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, Thursday Sept 18th , 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

Wed September 17th, 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)
Support should appear at 11227 and 11155

Resistance is at 11300 to 11330 and 11360

December Swiss Franc
Recommended open position Long at 7243
Resistance should appear near 7328 to 7342

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

December British Pound
Support should appear near 15924 and 15842

Resistance should appear near 1.6090 to 16150

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 6577 and 6509 to 6483

Resistance should appear near 6659 to 6673

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9625 to 9641 and 9706 to 9737

Support should appear near 9542 to 9526 and 9445 to 9429

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 1383 and 1415 to 1421

Support is at 1361.5 and 1346 to 1334

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

Support is at 112-06 then 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 8225 to 8190 and 8135 to 8115

Resistance should appear near 8300 to 8315 and 8390 to 8405

December Silver
Support should appear near 525 then 521.5 to 520 and 514 to 512.5

Resistance is at 534.4 to 535.5 and 541.5 to 543

The Exciting Energies

November Crude Oil
Recommended Open position Long at 2800
Support should appear near 2672 to 2663

Resistance is at 2716 to 2724 and 2758 to 2775

October Unleaded Gas
Resistance should appear near 8115 to 8135 and 8300 to 8315

Support should appear near 7955 to 7945 and 7865 to 7835

October Heating Oil
Recommended open Position Long 2 at 7915 avg
Resistance is at 7325 to 7345

Support should appear near 7140 and 7005 to 6990

The Lively Livestock

October Live Cattle
Support should appear near 8562 and 8502 to 8482

Resistance is at 8667 to 8682

October Lean Hogs
Recommended open Position Short 5547
Support is at 5882 to 5852 and 5807 to 5792

Resistance is at 5942 to 5957 and 6022 to 6037

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

Resistance is at 8857 to 8872 then 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 619 and 625 3/4 to 627

Support should appear at 611 1/4 to 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
Recommended Open Position Short 2262
Resistance should appear near 2315 to 2322

Support should appear near 2275 to 2267

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 362 3/4
Support should appear near 349 1/4 then 344 1/4 to 342 1/2 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 6350 to 6335 and 6190 to 6165

Resistance should appear near 6415 to 6430 and 6475 to 6590

December Cocoa
Support is at 1496 to 1489 and 1459 to 1453

Resistance should appear near1529 to 1535 and 1569 to 1576

March Sugar
Recommended open Position Long 610
Support should appear near 609 to 601 and 586 to 583

Resistance should appear near 630 to 634

December Cotton
Support should appear near 6590 to 6575 and 6505 to 6485

Resistance should appear near 6740 to 6755 and 6810 to 6835

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

Wed September 17th, 2003
3:20 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.