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FuturesCom Investment Publications
Morning Comments,  December 7th, 2001
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Morning Comments  
Thursday December 7th, 2001

4:30  PM

                                            Financial Markets 

On the Frenzied Forex Front

December Japanese Yen
Support should appear near the 7954 to 7934 region..
Resistance
should appear near 8034 to 8045 and 8081

December Euro FX
Recommended open position long 8902
Support is at  8934 and 8902  .
Resistance is at  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 6101 to 6113  
Support should appear near 6068 and 6034 to 6023   

December  British Pound
Support should appear near 1.4210 ti 1.4150 
Resistance is at 1.4286 and 1.4336.

December Canadian  Dollar
Support should appear at 6350 to 6337  
Resistance is at 6383 and 6417 to 6430. 

December Australian Dollar
Recommended open position long at 5176
Support
is at 5176 then 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 105-12 and 105-22 then 106-12.
Support is at 104-22 to 104-17 and 103-23

Dow Jones Industrial Average
Resistance
should appear near 10,104 to 10136 and 10,185 .  
Support
is at 10,037 to 10,021   

December SP500
Recommended Position Short 6 at 1112.50 avg
Resistance should appear near 1174.70 and 1180.50 then 1192 to 1203. 
Support should appear near 1166.5 and 1164 and 1150

Nasdaq Composite
Resistance
is at 2061 then 2080 to 2088 and 2126 to 2134
Support is at 2042 to 2034 and 1996 to 1989   

December Mini- Nasdaq 100
Resistance
is at 1731 to 1738 and 1774 to 1780
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  6925 to 6910 and 6835 to 6810
Resistance
should appear near  6990 to 7005 and 7065 to 7080  then 7140 to 7170... 

March Silver
Recommended open position long 2 at 418.0  avg

Support 
should appear near  the 418.5 t 417 and 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 425 and the 430.5 to 431.5 region


                                    The Exciting Energies  

January Crude Oil
Support should appear near  1858 and the 1822 to 1808 region , below that a test of 1780 to 1774 is likely
Resistance
is at 1902 to 1909 

January
Unleaded Gas
Support should appear near 4995 to 4975 and 4935 to 4915 . 
Resistance should appear near 5200 to 5210 and 5255 to 5290  

Stay tuned for Updates..    

January Heating Oil
Resistance is at the 5125 to 5140 and 5200 to 5210..
Support should appear near 4935 to 4915 and 4855 to 4845   

Trade Accordingly


The Lively Livestock Markets

Feb Cattle
Support should appear near 6922 to 6907  and the 6835 to 6812 region. 
Resistance is at 6992 to 7007 and 7072 . 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 5282 to 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 7487 then 7427 to 7412 and 7342 to 7327. 
Resistance
is at 7587 to 7602 and 7672 to 7692
   
                                               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 under that 431 1/2 to 430 1/2  should contain a decline.....

January Soybean Meal
R
esistance should appear near 149.6 then 152.9 to 153.5 . 
Support is at 148.4 and 145.9 to 145.3.

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 217 to 218 1/2 and 221 3/4 to 222 3/4
Support
 
should appear 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 the 277 3/4 to 275 1/2..region... 
Resistance is at 282 to 282 3/4  
 


The Satisfying Softs

March Cotton  
Support should appear near 3745 to 3735 and  3685 to 3660 
Resistance
is at  3855 to 3870 and 3905 to 3930 

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 ! 

Thursday December 6th, 2001  
5:00 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 12-06-2001
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 15 Feb hogs 5330 avg
Long 5 Feb Bellies 7515
Long 5 March Coffee 4905

Index Program 
http://www.futurescom.com/index01.htm
Recommended Open Position as of 12-06-2001
Short 10 Dec SP500 1128.80 avg

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