FuturesCom Investment Publications
Bi-Weekly Investment Outlook, Saturday March 24, 2001
Socio Economics, Stock Index Futures: Nasdaq - SP500 - Dow Jones Industrial Avg.
Bonds-Forex-Energy-Precious Metals-Livestock-Grain and Soft Commodity Future Markets
Bi-Weekly Investment Outlooks & Archives Morning Comments Special Reports Index Flashes
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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
Saturday, March 24, 2001
5:30 AM
Recommended Open Positions are at the end of the letter…Stay tuned for Flashes and Updates.
The Sensational Stock and Bond Markets
June SP500.. Is it Bloody Enough ?
Nearby Resistance is at 1164 to 1169 and 1180.80 Beyond that sellers should appear near the 1192 to 1203 region. A close over 1203 is friendly and augurs for an eventual test of the 1217.5 and the 1232 to 1238 region. Which we feel is more likely to occur in the near future than not… If it holds….Beyond that a trade towards 1268 to 1274 is likely..
Nearby Support should appear near 1150 and 1136 to 1130.. Under that support is at 1101 to 1096 and the 1082 region.. Below that buyers should appear near 1068 to 1058..Under that 1036 to 1032 should contain more carnage if it occurs…
Aggressive Traders can go long if a close over 1203 occurs..
Trade Accordingly and Stay Tuned for Updates
Dow Jones Industrial Avg.
Resistance should appear near 9526 to 9542 and 9625 to 9641.. However an extended trading period over 9641 does indicate a test of 9706 to 9737 and more likely the 9821 to 9837 region..Beyond that Sellers should appear near 9921 to 9937 and 10,021 to 10,037..
Support is at 9486 then 9445 to 9429 and the 9347 to 9317 region . ..Below that buyers should appear near 9235 and 9160 to 9140 and 9100.
June Bonds
Resistance should appear near 106-07, beyond that a test of 106-24 and the 107-04 region is likely. Above that resistance is at 107-17 and the 108-04 region.
Support is at 105-23 then 105-06 and 104-26. Under that 104-09 should contain a decline. Traders can buy at 104-09 and risk a close under 103-23 for three days in a row.
The Frenzied Forex Front
Support should appear near 8223 to 8195 and the 8134 to 8115 region. Under that buyers should step in near 8044 to 8029..
Nearby Resistance should appear near 8300 to 8314... A close over 8314 is friendly and augurs for a test of 8391 to 8406 .. Beyond that a trade towards the 8484 to 8499 region is likely ..Above that sellers should appear near 8560 to 8589 and the 8668 to 8683 region..
Traders can sell at 8667 for a quick turn lower .. Risk a close over 8777 for three days in a row..
Traders should go long if a close over 8314 occurs..
Nearby Support should appear near 8871 to 8856.. A Slip under augurs for a test of support at 8777 to 8762 and eventually 8683 to 8668. Traders can buy at 8683 for a bounce risk a close under 8622 for three days in a row.. Under that buyers should appear near the 8589 to 8560 region..
Nearby Resistance is at 8934 to 8964 and the 9040 to 9060 region…Aggressive traders can sell at 8948 for a quick turn lower .. risk a close over 8964 for three days in a row.. Beyond that sellers should appear near 9040 to 9060 and the 9100 region..Beyond that 9235 offers resistance..Traders can sell at 9235 and hold for lower prices…
Traders should go short if a close under 8856 occurs..
Trade Accordingly and stay tuned for Updates.
June Swiss Franc
Resistance should appear near the 5855 to 5880. Beyond that resistance is at 5912 and the 5945 to 5957 region. Above that sellers should appear near 6023 to 6035…Traders can sell at 6022 and risk a close over 6035 for three days in a row..
Support should appear near 5805 to 5792.. a close under 5792 is negative and augurs for a test of the 5729 to 5716 region where buyers should appear and contain a decline. Traders can buy at 5730 for a bounce risk a close under 5716 for three days in a row Below that 5653 to 5640 should hold for a bit..
Stay tuned for Flashes...
June British Pound
Support should appear near 1.4210 to 1.4150, which should contain a decline for a bit
Failure there augurs for and eventual test of 1.3990.. Traders can buy at 1.3992 and hold for higher prices.. Below that 1.3830 to 1.3770 should contain a decline..
Resistance is at 1.4372 and 1.4426, beyond that sellers should appear near 1.4550 to 1.4590. Traders can sell at 1.4550 and risk a close over 1.4590 for three days in a row..
Trade accordingly and stay tuned for flashes
June Canadian Dollar
Support should appear near the 6383 and the 6350 to 6337 region.. Under that support is at 6270 to 6257.
Resistance is at 6417 to 6430. Beyond that a test of 6482 to 6509 is likely .. Above that sellers should appear near 6577 to 6591.
Trade Accordingly and Stay tuned for FuturesCom's Forex Flashes
Precious Metals
April Gold
Support should appear near 261.2. Below that support is at 259.2 then 256.8 to 255.2.
Resistance is at 262.90 A close over 262.9 is friendly and augurs for a test of 266.3 to 267.2 and eventually 269, beyond that sellers should appear near 271.6 to 272.4
Aggressive Traders should go long if a close over 262.9 occurs..
May Copper
Support is at 7835 and 7780 to 7760 Traders can buy at 7780 and hold for higher prices..Risk a close under 7675 for three days in a row…Below that 7600 to 7580 offers support..
Resistance should appear near 7935 to 7960 , a close over 7960 is friendly and augurs for a test of 8030 to 8045 and eventually the 8115 to 8130 region. Beyond that a test of 8195 to 8225 and the 8300 to 8315 region is likely
Traders should go long if a close over 7960 occurs..
May Silver
Support should appear near 431.5 to 430 and 425 to 422.5. Under that 418 to 416 should
Contain a decline..
Resistance is at 437 to 438.5. A close over 438.5 is friendly and augurs for a test of 442 to 444.5 and beyond to 4450 to 451.5 Beyond that sellers should appear near 457 to 458..
Traders should go long if a close over 438.5 occurs.
Trade Accordingly and stay tuned for Flashes
The Exciting Energies
May Crude
Resistance is at 2758 to 2775 and 2820 to 2828.. Beyond that sellers should appear near 2874 to 2883..Above that resistance is at 2928 to 2937 and the 2974 to 2992 region. Traders can sell at 2974 and hold for lower prices..Risking a close over 3045 for three days in a row..Above that 3092 to 3102 offers resistance.
Support is at 2724 to 2716 and the 2672 to 2663 region Under that buyers should appear near 2620 to 2612 .. Traders can buy at 2622 for a bounce , risk a close under 2612 for three days in a row. Below that support is at 2568 to 2553 and the 2519 to 2512 region..Below that
2469 to 2461 should contain a decline..
Stay Tuned for Updates…
May Unleaded Gas
Support should appear near 9060 to 9040 then 8965 to 8935 and 8870 to 8855.. below that support is at 8780 to 8760.. A close under 8760 is negative and indicates a test of 8590 to 8560 and the 8500 to 8485 region is likely
Resistance is at 9140 to 9160 and 9235. Above that a test of 9315 to 9345 and the 9420 to 9445 region is likely.. A close over 9445 is friendly and augurs for a test of 9525 to 9545 and the 9650 region.
Traders should go short if a close under 9040 occurs.
May Heating Oil
Resistance is at 7240 to 7255 then 7325 to 7340 and the 7590 to 7600 region, above that sellers should appear near 76 75 to 7690 and 7760 to 7780. Traders can sell at 7755 and hold for lower prices, risk a close over 7865 for three days in a row
Support is near 7170 to 7140 , a close under 7140 is negative and augurs for a test of
7090 to 7075 and 7005 to 6990. Below that support is at 6835 to 6810. Under that a test of the 6755 to 6740 region is likely ..Below that support is at 6675 to 6655 and the 6590 to 6577 should hold.. Traders can buy at 6590 for a bounce , risk 125 pts.
Stay Tuned for Energy Updates
The Grand Grains
431.5 to 430 and 425 to 422.5. Under that 418 to 416 should contain a decline..
Resistance is at 437 to 438.5. A close over 438.5 is friendly and augurs for a test of 442 to 444.5 and beyond to 4450 to 451.5 Beyond that sellers should appear near 457 to 458..
Traders should go long if a close over 438.5 occurs.
May Soy Meal
Resistance should appear near 152.9 to 153.5 and the 156.9 to 157.6 region.
Support is at 149.6 to 148.4 and 145.9 to 145.3.
May Soybean Oil
Support is near 1535 to 1529 and should hold. Below that support is at 1496 to 1484.
Resistance should appear near 1569 to 1576 and 1609 to 1615 beyond that sellers should appear near 1642 to 1655.
May Corn
Resistance should appear near 208 to 208 1/2 then 212 3/4 to 213 1/2 and the 217 to 218 1/2 region.
Support should appear near 204 1/4 to 203 1/2 and 199 3/4 to 198 1/4 under that 195 3/4 to 194 3/4 should hold..
May Wheat
Support should appear near 261 1/2 and 2256 3/4 to 255 1/4. Below that buyers should appear near 252 to 251 1/4. Under that 247 to 246 1/4 should hold.
Resistance is at 266 1/4 to 267 1/4, a close over 267 1/4 is friendly a augurs for a test of the 271 3/4 to 272 1/2 region.. Beyond that sellers should appear near 275 1/2 to 277 3./4
Trade Accordingly and Stay Tuned for Updates in the Grain Markets
May Cotton
Nearby Support should appear near 4805 to 4790 and the 4720 to 4695 region..
Traders can buy at 4720 and risk a close under 4635 for three days in a row..
Below that support is at 4650 to 4635 and 4585 to 4570.
Resistance is at 4845 to 4855, a close over 4855 is friendly and augurs for a test of 4915 to 4925 and the 4970 to 4995 region..Beyond that a test of 5035 to 5065 is likely…. A close over 5065 is friendly and indicates a test of 5125 to 5140 and the 5200 to 5215 region..
Traders should go long if a close over 4855 occurs..
May Coffee
Support is near the 5965 to 5945 region. Under that Buyers should appear near 5880 to 5855 and the 5805 to 5790 region..
Nearby Resistance should appear near 6035 and 6100 to 6115..An extended trade over 6115 is friendly and augurs for a test of 6250 to 6270. Beyond that sellers should appear near 6335 to 6355 and the 6415 to 6430 region…
May Sugar
Resistance is at 847 to 852 and the 877 to 882 region . Beyond that sellers should appear near 907 to 912 and the 932 to 941 region. Above that resistance is at 968 to 972.
Support should appear near 823 to 814. Under that support should appear near 795 to 791. Traders can buy at 796 and hold for higher prices.. Below that 779 should hold…
May Cocoa
Support is at to 1032 Under that support is at 1005 to 1000 then 986 and the 972 to 968 region..Traders can buy at 986 and risk a close under 968 for three days in a row.
Resistance should appear near the 1058 to 1068 then 1096 to 1101.Traders can sell at 1096 and risk a close over 1101 for three days in a row. Beyond resistance is at 1130 to 1136 and the 1164 to 1169 region.
April Cattle
Support is near the 7687 to 7672 region. A Slip under augurs for a test of the 7602 to 7587.
Below that 7512 to 7487 should hold..
Nearby Resistance is at 7762 to 7777 then 7837 to 7862 and the 7937 to 7957 region.
Beyond that sellers should appear and cap a rally near 8027 to 8047.
Trade Accordingly..
Support is at 6512 to 6482. A close under 6482 is negative and augurs for a test of 6432 to 6417. Under that support is at 6357 to 6332 and the 6270 to 6257 region.
Nearby resistance is at 6577 to 6592.. Above that resistance should appear near 6657 to 6672 and the 6742 to 6757 region.. Beyond that Sellers should appear near 6812 to 6837 and the 6907 to 6922 region
Traders should go short if a close under 6482 occurs
June Hogs
Nearby Support is at 7072 . A slip under augurs for a test of 7002 to 6992 ..Under that support is at 6922 to 6907 and the 6837 to 6807 region. Below that Buyers should appear near 6757 to 6742 .A close under 6742 is negative and augurs for a test of 6672 to 6657 and the 6512 to 6487 region. Traders can buy at 6517 and hold for higher prices..
Nearby resistance is at the 7142 to 7172 region.. Beyond that sellers should appear near
7327 to 7342 and the 7412 to 7427 region…Above that a test of 7487 to 7512 and the 7587 to 7602 region is likely…
Support is at 9347 to 9317 . A close under 9317 and augurs for a test of 9157 to 9137 and the 9062 to 9037 region. Below that Buyers should appear near 8967 and the 8777 to 8762 region.. Traders can buy at 8777 and holds for higher prices..
Nearby resistance is at 9707 to 9737 and the 9827 to 9847 region.. Beyond resistance is near 9922 to 9937 and the 10022 to 10037 region..
Stay tuned for Livestock BW Update and Flashes
A ship in Harbor is Safe.. But that's not what ships are built for
Happy Trading !
Saturday March 24, 2001
11:45 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.
Copyright @ 2001 FuturesCom investment Publications All Rights Reserved
FuturesCom is Not Responsible for electronic or transmission errors.
Bi Weekly Investment Outlook(BW)
Performance Archives: http://www.futurescom.com/bwparc.htm
Recommended Open positions as of 3-23-001:
Long May Silver 449
Long June SP500 1169
Short April Hogs 6400
Long May Soybeans 458
Long June Canadian Dollar 6430
Long May Coffee 5965
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Morning Comments ( MC)
Archives : http://www.futurescom.com/mcper01.html
Recommended Open positions as of 3-23-2001:
Long 2 June SP500 at 1168.20 avg
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Premier Service Flashes
Archives: http://www.futurescom.com/premier.htm
Recommended Open Positions as of 3-23-2001
Long 10 May Beans 447 avg
Short 10 April Hogs 6412 avg
Long 10 May Silver 444.0 avg
Long 10 May Coffee 6310 avg
Long 10 May Copper 8120 avg
Long 4 June SP500 1186
Long 10 April Gold 265.5 avg
Long 5 June Yen 8211
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Index Program Archives: http://www.futurescom.com/indexfl.htm
Recommended Open positions as of 03-23-2001
Long 2 June SP500 1133