Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500 - Precious Metals - Energy - Livestock - Grains - Softs
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FuturesCom Investment Publications
 Morning Comments,  December 13th, 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--

Morning Comments  
Wed December 12th, 2001
3:25  PM

                                            Financial Markets 

 On the Frenzied Forex Front
March Japanese Yen
Support should appear near the 7954 to 7934 region..Below that a test of 7864 to 7836 is likely,
Resistance should appear near 7992 and the 8029 to 8045 region

March Euro FX
Recommended open position long 2 at  8907 avg
 Support is at  8871 to 8856 and 8818 .Under that buyers should appear near 8777 to 8762
Resistance is at  8901. A close over is friendly and augurs for a an eventual test of  8936 to 8964 
and the  9044 to 9060 region.. 

Stay tuned for Updates…  

March Swiss Franc
Recommended open position long 6028
Resistance should appear near 6101 to 6113 , a close over is friendly and augurs for a test of 6165 to 6190
Support should appear near 6068 and 6034 to 6023 then 5998 and the 5957 to 5945 region.    

March  British Pound
Support should appear near 1.4336 and 1.4282  
 Resistance is at  the 1.4530 to 1.4590 region 

March Canadian  Dollar
Support should appear at 6350 to 6337  
Resistance is at 6383 and the 6417 to 6430 region..  

March Australian Dollar
 Support is at 5139 to 5127 . 
Resistance should appear near  5176 and 5200 to 5211

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
 Resistance should appear 105-22.Beyond that a test of 106-12 is likely
 Support is at 104-23 and 104-17 then 104-06

Dow Jones Industrial Average
Resistance should appear near 9921 to 9937 then 9979 and the 10,021 to 10,037 region. . 
 Support is at 9879 and the 9837 to 9822 region. 

March SP500
Recommended Position Short 4 Dec  at 1130.75 avg 

 Resistance should appear near 1143 and 1150 then 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 1136 to 1133 and 1130, a close or extended trade under augurs for a test of 
1115.50 and eventually the 1101 to 1096 region. . 

Aggressive BW Traders should go short if a close under 1132.90 occurs 


Nasdaq Composite
Resistance is at 2015 and 2034 to 2042 then 2061..
Support is at 1996 to 1989 , under that buyers should appear near 1953 to 1946.

March Mini- Nasdaq 100
Resistance is at the 1689 to 1696 region.  Beyond that a test of  the 1731 to 1738region is likely.. 
Support is at 1671.5 and 1655 to 1642, under that a trade towards 1615 to 1609 region is likely  

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  

March Copper
Recommended position long at 7005
Support should appear near 6755 to 6740 and the 6670 to 6655 region 
Resistance should appear near  6805 to 6835 and 6910 to 6925 .. 

March Silver
 Support should appear near 425 to 423.5 and 418.5 to 417 
 Resistance is at 430.5 to 431.5

                                    The Exciting Energies  

January Crude Oil
 Support should appear near 1822 to 1808, under that a test of 1780 to 1774 is likely.. below that buyers should appear near 1738 to 1731

Resistance is at 1858 to 1865 and 1902 to 1909.

January Unleaded Gas
 Support should appear near 5125 and 5065 to 5035, under that support should appear near the   4995 to 4975 region..  
Resistance should appear near the 5255 to 5290 region.. Beyond that a test of 5345 to 5355 region is likely.   

 January Heating Oil
 Resistance is at the 5125 to 5140 and 5200 to 5210 
Support should appear near the 4935 to 4915 region. Below that a test of 4855 to 4845 is likely. 

 Trade Accordingly

The Lively Livestock Markets

Feb Cattle
Support should appear near  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 6807 to 6837 and the 6907 to 6922 region 

 February Lean Hogs
 Support should appear near 5127 and the 5067 to 5037 region.. Below that buyers should appear near 4997 to 4972.. 
Resistance is at 5197 to  5212 and 5257 to 5282  

February Pork Bellies
 Support should appear near 7342 to 7327 and 7257 to 7242 then 7172 to 7142.  
Resistance is at 7412 to 7427 and 7487 to 7512, beyond that a test of 7672 to 7687 is likely... 
    
                                               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 1/2 .
Support should appear near 431 1/2 to 430 1/2 and should contain a decline.....

January Soybean Meal
Resistance should appear near 149.6 and 152.9 to 153.5 . 
Support is at  148.4 and 145.9 to 145.3.

January Soybean Oil
Support is near 1576 to 1569 
 Resistance should appear near 1609 to 1615 ..

Trade Accordingly..

March Corn
Recommended open position  long at 218 3/4
 Resistance should appear near 217 to 218 1/2 
Support  should appear near 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  
 Support should appear near the  3565 to 3550 region. Under that a test of 3500 to 3490 is likely
Resistance is at  3665 to 3680 and 3735 to 3745 . 

March Coffee
 Recommended open position long 5035
 Support is near 4775 and the 4715 to 4695 region, under that buyers should appear near  4650 to 4635 and the 
4580 to 4570 region. 
Resistance should appear near 4845 to 4855 , a close over is friendly and augurs for a test of  4975 to 4995 
Stay tuned for updates

March Sugar
Resistance  should appear near 739 and 751 then 763 to 768 
Support should appear near 735 and 712 to 704. 

Trade Accordingly

March Cocoa
Resistance is at  1304 to 1310 and 1334 to 1346 
Support should appear near 1274 to 1268 and 1253 

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

Happy Trading !
Bill ! 

Wed  December 12th, 2001  
4:30 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 12-12-2001
Long 10 March Swiss Francs 6068
Short 5 March SP500 1137.00
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 10 March Coffee 4820 avg

Index Program 
http://www.futurescom.com/index01.htm
Recommended Open Position as of 12-12-2001
Short 5 March SP500 1131.10 
Morning Comment  Day Trades (MC):
http://www.futurescom.com/mcper01.html