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- Softs
Premier Service
Description
of Services
FuturesCom
Investment Publications
Morning
Comments Tuesday November
27th 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 26th, 2001
7:00
PM
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 8818, an extended trade or close over augurs for a test of the 8856 to 8871
region..
December
Swiss Franc
Recommended Open Position Long at 6035
Support should appear near 5998 and
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 6256 to 6270
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 104-12 and 103-22 to 103-17
Dow Jones Industrial Average
Resistance should appear 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. Beyond that sellers should appear near
1180.5.
Support should appear near
1150, a close or extended trade under augurs for a test of 1143 and eventually
the 1136 to 1130 region. .
Nasdaq Composite
Resistance should
appear near the 1946 to 1953 region. Beyond that 1982 to 1996 should
cap a rally for a bit..
Support is at 1909 to 1902 and 1882
December Mini- Nasdaq 100
Resistance is
at 1642 to 1655 and the 1689 to 1696 region.
Support is at 1615 to 1609 under that a trade towards the 1576 to 1569
region is likely.
Precious
Metals
Feb
Gold
Recommended Open Position : Long
2 at 274.6 avg
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..
Support should appear near
6835 to 6805 and 6755 to 6740.
Resistance
should appear near 6905 to 6920 and the
6990 to 7005 region.
March Silver
Recommended Position Long
2 at 409 avg
Support should appear near the
404.5 then 399 to 397 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 408 and 411.5 to 412.5
The
Exciting Energies
January
Crude Oil
Resistance
should appear near 1902 to 1909 and 1946 to 1953 .
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 5415 to 5430 and the 5550 to 5575 region .. Beyond that sellers should
appear near
5715 to 5730
Support
should appear
near 5285 to 5255 and 5210 to 5200 then 5065 to 5035
Trade Accordingly
The
Lively Livestock Markets
Feb
Cattle
Support
should appear near 6922
to 6907
Resistance
is should
appear near 6992 to 7002 and 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 5357 to
5347
Resistance
is at the 5432 and the 5492 to 5507 region..
February Pork Bellies
Support
should
appear near 7482 then 7427 to 7412 and 7342 to 7327.
Resistance
is
at 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 442 1/2 to 444 3/4.
Support
should appear near 438 1/4 to 437.
January
Soybean Meal
Recommended Position Long
157.2
Resistance
should appear near the 156.9
to 157.6 .
Support
should appear near 153.5 to 152.9 and 149.6
to 148.4
January
Soybean Oil
Support
is near 1642 and 1615 to 1609
Resistance
should appear near 1655 and 1672
March
Corn
Resistance should appear near 217 to
218 1/2
Support should appear near
the 213 1/2 to 212 3/4.
March
Wheat
Recommended Open Position Long 2 at 287 3/4 avg
Support
should appear near 282 3/4 to 282 and should contain a decline .
Resistance
is at 287 1/2 to 288 3/4
The Satisfying Softs
March
Cotton
Resistance is at 3665 to 3685 and 3735 to 3745f
March Coffee
Support is
near 4970 and the 4925 to 4915 region..Below that buyers should appear
near 4855 to 4845.
Resistance
should appear near the 5035 to 5065 and 5125 to 5135
.
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 the 1304 to 1310 region. Beyond that a test of 1334 to 1345 is
likely.
Support
is at 1274 to 1268 and 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 !
Monday
November 26th, 2001
8:35 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 11-26-2001
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 20 March Wheat 287 3/4 avg
Long 5 Dec Hogs 5030
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 11-26-2001
Short 4 Dec SP500 1092.80 avg
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html