Economic and Investment Trend Analysis

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 November 4th 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 November 3rd, 2003
4:00 PM Eastern time

The ‘Frenzied’ Forex Front

December Yen
Support should appear near 8964 to 8934 and the 8871 to 8857 region.

Resistance should appear near 9044 to 9060

December Euro Currency (EC)
recommended open position short 11447
Support should appear at 11430. Below that buyers should step near 11360 to 11320.

Resistance is at 11580 to 11500 and 11570

Traders should go Short if a close under 11497 occurs.

December Swiss Franc
recommended open position short 7357
Resistance should appear near 7414 to 7428

Support should appear near 7342 to 7328 and the 7255 to 7243 region..
BW Traders can buy at 7257 for a bounce and risk a close under 7237 for three days in a row..

Traders should go short if a close under 7452 occurs

December British Pound
Support should appear near 1.6710 and the 1.6550 to 1.6420 region. Traders can buy at 1.6554 and risk a close under 1.6412 for three days in a row..

Resistance should appear near 16890 to 1.6960 and 1.710 to 1.7380

December Canadian Dollar
recommended open position short 7483
Support should appear near 7428 to 7414

Resistance is at 7487 to 7513

Traders should go short if a close under 7547 occurs

December Aussie Dollar
Support should appear near the 6919 to 6906 region.. Below that buyers should appear near 6836 to 6809
BW Traders can buy at 6841 for a bounce and hold for higher prices Risk a close under 6737 for three days in a row.

Resistance should appear at 6990 to 7003

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near the 9921 to 9937 region… Beyond that sellers should appear near 10,021 to 10,037 and 10104 to 10136, which should cap a rally.

Support should appear near 9837 to 9821 and 9737 to 9707

December SP500
Resistance should appear near 1058.00 to 1063 and 1068.00

Support should appear near 1047 and 1036 to 1032

Stay tuned for BW SP500 Updates and Flashes…

Nasdaq Composite
Resistance should appear near the 1982 to 1996 region. Beyond that sellers should appear near 2034 to 2042.

Support should appear near 1953 to 1946 and 1927.5

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

Support is at 1437 then 1421 to 1415 and 1399

December 10 Year T-Note
Resistance should appear near 112-07, beyond that a test of 112-23 is likely.

Support is at 111-22 and 111-07

Precious Metals

December Gold
Support should appear at 374.30 to 373.40 and the 368.20 to 366.20 region.. Below that buyers should appear near 362.30 to 361.30 ..
BW Traders can buy at 362.70 and risk a close under 354.90 for three days in a row.

Resistance is at 379.5 to 380.6 and 385.80 to 386.70

BW Traders should go long if a close over 387.10 occurs

December Copper
Support should appear near 9315 and 9235 , below that buyers should appear near 9155 to 9140..
and the 9060 to 9045 region BW Traders can buy at 9160 and risk a close under 8925 for three days in a row..

Resistance should appear near 9425 to 9445 and the 9525 to 9545 region.. A close over is friendly and augurs for a test of 9705 to 9735

BW Traders should go long if a close over 9460 occurs

December Silver
Support should appear 485.5 to 484.5 region.. Below that support is at 478.5 to 477.5 and the 465 to 463.5 region, which should hold.
BW Traders can buy at 472.5 and risk a close under 462.5 for three days in a row.

Resistance is at 497.5 to 499.5 and 505.5 to 506.5

BW Traders should go long if a close over 515.5 occurs

The Exciting Energies

December Crude Oil
Recommended open position long at 2941
Support should appear near 2874 and the 2829 to 2820 region Below that buyers should step in near 2775 to 2758..

Resistance is at 2928 to 2937 , a close over is friendly and augurs for a trade towards 2972 to 2990

December Unleaded Gas
Resistance should appear near 8025 to 8045 and 8115 to 8135

Support should appear near 7865 to 7835 and the 7780 to 7765 region..

December Heating Oil
Recommended Open Position Long at 7870
Resistance is at 7940 to 7955 and 8115 to 8135

Support should appear near 7780 to 7765 . Under that buyers should appear near 7690 to 7675 and 7515 to 7485
The Lively Livestock

February Live Cattle
Resistance should appear near 8857 to 8872 and the 9137 to 9157 region..

Support is at 8777 to 8762 and 8682 to 8667

December Lean Hogs
Support is at 5282 to 5257, a close under augurs for a test of 5212 to 5197...

Resistance is at 5342 to 5357 and the 5417 to 5432 region.. Traders can sell at for a turn lower 5487, hold for lower prices…
BW Traders should go short if a close under 5247 occurs.

February Pork Bellies
Support should appear near 8682 to 8667, a close under augurs for a test of 8592 to 8562 ..

Resistance is at 8762 to 8777 and 8857 to 8862 .BW Traders can sell at 8857 for a turn lower … Beyond that sellers should appear near 8932 to 8967 and the 9042 to 9062 region.

BW Traders should go short if a close under 8657 occurs

The Grande’ Grains

January Soybeans
Resistance is at 802 1/2 to 804 1/2 , a close over is friendly and augurs for a test of 819 1/2 to 822 1/2..

Support should appear at 795 1/2 to 793 3/4 and the 786 1/2 to 783 3/4 region....

Traders who have ‘ice running thru their veins’ should go long if a close over 804 ¾ occurs.

Stay tuned for updates.

December Soymeal
Support should appear near 251.9 to 251.1 and 246.9 to 246.1

Resistance should appear near 256.8 , a close over is friendly and augurs for a test of 261.2 to 262 and eventually the 266.3 to 267.2 region.

December Soybean Oil
Resistance should appear near 2612 to 2620 , a close over is friendly and augurs for a test of 2663 to 2672

Support should appear near 2568 to 2552 and 2519 to 2511

December Corn
Resistance should appear near 241 1/4 to 241 3/4 and 246 1/24 to 246 3/4

Support is at the 237 to 235 region… Below that buyers should appear near 232 1/4 to 231 1/2 ,
BW traders can buy at 237 1/2 and risk a close under 230 3/4 for three days in row.

December CBOT Wheat
Recommended Open Position Long at 369 ¼
Support should appear near 362 1/4 to 361 1/4 and the 356 1/4 to 355 1/4 region

Resistance is at 366 1/4 to 368 1/4 and 373 1.2 to 374 1/4
BW Traders should go long if a close over 374 ¾ occurs..

The Satisfying Softs
Traders should stay tuned for Updates and Flashes in the Softs
December the ‘Monster’ Coffee
Support is near 5805 to 5790 and 5730 to 5715

Resistance should appear near 5945 to 5955 and the 6025 to 6035 region

BW Traders should go long if a close over 6055 occurs

December Cocoa
recommended open position long at 1422
Support is at 1421 to 1415 and 1383 to 1377.

Resistance should appear near 1453 to 1459, a close over is friendly and augurs for a test of 1484 to 1496 and the 1529 to 1535 region.. Beyond that sellers should appear near 1609 to 1615 .

Traders should go long if a close over 1464 occurs..

March Sugar
Support should appear near 586 to 583 and 562 to 559

Resistance should appear near 601 to 609 and 630 to 634

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

Resistance should appear near 7675 to 7690 and the 7765 to 7780 region

Traders should stay tuned for Updates and Flashes ..

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 November 3rd, 2003
5:00 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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