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Investment Publications
Morning
Comments
October 12Th, 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
Thursday Oct 11th, 2001
11:30 PM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Support should appear near 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 8300 to 8314 and 8351.
December
Euro FX
Support
is at
the 8964 to 8934
region.
Resistance
is
at 9040 to 9060.
December
Swiss Franc
Support should appear near 6035 to 6023 .
December
British Pound
Recommended Position Long 1.4716
Support
should appear near the 1.4386 region... Under
that 1.4210 to 1.4150 should contain the decline
Resistance
is at 1.4486 and 1.4530.
December
Canadian Dollar
Support
should appear at 6350 to 6337.
Resistance
is at 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 5036 to 5067.
The Sensational Bond and
Stock Markets
30 Year
December
Bonds
Resistance
should appear near 105-22 and 106-07 .
Support
is at 104-22 and the 104-17 region...
Dow Jones Industrial Average
Resistance should appear
near 9429 to 9445.. Beyond that sellers should appear near 9526 to 9542.. and
should cap the rally for a bit...
Support is at 9347 to 9316..
December
SP500
Resistance is at 1115.50 and the 1130 to
1136 region
Support should appear near 1096 then 1082 and
1075.
Nasdaq Composite
Resistance is
at 1731 to 1735 and 1774 to 1780
Support is at 1696 to 1689 and 1655 to 1642
December Mini- Nasdaq 100
Resistance is
at 1415 to 1422 and 1453 to 1459
Support is at 1383 to 1377 and 1346 to 1334
Precious
Metals
December
Gold
Recommended Open Position: Long 2 at
288.9 avg
Support should
appear near 282.9 to 282.0
and the 277.5 to 275.8 region .
Resistance
is
at 287.4 to 288.3
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
442.5 and the 438.5 to 437 region.
Resistance
is at 450.5 to 451.5
The
Exciting Energies
November
Crude Oil
Recommended
Open Position: Long 2420
Resistance
is at 2411
to 2419, a close over is friendly and augurs for a test of
2461 to 2469
Support is at 2370 to 2354 and 2321 to
2315..
November
Unleaded Gas
Recommended
Open Position: Long 6840
Support should appear near the 6335 and
6270 to 6255
Resistance
is at 6415 to
6430 and the 6485 to 6510 region. .
November
Heating Oil
Resistance
is at 6805 to 6835 and 6910 to 6930.
Support
should appear
near 6740 and 6670 to 6655
Trade Accordingly
The
Lively Livestock Markets
December
Cattle
Recommended Open Position: 6927
Support should appear near 6837 to 6807
and should contain a decline.
Resistance
is at 6907 to 6922.
December
Hogs
Recommended Open Position Long 2 5395 avg
Support
is at 5142 to 5127 and 5067 to
5037..
Resistance
is at 5197 to 5212, beyond that a test of 5257 to 5282 is likely.
February Pork Bellies
Recommended
Open Position: Long 2 7602avg
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 450 3/4 to 451 1/2 and 457 1/4 to 458 1/2
Support
should appear near the 444 3/6 to 442 1/4
region ..
December
Soybean Meal
Recommended
Open Position: Long 2 164.0 avg
Resistance
should appear near the 164.2
to 165.5
Support
is at 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 213
1/2 to 212 1/4 and the 208 3/4 to 208 region.
December
Wheat
Recommended position Long 2 275 3/4
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
Stay
Tune for Updates and Flashes..
The Satisfying Softs
December
Cotton
Resistance is at 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
656 to 661.
Support
should appear
near 634 to 630 and 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 !
Friday October
12th, 2001
12:45 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 10-11-2001
Long 5 Dec Yen 8361
Long 10 Dec Swiss 6169
Long 10 Dec EC 9107
Long 15 Dec Gold 286.1 avg
Long 15 Dec Hogs 5457 avg
Long 4 Feb Hogs 5550
Long 4 Feb Bellies 7335
Long 10 Nov Beans 458 1/4 avg
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 10-11-2001
Short 2 at 1079.20
Morning Comment Day Trades
(MC):
http://www.futurescom.com/mcper01.html
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