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FuturesCom Investment Publications
Morning Comments,  December 10th, 2001
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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If the Creator had a purpose in equipping us with a neck,
he surely meant for us to stick it out. "--- Arthur Koestler

  1. Morning Comments  
    Sunday December 9th, 2001

    4:30  AM

                                                Financial Markets 

    On the Frenzied Forex Front

    March Japanese Yen
    Support should appear near the 7991 and the 7954 to 7934 region..
    Resistance
    should appear near 8029 to 8045  and 8081

    March Euro FX
    Recommended open position long 8863
    Support is at  8856 and 8818 .Under that buyers should appear near 8777 to 8762
    Resistance
    is at  8871 and 8901. A close over is friendly and augurs for a an eventual test of  8936 to 8964 
    and the  9044 to 9060 region.. 


    Aggressive BW traders should go long if a close over 8903 occurs..

    S
    tay tuned for Updates…  

    March Swiss Franc
    Recommended open position long 6028
    Resistance should appear near 6034 and 6068, a close over is friendly and indicates a test of  6101 to 6113  
    and eventually the 6165 to 6190 region. 
    Support should appear near 5998 and the 5957 to 5945 region.    

    March  British Pound
    Support should appear near 1.4210 to 1.4150 
    Resistance is at 1.4286 and 1.4336.

    March Canadian  Dollar
    Support should appear at 6350 to 6337  
    BW Traders can buy at 6305 and risk a close under 6255 for three days in a row. 
    Resistance is at 6383 and 6417 to 6430. 

    March Australian Dollar
    Recommended open position long at 5119
    Support
    is at 5067 to 5055 . 
    Resistance
    should appear near 5127 to 5139 and 5176 

    BW Traders should go long if a close over 5176 occurs

                                                                      Stay tuned for Forex Updates
     
    The Sensational Bond and Stock Markets

    March 10 Year  T-Note
    Resistance should appear near 104-06 and  104-12, a close over is friendly and indicates a test of  105-07 and  105-22.
    Support is at 103-23 and 103-06..Under that support is at 102-22 

    Dow Jones Industrial Average
    Resistance
    should appear near 10,070.5 and the 10,104  to 10136  region. Beyond that  resistance is at 
    10,185 and the 10,320 to 10,360 region..    

    Support
    is at 10,037 to 10,021, a close or extended trade under is negative and augurs for a test of 9979 and the  9937 to 9921 region.     

    December SP500
    Recommended Position Short 6 at 1112.50 avg
    Resistance should appear near 1164 to 1166.5 and 1169.. Beyond that a test of 1174.70  is likely.. Above that sellers should appear near 1180.50 and the 1192 to 1203 region.. 

    Support should appear near 1157 and 1150.. a close under augurs for a test of 1136 to 1133 and 1130..

    Nasdaq Composite
    Resistance
    is at 2034 to 2042 and 2061..
    Support
    is at 2015, a slip under indicates a trade towards the 1996 to 1989 region 

    December Mini- Nasdaq 100
    Resistance
    is at 1689 to 1696 then 1713.5 and the 1731 to 1738 region.  Beyond that a test of  the 1774 to 1780 region is likely.. 
    Support is at 1671.5 , under that a trade towards 1655 to 1642 is likely.. Below that buyers should appear near 1615 to 1609

    Pick Your poison and Trade Accordingly


                                                              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  6835 to 6810 and 6755 to 6740
Resistance
should appear near  6910 to 6925 and 6990 to 7005.. 

March Silver
Recommended open position long  412.5 

Support 
should appear near  the 425 to 423.5 then 418.5 to 417 and the 412.5 to 411 region. 

Resistance is at 430.5 to 431.5


                                    The Exciting Energies  

January Crude Oil
Support should appear near 1882 , under that buyers should appear near 1865 to 1858 and the 1822 to 1808 region
Resistance
is at 1909  and the 11946 to 1953 region.

January
Unleaded Gas
Support should appear near 5210 to 5200 and 5130 to 5125 under that 4995 to 4975 should hold. 
Resistance should appear near 5255 to 5290 region.. Beyond that a test of 5415 to 5430 is likely   

Stay tuned for Updates..    

January Heating Oil
Resistance is at the 5200 to 5210 and 5345 to 5355
Support should appear near 5065 to 5050 and the 4935 to 4915 region.   

Trade Accordingly


The Lively Livestock Markets

Feb Cattle
Support should appear near the 6837 to 6812 region.. Failure there augurs for a test of  6757 to 6742.. 
BW traders can buy at 6752 of as bounce , risk a close under 6707 for three days in a row. 
Resistance is at 6907 to 6922 

February Lean Hogs
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
Support
should appear near 7427 to 7412 and 7342 to 7327.. Below that 7257 to 7242 should contain a decline..  
Resistance
is at 7512 and 7587 to 7602, beyond that a test of 7672 to 7692 is likely. 
   
                                               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 to 458 1/2 and beyond towards the 463 3/4 to 465 region.. .
Support should appear near 444 3/4 to 442 1/2 and  438 1/4 to 437 under that 431 1/2 to 430 1/2  should contain a decline.....

BW Traders should go long if a close over 451 3/4 occurs. 

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

January Soybean Oil
Support is near 1655 to 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
Support
 
should appear near the  218 1/2 to 217 and 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 1/4  


The Satisfying Softs

March Cotton  
Support should appear near 3685 to 3660 and the 3565 to 3550 region. 
Resistance
is at  3795 to 3805 and 3855 to 3870 

March Coffee
Recommended open position long 5035
Support is near 4650 to 4635 and 4580 to 4570 under that 4515 to 4505 should hold ..  
Resistance should appear near 4715 and 4775 to 4785 a close over is friendly and augurs for a test of  4915 to 4925 
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
Recommended position long at 1238

Resistance is at 1268 to 1275 and 1289   
Support should appear near 1238 to 1232  and 1203 to 1192

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

Happy Trading !
Bill ! 

Sunday  December 9th, 2001  
6:30 AM

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.

-----------------------------------------------------------------------------------------
Premier Service
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 12-07-2001
Long 5 March EC 8900
Long 10 March Swiss Francs 6068
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 5 Feb Bellies 7515
Long 5 March Coffee 4905

Index Program 
http://www.futurescom.com/index01.htm
Recommended Open Position as of 12-07-2001
Short 10 Dec SP500 1128.80 avg

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