FuturesCom Investment Publications Bi

Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500 - Precious Metals - Energy - Livestock - Grains - Softs
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FuturesCom Investment Publications
Morning Comments , Thursday December 27th 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

Morning Comments
Wed December 26th, 2001
3:00 PM

                                                          Financial Markets
On the Frenzied Forex Front

March Yen
Support 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..

Nearby Resistance should appear near 7675 to7689 and the 7763 to 7777 region..

March EC
Recommended position long at 8818
Support is at 8724 and the 8683 to 8668 region
Resistance is at 8762 to 8777 then 8818 and the 8856 to 8871 region.

March Swiss Franc
Resistance should appear near 5945 to 5957
Support should appear 5880 to 5855. BW Traders can buy at 5882 and risk a close under 5849 for three days in a row. Under that buyers should appear near the 5805 to 5792 region.

March British Pound
Support should appear near 1.4452 and 1.4372.

Resistance is at 1.4530 to 1.4590.. Beyond that an eventual 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 6223 and the 6190 to 6165 region.
Resistance is at 6257 to 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 104-07 to 104-12 and 104-23
Support is at 103-23 and 103-07.

Dow Jones Industrial Average
Nearby Resistance should appear near the 10,104 to 10,136 region.
Beyond that sellers should appear near 10,185.
Nearby Support should appear near 10,069 and the 10,037 to 10,021 region.

March SP500
Resistance should appear near 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 1150 then 1143 and the 1136 to 1130 region.

Nasdaq Composite
Resistance is at 1982 to 1996 and the 2030 to 2040 region
Support is at 1953 to 1946 and the 1910 to 1900 region..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 282.0 to 282.8 , an extended trade over is friendly and augurs for an eventual test of 287.4 to 288.3

March Copper
Support should appear near 6835 to 6805 and the 6755 to 6740 region. Under that buyers should appear near 6670 to 6655..BW Traders can buy at 6675 and risk a close under 6570 for three days in a row..

Resistance should appear near the 6990 to 7005 region.. Beyond that a test of 7075 to 7090 is likely.

March Silver
Recommended open position long at 442.0
Support should appear near 444.5 to 442.5 and the 438.5 to 437 region.
Resistance is at 457.5 to 458.5, beyond that a test of 463.5 to 465.0 is likely.

Stay tuned for Updates..

The Exciting Energies
February Crude Oil
Resistance should appear near 2170 to 2185 and the 2220 to 2240 region.
Supports is at 2090 to 2075 and the 2040 to 2030 region

February Unleaded Gas
Support should appear near 6035 to 6020 and the 5955 to 5945 region .
Resistance is at 6165 to 6190 and 6255 to 6270.

Trade Accordingly

February Heating Oil
Resistance is a 6100 to 6115 and 5335 to 6350
Support should appear near 5880 to 5055 and 5810 to 5790..

Trade Accordingly

The Lively Livestock Markets

February Live Cattle
Recommended Position Short 6987
Support should appear near 7037 and the 7002 to 6992 region
Resistance is at 7077 to 7087 and the 7142 to 7172 region.

Trade Accordingly and stay tuned for Updates..

February Lean Hogs
Recommended open position long at 5465
Support is at 5532 and the 5507 to 5482 region.. Under that buyers should appear near the 5432 to 5417 region.
Resistance is at 5552 to 5577 and the 5642 to 5657 region.

Stay tuned for Updates and new trades in the Hogs..

February Pork Bellies
Support should appear near 7762 and 7687 to 7672 .
Resistance is at 7837 to 7867 and the 7937 to 7957 region. Beyond that sellers should appear near 8027 to 8042

Stay tuned for Livestock and Belly Updates and Flashes
March Soybeans
Recommended open position Long at 432
Resistance is at 430 1.2 to 431 1/2 and 437 to 438 1/2.
Support should appear near 425 to 423 1/2 and should contain a decline...

March Soybean Meal
Support should appear near 142.1 to 141.5
Resistance is at 145.3 to 145.9

March Soybean Oil
Support is near 1552 and the 1535 to 1529 region.
Resistance should appear near 1569 to 1576.

Trade Accordingly..

March Corn
Recommended open position , long 213 3/4
Resistance should appear near 210 1/2 and 212 3/4 to 213 1/2.
Support should appear near emerge near 208 and the 204 1/4 to 203 1/2 region

March Wheat
Recommended open position long 293
Nearby Support should appear near 282 3/4 to 282.. BW Traders can buy at 282 3/4 and
hold for higher prices..
Resistance is at 287 1/2 to 288 1/4 .

The Satisfying Softs

March Cotton
Support should appear near 3625 to 3610 and the 3505 to 3490 region.
Resistance is at the 3665 to 3685 region. Beyond that a test of 3735 to 3745 is likley

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.

Trade Accordingly

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 !

Wed December 26th 2001
4:00 PM

THIS PUBLICATION CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS
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.

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Premier Service
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 12-26-2001
Long 10 March EC 8764
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 12-26-2001
NONE

Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html