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 21st  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 20th, 2003
2:15 PM Eastern time  

The ‘Frenzied’ Forex Front

December Yen
Recommended Open position Short at 9088
Support should appear near 9060 to 9044, a close under augurs for a test of 8964 to 8934 and the 8871 to 8857 region.  

Resistance should appear near 9140 to 9156 and 9237Beyond that sellers should appear near 9316 to 9347

BW Traders should go Short if a close under 9136 occurs

December Euro Currency (EC)
Support
should appear at 11605 then 11500 and 11430. BW  Traders can buy at 11434 and 
hold for higher prices..  

Resistance is at 11665 to 11690 and 11755.

BW Traders should go long if a close over 11697 occurs. 

December Swiss Franc
Resistance
should appear near the 7586 to 7601 region..

Support
should appear near 7513 to 7487 and 7428 to 7414

BW  Traders should go long if a close over 7608 occurs

December  British Pound
Support
should appear near 1.6638 and 1.6550 to 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 1.6710 , a close over is friendly and augurs for a test of the 1.6890 to 1.6960 

BW Traders should go long if a close over 1.6727 occurs 

December Canadian Dollar
S
upport should appear near 7513 to 7486 and 7342 to 7328 .. BW  Traders can buy at 7346
and risk a close under 7228 for three days in a row.. 

Resistance is at  the 7586 to 7601 and 7675 to 7689, a close over augurs for a test of 7763 to 7777 

BW Traders should go long if a close over 7613 occurs 

December Aussie Dollar
Support 
should appear near 6836 to 6809 and 6755 to 6741 BW  Traders can buy at 
6843 for a bounce and hold for higher prices .  

Resistance
should appear at  6906 to 6919, a close over augurs for a test of 6990 to 7003 

BW Traders should go long if a close over 6926 occurs.

                    The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance
should appear near 9779, beyond that sellers should appear near 9821 to 9837

Support should appear near 9707 , an extended slip under augurs for a test of 9641 to 9625 .

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 to 1032 , a close under is negative augurs for a test of  1013.60 to 1010.40 Below that buyers should appear near 1005.00 and 1003.70 to 1002.10.

BW Traders should go short if a close under 1031.70 occurs

Nasdaq Composite
Resistance
should appear near 1946 to 1953 and the 1982 to 1996 region. 

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 

Support is at 1383 to 1377 and 1346 to 1334

December 10 Year T-Note 
Resistance
should appear near 111-23 and 112-07

Support
is at 111-07 and 110-22

                                          Precious Metals             
December Gold

Support should appear at 374.3 to 373.0 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.. a close over 380.6 is friendly and augurs for a test of 385.8 to 386.7 

BW  Traders should on a close over 374.8

December Copper
Recommended Open position Short at  8555 

Support
should appear near 9060 to 9045 and 8965 to 8935

Resistance should appear near 9140 to 9155 and 9235 

December Silver
Support
should appear 497.5 and 485.5 to 484.5 
BW Traders can buy at 486.5 and risk a close under 475.5 for three days in a row.

Resistance
is at  505.5 to 506.5 and the 512.5 to 514.00 region.

                           The Exciting Energies

December Crude Oil
Support
should appear at 3036 then 2990 to 2972 and 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 3148 to 3157 

BW
Traders should go long if a close over 3115 occurs

December Unleaded Gas
Recommended open Position Long at 8135
Resistance should appear near 8300 to 8315 and the 8390 to 8405 region.

Support should appear near  8225 to 8190 and the 8135 to 8115  region

BW Traders should go long if a close over 8410 occurs

December Heating Oil
Recommended open Position Long at 8230

Resistance
is at 8390 to 8405 and 8560 to 8590 … 

Support should appear near 8315 to 8300 then 8225 to 8190 and 8135 to 8115 

BW Traders should go  long if a close over  8415 occurs

                            
   The Lively Livestock

February  Live Cattle
Recommended open Position Short at 8297
Resistance
should appear near 8302 to 8317 and 8392 to 8407

Support  is at  8222 to 8192   

December Lean Hogs 
Recommended open Position Short 2 at 5697 avg
Support
is at 5732 to 5717 and 5637 to 5652 and the 5577 to 5552 region 

Resistance is at 5792 to 5807 and 5857 to 5882

February
Pork Bellies
Recommended open Position Short 2 at 8697 avg
Support
should appear near 8502 to 8482 and the 8407 to 8392 region .

Resistance is at 8667 to 8682 and 8762 to 8777

                               The Grande’ Grains

January Soybeans
Resistance
is at 732 3/4  to 734 1/2  and the 748 3/4 to 751 1/4  region

Support should appear at 725 3/4 to 724 1/4, a close under augurs for a test 717 to 714 1/4 

BW Traders should go Short if a  close under 723 3/4 occurs

November Soybeans 
Recommended open Position Short 690 3/4

December Soymeal 
Recommended open Position Short 203.1
Support
should appear near 218.5 to 217 and 213.4 to 212.6.

Resistance should appear near 222.6 and the 226.7 to 227.5 region.

December Soybean Oil
Resistance should appear near 2663 to 2672 and the 2716 o 2724 region

Support should appear near 2620 to 2612 and 2568 to 2552

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

Support
is at 213 1/2 to 212 3/4  and 208 3/4  to 208

December CBOT Wheat
Recommended open Position Long 344 3/4
Support
should appear near  331 3/4 and 327 to 326 1/4

Resistance is at  337 3/4  to 338 3/4 and 342 1/2 to 344 1/4  .

                                               The Satisfying Softs

December the ‘Monster’ Coffee
Recommended open Position Long 2 at 6300 avg
Support
is near 6120 to 6105 and 6030 to 6020

Resistance
should appear near the 6165 to 6190 region… a close over is friendly and augurs for a test of 6335 to 6350 

December Cocoa 
Support
is at  1383 to 1377 and 1346 to 1334

Resistance
should appear near 1415 to 1421 and  1453 to 1459

March Sugar
Support
should appear near 586 to 583

Resistance should appear near 609 and 630 to 634.

December Cotton
Support should
appear near 7515 to 7485 and 7430 to 7415

Resistance should appear near 7585 to 7605  and the 7675 to 7690

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 21 2003
3:30 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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