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Morning Comments, September 10th ,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
Monday Sept 10th, 2001
3:30 PM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Support should appear near 8314 to
8300 and 8263. Below that a test of 8223 to 8194 is likely
Resistance
should appear near the 8391 to 8406
region..
December
Euro FX
Support
is at
8964 to
8949 and 8934.
Resistance
is
at should appear near 9001 and the 9044 to 9060 region.. .
Stay tuned for Updates…
December
Swiss Franc
Resistance
should appear near 5945 to 5957 beyond
that sellers should appear near 5995
Support should appear near 5912 .. A close under 5912 is negative and augurs for a test of 5880 to 5855
and eventually the 5805 to 5792 region..
December
British Pound
Support
should appear near
1.4476... A slip
under augurs for a test of 1.4372 and the 1.4210
to 1.4150 region.
BW Traders can buy at 1.4120 and risk a close under 1.4140 for three
days in a row..
Resistance is at 1.4530 to 1.4560 and 1.4590..Beyond that resistance is at 1.4710
December
Canadian Dollar
Support
should appear at 6383 then 6350 to
6337
Resistance
is at 6417 to 6430
December Australian Dollar
Support is
at the 5067 to 5056 region..Below that a test of 4995 to 4973
is likely
Resistance should appear near 5127 to 5139 and 5200 to 5211
The Sensational Bond and
Stock Markets
30 Year December
Bonds
Resistance
should appear near 104-23 then 105-12 to 105-17 and
105-24
Support
is at 104-12 to 104-07 failure there augurs for an
test of 103-17.. Below that support is at
103-07 and 102-23, BW traders can buy at 102-23 and risk a close under 102-06 for
three days in a row.
Dow Jones Industrial Average
Resistance should appear near 9625 to 9641 and 9822 to 9837
Nearby Support is at 9542 to 9526 and 9445 to 9429 under that buyers should appear near the 9156 to 9140 region.
December
SP500
Resistance is 1115.5.
An extended trade over or close over is friendly and augurs for a test
of 1130 to 1136.
Support should appear near 1096 then 1082.00 and 1068.00 to 1058.00 which should contain a decline
Nasdaq Composite
Resistance is
at 1696 and the 1731 to 1738 region.. a close over 1738 is friendly and
augurs for a test of
1774 to 1780
Support is at 1655 to 1642 and 1615 to 1609..
December Mini- Nasdaq 100
Resistance is
at 1383 and the 1415 to 1421 region.. An extended trade over 1421 is
friendly and augurs for a test of 1453 to 1459 and eventually 1484 to 1496
region..
Support is at 1346 to 1334 and 1310 to 1304 , under that buyers should appear near 1274 to 1268, failure there augurs for a test of the 1238 to 1232 region.
Precious
Metals
December
Gold
Support should
appear near 272.4 to 271.6.
Resistance is at 274.4 and 275.8 to 277.4
Trade
Accordingly and tuned for updates..
December
Copper
Support should appear near
6510 to 6480 . Below that 6430 to 6415 should contain a
decline for a bit.
Resistance should appear near 6655 to 6670
December
Silver
Support should appear near
418.5 to 416 and
412 to 411 which should contain a decline for, a bit.. Below that buyers
should appear near 405.5 to 404.5 BW
Traders
can buy at 404.5 and risk a close under 398 for three days in a row.
Resistance is at 423.5 to 425.5. A close over 425.5 is friendly and augurs for a test of 430 to 431.5..
The
Exciting Energies
October
Crude Oil
Resistance
is at
2775 and 2796 then 2820 to 2829
Support
is at 2724 to 2716 and the 2672 to 2662 region..
October
Unleaded Gas
Support should appear near 8135 to 8115
and 8045 to 8025,
a close under augurs for a test of 7955 to 7935 and the 7865 to 7835 region..
Resistance is at the 8195 to 8225 and 8300 to 8315 then 8390 to 8410..
Stay tuned for Updates ..
October
Heating Oil
Resistance
is at 8035 to 8045 then 8115 to 8135 and the 8195 to 8225 region ..
Support
should appear
near 7955 to 7935. A close under 7935 is
negative and augurs for a test of 7777 to 7763 .. Below that support is at
7689 to 7675 and the 7601 to 7687 region..
Trade Accordingly
The
Lively Livestock Markets
October
Cattle
Nearby Support should appear near the 7172 to 7137 region.
Resistance is at 7242 to 7257 a close over is friendly and augurs for a test of 7327 to 7342
October
Hogs
Support
is at the 6037to 6022 and 5957 to 5942
Resistance
is at the 6102 to 6112 region..
Stay Tuned for updates
December
Hogs
Support
is at 5652 to 5642 and 5577 to 5552
Resistance is at 5717 to 5732 and the 5792 to 5807 region.
February Pork Bellies
Support should
appear near 8407 to 8392 and 8317 to 8302 . Below that buyers should appear near
8227 to 8197
Resistance
is
at 8487 to 8502 and 8557 to 8587.
Stay tuned for Livestock Updates and Flashes
The ‘Grand’ Grain Markets
November
Soybeans
Nearby Resistance
is at 471 3/4 and the 477 1/2 to 478 3/4 region
, an extended trade or close over 478 3/4 is friendly and augurs for an
eventual test of the 484 1/2 to 485
3/4 region..
Nearby Support should appear near 465 to 463 3/4 and the contain a decline for a bit
Stay tuned for Updates
December
Soybean Meal
Resistance
should appear near the 164.2 to
165.5 , a close over 165.5 is friendly and augurs for a test of 168.9 to
169.6 .
Support
is at 161.5 to 160.9.. Below that
support should appear near 157.6 to 156
BW Traders should go long if a close over 165.5
occurs..
December
Soybean Oil
Support
is near 1642 and 1615 to
1609.Under that buyers should emerge near the 1576 to 1569 region
Resistance
should appear near the 1689 to 1696.
December
Corn
Resistance should appear near 226 3/4
to 227 1/2 and 231 1/2 to 232
1/4
Support should appear near
222 3/43 to
221 3/4 should contain a decline
for a bit..
December
Wheat
Support
should appear near 277
1/2 to 275 3/4 and 272
1/2 to 271 3/4.
Resistance
is at 282 to 282 3/4
and the 287 3/4 to 288 1/4 region ..
Stay Tune for Updates and Flashes..
The Satisfying Softs
December
Cotton
Support
should appear near 3745 to 3730 and 3625 to 3615
Resistance is at 3858 to 3867 and 3910 to 3920 .
December
Coffee
Support is
near 5120 and 5070 to 5035..Under that 4925 to 4915
should contain a decline for a bit..
Resistance
should appear near 5200 to 5210 and 5255
to 5280..
Stay tuned for updates
March
Sugar
Resistance should
appear near 763 to 767 and the 791 to 795 region.
Support should appear near 751 then 739 to 735
December
Cocoa
Support is at the 912 to 907
region..
Resistance
should appear near 932 to 941
--A
ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Monday
September 10th, 2001
5:00 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.
Bi
Weekly Investment Outlook (BW)
Archives: http://www.futurescom.com/bwparc.htm
Recommended Open positions as of 9-10-2001
Short Dec Yen 8342
Short Dec EC 8980
Long 2 Dec Canadian Dollar 6390
Long
Dec Gold 277.6
Long Dec Copper 6790
Long Dec Silver 424
Short Oct Unleaded Gas 8195
Long Oct Cattle 7342
Long 2 Dec Hogs 5632 avg.
Long Nov Beans 486
Long Dec Soymeal 165.5
Long Dec Corn 227 3/4
Long Dec Wheat 291 3/4
Long Dec Coffee 5305
Long Dec Cocoa 942
-----------------------------------------------------------------------------------------
Morning Comments (MC)
Archive http://www.futurescom.com/mcper01.html
------------------------------------------------------------------
Premier
Service
http://www.futurescom.com/premier.htm
Recommended
Open Positions as of 9-10-2001
Short 5 Dec Yen 8345
Short
10 Dec EC 8996 avg.
Short 15 Dec Swiss 5939 avg.
Short 5 Dec
Bonds 104-21
Long
5 Dec Gold 278.4
Long 5 Dec Copper 6950
Long 20 Dec Hogs 5527
Long
15 Nov Beans 493 3/4 avg.
Long
15 Dec Soymeal 164.7 avg.
Long 20 Dec Wheat 287
Long 10 Dec Corn 227 3/4
Long 5 Dec Coffee 5500
Index
Program
Archives: http://www.futurescom.com/index01.htm
Recommended Open position as of 09-10-2001
Long 4 Sept SP500 1117.50.