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


FuturesCom Investment Publications
Morning Comments, Monday Sept 29th , 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


Sunday September 28th, 2003
1:00 PM Eastern time  

          
                                                              The ‘Frenzied’ Forex Front
December Yen
Support should appear near 8934 and 8871 to 8856

Resistance should appear near 9004, a trade over is freindly and augurs for a test of  9044 to 9060

December Euro Currency (EC)
Recommended open position Long at 11457 
Support
should appear at 11430 to 11405 then 11360 to 11330 and 11300

Resistance
is at 11500 region.. A close over is friendly  and indicates an eventual test of 11640 to 11690  

December Swiss Franc
Recommended open position Long  7416  
Resistance
should appear near 7486 to 7513, beyond that a test of the 7587 to 7601 region is likely.. 

Support
should appear near 7428 to 7414 and 7342 to 7328

December  British Pound
Recommended open position Long at 16418
Support
should appear near 1.6420 and 1.6352

Resistance should appear near 1.6550 and 1.6632 

December Canadian Dollar
Recommended Open Position Long 7379
S
upport should appear near 7342 to 7328

Resistance
is at 7414 to 7428   

December Aussie Dollar
Recommended open position Long at 6739
Support 
should appear near 6673 to 6659.
 
Resistance should appear near  6741 to 6755.  

                           
  The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance
should appear near 9316 to 9347 and 9429 to 9445

Support should appear near 9236, a slip under augurs for a test of 9156 to 9140 

December SP500
Recommended Open position Short at 1016.20
R
esistance should appear near 997.90 and 1002.10 to 1003.70

Support should appear near  993.70 to 992.10 and the 983.70 to 982.10 region. 

Nasdaq Composite
Resistance
should appear near 1808 to 1822 and 1858 to 1865.   

Support should appear near 1780 to 1774 and 1731 to 1738

December  Mini Nasdaq 100
Resistance
is at  1334 to 1346 and 1377 to 1383

Support is at 1310 to1304 and the 1274 to 1268 region

December 10 Year T-Note
Resistance
should appear near 114-07 and 114-22

Support is at 113-23 and 113-07

                                 The Precious Metals    

December Gold
Recommended Open position Long at 388
Support
should appear at 380.6 to 379.5 and the 374.3 to 373.6 region

Resistance is at 385.8 to 386.7  .   

December Copper
Recommended Open position Short at 8200
Support should appear near 8190 and 8135 to 8120

Resistance should appear near 8300 to 8315 and 8390 to 8405 

December Silver
Recommended Open position Long at  522
Support should appear near 514 to 512.5 and 506.5 to 505.5 

Resistance is at  520 to 521.5 and 525.5 to 528.5 

                                The Exciting Energies

November Crude Oil
Recommended Open position Long at 2800
Support should appear near 2775 to 2758 and 2724 to 2716

Resistance is at 2820 to 2829 and 2874 to 2883  

November Unleaded Gas
Resistance should appear near  7865 and 7940 to 7955 

Support
should appear near 7780 to 7765 and 7690 to 7675

November Heating Oil
Recommended open Position Long 2 at  7230

Resistance
is at 7585 to 7605 and 7675 to 7690

Support
should appear near 7515 to 7485 and 7430 to 7415  

                                 The Lively Livestock

October Live Cattle
Support should appear near 8502 to 8482 and 8447 

Resistance
is at 8567 to 8582 and 8667 to 8682 

December Live Cattle
Recommended open Position Short at 8297
Support
should appear near 8317 to 8302 and 8227 to 8192  

Resistance is at 8392 to 8407 and 8442 

October Lean Hogs 
Support is at 5577 to 5552 and 5507 to 5492 

Resistance
is at 5652 and 5717 to 5732

December Lean Hogs 
Support
is at 5597 to 5492 and 5432 to 5417  

Resistance is at 5552 to 5577 and 5637 to 5652 

February Pork Bellies
Recommended open Position Short 2 at 8797 avg
Support should appear near 8502 to 8482 and 8407 to 8392.. Below that a test of 8317 to 8302 is likely.  

Resistance is at 8627 then 8667 to 8682 and the 8762 to 8777 region 

                                  The Grande’ Grains

November Soybeans
Resistance
is at  657 ¾ to 659 ¼ and 665 3/4 to 667 1/4 Beyond that sellers should appear near 674 ½ to 675 ½ and 680 ¾ to 683 ¾ ..

Support should appear at 650 3/4 to 648 3/4 and 643 to 641 3/4

December Soymeal
Support
should appear near  195.3 to 194.6 and 190.9 to 190.2

Resistance
should appear near 198.2 to 199.6 and 203.4 to 204.2  BW  Traders can sell at  203.1 and risk a close over 209.2 for three days in a row.

December Soybean Oil
Resistance should
appear near 2411 to 2419

Support should appear near 2354 and 2322 to 2315

December Corn
Recommended open Position Long  222 3/4

Resistance
should appear near  227 1/2  and 231 1/2 to 232 1/2 .

Support is at 222 3/4  to 221 3/4

December CBOT Wheat
Recommended open Position Long at 353 
Support should appear near 356 1/2 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 2 at 6755
Support
is near 6275 to 6255 and 6115 to 6105 .. BW Traders can buy at 6125 and risk a close under 5845 for three days in a row. 

Resistance
should appear near 6350 and 6415 to 6430  

December Cocoa 
Resistance
is at   1609 to 1615 and 1642 to 1655

Support
should appear near 1576 to 1569 and 1535 to 1529

March Sugar
Recommended open Position Long at 610
Support should appear near 609 to 601 and 586 to 583.
BW Traders can buy at 587 for a bounce and risk a close under 554 for three days in a row.   

Resistance should appear near 630 to 634 and  656 to 661
BW Traders should go long if a close over 637 occurs.

December Cotton
Support should
appear near 6575 and the 6505 to 6485 region.. Below that buyers should appear near  6350 to 6335 and the 6190 to 6165 region.  BW  Traders can buy at 6355 and hold for higher prices, risk a close under 6100 for three days in a row..

Resistance should appear near 6655 to 6670 and the 6740 to 6755 region, a close over is friendly and augurs for a test of 6810 to 6835 and the 6990 to 7005 region.. BW Traders should go long if a close over 6765 occurs..


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

Sunday  September 28th  2003
2:15 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.
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