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Investment Publications
Morning
Comments ,December 26th
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
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
Tuesday December 26th, 2001
7:00 AM
Financial Markets
On the
Frenzied Forex Front
March Yen
Support should appear near
7675. Below that buyers should appear near 7601 to 7687 and the
7513 to 7487 region BW Traders can buy at 7515 for a turn higher and risk a close under
7412 for three
days in a row..Under that support should appear near 7342 to 7325..
Resistance
should appear near 7763 to 7777 and 7836 to 7864 .
March EC
Recommended position long at 8818
Support
is at 8762 and 8683 to 8668
Resistance
is
at 8818 and 8856 to 8871
March
Swiss Franc
Resistance should appear near 6023 to
6035
Support should appear near 5957 to 5945..
Under that support should appear near 5880 to 5855..BW Traders can buy at
5882 and risk a close under 5849 for three days in a row.
March
British Pound
Support
should appear near 1.4372 and the 1.4210 to
1.4150 region , which should contain a decline .. a close under 1.4150 is negative
and augurs for a test of 1.3990 and eventually the 1.3830 to 1.3770
region..
Resistance is at 1.4442 and 1.4530 to
1.4590
March Canadian Dollar
Recommended open position long at 6357
Support
should appear at 6190 to 6165
Resistance
is at 6270 and 6305
March Aussie Dollar
Support should appear
near the 5036 then 4995 to 4973
Resistance should appear near 5067 and 5095
Stay tuned for Forex Updates
The Sensational Bond and
Stock Markets
March
10 Year
T-Note
Resistance
should appear near 104-23 then 105-12 to 105-17 and
105-23
Support
is at 104-07 and 103-23..
Dow Jones Industrial Average
Resistance should appear
near 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 1609 to 1615 and the 1642 to 1655 region. .
Support is at 1576 to 1569 then 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 277.5 to 275.8 and 274.1.. Under that buyers should appear near 272.4 to 271.6..
Resistance
is
at 279.7, 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 442.5
then 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..
Resistance
is at 450.5 to 451.5.
Stay tuned for Updates..
The
Exciting Energies
February Crude Oil
Support should appear near 1953 to
1946 then 1909 to 1902 and
the 1865 to 1858 region.
Resistance
is at 1982 to 1996 and 2034 to 2042
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 5715 to 5730 and 5790 to 5805 then 5855 to 5880
Support
should appear
near 5575 to 5555 then 5505 to 5490 and the 5430 to 5415 region..
Trade Accordingly
The Lively Livestock Markets
February
Live Cattle
Recommended
Position Short 6987
Support should
appear near the 7002 to 6992.
Resistance
is at
7072 to 7087 and 7142 to 7172
Trade Accordingly and stay tuned for Updates..
February Lean Hogs
Recommended open position long at 5465
Support is at 5552 then
5507 to 5482 and 5432 to 5417
Resistance
is at 5642
to 5657 and 5712
Stay tuned for Updates and new trades in the Hogs..
February Pork Bellies
Support should appear near 7777
to 7762 and 7687 to 7672 .
Resistance is
at 7937 to 7957 region .. Beyond that sellers should appear near 8027 to
8042 and the 8117 to 8132 region.. Above that resistance is at 8192 to 8227
beyond that 8300 to 8317 should Cap a rally.. Aggressive
BW Traders can sell at 8192 for a turn lower and risk a close over
8317 for three days in a row.
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 3625 and the 3665 to 3685 region.
March
Coffee
Recommended open position. long at 4960
Support is
near 4580 to 4565 and 4515 to 4505
Resistance
should appear near 4775 to 4785 and 5035 to
5065
.
March Sugar
Resistance
should appear near 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 12-24-2001
Short 4 March SP500 1129.00
Long 5 Feb Gold 279.8
Long 5 April Hogs 5845
Long 20 March Soybeans Beans 437 1/2
Long 10 March Bean Oil 1580
Long 10 March Wheat 285 3/4
Long 5 March Coffee 4740
Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 12-24-2001
NONE
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html