FuturesCom Investment Publications
Bi-Weekly Investment Outlook  (BW)   Sunday Aug 15, 1999
Bonds.. SP500.. Forex.. Precious Metals.. Energies..Grains.. Livestock.. Softs
Featuring Bi-Weekly Outlooks,  Morning Comments,  Investment Books and More
Subscription Prices                                          Premier Service
Experienced Since 1979 & Serving Traders World Wide Since 1988
Voice 561-433-2995 Fax 561-433-9243   
5845 Autumn Ridge Rd  Lake Worth Florida 33463


"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.

Sunday, August 15, 1999
4:52:39 AM

On the Frenzied Forex Front

Sept. Japanese-Yen

Nearby Support is at 8663 and 8640. A close under 8663 is negative and augurs for a test of 8589 to 8560 under that support is at 8499 to 8484 and 8406 to 8391 and the 8314 to 8300 region ..traders can buy at 8307 and hold for higher prices...

Nearby Resistance is at 8723. Traders can sell at 8723, and hold for lower prices.. Beyond that resistance is at 8777 to 8764 which should cap the rally for a bit

Above that sellers should appear near 8856 to 8871 A close over 8871 is friendly and augurs for a test of 8934 to 8964..... and eventually 9045 to 9060..

Traders should go long if a close over 8871 occurs .

Sept. D-Mark

Nearby Support should appear at 5387 and 5356 to 5344 a close under 5344 augurs for a test of the 5282 to 5256 region and 5211 to 5200..

Resistance is at 5418 and 5430 then 5492 to 5504 Beyond that sellers should appear near 5553 and 5577 and the 5640 to 56523 region

Trade accordingly

Sept. Swiss

Nearby Support is at 6591 to 6577 offers support... If it fails there a test of 6543 and the 6509 to 6482 region is likely... Below that 6430 to 6417 should hold .. traders can buy at 6430 for a bounce , risk a close under 6417 for two days in a row.

Nearby Resistance is at 6624 to 6635 and 6659 to 6673, Traders can sell at 6659 risk a close over 6673 for three days in a row. Beyond that sellers should appear near 6741 to 6755 and cap a rally... Above that resistance is at 6809 to 6836..

Sept. British Pound

Support should appear near 1.6005 Below that 1.5836 should contain a decline.

Traders can buy at 1.5938 and risk a close under 1.5886 for two days in a row.

Under that 1.5760 to 1.5690 should contain a decline.. Aggressive traders can buy at 1.5760 and hold. ..

Resistance is at 1.6090 a close over 1.6090 is friendly and augurs for a test of 1..6150 and 1.6226 Beyond that is at resistance 1.6286 beyond that a test of the 1.6420 to 1.6550. region is likely .. Where sellers should appear and cap a rally for a bit.

Traders should go long if a close over 1.6090 occurs... .

Sept. Canadian Dollar

Support should appear at 6759 to 6755 . Traders can buy at 6762 for a turn higher, risk a close under 6741 for three days in a row. Below that 6707 should contain a decline A close under 6707 augurs for a test of 6673 to 6659.. Aggressive traders can buy a dip to 6673 and risk close under 6659 for three days in a row.

.

Resistance is at 6809 a close over augurs for a test of 6836 eventually 6871. Beyond that a test of the 6906 to 6919 region is likely .. A close over 6919 is friendly and

Indicates a test of 6990 to 7003 and 7074 to 7088 which should probably be sold but we will leave that for the Dec. Contracts and our next Bi-Weekly..

Traders should go long if a close over 6809 occurs..

Stay tuned for FuturesCom's Forex flashes

 

Precious Metals

Dec. Gold

Nearby Support is at 263 and 262 to 261.20 Traders can buy at 261.2 and hold for higher prices. Below that support is at 259 and 2556.80 to 255.2 which should hold..

Resistance is at 264.10 and 267.20 beyond that sellers should appear near 268.50 to 269 and 272.40 beyond that sellers should appear near 275.80 to 277.50 and cap a rally..

note We exited our long Gold from 256.80 a 263.10 on Thursday and re-entered on the close that day.. per our last Bi-Weekly we apologize for not listing the trade on Friday morn.

Traders should go long / add if a close over 267.20 occurs we see a test of 271.60 to 272.40

Be long.. and Buy Dips

Dec. Copper

Nearby Support is at 7845 to 7835 then 7780 and 7760 aggressive traders can buy at 7780 , risk a close under 7675 Under that support should appear near 7605 to 7590 Below that support is at 7510 to 7490. Traders should guy at 7515 and hold risk a close under 7485 for three days in a row.. Below that support is at 7415 and 7335 ...

Aggressive traders can buy at 7345 , risk a close under 7250 for two days in a row..

Stay tuned..

Nearby Resistance is at 7890 and 7940 to 7955 and 7980 .. Above that resistance should appear near the 8030 to 8045 region and 8090 then 8120 and the 8170 to 8220 region.. Above that a test of 8300 to 8315 is likely..

Traders should go long if a close over 7955 occurs.

.

Copper should be a trading affair in the near /futures so Trade Accordingly and stay tuned...

Oct. Platinum

Support is at 344.3 and 339.6, traders can buy at 345.9 risk a close under 344.3 for two days in a row. Under that support is at 337..

Resistance is at 349.80 and 350.30 beyond that a test of 355.5 and the 359 region is likely Above that resistance should appear near the 362.3 region A close over 362.30 is friendly ..and augurs for a test of 366.30 to 368.20

Traders should go long if a close over 362.30 occurs..

Dec. Silver

On the DownSide nearby support is at 531 and 527.5 to 525.5 . Traders can buy at 525 for a turn higher risk a close under 520 for two days in a row . Below that .support is at 507 to 505. Traders can buy at 505 for a bounce. Risk a close under 491 for two days in a row.

On the Upside. Nearby resistance is at 541.5 to 543 Beyond that resistance is at 546 A close over 546 is friendly and augurs for a test of 557 and eventually 565

Traders should go long if a close over 543 occurs .

Trade Accordingly and Stay tuned for Flashes...

The Exciting Energies

Oct. Crude

Nearby Support is at 2171 and 2145. Below that support is at 2134 to 2126 and the 2088 to 2080 region. Traders can buy at 2088 and risk a close under 2080 for three days in a row , below that support is at 2049 and the 2042 to 2034 region.. Below that support is at 1996 to 1982 and the 1953 to 1946 region which should contain a decline for a bit . Traders can buy at 1953 and risk a close under 1946 for three days in a row.

Trade accordingly

Resistance is at 2185 . Beyond that a test of 2219 to 2226 and the 2267 to 2275

region is likely. Traders can sell at 2267 for a turn lower , risk a close over 2275 for two days in a row. Above that 2315 to 2322 offers resistance.

Oct. Unleaded Gas

Nearby Support is at 6195 and 6137 Below that support is at 5957 to 5945 and the 5880 to 5855 region. If 5855 fails a test of 5745 and 5729 to 5716 is likely..Below that support is at 5577 to 5555 and the 5356 to 5344 region where it should hold Traders can buy at 5356 and hold for higher prices...

Resistance should appear at 6270 and 6337 to 6350 and the 6413 to 6430 region

Beyond that resistance is at 6480 to 6509 and 6577 to 6591 Which should cap a rally ...

Traders can sell at 6577 and risk a close over 6591 for two days in a row

Oct. Heating Oil

Nearby Support is at 5643 and 5617 a close under 5617 augurs for a test of 5504 and the 5430 to 5418 region. Traders can buy at 5430 , risk a close under 5418. Below that support is at 5282 to 5259 and the 5211 to 5200 region. Aggressive traders can buy at 5211 and hold for higher prices.. Below that 5159 to 5127 should hold..

Resistance is at 5659 and 5682 , above that sellers should appear near 5716 to 5729 and 5792 / 5805 and the 5830 to 5855 region. Traders can sell at 5830 , risk a close over 5880 for two days in a row.. Beyond that sellers should appear near the 6023 to 6035 region aggressive traders can sell at 6023 and hold for lower prices...

Trade Accordingly.

The Grand Grains

November Beans

Nearby Resistance is at 458 3/4 to 459. A close over 459 is friendly and indicates a test of 465.. Beyond that a test of 479 and 484 1/2 to 487 is likely where sellers may appear. However a close 485 3/4 is friendly and augurs for a test of 495 and eventually 508 3/4 then 512 1/2 to 514.. Beyond that resistance is at 521 1/2 and 536 to 542.

Support is at 451 to 449 and 438 1/2 to 437 traders can buy at 438 1/2 and hold for higher prices risk a close under 423 1/2 for three days in a row. Under that support is at 412 and 399 1/2

Traders should go long if a close over 459 occurs...

Dec. Soybean Meal

Resistance is at 140.5 and 144 to 145.9. A close over 145.9 is friendly and augurs for a test of 156.

Support is near 138.2 to 137.7 and 134.6 to 133.4 region. Below that 131.8 to 130.4 should stop the decline for a bit..Traders can buy at 130.4 and risk a close under 126.4 for three days in a row.

Dec. SoyBean Oil

Resistance is at 1655. A close over is friendly and indicates a test of 1689 to 1696. Beyond that resistance is at 1731 to 1734 . A close over 1734 is friendly and augurs for a test of 1774 to 1780 then 1808 to 1822 region and eventually the 1858 to 1869 region

Beyond that sellers should appear near 1902 to 1909 then 1946 to 1953.. Eventually we see test of 1982 to 1996 down the road if it can hold and rally into Sept. early Oct..

Which would be a likely be the result of early frost fears.....Expect the Unexpected

Traders should go long if a close over 1655 occurs.

Support is at 1642 and 1628 below that support is at 1615 to 1609 and 1576 to 1569

Which should contain the decline for the time being. Traders can buy at 1576 and hold for higher prices, risk as close under 1568 for two days in a row. Below that support is at 141496 to 1483 and the 1459 to 1453 region. Traders can buy at 1460 and hold for the Pull....

Trade Accordingly and Stay tuned

Dec. Corn

Resistance is at 223 Beyond that resistance is at 228 and 232. Above that sellers should appear near 236 and 239 then 243

Support is at 217 1/2 to 216 . Below that support is at 213 , traders can buy at 213 and risk a close under 207 1/2 for three days in a row, under that support is at 205 3/4.

Below that Buyers should appear near 199 3/4 and 191 . .

Dec. Wheat

Resistance is at 287 3/4 to 289 1/2 and 293.. A close over 293 3/4 is friendly and augurs for a test of 298 to 301 and eventually 305 where resistance should appear. Beyond that resistance is at 309 and 318..

Traders should go long if a close over 288 3/4 occurs..

Support is at 283 1/2 and 278 to 275 1/2 under that support is at 271 1/2. Below that support is at 268.. Traders can go long at 268 1/2 and hold for higher prices. Below that support is at 261 1/2 and 251..

The Satisfying Softs

Dec. Cotton

On the DownSide support is at 5356 to 5344 and 5296. Below that buyers should appear near 5282 to 5259 and the 5211 to 5200 region. Under that 5159 to 5127 should hold.. Aggressive traders can buy at 5127 and hold..

 

On the Upside Nearby Resistance is at 5396 and 5418 to 5430, a close over 5430 is friendly and augurs for a test of 5492 to 5504. Beyond that resistance is at 5553 to 5577 and 5640 to 5653 a close over 5653 is friendly and augurs for a test of 5729 and 5792 to 5805..

Traders should go long if a close over 5430 occurs..

Oct. Sugar

Nearby Support is at 586 to 583. Traders can buy at 583 and risk a close under 568 for three days in a row. Below that support is at 559 to 552 and 538 to 534 Under that 515 to 507 should hold. ..

Resistance should appear at 609, a close over 609 is friendly and augurs for a test of 623 and the 630 to 634 region. A close over 634 is friendly and augurs for a test of

656 to 661 and eventually 680.

Traders should go long if a close over 609 occurs..

Dec. 'The Monster' Coffee

On the Upside, Resistance is at 100.,50, a close over is friendly and augurs for a test of the 101.60 and the 103.20 to 103.60 / 104.10 region. .Beyond that resistance is at 104.75 and 105.80 to 106.80 . Above that resistance should appear near the 109.60 to 110.10 region. Beyond that sellers should appear near 111.55 , a close over 111.55 augurs for a test of 113.00 to 113.60 and eventually 115.70 and the 116.40 to 116.90 region

On the DownSide, support is at 100.00 and 99.35 to 9910 . Under that buyers should appear near 9835 to 9825 and 9665 to 9645.. Traders can buy at 9935 and risk a close under 9625 for three days in a row. Below that buyers should appear near 9445 and the 9156 to 9140 region. Under that 8875 to 8855 should contain a decline...

Traders should go long if a close over 100.50 occurs.

 

Dec. Cocoa

Support is at 972 to 968 Traders can buy at 972, risk a close under 968 for three days in a row. Below that support is at 955 and the 941 to 932 region under that 918 to 907 should hold..

Resistance is at 986 and 1000 to 1005 then 1015. Beyond that sellers should appear near 1032 to 1036 region and the 1058 to 1068 region.. A close over 1068 is friendly and augurs for a test of 1096 to 1101 and the 1130 to 1136 region..

Traders should go long if a close over 1005 occurs..

Trade accordingly

 

The Lively Livestock

Oct. Cattle

Support is at 6565 to 6552 a close under 6565 is negative augurs for a test of 6492 and 6475 below that support is at 6447 and 6432 to 6417 traders can buy at 6432 for a turn higher, risk a close under 6337 for three days in a row. Below that buyers should appear near 6257 and 6212. Under that 6182 to 6165 should contain a decline.

 

Resistance is at 6627 and 6642 , traders can sell at 6622 for a turn lower, risk a close over 6707 for two days in a row. Beyond that resistance is at 6742 to 6757 and 6807 and the 6837 region..

Oct. Hogs
Support
is at 4502 under that support is at 4447 and 4402 a close under 4402 augurs for a test of 4317 to 4307 .Traders can buy at 4307 for a bounce , risk a close under 4207 for two days in a row . Below that support is at 4122 to 4112 and 4057 to 4047..

Resistance is at 4572 to 4582.. Beyond that sellers should appear near 4612 and 4647. A close over 4647 is friendly and augurs for a test of 4747 and 4812 then 4847 to 4857 .Traders can sell at 4847 , risk a close over 4927 for three days in a row.

Beyond that resistance is at 4977 to 4997 and 5022 then 5037 to 5067 where sellers should cap a rally..

Traders Stay Tuned for Hog and Belly Flashes.

 

The Sensational Stock and Bond Markets

Dec. Bonds

On The DownSide nearby support is at 113-20 and 113-09 under that buyers should appear near 112-20 and 112-11 and contain a decline for a while..Under that 112-00 and 111-17 offer support..Traders can buy at 112-00 and risk a close under 111-17 for three days in a row.

On the Upside Nearby Resistance is at 114-11 then 114-20 to 114-26 A close over 114-20 is friendly and augurs for a test of 115-05 and 115-20 .. Beyond that sellers should appear near 116-12 and 116-27

Traders should go long if a close over 114-20 occurs

Sept. SP 500

On the DownSide Nearby Support is at 1322 to 1321.40 and 1315.20 under that 1310 to 1309 offer support ...Traders can buy at 1310 for a turn higher put your own risk on it and stay tuned. Under that support is at 1307 to 1304 Where it should hold on a decline basis the close. Below that buyers should appear near 1302.20 and 1300. Under that support is at 1289 and the 1274 to 1268 region...

Nearby Resistance is at 1334 an extended trade or close over 1334 is friendly and augurs for a test of 1340 to 1340..80.. A close over 1340.90 indicates a test of 1346 to 1350.70 and eventually the 1358.50 to 1361.50 region.. Beyond that resistance is at 1363.70 and 1371.20 ..A close over 1371.20 is friendly and augurs for a test of the 1377 to 1383 region Beyond that sellers should appear near 1399 to 1402...

Stay tuned for Flashes ...

Dow Jones Industrial Avg.
Support
is at 10,960 and 10879 under that buyers should appear near 10,820 and to 10,790 . Below that 10,680 and 10,630 to 1,580 offers support . Below that support is at 10,475 to 10,464 then 10,411.90 and the 10,360 to 10,320 region..

Resistance should appear near 10,985 and 11,010, a close over 11,010 is friendly and augurs for a test of 11,050 to 11,068 beyond that resistance is at 11,155 and 11,189.5 then 11,257 and the 11,300 to 11,360 region.. Which should Cap a rally ...

A ship in Harbor is Safe.. But that's not what ships are built for.

Happy Trading

Bill

Aug. 15 1999
11:18 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 IS 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.

 

BW recommended Open Pos. as of 8-13-99

Long 2 Sept. SP500 at 1365.90 Avg.

Long Sept. Bonds at 116-09
Short Sept. D-marks at 5414

Long Dec. gold at 263

Long Sept. Silver at 543.5

Long Sept. Wheat at 282 3/4

Long Dec. Cotton at 5301

2-12-99 Value 55,000.00

8-1-1999 Value 74,079.90

Current Value 77,305.70

MC recommended Open Pos. NONE

2-12-1999 Value 51,708.10

8-01 Value 63,087.10

Current Value 82,905.60

 

Premier recommended Open Pos

Long 2 Sept. Bonds at 115-29

Long 4 Oct. Sugar at 614

2-23-1999 Value 404,088.95

Aug. 1 1999 Value 549,583.85

Current Value 583,476.55

Starting value 2-12-1997 55,000.00

Material Assumptions : Each trade is derived from FuturesCom's Bi-Weekly

Investment Outlooks, Morning Comments, Premier Flashes, Flashes and

UpDates which pertain to the same. The slippage and fees are computed at

$ 50.00 per round turn trade ,and charged upon exit. Prices are dervied from Entry and exits of Futures Contracts

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS., SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT , THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKET IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS..

 

Copyright@1999 FuturesCom Investment Publications

All Rights Reserved

FuturesCom is Not Responsible for Transmission Errors and Omissions.