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FuturesCom
Investment Publications
Morning Comments
October 30Tth 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
Monday Oct 29th, 2001
4:25 PM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Recommended Position: Long 2 , 8198 avg
Support should appear near 8168 and
8135 to 8119
and the 8044 to 8029 region.
Resistance
should appear near 8225 and 9268.. Beyond that sellers should appear
near 9316.
December
Euro FX
Recommended position Long 9019
Support
is
near 9004 and the 8964 to 8934 region...
Resistance
is
at 9044 to 9060and the 9100 region..
Recommended position Long 6134
Support should appear near the 6113
to 6101 and 6068
December
British Pound
Recommended Position Long 1.4716
Support
should appear near 1.4436
then 1.4362 and the 1.4210
to 1.4150 region, which should contain a decline..
Resistance is at 1.4530 to
1.4590.
December
Canadian Dollar
Recommended open position: Long 6360
Support
should appear near the 6337 and 6270 to 6256 region.
Resistance
is at 6350 and 6383.
December Australian Dollar
Support is
at 4995 to 4973
Resistance should appear near 5052 to 5067 .
The Sensational Bond and
Stock Markets
30 Year
December
Bonds
Resistance
should appear near 108-04 . Above that sellers should appear
near 108-22. BW Traders can sell at 108-22 for a turn lower, risk a close
over 109-14 for three days in a row.
Support
is at 107-22 then 107-14 and 107-07.
Dow Jones Industrial Average
Resistance should appear
near 9316 to 9347 and 9429 to 9445.
Support is at 9236 and the 9156 to 9140 region.
December
SP500
Recommended Position
Short 1084.3
Resistance is at 1082 then 1089 and 1096
to 1101.
Support should appear near 1068 to 1063 and
1058
Nasdaq Composite
Resistance is
at 1713 and 1731 to 1738.
Support is at 1696 to 168 and the 1655 to 1642 region.
December Mini- Nasdaq 100
Support is at
1346 to 1334
Resistance is at 1377 to 1383 and the 1415 to 1421 region.
Precious
Metals
December
Gold
Recommended Open Position : Long 2
288.9 avg
Support should
appear near 277.5 to 275.8..Under that buyers should appear near
272.5 to 271.6..Below that support should appear near 262 to 261.2
Resistance
is
at 282 to 282.8
Trade
Accordingly and tuned for updates..
December
Copper
Support should appear near 6270
to 6255 then 6190 to
6165 and 6115 to 6100
Resistance
should appear near 6350 and 6415 to
6430 and 6485 to 6505
December
Silver
Recommended Position Long
458.5
Support should appear near
418.5 to 416.5 and the 412 to 411 region which should contain a decline for a
bit.
BW 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
recommended
position long 2185
Resistance
is at
2219 to 2226 and 2267 to
2275 .
Support
is at 2185 to 2170 then 2134 to 2126..
BW Traders should go long if a close over 2247 occurs..
December Unleaded Gas
Support should appear near 5855..Under
that 5805 to 5790 should hold for a bit. Below that buyers should appear
near 5655 to 5640..
Resistance
is at the 5945 to 5960 and 6025
to 6040
Stay tuned for Updates..
December
Heating Oil
Resistance
is at 6350 and 6415 to 6430 then 6485 to 6510.. Beyond that an eventual test of
6655 to 6670 is likely. ..
Support
should appear
near 6270 to 6255 under that support is at 6190 to 6165 and
the 6035 to 6020 region..
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 6757 to 6742
and 6672 to 6652..
Resistance
is at 6807
to 6837.
December
Hogs
Support
is at 4927 to 4912 and 4857 to
4842
Resistance
is at 4972 to 4997 and 5037 to 5067
February Pork Bellies
Recommended Position:
Long 2 6760
Support
should
appear near 6757 to 6742 and the 6672 to 6657region.. Under that 6592 to 6577
should hold.
Resistance
is
at 6807 to 6837, beyond that resistance should appear near 6907 to 6917... Above
that sellers should
surface at 6992 to 7002.
Stay tuned for Livestock Updates and Flashes
The
‘Grand’ Grain
Markets
January
Soybeans
Recommended Position Long
429 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 and 424 3/4 to 423 3/4
BW Traders should go long if a close over 438 1/4 occurs.
December
Soybean Meal
Recommended Position Long
2 164 avg
Resistance
should appear near 160.9
to 161.5
Support
is at 159.1 and 157.6 to 156.9
December
Soybean Oil
Support
is near 1496 to 1484
Resistance
should appear near the 1529 to 1535 .
December
Corn
Resistance should appear near 204 1/4
and 206 1/2.
Support should appear near 199
3/4 to 198 1/2
December
Wheat
Recommended Open Position: Long 2 285 3/4 avg
Support
should appear near 288 1/2 to 287 1/2 then 282 3/4 to 282
Resistance
should appear near the 292 3/4 to 293 3/4
region
Stay
Tune for Updates and Flashes..
The Satisfying Softs
December
Cotton
Resistance is at 2925 to 2945 and 2970 to 2990
December
Coffee
Resistance
should appear near 4445 and 4505
to 4515 .
Stay tuned for updates
March
Sugar
Resistance
should appear near 682 to 686 .
Support
should appear
near the 661 to 656 region.
December
Cocoa
Support is at 986 .. Under that
buyers should appear near 972 to 968.
Resistance
should appear near 1000 to 1005 then 1018 and 1032 to 1036
-A
ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Monday
October 29th, 2001
4:45 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 10-29-2001
Long 10 Dec Yen 8325 avg
Long 20 Dec Swiss 6147 avg
Long 30 Dec EC 9024 avg
Short 10 Dec SP500 1090.50 avg
Long 15 Dec Gold 286.1 avg
Long 10 Dec Hogs 5392
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 10-29-2001
None
Morning Comments ( Day Trades )(MC)
http://www.futurescom.com/mcper01.html