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Morning
Comments ,December 19th 2001
Experienced
Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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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
Tuesday December 18th, 2001
3:00 PM
Financial Markets
On the
Frenzied Forex Front
March Yen
Support should appear near
7851 to 7836, a close under augurs for a test of 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
Recommended position long at 8965
Support
is at 8964 to 8934 and 8901
Resistance
is
at 9004 and the 9044 to 9060 region.. 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
Recommended open position long at 6113
Resistance should appear near 6139 and
the 6165
to 6190 region.
Support should appear near 6113 to 6101
then 6068 and the
6035 to 6023 region.
Aggressive BW Traders should go long if a close over 6192 occurs..
March
British Pound
Support should appear near 1.4436
and 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
Recommended open position long at 6357
Support
should appear at 6350 to 6337 and 6305
Resistance
is at 6383 and the 6417 to 6430 region
March Aussie Dollar
Recommended open position long at 5139
Support is
at 5097 and the 5067 to 5036 region.
Resistance should appear near 5127 to 5139.
Stay tuned for Forex Updates
The Sensational Bond and
Stock Markets
March
10 Year
T-Note
Resistance
should appear near 104-23, an
extended trade over is friendly and augurs for a test of 105-12 to 105-17..
Support
is at 104-07 and 103-23 then 103-07...
Dow Jones Industrial Average
Resistance should appear
near the 10,0021 to 10,037 region. Beyond that sellers should appear
near
10,104 to 10,136
Support should appear near 9979 and the 9937 to 9921
region.
March
SP500
Resistance is at 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 1143 and the 1136 to
1133 region. .
Nasdaq Composite
Resistance is
at 2015 and 2034 to 2042 region
Support is at 1996 to 1982 and 1953 to 1946
March Mini- Nasdaq 100
Resistance is
at the 1672 and the 1689 to 1696 region.
Support is at 1655 to 1642 and 1615 to 1609.
Precious
Metals
February
Gold
Recommended open
position long 280.9
Support should
appear near 279.7 and the 277.5 to 275.8 region.
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 , a close over 282.8 is friendly and augurs for a test of 287.4 to 288.3
March
Copper
Support should appear near 6835
to 6810 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 6910 to 6925 and the 6990 to
7005 region..
March Silver
Recommended
open position long at 442.0
Support should appear near
438.5 to 437 and 431.5 to 430.5.
Resistance
is at 444.5 and the 450 to 451.5 region.
Stay tuned for Updates..
The
Exciting Energies
February Crude Oil
Support should appear near 1953 to 1946
and 1909 to 1902
Resistance
is at 1982 to 1996 and 2034 to 2042
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 5575.. Beyond that
resistance should appear near the 5715 to 5730.Above that a test of 5790 to 5805
is likely. .
Support
should appear
near 5505 to 5490 and 5430 to 5415, below that buyers should appear near 5355 to 5345
Trade Accordingly
The
Lively Livestock Markets
February
Live Cattle
Support
should appear near 6922 to 6907
and 6872.
Resistance
is at 6992
to 7002 and the 7072 to 7087 region..
BW Traders can sell at 6987 for a turn lower and risk a close over 7092 for
three days in a row.
Trade Accordingly and stay tuned for Updates..
February Lean Hogs
Support
is at 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 5342 to 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 2 at 7520
Support should
appear near 7512 to 7487 and the 7427 to 7432 region..
Resistance is
at 7587 to 7612 and 7672 to 7687
Stay
tuned for Livestock and Belly Updates and Flashes
March Soybeans
Resistance
is at 437 to 438 1/2
Support
should appear near 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..
March
Soybean Meal
Support
should appear near the 145.3 and
the 142.1 to 141.5 region.
Resistance is at 145.9 and 147.1
March Soybean Oil
Support
is near 1569 and the 1535 to 1529
region.
Resistance
should appear near the 1591 and 1609 to 1615 ..
Trade Accordingly..
March Corn
Recommended open position , long 213 3/4
Resistance should appear near 215 1/4
and 217 to
218 1/2.
Support should appear near
emerge near 213 1/2 to 212 3/4 and 210 3/4 then 208 3/4 to 208..
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 4635 to 4650 and the 4695 to
4715 region,
BW Traders should go long if a close over 4860 occurs .
March Sugar
Resistance
should appear near 708 to 712 and 723
Support
should appear
near the 686 to 682 region.
March
Cocoa
Resistance
is at 1304 to 1310 and 1334 to 1346
Support
should appear near 1289 and 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 !
Tuesday
December 18th 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 12-18-2001
Short 15 March Yen 7828
Long 15 March Swiss 6111
Long 10 March EC 8974
Short 4 March SP500 1129.00
Long 5 Feb Gold 279.8
Long 5 March Silver` 439.0
Long 20 March Soybeans Beans 437 1/2
Long 10 March Bean Oil 1580
Long 20 March Wheat 287 3/4 avg
Long 10 March Coffee 4820 avg
Long 5 Feb Bellies 7500
Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 12-18-2001
NONE
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html