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- Softs
Premier Service
Description
of Services
FuturesCom
Investment Publications
Morning
Comments Thursday November
29th 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
Morning
Comments
Wed November 28th, 2001
4:15
PM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Support should appear near 8119 and
8081 below that buyers should emerge from the woodwork near 8044 to 8029
Resistance
should appear near 8164 and the 8194 to 8225 region.
December
Euro FX
Recommended open position long 2 at 8910
Support
is at
8856 then 8818 and 8777
to 8762 ..
Resistance
is
at the 8901 and the 8934 to 8964 region
December
Swiss Franc
Recommended Open Position Long at 6035
Support should appear near 6068
and 6034 to
6023.
December
British Pound
Support
should appear near 1.4210
to 1.4150 and 1.4086
Resistance is at 1.4286 and
1.4336
December
Canadian Dollar
Recommended position long at 6360
Support
should appear at 6305 and 6270 to 6256
Resistance
is at 6337 to 6350
December Australian Dollar
Support is
5211 to 5200 and 5178
Resistance should appear near 5255 to 5280 .
The Sensational Bond and
Stock Markets
March
10 Year
T-Note
Support
is at 105-12 to 105-07 then 104-30
and 104-23
Dow Jones Industrial Average
Resistance should appear 9737 and
9783 beyond that resistance is should appear near 9821 to 9837
Support is
at 9706 and 9641 to 9625
December
SP500
Recommended Position
Short 4 1094.70
Resistance should appear near the 1130
to 1133 and 1136 , beyond that sellers should appear near 1150 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
1115.50 and the 1101 to 1096 region.
Nasdaq Composite
Resistance should
appear near the 1902 to 1909 and the 1946 to 1953 region. Beyond that 1982 to 1996 should
cap a rally for a bit..
Support is at 1882 , a slip under is negative and augurs for a test
of 1865 to 1858
December Mini- Nasdaq 100
Resistance is
at 1569 to 1576 and 1609 to 1615 then 1642 to 1655
Support is at 1535 to 1529 and the 1496 to 1484 region.
Precious
Metals
Feb
Gold
Recommended Open Position : Long
2 at 274.6 avg
Support should
appear near 272.5 to 271.6 Below that buyers should appear near
267.2 to 266.3 and the 262 to 261.2 region
Resistance
is
at 277.5, a close over
277.5 is friendly and
augurs for a test of 282 to 282.8..
Resistance
should appear near
7170 and 7240 to 7255.. Beyond that a test of 7325 to 7345 is
likely. .
Support
should appear near 7090 to 7075 and 7005 to
6990 .
March Silver
Recommended Position Long
at 406
Support should appear near the
412.5 to 411.5 and 405.5 to 404.5 then 399 to 397 .
Resistance
is at 416.5 to 418.5 and 423.5 to 424.5
The
Exciting Energies
January
Crude Oil
Resistance
should appear near 1946 to 1953 then 1982 to 1995 and 2034 to 2042
Support
is at 1909 to 1902 and 1865 to 1858 then 1822 to 1808.
January Unleaded Gas
Support should appear near 5355 to 5345
and 5280 to 5250
Resistance
is at 5555 to 5575
and 5640 to 5655
Stay tuned for Updates..
January
Heating Oil
Resistance
is at 5490 to 5505 and the 5550 to 5575 region .. Beyond that sellers should
appear near
5715 to 5730 and 5790 to 5805
Support
should appear
near 5355 to 5345 then 5285 to 5255 and 5210 to 5200
Trade Accordingly
The
Lively Livestock Markets
Feb
Cattle
Support
should appear near 7002 to 6987 and 6922
to 6907
Resistance
is should
appear near 7072 to 7087.BW Traders can sell at 7072 for a turn lower and risk a
close over 7172 for three days in a row.
February Lean Hogs
Support is at 5432 to 5417 and
5357 to
5347
Resistance
is at the 5492 to 5507 region.. Beyond that a test of 5552 to
5577 is likely
February Pork Bellies
Support
should
appear near 7862 to 7832 and 7777 to 7762 under that 7687 to 7672
should hold...
Resistance
is
at 7937 to 7957 and the 8027 to 8047
region..
Stay
tuned for Livestock Updates and Flashes
The
‘Grand’ Grain
Markets
January
Soybeans
Recommended
Position Long 444 3/4
Resistance
is at 437 to 438 1/4
Support
should appear near 430 1/2 to 430
January
Soybean Meal
Resistance
should appear near the 152.9
to 153.5 .
Support
should appear near 149.6
to 148.4
January
Soybean Oil
Support
is near 1576 to 1569
Resistance
should appear near 1609 to 1615
March
Corn
Resistance should appear near 212 3/4
to 213 1/2
Support should appear near
the 208 1/2 to 208.
March
Wheat
Recommended Open Position Long 2 at 287 3/4 avg
Resistance
is at 287 1/2 to 288 3/4 beyond that
a test of 292 3/4 to 293 3/4 is likely
The Satisfying Softs
March
Cotton
Resistance is at the 3795
to 3805 region..Beyond that a test of 3855 to 3865 is likley.
March Coffee
Support is
near 4580 to 4570 and the 4445 to 4425 region.
Resistance
should appear near the 4695 to 4715 and
4775 to 4785
March
Sugar
Resistance
should appear near the 763 to 767 region... Beyond that a test of 791 to 795 is
likely.
Support
should appear
near 751 then 739 to 735 and 723
March
Cocoa
Resistance
is at the 1304 to 1310 region. Beyond that a test of 1334 to 1345 is
likely.
Support
is at 1274 to 1268 and 1253 under that 1238 to 1232 should
hold ..
A
Ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Wed
November 28th, 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 11-28-2001
Long 10 Dec EC 8958
Long 10 Dec Swiss Franc 6039
Short 5 Dec SP500 1140
Long 10 Feb Gold 274.0
Long 20 Jan Beans 445 3/4 avg
Long 20 March Wheat 287 3/4 avg
Long 5 Dec Hogs 5030
Long 5 March Coffee 4905
Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 11-28-2001
Short 8 Dec SP500 1122.60 avg
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html