Socio
Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500 - Precious Metals - Energy - Livestock - Grains
- Softs
Sign
up for Instant Flashes Description
of Services
Premier Service
FuturesCom
Investment Publications
Morning Comments
September 25th, 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
"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 24th, 2001
4:15 PM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Recommended BW Position: Short 8560
Support should appear near 8529,
below that a test of 8499 to 8484 is likely..
Resistance
should appear near 8574 and 8589. Above that sellers should appear near the
8668 to 8683 region..
December
Euro FX
Support
is at
9101.... An extended trade under augurs for a test of 9060 to 9044..
Resistance should appear near the 9140 to 9156
region...
December
Swiss Franc
Recommended BW Position : Short 6203
Support should appear near 6257,
a slip under augurs for a test of 6190 to 6165..
BW Traders should go short if a close under 6255 occurs..
December
British Pound
Support
should appear near 1.5430
and 1.4426 then 1.4372
Resistance is at 1.4590..Beyond that resistance is at 1.4710.
December
Canadian Dollar
Support
should appear at 6350 to 6337.below that buyers should appear near the
6270 to 6256 region.
Resistance
is at 6417 to 6430, an extended trade
over is friendly and augurs for an eventual test of the 6483 to 6509 region..
December Australian Dollar
Support is
at 4856 to 4845 and 4786 to 4775.
Resistance should appear near 4915 to 4926
The Sensational Bond and
Stock Markets
30 Year December
Bonds
Resistance
should appear near 103-17 then 103-23 and
104-07 to 104-12..
Above that sellers should appear near 104-22.BW Traders can sell
at 104-21 for a turn lower, risk a close over 105-14 for three days in a row..
Support
is at 102-23 and 102-12..BW traders can buy at
102-12 and risk a close under 101-31 for
three days in a row.
Dow Jones Industrial Average
Nearby Resistance should appear
near 8668 to 8683 and 8762 to 8777.
Nearby Support is at 8589 to 8560 and 8499 to 8484 .
December
SP500
Resistance is at 1018.50 ..
An extended trade over or close over is friendly and augurs for an eventual test
of 1032.00 to 1036.00 and Beyond towards the 1058 to 1068 region.
Support should appear near 1005.00 to 1000.00 and 993.70 to 992.10.. a slip under is negative and augurs for a test of 983.70 to 982.90.....
Stay Tuned for Updates and Day Trade (MC) Flashes ....
Nasdaq Composite
Resistance is
at
1529 to 1535 and the 1569 to 1576 region.. Beyond that sellers should
appear near 1609 to 1615
and Cap a rally ..
Support is at 1496 to 1484 and 1459 to 1453..
December Mini- Nasdaq 100
Resistance is
at 1203.. An extended trade over 1203 is
friendly and augurs for a test of 1232 to 1238
Support is at 1192 then 1169 to 1164 and the 1136 to 1130 region..
Precious
Metals
December
Gold
Support should
appear near 288.3 to 287.4 under that support should appear near 282.9 to 282.0
and the 277.5 to 275.8 region .BW .Traders can buy at 283.1 for a turn higher ,
risk a close under 275.8 for three days in a row..
Resistance
is
at 292.8 to 293.7 and the 287.2 to
299.0 region...a close over 299 is friendly and
augurs for a test of 303.6 to 320.5
BW Traders should go long if a close over 294.1 occurs..
Trade
Accordingly and tuned for updates..
December
Copper
Recommended BW Position:
Long 6790
Support should appear near
6510 to 6480 and the 6430 to 6415 region... Below that 6350 to 6335 should contain a decline for a bit..
Resistance
should appear near 6655 to 6670 a close
over is friendly and augurs for a test of 6905 to 6920 and eventually 6990 to
7005..
BW Traders should go long if a close over 6670 occurs.
December
Silver
Support should appear near
451.5 to 450.5 and the 438.5 to 437 region which should contain a decline for, a bit..
BW Traders can buy at 438.5 and hold for higher prices.
Resistance is at 469.5 to 472.. A close over 472 is friendly and augurs for a test of 484.5 to 486
The
Exciting Energies
November
Crude Oil
Recommended BW Position Long 2420
Resistance
is at 2219
to 2226 and 2267 to 2275 Beyond that
sellers should appear near 2315 to
2322t..
Support
is at 2285 to 2170 and 2134 to 2126...
November
Unleaded Gas
Recommended
BW Position: Long 6840
Support should appear near 6165 then 6115
to 6100 and the 6045 to 6025 region..
Resistance
is at the 6335 to 6350
and 6415 to 6435
November
Heating Oil
Recommended BW Position: Long at 6655
Resistance
is at 6335 to 6350 and 6415 to 6435 .
Support
should appear
near 6190 to 6165 and 6115 to 6100 .
The
Lively Livestock Markets
October
Cattle
Support should appear near 6757 to
6742. Below that buyers should appear near
6672 to 6652...
Resistance
is at
6837 and the 6907 to 6922 region.. A close over is friendly and augurs for a test of
6987 to 7002 .
December
Cattle
Support should appear near 6922 to
6907 and 6837 to 6807 ..BW Traders can buy at 6837 and risk a close under 6737 for three days in a
row..
Resistance
is at
6992 to 7007, a close over is friendly and augurs for a test of 7062 to
7077 and eventually the 7142 to 7172 region.. .
BW Traders should go long if a close over 7007 occurs..
October
Hogs
Support
is at the 5880 to 5855 region…
Below that support is at 5805 to 5790
Resistance
is at 5942 to 5957 and 6022 to 6035
BW Traders should go long if a close over 6037 occurs.
Stay Tuned for updates and Flashes
December
Hogs
Support
is at 5492 and the
5432 to 5417 region… Below that support is at 5357 to 5342
Resistance
is at 5507 then 5552 to 5577 and the 5642 to 5652
region. .
BW Traders should go long if a close over 5577 occurs..
February Pork Bellies
Support should
appear near 8042 to 8027 and the 7957 to 7937 region... .BW . Traders can buy at 8047 and risk
a close under 7957 for three days in a row.. Below that buyers should appear
near 7867 to 7832
Resistance
is
at 8117 to 8137 and 8192 to 8222.
Stay
tuned for Livestock Updates and Flashes
The
‘Grand’ Grain
Markets
November
Soybeans
Recommended BW Position : Long 486
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 Below that buyers should
appear near 451 1/2 to 450 3/4 and the 444 3/6 to 442 1/4
region
BW Traders should go long if a close over 472 occurs..
December
Soybean Meal
Recommended
BW Position: Long 2 at 167.7 avg.
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 1655 to 1642 and 1615 to 1609.
Resistance
should appear near the 1689 to 1696. Beyond that
sellers should appear near 1731 to 1738 ..
December
Corn
Resistance should appear near 217 to
218 1/2 .
Support should appear near the 213 1.2 to 212 3/4
region.
December
Wheat
Support
should appear near 262 to 261 1/4 and the 256 3/4 to 255 1/2
region.
Resistance
is at 267 1/4 , a close over is friendly
and augurs for a test of 271 3/4 to 272 1/2 and eventually the
275 3/4 to 277 1/2 region ..
The Satisfying Softs
December
Cotton
Support
should appear near 3625 to 3610 and 3565 to 3550
then 3505
to 3490...BW Traders can buy at 3505 and risk a close under 3375 for
three days in a row.
Resistance is at 3665 to 3685 and 3795 to 3805.
December
Coffee
Support is
near the 4855 to 4845 and 4715 to 4690 and 4515 to 4505..
Resistance
should appear near 4915 to 4925 and 4970
to 4995 then 5035 to 5065 and the 5125
to 5140 region . Beyond
that a test of 5345 to 5355 is likely ..
Stay tuned for updates
March
Sugar
Recommended
BW Position: Long at 687
Nearby
Resistance 656 to 661..Beyond
that sellers should appear near 682 to 686
Support
should appear
near the 634 to 630 region.. under that buyer should appear
near the 586 to 582 region.
December
Cocoa
Support is at the 1000 and 972 to 968.
BW Traders can buy at 972 and risk a close under 929
for three days
in a row
Resistance
should appear near 1032 to1036.
--A
ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Monday
September 24th, 2001
5:14 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 9-24-2001
Short 25 Dec Swiss Franc 6258 avg.
Short 5 Dec Japanese Yen 8564
Long 5 Dec Copper 6950
Long 15 Dec Hogs 5567 avg
Long 10 October Hogs 5947 avg
Long 20 Nov Beans 481 1/2 avg.
Long 10 Dec Wheat 277 1/2
Long 10 Dec Soymeal 168.3
Index
Program & Morning
Comments (MC):
recommended positions : none: