FuturesCom Investment Publications
Bi-Weekly Investment Outlook, Sunday June 17th, 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 Index Flashes Morning Comments Special Reports
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Many an Optimist has become Rich by Buying out a Pessimist”
--Robert G. Allen, Multiple Streams of Income
Sunday June 17, 2001
4:00 AM
The Sensational Stock and Bond Markets
Sept SP500
Nearby Resistance is at 1232 to 1238 and 1253. Beyond that an eventual trade towards the 1268 to1274 region is likely to occur. A close over 1274 is friendly and augurs for a test of 1289 and eventually the 1304 to 1310 region…
Nearby Support should appear near 1217.50 and 1203 to 1192, a close under 1192 is negative and augurs for a test of the 1169 t o 1164.. Traders can buy at 1166.50 and risk a close under 1149..
Traders should go long if a close over 1238 occurs..
Trade Accordingly and Stay Tuned for Updates
Dow Jones Industrial Avg.
Nearby Resistance should appear near 10,630 and 10,680.. a close over 10,680 is friendly and augurs for a an eventual test of 10,820… An extended trade over indicates a trade towards the 10,960 to 11,010 region is more likely to occur than not…..
Support is at 10,580.. Below that 10,470 offers support.. Under that buyers should appear near the 10,360 to 10,320 region and contain a decline..
Sept Bonds
Resistance should appear near 101-07 and 101-23 to 101-26 region. Above that resistance is at 102-17 and the 103-07 region.
Support is at 100-07 under that buyers should appear near 99-22 then 99-07 and the 98-22 to 98-17 region. Below that buyers should appear near 97-21 to 97-17
The Frenzied Forex Front
Support should appear near 8194 and 8164. Below that buyers should appear near the
8134 to 8119 region. Under that support is at the 8044 to 8029 region, which should contain a decline.. Traders can buy at 8044 for a bounce . risk a close under 8029..
Nearby Resistance should appear near 8207 to 8223. A close over 8223 is friendly and augurs for a test 8300 to 8314 Which should cap a rally for a bit.. Beyond that sellers should appear near 8351..and the 8391 to 8406 region.
Stay Tuned for Updates…
Nearby Support should appear near 8589 to 8560 .. A close under 8560 augurs for a test of 8499 to 8884 Under that Support is at 8445 and the 8406 to 8392 region ..Below that a test of 8314 to 8300 and the 8223 to 8194 region is likely.. Traders can buy at 8223 and hold for higher prices.. Risk a close under 8194 for three days in a row.
.
Nearby Resistance is at the 8665 to 8685 region.. Beyond that sellers should appear near 8722 and the 8762 to 8777 region.. Beyond that 8854 to 8871 should cap a rally.
Aggressive Traders should go short if a close under 8560 occurs .
Trade Accordingly and stay tuned for Updates.
Sept Swiss Franc
Resistance should appear near 5640 to 5653 and 5716 to 5729, Beyond that resistance is at 5760 and the 5792 to 5805 region . Traders can sell at 5716 and risk a close over 5805 for three days in a row. ..Above that resistance is at the 5855 to 5880 region.
Support should appear near 5608 , a slip under augurs for a test of 5577 to 5553 and the 5504 to 5492 region where buyers should appear… A close under 5492 is negative and augurs for a test of the 5430 to 5418 region .Which should contain decline for a bit.. Traders can buy at 5431 and risk a close under 5418 for three days in a row.
Traders should go short if a close under 5608 occurs..
Stay tuned for Flashes and Updates .
Sept British Pound
Support should appear near 1.3990 .. A slip under augurs for a test of 1.3830 to 1.3770
Under that 1.3610 should contain a decline..
Resistance is at 1.4150 to 1.4210, beyond that sellers should appear near 1.4336 and 1.4372. Beyond that sellers should appear near 1.4530 to 1.4590.
Trade accordingly and stay tuned for flashes
Sept Canadian Dollar
Support should appear near 6543 and the 6509 to 6483 region.. Traders can buy at 6509 and risk a close under 6483 for three days in a row.. Under that support should appear near 6456 and the 6430 to 6417 region. Under that 6350 to 6337 should hold…
Nearby Resistance is at 6577 to 6591 and eventually the 6659 to 6672 region..Beyond that sellers should appear near 6741 to 6755. Traders can sell at 6740 for a turn lower and risk a close over 6755 for three days in a row
Trade Accordingly and Stay tuned for FuturesCom's Forex Flashes
Precious Metals
August Gold
Nearby Support should appear near 271.6 then 269.4 under that buyers should appear near 267.2 to 266.3 and the 262 to 261.2 region ..
Resistance is at 272.4 , however a close over 272.4 is friendly and augurs for a test of 275.8 to 277.4 and the 282 to 282.9 region. Beyond that sellers should appear near 287.4 to 288.
Trade Accordingly
Sept Copper
Support is 7255 to 7240 then 7170 to 7145 and the 7090 to 7075 .. Below that buyers should appear near 7005 to 6990..
Resistance should appear near 7325 to 7345 and 7415 to 7430.. A close over 7430 is friendly and indicates a test of 7485 to 7515 and 7585 to 7605.. Beyond that a trade towards
7760 to 7770 is likely.
Traders should go long if a close over 7430 occurs.
Sept Silver
Support should appear near 442.5 then 438 to 437 and 431.5 to 430.5 , under that 425 to 423.5 should hold.
Resistance is at 445.. A close over 445 is friendly and augurs for a test of 450.5 to 451.5 and eventually the 463.5 to 465 region.. Above that a test of 469.5 to 471.5 is likely..
Traders should go long if a close over 445 occurs
Trade Accordingly and stay tuned for Flashes
The Exciting Energies
Aug Crude
Nearby Resistance is at 2874 to 2883. Beyond that sellers should appear near 2928 to 2937 and cap a rally.. Traders can sell at 2874 and hold for lower prices.. Risk a close over 2956 for three days in a row. Beyond that Resistance is at 2972 to 2990 and 3036 to 3045 then 3092 to 3102..
Support is at 2829 to 2820 an extended trade of close under 2820 is negative and augurs for a test of 2775 to 2758 and eventually the 2724 to 2716 region under that buyers should appear near 2672 to 2663.. Under that 2620 to 2612. should contain a decline.. Traders can buy at 2612 and hold for higher prices.. Risk a close under 252 for three days in a row..
Aggressive traders can go short if a close under 2820 occurs..Stay Tuned for Updates
Aug Unleaded Gas
Support should appear near 8590 to 8560, under that buyers should appear near 8590 to 8560.. a slip under indicates a test of 8405 to 8390 region.. Under that support is at 8225 to 8195.
Resistance is at 8665 to 8685 and the 8760 to 8775 region Beyond that resistance should appear near 9040 to 9060 and the 9140 to 9155 region . Traders can sell at 9140 and hold for lower prices.. Risk a close over 9235 for three days in a row..
Aggressive Traders should go short if a close under 8590 occurs..
Stay tuned for Updates ..
Aug Heating Oil
Resistance is at 8115 to 8130 and the 8190 to 8225 region.. Traders can sell at 8190 and risk a close over 8315 for three days in a row. Beyond that sellers should appear near 8390 to 8405 and the 8480 to 8500 region
Support is near 8045 to 8025, a close under is negative and augurs for a test of 7865 to 7835 and the 7780 to 7760 region. Below that a test of 7690 to 7675 is likely . Traders can buy at 7695 and hold for higher prices.. Risk a close under 7480 for three days in row.
Stay Tuned for Energy Updates
The Grand Grains
Resistance is at the 457 1/4 to 458 1/2 region. Beyond that a test of 463 1/2 to 465 and eventually 469 to 471 1/2 is likely .. A close over 470 1/2 is friendly and indicates a test of 477 1/2 to 478 1/2 and the 484 1/2 to 485 3/4 region…
Support is at 451 1/2 to 450 1/2, under that buyers should appear near 444 3/4 to 442 1/2 then 438 1/2 to 437.. Traders can buy at 442 3/4 and risk a close under 437 for three days in a row . Below that support is at 431 1/2 to 430 1/2 and the 425 to 423 1/2 region..
Traders should go long if a close over 458 1/2 occurs..
Aug Soy Meal
Resistance should appear near 164.2 to 165.5 .. A close over 165.5 is friendly and augurs for a test of 168.9 to 169.6 and the 173.1 to 173.8 region.
Traders should go long if a close over 165.5 occurs
Support is at 161.5 to 160.9 .and the 157.6 to 156.9 region. Traders can buy at 159.4 and risk a close under 156.9 for three days in row . Under that support is at 153.5 to 152.9 and the 149.6 to 148.4
Aug Soybean Oil
Support is near 1484 and the 1459 to 1453 region. Under that support should appear near
Near 1421 to 1415 and contain a decline…
Resistance should appear near 1496 and 1529 to 1535 and the 1569 to 1576 region. Beyond that sellers should appear near 1609 to 1615.
Sept Corn
Resistance should appear near 199 3/4 and 203 1/2 to 204 1/4 , a close over 204 1/2 augurs for a test of 208 to 208 3/4 then 212 3/4 to 213 1/2 and eventually the 217 to 218 1/2 region.
Support should appear near 195 3/4 to 194 3/4 and 191 to 190 3/4.. Under that buyers should appear near 182 1/2 to 180 3/4 /4 and should contain a decline...
Traders should go long if a close over 199 3/4 occurs.
Sept Wheat
Support should appear near. 266 1/2 and 262 to 261 1/2..Below that buyers should appear near 256 3/4 to 255 1/4.. Traders can buy at 262 3/4 and risk a close under 255 1/4 for three days in a row.
Resistance is at 267 1/2 then 271 3/4 to 272 1/2. A close over is friendly and augurs for a test of 282 to 282 3/4 and beyond..
Traders should go long if a close over 267 1/2 occurs.
Trade Accordingly and Stay Tuned for Updates in the Grain Markets
Dec Cotton
Nearby Support should appear near the 4250 to 4235 then 4185 to 4165 and the 4120 to 4110 region. Traders can buy at 4125 for a bounce , risk a close under 4045 for three days in a row
Nearby Resistance is at 4425 to 4445, an extended trade over indicate a test of 4505 to 4515 then 4635 to 4650 and the 4695 to 4715 region A close over 4715 is friendly and augurs for a test of 4915 to 4920.
Traders should go long if a close over 4715 occurs.
Sept Coffee
Support is near 6115 to 6100 and the 6035 to 6020 region.. Below support should appear near 5955 to 5945 and the 5880 to 5855 region.. Under that buyers should appear near 5730 to 5715 and the 5655 to 5640 region. .
Nearby Resistance should appear near 6255 to 6270 and 6335 to 6350 a close over 6350 indicates a test of 6575 to 6590 . Above that resistance is near 6740 to 6755. Beyond that a trade towards the 6905 to 6920 region is likely..
Traders should go long if a close over 6350 occurs.
Oct Sugar
Resistance should appear near 877 to 882 a close over 882 is friendly and augurs for a test of 907 to 912 and the 932 to 941 region. Beyond that 968 to 972 should a cap a rally for a bit..
Support should appear near 864 and 852 to 847.. Traders can buy at 864 and risk a close under 847 for three days in a row.. Below that support is at 835 and the 823 to 814 region.. which should contain a decline for a bit.
Traders should go long if a close over 882 occurs
Sept Cocoa
Support is at 912 to 907, under that 882 to 877 should hold.. Traders can buy at 912 and risk a close under 877 for three days in a row. Under that support should appear near 852 to 847 and should contain a decline basis the close . Below that buyers should appear near 823 to 814 and 795 to 791.
Resistance should appear near 932 to 941, a close over 941 is friendly and augurs for a test of 968 to 972 and eventually the 1000 to 1005 region.. Above that sellers should appear near 1032 to 1036 and Cap a rally for a bit..
August Cattle
Support is near 7257 to 7242. Below that support is at 7172 to 7142 and the 7087 to 7072 region.
Resistance is at 7327 to 7342 , a close over 7342 is friendly and augurs for a test of 7487 to 7512 and the 7587 to 7602 region.
July Hogs
Support is at 6922 to 6907. Below that buyers should appear near 6837 to 6812 and the 6757 to 6742 region. Traders can buy at 6837 and risk a close under 6742 for three days in a row. Below that support is at 6672 to 6657 and the 6592 to 6577 region..
Resistance is at the 6987 to 7002 region ..A close over 7002 is friendly and augurs for a test of 7072 to 7087 and eventually the 7142 to 7172 region.. Beyond that sellers should appear near 7242 to 7257 and the 7327 to 7342 region…
Traders should go long if a close over 7002 occurs..
Trade Accordingly and stay tuned for updates
August Hogs
Support is at 6672 to 6657 and 6592 to 6572. Under that support is at 6512 to 6487. Below that Buyers should appear near 6432 to 6417 … Traders can buy at 6517 and risk a close under 6417 for three days in row. Under that 6357 to 6332 should hold.
Traders should go long if a close over 6757 occurs..
Trade Accordingly..
Support should appear near 8587 to 8557 then 8497 to 8482. Traders can buy at 8497 and hold for higher prices.. Under that buyers should appear near 8407 to 8392. Below that support should appear near 8357 then 8317 to 8292 and the 8227 to 8192 region.. Under that buyers should appear near 8132 to 8117 and the 8047 to 8022 region.
Resistance is at 8667 to 8682, beyond that a test of 8762 to 8772 is likely. .. A close over 8777 is friendly and augurs for a test of 8857 to 8872 and the 8932 to 8967 region.. Beyond that a trade towards 9137 to 9157 and the 9237 region is likely .
Traders should go long if a close over 8682 occurs.
Stay tuned for Livestock Updates and Flashes
A ship in Harbor is Safe.. But that's not what ships are built for
Happy Trading !
Sunday June 17th, 2001
11:30 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.
Premier Service Flashes
Archives: http://www.futurescom.com/premier.htm
Recommended Open Positions as of 6-15-2001
Long 5 Sept Dow 10740
Long 9 Sept SP500 1268.8 avg
Long 5 July Coffee 5980
Long 5 Sept Coffee 6125
Long 10 July Copper 7435 avg
Long 5 August Soybeans 464
Long 5 July Soymeal 167.9
Short 10 Sept EC 8465
Long 20 Sept Yen 8253 avg
Long 5 Aug Gold 272.3
Long 5 July Silver 441
Long 4 July Bellies 8545
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Index Program
Archives: http://www.futurescom.com/index01.htm
Recommended Open position as of 06-15-2001:
Long 2 Sept SP500 1268.60 avg
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Bi Weekly Investment Outlook(BW)
Archives: http://www.futurescom.com/bwparc.htm
Recommended Open positions as of 6-15-2001:
Long Sept Coffee 6115
Long Sept SP500 1284.2
Long July Silver 462
Long Aug Gold 274.5
Long 2 Sept Yen 8333 avg
Long 2 July Copper 7475 avg
Long August Cattle 7342
Long July Soybeans 471 1/2
Short Sept EC 8575
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Morning Comments ( MC) Day Trades
Archives : http://www.futurescom.com/mcper01.html
Recommended Open positions as of 6-15-2001: NONE
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