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Morning Comments, Thursday
September 20th ,2001
Experienced
Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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We have
dropped 'Morning Comments' coverage of the Energies, Metals and Softs
until next week.
Morning
Comments
Thursday Sept 20th, 2001
12:00 AM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Support should appear near the 8560, an
extended slip under is negative and augurs for an eventual test of the .8499 to 8484
region..
Resistance
should appear near 8589 and 8629 , beyond that sellers
should appear near 8668 to 8683
and cap a rally .
December
Euro FX
Support
is at 9234
and 9156
to 9140..
Resistance
should appear near 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 6270.. ..Above that 6335 to 6350 should Cap any rally for a bit.. ..
Support should appear near 6256 , a close
under is negative and augurs for a test of 6190 to 6179
and 6165.
December
British Pound
Support
should appear near
1.4590 to 1.4530 .. A slip
under augurs for a test of 1.4372 .
Resistance is at
1.4710 and the 1.4840 to 1.4960 region
December
Canadian Dollar
Support
should appear near6350 to 6337 and 6303.
Resistance
is at 6383 and 6417 to 6430
December Australian Dollar
Support is
at 4856 to 4845...
Resistance should appear near 4915 to 4926..
Trade accordingly
Sensational Stock and Bond Market
30 Year December
Bonds
Resistance
should appear near 103-22 and
104-07
Support
is at 103-07 and 102-23, BW traders can buy
at 102-23 and risk a close under 102-06 for three days in a row.
.
Dow Jones Industrial Average
Resistance should appear
near 8764 to 8777 and 8856 to 8871 and the .8934 to 8964 region.. beyond that a test of the 9040 to 9060
region is likely. Beyond that sellers should appear near
9140 to 9156..
Support is near 8683 to
8668 , below that 8589 to 8560 and the 8499 to 8484 region which should contain a decline
December
SP500
Resistance is at 1032 to 1036..
Support should appear near 1005
to 1000 and 993.70 to 992.10 under that buyers should appear near
the 983.70 to 982.20 region...
Nasdaq Composite
Resistance is
at 1529 to 1535 and 1569 to 1576
Support is at 1496 to 1484. Under that 1459 to 1453 should contain the decline
for a bit...
December Mini- Nasdaq 100
Resistance is
at 1232 to 1238 and 1253.
Nearby Support is at 1203 to 1192 and 1169 to1164
The
Lively Livestock Markets
October
Cattle
Support should appear near 6922 to 6907
and the 6837 to 6807region..
Day Traders can Buy at 6837 and hold for higher prices...
.
Resistance
is at
6992 to 7002 and 7072 to 7087..
October
Hogs
Support
is at the 5882 to 5857 and the
5807 to 5792 region... Day traders can buy at 5807 and hold for higher prices..
Resistance
is at 5942 to 5957 and 6022 to 6037
Stay
Tuned for updates
December
Hogs
Support
is at 5432 to 5417 region… Below
that support is at 5357 to 5342..
Resistance
should appear near 5492 to 5507 and
5557 to 5577 .
February Pork Bellies
Support should appear near 7937 region...
Below that buyers should appear near 7867 to 7837 then 7777 to 7762 .. BW
Traders can buy at 7777 and hold for higher prices.. Below that support is at
7687 to 7672
Resistance is
at 8027 to 8047 and the 8117 to 8137 region..
Stay
tuned for Livestock Updates and Flashes
The ‘Grand’ Grain Markets
November
Soybeans
Resistance
is at 477 1/2 to 478 3/4 and 481 1/2.. Beyond that a test of
the 484 1/2 to 485
3/4 region is likely.
Support
should appear near 469 1/2 and the 465 to
464 region. ..
December
Soybean Meal
Resistance
should appear near the 165.5 and
167.1
Support
is at 164.2 Below that
support should appear near 161.5 to 160.9
December
Soybean Oil
Support
is near 1642 then 1615 to
1609.Under that buyers should emerge near the 1576 to 1569 region
Resistance
should appear near the 1689 to 1696
region...
December
Corn
Support should appear near 213 1/2 to 212 3/4
Resistance should appear near
218 and 221 1/4 to 222 3/4.
December
Wheat
Support
should appear near 262 to 261 1/2 .
Resistance
is at 266 1/4 to 267 1/2.
Stay Tune for Updates and Flashes..
--A
ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Thursday
September 20th, 2001
1:00 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.
Bi
Weekly Investment Outlook (BW)
Archives: http://www.futurescom.com/bwparc.htm
Recommended Open positions as of 9-19-2001
Short Dec Yen 8560
Short Dec Swiss Franc 6203
Long Dec Copper 6790
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 March Sugar 687
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Premier
Service
http://www.futurescom.com/premier.htm
Recommended
Open Positions as of 9-19-2001
Short 15 Dec EC 9214 avg
Short 15 Dec Swiss Franc 6230 avg
Long 5 Dec Copper 6950
Long 10 Dec Hogs 5557
Long
10 Nov Beans 491 1/2 avg.
Long 10 Dec Wheat 277 1/2
Long 10 Dec Soymeal 168.3
Long 5 Dec Coffee 5500
Index and MC Program
No Positions