Economic and Investment Trend Analysis

Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500
Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments, Tuesday Sept 16th , 2003
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

Monday September 15th, 2003
2:00 PM Eastern time

The ‘Frenzied’ Forex Front

December Yen
Support should appear near 8499 to 8484

Resistance should appear near 8650 to 8589.

December Euro Currency (EC)
Recommended Open Position Long 11193
Support should appear at 11227 and 11155

Resistance is at 11300 to 11330 and 11360

December Swiss Franc
Recommended open position Long 2 at 7243
Resistance should appear near 7328 to 7343.

Support should appear near 7255 to 7242
BW Traders should go long if a close over 7294 occurs

December British Pound
Recommended open position Long 1.5724
Support should appear near 1.5842 and 1.5760

Resistance should appear near 15924 and 16090

December Canadian Dollar
Support should appear near 7255 to 7242

Resistance is at 7328 to 7342

BW Traders should go long if a close over 7347 occurs..

December Aussie Dollar
Support should appear near 6591 to 6577

Resistance should appear near 6659 to 6673

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9526 to 9542 and 9625 to 9641

Support should appear near 9445 to 9429 and 9347 to 9316

December SP500
Recommended Open position Short at 1016.20
Resistance should appear near 1018.5 and the 1032.00 to 1036.00 region.

Support should appear near 1013.6 to 1010.4 and 1005 to 1000

Nasdaq Composite
Resistance should appear near 1858 to 1865 and 1902 to 1909

Support should appear near 1822 to 1808 and 1780 to 1774

December Mini Nasdaq 100
Resistance is at 1377 to 1383 and 1415 to 1421

Support is at 1346 to 1334 to 1310 to 1304

December 10 Year T-Note
Resistance should appear near 112-23 and 113-07

Support is at 112-07 and 111-23

The Precious Metals

December Gold
Recommended open Position Long 382.8
Support should appear at 374.3 to 373.6

Resistance is at 379.5 to 380.6

December Copper
Recommended open Position short 8200
Support should appear near 8135 to 8115 and 8045 to 8025

Resistance should appear near 8225 and 8300 to 8315 .

December Silver
Support should appear near 521.5 to 520 and 514 to 512.5

Resistance is at 525 to 528.5 and 534.4 to 535.5

The Exciting Energies

October Crude Oil
Recommended Open position Long at 3049
Support should appear near 2775 to 2758 and 2724 to 2716

Resistance is at 2820 to 2829 and 2874 to 2883

October Unleaded Gas
Resistance should appear near 8665 to 8685 and 8760 to 8780

Support should appear near 8590 to 8560 and 8500 to 8485

October Heating Oil
Recommended open Position Long 2 at 7915 avg
Resistance is at 7485 to 7515 and 7585 to 7605

Support should appear near 7430 to 7415 and 7345 to 7325

The Lively Livestock

October Live Cattle
Recommended open Position Short 8652
Support should appear near 8592 to 8562 and 8532

Resistance is at 8667 to 8682 and 8762 to 8777

October Lean Hogs
Recommended open Position Short 5547
Support is at 5807 to 5792 and 5732 to 5717

Resistance is at 5882 then 5912 and 5942 to 5957

February Pork Bellies
Recommended open Position 8860
Support should appear near 8777 to 8762 and 8682 to 8667

Resistance is at 8857 to 8872 and 8932 to 8967

BW Traders Should go Short if a close under 8657 occurs

-- Stay Tuned for Livestock Updates and Flashes ---

The Grande’ Grains

November Soybeans
Resistance is at 625 3/4 to 627 and 633 3/4 to 635

Support should appear at 619 to 616 1/2 and 611 1/4 to 610 1/4

December Soymeal
Support should appear near 186.5 to 185.8 and 182.2 to 180.8.

Resistance should appear near 190.2 to 190.9 and 198.2 to 199.6

December Soybean Oil
Resistance should appear near 2267 to 2275 and 2315 to 2322
BW Traders can sell at 2262 and risk a close over 2327 for three days in a row.

Support should appear near 2226 to 2219 and 2185 to 2170

December Corn
Resistance should appear near 231 1/2 to 232 1/4

Support is at 226 3/4 and 222 3/4 to 221 3/4.
BW Traders can buy at 222 3/4 and risk a close under 216 1/4 for three day in row.

December CBOT Wheat
Recommended open Position Long 2 at 372 1/4
Support should appear near 356 to 355 1/4 and 350 1/4 to 349 1/4

Resistance is at 361 1/4 to 362 1/4 and 366 1/4 to 368 1/4

The Satisfying Softs

December the ‘Monster’ Coffee
Recommended Open position Long 7035
Support is near 6510 to 6480 then 6430 to 6415 and 6350 to 6335

Resistance should appear near 6655 to 6670 and 6740 to 6755

December Cocoa
Support is at 1496 to 1484 and 1459 to 1453

Resistance should appear near 1529 to 1535 and 1569 to 1576

October Sugar
Recommended open Position Long 587
Support should appear near 586 to 583 and 562 to 558

Resistance should appear near 601 to 609
BW Traders should go long if a close over 611 occurs.

December Cotton
Support should appear near 6510 to 6485 and 6430 to 6415

Resistance should appear near 6575 to 6590 and 6655 to 6675.

A Ship in Harbor is Safe.. But that is not what ships are built for –

Happy Trading!
Bill wil@futurescom.com

1-561-433-2995

Monday September 15th, 2003
3:00 PM South Florida Beach Time

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.