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, Wed Sept 17th , 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

Tuesday September 16th, 2003
2:30 PM Eastern time

The ‘Frenzied’ Forex Front

December Yen
Support should appear near 8589 to 8560

Resistance should appear near 8668 to 8683 and 8762 to 8777.
BW traders can sell at 8757 and risk a close over 8877 for three days in a row .

December Euro Currency (EC)
Recommended Open Position Long 11193
Support should appear at 11010 to 10960

Resistance is at 11155 and 11300 to 11360

December Swiss Franc
Recommended open position Long 2 at 7243
Resistance should appear near 7242 to 7255.

Support should appear near 7170 to 7143
BW Traders should go long if a close over 7294 occurs

December British Pound
Support should appear near 1.5760 to 1.5690

Resistance should appear near 1.5842 and 15924

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 6509 to 6483

Resistance should appear near 6577 to 6591

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 1032.00 to 1036.00 and 1047.

Support should appear near 1018.50 and 1005 to 1000

Nasdaq Composite
Resistance should appear near 1902 to 1909

Support should appear near 1865 to 1858

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 112-07 and 112-23

Support is at 111-23 and 111-07

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 8190 to 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

November Crude Oil
Recommended Open position Long at 2800
Support should appear near 2758 and 2724 to 2716

Resistance is at 2820 to 2829 and 2874 to 2883

October Unleaded Gas
Resistance should appear near 8390 to 8405 and 8560 to 8590

Support should appear near 8300 and 8135 to 8120

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 7345 to 7325 and 7170 to 7140

The Lively Livestock

October Live Cattle
Recommended open Position Short 8652
Support should appear near 8502 to 8482 and 8407 to 8392

Resistance is at 8562 to 8587 and 8667 to 8682

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 8932 to 8967 and 9042 to 9062

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 616 1/2 to 619 and 625 3/4 to 627

Support should appear at 610 1/4 and 595 3/4 to 594 1/2

December Soymeal
Support should appear near 182.2 to 180.8.

Resistance should appear near 185.8 to 186.5

December Soybean Oil
Resistance should appear near 2267 to 2275
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

December Corn
Resistance should appear near 226 3/4 to 227

Support is at 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 350 1/4 to 349 1/4 and 338 3/4 to 337 3/4

Resistance is at 355 1/4 to 356 1/4

The Satisfying Softs

December the ‘Monster’ Coffee
Recommended Open position Long 7035
Support is near 6115 to 6105

Resistance should appear near 6415 to 6430

December Cocoa
Support is at 1459 to 1453 and 1421 to 1415

Resistance should appear near 1489 to 1496 and 1529 to 1535

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 6430 to 6415 and 6115 to 6105

Resistance should appear near 6484 to6510 and 6575 to 6590

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

Tuesday September 16th, 2003
3:15 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.