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 October 2nd
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 October 1st, 2003
3:00
PM Eastern time
December Yen
Support should appear near 9060 to 9044 and 8964 to 8934
Resistance should appear near he 9140 to 9156
region
December Euro Currency (EC)
Support
should appear at 11690 to 11670 and 11640
Resistance is at 11755 then 11805 and 11920 to 11960
December Swiss Franc
Resistance
should appear near 7675 to 7689 and
the 7763 to 7777 region
Support should
appear near 7601 to 7587 and 7513 to 7486
December
British Pound
Support
should appear near 1.6550 to 16484 and 1.6420
Resistance should appear near 1.6720
and 1.6890 to 1.6960
December Canadian Dollar
Support should appear near 7342
to 7328
Resistance is at 7414 to 7428
December Aussie Dollar
Support should appear near 6755
to 6741.
Resistance should appear near 6836.
and 6906 to 6919
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 1018.50 and 1032.00 to 1036.00
Support should appear near 1013.6 to 1010.4 and 1003.70 to
1002.10 .
Nasdaq Composite
Resistance should appear near 1858 to 1865.
Support should appear near 1822 to 1808
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 114-22 then 115-07 and 115-22
Support is at 114-07
then 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
Resistance is at 386.7 and 390.9 to 392.9
December
Copper
Recommended Open position Short at 8200
Support should appear near
8225 to 8195 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 506.5 to 505.5 and 499.5 to
497.5
Resistance is at 512.5 to 514 and 520 to 521.5
The
Exciting Energies
November
Crude Oil
Support should appear near 2937 to
2928 and 2883 to
2874
Resistance is at 2972 to 2990
and 3036 to 3045
November Unleaded
Gas
Resistance should appear near 8115 to 8135
and 8300 to 8315
Support should appear near 7955 to 7940
and 7865 to 7835
November
Heating Oil
Recommended open Position Long 2 at 7230
Resistance is
at 8025 to 8045 and 8190 to 8225
Support should appear near 7955 to 7950 and 7865 to 7835
The Lively Livestock
December
Live Cattle
Recommended open Position
Short at 8297
Support should
appear near 8497 to 8482
Resistance is at 8562 to 8592 and 8667 to 8682
December Lean Hogs
Support is at 5432 to 5417 and 5357 to 5347
Resistance is at 5492 to 5507 then
5552 to 5577 and 5637 to 5652
February Pork
Bellies
Recommended open Position Short
2 at 8797 avg
Support should appear near 8682 to 8667 and 8587 to 8557
Resistance is
at 8762 to 8777 and 8857 to 8872
The
Grande’ Grains
November Soybeans
Resistance is at 680 3/4 to 683 3/4 and 690 3/4 to 691 3/4
Support should appear at 675 1/2 to 674 1/2 and the 667 1/2 to 665 3/4 region.
December
Soymeal
Recommended open Position Short 203.1
Support should appear near 199.6 to 198.2 and 195.3 to 194.6
Resistance should appear near 203.4 to 204.2 and 208.0 to
208.8
December Soybean Oil
Resistance should
appear near 2511 to 2519
Support should appear near 2469 to 2462 and 2419 to 2411
December Corn
Recommended open Position Long 222
3/4
Resistance should appear near 221 3/4 to 222 3/4
Support is at 218 1/2 to 217
December CBOT Wheat
Recommended open Position Long at 353
Support should appear near 362
1/4 to 361 1/4 and 356
1/4 to 355
Resistance is at 366 1/4 to 368 1/4 and
the 373 to 374 1/4 region.
The Satisfying Softs
December the
‘Monster’ Coffee
Recommended open Position Long 2 at
6755
Support is near 6430 to 6415 and 6350
to 6335
Resistance should appear near 6575 to 6590 and 6655 to 6670
December Cocoa
Resistance is at 1569 to 1576 and 1609 to 1615
Support should appear near 1535 to 1529 and 1496 to 1484
March Sugar
Recommended open Position Long 2 at 625 avg
Support should appear near 634 to 630 and 609 to 601
Resistance should appear near 656 to 661
December
Cotton
Recommended open Position Long 6775
Support should appear near 6740 and 6670 to 6655.
Resistance should appear near 6810 to 6835 and the 6990 to 7005 region..
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 October
1st, 2003
4:00 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.
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