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 November 5th 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 November 4th, 2003
2:00 PM Eastern time  

   The ‘Frenzied’ Forex Front  

December Yen
Resistance should appear near 9140 to 9156 and 9235 

Support should appear near 9100 and 9160 to 9044    

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 11500 and 11570 

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..  

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  7486 and 7428 to 7414
Resistance is at  7587 to 7601 

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  7003 and 7074 to 7088

                    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 


Support
should appear near 9837 to 9821 and 9737 to 9707

December SP500
R
esistance 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

Support is at  1421 to 1415 and 1399

December 10 Year T-Note
Resistance
should appear near 112-09,  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   380.6 and 385.80 to 386.70  

BW Traders should go long if a close over 387.10 occurs

December Copper
Recommended open position long  9575
Support should appear near 9545 to 9525 and 9445 to 9425 

Resistance
should appear near 9705 to 9735 and 9825 to 9840

December Silver
Support
should appear 499.5 to 497.5 and  the 485.5 to 484.5 region.

Resistance is at 505.5 to 506.5 and 512.5 to 514

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 Unlead
ed Gas
Resistance should appear near 7940 to 7955 and 8025 to 8045

Support should appear near 7780 to 7765 and the 7605 to 7585 region . 

December Heating Oil
Recommended Open Position Long at 7870 
Resistance
is at 7835 to 7865 and  7940 to 7955 

Support
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.. BW 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 776 1/4 to 777 3/4 and 802 1/2 to 804 1/2

Support should appear at 751 1/4 to 748 3/4 and 734 1/4 to 732 1/2 
BW Traders can buy at 752 1/4 and risk a close under 732 1/2  for three days in a row..

December Soymeal
Support
should appear near 237 to 235.4..  A slip under is negative and augurs for a test of 227.5 to 226.7 and the 222.6 to 221.9 region.    BW Traders can buy at 223.1 and risk a close under 211.9 for three days in a row. 

Resistance
should appear near  251.1 to 251.9 and 255.2 to 256.8

December Soybean Oil
Resistance should appear near 2552 to 2568 and 2612 to 2620

Support should appear near 2519 to 2511 and 2469 to 2461

December Corn
Recommended open position long  237 1/2
Resistance
should appear near 235 1/2 to 237

Support is at 232 1/4 to 231 1/2 and 222 3/4 to 221 3/4

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 3/4 occurs..

                                             The Satisfying Softs
Traders should stay tuned for Updates and Flashes in the Softs

December the ‘Monster’ Coffee
Support
is near 5880 to 5855 and 5805 to 5790 

Resistance
should appear near the 6025 to 6035 and 6105  to 6115 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 

BW  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 7690 to 7675 and 7605 to 7585  ..

Resistance should appear near  7765 to 7780 and 7835 to 7865 

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 November 4th,   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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