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Morning Comments
October 1st, 2001
Experienced
Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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http://www.futurescom.com
"Accomplishments will prove to be a journey,
not a destination"
--Dwight D. Eisenhower--
Morning
Comments
Saturday Sept 29th, 2001
10:15 AM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Support should appear near 8406 to 839 and
8351.. failure there augurs for a test
8314 to 8300 and eventually the 8223 to 8195 region.. which should hold. BW Traders can
buy at 8225 for a good bounce , and risk a close under 8195 for three days in a
row..
Resistance
should appear near 8445 and 8484 to 8499..Day Traders can sell at 8445 and
hold for lower prices..
December
Euro FX
Support
is at
9060 to 9044 and
the 8964 to 8934 region...
Resistance should appear near
9101 and the 9140 to 9156 region
December
Swiss Franc
Recommended BW Position : Short 6198
Support should appear near 6165...A slip
under is negative and augurs for a test of the 6113 to 6101region..
December
British Pound
Support
should appear near 1.4646
and 1.4590
to 1.4530
Resistance is at 1.4710 and should
continue to contain rallies..
December
Canadian Dollar
Support
should appear near the
6270 to 6256 region.
Resistance
is at 6337 to 6350.
December Australian Dollar
Support is
at 4856 to 4845 region and 4816 then 4786 to 4775
Resistance should appear near 4916 to 4926
The Sensational Bond and
Stock Markets
30 Year December
Bonds
Resistance
should appear near 105-22 then 106-04
Support
is at 105-12 then 104-23 and 104-07.
Dow Jones Industrial Average
Resistance should appear
near 8856 to 8871.. Beyond that resistance should appear near 8934 to 8964 and
the 9044 to 9060 region..
Support is a 8777 to 8762 and 8683 to 8668.. Below that 8589 to 8560 should hold.. .
December
SP500
Resistance is at 1047.00
An extended trade over or close over is friendly and augurs for an eventual test
of 1058.00 to 1063.00.. Where sellers should appear .. Beyond that a test of
1068.00 is likely ...
Support should appear near
1036 to 1034.00 and 1032.00. a slip under is negative and augurs for a test of
1025.30
and the 1018.50 region...
Stay Tuned for Updates and Day Trade (MC) Flashes ....
Nasdaq Composite
Resistance is
at 1529 to 1535 and should contain a rally for a bit.. an extended trade over is
friendly and augurs for an eventual test of 1569 to 1576..
Support is at 1496 to 1484 and the 1459 to 1453 region..
December Mini- Nasdaq 100
Resistance is
at 1180.5 .. Beyond that a trade towards 1`192 to 203 is likely..
Support should appear near the 1169 to 1164 and 1153.. Below that a test of 1136 to 1130 is likely...
Precious
Metals
December
Gold
Recommended Position: Long 294.8
Support should
appear near 293.7 to 292.8 and the 288.3 to 287.4 region.. under that support should appear near 282.9 to 282.0...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 294.1 and the 297.2 to
299.0 region...a close over 299 is friendly and
augurs for a test of 303.6.
Trade
Accordingly and tuned for updates..
December
Copper
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 6590 then 6655 to 6670
BW Traders should go long if a close over 6670
occurs.
December
Silver
Support should appear near
465 to 463.5 and 457.5 to 455.5 then 451.5 to 450.5
Resistance
is at 469.5 to 471.. beyond that a test of 477.5 to 478.5 is likely..
The
Exciting Energies
November
Crude Oil
Recommended BW Position Long 2420
Resistance
is at 2354 to 2370..
beyond that a test of 2411 to 2419 is likely..
Support
is at 2322 to 2315 and 2275 to 2267.
November
Unleaded Gas
Recommended
BW Position: Long 6840
Support should appear near 6430 to 6415
and 6355 to 6335 and the 6270 to 6255 region..
Resistance
is at 6485 to 6500..
Beyond that a test of the 6575 to 6590 region is likely to occur
November
Heating Oil
Resistance
is at 6740 to 6755 and 6805 to 6835.
Support
should appear
near 6670 to 6655 and 6590 to 6570 then 6435 to 6415..
The
Lively Livestock Markets
December
Cattle
Recommended position Long 6837
Support should appear near 6672 to
6657..
Resistance
is at
6742 to 6757....
October
Hogs
Support
should appear near 5857 and the
5807 to 5792 region...
Resistance
is at 5942 to 5957 and the 6022 to 6037 region.
BW Traders should go long if a close over 5882 occurs.
Stay
Tuned for updates and Flashes
December
Hogs
Support
is at 5357 to 5342 and the 5282 to
5257 region..BW Traders can buy at 5282 and risk a close under 5197 for
three days in a row..
Resistance
is at 5492 to 5507 and 5552 to 5577.. Beyond that a test of 5637 to 5652
is likely..
BW Traders should go long if a close over 5577 occurs..
February Pork Bellies
Recommended Position Long 7950
Support should
appear near 7427 to 7412 and the 7342 to 7327 region ....
Resistance
is
at 7512 then 7587 to 7602 and 7672 to 7687
Stay
tuned for Livestock Updates and Flashes
The
‘Grand’ Grain
Markets
November
Soybeans
Nearby Resistance
is at 457 to 458 1/2 and the 463 3/4 to 465
region
BW Traders should go long if a close over 465 1/4 occurs..
Support should appear near 450 1/2 and the 4443/4 to 442 1/2 region
December
Soybean Meal
Resistance
should appear near the 160.9
to 161.5
Support
is at 159.1 and the 157.6 to 156 region.
BW Traders should go long if a close over 161.5 occurs..
December
Soybean Oil
Support
is near 1535 to 1529.
Resistance
should appear near 1569 to 1576.
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 267 1/2 to 266
Resistance
is at 271 3/4 to 272 1/2 and the 275 3/4 to 277 1/2
region
The Satisfying Softs
December
Cotton
Support should appear near 3445 to 3425
Resistance is at 3550 to 3565 and 3610 to 3625.
December
Coffee
Support is
near 4715 to 4690 and 4515 to 4505..
Resistance
should appear near 4845 to 4855 and
4915
to 4935.
Stay tuned for updates
March
Sugar
Nearby
Resistance should
appear near 671 then 682 to 686
Support
should appear
near the 661 to 656 and the 634 to 630 region..
December
Cocoa
Recommended
Position Short
1096
Support is at the 1068 to 1058
region
Resistance
should appear near the 1096 to 1101
region.. which should continue to attract sellers
Beyond that a test of 1130 to 1136 is likely .
--A
ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Saturday
September 29th, 2001
12:00 Noon
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 9-28-2001
Long 5 Dec Copper 6950
Long 5 Dec Gold 294.4
Long 5 Dec Silver 460.5
Long 10 Dec Hogs 5572 avg.
Long 5 October Hogs 5972
Long 10 Nov Beans 467 1/2 avg.
Long 15 Dec Wheat 275 avg.
Long 5 Dec Soymeal 168.3
Index
Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 9-28 NONE
Morning Comment Day Trades
(MC):
http://www.futurescom.com/mcper01.html
: