Socio
Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500 - Precious Metals - Energy - Livestock - Grains
- Softs
Description
of Services Premier Service
FuturesCom
Investment Publications
Morning
Comments, December 14th, 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
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
Thursday December 13th, 2001
6:30 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 8934 to 8964
and the 9044 to 9060 region.
Stay tuned for Updates…
March
Swiss Franc
Resistance
should appear near 6068 and 6101 to 6113,
Support should appear near
6034 to 6023 then 5998 and the 5957 to 5945 region.
March
British Pound
Support
should appear near 1.4282 and
1.4210 to 1.4150
Resistance is at the 1.4336 and
1.4432
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
Support
is at 104-07 then 103-23
Dow Jones Industrial Average
Resistance should appear
near 9821 to 9837. .
Support is
at 9737 to 9706.
March SP500
Recommended Position
Short 2 at 1126.50
Resistance should appear near
1122.70 and 1130.00. to 1133.00 and 1136.00 . Beyond that a test of
1143.00 is likely..
Above that sellers should appear near 1150 and the 1164 to 1169
region..
Support should appear near 1115.50 and
the 1101 to 1096 region. .
Nasdaq Composite
Resistance is
at 1967 and 1982 to 1996..
Support is at 1946 and the 1909 to 1902 region. .
March Mini- Nasdaq 100
Resistance is
at 1642 to 1656 and 1671.5
Support is at 1615 to 1609 and 1576 to 1569
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 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
Jan
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 5200 to 5210 and the 5345 to 5355 region.
Support
should appear
near the 5140 to 5125 and the 4935 to 4915 region. Below that a test of 4855 to 4845 is
likely.
Trade Accordingly
The
Lively Livestock Markets
Feb
Cattle
Recommended
open position, Long at 6752
Support
should appear near 6707 and the
6672 to 6657 region
Resistance
is at 6742
to 6752 and 6807
February Lean Hogs
Support should appear
near 5212 to 5197 and the 5137 to 5127 region..
Resistance
is at 5282 and the 5342 to 5357 region.
February Pork Bellies
Support should
appear near 7512 to 7487 and 7427 to 7412. .
Resistance is
at 7587 to 7602 and the 7672 to 7687 region. ...
Stay
tuned for Livestock Updates and Flashes
The
‘Grand’ Grain
Markets
Jan Soybeans
Recommended open position long March at 438
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 152.9 to 153.5
.
Support
is at 149.6 to 148.4.
January
Soybean Oil
Support
is near 1569 and the 1535 to 1529
region.
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 285 3/4
Nearby Support
should appear near 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 3555 to 3565 and 3615 to 3625 .
March Coffee
Recommended
open position long 5035
Support is
near 4785 to 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 751 then 763 to 768
Support
should appear
near 739 to 735 and 712 to 704.
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 !
Thursday
December 13th, 2001
7:45 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 12-13-2001
Long 10 March Swiss Francs 6068
Long 10 Feb Gold 274.0
Long 20 March Soybeans 437 1/2
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 12-13-2001
None
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html
None