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, Friday Sept 19th , 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

Thursday September 18th, 2003
9:00 PM Eastern time

The ‘Frenzied’ Forex Front

December Yen
Support should appear near 8683 to 8668 and 8589 to 8560

Resistance should appear near 8762 to 8777 and 8856 to 8871
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 11202 then 11155

Resistance is at 11227 and 11300 to 11330

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

Support should appear near 7206 and 7170 to 7143
BW Traders should go long if a close over 7294 occurs

December British Pound
Support should appear near 16002 and 15926

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 6591 to 6577

Resistance should appear near 6659 to 6673

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9706 to 9737

Support should appear near 9641 to 9625

December SP500
Recommended Open position Short at 1016.20
Resistance should appear near 1047.00.and 1058.00 to 1063.00

Support should appear near 1036.00 to 1032.00.

Nasdaq Composite
Resistance should appear near 1927.5 and 1947 to 1953

Support should appear near 1902 and 1868 to 1858

December Mini Nasdaq 100
Resistance is at 1415.00 to 1421.00 and 1437.00

Support is at 1399 and 1383.00 to 1377.00

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 2724 to 2716 and 2672 to 2663

Resistance is at 2758 to 2775 and 2820 to 2829

November Unleaded Gas
Resistance should appear near 7585 to 7605 and 7765 to 7780

Support should appear near 7505 to 7485 and 7340 to 7325

November Heating Oil
Recommended open Position Long 2 at 7225
Resistance is at 7325 to 7345 and 7415 to 7430

Support should appear near 7170 to 7140 and 7005 to 6990

The Lively Livestock

October Live Cattle
Support should appear near 8587 to 8562 and 8502 to 8482

Resistance is at 8667 to 8682 and 8722

October Lean Hogs
Recommended open Position Short 5547
Support is at 5957 to 5942

Resistance is at 6037 and 6102 to 6117

February Pork Bellies
Recommended open Position 8860
Support should appear near 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 627 and 633 3/4 to 635

Support should appear at 619 to 616 1/2

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

Resistance should appear near 190.2 to 190.9

December Soybean Oil
Recommended Open Position Short 2262
Resistance should appear near 2354 to 2370

Support should appear near 2322 to 2315

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 338 3/4 to 337 3/4

Resistance is at 342 1/4 to 344 1/4

The Satisfying Softs

December the ‘Monster’ Coffee
Recommended Open position Long 7035
Support is near 6190 to 6165 and 6115 to 6105

Resistance should appear near 6335 to 6350

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

Resistance should appear near1484 to 1496 and 1529 to 1535

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 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

Thursday September 18th, 2003
10:00 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.