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- Softs
Description
of Services Premier Service
FuturesCom
Investment Publications
Morning
Comments Tuesday November
20th 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
Monday November 19th, 2001
7:35 PM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Support should appear near 8119. Below
that buyers should appear near 8044 to 8029..BW Traders can buy at 8045 for a turn higher and risk a close under 7955 for three
days in a row.
Resistance
should appear near 8195 to 8223, a close over is friendly and augurs
'pop' towards the 8300 to 8314 region.
BW Traders should go long if a close over 8223 occurs
December
Euro FX
Recommended open position long 2 at 8910
Support
is at
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 8818 and 8856 to 8871..
December
Swiss Franc
Recommended Open Position Long at 6035
Support should appear near 6023 and the 5957 to 5945 region.
December
British Pound
Recommended Position Long 1.4716
Support
should appear near 1.3990.
Resistance is at 1.4150 to 1.4210..
December
Canadian Dollar
Recommended position long at 6360
Support
should appear at 6270 to 6256..
Resistance
is at 6305 an extended trade
over is friendly and augurs for an eventual test of the 6335 to 6357
December Australian Dollar
Support is
at 5200 and 5139 to 5127.BW Traders can buy at 5176 and risk a close
under 5125 for three days
in a row.
Resistance should appear near 5250 to 5282, a close over is friendly and
augurs for a test of the
5345 to 5355 region..
BW Traders should go long if a close over 5282 occurs
The Sensational Bond and
Stock Markets
March
10 Year
T-Note
Support
is at 106-12 and 105-28.
Dow Jones Industrial Average
Resistance should appear
near 10,0021 to 10,037.
Beyond that Sellers should appear near 10,104 to 10,136
Support is
at 9937 to 9921
December
SP500
Recommended Position
Short 4 1094.70
Resistance is at the 1164 to 1169
region ..BW Traders can sell at 1166.40 for a turn lower, risk a close over 1169
for three days in a row..
Support should appear near
1150 and 1136 to 1130.
Nasdaq Composite
Resistance is
at 1946 to 1953 and the
1982 to 1996 region.
Support is at 1909 to 1902
December Mini- Nasdaq 100
Resistance is
at 1642 to 1655 and 1689 to 1696
Support is at 1615 to 1609
Precious
Metals
December
Gold
Recommended Open Position : Long 283
Support should
appear near 272.5 to 271.6 Below that buyers should appear near
267.2 to 266.3 and the 262 to 261.2 region
Resistance
is
at 275.8 to 277.5, a close over
277.5 is friendly and
augurs for a test of 282 to 282.8..
Recommended Open Position : Long
275.7
December
Copper
Support should appear near 6755
to 6740 and 6670 to 6655. Below that 6590 to 6575 should hold..
Resistance
should appear near 6805 to 6835 and 6905 to 6920.
December
Silver
Recommended Position Long
412.5
Support should appear near 404.5 and the 393 to 391 region which should contain a decline for a
bit... Under that support is near 387.5 to 385.
Resistance
is at 411.5 to 412.5
March
Silver
Recommended Position Long
412.5
The
Exciting Energies
January
Crude Oil
Support should appear near 1822 to 1808
and the 1780 to 1774 region .
Resistance
is at 1858 to 1865 and 1902 to 1909.
January Unleaded Gas
Support should appear near 5140 to 5125
and the 4995 to 4975 region
Resistance
is at 5255 to 5280
and 5345 to 5355
Stay tuned for Updates..
January
Heating Oil
Resistance
is at 5415 to 5430 and the 5550 to 5575 region
Support
should appear
near 5210 to 5200 and the 5065 to 5035 region
Trade Accordingly
The
Lively Livestock Markets
Feb
Cattle
Support
should appear near 6907 then 6837 to 6807.
Resistance
is at 6987 to 7002
and should cap a rally for a bit.
February Lean Hogs
Support
is at 5417 and 5357 to 5347
Resistance
is at 5492 to 5507 and
5552 to
5577 region..
February Pork Bellies
Support
should
appear near 7342 to 7327 then 7257 to 7242 and the 7172 to 7142 region...
BW Traders can buy at 7172 and hold for higher prices..
Resistance
is
at 7412 to 7427 then 7482 to 7512 and the 7587 to 7602 region
Stay
tuned for Livestock Updates and Flashes
The
‘Grand’ Grain
Markets
January
Soybeans
Recommended
Position Long 444 3/4
Resistance
is at 457 1/4 to 458 1/2 and the 463 3/4 to 465
region .
Support
should appear near 444 3/4 to 442 1/2 and
438 1/4 to 437.
BW Traders go long if a close over 458 3/4 occurs..
December
Soybean Meal
Recommended Position Long
161.5
Resistance
should appear near the 164.2
to 165.5 .
Support
is at 162.8 .. Below that
support should appear near 161.5 to 160.9.
January
Soybean Oil
Support
is near 1576 to 1569
Resistance
should appear near 1642 to 1655
March
Corn
Resistance should appear near 221 3/4
to 222 3/4 , a close over is friendly and augurs for a test of 226 3/4 to
227 1/2 and eventually the 231 1/2
to 232 1/4 region.
Support should appear near
the 218 1/2 to 217..
December
Wheat
Recommended Open Position Long 2 at 286 avg
Nearby Support
should appear near 288 1/4 to 287.. Below that buyers should appear
near 282 3/4 to 282
Resistance
is at 292 3/4 to 293 3/4
Aggressive BW Traders should go long if a close over 293 3/4 occurs..
March
Wheat
Recommended
open position Long at 290
Resistance
is at 297 1/2 to 299 and the 303 3/4 to
304 1/2 region
The Satisfying Softs
March
Cotton
Resistance is at 3615 to 3625 and 3735 to 3745..
March Coffee
Support is
near 4925 to 4915 and 4855 to 4845.
Resistance
should appear near 5035 to 5070.
March
Sugar
Resistance
should appear near the 763 to 767 region.
Support
should appear
near 739 to 735 and 723
March
Cocoa
Resistance
is at 1304 to 1310.
Support
should appear near 1238 to 1232
A
Ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Monday
November 19th, 2001
8:30 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 11-19-2001
Long 10 Dec EC 8958
Short 10 Dec SP500 1137.20 avg
Long 10 Dec Gold 282
Long 20 Jan Beans 445 1/4 avg
Long 10 Dec Wheat 285 3/4 avg
Long 10 March Wheat 290
Long 25 Dec Hogs / Short 25 Feb Hogs + 495
Long 5 Feb Pork Bellies 7390
Long 5 March Coffee 4905
Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 11-19-2001
Short 4 Dec SP500 1092.80 avg
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html
Thanksgiving Holiday Schedule
All Markets are Closed on Thursday. November 22nd. The following schedule details early
closings and holiday-suspended trading for U.S. markets Wednesday, Nov. 21, and Friday, Nov. 23.
CBT: Chicago Board of Trade agricultural and interest rate contracts will close at 1200 CT Wednesday and Friday. Stock index contracts will observe
normal trading schedules Wednesday, but will close at 1215 CT Friday. Electronic a/c/e trading for financials and metals will close at 1230 CT
Wednesday. All other a/c/e trading will close at its normal time. Overnight a/c/e trading will be closed Wednesday. On Thursday, overnight a/c/e trading will be closed for mini-sized
precious metals futures. Electronic a/c/e trading will reopen at its normal evening times for all other contracts. On Friday, a/c/e trading will be closed for mini-sized precious metals
futures. Agricultural a/c/e contracts will close at their normal time of 0600 CT, with stock index contracts at 1215 CT and financials and other precious
metals contracts at 1230 CT.
CME: Chicago Mercantile Exchange agricultural, currency and interest rate contracts will close at 1200 CT Wednesday and Friday for pit and Globex2
electronic trading. Equity contracts will trade normal hours Wednesday for both pit and Globex2, but will close at 1215 CT Friday. On Thursday, Globex2 will halt trading at 1030 CT and resume at 1730 ET.
KCBT: Kansas City Board of Trade wheat futures and options will close at
1200 and 1210 CT, respectively, Wednesday and Friday. Stock index contracts will trade normal hours Wednesday but will close at 1215 CT Friday.
MGE: Minneapolis Grain Exchange futures will close at 1210 CT Wednesday and Friday, with options closing at 1215 CT.
MIDAM: The CBT's MidAmerica Commodity Exchange livestock, currency and
eurodollar contracts will close at 1215 CT Wednesday and Friday, with grain
contracts closing at 1230 CT those days.
NYBOT: The New York Board of Trade listed these closings for its subsidiaries:
CSCE: The Coffee, Sugar and Cocoa Exchange will be closed Friday.
FINEX: The Financial Instrument Exchange's New York day session will close at 1300 ET Wednesday and Friday for all products. Dublin will trade its
usual hours Wednesday and Friday.
NYCE: The New York Cotton Exchange's cotton and frozen concentrated orange juice contracts will be closed Friday.
NYFE: The New York Futures Exchange will trade regular hours Wednesday except for the CRB, which will close at 1315 ET. All contracts will close at
1315 ET Friday.
NYMEX: All New York Mercantile Exchange contracts will be closed Friday. Access trading will be closed Wednesday and will reopen at 1900 ET Sunday. NYSE: The New York Stock Exchange will close at 1300 ET Friday.