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Morning
Comments
October 10Th, 2001
Experienced
Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Rockport Circle, Lake Worth, Florida 33467 Tel: 1-561-433-2995
http://www.futurescom.com
Bi-Weekly
Investment Outlook
Tuesday Oct 9th, 2001
3:45 PM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Support should appear near 8351 then 8314 to 8300 and the 8223 to 8195 region.
BW Traders can
buy at 8225 for a good bounce, risk a close under 8195 for three days in a
row...
Resistance
should appear near the 8391 to 8407 region..Beyond that resistance should appear near 8445 and the 8484 to 8499 region.
December
Euro FX
Support
is at
9101....An extended trade under augurs for a test of 9060 to 9044 and eventfully
the 8964 to 8934
region...
Resistance
is
at 9140 to 9156 and 9234.. beyond that sellers should appear
near the 9317 to 9347 region..
Aggressive
BW Traders should go long if a close over 9156 occurs.. Stay tuned for Updates…
December
Swiss Franc
Support should appear near 6139 and
6113 to 6101 .
BW Traders should go long if a close over 6190 occurs
December
British Pound
Recommended Position Long 1.4716
Support
should appear near 1.4520 and the 1.4386 region... Under
that 1.4210 to 1.4150 should contain the decline
Resistance
is at 1.4590 and 1.4662.
December
Canadian Dollar
Support
should appear at 6350 to 6337.
Resistance
is at 6384 and 6417 to 6430.
December Australian Dollar
Support is
at 4973 and the 4926 to 4919 region.. BW Traders can buy at 4930 and risk
a close under 4879 for three days in a row.. Below that 4856 to 4845 should
contain a decline..
.
Resistance should appear near 4995 and 5036 to 5067.
The Sensational Bond and
Stock Markets
30 Year
December
Bonds
Resistance
should appear near 106-12 and 106-23 .
Support
is at 105-23.. a close under 105-23 is
negative and augurs for a test of 104-22 and the 104-17 region...
Dow Jones Industrial Average
Resistance should appear
near 9060 then 9101 and 9140 to 9156, beyond sellers should appear near
the 9234.
Support is at 9044.. A close under is negative and augurs for a test of 8964 to 8934 and eventually the 8875 to 8855 region..
December
SP500
Recommended
Open Position : Short 1060
Resistance is at 1063 to 1068 and 1075 then
1082 .
Support should appear near
1058.. however an extended trade or a close under is negative and augurs for a test of
1047, under that support should appear near 1036 to 1032
Stay Tuned for Updates ....
Nasdaq Composite
Resistance is
at 1576 and 1609 to 1615 then 1642 to 1655.
Support is at 1569 and 1535 to 1529.
December Mini- Nasdaq 100
Resistance is
at 1268 to1274 and the 1304 to 1310 region.
Support is at 1253 and 1238 to 1232, under that buyers should appear near 1203 to 1196
Precious
Metals
December
Gold
Recommended Open Position: Long 294.8
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
BW Traders should go long if a close over 299.1 occurs..
Trade
Accordingly and tuned for updates..
December
Copper
Support should appear near
6385 and the 6350 to 6335 region.
Resistance
should appear near 6435 and 6485 to 6510.
December
Silver
Recommended
Open Position :Long 458.5
Support should appear near
451.5 to 450.5.Under that 444.5 to 442.5 should hold..
Resistance
is at 457 to 458.5 and 463.5 to 465
The
Exciting Energies
November
Crude Oil
Recommended
Open Position: Long 2420
Resistance
is at 2267 to
2275. a close over is friendly and augurs for a test of
2315 to 2322 and more likely the 2354 to 2370 region..
Support is at 2226 to 2219 and 2134 to 2126..
November
Unleaded Gas
Recommended
Open Position: Long 6840
Support should appear near the
6115 to 6100 region .. Below that buyers should appear near 6045 to 6025 and
5960 to 5945
Resistance
is at the 6165 and 6255 to 6270 then 6335
to 6355 and 6415 to 6430.
Stay tuned for Updates..
November
Heating Oil
Resistance
is at 6485 to 6510. Beyond that
resistance should appear near the 6650 to 6670 region .
Support
should appear
near 6350 to 6335 and 6270 to 6255. A close under 6255 is
negative and augurs for a test of 6190 to 6165 and eventually 6115 to
6105.
Trade Accordingly
The
Lively Livestock Markets
December
Cattle
Recommended Open Position: 6927
Support should appear near the 6922 to
6907 region... Below that 6837 to 6807 should contain a decline.
Resistance
is at 7062 to
7077
December
Hogs
Recommended Open Position Long 5507
Support
is at 5432 to 5417 . Below that support is at 5357 to 5342
Resistance is at 5512 and the 5552 to 5577 region.
Traders should go long if a close over 5577 occurs..
February Pork Bellies
Recommended
Open Position: Long 2 7602
Support should
appear near 7172 to 7142 and the 7092 to 7072.. Under buyers should appear
near 7002 to 6992.
Resistance
is
at 7257 to 7272 and 7327 to 7342. .
Stay
tuned for Livestock Updates and Flashes
The
‘Grand’ Grain
Markets
November
Soybeans
Recommended Open Position Long 451 1/2
Resistance
is at 457 1/4 to 458 1/4
, an extended trade or close over 458 1/4 is friendly and augurs for an
eventual test of 463 3/4 to 465
Support
should appear near 451 1/2 to 450 3/4t. Below that buyers should
appear near the
444 3/6 to 442 1/4
region ..
BW Traders should go long if a close over 458 1/4 occurs..
December
Soybean Meal
Recommended
Open Position: Long 2 164.0 avg
Resistance
should appear near the 165.5
and the 168.9 to 169.6.
region.
Support
is at 164.2 and the 161.5 to 160.9
region
December
Soybean Oil
Support
is near 1535 to 1529 and 1496 to 1484
Resistance
should appear near the 1569 to 1576 region.
December
Corn
Recommended position Long 213 1/2
Resistance should appear near 217 to
218 1/2.
Support should appear near
212 1/4 and the 208 3/4 to 208 region.
December
Wheat
Recommended position Long 272 3/4
Support
should appear near 272 1/2 to 271 3/4 and 267 1/2 to 266..
Resistance
is at 275 3/4 to 277 1/2, a close over is friendly
and augurs for a test of 282 to 282 3/4
BW Traders should go long if a close over 277 1/2 occurs..
Stay Tune for Updates and Flashes..
The Satisfying Softs
December
Cotton
Resistance is at 3195 to 3215 and 3260 to 3270 then 3375 to 3385
December
Coffee
Resistance
should appear near 4570 to 4585 and 4635 to 4650..
March
Sugar
Resistance should appear near 630 to 634.
Support
should appear
near the 609 to 601 region.
December
Cocoa
Support is at the 1036 to 1032 and
1005 to 1000
Resistance
should appear near 1058 to 1068 and 1082
--A
ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Tuesday
October 9th, 2001
4:15 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 10-09-2001
Long 5 Dec Yen 8361
Long 10 Dec Swiss 6169
Long 5 Dec Gold 294.4
Long 15 Dec Hogs 5457
Long 4 Feb Hogs 5550
Long 4 Feb Bellies 7335
Long 10 Nov Beans 458 1/4
Long 5 Jan Beans 461 1/2
Long 5 Dec Soy Meal 161.2
Long 5 Dec Wheat 271
Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 10-9-2001: NONE
Morning Comment Day Trades
(MC):
http://www.futurescom.com/mcper01.html
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Publications All Rights Reserved
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