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FuturesCom Investment Publications
Morning Comments ,December 19th 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


Morning Comments
Tuesday December 18th, 2001

3:00 PM


                                                          Financial Markets 

On the Frenzied Forex Front

March  Yen 
Support should appear near 7851 to 7836, a close under augurs for a test of  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 
Recommended position long at 8965
Support is at  8964 to 8934 and 8901
Resistance is at 9004 and the  9044 to 9060 region..  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 
Recommended open  position long at 6113
Resistance should appear near 6139 and the 6165 to 6190 region.    
Support should appear near 6113 to 6101 then 6068 and the 6035 to 6023 region.  

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



March  British Pound
Support
should appear near 1.4436 and 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
Recommended open position long at 6357
Support should appear at 6350 to 6337 and 6305
Resistance is at 6383 and the 6417 to 6430 region

March Aussie Dollar 
Recommended open position long at 5139
Support
is at 5097 and the  5067 to 5036 region.
Resistance
should appear near 5127 to 5139.

                                                                  Stay tuned for Forex Updates



                                      
The Sensational Bond and Stock Markets

March 10 Year  T-Note
Resistance
should appear near 104-23, an extended trade over is friendly and augurs for a test of 105-12 to 105-17..
Support is at 104-07 and 103-23 then 103-07...

Dow Jones Industrial Average
Resistance
should appear near the 10,0021 to 10,037 region. Beyond that sellers should appear near 
10,104 to 10,136  
Support should appear near  9979 and the 9937 to 9921 region. 

March SP500
Resistance is at 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 1143 and the 1136 to 1133 region. . 


Nasdaq Composite

Resistance
is at 2015 and 2034 to 2042 region  
Support is at 1996 to 1982 and 1953 to 1946

March Mini- Nasdaq 100
Resistance
is at the 1672 and the 1689 to 1696 region. 
Support is at 1655 to 1642 and 1615 to 1609.


                                                              Precious Metals
February Gold
Recommended
open position long 280.9 
Support  should appear near 279.7 and the 277.5 to 275.8 region. 
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 , a close over 282.8 is friendly and augurs for a test of 287.4 to 288.3 
  

March Copper
Support should appear near 6835 to 6810 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 6910 to 6925 and the 6990 to 7005 region.. 

March Silver
Recommended open position long at 442.0
Support should appear near 438.5  to 437 and  431.5  to 430.5.

Resistance
is at 444.5 and the 450 to 451.5 region. 

Stay tuned for Updates.. 
 


                                    The Exciting Energies  

February Crude Oil 
Support should appear near 1953 to 1946 and 1909 to 1902 
Resistance
is at 1982 to 1996 and 2034 to 2042


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  5575..  Beyond that resistance should appear near the 5715 to 5730.Above that a test of 5790 to 5805 is likely. .

Support should appear near 5505 to 5490 and 5430 to 5415, below that buyers should appear near 5355 to 5345 

Trade Accordingly 

The Lively Livestock Markets  


February Live Cattle 
Support should appear near  6922 to 6907 and 6872. 
Resistance is at 6992 to 7002 and the 7072 to 7087 region..  
BW Traders can sell at 6987 for a turn lower and risk a close over 7092 for three days in a row. 

Trade Accordingly and stay tuned for Updates.. 

February Lean Hogs 
Support
is at  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 5342 to 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 2 at 7520

Support
should appear near  7512 to 7487 and the 7427 to 7432 region.. 

Resistance
is at  7587 to 7612 and 7672 to 7687   
   
                                               Stay tuned for Livestock and Belly Updates and Flashes

March Soybeans 

Resistance
is at 437 to 438 1/2 
Support should appear near 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.. 

March Soybean Meal 
Support
should appear near the 145.3 and the 142.1 to 141.5 region.
Resistance
is at 145.9 and 147.1  

March Soybean Oil 
Support is near 1569 and the 1535 to 1529 region. 
Resistance
should appear near the 1591 and 1609 to 1615  ..

Trade Accordingly..

March Corn 
Recommended open position , long 213 3/4
Resistance should appear near 215 1/4 and 217 to 218 1/2.
Support should appear near emerge near 213 1/2 to 212 3/4 and 210 3/4 then 208 3/4 to 208.. 

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 4635 to 4650 and the 4695 to 4715 region,

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

March Sugar
Resistance 
should appear near  708 to 712 and 723 

Support
should appear near the 686 to 682 region.  

Trade Accordingly

March Cocoa 
Resistance is at 1304 to 1310 and 1334 to 1346  
Support should appear near 1289 and  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 ! 

Tuesday December 18th 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 12-18-2001
Short 15 March Yen 7828
Long 15 March  Swiss 6111
Long 10 March EC 8974
Short 4 March SP500 1129.00
Long 5 Feb Gold 279.8
Long 5 March Silver` 439.0
Long 20 March Soybeans Beans 437 1/2
Long 10 March Bean Oil 1580
Long 20 March Wheat 287 3/4 avg
Long 10 March Coffee 4820 avg
Long 5 Feb Bellies 7500


Index Program 
http://www.futurescom.com/index01.htm
Recommended Open Position as of 12-18-2001
NONE

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