Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500 
Precious Metals - Energy - Livestock - Grains - Softs


FuturesCom Investment Publications
Morning Comments, Wed October 22nd  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 21st, 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 

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

December Euro Currency (EC)
Support
should appear at 11605 ,, below that buyers should appear near 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 
Resistance is at  the 7586 to 7601 and 7675 to 7689
BW Traders should go long if a close over 7613 occurs 

December Aussie Dollar
Recommended Open position Long at 6947
Support  should appear near 6919 to 6906 and 6836 to 6809. 
BW  Traders can buy at 6843 for a bounce and hold for higher prices . 

Resistance
should appear at  6990 to 7003

                    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 9737 to 9707 and  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

Traders should go short if a close under 1031.70 occurs

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

Support should appear near 1909 to 1902 

December  Mini Nasdaq 100
Resistance
is at  1453 to 1459 and the 1484 to 1496 region..

Support is at 1421to 1415 and 1383 to 1377 

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

Support
is at  111-22 and 111-07

                                          Precious Metals             
December Gold

Support should appear at  380.6 to 379.5 and 374.3 to 373.0..

Resistance is at 385.8 to 386.7 and 390.9 to 392.9

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 505.5 then 499 to 497 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 512.5 to 514.00 and 520 to 521.5.

                          The Exciting Energies

December Crude Oil
Support
should appear at 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 3036 to 3045 and 3092 to 3102. 

BW
Traders should go long if a close over 3115 occurs

December Unleaded Gas
Resistance
should appear near 8300 to 8315 and the 8390 to 8405 region.

Support should appear near 8190 then 8135 to 8115 and 8045 to 8025

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 and 8135 to 8115

BW Traders should go  long if a close over  8415 occurs

                           
   The Lively Livestock

February  Live Cattle
Resistance should appear near 8482 to 8507 and 8557 to 8587

Support  is at 8392 and 8317 to 8302 

December Lean Hogs 
Support
is at 5507 to 5492 and 5432 to 5417

Resistance is at 5637 to 5657 and 5717 to 5727

February
Pork Bellies
Support
should appear near 8317 to 8302 and 8137 to 8117

Resistance is at 8392 to 8407 and 8482 to 8502 

                               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 222.6 to 221.9 and 218.5 to 217 .

Resistance should appear near 226.7 to 227.5 and 231.5 to 232.2 .

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

Support should appear near  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  338 3/4 to 337 3/4 and 332 3/4 to 331 3/4

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

                                               The Satisfying Softs

December the ‘Monster’ Coffee
Recommended open Position Long at 6125
Support
is  6225 to 6190 and 6115 to 6105

Resistance
should appear near 6335 to 6350 and 6415 to 6430 

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

Tuesday October 21 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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