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Morning Comments, Monday September 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
"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
Sunday Sept 16th, 2001
9:00 AM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Support should appear near 8589 to
8560 and the 8499 to 8484 region..
Resistance
should appear near the 8668 to 8683 and the 8762 to 8777 region.
December
Euro FX
Support
is at 9156
to 9140
Resistance
is
at should appear near 9234and the 9316 to 9347 region...Above that resistance is
at 9429 to 9445.. BW Traders can sell at 9428 for a turn lower, risk a close
over 9469 for three days in a row..
December
Swiss Franc
Resistance
should appear near 6190 and the
6256 to 6270 region.. ..Above that 6335 to 6350 should Cap any rally for a bit..
Support should appear near 6165 then 6113
to 6101, a slip under augurs for an eventual test of 6035 to 6023.
December
British Pound
Support
should appear near
1.4590 to 1.4530 .. A slip
under augurs for a test of 1.4372 and the 1.4210
to 1.4150 region. BW Traders can buy at 1.4120 and risk a close under 1.4140 for three
days in a row..
Resistance is at 1.4710 and the 1.4840 to 1.4960 region
December
Canadian Dollar
Support
should appear near the 6350 to
6337 region.
Resistance
is at 6483 and the 6417 to 6430
region.
December Australian Dollar
Support is
at 5067 to 5056 region..Below that a test of 4995 to 4973
is likely
Resistance should appear near 5139 then 5171 and the 5200 to 5211 region
Sensational Stock and Bond Market
30 Year December
Bonds
Resistance
should appear near 106-07 to 106-12 then
107-07
Support
is at 105-22 then 105-12and 104-22 and the 104-12 to 104-07
region..
Dow Jones Industrial Average
Resistance should appear
near 9625 to 9641 and 9822 to 9837, beyond that a test of the 9921 to 9937
region is
likely. A close over 9937 is
friendly and augurs for an eventual test of 10,021 to 10,037 and the 10,104 to
10,136 region is likely..
Nearby Support is at 9445 to 9429 then under that buyers should appear near 9347 to 9316, below that critical support is near 9234 and the 9156 to 9140 region.. Below that buyers should appear near 8964 to 8934 and the 8871 to 8856 region…
December
SP500
Resistance is at 1096 to 1101,
An extended trade over or close over is friendly and augurs for an eventual test
of 1130 to 1136.
Support should appear near 1068.00 to 1058.00, an extended trade under is negative and augurs for a test of 1036.00 to 1032.00 then 1005.00 to 1005.00 while buyers should appear near the 972.00 to 968.00 region.
Nasdaq Composite
Resistance is
at 1731 to 1738 region.. a close over 1738 is friendly and
augurs for a test of
1774 to 1780 and eventually the 1808 to 1822 region.. Beyond that sellers should
appear near 1902 to 1909
and should Cap a rally for a bit.
Support is at 1615 to 1609 and 1535 to 1529. Below that buyers should
appear near 1496 to 1484.. Under that 1459 to 1453 should contain the decline
for a bit...
December Mini- Nasdaq 100
Resistance is
at 1377 to 1383 and the 1415 to 1421 region.. An extended trade over 1421 is
friendly and augurs for a test of 1453 to 1459 and eventually 1484 to 1496
region.. Beyond that Sellers should appear near 1529 to 1535 and the 1569 to
1576 region..
Support is at 1310 to 104 , under that buyers should appear near 1274 to 1268, failure there augurs for a test of the 1238 to 1232 region. Below that support should appear near 1203 to 1192, while buyers should come out of the woodwork near the 1169 to 1164 region.
Precious
Metals
December
Gold
Support should
appear near 282.9 to 282 , under that support is at 277.5 to 275.8
and 272.4 to 271.6.
Resistance is at the to 297.2 to 299. Beyond that sellers should appear near 303.6 to 304.5. Beyond that a test of 309.2 to 310.2 is likely ..
Trade Accordingly and
tuned for updates..
December
Copper
Support should
appear near 6590 to 6575 and 6510 to 6480 . Below that 6430 to 6415 should
contain a decline for a bit..Under that buyers should appear near the 6350 to
6335 region.
Resistance should appear near 6655 to 6670 and the 6740 to 6755 region .. Beyond that sellers should appear near 6805 to 6835. A close over is friendly and augurs for an eventual test of 6990 to 7005...
December
Silver
Support should
appear near 425 to 423.5 and the 418.5 to 416 region Which should
contain a decline for, a bit.. Below that buyers should appear near 405.5 to
404.5 BW
Traders can buy at 404.5 and risk a close under 398 for three days in a
row.
Resistance is at 437 to 438 .. Beyond
that an eventual test of the 442.5 to 444.5 region is likely
The
Exciting Energies
Crude Oil
November
Crude Oil
Resistance
is at 2990 and 3036 to 3045.. Beyond that
sellers should appear near 3092
to 3102 and the
3148 to 3157 region.. BW Traders can sell at 3148 and risk a close over 3213 for
three days in a row....Above that
3319 to 3328 should cap a rally for a bit..
Support is at 2937
to 2928.. A slip under 2928 is negative and augurs for a test of 2883
to 2874 and eventually the 2829 to 2830 region.. which should contain a decline
for a bit..
October Unleaded
Gas
Support should appear near 8560 and 8500
to 8585 under that buyers should appear near 8410 to 8390 and the 8300 to 8315
region... A close under augurs for a test of 8045 to 8030.
Resistance is at the 8665 to 8685 and 8760 to 8775..
Above that sellers should appear near
8935 to 8965.
Stay tuned for Updates ..
October
Heating Oil
Resistance is at should appear near the
8390 to 8405 region.. Above sellers should appear near 8480 to 8500 then 8560 to
8580 and the 8760 to 8775 region .. Beyond that 8855 to 8870 should cap a rally.
Support
should appear
near 8225 to 8190 and the 7955 to 7935 region.. A close under 7935
is negative and augurs for a test of 7777 to 7763 .. Below that support is at
7689 to 7675..
Trade Accordingly
The
Lively Livestock Markets
October
Cattle
Support should appear near 7087 to 7072
and the 7002 to 6987 region..
Resistance
is at
7142 to 7172 and 7242 to 7257..
October
Hogs
Support
is at the 6037 to 6022 and 5957 to 5942
Resistance
is at 6112. An extended trade or close over 6112 is friendly and
augurs for another test of 6167 to 6192 and eventually the 6257 to 6270 region ...Above that a
trade towards 6337 to 6352 is likely…
.
Stay
Tuned for updates
December
Hogs
Support
is at 5652 to 5637 and the 5577 to
5552 region..
Resistance
should appear near 5717 to 5732 and
the 5792 to 5807 region.
February Pork Bellies
Support should appear near 8222 to 8197
and 8137 to 8112.. Below that buyers should appear near 8042 to 8027
Resistance is
at 8302 to 8317 region.. Beyond that sellers should appear near 8392 to 8407 and
8487 to 8502 region.
Stay
tuned for Livestock Updates and Flashes
The ‘Grand’ Grain Markets
November
Soybeans
Resistance
is at 477 1/2 to 478 3/4.. Beyond that a test of
the 484 1/2 to 485
3/4 region is likely.
Support
should appear near
471 1/2 to 469 1/2 and the 465 to 463 3/4 region.
December
Soybean Meal
Resistance
should appear near the 168.9 to
169.6
Support
is at 165.5 to 164.2 Below that
support should appear near 161.5 to 160.9
December
Soybean Oil
Support
is near 1615 to
1609.Under that buyers should emerge near the 1576 to 1569 region
Resistance
should appear near the 1642 to 1655... A
close over is friendly and augurs for a test of 1689 to 1696
December
Corn
Support should appear near 222
3/4 to 221 3/4 and 218 1/2 to 217
Resistance should appear near
227 1/2 to 226 3/4 and the 231 1/2 to 232 region.
December
Wheat
Support
should appear near 272
1/2 to 271 3/4 and 267 1/4 to 266 1/4.
Resistance
is at 275 3/4 to 277 1/2.
Stay Tune for Updates and Flashes..
The Satisfying Softs
December
Cotton
Support should appear near 3745 to 3730
and 3625 to 3615 then 3565 to 3550..Under that Buyers should appear
near 3503 to 3493..BW Traders can buy at 3505 and risk a close under 3375 for
three days in a row.
Resistance is at 3858 to 3867 and 3910 to 3920 . Beyond that sellers should
appear near 3982 to 3992 and
the 4046 to 4056 region..
December
Coffee
Support is near the 5120 and 5070
to 5035..Under that 4925 to 4915 should contain a decline for a bit..
Resistance
should appear near 5200 to 5210 and 5255
to 5280.. Beyond that a test of 5345 to 5355 is likely ..
Stay tuned for updates
March
Sugar
Resistance
should appear near 763 to 767 and the 791
to 795 region. Beyond that 814 to 823
should cap a rally for a bit..BW Traders can sell at 814 and risk a close over
835 for three days in a row.. Beyond that sellers should appear near 847 to 852
Support
should appear near 738 to 735 and 712 to
704..Below that buyers should appear near 686 to 682..
BW Traders can buy at 687 for a good bounce and risk a close under 655 for
three days in a row..
December
Cocoa
Support is at the 912 to 907
region.. Under that support should appear near 882 to 877 and the 852 to 847
region. which should contain a decline basis the close . .
Resistance should appear near 932
to 941 , a close over 941 is friendly and augurs for a test of 968 to 972
and
1000 to 1005..
--A
ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Sunday
September 16th, 2001
12:15 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.
Bi
Weekly Investment Outlook (BW)
Archives: http://www.futurescom.com/bwparc.htm
Recommended Open positions as of 9-14-2001
Short Dec Yen 8560
Long 2 Sept SP500 1138.40 avg.
Long
Dec Gold 277.6
Long Dec Copper 6790
Long Dec Silver 424
Short Oct Unleaded Gas 8195
Long 2 Dec Hogs 5632 avg.
Long Oct Hogs 6042
Long Nov Beans 486
Long 2 Dec Soymeal 167.7 avg.
Long Dec Corn 227 3/4
Long Dec Wheat 291 3/4
Long Dec Coffee 5305
Long Dec Cocoa 942
-----------------------------------------------------------------------------------------
Morning Comments (MC)
Archive http://www.futurescom.com/mcper01.html
Recommended Open Positions
as of 9-14--2001
Long 2 Sept Sp500 1127.2
------------------------------------------------------------------
Premier
Service
http://www.futurescom.com/premier.htm
Recommended
Open Positions as of 9-14-2001
Short 5 Dec EC 9168
Long 5 Dec SP500 1171
Long
5 Dec Gold 278.4
Long 5 Dec Copper 6950
Long 10 Dec Hogs 5540
Long
10 Nov Beans 491 1/2 avg.
Long 10 Dec Wheat 277 1/2
Long 5 Dec Soymeal 169.5
Long 5 Dec Coffee 5500
Index
Program
Archives: http://www.futurescom.com/index01.htm
Recommended Open position as of 09-14-2001
Long 4 Sept SP500 1117.50.