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, Tuesday October 7th 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

Monday October 6th, 2003
2:00 PM Eastern time

The ‘Frenzied’ Forex Front
December Yen
Support should appear near 8964 to 8934, a close under augurs for a test of 8871 to 8857

Resistance should appear near 9044 to 9060 and the 9140 to 9156 region..

December Euro Currency (EC)
Recommended Open position Long at 11676
Support should appear at 11640 and 11605

Resistance is at 11690 and 11755, beyond that sellers should appear near 11805

December Swiss Franc
Recommended Open position Long at 7588
Resistance should appear near 7601 and 7675 to 7690

Support should appear near 7547 and 7513 to 7486

December British Pound
Recommended Open position Long at 11610
Support should appear near 1.6550 then 1.6484 and 1.6420
BW Traders can buy at 1.6486 and risk a close under 1.6412 for three days in a row..

Resistance should appear near 1.6638 and 1.6710 , a close over is friendly and augurs for a test of the 1.6890 to 1.6960

December Canadian Dollar
Support should appear near 7414 and 7342 to 7328 …
BW Traders can buy at 7346 and risk a close under 7228 for three day in a row..

Resistance is at the 7486 to 7513 region
BW Traders should go long if a close over 7432 occurs

December Aussie Dollar
Recommended Open position Long at 6794
Support should appear near 6755 to 6741

Resistance should appear at 6809 to 6836 region. Beyond that sellers should appear near 6906 to 6919

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9625 to 9641 and the 9707 to 9737 region… Above that sellers should appear near 9821 to 9837

Support should appear near 9542 to 9526 a close under augurs for a test of 9445 to 9429

December SP500
Recommended Open position Short at 1016.20
Resistance should appear near the 1036.00 region, beyond that sellers should appear near 1047.00 then 1058.00 to 1068.00

Support should appear near 1032.00 and 1018.50

Nasdaq Composite
Resistance should appear near 1902 to 1909 then 1946 to 1953

Support should appear near 1865 to 1858,

December Mini Nasdaq 100
Resistance is at 1415 to 1421 ..beyond that sellers should appear near 1453 to 1459 and the 1484 to 1496 region..

Support is at 1377 and 1346 to 1334

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

Support is at 112-09 and 11-23

The Precious Metals

December Gold
Recommended Open position Long at 388.30
Support should appear at 368.20 to 366.20 and the 362.3 to 361.3 region.
BW Traders can buy at 362.7 and risk a close under 354.90 for three days in a row..

Resistance is at 374.3 and 379.5 to 380.6

December Copper
Recommended Open position Short at 8200
Support should appear near 8315 to 8300

Resistance should appear near 8390 to 8405 and the 8485 to 8495 region.

December Silver
Support should appear 478.5 to 477 and the 465 to 463 region

Resistance is at 484.5 to 485.5 and 497.5 to 499.5

The Exciting Energies

November Crude Oil
Support should appear 3036 and the 2990 to 2972 region.. Below that buyers should appear near
2937 to 2928.. BW Traders can buy at 2941 and risk a close under 2869 for three days in a row..

Resistance is at 3092 to 3102 and the 3148 to 3157 region.

November Unleaded Gas
Recommended open Position Long at 8325
Resistance should appear near 8485 to 8505 and 8560 to 8590

Support should appear near 8405 to 8390 and the 8315 to 8300 region

BW Traders should go long if a close over 8595 occurs..

November Heating Oil
Recommended open Position Long at 8135
Resistance is at 8190 to 8225 and 8300 to 8315

Support should appear near 8115 then 8045 to 8030 and the 7955 to 7940 region

BW Traders should go long if a close over 8230 occurs

The Lively Livestock

December Live Cattle
Resistance should appear near 8777 and 8857 to 8872

Support is at 8682 to 8667
BW Traders should go short if a close under 8552 occurs..

December Lean Hogs
Recommended open Position Short 5487
Support is at 5507 to 5492 and 5432 to 5417

Resistance is at 5552 to 5577 and the 5637 to 5652 region BW Traders can sell at 5632 and risk a close over 5757 for three days in a row
BW Traders should go short if a close under 5412 occurs.

February Pork Bellies
Recommended open Position Short at 8737
Support should appear near 8502 to 8487 , a close under is negative and augurs for a test of 8407 to 8392

Resistance is at 8587 and the 8662 to 8687 region. Beyond sellers should appear near 8762 to 8777.
and the 8857 to 8862 region.. BW Traders can sell at 8657 and hold for lower prices..
BW Traders should go short if a close under 8487 occurs

The Grande’ Grains

November Soybeans
Resistance is at the 690 3/4 to 691 3/4 BW Traders can sell at 690 1/4 and hold for lower prices..
Beyond that resistance should appear near 699 to 700 ½ and the 707 to 708 region..

Support should appear at 683 3/4 to 680 3/4 and 675 1/2 to 674 1/4

BW Traders should go short if a close under 673 1/2 occurs..

December Soymeal
Recommended open Position Short 203.1
Support should appear near 198.2 and 190.9 to 190.2

Resistance should appear near 203.4 to 204.2 and the 208.0 to 208.8 region..

December Soybean Oil
Resistance should appear near 2511 to 2519 and the 2552 to 2568 region..

Support should appear near 2469 to 2461 ,

December Corn
Recommended open Position Long at 221 1/2
Resistance should appear near 222 3/4 and 226 3/4 to 227
Support is at 218 1/2 to 217 . Below that buyers should appear near 213 1/2 to 212 3/4
BW Traders should go long if a close over 227 1/4 occurs.

December CBOT Wheat
Recommended open Position Long 2 348 3/4 avg
Support should appear near 338 3/4 to 337 3/4 and 332 3/4 to 331 3/4 .

Resistance is at 342 1/2 to 344 1/2
BW Traders should go Long if a close over 355 ¾ occurs

The Satisfying Softs

December the ‘Monster’ Coffee
Recommended open Position Long at 6475
Support is near 6270 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 6335 to 6350 and 6415 to 6430
BW Traders should go long if a close over 6595 occurs.

December Cocoa
Support is at 1535 to 1529 and1496 to 1489

Resistance should appear near 1569 to 1576

March Sugar
Recommended open Position Long at 637 avg
Support should appear near 609 to 601 and 586 to 583

Resistance should appear near 630 to 634

December Cotton
Recommended open Position Short 6830
Support should appear near 6835 to 6810 and 6755 to 6740

Resistance should appear near the 6905 to 6920 region.. Beyond that sellers should occur near 6990 to 7005 and the 7074 to 7090 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

Monday October 6th 2003
3:00 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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