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Morning
Comments ,December 20th 2001
Experienced
Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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"Among
the hazards of speculation the happening of the unexpected -I might even say the
unexpectable - ranks high. There are certain chances that the most prudent man
is justified in taking - chances that he must take if he wishes to be more than
a mercantile mollusk" --
Reminiscences of a Stock operator--
Morning
Comments
Wed December 19th, 2001
5:00 PM
Financial Markets
On the
Frenzied Forex Front
March Yen
Support should appear near
7836, a close under augurs for a test of the 7777 to 7763 region...
Resistance
should appear near 7864 and 7901 and the 7939 to 7954 region.
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 6113 and 6139.
Support should appear near 6068 and the
6035 to 6023 region.
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 6337 and 6305
Resistance
is at 6383 and the 6417 to 6430 region
March Aussie Dollar
Recommended open position long at 5139
Support should appear
near the 5067 to 5036 region.
Resistance should appear near 5097 and the 5127 to 5139.
Stay tuned for Forex Updates
The Sensational Bond and
Stock Markets
March
10 Year
T-Note
Resistance
should appear near 105-12 to 105-17 and
105-23
Support
is at 104-22 then 104-07 and 103-23..
Dow Jones Industrial Average
Resistance should appear
near the 10,104 to 10,136 and 10,185..
Support should appear near 10,037 to 10,004 and 9979..
March
SP500
Resistance is at
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 1150 then 1143 and the 1136 to
1133 region. .
Nasdaq Composite
Resistance is
at 1996 then 2015 and 2034 to 2042 region
Support is at 1982 and 1953 to 1946
March Mini- Nasdaq 100
Resistance is
at the 1642 to 1655 and 1672 then 1689 to 1696.
Support is at 1615 to 1609 and 1594,, below that a test of 1576 to 1569
is likely. .
Precious
Metals
February
Gold
Recommended open
position long 2 at 278.4
Support should
appear near 275.8 and 274.1.. Under that buyers should appear near 272.4 to 271.6..
Resistance
is
at 277.5 , a close over
is friendly and augurs for a test of 282.0 to 282.8
March
Copper
Support should appear near 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
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 .
Resistance
is at 437 to 438.5.
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 5640 and 5580
to 5555. Under that buyers should appear near 5505 to 5490.
Resistance
is at
5715 to 5730 and the 5855 to 5880 region Beyond that a test of 5945 to 5955
is likely.
Stay tuned for Updates.
February Heating Oil
Resistance
is a 5790 to 5805 and 6025 to 6035 .
Support
should appear
near 5655 to 5645 and 5575 to 5545
Trade Accordingly
The
Lively Livestock Markets
February
Live Cattle
Support
should appear near 6872 and the
6837 to 6812 region.
Resistance
is at 6907
to 6922 and 6992
to 7002..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 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 5287 and 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 4 at 7500
Support should
appear near 7427 to 7432, under that buyers should appear near 7257 to 7242
.
Resistance is
at 7487 to 7512 and the 7587 to 7612 region.
Stay
tuned for Livestock and Belly Updates and Flashes
March Soybeans
Resistance
is at 437 to 438 1/2 and 442 1/2 to 444 3/4
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 147.1 and 148.4 to
149.5
March Soybean Oil
Support
is near 1576 to 1569 and the 1535 to 1529
region.
Resistance
should appear near 1609 to 1615
region.. .
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
recommended open position long 293
Nearby Support
should appear near 290 1/2 then 288 1/4 to 287 1/2 and 282 3/4 to 282.. BW Traders can buy at 282 3/4 hold
for higher prices.. ..
Resistance
is at 293 3/4, beyond that a test
of 297 1/4 to 299 is likely..
The Satisfying Softs
March Cotton
Support
should appear near 3625 to 3610 and 3565 to
3555.
Resistance is at 3665 to 3685 and 3735 to 3745 then 3855 to 3865
March
Coffee
Recommended open position. long 4615
Support is
near 4650 to 4635 and 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 4695 to
4715 region, A close over is friendly and augurs for a test of 4775 to 4785
and the 4845 to 4855 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.
March
Cocoa
recommended open position long 1276
Resistance
is at 1289 then 1304 to 1310 and 1334 to 1346
Support
should appear near 1274 to 1268.and 1236 to
1232
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
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 25 March Yen 7832 avg
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 7475
Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 12-19-2001
NONE
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html