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FuturesCom Investment Publications
 Morning Comments,  December 5th, 2001
 Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Morning Comments  
Wed December 5th, 2001
2:45   PM

                                            Financial Markets 

 On the Frenzied Forex Front
December Japanese Yen
 Support should appear near the 8044 to 8029 region..
Resistance should appear near 8081 then 8119 to 8134 and the 8195 to 8223 region. 

BW Traders should go long if a close over 8134 occurs

December Euro FX
Recommended open position long 8902
 Support is at  8871 to 8856 and 8818. 
BW Traders can buy at 8818 for a bounce, risk a close under 8762 for three days in a row.. .

Resistance is at 8901 and 8934 to  8964..A close over is friendly and augurs for a an eventual test of  9044 to 9060  
Aggressive BW traders should go long if a close over 8964 occurs..stay tuned for Updates…  

December Swiss Franc
Recommended open position long 6068
Resistance should appear near 6034 and 6068. 
Support should appear near the  6023 and 5998  

 December  British Pound
Support should appear near 1.4090 and 1.4042  
 Resistance is at 1.4210 and 1.4286

December Canadian  Dollar
Support should appear at 6350 to 6337  

Resistance is at 6417 to 6430. 

 December Australian Dollar
Recommended open position long at 5176
Support is at 5139 to 5127. 
Resistance should appear near 5200 to 5211 

                                                                  Stay tuned for Forex Updates
 
The Sensational Bond and Stock Markets

March 10 Year  T-Note
 Resistance should appear near 106-12 and the 106-23 region.
 Support is at 105-12 and 104-22 to 104-17   

Dow Jones Industrial Average
Resistance should appear near 10,185 and the 10,320 to 10,360 region. .  
Support is at 10,104 and 10,037 to 10,021  

December SP500
Recommended Position Short 6 at 1112.50 avg
 Resistance should appear near 1180.50 and the 1192 to 1203 region. 
Support should appear near 1169 to 1166.5 and 1164

Nasdaq Composite
Resistance is at 2080 to 2088 and 2126 to 2134
Support is at 2042 to 2034   

December Mini- Nasdaq 100
Resistance is at 1731 to 1738
Support is at 1696 to 1689. 

                                                              Precious Metals

February  Gold
 Recommended Open Position : Long 2 at  275.7 avg
 Support  should appear near 272.5 to 271.6  
 Resistance is at 275.5 to 277.5  

March Copper
Recommended position long at 7005
Support should appear near 7005 to 6990 and 6925 to 6910
Resistance should appear near 7065 to 7080 and 7140 to 7170... 

March Silver
Recommended open position long 2 at 418.0  avg
Support should appear near  the 412.5 to 411 region. Under that support should appear near 405.5 to 404.5,  which should contain a decline for a bit..
 Resistance is at 423.5 to 425.
  

                                    The Exciting Energies  

January Crude Oil
 Support should appear near 1946 and 1909 to 1902 then 1865 to 1858
Resistance is at 1982 to 1996 and 2034 to 2042 

January Unleaded Gas
 Support should appear near 5355 to 5345 and the 5285 to 5260 region. . 
Resistance should appear near 5430 then 5405 to 5505 and the 5555 to 5580 region.  

Stay tuned for Updates..    

January Heating Oil
 Resistance is at the 5345 to 5355 and 5415 to 5430 then 5485 to 5505..
Support should appear near 5285 to 5255 and 5210 to 5200   

 Trade Accordingly

The Lively Livestock Markets

Feb Cattle
Support should appear near the 6922 to 6907 region.. 
 Resistance is at 6992 to 7007 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
Recommended position long at 5297
Support should appear near 5257 and the 5212 to 5197 region. .
Resistance is at  5342 to 5357 and 5417 to 5432  

.
February Pork Bellies
Recommended Open position long 2 at 7520 avg
Support should appear near 7342 to 7327 and  7257 to 7242. 
Resistance is at 7412 to 7427 and 7487 to 7512. 
    
                                               Stay tuned for Livestock Updates and Flashes

                                                  The ‘Grand’ Grain Markets
January Soybeans
 Recommended Position Long 444 3/4
 Resistance is at 450 1/2 to 451 1/2... a close over is friendly and augurs for a test of 457 1/4 to 458 1/2 and the  463 3/4 to 465 region ..

Support should appear near 442 1/2 and 438 1/4 to 437 under that 431 1/2 to 430 1/2  should contain a decline.....

January Soybean Meal
Resistance should appear near 152.9 to 153.5 . 
 Support is at 149.6 to 148.4..

January Soybean Oil
Support is near 1642 and 1615 to 1609
 Resistance should appear near 1689 to 1696 and the 1731 to 1738 region ..

Trade Accordingly..

March Corn
Recommended open position  long at 218 3/4
 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 218 1/2  to 217. Under that buyers should emerge near the 213 1/2 to 212 3/4  region.. .

March Wheat  
Recommended Open Position Long 2 at  287 3/4 avg 
Nearby Support should appear near 282 3/4 to 282 and the 277 3/4 to 275 1/2..region... 
Resistance is at 287 1/2 to 288 3/4  
  

The Satisfying Softs

March Cotton  
 Support should appear near 3660 and 3565 to 3555
Resistance is at  3735 to 3745 and 3855 to 3870.. 

March Coffee
 Recommended open position long 5035  
 Support is near 4515 to 4505 and 4445 to 4425 .. Below that buyers should appear near 4315 to 4305 ..
BW  Traders can buy at 4305 for a turn higher and risk a close under 4160 for three days in a row..  

Resistance should appear near 4635 to 4650  and 4695 to 4715. 
Stay tuned for updates

March Sugar
Resistance  should appear near 791 to 795, beyond that a test of 814 to 823
Support should appear near 768 to 763 and the 739 to 735 region .. 

Trade Accordingly

March Cocoa
Resistance is at 1289 then 1304 to 1310  
Support should appear near 1274 to 1268 ...Below that buyers should appear near 1238 to 1232 . BW Traders can buy at 1238 and risk a close under 1192 for three days in a row

A Ship in Harbor is Safe.. But that's not what ships are built for --

Happy Trading !
Bill ! 

Wed December 5th, 2001  
4:05 PM

THIS PUBLICATION CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS 
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.

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Premier Service
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 12-05-2001
Long 5 Dec EC 8959
Long 5 Dec Swiss Francs 6090
Short 7 Dec SP500 1159.50 avg 
Long 10 Feb Gold 274.0
Long 20 Jan Beans 445 3/4 avg
Long 20 March Wheat 287 3/4 avg
Long 10 Feb hogs 5392 avg
Long 5 Feb Bellies 7515
Long 5 March Coffee 4905

Index Program 
http://www.futurescom.com/index01.htm
Recommended Open Position as of 12-05-2001
Short 10 Dec SP500 1128.80 avg

Morning Comment  Day Trades (MC):
http://www.futurescom.com/mcper01.html