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FuturesCom Investment Publications
Morning Comments ,December 18th 2001
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Morning Comments
Monday December 17th, 2001

 3:00 PM


                                                          Financial Markets 

On the Frenzied Forex Front

March  Yen 
Support should appear near 7865 to 7830 and the 7777 to 7763 region...
Resistance should appear near  7939 to 7954, a close over augurs for a test of 8029 to 8044 . BW  Traders can sell at 8028 and risk a close over 8134 for three days in a row.. .
Aggressive  BW Traders should go short if a close under 7829 occurs. 

March EC 
Support is at  8964 to 8934 and 8901.BW Traders can buy at 8965 and hold for higher prices.. Under that  buyers should appear near 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 9044 to 9060. A close over is friendly and augurs for a test of  9140 to 9156..
Aggressive BW traders should go long if a close over 9060
occurs..Stay tuned for Updates…  


March Swiss Franc 
Resistance should appear near 6165 to 6190.   
Support should appear near 6113 to 6101 then 6068 and the 6035 to 6023 region. BW Traders can buy at 6113 for a turn higher and risk a close under 6068 for three days in a row. 

 Aggressive BW Traders should go long if a close over 6192 occurs.. 



March  British Pound
Support
should appear near 1.4372,  BW traders can buy at 1.4372 for a bounce , risk a close under 1.4336 for three days in a row. 

Resistance is at 1.4530 to 1.4590.. Beyond that a trade towards the 1.4840 to 1.496 region is likely.. 

BW Traders should go long if a close over 1.4590 occurs.. 



March Canadian Dollar
Support should appear at 6350 to 6337 and 6270 to 6256...BW  Traders can buy at 6357 and risk a close under 6305 for three days in a row,
Resistance is at 6417 to 6430 

March Aussie Dollar 
Support
is at  5139 to 5127 .. BW Traders can buy at 5139 and risk a close under 5125 for three days in a row. Below that buyers should appear near 5067 to 5036 

Resistance
should appear near 5176, an extended trade over  is friendly and augurs for a test of 5200 to 5211 and eventually the  5250 to 5282 region..

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 104-07 and 104-23, an extended trade over is friendly and augurs for a test of 105-12 to 105-17..
Support is at 103-23 and 103-07...a close under 103-07 is negative and augurs for another  test of the 102-22 to 102-17 region...

Dow Jones Industrial Average
Resistance
should appear near the  9921 to 9937 region. An extended period over 9937 is friendly   and augurs for another test of  10,0021 to 10,037.  
Support should appear near  9879 and the 9837 to 9822 region 

March SP500
Resistance is at 1143 then 1150 and the 1164 to 1169 region .BW . Traders can sell at 1163.90 for a turn lower, risk a close over 1169 for three days in a row.. Beyond that a test of 1180.50 and the 1192 to 1203 region is likely. 

Support
should appear near 1136 to 1133 and 1130. 


Nasdaq Composite

Resistance
is at 1996 and the 2034 to 2042 region  
Support is at 1982 and 1953 to 1946

March Mini- Nasdaq 100
Resistance
is at the 1655 then 1672 and the 1689 to 1696 region. 

Support is at 1642 and 1615 to 1609, an extended trade under 1609 is negative and augurs for a test of 1576 to 1569 


                                                              Precious Metals
February Gold 
Support  should appear near 277.5 to 275.8. BW  Traders can buy at 275. 9 and hold for higher prices.. Under that buyers should appear near 272.4 to 271.6.. 

Resistance is at 282 to 282.8 
BW Traders should go long if a close over 279.8 occurs.  

March Copper
Support should appear near 6805 and 6755 to 6740 then 6670 to 6655..BW  Traders can buy at 6675 and risk a close under 6570 for three days in a row..
Nearby Resistance
should appear near  6835, a close over is friendly and augurs for a test of 6910 to 6925 and eventually the 6990 to 7005 region.. 

March Silver

Support 
should appear near 431.5  to 430.5 and the 425 to 423.5 region.. BW Traders can buy at 425.5 and hold for higher prices.. Under that support should appear near 418.5 to 416.5 region.. which should contain a decline for a bit..


Resistance
is at 437 to 438, a close over 438 is friendly and augurs for an eventual  test of the 442.5 to 444.5 and the 450 to 451.5 region. 

Aggressive  BW Traders should go long if a close over 438.5 occurs. 
Stay tuned for Updates.. 
 


                                    The Exciting Energies  

February Crude Oil 
Support should appear near 1909 to 1902 and 1865 to 1858 
Resistance
is at 1953, a close over is friendly and augurs for a test of 1982 to 1996 a


February Unleaded Gas

Support
should appear near 5505 to 5490.. Below that buyers should appear near the  5355 to 5345 region. 
Resistance is at 5640 to 5655 ...Above that Sellers should appear near 5715 to 5730 and the 5855 to 5880 region 
Stay tuned for Updates.    

February Heating Oil 
Resistance
is at the 5490 to 5505 and the  5550 to 5575 region  Beyond that resistance should appear near the 5715 to 5730..

Support should appear near 5430 to 5415 and the 5355 to 5345  region , under that support should appear near  5210 to 5200 and the 5065 to 5035 region   

Trade Accordingly 

The Lively Livestock Markets  


February Live Cattle 
Support should appear near  6757 to 6742. and 6672 to 6657..BW Traders can buy at 6672 for a bounce , risk a close under 6657 for three days in a row.. 
Resistance is at 6837 and the 6907 to 6922 region
Trade Accordingly and stay tuned for Updates.. 

February Lean Hogs 
Support
is at 5342 and 5287 to 5257. Below that support should appear near the 5212 to 5197 region... BW Traders can buy at 5217 and risk a close under 5122 for three days in a row. 
Resistance is at 5357, a close over is friendly and augurs for a test of 5417 to 5432 and beyond towards the 5492 to 5507 region..

BW Traders should go long if a close over 5357 occurs. .  

Stay tuned for Updates and new trades in the Hogs.. 

February Pork Bellies 
Recommended Open Position , long 7607


Support
should appear near  7587...Under that Buyers should appear near  7512 to 7487 and the 7427 to 7432 region..  BW Traders can buy at 7432 for a bounce and risk  a close under 7327 for three days in a row. 

Resistance
is at  7672 to 7687 , a close over is friendly and augurs for a test of  7762 to 7777 and beyond towards the  7937 to 7957 region   
   
                                               Stay tuned for Livestock and Belly Updates and Flashes

March Soybeans 

Resistance
is at 442 1/2 to 444 3/4  a close over is friendly and augurs for a test of 457 1/4 to 458 1/2 

Support should appear near 438 1/4 to 437 and 431 1/2 to 430 1/2  Below that buyers should appear near 425 to 423 1/2 and should contain a decline...BW  Traders can buy at 432 and risk a close under 423  for three days in a row.. 

BW Traders go long if a close over 444 3/4 occurs.. 

March Soybean Meal 
Support
should appear near the 145.9 to 145.3 
Resistance
is at 148.4 to 149.6  

March Soybean Oil 
Support is near 1576 to 1569 
Resistance
should appear near the 1609 to 1615  ..

Trade Accordingly..

March Corn 
Resistance should appear near 217 to 218 1/2.

Support should appear near emerge near the 213 1/2 to 212 3/4  region . BW Traders can buy at 213 3/4 for a turn higher and hold for higher prices.

March Wheat 

Nearby Support should appear near 282 3/4 to 282.. BW Traders can buy at 282 3/4 hold for higher prices.. Below that buyers should appear near the 277 3/4  to 275 1/2..region...
Resistance is at 287 1/2 to 288 3/4 and the  292 3/4 to 293 3/4 region. 

BW Traders should go long if a close over 288 3/4 occurs.. 


The Satisfying Softs

March Cotton 
Support should appear near 3660 and 3565 to 3555.

Resistance is at  3735 to 3745 and 3855 to 3865 


March Coffee 
Recommended open position. long 4615

Support is near the 4585 to 4570 region Under that support should appear 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 4650 and the 4695 to 4715 region,

BW Traders should go long if a close over 4860 occurs .

March Sugar
Resistance 
should appear near 739 then 751and the 763 to 767 region. 

Support
should appear near 735 and 723.. Below that buyers should appear near 712 to 704 

Trade Accordingly

March Cocoa 
Resistance is at 1334 to 1346 .Beyond that a test of 1377 to 1383 is likely 
Support should appear near 1310 to 1304 then  1274 to 1268..BW  Traders can buy at 1276 and risk a close under 1232 for three days in a row..

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

Happy Trading !
Bill ! 

Monday December 17th 2001  
4:00 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.

-----------------------------------------------------------------------------------------
Premier Service
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 12-17-2001
Short 4 March SP500 1129.00
Long 20 March Soybeans Beans 437 1/2
Long 20 March Wheat 287 3/4 avg
Long 10 March Coffee 4820 avg

Index Program 
http://www.futurescom.com/index01.htm
Recommended Open Position as of 12-17-2001
NONE

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