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Premier Service
FuturesCom
Investment Publications
Bi-Weekly
Investment Outlook
October 24TH 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
Morning
Comments
Tuesday Oct 23rd, 2001
3:15 PM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Recommended Open Position : Long 8225
Support should appear near 8135 to 8119
and the 8044 to 8029 region..
Resistance
should appear near 8195 to 8225 ..
December
Euro FX
Support
is
near 8871 to 8856 and the 8777
to 8762 region.....Failure there augurs for an eventual test of 8683 to 8668 ..
BW Traders can buy at 8683 for a bounce, risk a close under 8619 for three days in
a row.. .
Resistance
is
at 8901 and 8934 to 8964
December
Swiss Franc
Support should appear near the 6023
and the 5957 to 5945
region.. BW Traders can buy at 5957 and risk a close under
5945 for three
days in row
December
British Pound
Recommended Position Long 1.4716
Support
should appear near 1.4180
to 1.4150
and should contain a decline..Under
that buyers should emerge near 1.3830 to 1.3770.. BW Traders can by at 1.3770 for a
turn higher and risk a close under 1.3620 for three days in a row.
Resistance is at 1.4286 and 1.4336...
December
Canadian Dollar
recommended open position: Long 6360
Support
should appear near the
6270 to 6256 region.
Resistance
is at 6383 and 6417 to 6430.
December Australian Dollar
Support is
at 5036 and 4995 to 4973.
Resistance should appear near 5067 then 5127 to 5139 and the 5200 to 5211 region.. .
The Sensational Bond and
Stock Markets
30 Year
December
Bonds
Resistance
should appear near 106-12 and 106-22.
Support
is at 105-23. a close under
105-23 is negative and augurs for a test of the 104-22 to 104-17
region...
BW Traders can buy at 104-18 and risk a close under 103-17 for three days in a
row..
Dow Jones Industrial Average
Resistance should appear
near the 9422 to 9446 region.
Above that resistance should appear near 9526 to 9542 and Cap a rally for a bit.
Beyond that resistance is at 9625 to 9645....
Support is at 9331.5 to 9316 and 9236.
December
SP500
Recommended Position
Short 1084.3
Resistance is at 1089 and 1096 to 1101
then 1115.5 and 1130 to
1136 is likely.
Support should appear near 1082 then 1075
and 1068 to 1063
Stay Tuned for BW Updates ....
Nasdaq Composite
Resistance is
at 1713.5 then 1731 to 1739 Beyond that sellers should
appear near 1774 to 1780
and Cap a rally ..
Support is at 1696 to 1689
December Mini- Nasdaq 100
Resistance is
at the 1415 to 1421
region.. Beyond that Sellers should appear near the 1453 to 1459 region..
Support is at 1383 to 1377 and 1346 to 1334
Precious
Metals
December
Gold
Recommended Open Position : Long 2
288.9 avg
Support should
appear near the 275.8 region..Under that buyers should appear near
272.5 to 271.6..Below that support should appear near 262 to 261.2
Resistance
is
at 277.5 and 279.4
Trade
Accordingly and tuned for updates..
December
Copper
Support should appear near 6270
to 6255
and 6190 to 6165t.
Resistance
should appear near 6415 to 6430
December
Silver
Recommended Position Long
458.5
Support should appear near
the 412 to 411 region which should contain a decline for a
bit.
Traders can buy at 412 and hold for higher prices.. Below that buyers
should appear near 387.5 to 385.
Resistance is at 430 to 431.5..
The
Exciting Energies
December
Crude Oil
Resistance
is at
2219 to 2226 and 2267 to
2275...
Support
is at 2170 and 2134 to 2126. Below that buyers should appear near
the 2042 to 2034 region.
BW Traders should go long if a close over 2247 occurs..
December Unleaded Gas
Support should appear near the 5880 to 5855 region..Under
that buyer should appear near 5730 to 5715
Resistance
is at the 5945 to 5960 and 6020 to 6035
Stay tuned for Updates..
December
Heating Oil
Resistance
is at 6335 to 6350 then 6415 to 6430 and the 6485 to 6510 region ..
Support
should appear
near 6270 to 6255 and 6190 to 6165. BW Traders can buy at 6190 and risk a close under
6095 for three days in a row...
Trade Accordingly
The
Lively Livestock Markets
December
Cattle
Recommended Position Long
6757
Support should appear near 6672 to 6652
under that 6592 to 6577 should contain a decline..
Resistance
is at 6742
to 6757.
December
Hogs
Support
is at 4927 to 4912 and the 4857 to 4842 region
Resistance is at 4972 to 4997 and 5037 to 5067
February Pork Bellies
Recommended Position:
Long 4 7182
Support
should
appear near the 6672 to 6657 region..Under that 6592 to 6577 should offer
support
Resistance
is
at 6742 to 6757 and 6807 to 6837.
Stay
tuned for Livestock Updates and Flashes
The
‘Grand’ Grain
Markets
January
Soybeans
Recommended Position Long
429 1/2
Resistance
is at 430 1/2 to 431 1/2
Support
should appear near 424 3/4 to 423 3/4
and 418 1/2 to 416 1/2.
December
Soybean Meal
Recommended Position Long
2 164 avg
Resistance
should appear near the 156.9
to 157.6
Support
is at 153.5 to 152.9.
December
Soybean Oil
Support
is near 1496 to 1484
Resistance
should appear near the 1529 to 1535 .
December
Corn
Resistance should appear near 208 to
208 3/4 .
Support should appear near
203 1/2 under that buyers should emerge near the 195 1/2 to 194
3/4 region..
December
Wheat
Recommended Open Position: Long 282 3/4
Support
should appear near 282 3/4 to 282 and 277 3/4 to 275 1/.2.
Resistance
is at 287 1/2 to 288 1/4.. Beyond that a
test of 292 3/4 to 293 3/4 is likely
Traders should go long if a close over 288 1/4 occurs.
Stay
Tune for Updates and Flashes..
The Satisfying Softs
December
Cotton
Resistance is at 3035 to 3045
December
Coffee
Resistance
should appear near 4425 to 4445 and 4505
to 4515 .
Stay tuned for updates
March
Sugar
Resistance
should appear near 682 to 686 region.
Support
should appear
near 661 to 656 and the 634 to 630 region.
December
Cocoa
Support is at 1005 to 1000.
Under that support should appear near 972 to 968.
Resistance
should appear near 1018 then 1032 to 1036
-A
ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Tuesday
October 23rd, 2001
4:00 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 10-23-2001
Long 10 Dec Yen 8325 avg
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 16 Feb Bellies 6967
Long 10 Dec Wheat 282 1/4
Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 10-23-2001
Short 7 Dec SP500 1083.8 avg
Morning Comment Day Trades
(MC):
http://www.futurescom.com/mcper01.html