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Morning
Comments ,December 18th 2001
Experienced
Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Morning
Comments
Monday December 17th, 2001
3:00 PM
Financial Markets
On the
Frenzied Forex Front
March Yen
Support should appear near
7865 to 7830 and the 7777 to 7763 region...
Resistance
should appear near 7939 to 7954, a close over augurs for a test of
8029 to 8044 . BW Traders can sell at 8028 and risk a close over 8134 for three days in a
row.. .
Aggressive BW Traders should go short if a close under 7829 occurs.
March EC
Support
is at 8964 to 8934 and 8901.BW Traders can
buy at 8965 and hold for higher prices.. Under that buyers should appear
near 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 9044 to 9060. A close over is friendly and augurs for a test of 9140
to 9156..
Aggressive BW traders should go long if a close over 9060 occurs..Stay tuned for Updates…
March
Swiss Franc
Resistance should appear near 6165
to 6190.
Support should appear near 6113 to 6101
then 6068 and the
6035 to 6023 region. BW Traders can buy at 6113 for a turn higher and risk a close
under 6068 for three days in a row.
Aggressive BW Traders should go long if a close over 6192 occurs..
March
British Pound
Support should appear near 1.4372,
BW traders can buy at 1.4372 for a bounce , risk a close under 1.4336 for three
days in a row.
Resistance is at 1.4530 to 1.4590..
Beyond that a trade towards the 1.4840 to 1.496 region is likely..
BW Traders should go long if a close over 1.4590 occurs..
March Canadian Dollar
Support
should appear at 6350 to 6337 and 6270 to
6256...BW Traders can buy at 6357 and risk a close under 6305 for three days in a
row,
Resistance
is at 6417 to 6430
March Aussie Dollar
Support is
at 5139 to 5127 .. BW Traders can buy at 5139 and risk a close
under 5125 for three days in a row. Below that buyers should appear near 5067 to 5036
Resistance should appear near 5176, an extended trade over is friendly
and augurs for a test of 5200 to 5211 and eventually the 5250 to 5282
region..
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 near 104-07 and 104-23, an
extended trade over is friendly and augurs for a test of 105-12 to 105-17..
Support
is at 103-23 and 103-07...a close under
103-07 is negative and augurs for another test of the 102-22 to 102-17
region...
Dow Jones Industrial Average
Resistance should appear
near the 9921 to 9937 region. An extended period
over 9937 is friendly and augurs
for another test of 10,0021 to 10,037.
Support should appear near 9879 and the 9837 to 9822
region
March
SP500
Resistance is at 1143
then 1150 and the 1164 to 1169
region .BW . Traders can sell at 1163.90 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.
Nasdaq Composite
Resistance is
at 1996 and the 2034 to 2042 region
Support is at 1982 and 1953 to 1946
March Mini- Nasdaq 100
Resistance is
at the 1655 then 1672 and the 1689 to 1696 region.
Support is at 1642 and 1615 to 1609, an extended trade under 1609 is negative and
augurs for a test of 1576 to 1569
Precious
Metals
February
Gold
Support should
appear near 277.5 to 275.8. BW Traders can buy at 275. 9 and hold for higher
prices.. Under that buyers should appear near 272.4 to 271.6..
Resistance
is
at 282 to
282.8
BW Traders should go long if a close over 279.8 occurs.
March
Copper
Support should appear near 6805
and 6755
to 6740 then 6670 to 6655..BW Traders can buy at 6675 and risk a close
under 6570 for three days in a row..
Nearby Resistance
should appear near 6835, a close over
is friendly and augurs for a test of 6910 to 6925 and eventually the 6990 to
7005 region..
March Silver
Support should appear near
431.5 to 430.5 and the 425 to 423.5 region.. BW Traders can buy at 425.5 and hold for higher prices.. Under that support
should appear near 418.5 to 416.5 region.. which should contain a decline for a
bit..
Resistance
is at 437 to 438, a close over 438 is friendly and augurs for
an eventual test of the 442.5 to 444.5 and the 450 to 451.5 region.
Aggressive BW Traders should go long if a close over 438.5 occurs.
Stay tuned for Updates..
The
Exciting Energies
February Crude Oil
Support should appear near 1909 to 1902
and 1865 to 1858
Resistance
is at 1953, a close over is friendly and augurs for a test of 1982 to 1996 a
February
Unleaded Gas
Support should appear near 5505 to 5490.. Below that buyers should appear near the 5355 to 5345
region.
Resistance
is at 5640 to 5655 ...Above
that Sellers should appear near 5715 to 5730 and the 5855 to 5880 region
Stay tuned for Updates.
February Heating Oil
Resistance
is at the 5490 to 5505 and the 5550 to 5575 region Beyond that
resistance should appear near the 5715 to 5730..
Support
should appear
near 5430 to 5415 and the 5355 to 5345 region , under that support
should appear near 5210 to 5200 and the 5065 to 5035 region
Trade Accordingly
The
Lively Livestock Markets
February
Live Cattle
Support
should appear near 6757
to 6742. and 6672 to 6657..BW Traders can buy at 6672 for a bounce , risk a close under
6657 for
three days in a row..
Resistance
is at 6837 and the 6907 to 6922
region
Trade Accordingly and stay tuned for Updates..
February Lean Hogs
Support
is at 5342 and 5287 to 5257. Below that support should appear near
the 5212 to 5197 region... BW Traders can buy at 5217 and risk a close under 5122
for three days in a row.
Resistance
is at 5357, a close over
is friendly and augurs for a test of 5417 to 5432 and beyond towards the 5492 to
5507 region..
BW
Traders should go long if a close over 5357 occurs. .
Stay tuned for Updates and new trades in the Hogs..
February Pork Bellies
Recommended Open Position , long 7607
Support should
appear near 7587...Under that Buyers should appear near
7512 to 7487 and 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.
Resistance is
at 7672 to 7687 , a close over is friendly and augurs for a test of
7762 to 7777 and beyond towards the 7937 to 7957 region
Stay
tuned for Livestock and Belly Updates and Flashes
March Soybeans
Resistance
is at 442 1/2 to 444 3/4 a close over is friendly and augurs for a test of 457 1/4 to 458 1/2
Support
should appear near 438 1/4 to 437 and 431 1/2 to 430 1/2 Below that buyers should appear near 425 to 423 1/2
and should contain a decline...BW Traders can buy at 432 and risk a close
under 423 for three days in a row..
BW Traders go long if a close over 444 3/4 occurs..
March
Soybean Meal
Support
should appear near the 145.9
to 145.3
Resistance is at 148.4 to 149.6
March Soybean Oil
Support
is near 1576 to 1569
Resistance
should appear near the 1609 to 1615 ..
Trade Accordingly..
March Corn
Resistance should appear near 217 to
218 1/2.
Support should appear near
emerge near the 213 1/2 to 212 3/4 region . BW Traders can buy at 213 3/4 for a turn higher and hold for higher prices.
March Wheat
Nearby Support
should appear near 282 3/4 to 282.. BW Traders can buy at 282 3/4 hold
for higher prices.. Below that buyers should appear near the 277 3/4 to 275 1/2..region...
Resistance
is at 287 1/2 to 288 3/4 and the 292 3/4 to 293 3/4
region.
BW Traders should go long if a close over 288 3/4 occurs..
The Satisfying Softs
March Cotton
Support
should appear near 3660 and
3565 to 3555.
Resistance is at 3735 to 3745 and 3855 to 3865
March
Coffee
Recommended open position. long 4615
Support is
near the 4585 to 4570 region
Under that support should appear 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 4650 and the 4695 to
4715 region,
BW Traders should go long if a close over 4860 occurs .
March Sugar
Resistance
should appear near 739 then 751and the 763 to 767 region.
Support
should appear
near 735 and 723.. Below that buyers should appear
near 712 to 704
March
Cocoa
Resistance
is at 1334 to 1346 .Beyond that a test of 1377 to 1383
is likely
Support
should appear near 1310 to 1304 then 1274 to
1268..BW Traders can buy at 1276 and risk a close under 1232 for three
days in a row..
A
Ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Monday
December 17th 2001
4:00 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 12-17-2001
Short 4 March SP500 1129.00
Long 20 March Soybeans Beans 437 1/2
Long 20 March Wheat 287 3/4 avg
Long 10 March Coffee 4820 avg
Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 12-17-2001
NONE
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html