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Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500 - Precious Metals - Energy - Livestock - Grains
- Softs
Description
of Services Premier Service
FuturesCom
Investment Publications
Morning
Comments, December 10th, 2001
Experienced
Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Rockport Circle, Lake Worth, Florida 33467 Tel: 1-561-433-2995
http://www.futurescom.com
If the
Creator had a purpose in equipping us with a neck,
he surely meant for us to stick it out. "---
Arthur Koestler
Morning
Comments
Sunday December 9th, 2001
4:30 AM
Financial Markets
On the
Frenzied Forex Front
March
Japanese Yen
Support should appear near the 7991 and
the 7954 to
7934 region..
Resistance
should appear near 8029 to 8045 and 8081
March
Euro FX
Recommended open position long 8863
Support
is at 8856 and 8818
.Under that buyers should appear near 8777 to 8762
Resistance
is
at 8871 and 8901. A close over is friendly and augurs for a an eventual test
of 8936 to 8964
and the 9044 to 9060 region..
Aggressive BW traders should go long if a close over 8903 occurs..
Stay tuned for Updates…
March
Swiss Franc
Recommended open position long 6028
Resistance
should appear near 6034 and 6068, a close
over is friendly and indicates a test of 6101 to 6113
and eventually the 6165 to 6190 region.
Support should appear near
5998 and the 5957 to 5945 region.
March
British Pound
Support
should appear near 1.4210
to 1.4150
Resistance is at 1.4286 and 1.4336.
March
Canadian Dollar
Support
should appear at 6350 to 6337
BW Traders can buy at 6305 and risk a close under 6255 for three days in a
row.
Resistance
is at 6383 and 6417 to 6430.
March Australian Dollar
Recommended open position long at 5119
Support is
at 5067 to 5055 .
Resistance should appear near 5127 to 5139 and 5176
BW Traders should go long if a close over 5176 occurs
Stay tuned for Forex Updates
The Sensational Bond and
Stock Markets
March
10 Year
T-Note
Support
is at 103-23 and 103-06..Under that
support is at 102-22
Dow Jones Industrial Average
Resistance should appear
near 10,070.5 and the 10,104 to 10136 region. Beyond that
resistance is at
10,185 and the 10,320 to 10,360 region..
Support is
at 10,037 to 10,021, a close or extended trade under is negative and augurs for
a test of 9979 and the 9937 to 9921 region.
December
SP500
Recommended Position
Short 6 at 1112.50 avg
Resistance should appear near
1164 to 1166.5 and 1169.. Beyond that a test of 1174.70 is likely..
Above that sellers should appear near 1180.50 and the 1192 to 1203
region..
Support should appear near 1157
and 1150.. a close under augurs for a test of 1136 to 1133 and 1130..
Nasdaq Composite
Resistance is
at 2034 to 2042 and 2061..
Support is at 2015, a slip under indicates a trade towards the 1996 to 1989 region
December Mini- Nasdaq 100
Resistance is
at 1689 to 1696 then 1713.5 and the 1731 to 1738 region. Beyond that a
test of the 1774 to 1780 region is likely..
Support is at 1671.5 , under that a trade towards 1655 to 1642 is
likely.. Below that buyers should appear near 1615 to 1609
Pick Your poison and Trade Accordingly
Precious
Metals
February
Gold
Recommended Open Position : Long 2
at 275.7 avg
Support should
appear near 272.5 to 271.6
Resistance
is
at 275.5
to 277.5
Recommended
position long at 7005
Support should appear near
6835 to 6810 and 6755 to 6740
Resistance
should appear near 6910 to 6925 and
6990 to 7005..
March Silver
Recommended open position long 412.5
Support should appear near
the 425 to 423.5 then 418.5 to 417 and the 412.5
to 411 region.
Resistance is at 430.5 to
431.5
The
Exciting Energies
January
Crude Oil
Support should appear near 1882 ,
under that buyers should appear near 1865 to 1858 and
the 1822 to 1808 region
Resistance
is at 1909 and the 11946 to 1953 region.
January Unleaded Gas
Support should appear near 5210 to 5200
and 5130 to 5125 under that 4995 to 4975 should hold.
Resistance
should appear near 5255 to 5290 region.. Beyond
that a test of 5415 to 5430 is likely
Stay tuned for Updates..
January
Heating Oil
Resistance
is at the 5200 to 5210 and 5345 to 5355
Support
should appear
near 5065 to 5050 and the 4935 to 4915 region.
Trade Accordingly
The
Lively Livestock Markets
Feb
Cattle
Support
should appear near the 6837 to 6812
region.. Failure there augurs for a test of 6757 to 6742..
BW traders can buy at 6752 of as bounce , risk a close under 6707 for three days
in a row.
Resistance
is at 6907
to 6922
February Lean Hogs
Support should appear
near 5282 to 5257 and the 5212 to 5197 region. .
Resistance
is at 5342 to 5357 and 5417 to 5432
February Pork Bellies
Support should
appear near 7427 to 7412 and 7342 to 7327.. Below that 7257 to 7242 should
contain a decline..
Resistance is
at 7512 and 7587 to 7602, beyond that a test of 7672 to 7692 is likely.
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
to 458 1/2 and beyond towards 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 should 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 and 145.9 to 145.3.
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
Recommended open position long at 218
3/4
Resistance should appear near 221 3/4
to 222 3/4
Support should appear near
the 218 1/2 to 217 and the 213 1/2 to 212 3/4 region..
.
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 1/4
The Satisfying Softs
March
Cotton
Resistance is at 3795 to 3805 and 3855 to 3870
March Coffee
Recommended
open position long 5035
Support is
near 4650 to 4635 and 4580 to 4570 under that 4515 to 4505 should hold ..
Resistance
should appear near 4715 and 4775 to 4785
a close over is friendly and augurs for a test of 4915 to 4925
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 ..
March
Cocoa
Recommended
position long at 1238
Resistance
is at 1268 to 1275 and 1289
Support
should appear near 1238 to 1232 and
1203 to 1192
Ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Sunday
December 9th, 2001
6:30 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.
-----------------------------------------------------------------------------------------
Premier
Service
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 12-07-2001
Long 5 March EC 8900
Long 10 March Swiss Francs 6068
Short 7 Dec SP500 1159.50 avg
Long 10 Feb Gold 274.0
Long 20 Jan Beans 445 3/4 avg
Long 20 March Wheat 287 3/4 avg
Long 5 Feb Bellies 7515
Long 5 March Coffee 4905
Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 12-07-2001
Short 10 Dec SP500 1128.80 avg
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html