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 28th
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 27th, 2003
2:30 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
and the 9316 to 9347
region
December Euro
Currency (EC)
Support should appear at 11690 to 11665 and 11640
Resistance is at
11755 then11805 and 11867
December Swiss
Franc
Resistance should appear near the
7675 to 7689 region..
Support should appear near 7587 and 7513 to 7486
December
British Pound
Support should appear near 1.6890 and 1.6720.
Resistance should appear near 1.6960 and
171.3
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 and 9445 to 9429.
December SP500
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
Support should appear near 1865 to 1858 and 1822 to 1808
December Mini
Nasdaq 100
Resistance is at 1377 to 1383 and 1415 to 1421
Support is at 1346 to 1334
December
10 Year T-Note
Resistance should
appear near 112-23 and 113-07
Support is
at 112-07 and 111-22
Precious
Metals
December Gold
Support should appear at 386.7 to 385.8
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 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 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.. which should stop a
decline.
.BW traders can buy at 7870 and hold for higher prices
BW Traders should go long if a close over 8410 occurs
December
Heating Oil
Resistance is
at 8300 to 8315 and 8390 to 8405
Support should appear near 8135 to 8115 and 7955 to 7940
BW Traders should go long
if a close over 8415 occurs
The
Lively Livestock
February
Live Cattle
Resistance should
appear near
8667 to 8682 and 8762
Support is at
8592 to 8562 and 8502 to 8487
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 8502 to 8487 and 8407 to 8392
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 2663 to 2672
Support should appear near 2612 and 2568 to 2552
December Corn
Resistance should appear near 241 1/4 to 241 3/4
Support is at 232 1/4 to 231 1/2 and 227 1/2 to 226 3/4
December CBOT Wheat
Recommended Open position Long at 369 1/4
Resistance
should appear near 379
1/2 to 380 3/4
Support 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 6430 to 6415 and 6350 to 6335
Resistance should appear near 6485 to 6510 and 6655 to 6670
December Cocoa
Support is at 1415 and 1383 to 1377
Resistance should appear near 1453 to 1459
March Sugar
Support should appear near 609 to 601
Resistance should appear near 630 to 634.
December Cotton
Support should appear near 8040 to 8025 and 7955 to 7940
Resistance should appear near 8300 to 8315 and
8390 to 8405
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 27th, 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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