Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds
- Dow Jones - Nasdaq - SP500
Precious Metals - Energy - Livestock -
Grains - Softs
FuturesCom
Investment Publications
Morning Comments, Friday October 24th
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
Thursday October 23rd, 2003
2:00 PM Eastern time
The
‘Frenzied’ Forex Front
December Yen
Recommended Open position Short at 9088
Support should appear near 9060 to 9044
Resistance should appear near 9140 to 9156 then 9237
and 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 1.6890 to 1.6960 and
171.3
December Canadian Dollar
Support should appear near 7601
to 7586 and the 7313 to m7486 region
Resistance is at
the 7675 to 7689 and 7763 to 7777
December Aussie Dollar
Support should appear near 6919
to 6909
Resistance should appear at 6990 to
7002 and 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 2 at 1023.30 avg
Resistance should appear near 1032 to 1036 and 1047.00
Support should appear near 1018.50
and 1005 to 1000
Nasdaq Composite
Resistance should appear near 1902 to 1909 and 1927.5
Support should appear near 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 112-07 and 112-23
Support is
at 111-23 and 111-07
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 9045 and 8965 to 8935
Resistance should
appear near 9140 to 9155 and 9235
December Silver
Support should appear 514 to 512 and 506.5 to 505.5
Resistance is at 520
to 521.5 and 525.5 to 528.5
The
Exciting Energies
December
Crude Oil
Recommended Open position Long at 2941
Support should appear at
2990 to 2972 and 2937 to 2928.
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 8485 to 8505
Support should appear near 8135
to 8115 and the 7865 to 7836
region
BW Traders should go long if a close over 8410 occurs
December
Heating Oil
Resistance is
at 8390 to 8405 and 8560 to 8590
Support should appear near 8225 to 8190 and 8045 to 8025.
BW Traders should go long if a
close over 8415 occurs
The
Lively Livestock
February
Live Cattle
Resistance should
appear near
8557 to 8577
Support is at
8407 to 8392 and 8317 to 8302
December Lean Hogs
Support
is at 5212 to 5197 and 5142 to 5127
Resistance is at 5342 to 5357 and 5417 to 5432
February Pork Bellies
Support
should appear near 8407 to 8392 and 8317 to 8302
Resistance is
at 8557 to 8587 and 8762 to 8777
January Soybeans
Resistance is at 767 1/2 to 768 3/4
and 776 1/4 to 777 3/4
Support should appear at 760 to 758 3/4 and 751 1/4 to 748 1/2
December
Soymeal
Resistance should appear near 246.1 to 246.9 and 251.1 to 251.9
Support should appear near 237 to 235.4 and 227.5 to 226.7
December Soybean Oil
Resistance should appear near 2716 o 2724 region
Support should appear near 2670 and 2620 to 2612
December Corn
Resistance should appear near 241 1/4 to 241 3/4
Support is at 227 1/2 to 226 3/4
December CBOT Wheat
Support
should appear near 379
1/2 to 380 3/4 and 385 3/4 to 386 3/4
Resistance is at 362 1/4 to 361 1/4 and 356 1/2 to 355 1/2
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 7865 to 7835 and 7780 to 7765
Resistance should appear near 8300 to 8315
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
Thursday October 23rd, 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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