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FuturesCom Investment Publications
 Morning Comments,  December 5th, 2001
 Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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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 , 
Tuesday December 4th, 2001
5:00  PM

                                            Financial Markets 

 On the Frenzied Forex Front
December Japanese Yen
 Support should appear near the 8044 to 8029 region..
Resistance should appear near 8081 then 8119 to 8134 and the 8195 to 8223 region. 

BW Traders should go long if a close over 8134 occurs

December Euro FX
Recommended open position long 8902
 Support is at  8871 to 8856 and 8818. 
BW Traders can buy at 8818 for a bounce, risk a close under 8762 for three days in a row.. .

Resistance is at 8901 and 8934 to  8964..A close over is friendly and augurs for a an eventual test of  9044 to 9060  
Aggressive BW traders should go long if a close over 8964 occurs..stay tuned for Updates…  

December Swiss Franc
Recommended open position long 6068
Resistance should appear near 6068 and 6101 to 6113.. 
Support should appear near the  6023 and 5998  

 December  British Pound
Support should appear near 1.4150 and should contain a decline  
 Resistance is at 1.4210 and 1.4286 then 1.4336

December Canadian  Dollar
Support should appear at 6337 and 6270 to 6256...BW  Traders can buy at 6305 and risk a close under 6255 for three days in a row.  

Resistance is at 6417 to 6430. 

 December Australian Dollar
Recommended open position long at 5176
Support is at 5139 to 5127. Below that buyers should appear near 5067 to 5036 and the 4995 to 4973 region .. 
Resistance should appear near 5200 to 5211 and 5250 to 5282, a close over is friendly and augurs for a test of the 
5345 to 5355  region..

BW Traders should go long if a close over 5282 occurs


                                                                  Stay tuned for Forex Updates
 
The Sensational Bond and Stock Markets

March 10 Year  T-Note
 Resistance should appear near 107-23 and the 108-09 region.
 Support is at 107-07 and 106-22 then 106-12   

Dow Jones Industrial Average
Resistance should appear near the 9921 to 9937 region. Beyond that sellers should appear near 10,021 to 10,037 and the 10104 to 10136 region. and Cap the Rally for a bit
.  
Support is at 9879 and 9837 to 9821    

December SP500
Recommended Position Short 5 1101.70 avg
 Resistance 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.. Beyond that a test of 1180.50 and the 1192 to 1203 region is likely. 

Support should appear near 1136 to 1133 and 1130,  another  slip under is negative and  indicates a test of 1115.5 and eventually the 1101 to 1096 region.. .

Nasdaq Composite
Resistance is at 1982 to 1996  region.Beyond that a test of 2034 to 2042 is likely. .
Support is at 1953 to 1946   

December Mini- Nasdaq 100
Resistance is at 1642 to 1655 and 1689 to 1696
Support is at 1615 to 1609. 

                                                              Precious Metals

February  Gold
 Recommended Open Position : Long 2 at  275.7 avg
 Support  should appear near 275.5 and 272.5 to 271.6  
 Resistance is at 277.5 and the 282 to 282.8 region.  

March Copper
Support should appear near 7070.  Under that 7005 to 6990 should hold. BW Traders can buy at 7005 and risk a close under 6805 for three days in a row, Below that 6755 to 6740 should contain a decline
Resistance should appear near 7140 to 7170 then 7240 to 7255 and the 7325 to 7345 region... 

March Silver
Recommended open position long at 423.5
Support should appear near  the 412.5 to 411 region. BW  Traders can buy at 412.5 and hold for higher prices.. Under that support should appear near 405.5 to 404.5,  which should contain a decline for a bit..
 Resistance is at 417 to 418.5 .
  

                                    The Exciting Energies  

January Crude Oil
 Support should appear near 1909 to 1902 and 1865 to 1858
Resistance is at the 1946 to 1953 region 

January Unleaded Gas
 Support should appear near 5355 to 5345 and the 5285 to 5260 region. . 
Resistance should appear near 5430 then 5405 to 5505 and the 5555 to 5580 region.  

Stay tuned for Updates..    

January Heating Oil
 Resistance is at the 5355 and 5415 to 5430 then 5485 to 5505..
Support should appear near 5285 to 5255 and 5210 to 5200   

 Trade Accordingly

The Lively Livestock Markets

Feb Cattle
Support should appear near the 6922 to 6907 region.. 
 Resistance is at 6992 to 7007 and 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
Recommended position long at 5297
Support should appear near 5287 to 5257 and the 5212 to 5197 region. .
Resistance is at  5342 to 5357 and 5417 to 5432  

.
February Pork Bellies
Recommended Open position long 7607
Support should appear near the 7427 to 7432 region..BW  Traders can buy at 7432 for a bounce and risk  a close under 7327 for three days in a row. Below that 7257 to 7242 should contain a decline. 
Resistance is at 7487 to 7512 and 7586 to 7602... 
    
                                               Stay tuned for Livestock Updates and Flashes

                                                  The ‘Grand’ Grain Markets
January Soybeans
 Recommended Position Long 444 3/4
 Resistance is at 450 1/2 to 451 1/2... a close over is friendly and augurs for a test of 457 1/4 to 458 1/2 and the  463 3/4 to 465 region ..

Support should appear near 444 3/4 to 442 1/2 and 438 1/4 to 437 under that 431 1/2 to 430 1/2  should 
contain a decline.....

BW Traders go long if a close over 451 3/4 occurs.. 

January Soybean Meal
Resistance should appear near 152.9 to 153.5 . 
 Support is at 149.6 to 148.4..

January Soybean Oil
Support is near 1655 to 1642 and 1615 to 1609
 Resistance should appear near 1689 to 1696 and the 1731 to 1738 region ..

Trade Accordingly..

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  and eventually the 231 1/2 to 232 1/4 region.
 Support should appear near 218 1/2  to 217. Under that buyers should emerge near the 213 1/2 to 212 3/4  region.. BW Traders can buy at 218 3/4 and risk a close under 212 3/4 for three days in a row.

March Wheat  
Recommended Open Position Long 2 at  287 3/4 avg 
Nearby Support should appear near 282 3/4 to 282 and the 277 3/4 to 275 1/2..region... 
Resistance is at 287 1/2 to 288 3/4  
  

The Satisfying Softs

March Cotton  
 Support should appear near 3685 to 3660 and 3565 to 3555
Resistance is at  3735 to 3745 and 3855 to 3870.. 

March Coffee
 Recommended open position long 5035  
 Support is near 4515 to 4505 and 4445 to 4425 .. Below that buyers should appear near 4315 to 4305 ..
BW  Traders can buy at 4305 for a turn higher and risk a close under 4160 for three days in a row..  

Resistance should appear near 4635 to 4650  and 4695 to 4715. 
Stay tuned for updates

March Sugar
Resistance  should appear near 791 to 795, beyond that a test of 814 to 823
Support should appear near 768 to 763 and the 739 to 735 region .. 

Trade Accordingly

March Cocoa
Resistance is at 1274 and 1289 then 1304 to 1310  
Support should appear near 1268 ...Below that buyers should appear near 1238 to 1232 . BW Traders can buy at 1238 and risk a close under 1192 for three days in a row

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

Happy Trading !
Bill ! 

Tuesday December 4th, 2001  
6:00 PM

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.

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Premier Service
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 12-04-2001
Long 5 Dec EC 8959
Long 5 Dec Swiss Francs 6090
Short 2 Dec SP500 1142 
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 Feb hogs 5445
Long 5 Feb Bellies 7515
Long 5 March Coffee 4905

Index Program 
http://www.futurescom.com/index01.htm
Recommended Open Position as of 12-04-2001
Short 8 Dec SP500 1122.60 avg

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