Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds
- Dow Jones - Nasdaq - SP500
Precious Metals - Energy - Livestock -
Grains - Softs
FuturesCom
Investment Publications
Morning Comments, Wednesday October 8th
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
Tuesday October 7th, 2003
2:00
PM Eastern time
December Yen
Support should appear near 9100 and 9060 9044
Resistance should appear near the 9140 to 9156 region..
December Euro
Currency (EC)
Recommended Open position Long at
11678
Support should appear at 11730
then 11690 to 11665 and 11640
Resistance is at 11755 and 11805, beyond that sellers should appear near
11920 to 11955 and 12030
December Swiss Franc
Resistance should appear
near 7675 to 7690
Support should
appear near 7601 to 7587 and 7547
December British Pound
Support should appear near
.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 1.6550
and 1.6638
December Canadian Dollar
Recommended Open position Long at
Support should appear near 7486
and 7428 to 7414
Resistance is at 7513
and 7587 to 7601
December Aussie Dollar
Recommended Open position Long at
6794
Support should appear
near 6836 to 6809
Resistance should appear at the 6906 to
6919 region
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 1383 to 1377 and 1346 to 1334
December
10 Year T-Note
Resistance should
appear near 112-22 and 113-07.
Support is at 112-09
The
Precious Metals
December Gold
Recommended Open position Long at 388.30
Support should appear at 374.3 to 373 then 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 379.5 to 380.6
December
Copper
Recommended Open position Short at 8200
Support should appear near
8405 to 8390
Resistance should appear near 8485 to 8495
and the 8560 to 8590 region..
BW Traders can sell at 8555 and risk a close over 8785 for three days in a row.
.
December Silver
Support should appear 485.5 to 484.5 and 478.5 to 477
Resistance is at 491.5 to 492.5 and 497.5 to 499.5
The
Exciting Energies
November
Crude Oil
Support should appear at
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
November Unleaded
Gas
Recommended open Position Long at 8325
Resistance should appear near
8390 to 8405 and 8485 to 8505
Support should
appear near 8315 to 8300 and the 8135 to 8115 region.
BW Traders should go long if a close over 8595 occurs..
November
Heating Oil
Recommended open Position Long at 8135
Resistance is
at 8225 and 8300 to 8315
Support should appear near 8135 to 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
8937 to 8967 and 9042 to 9062
Support is at 8872
to 8857
December Lean Hogs
Recommended open Position
Short 2 at 5560 avg
Support is at 5577 to 5552 and 5507 to 5492
Resistance is at the 5637 to 5652 region
.. Beyond that sellers should appear near 5717 to 5732
BW Traders should go short if a
close under 5412 occurs.
February Pork
Bellies
Recommended open Position Short
2 at 8697 avg
Support should appear near 8687 to 8662 and 8592 to 8562
Resistance is
at 8762
to 8777.and the 8857 to 8862 region
BW Traders should go short if a close under 8487 occurs
The
Grande’ Grains
November Soybeans
Recommended open Position Short 690 1/4
Resistance is at the 690 3/4 to 691
3/4. Beyond that resistance should appear near 699 to 700 ˝ 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 199.6 to 198.2
Resistance should appear near 203.4
to 204.2 and the 208.0 to 208.8 region..
December Soybean Oil
Resistance should appear near the 2552 to 2568 region..
Support should appear near 2519 to 2511
December Corn
Recommended open Position Long at
221 1/2
Resistance should appear near 226 3/4 to 227
Support is at 222 3/4 to 221 3/4
BW Traders should go long if a close over 227 1/4 occurs.
December CBOT Wheat
Recommended open Position Long 2 at 348 3/4 avg
Support should appear near 332 3/4 to 331
3/4 .
Resistance is at 337 3/4 to 338 3/4
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 2 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 6755 to 6740
Resistance should appear near 6805 to 6835 and the 6905 to 6920
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
Tuesday October 7th 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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