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Morning
Comments
November 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
"If a man is both wise and lucky, he will not make the same mistake twice. But he will make any one of the ten thousand brothers or cousins of the original. The mistake family is so large that there is always one of them around" -Reminiscences of a Stock operator--
Saturday
November 10th, 2001
8:41 AM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Support should appear near 8314 to 8300
and 8263.
Resistance
should appear near 8351 and extended trade over augurs for a test of 8391 to
8407 region
December
Euro FX
Recommended open position long at 9000
Support
should appear near the
8871 to 8856 region....
Resistance
is
at 8934 to 8964 and 9001
BW traders should go long if a
close over 8949 occurs
December
Swiss Franc
Recommended open position long 5 at 6065
Support should appear near 6068 and 6035
to 6023
BW traders should go long if a close over 6113 occurs.
December
British Pound
Recommended
open position Long at 1.4716
Support
should appear near 1.4530
and 1.4486 and 1.4412.
Resistance is at 1.4530 to 1.4560 and
1.4590.....
December
Canadian Dollar
Recommended open position long at 6360
Support
should appear near the
6225 to 6190 region.
Resistance
is at 6256 to 6270.
December Australian Dollar
Recommended open position long at 5142
Support is
at 5127 and 5097 then 5067 to 5036 and the 4995 to 4973 region
Resistance should appear near 5139 and 5168
The Sensational Bond and
Stock Markets
10 Year
December
T-Note
Resistance
should appear near 111-12 then 111-22 and 112-04
Support
is at 110-23 and 110-12 to 110-07
Dow Jones Industrial Average
Resistance should appear
near 9625 to 9645 and 9707 to 9737....
Support is
at 9583 and 9542 to 9526
December
SP500
Recommended
open position
Short 2 at 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
1122.70 and 1115.5.. an extended under is negative and augurs for a test of the 1101 to
1096 region.
Nasdaq Composite
Resistance is
at 1858 to 1865.
Support is at 1822 to 1808.
December Mini- Nasdaq 100
Resistance is
at 1529 to 1535 and 1569 to 1576.
Support is at 1513.5 to 1510 and 1496 to 1484, a slip under is negative and augurs for a test
of 1459 to 1453
Precious
Metals
December
Gold
Recommended Open Position : Long 2 at
288.9 avg
Support should
appear near 277.5 to 275.8 and 274.1
Resistance
is
at 279.4 then 282 to 282.8...
December
Copper
Support should appear near 6430
to 6415 and 6355 to 6335..
Resistance
should appear near 6485 to 6510 and 6570 to
6590..BW Traders can sell at
6570 and risk a close over 6675 for three days in a
row..
December
Silver
Recommended Position Long
2 at 434.7
Support should appear near 405.5
to 404.5
Resistance
is at 411 to 412 and 416.5 to 418
The
Exciting Energies
December
Crude Oil
Recommended
open position long at 2117
Resistance
is at 2226
.. beyond that a test of 2267 to 2275 is likely.
Support
is at 2185 to 2170 and the 2134 to 2126 region
December Unleaded Gas
Recommended
open position Long at 5360
Support should appear near 5955 to 5945
and 5880 to 5855 under that 5805 to 5790 and the 5730 to 5715 region should
contain a decline.
Resistance
is at the 6100 to 6115 .. Beyond that a
test of 6165 to 6190 is likely....
Stay tuned for Updates..
December
Heating Oil
Recommended
open position long at 6190
Resistance
is at 6335 to 6355 and the 6415 to 6430 region...
Support
should appear
near 6255 and he 6190 to 6165 region .. Below that 6035 to 6025 should
hold..
Trade Accordingly
The
Lively Livestock Markets
December
Cattle
Support should appear near 6270 to 6255
and 6190.
Resistance
is at
6335 to 6350 and the 6415
to 6430
December
Hogs
Recommended open position Long at 5142
Resistance
is at 4972 to 4997
February Hogs
Support
is at 5212 to 5200 and the 5137 to 5127 region. .
Resistance
is at 5257 to 5282 and the 5242 to
5357 region.
February Pork Bellies
Support should
appear near 7002 to 6987 and the 6837 to 6807 region.. Below that buyers should
appear near 6757 to 6742..
Resistance
is
at 7072 to 7087, an extended trade over augurs for a test of 7142 to 7172
Stay
tuned for Livestock Updates and Flashes
The
‘Grand’ Grain
Markets
January
Soybeans
Recommended
open position Long 2 at 442 1/4 avg
Resistance
is at 450 1/2 to
451 1/2
Support
should appear near 442 1/2 and the 438 1/4
to 437
region
December
Soybean Meal
Recommended
open position Long 2 at,164.0
Resistance
should appear near 160.9 to 161.5
Support
is at 157.6 to 156.9
December
Soybean Oil
Support
is near 1576 to 1569 and 1535 to 1529
Resistance
should appear near 1609 to 1615
December
Corn
Resistance should appear near 208 to 208 1/2
Support should appear near
the 204 1/4 to 203 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 and 292 3/4 to
293 3/4
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 3270 and 3315 to 3330 .. Beyond that sellers should appear
near 3375 to 3385
Dec
Coffee
Resistance
should appear near the 4505 to 4515 and
4570 to 4580
March
Sugar
Resistance
should appear near 723 and 735 to 738
Support
should appear
near 704 and 686 to 682
December
Cocoa
Support is at 1136 to 1130 and
1101 to 1096
Resistance
should appear near 1164 to 1169 and 1192 to
1203
--A
ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Saturday November
10th, 2001
1:25 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 11-9-2001
Long 10 Dec EC 8958
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
Long 10 Jan Beans 438
Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 11-9-2001
Short 4 Dec SP500 1092.80 avg
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html