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 23rd
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 22nd, 2003
2:00 PM Eastern time
The
‘Frenzied’ Forex Front
December Yen
Recommended Open position Short at 9088
Support should appear near 9156 to 9140
Resistance should appear near 9237 the 9316 to 9347
region
December Euro
Currency (EC)
Support should appear at 11755 and 11690 to 11665
Resistance is at
11805 then 11867 11920 to 12030
December Swiss
Franc
Resistance should appear near the
7675 to 7689 region..
Support should appear near 7601 to 7587
December
British Pound
Support should appear near 1.6720 and 1.6638.
Resistance should appear near the 1.6890 to 1.6960 region
December Canadian Dollar
Support should appear near 7601
to 7586
Resistance is at
the 7675 to 7689
December Aussie Dollar
Support should appear near 7002
to 6990
Resistance should appear at 7074
to 7088
The
Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear
near 9625 to 9641 and 9707
Support should appear near 9542 to 9526 region. Which should hold.. Failure there indicates a test of 9347 to 9316 region.
December SP500
Recommended Open position Short at 1016.20
Resistance should appear near 1032 to 1036 and 1047.00
Support should appear near
1018.50 and 1013.60
to 1010.40
BW
Traders should go short if a close under 1031.70 occurs
Nasdaq Composite
Resistance should appear near 1927.5 and 1946 to 1953
Support should appear near 1902 and 1865 to 1858 …
December Mini
Nasdaq 100
Resistance is at 1415 to 1421
Support is at 1383 to 1377 and 1346 to 1334
December
10 Year T-Note
Resistance should
appear near 112-23 and 113-07
Support is
at 112-07 and 111-23
Precious
Metals
December Gold
Support should appear at 385.8 and 380.6 to 379.5
Resistance is at 390.9 to 392.5
December
Copper
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 506.5 to 505.5 and 499 to 497
Resistance is at 514.00 and 520
to 521.5
The
Exciting Energies
December
Crude Oil
Support should appear at 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.
December Unleaded
Gas
Resistance
should appear near 8115 to 8135 and 8300 to
8315
Support should appear near
7955
to 7940 and the 7865 to 7836 region.. which should stop a decline..
BW traders can buy at 7870 and hold for higher prices
December
Heating Oil
Resistance is
at 8300 to 8315 and 8390 to 8405
Support should appear near 8225 to 8190 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
8302 to 8317 and 8392 to 8407
Support is at
8222 to 8197 and 8137
December Lean Hogs
Support
is at 5212 to 5197
Resistance is at 5417 to 5432 and 5402 to 5507
February Pork Bellies
Support
should appear near 8407 to 8392 and 8317 to 8302
Resistance is
at 8482 to 8502 and 8557 to 8587
January Soybeans
Resistance is at 767 1/2 to 768 3/4
and 776 1/4 to 777 3/4
Support should appear at 742 3/4 to 741 3/4
December
Soymeal
Support should appear near 241.1 to 241.9
Resistance should appear near 227.5 to 226.7
December Soybean Oil
Resistance should appear near 2663 to 2672 and the 2716 o 2724 region
Support should appear near 2620 to 2612
December Corn
Resistance should appear near 221 3/4 to 222 3/4 and 226 3/4 to 227
1/2
Support is at 218 1/2 to 217
December CBOT Wheat
Support
should appear near 350
1/4 to 349 1/4
Resistance is at 361 1/4 to 362 1/4 and 366 1/4 to 368 1/4
The
Satisfying Softs
December the ‘Monster’ Coffee
Support is 6115 to 6105 and 6035 to 6020
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 601 to 609 .
December Cotton
Support should appear near 7605 to 7585
Resistance should appear near 7940 to 7955
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 22nd
, 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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