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Morning
Comments ,December 21st 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
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"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 20th, 2001
3:00 PM
Financial Markets
On the
Frenzied Forex Front
March Yen
Recommended position short at 7812
Support should appear near
the 7777 to 7763 region .
Resistance
should appear near 7836 to 7864 and 7901 and the 7939 to 7954 region.
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,
however an extended trade over is friendly
and augurs for a test of 6165 to 6190.
Support should appear near 6113 to 6101
and 6068, under that buyers should appear near the
6035 to 6023 region.
March
British Pound
Recommended
open position long 1.4372
Support
should appear near 1.4372 and 1.4336
Resistance is at 1.4436 and the 1.4530 to
1.4590 region. .
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 6305 and 6270 to 6257
Resistance
is at 6337 to 6350
March Aussie Dollar
Support should appear
near the 4995 to 4973
Resistance should appear near 5036 to 5067
Stay tuned for Forex Updates
The Sensational Bond and
Stock Markets
March
10 Year
T-Note
Resistance
should appear near 105-12 to 105-17 and
105-23
Support
is at 104-22 then 104-07 and 103-23..
Dow Jones Industrial Average
Resistance should appear
near the 10,021 to 10,037 and the 10,104 to 10,136 region..
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 1946 to 1953 and 1982 to 1996
Support is at 1909 to 1902 under that support is at 1865 to 1858
March Mini- Nasdaq 100
Resistance is
at the 1569 ti 1576 then 1609 to 1615 and the 1642 to 1655 region. .
Support is at 1535 to 1529 and the 1496 to 1484 region.
Precious
Metals
February
Gold
Recommended open
position long 2 at 278.4
Support should
appear near 275.8 and 274.1.. Under that buyers should appear near 272.4 to 271.6..
Resistance
is
at 277.5, a close over
is friendly and augurs for a test of 282.0 to 282.8
March
Copper
Support should appear near 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 the 431.5 to 430.5 region.. Under buyers should appear
near 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 .
Resistance
is at 442.5 to 444.5 a close over is friendly and augurs for a test of
450.5 to 451.5.
Stay tuned for Updates..
The
Exciting Energies
February Crude Oil
Support should appear near 1909 to 1902 and
the 1865 to 1858 region.
Resistance
is at 1946 to 1953 and 1982 to 1996
February
Unleaded Gas
Support should appear near 5580
to 5555. Under that buyers should appear near 5505 to 5490.and the 5430 to
5415 region..
Resistance
is at 5640
to 5655 and 5715 to 5730.
Stay tuned for Updates.
February Heating Oil
Resistance
is a 5555 to 5580 and 5790 to 5805 .
Support
should appear
near 5505 to 5490 and the 5430 to 5415 region.. under that buyers
should appear near
5355 to 5345.
Trade Accordingly
The
Lively Livestock Markets
February
Live Cattle
Support
should appear near the
6837 to 6812 region. Below that a test of 6782 is likely.
Resistance
is at 6872
then 6907
to 6922 and 6992 to 7002..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 5282 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 4 at 7500
Support should
appear near 7257 to 7242 and the 7172 to 7142 region. .
Resistance is
at 7412 to 7427 and 7487 to 7512..
Stay
tuned for Livestock and Belly Updates and Flashes
March Soybeans
Resistance
is at 437 to 438 1/2 and 442 1/2 to 444 3/4
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 145.9 to 145.3.
Resistance is at 148.4 to
149.5
March Soybean Oil
Support
is near 1569 and the 1535 to 1529
region.
Resistance
should appear near 1609 to 1615
region.. .
Trade Accordingly..
March Corn
Recommended open position , long 213 3/4
Resistance should appear near 213 1/2
and 215 1/4.
Support should appear near
emerge near 210 3/4 and 208 3/4 to 208..
March Wheat
recommended open position long 293
Nearby Support
should appear near 287 1/2 and 282 3/4 to 282.. BW Traders can buy at 282 3/4
and
hold
for higher prices.. ..
Resistance
is at 288 3/4 and the 292 3/4 to 293
3/4.
The Satisfying Softs
March Cotton
Support
should appear near 3565 to 3555 and
the 3505 to 3490 region.
Resistance is at 3615 to 3625 and the 3665 to 3685 region.
March
Coffee
Recommended open position. long 2 at 4785
avg
Support is
near 4925 to 4915 and the 4855 to 4845 region , under that buyers should appear
near 4515 to 4695.
Resistance
should appear near 5035 to 5065.. A close over is friendly and augurs for a test of
the
5200 to 5215 .
.
March Sugar
Resistance
should appear near 708 to 712 and 723
Support
should appear
near the 704 and the 686 to 682 region.
March
Cocoa
recommended open position long 1276
Resistance
is at 1289 then 1304 to 1310 and 1334 to 1346
Support
should appear near 1274 to 1268.and 1236 to
1232
A
Ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Thursday
December 20th 2001
3:45 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 12-18-2001
Short 25 March Yen 7832 avg
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 7475
Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 12-19-2001
NONE
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html