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Morning
Comments
October 17Th, 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
Morning
Comments
Wed Oct 17th, 2001
3:00 AM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Support should appear near 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 8273 and8300 to 8314. A close over augurs for
a test of 8351 and eventually the 8391 to 8406 region ...
December
Euro FX
Support
is at
9001
and 8964 to 8934
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
1.4418 and 1.4362
Resistance
is at 1.4486 and 1.4530.
December
Canadian Dollar
Support
should appear at 6383 then 6350 to 6337.
Resistance
is at 6417 to 6430.
December Australian Dollar
Support is
at 5067 to 5039.
Resistance
should appear near 5127 to 5139
The Sensational Bond and
Stock Markets
30 Year
December
Bonds
Resistance
should appear near 106-17
then 106-23.
Support
is at 105-22 and the 105-07 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 9316 to 9300 and 9234.. Under that 9156 to 9140 should contain a decline for a
bit
December
SP500
Recommended Position Short at 1084.30
Resistance is at 1115.50 and the 1130 to
1136 region
Support should appear near 1101 to
1096 and 1089
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 1453 to 1459
Support is at 1421 to 1415 and 1383
Precious
Metals
December
Gold
Recommended Open Position: Long 2 at
288.9 avg
Support should
appear near 282.0
and the 277.5 to 275.8 region .
Resistance
is
at 287.4 to 288.3.. a close over 288.3 is
friendly and augurs for a test of 292.8 to 293.7
Trade
Accordingly and tuned for updates..
December
Copper
Support should appear near6405
to 6385 and the 6350 to 6335 region.
Resistance
should appear near 6485 to 6510.
December
Silver
Recommended
Open Position :Long 458.5
Support should appear near
the 431.5 to 430.5 and should hold..
Resistance
is at 437 to 438.5.
The
Exciting Energies
Dec
Crude Oil
Resistance
is at 2267
to 2275, a close over is friendly and augurs for a test of
2354 to 2370
Support is at 2226 to 2219
Dec
Unleaded Gas
Support should appear near 6025 and the 5955 to 5940 region.
Resistance
is at
6110 to 6120 and the 6165 to 6190 region. .Beyond that a test of 6335 to 6350 is
likely.
Dec
Heating Oil
Resistance
is at 6415 to 6430 and 6570 to 6590
Support
should appear
near 6355 to 6335.. Under that 6190 to 6165 should
hold.
Trade Accordingly
The
Lively Livestock Markets
December
Cattle
Recommended Open Position: Long 2 at 6842.5
Support should appear near 6672 to 6657.
Resistance
is at 6807 to 6837
December
Hogs
Recommended Open Position Long 2 5395 avg
Support
is at 5002 to 4997 and 4922 to
4917
Resistance
is at 5037 to 5067 .
February Pork Bellies
Recommended
Open Position: Long 2 7602 avg
Support should
appear near 7002 to 6992 and 6922 to 6907 then 6837 to 6807
Resistance
is
at 7072 to 7087 and the 7137 to 7167
region
.
Stay
tuned for Livestock Updates and Flashes
The
‘Grand’ Grain
Markets
November
Soybeans
Recommended Open Position Long 451 1/2
Resistance
is at 437 to 438 1/2
Support
should appear near 424 1/2 to 423 3/4
December
Soybean Meal
Recommended
Open Position: Long 2 164.0 avg
Resistance
should appear near 159.1 and 160.9
Support
is at the 156.9 and 153.5 to 152.9
December
Soybean Oil
Support
is near 1484 and 1459 to 1453
Resistance
should appear near the 1529 to 1535 region.
December
Corn
Recommended position Long 213 1/2
Resistance should appear near 208 to
208 3/4.
Support should appear near the 204 1/4 to 203 1/2 region
December
Wheat
Recommended position Long 2 275 3/4
Support
should appear near 275 1/2 then 272 1/2 to 271 3/4..
Resistance
is at 282 to 282 1/2
Stay
Tune for Updates and Flashes..
The Satisfying Softs
December
Cotton
Resistance is at 3195 to 3215
December
Coffee
Resistance
should appear near 4505 to 4515.
March
Sugar
Resistance should appear near
682 to 686.
Support
should appear
near 661 to 656.
December
Cocoa
Support is at 1036 to 1032 then 1005 to 1000
Resistance
should appear near 1058 to 1068
--A
ship in Harbor is Safe.. But that's not what ships are built for --
Bill !
Wed October
17th, 2001
4:00 AM
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 10-16-2001
Long 5 Dec Yen 8361
Long 20 Dec Swiss 6147 avg
Long 20 Dec EC 9073 avg
Short 10 Dec SP500 1093.70
Long 15 Dec Gold 286.1 avg
Long 15 Dec Hogs 5457 avg
Long 4 Feb Hogs 5550
Long 8 Feb Bellies 7177 avg
Long 5 Dec Wheat 271
Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 10-16-2001
Short 2 at 1079.20
Morning Comment Day Trades
(MC):
http://www.futurescom.com/mcper01.html
Recommended Open Position as of 10-16-2001
Long 5 Dec Hogs 4995
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