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 14th  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 13th, 2003
4:00 PM Eastern time  

          
                                                              The ‘Frenzied’ Forex Front

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 11665 and 11640. Below that an eventual test of 11500 is likely. 
Aggressive BW Traders can buy at 11500 for a bounce and initially risk a close under 11459 for three days in a row.  .. below that buyers should step  near 11360 to 11320 then 11225 and the 11010 to 10960 region.. which should contain any decline for some time.. .. BW Traders can buy at 11367 and hold for higher prices..

Resistance is at 11755 then 11805 and 11920 to 12030 

December
Swiss Franc
Resistance should appear near 7587 to 7601 and 7634

Support should appear near 7547 and the 7513 to 7486 region. 

December  British Pound
Support should appear near 1.6550  then 1.6484 and 1.6420

Resistance should appear near 1.6638 and 1.6720
 
December Canadian Dollar

Support should appear near 7513 to 7486 

Resistance is at  7587 to 7601   

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  9821 to 9837

Support should appear near 9737 to 9706

December SP500

Recommended Open position Short at 1016.20
R
esistance 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 1421 and 1453 to 1459 
 
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  112-07 and 111-23

                                The Precious Metals    

December Gold
Support should appear at 374.3 to 373 the  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 2 at 8380 avg
Support should appear near 8685 to 8665 and 8590 to 8560 

Resistance should appear near 8935 to 8965 and 9045 to 9060

December Silver
Support
should appear 494.5 to 492.5 and 485.5 to 484.5

Resistance is at  497.5 to 499.5 and 505.5 to 506.5 

                        The Exciting Energies

November Crude Oil
Support
should appear near 3157 to 3145   

Resistance
is at  3194 to 3213 and 3261 to 3270

November Unlead
ed Gas
Resistance should appear near 8855 to 8870 and 9045 to 9060 

Support should appear near 8680 to 8665 and 8405 to 8390 

November Heating Oil

Resistance is at 8766 to 8770 and 8855 to 8870

Support
should appear near 8685 to 8665 and 8495 to 8485 

                                The Lively Livestock

December Live Cattle
We have Suspended our Live Cattle coverage until it trades again. 


December Lean Hogs 
Recommended open Position Short 2 at  5560 avg 
Support
is at 5955 to 5940. 

Resistance
is at 6102 to 6112 and 6162 to 6192   

February
Pork Bellies
Recommended open Position Shortat 8697 avg
Support
should appear near 9062 to 9042 and 8967 to 8932  

Resistance is at 9317 to 9347 and 9392 to 9407 

                        The Grande’ Grains

November Soybeans
Recommended open Position Short 690 1/4
Resistance
is at 732 1/2 to 734 1/4 and 741 1/4 to 742 1/4 .

Support
should appear at 717 to 714 and 708 to 707  

December Soymeal
Recommended open Position Short 203.1
Support
should appear near 213.4 to 212.6 and 204.2 to 203.4
 

Resistance should appear near 217 to 218.5  and 221.9 to 222.6 

December Soybean Oil
Resistance should appear near 2672 and 2716 to 2724.

Support
should appear near 2620 to 2612 and 2568 to 2552

December Corn
Resistance
should appear near 218 1/2 and 221 3/4 to 222 3/4 

Support is at 213 1/2 to 212 3/4  

December CBOT Wheat
Recommended open Position Long 2 at 348 3/4 avg
Support
should appear near 332 3/4 to 331 3/4 and 321 1/4 to 319 1/2 

Resistance
is at 342 1/2 to 344 1/2 
  

                                  The Satisfying Softs

December  the ‘Monster’ Coffee
Recommended open Position Long 2 at 6300 avg 
Support
is near 6035 to 6025 and 5955 to 5940 

Resistance
should appear near 6165 to 6190

December Cocoa 
Support
is at 1484 and 1459 to 1453

Resistance should appear near 1529 to 1535

March Sugar
Support should appear near 586 to 583

Resistance should appear near 601 to 609

December Cotton
Recommended open Position Short 6830

Support should
appear near 7090 to 7075 and 7005 to 6990

Resistance should appear near 7240 to 7255  

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 13th  2003
5:00 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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