Socio
Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500 - Precious Metals - Energy - Livestock - Grains
- Softs
Sign
up for Instant Flashes Description
of Services
Premier Service
FuturesCom
Investment Publications
Morning
Comments
November 8th, 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
"Accomplishments
will prove to be a journey, not a destination"
--Dwight D. Eisenhower--
Wed November
7th, 2001
3:00 PM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Support should appear near the 8263 and
the 8223 to 8195 region.
Resistance
should appear near 8300 to 8314
December
Euro FX
Recommended open position long at 9000
Support
should appear near the
8934 and the 8871 to 8856 region....
Resistance
is
at 8964 and 9001 and 9044 to 9060
BW traders should go long if a
close over 9044 occurs
December
Swiss Franc
Support should appear near 6068 and 6035
to 6023
BW traders should go long if a close over 6139 occurs.
December
British Pound
Recommended
open position Long 1.4716
Support
should appear near 1.4530
then 1.4486 and 1.4362..
Resistance is at 1.4590 and
1.4662...
December
Canadian Dollar
Recommended open position long at 6360
Support
should appear near the
6225 to 6190 region.
Resistance
is at 6256 to 6270.
December Australian Dollar
Recommended open position long 5142
Support is
at 5127 and 5097 then 5067 to 5036 and the 4995 to 4973 region
Resistance should appear near 5200 to 5211.
The Sensational Bond and
Stock Markets
10 Year
December
T-Note
Resistance
should appear near 112-04 and 112-12 then
112-27
Support
is at 111-22 and 111-12
Dow Jones Industrial Average
Resistance should appear
near 9625 to 9645 and 9707 to 9737.
Support is
at 9542 to 9526
December
SP500
Recommended
open position
Short 2 1075.8 avg
Resistance is at 1130 to
1136 .Beyond that sellers should appear near the 1164 to 1169
region ..BW Traders can sell at 1163.90 for a turn lower, risk a close over 1169
for three days in a row..
Support should appear near
1115.5 and 1101 to 1098.5 and 1096.
Nasdaq Composite
Resistance is
at the 1858 to 1865 region.
Support is at 1822 to 1808.
December Mini- Nasdaq 100
Resistance is
at 1569 to 1576 and the 1609 to 1615 region.
Support is at 1535 to 1529 and 1496 to 1484
Precious
Metals
December
Gold
Recommended Open Position : Long 2
288.9 avg
Support should
appear near the 279.1 and the 277.5 to 275.8 region..
Resistance
is
at 282 to 282.8,
December
Copper
Support should appear near 6035 to 6025 which should contain
the decline for a bit.. Under that a test of 5880 to 5850 is likely..BW Traders can buy at 5885 and hold for higher prices...
Resistance
should appear near 6100 to 6115 and 6165
to 6190
December
Silver
Recommended Position Long
2 at 434.7
Support should appear near 405.5
to 404.5
Resistance
is at 416 to 418
The
Exciting Energies
December
Crude Oil
Resistance
is at 2034 to 2042
and 2080 to 2088
Support
is at 1996 to 1982 and 1953 to 1946, BW traders can buy at 1946 and hold for higher
prices, risk a Close under 1858 for three days in a row.
BW Traders should go long if a close over 2042 occurs..
December Unleaded Gas
Recommended
open position Long 5360
Support should appear near 5355 to 5340..
Below that buyers should appear near 5210 to 5200
and the 5140 to 5125
region .
Resistance
is at the 5490 to 5505.
Stay tuned for Updates..
December
Heating Oil
Recommended
open position long at 6190
Resistance
is at 5790 to 5805 and 5855 to 5880.
Support
should appear
near
5655 to 5640 and the 5580 to 5550 region.
Trade Accordingly
The
Lively Livestock Markets
December
Cattle
Support should appear near 6512 to 6482
and 6432 to 6417
Resistance
is at 6577
to 6592 and 6657 to 6672
December
Hogs
Recommended open position Long at 5142
Resistance
is at 5127 to 5142 and 5197 to 5212
February Hogs
Recommended open position long at 5297
Support
is at 5357 to 5347and 5287 to 5257. Under that buyers should appear near the
5212 to 5197 region ..
Resistance
is at 5417 to 5432
February Pork Bellies
Recommended open position Long at 7172
Support should
appear near 7172 to 7142 then 7087 to 7072 and 7002 to 6987 .
Resistance
is
at 7242 to 7257 and 7327 to 7342.
Stay
tuned for Livestock Updates and Flashes
The
‘Grand’ Grain
Markets
January
Soybeans
Recommended
open position Long 440
Resistance
is at 442 1/2 to 444 3/4 and 450 1/2 to
451 1/2
Support
should appear near 438 1/4 to 437
and 430 1/2 to 430
December
Soybean Meal
Recommended
open position Long 2 164.0
Resistance
should appear near 162.8 and 164.2
to 165.5
Support
is at 161.5 to 160.9 and 159.1
December
Soybean Oil
Support
is near 1576 to 1569
Resistance
should appear near 1609 to 1615
December
Corn
Resistance should appear near 203 1/2
to 204 1/4 .
Support should appear near
the 199 3/4 to 198 1/2
December
Wheat
Recommended open position Long at 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 and 292 3/4 to
293 3/4
Aggressive BW 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 3315 to 3330 and 3375 to 3385
Dec
Coffee
Resistance
should appear near the
4845 to 4855 region.. Beyond that a test of 4975 to 4995 is likely
March
Sugar
Resistance
should appear near 723 and 735 to 738
Support
should appear
near 712 to 704 and 686 to 682
December
Cocoa
Support is at 1036 to 1032 and
1005 to 1000
Resistance
should appear near 1058 to 1068
--A
ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Wed
November 7th, 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 11-7-2001
Long 5 Dec Yen 8244
Long 5 Dec Swiss Franc 6139
Short 10 Dec SP500 1106
Long 10 Dec Gold 282
Long 15 Dec Hogs 5325
Long 5 Feb Pork Bellies 7080
Long 10 Dec Wheat 285 3/4 avg
Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 11-7-2001
Short 2 Dec SP500 1063.30
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html