdaq 100
Resistance is
at the 1415 to 1421
region.. Beyond that Sellers should appear near the 1453 to 1459 region..
Above that resistance is at 1684 to 1496 and should cap a rally for a
bit..
Support is at 1383 to 1377
Precious
Metals
December
Gold
Recommended Open Position : Long 2
288.9 avg
Support should
appear near the 275.8 region..Under that buyers should appear near
272.5 to 271.6..Below that support should appear near 262 to 261.2
Resistance
is
at 277.5 and 279.4
Trade
Accordingly and tuned for updates..
December
Copper
Support should appear near 6255
and 6190 to 6165 then 6035 to 6025 which should contain
the decline for a bit.
Resistance
should appear near 6335 to 6350 and 6415 to 6430
December
Silver
Recommended Position Long
458.5
Support should appear near
the 412 to 411 region which should contain a decline for a
bit.
Traders can buy at 412 and hold for higher prices.. Below that buyers
should appear near 387.5 to 385.
Resistance is at 430 to 431.5..
The
Exciting Energies
December
Crude Oil
Resistance
is at 2267 to
2275. a close over is friendly and augurs for a test of
2315 to 2322 ...
Support
is at 2219 then 2185 to 2170, BW traders can buy at 2185 and hold for higher
prices, risk a Close under 2125 for three days in a row.. Below that buyers should appear near
the 2042 to 2034 region.
BW Traders should go long if a close over 2247 occurs..
December Unleaded Gas
Support should appear near 5960 to 5945
and the 5880 to 5855 region..
Resistance
is at the 6100 to 6115 and 6255 to 6270
Stay tuned for Updates..
December
Heating Oil
Resistance
is at 6415 to 6430 and the 6485 to 6510 region ..
Support
should appear
near 6270 to 6255 and 6190 to 6165. BW Traders can buy at 6190 and risk a close under
6095 for three days in a row...
Trade Accordingly
The
Lively Livestock Markets
December
Cattle
Recommended Position Long
6757
Support should appear near 6672 to 6652
under that 6592 to 6577 should contain a decline..
Resistance
is at 6742
to 6757.
December
Hogs
Support
is at 4927 to 4912 and the 4857 to 4842 region
Resistance is at 4997 and 5037 to 5067
February Pork Bellies
Recommended Position:
Long 2 7602
Support
should
appear near 6837 to 6807 and the 6672 to 6657 region..
Resistance
is
at 6907 to 6922 and 6992 to 7007 .
Stay
tuned for Livestock Updates and Flashes
The
‘Grand’ Grain
Markets
January
Soybeans
Recommended Position Long
429 1/2
Resistance
is at 430 1/2 to 431 1/2
Support
should appear near 418 1/2 to 416 1/2.
December
Soybean Meal
Recommended Position Long
2 164 avg
Resistance
should appear near the 156.9
to 157.6
Support
is at 153.5 to 152.9.
December
Soybean Oil
Support
is near 1459 to
1453. Under that buyers should emerge near the 1421 to 1415 region
Resistance
should appear near the 1484 to 1496 .
December
Corn
Resistance should appear near 208 to
208 3/4 and 212 3/4
to 213 1/2 and 217 to 218..
Support should appear near
203 1/2 under that buyers should emerge near the 195 1/2 to 194
3/4 region..
December
Wheat
Recommended Open Position: Long 282 3/4
Support
should appear near 277 3/4 to 275 1/.2.
Resistance
is at 282 3/4 and 287 1/2 to 288 1/4.
Stay
Tune for Updates and Flashes..
The Satisfying Softs
December
Cotton
Resistance is at 3035 to 3045 and 3090 to 3105
December
Coffee
Resistance
should appear near 4305 to 4315 and 4425 to 4445
..
Stay tuned for updates
March
Sugar
Resistance
should appear near 682 to 686 region.
Support
should appear
near 661 to 656 and the 634 to 630 region.
December
Cocoa
Support is at 1000.
Under that support should appear near 972 to 968.
Resistance
should appear near 1018 then 1032 to 1036
-A
ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Monday
October 22nd, 2001
4:30 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 10-22-2001
Long 10 Dec Yen 8325 avg
Long 20 Dec Swiss 6147 avg
Long 20 Dec EC 9073 avg
Short 5 Dec SP500 1095.50
Long 15 Dec Gold 286.1 avg
Long 15 Dec Hogs 5457 avg
Long 4 Feb Hogs 5550
Long 8 Feb Bellies 7177 avg
Long 10 Dec Wheat 282 1/4
Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 10-22-2001
Short 2 Dec SP500 1079.50
Morning Comment Day Trades
(MC):
http://www.futurescom.com/mcper01.html