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Premier Service
FuturesCom
Investment Publications
Morning
Comments
November 7th, 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
Courage in a Speculator is merely confidence to act on the decision of his
mind
Tuesday November
6th, 2001
4:15 PM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Recommended open position long 2 at 8252 avg
Support should appear near the 8263 and
the 8223 to 8195 region.
Resistance
should appear near 8300 to 8314
December
Euro FX
Recommended open position long at 9000
Support
should appear near the
8871 to 8856 region....
Resistance
is
at 8964 and 9001.
December
Swiss Franc
Support should appear near 6068 and 6035
to 6023
December
British Pound
Recommended
open position Long 1.4716
Support
should appear near 1.4530
then 1.4486 and 1.4362..
Resistance is at 1.4590 and
1.4662...
December
Canadian Dollar
Recommended open position long at 6360
Support
should appear at 6270 to 6256.below that buyers should appear near the
6225 to 6190 region.
Resistance
is at 6337 to 6350.
December Australian Dollar
Support is
at 5067 to 5036 and the 4995 to 4973 region
Resistance should appear near 5127 to 5139.
BW Traders should go long if a close over 5139 occurs
The Sensational Bond and
Stock Markets
10 Year
December
T-Note
Resistance
should appear near 112-04 and 112-12
Support
is at 111-02 then 110-22 and 110-12
Dow Jones Industrial Average
Resistance should appear
near 9625 to 9645 and 9707 to 9737.
Support is
at 9542 to 9526
December
SP500
Recommended Position
Short 2 1075.8 avg
Resistance is at 1130 to
1136 .Beyond that sellers should appear near the 1164 to 1169
region ..BW Traders can sell at 1163.90 for a turn lower, risk a close over 1169
for three days in a row..
Support should appear near
1115.5 and 1101 to 1098.5 and 1096.
Nasdaq Composite
Resistance is
at the 1858 to 1865 region.
Support is at 1822 to 1808.
December Mini- Nasdaq 100
Resistance is
at 1569 to 1576 and the 1609 to 1615 region.
Support is at 1535 to 1529 and 1496 to 1484
Precious
Metals
December
Gold
Recommended Open Position : Long 2
288.9 avg
Support should
appear near the 277.5 to 275.8 region..Under that buyers should appear near
272.5 to 271.6..
Resistance
is
at 282 to 282.8,
December
Copper
Support should appear near 6115
to 6105 and 6035 to 6025 which should contain
the decline for a bit.. Under that a test of 5880 to 5850 is likely..BW Traders can buy at 5885 and hold for higher prices...
Resistance
should appear near 6255 to 6270 and 6335
to 6355.
December
Silver
Recommended Position Long
2 at 434.7
Support should appear near 405.5
to 404.5
Resistance
is at 416 to 418
The
Exciting Energies
December
Crude Oil
Resistance
is at
1996 and 2034 to 2042.
Support
is at 1953 to 1946, BW traders can buy at 1946 and hold for higher
prices, risk a Close under 1858
for three days in a row.
BW Traders should go long if a close over 2042 occurs..
December Unleaded Gas
Recommended
Open Position Long 5360
Support should appear near 5355 to 5340..
Below that buyers should appear near 5210 to 5200
and the 5140 to 5125
region .
Resistance
is at the 5490 to 5505.
Stay tuned for Updates..
December
Heating Oil
Recommended
position long at 6190
Resistance
is at 5790 to 5805 and 5855 to 5880.
Support
should appear
near
5655 to 5640 and the 5580 to 5550 region.
Trade Accordingly
The
Lively Livestock Markets
December
Cattle
Support should appear near 6512 to 6482
and 6432 to 6417
Resistance
is at 6577
to 6592.
December
Hogs
Recommended Position Long at 5142
Resistance
is at 5127 to 5142.
February Hogs
Support
is at 5347and 5287 to 5257. Under that buyers should appear near the
5212 to 5197 region ..
BW Traders can buy at 5297 and risk a close under 5197 for three days in a row.
Resistance
is at 5417 to 5432.
February Pork Bellies
Recommended Position Long at 7172
Support should
appear near 7087 to 7072 and 7002 to 6987 .
Resistance
is
at 7142 to 7172
Stay
tuned for Livestock Updates and Flashes
The
‘Grand’ Grain
Markets
January
Soybeans
Recommended
Position Long 440
Resistance
is at 437 1/2 to 438
Support
should appear near 431 1/2 to 430
1/2..
December
Soybean Meal
Recommended Position Long
166.5
Resistance
should appear near 162.8 and 164.2
to 165.5
Support
is at 161.5 to 160.9.BW Traders can buy at 161.5 and
hold for higher prices..
December
Soybean Oil
Support
is near 1576 to 1569
Resistance
should appear near 1609 to 1615
December
Corn
Resistance should appear near 203 1/2
to 204 1/4 .
Support should appear near
the 199 3/4 to 198 1/2
December
Wheat
Recommended open position Long at 282 3/4
Support
should appear near 282 3/4 to 282 and 277 3/4 to 275 1/.2.
Resistance
is at 287 1/2 to 288 1/4.
Aggressive BW Traders should go long if a close over 288 1/4 occurs..
Stay Tune for Updates and Flashes..
The Satisfying Softs
December
Cotton
Resistance is at 3092 to 3102 and 3145 to 3155
Dec
Coffee
Resistance
should appear near the
4845 to 4855 region.. Beyond that a test of 4975 to 4995 is likely
March
Sugar
Resistance
should appear near 712 and 723.
Support
should appear
near 704 and 686 to 682
December
Cocoa
Support is at 972 to 968
Resistance
should appear near 1000 to 1005
--A
ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Tuesday
November 6th, 2001
4:55 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 11-6-2001
Long 10 Dec Yen 8267 avg
Long 5 Dec Swiss Franc 6139
Short 10 Dec SP500 1106
Long 10 Dec Gold 282
Long 15 Dec Hogs 5325
Long 10 Dec Wheat 285 3/4 avg
Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 11-6-2001
Short 2 Dec SP500 1063.30
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html