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 16th  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 15th, 2003
3:00 PM Eastern time  

          
                                                              The ‘Frenzied’ Forex Front
December Yen
Support should appear near 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 11500. 
Aggressive BW Traders can buy at 11500 for a bounce and initially risk a close under 11459 for three days in a row..

Resistance is at 11640 to 11665 and 11690  

December
Swiss Franc
Resistance should appear near 7549 and 7587 to 7601 

Support should appear near 7513 to 7486 and the 7428 to 7414 region. 

December  British Pound
Support should appear near 1.6550 and 1.6486

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 6809 and 6755 to 6741

Resistance
should appear at 6906 to 6919

            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 1453 to 1459 
 
Support
is at  1415 and 1383 to 1377

December 10 Year T-Note
Resistance
should appear near 111-23 and 112-08

Support
is at  110-22 and 110-07 

                                The Precious Metals    

December Gold
Support should appear at 373 .. a slip or close under augurs for a test of 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 8870 to 8855 and 8775 to 8760  

Resistance should appear near 9140 to 9155 and 9315 to 9345

December Silver
Support
should appear 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

December Crude Oil
Support
should appear near 3157 to 3145 and 3102 to 3092  

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 8760 to 8770 and 8855 to 8870

Support
should appear near 8685 to 8665 and 8495 to 8485 

                                The Lively Livestock

December Live Cattle
Support 
9062 to 9042 and 8872 to 8857 

Resistance is at 9237 then 9317 to 9347 and 9392 to 9407 

December Lean Hogs 
Recommended open Position Short at 5632 
Support
is at  5957 to 5942

Resistance
is at 6257 to 6272   

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

Resistance is at  9317 to 9347

                        The Grande’ Grains

November Soybeans
Recommended open Position Short 690 1/4
Resistance
is at  732 3/4 to 734 1/4 and 748 3.4 to 751 3/4 

Support
should appear at 717 to 714 and 708 3/4 to 707 3/4 

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

Resistance should appear near 221.9 to 222.6 

December Soybean Oil
Resistance should appear near 2663 to 2672 and 2716 to 2724.

Support
should appear near 2568 to 2552

December Corn
Resistance
should appear near 217 to 218 1/2 

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 327 to 326 1/4 

Resistance
is at 342 1/2 to 344 1/2 and 349 1/4 to 350 1/4 
  

                                  The Satisfying Softs

December  the ‘Monster’ Coffee
Recommended open Position Long 2 at 6300 avg 
Support
is near 6105 and 6035 to 6025  

Resistance
should appear near 6165 to 6190 and 6255 to 6270 

December Cocoa 
Support
is at 1459 to 1453 and 1421 to 1415

Resistance should appear near 1484 to 1496 and 1529 to 1535

March Sugar
Support should appear near 609 to 601 and 586 to 583

Resistance should appear near 630 to 634 

December Cotton
Resistance should appear near 7760 to 7780 

Support should appear near 7340 to 7325 and 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

Wed October 15th  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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