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FuturesCom Investment Publications
 Morning Comments Wednesday November 23rd 2001
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Morning Comments 
Friday November 23rd, 2001
6:00 AM

                                             Financial Markets 

 On the Frenzied Forex Front
December Japanese Yen
 Support should appear near 8044 to 8029..BW Traders can buy at 8045 for a turn higher and risk a close under 7955 for three days in a row.

Resistance should appear near  8119 to 8134  a close over is friendly and augurs 'pop' towards the  
8195 to 8823 region. 

BW Traders should go long if a close over 8134 occurs

December Euro FX
 Recommended open position  long 2 at 8910
 Support is at  8777 to 8762 .and  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 8856 to 8871.   

December Swiss Franc
 Recommended Open Position Long at 6035  
Resistance should appear near 6023 to 6035 and  6068 .   
Support should appear near 5957 to 5945 region.  

December  British Pound
Recommended Position Long 1.4716
Support should appear near 1.4086 and 1.3990 
 Resistance is at  1.4150 to 1.4190

December Canadian  Dollar
 Recommended position long at 6360
Support should appear at 6256 and 6223 
Resistance is at 6270 then 6305

December Australian Dollar
Support is at 5139 to 5127.
Resistance should appear near 5200 to 5210. 

The Sensational Bond and Stock Markets

March 10 Year  T-Note
 Resistance should appear near 105-28 and 106-02. 
Support is at 105-12 and 104-22 to 104-12

Dow Jones Industrial Average

Resistance should appear near 9822 to 9827 and 9921 to 9937

Support is at 9783 then 9737 to 9707 

December SP500
Recommended Position Short 4 1094.70
 Resistance is at 1143 then 1150 to 1154.2 and the 1164 to 1169 region ..BW  Traders can sell at 1166.40 for a turn lower, risk a close over 1169 for three days in a row.. 
Support should appear near 1136 to 1130.

Nasdaq Composite
Resistance is at  1882 and 1902 to 1909 then 1946 to 1953 
Support is at 1865 to 1858 

December Mini- Nasdaq 100
Resistance is at 1569 to 1576 then 1609 to 1615 and 1642 to 1655
Support is at 1535 to 1529   

                                                              Precious Metals

Closed Friday

                                    The Exciting Energies  
Closed Friday

The Lively Livestock Markets

Feb Cattle
Support should appear near 6907 then 6837 to 6807.
 Resistance is at 6987 to 7002 and  should cap a rally for a bit.

 February Lean Hogs
 Support  is at 5357 to 5347 and 5287 to 5257. Under that buyers should appear near the 5212 to 5197 region 
BW Traders can buy at 5297 and risk a close under 5197 for three days in a row.
Resistance is at 5417 to 5432 and the 5492 to 5507 region.. 

February Pork Bellies
Support should appear near 7342 to 7327 then 7257 to 7242 and the 7172 to 7142 region...
BW Traders can buy at  7172 and hold for higher prices.. 
  
Resistance is at 7412 to 7427 then 7482 to 7512 and the 7587 to 7602 region 
     
                                               Stay tuned for Livestock Updates and Flashes

                                                  The ‘Grand’ Grain Markets
January Soybeans
 Recommended Position Long 444 3/4
 Resistance is at 457 1/4 to 458 1/2 . 
Support should appear near 450 1/2 then 444 3/4 to 442 1/2 and 438 1/4 to 437.

BW Traders go long if a close over 458 3/4 occurs.. 

December Soybean Meal
Recommended Position Long 161.5
Resistance should appear near the 164.2 to 165.5 .
Support should appear near 161.5 to 160.9.

January Soybean Oil
Support is near 1655 to 1642 and 1615 to 1609
Resistance should appear near 1689 to 1696 

March Corn
 Resistance should appear near 221 3/4 to 222 3/4 , a close over is friendly and augurs for a test of 226 3/4 to 
227 1/2  
 Support should appear near the 218 1/2 to 217..   

December Wheat  
Recommended Open Position Long 2 at  286 avg 
Nearby Support should appear near 287 1/2 then 282 3/4 to 282 and should contain a decline...

Resistance is at  292 3/4 to 293 3/4 

Aggressive BW Traders should go long if a close over 293 3/4 occurs.. 

March Wheat
Recommended open position Long at 290  
 Support should appear near 297 1/2 then 293 3/4 to 292 1/2 and the 288 1/4 to 287 region  
Resistance is at the 303 3/4 to 304 1/2 region

BW Traders should go long if a close over 304 1/2 occurs.

The Satisfying Softs

closed Friday

A Ship in Harbor is Safe.. But that's not what ships are built for --

Happy Trading !
Bill ! 

Friday November 23rd, 2001  
7:15 AM

THIS PUBLICATION CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS 
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 11-20-2001
Long 10 Dec EC 8958
Short 10 Dec SP500 1137.20 avg
Long 10 Dec Gold 282
Long 10 Jan Beans 452 1/2
Long 10 Dec Wheat 285 3/4 avg
Long 10 March Wheat 290
Long 25 Dec Hogs / Short 25 Feb Hogs + 495
Long 5 Feb Pork Bellies 7390
Long 5 March Coffee 4905

Index Program 
http://www.futurescom.com/index01.htm
Recommended Open Position as of 11-20-2001
Short 4 Dec SP500 1092.80 avg

Morning Comment  Day Trades (MC):
http://www.futurescom.com/mcper01.html
 

                                                    Thanksgiving Holiday Schedule
 
All Markets are Closed on Thursday. November 22nd.  The following schedule details early  closings and holiday-suspended trading for U.S. markets  Wednesday, Nov. 21, and Friday, Nov. 23. 
 
CBT: Chicago Board of Trade agricultural and interest rate contracts will close at 1200 CT Wednesday and Friday. Stock index contracts will observe normal trading schedules Wednesday, but will close at 1215 CT Friday. Electronic a/c/e trading for financials and metals will close at 1230 CT Wednesday. All other a/c/e trading will close at its normal time. Overnight a/c/e trading will be closed Wednesday. On Thursday, overnight a/c/e trading will be closed for mini-sized precious metals futures. Electronic a/c/e trading will reopen at its normal evening times for all other contracts. On Friday, a/c/e trading will be closed for mini-sized precious metals futures. Agricultural a/c/e contracts will close at their normal time of 0600 CT, with stock index contracts at 1215 CT and financials and other precious metals contracts at 1230 CT. 

CME: Chicago Mercantile Exchange agricultural, currency and interest rate contracts will close at 1200 CT Wednesday and Friday for pit and Globex2 electronic trading. Equity contracts will trade normal hours Wednesday for both pit and Globex2, but will close at 1215 CT Friday. On Thursday, Globex2 will halt trading at 1030 CT and resume at 1730 ET. 
 
KCBT: Kansas City Board of Trade wheat futures and options will close at  1200 and 1210 CT, respectively, Wednesday and Friday. Stock index contracts will trade normal hours Wednesday but will close at 1215 CT Friday. 

MGE: Minneapolis Grain Exchange futures will close at 1210 CT Wednesday and Friday, with options closing at 1215 CT. 

MIDAM: The CBT's MidAmerica Commodity Exchange livestock, currency and 
eurodollar contracts will close at 1215 CT Wednesday and Friday, with grain 
contracts closing at 1230 CT those days. 

NYBOT: The New York Board of Trade listed these closings for its subsidiaries: 

CSCE: The Coffee, Sugar and Cocoa Exchange will be closed Friday. 

FINEX: The Financial Instrument Exchange's New York day session will close at 1300 ET Wednesday and Friday for all products. Dublin will trade its usual hours Wednesday and Friday. 

NYCE: The New York Cotton Exchange's cotton and frozen concentrated orange juice contracts will be closed Friday. 

NYFE: The New York Futures Exchange will trade regular hours Wednesday except for the CRB, which will close at 1315 ET. All contracts will close at 1315 ET Friday. 

NYMEX: All New York Mercantile Exchange contracts will be closed Friday. Access trading will be closed Wednesday and will reopen at 1900 ET Sunday. NYSE: The New York Stock Exchange will close at 1300 ET Friday.