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Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500 - Precious Metals - Energy - Livestock - Grains
- Softs
Premier Service
Description
of Services
FuturesCom
Investment Publications
Morning
Comments Monday November
26th 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
"A
lot of people approach risk as if it's the enemy,
when it's really fortunes accomplice."
Morning
Comments
Sunday November 25th, 2001
5:00
AM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Recommended open position long at 8045
Support should appear near 8044 to 8029,
below that buyers should emerge from the woodwork near 7955 to 7939 and the 7865
region...
Resistance
should appear near 8119 to 8134
December
Euro FX
Recommended open position long 2 at 8910
Support
is at
8777
to 8762 .and 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 8856 to 8871
December
Swiss Franc
Recommended Open Position Long at 6035
Support should appear near the 5957 to 5945 region.
December
British Pound
Support
should appear near 1.4086
and 1.3990
Resistance is at 1.4150 to 1.4210
December
Canadian Dollar
Recommended position long at 6360
Support
should appear at 6223
Resistance
is at 6270 then 6305
December Australian Dollar
Recommended open position, long at 5176
Support is
at 5139 to 5127
Resistance should appear near 5200 to 5210 .
The Sensational Bond and
Stock Markets
March
10 Year
T-Note
Support
is at 103-22 to 103-17
Dow Jones Industrial Average
Resistance should appear
near 9983, beyond that sellers should appear near 10,021 to 10,037.
and the 10,104 to 10,136 region
Support is
at 9937 to 9921 and 9877
December
SP500
Recommended Position
Short 4 1094.70
Resistance should appear near 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 1143.
Nasdaq Composite
Resistance is
at 1909 and the 1946 to 1953 region.
Support is at 1882 and the 1865 to 1858 region.
December Mini- Nasdaq 100
Resistance is
at 1609 to 1615 and 1642 to 1655
Support is at 1576 to 1569 under that a trade towards the 1535 to 1529
region is likely.
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.
Resistance
should appear near 6805 to 6835
then 6905 to 6920.
December
Silver
Recommended Position Long
412.5
Support should appear near 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 405.5 and 411.5 to 412.5
March
Silver
Recommended Position Long
412.5
The
Exciting Energies
January
Crude Oil
Resistance
should appear near 1982 to 1996 and the 2034 to 2042 region .
Support
is at 1865 to 1858 and 1822 to 1808.
January Unleaded Gas
Support should appear near 5280 to 5250
and 5210 to 5200 then 5140 to 5125
Resistance
is at 5345 to 5355 and
the 5555 to 5575 region
Stay tuned for Updates..
January
Heating Oil
Resistance
is at the 5550 to 5575 region .. Beyond that sellers should
appear near 5715 to 5730
Support
should appear
near 5355 to 5345 and 5210 to 5200 then 5065 to 5035
Trade Accordingly
The
Lively Livestock Markets
Feb
Cattle
Support
should appear near 7002 to 6987 and 6922
to 6907
Resistance
is should
appear near 7072 to 7087.BW Traders can sell at 7072 for a turn lower and risk a
close over 7172 for three days in a row.
February Lean Hogs
Support is at 5417 and
5357 to
5347
Resistance
is at the 5492 to 5507 region..
February Pork Bellies
Support
should
appear near 7427 to 7412 then 7342 to 7327 and the 7257 to 7242 region.
Resistance
is
at 7482 to 7512 and the 7587 to 7602 region ..
Beyond that a test of 7672 to 7687 is likely.
Stay
tuned for Livestock Updates and Flashes
The
‘Grand’ Grain
Markets
January
Soybeans
Recommended
Position Long 444 3/4
Resistance
is at 451 1/2 and 457 1/4 to 458 1/2 .
Support
should appear near 447 3/4 and the 444 3/4 to 442 1/2
region.
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
should appear near 161.5 to 160.9.
January
Soybean Oil
Support
is near 1655 to 1642
Resistance
should appear near 1689 to 1696
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
Support should appear near
the 218 1/2 to 217..
December
Wheat
Recommended Open Position Long at 289 1/4
Nearby Support
should appear near 288 1/4 to 287 3./4, under that 282 3/4 to 282
should contain a decline .
Resistance
is at 292 3/4 to 293 3/4.. Beyond
that a test of 297 1/4 to 299 is likely
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
BW Traders should go long if a close over 304 1/2 occurs...
The Satisfying Softs
March
Cotton
Resistance is at 3615 to 3625 and 3735 to 3745..
March Coffee
Support is
near 4995 to 4970 and the 4925 to 4915 region..Below that buyers should appear
near 4855 to 4845.
Resistance
should appear near the 5125 to 5135
region is likely.
A close over 5135 is friendly and augurs for a test of 5255 to 5285.
March
Sugar
Resistance
should appear near the 763 to 767 region... Beyond that a test of 791 to 795 is
likely.
Support
should appear
near 751 then 739 to 735 and 723
March
Cocoa
Resistance
is at 1274 and the 1304 to 1310 region.
Support
is at 1253 under that 1238 to 1232 should
hold ..
A
Ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Sunday
November 25th, 2001
9:00 AM
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 11-23-2001
Long 10 Dec EC 8958
Long 10 Dec Swiss Franc 6039
Short 10 Dec SP500 1137.20 avg
Long 10 Feb Gold 274.0
Long 10 Jan Beans 452 1/2
Long 10 Dec Wheat 285 3/4 avg
Long 10 March Wheat 290
Long 25 Dec Hogs / Short 25 Feb Hogs + 495
Long 5 March Coffee 4905
Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 11-23-2001
Short 4 Dec SP500 1092.80 avg
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html