Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500 - Precious Metals - Energy - Livestock - Grains - Softs
 

FuturesCom Investment Publications
 Morning Comments 
October 18Th,  2001
 Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Morning Comments
Wed Oct 17th, 2001
3:00 PM

                                            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 8300 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  
Resistance should appear near 6113 and 6165 to 6190
 Support should appear near 6101 under that support is at 6068 and 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 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  107-12 then 107-22.  
Support is at 106-22 and the 106-12 region... 

Dow Jones Industrial Average
Resistance should appear near 9234 then 9316 to 9347 and 9429 to 9445.. Beyond that sellers should appear near 9526 to 9542.   

Support is at 9156 to 9140 should contain a decline for a bit.. Below that buyers should emerge near 9060 to 9044.

December SP500
Recommended Position Short at 1084.30
 Resistance is at 1082 then 1089 and 1096 to 1101.. Beyond that resistance should appear near 1115.50  and the 1130 to 1136 region
Support should appear near the 1068 to 1058 region

Nasdaq Composite
Resistance is at 1689 to 1696 and 1731 to 1738
Support is at 1642 and 1615 to 1609

December Mini- Nasdaq 100
Support is at 1310 to 1304 and 1274 to 1268 
Resistance is at 1346 then1377 to 1383 and 1415 to 1421

                                                              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 near  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 438.5 and 442.5 to 444.5  

                                    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 2185 to 2170 and 2134 to 2126

Dec Unleaded Gas
 Support should appear near 5730 to 5715 and the 5655 to 5640 region.
Resistance is at 5945 to 5955 then 6110 to 6120 and the 6165 to 6190 region. 
    

Dec Heating Oil  
Resistance is at 6335 to 6355 and 6415 to 6430 then 6570 to 6590
Support should appear near 6190 to 6165 and 6110 to 6100 . Under that support should appear near 6035 to 6025 region. 

Trade Accordingly

The Lively Livestock Markets

December Cattle
 Recommended Open Position: Long 2 at 6842.5 
 Support should appear near 6672 to 6657 and the 6592 to 6577 region.   
Resistance is at 6742 to 6757 and 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 and the 5127 to 5137 region. .

February Pork Bellies
Recommended Open Position: Long 2  7602 avg
Support should appear near  7087 to 7072 and 7002 to 6992 then  6922 to 6907 and 6837 to 6807
Resistance is at the 7137 to 7167 region.. Beyond that a test of 7242 to 7257 is likely. 
.

                                                 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  and 442 1/2 to 444 3/4 
Support should appear near 431 1/2 to 430 1/2 and 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 to 161.5
Support is at  the 157.6 to 156.9 and 153.5 to 152.9


December Soybean Oil
Support is near 1496 to 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 avg  
Support should appear near 282 3/4 to 282 and 277 1/2 to 275 1/2 under that 272 1/2 to 271 3/4.should hold. 
Resistance is at 287 1/2 to 288 1/4 and 292 3/4 to 293 3/4 

Stay Tune for Updates and Flashes..

The Satisfying Softs

December Cotton  
 Support should appear near 3102 to 3092 
Resistance is at 3195 to 3215  

December  Coffee  
 Support is near 4445 to 4425 and 4305 to 4315 
Resistance should appear near 4505 to 4515 and 4570 to 4585.  

March Sugar
Resistance should appear near 682 to 686. 
Support should appear near 661 to 656.                                                

Trade Accordingly

December Cocoa
Support is at 1058 and 1047 then 1036 to 1032   
 Resistance should appear near 1068 and 1082 and the 1096 to 1101 region. 

--A ship in Harbor is Safe.. But that's not what ships are built for --  
Happy Trading !
Bill ! 

Wed October 17th, 2001  
4:15 PM

THIS PUBLICATION CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS 
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.

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Premier Service
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 10-17-2001
Long 5 Dec Yen 8361
Long 20 Dec Swiss 6147 avg
Long 20 Dec EC 9073 avg 
Short 5 Dec SP500 1095.50
 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 10 Dec Wheat 277 1/2 avg

Index Program 
http://www.futurescom.com/index01.htm
Recommended Open Position as of 10-17-2001
Short 2 at 1079.20

Morning Comment  Day Trades (MC):
http://www.futurescom.com/mcper01.html
Recommended Open Position as of 10-17-2001
NONE 

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