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Premier Service
FuturesCom
Investment Publications
Morning
Comments
November 6th, 2001
Experienced
Since 1979 - Serving Professional and Individual Traders World Wide since 1988
7690
Rockport Circle, Lake Worth, Florida 33467 Tel: 1-561-433-2995
http://www.futurescom.com
Courage in a Speculator is merely confidence to act on the decision of his
mind
Monday November
5th, 2001
4:15 PM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Recommended open position long at 8225
Support should appear near the 8223 to 8195 region.Below
that support should appear near 8135 to 8119
Resistance
should appear near 8263, a close over is friendly and augurs for a test
of 8300 to 8314 and 8351
BW Traders should go long if a close over 8263 occurs
December
Euro FX
Recommended open position long at 9000
Support
should appear near the 8964 to 8934
region... Below that support should appear near 8871 to 8856 and the 8777
to 8762 region....
Resistance
is
at 9001 and 9044 to 9060.
Aggressive BW traders should go long if a close over 9044 occurs.
December
Swiss Franc
6165 to 6177
Support should appear near 6101
then 6068 and 6035
to 6023
BW Traders should go long if a close over 6139 occurs
December
British Pound
Recommended
open position Long 1.4716
Support
should appear near 1.4530
then 1.4486 and 1.4362..
Resistance is at 1.4590 and
1.4662...
December
Canadian Dollar
Recommended open position long at 6360
Support
should appear at 6270 to 6256.below that buyers should appear near the
6225 to 6190 region.
Resistance
is at 6337 to 6350.
December Australian Dollar
Recommended open position long 5052
Support is
at 5067 to 5036 and the 4995 to 4973 region
Resistance should appear near 5127 to 5139.
BW Traders should go long if a close over 5139 occurs
The Sensational Bond and
Stock Markets
10 Year
December
T-Note
Resistance
should appear near 111-17 then 112-04 .
Support
is at 111-02 then 110-22 and 110-12
Dow Jones Industrial Average
Resistance should appear
near 9526 to 9542 and should Cap a rally for a bit.
Beyond that resistance is at 9625 to 9645....
Support is
at 9429 and 9389.. under that support should appear near 9347 to 9316
December
SP500
Recommended Position
Short 2 1075.8 avg
Resistance is at 1115.5. Above that a test of 1130 to
1136 is likely..Beyond that 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..
Support should appear near
1101 to 1098.5 and 1096.
Stay Tuned for BW Updates ....
Nasdaq Composite
Resistance is
at 1800
to 1822 and the 1858 to 1865 region.
Support is at 1780 to 1774.
December Mini- Nasdaq 100
Resistance is
at the 1529 to 1535 region..Above that resistance
should appear near 1569 to 1576
and the 1609 to 1615 region.
Support is at 1496 to 1484 and 1459 to 1453 and 1421 to 1415.
Precious
Metals
December
Gold
Recommended Open Position : Long 2
288.9 avg
Support should
appear near the 277.5 to 275.8 region..Under that buyers should appear near
272.5 to 271.6..
Resistance
is
at 282 to 282.8,
December
Copper
Support should appear near 6115
to 6105 and 6035 to 6025 which should contain
the decline for a bit.. Under that a test of 5880 to 5850 is likely..BW Traders can buy at 5885 and hold for higher prices...
Resistance
should appear near 6255 to 6270 and 6335
to 6355.
December
Silver
Recommended Position Long
2 at 434.7
Support should appear near 399.5 to 398 and 387.5 to 385.
Resistance
is at 411 to 412
The
Exciting Energies
December
Crude Oil
Resistance
is at
2034 to 2042.
Support
is at 1953 to 1946, BW traders can buy at 1946 and hold for higher
prices, risk a Close under 1858
for three days in a row.
BW Traders should go long if a close over 2042 occurs..
December Unleaded Gas
Recommended
Open Position Long 5360
Support should appear near 5355 to 5340..
Below that buyers should appear near 5210 to 5200
and the 5140 to 5125
region .
Resistance
is at the 5490 to 5505.
Stay tuned for Updates..
December
Heating Oil
Recommended
position long at 6190
Resistance
is at 5790 to 5805 and 5855 to 5880.
Support
should appear
near 5730 to 5715... Below that buyers should appear near
5655 to 5640 and the 5580 to 5550 region.
Trade Accordingly
The
Lively Livestock Markets
December
Cattle
Support should appear near 6592 to 6577
Resistance
is at 6657
to 6672.
December
Hogs
BW Traders can buy at 5142 and risk a close under 5032 for three days in a row.
Resistance
is at 5347 to 5357 and the 5417 to
5432 region.
February Hogs
Support
is at 5427 to 5417 and 5357 to 5347
Resistance
is at 5492 to 5507 and the 5552 to
5577 region..
February Pork Bellies
Support
should
appear near 7342 to 7327 then 7257 to 7242 and the 7172 to 7142 region...
BW Traders can buy at Under that buyers should appear near
the 7172 and hold for higher prices.. .
Resistance
is
at 7417 to 7427.. A close over 7427 is friendly and augurs for a test of 7487 to
7512.. that resistance should appear near 7587 to 7602
Stay
tuned for Livestock Updates and Flashes
The
‘Grand’ Grain
Markets
January
Soybeans
Recommended
Position Long 440
Resistance
is at 443 to 444 1/2 and the 450 to 451
1/2 region
Support
should appear near 438 1/4 to 437 and 431 1/2 to 430
1/2..
BW Traders go long if a close over 444 3/4 occurs..
December
Soybean Meal
Recommended Position Long
166.5
Resistance
should appear near the 164.2
to 165.5
Support
is at 162.8 .. Below that
support should appear near 161.5 to 160.9..BW Traders can buy at 161.5 and
hold for higher prices..
December
Soybean Oil
Support
is near 1576 to 1569
Resistance
should appear near 1615 and
the 1642 to 1655 region, a close over is friendly and augurs for a test of 1689
to 1696
December
Corn
Resistance should appear near 203 1/2
to 204 1/4 .
Support should appear near
the 199 3/4 to 198 1/2
December
Wheat
Recommended open position Long at 282 3/4
Support
should appear near 282 3/4 to 282 and 277 3/4 to 275 1/.2.
Resistance
is at 287 1/2 to 288 1/4.
Aggressive BW Traders should go long if a close over 288 1/4 occurs..
Stay Tune for Updates and Flashes..
The Satisfying Softs
December
Cotton
Resistance is at 3145 to 3155 and 3195 to 3225
Dec
Coffee
Resistance
should appear near 4695 to 4715 then 4775
to 4785 and the
4845 to 4855 region..
March
Sugar
Resistance
should appear near 686. Beyond
that sellers should appear near 704 to 712 and should cap a rally.
Support
should appear
near 672 then 661 to 656
December
Cocoa
Support is at 972 to 968
Resistance
should appear near 1000 to 1005
--A
ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Monday
November 5th, 2001
5:35 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 11-5-2001
Long 5 Dec Yen 8289
Long 5 Dec Swiss Franc 6139
Short 5 Dec SP500 1095
Long 10 Dec Gold 282
Long 10 Dec Hogs 5392
Long 10 Dec Wheat 285 3/4 avg
Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 11-5-2001
Short 2 Dec SP500 1063.30
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html