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 October 10th
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 October 9th, 2003
5:00
PM Eastern time
December Yen
Support should appear near 9156 to 9140 , a close under augurs for a test
of 9060 to 9044 and most likely the
8965 to 8934 region
Resistance should appear near 9235
, Beyond that sellers should appear near
9316 to 9347.
BW Traders can sell at 9312 and hold for lower prices.. initially
risk a close over 9455 for three day in a row….
December Euro
Currency (EC)
Support should appear at 11690 to 11665 and 11640
Resistance is at 11755 and 11805
December Swiss Franc
Resistance should appear
near 7634 and 7675 to 7690
Support should
appear near 7601 to 7587 and 7547
December British Pound
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 1.6720
December Canadian Dollar
Support should appear near 7428 to 7414
Resistance is at
7486 to 7513
December Aussie Dollar
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 the
9707 to 9737
region… Above that sellers should appear near 9821 to 9837
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 1068.00
Support should appear near 1036.00 to 1032.00
Nasdaq Composite
Resistance should appear near 1946 to 1953
Support should appear near 1909 to 1902 and 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 112-07 and 112-22.
Support is at 111-23 and 111-07
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 373.0 to 374.3
December
Copper
Recommended Open position Short 2 at 8380 avg
Support should appear near
8495 to 8485 and 8405 to 8390
Resistance should appear near 8560 to 8590
and 8660 to 8685
December Silver
Support should appear 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 near 3092
and 3045 to 3036
Resistance is at 3148 to 3157 and 3194 to 3213
November Unleaded
Gas
Recommended open Position Long 2 at 8570 avg
Resistance should appear near
9045 to 9060 and 9140 to 9155
Support should
appear near 8680 to 8665 and 8590 to 8560
November
Heating Oil
Recommended open Position Long at 8540
Resistance is
at 8665 to 8685 and 8765 to 8780
Support should appear near 8495 to 8485 and
8405 to 8390
The
Lively Livestock
December
Live Cattle
Resistance should
appear near
9140 to 9155
Support is at 9060
to 9042 and 8965 to 8935
December Lean Hogs
Recommended open Position
Short 2 at 5560 avg
Support is at 5652 to 5637 and the 5577 to 5552 region.
Resistance is at 5717 to 5732 and 5792 to 5807
February Pork
Bellies
Recommended open Position Short
2 at 8697 avg
Support should appear near 8777 to 8762 and 8687 to 8662
Resistance is
at 8857 to 8872 and 8932 to 8967
The
Grande’ Grains
November Soybeans
Recommended open Position Short 690 1/4
Resistance is at 699 to 700 1/2 and the 707 to 708
region..
Support
should
appear at 691 3/4 to 690 3/4 and 683 3/4 to 680 3/4
BW Traders should go short if a close under 673 ¼ occurs..
December Soymeal
Recommended open Position Short 203.1
Support should appear near 204.2 to 203.4 and 199.6 to 198.2
Resistance should appear near 208.0 to 208.8
and 212.6 to 213.4
December Soybean Oil
Resistance should appear near 2511 to 2519 and 2552 to 2568 region..
Support should appear near 2469 to 2461 and 2419 to 2411
December Corn
Recommended open Position Long at
221 1/2
Resistance should appear near 226 3/4 to 227
Support is at 218 1/2 to 217
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 315 3/4 to
314 3/4 .
Resistance is at 331 3/4 to 332 3/4
The Satisfying Softs
December the
‘Monster’ Coffee
Recommended open Position Long 2 at
6300 avg
Support is near 6115 to
6105 and 6035 to 6025
Resistance should appear near 6255 to 6270 and 6335 to 6350
BW Traders should go long if a close over 6595
occurs.
December Cocoa
Support is at 1459 to 1453
and 1421 to 1415, which should hold..
Resistance should appear near 1484 to 1496
March Sugar
Support should appear near 601 and 586 to 583
Resistance should appear near 621 and 630 to 634
December
Cotton
Recommended open Position Short 6830
Support should appear near 6920 to 6905 and 6835 to 6805
Resistance should appear near 6990 to 7005 and the 7070 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
Thursday October 9th 2003
5:50 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.
-----------------------------------------------------------------------------------------
FuturesCom Investment Publications Copyright@1996-2003 all rights reserved