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Premier Service
FuturesCom
Investment Publications
Morning Comments
November 2nd 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 Nov 1st, 2001
3:00 PM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Support should appear near 8195 and 8168
then 8134 to 8119
Resistance
should appear near 8225 and 8263
December
Euro FX
Support
is
near the 9003 and the 8964 to 8934 region...
Resistance
is
at 9044 to 9060.
Support should appear near the 6113
to 6101 and 6068
December
British Pound
Recommended Position Long 1.4716
Support
should appear near 1.4560
to 1.4530 and 1.4486.
Resistance is at 1.4632 and 1.4710.
December
Canadian Dollar
Recommended open position: Long 6360
Support
should appear near the 6270 to 6256 region.
Resistance
is at 6337 to 6350.
December Australian Dollar
Support is
at 5067 to 5051 and 5036
Resistance should appear near 5127 to 5139
The Sensational Bond and
Stock Markets
*We will begin trading coverage of the
Ten Year T- Note this weekend in our next Bi-Weekly.
Dow Jones Industrial Average
Resistance should appear
near 9236 and the 9316 to 9347 region
Support is
at 9156 to 9140 and the 9060 to 9044 region.
December
SP500
Recommended Position
Short 2 1075.8 avg
Resistance is at 1089
then 1096
to 1101
Support should appear near 1075 and the
1068 to 1063 region
Nasdaq Composite
Resistance is
at 1774 to 1780 and 1808 to 1822
Support is at 1738 to 1731
December Mini- Nasdaq 100
Support is at 1421
to 1415 and the 1383 to 1377 region.
Resistance is at the 1453 to 1459.. Beyond that
sellers should appear near 1484 to 1496
Precious
Metals
December
Gold
Recommended Open Position : Long 2
288.9 avg
Support should
appear near 279.1 and 277.5 to 275.8..Under that buyers should appear near
272.5 to 271.6.
Resistance
is
at 282 to 282.8
Trade
Accordingly and tuned for updates..
December
Copper
Support should appear near 6190
to 6165 and 6115
to 6105
Resistance
should appear near 6255 to 6270 and the
6335 to 6355 region.
December
Silver
Recommended Position Long
458.5
Support should appear near
418.5 to 416.5.
Resistance
is at 430 to 431.5..
The
Exciting Energies
December
Crude Oil
Recommended
position long 2185
Resistance
is at
2034 to 2042.
Support
is at 1996 to 1982..
December Unleaded Gas
Support should appear near the 5355 to
5345 region..Under that a test of 5282 to 5259 is likely.
Resistance
is at the 5435 then 5555 to 5570
Stay tuned for Updates..
December
Heating Oil
Recommended
open position long 6190
Resistance
is at 5945 to 5960 and 6025 to 6035
Support
should appear
near 5855 and the 5730 to 5715 region.
Trade Accordingly
The
Lively Livestock Markets
December
Cattle
Support should appear near 6807 and the 6757 to
6742 region
Resistance
is at 6837 and the 6907 to 6922 region
December
Hogs
Resistance
is at 5257 to 5277. beyond that a test of 5342 to 5357 region is likely.
February Pork Bellies
Support
should
appear near the 7257 to 7242 under that buyers should appear near 7172 to
7142 and the 7087 to 7072 region .
Resistance
is
at 7327 to 7342, beyond that resistance should appear near 7442 to 7427 and
the
7487 to 7512 region.
Stay tuned for Livestock Updates and Flashes
The
‘Grand’ Grain
Markets
January
Soybeans
Recommended Position Long
440 1/2
Resistance
is at 442 1/2 to 444 3/4 and 450 1/4 to 451 1/2
Support
should appear near 438 1/4 to 437
and 431 1/2 to 430 1/2
December
Soybean Meal
Recommended Position Long
166.5
Resistance
should appear near 160.9 to 161.5
Support
is at 159.1 and 157.6 to 156.9
December
Soybean Oil
Support
is near 1535 to 1529
Resistance
should appear near the 1569 to 1576 and
1609 to 1615.
December
Corn
Resistance should appear near 206 1/2
and 208 to 208 1/2
Support should appear near 204
1/4 to 203 1/2
December
Wheat
Resistance
should appear near the 297 1/2 to 299
region.. Beyond that a test of 303 1/2 to 304 3/4 is likely.
Stay
Tune for Updates and Flashes..
The Satisfying Softs
December
Cotton
Resistance is at 3035 to 3045 and the 3090 to 3105 region.
December
Coffee
Resistance
should appear near the 4570 to 4580 region. Beyond
that a test of 4635 to 4650 region is likely.
Stay tuned for updates
March
Sugar
Resistance
should appear near 674 and 682 to 686.
Support
should appear
near 661 to 656 region.
December
Cocoa
Support is at 1005 to 1000 and 986.
Resistance
should appear near 1032 to 1036 and the 1058
to 1068 region.
-A
ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Thursday
November 1st 2001
4:35 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 11-1-2001
Long 5 Dec Yen 8289
Long 5 Dec Swiss Franc 6139
Short 5 Dec SP500 1085.5
Long
10 Dec Gold 282
Long 10 Dec Hogs 5392
Long 4 Feb Hogs 5550
Long 10 Dec Wheat 285 3/4 avg
Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 11-1-2001
Short 2 Dec SP500 1063.30
Morning Comments ( Day Trades )(MC)
http://www.futurescom.com/mcper01.html
None