FuturesCom
Investment Publications
Morning Comments, Tuesday November 11th
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 10th, 2003
3:00 PM Eastern time
The
‘Frenzied’ Forex Front
December Yen
Resistance should appear near 9316 to 9347
Support should appear near 9156 to 9140 , a close under
augurs for a trade to 9060 to 9044 and eventually the 8965 to
8934 region
Aggressive Traders Should go short if a close under 9137 occurs
December Euro
Currency (EC)
Recommended open position Short 11497
Support
should appear at 11430..below that another test of 11360 to
11320
Resistance is at
11500 then 11565 to 11575 and the 11640 to 11665 region
BW Traders call sell at 11637 for a turn lower ..
December
Swiss Franc
Resistance
should appear near 7328
to 7342 and 7414 to 7428
Support should
appear near 7291 below that buyers should
appear near the 7255 to 7242 region
December British Pound
Support should appear near the 1.6550 to 1.6420 region.
Resistance should appear near 1.6720
and 16890
to 1.6960
BW Traders should go long if a close over 1.6728 occurs
December Canadian Dollar
Support should appear
near 7601 to 7587 and 7513 to 7486
Resistance should appear near 7675 to 7689 . BW
Traders can sell at 7637 and risk a close over 7694 for three days in a
row..
December Aussie Dollar
Support should appear near the
7088 to 7074 region
Resistance should appear at 7143 to 7170
and the 7242 to 7255 region
The
Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear
near 9821 to 9837 and the 9921 to 9937 region
Support
should appear near 9737 to
9707 and 9641 to 9625
December SP500
Resistance
should appear near 1047 and the 1058 to 1063 region
Support should appear near 1036.00 to 1030.00
Stay tuned for BW SP500 Updates and Flashes…
Nasdaq Composite
Resistance should appear near 1967.5 and the1982 to 1996 region.
Support should appear near 1946
and 1927.5
December Mini Nasdaq 100
Resistance is at 1421 and 1437
Support is at 1415 then 1399 and the 1383 to 1377 region
December
10 Year T-Notes
closed for the
holiday.
Precious
Metals
December Gold
Support should appear at 385.8 then
382.8 and the 380.6 to 379.5 region
resistance is at 390.9 to 392.9
BW Traders should go long if a close over 387.10 occurs
December
Copper
Recommended open position long 9575
Support should appear near 9235 and
9155 to 9140
Resistance should appear near 9315 to 9345 and 9430 to 9445
December Silver
Support should appear the 506.5 to 505.5 and 499.5 to 497.5
Resistance is at 512.5 to 514 and 520 to
521.5
BW Traders should go long if a close over 515.5 occurs
The
Exciting Energies
December
Crude Oil
Support should appear
near 3045 to 3036 and 2990 to 2972
Resistance is at 3092 to 3102 , a close over is friendly and augurs for a trade towards
3145 to 3157
December Unleaded Gas
Resistance
should appear near 8390 to 8405 and 8485 to 8500
Support should appear near 8225 to 8195 and 8045 to 8025 .
December
Heating Oil
Resistance
is
at 8390 to 8405 and 8485 to 8500
Support should appear near 8300 and 8135 to 8115
The
Lively Livestock
February
Live Cattle
Resistance should
appear near
9427 to 9447
Support is at 9347 to
9317 and 9237
December Lean Hogs
Support is at 5257 and 5212 to 5197 and the 5142 to 5127 region
Resistance is at 5342 to 5357 and the 5417 to 5432 region.
BW Traders should go short if a close under 5247 occurs.
February Lean Hogs
Support is at 5887 to 5857 , a close under augurs for a test of
5807 to 5792 and eventually the 5732 to 5717 region.. ..
Resistance is at 5942 to 5957 and the 6022 to 6037 region.
BW Traders should go short if a close under 5847 occurs.
February Pork
Bellies
Recommended Open Position Short at 8857
Support should appear near 8502 to 8487 and the 8407 to 8392 region.. below
that buyers should appear near the 8317 to 8302 region.
Resistance is
at 8562 to 8587 and the 8667 to 8682
region.
January Soybeans
Resistance is at 767 1/2 to 768 3/4 and 783 3/4 to 786 1/2
Support should appear at 760 1/4 to 758 3/4 and the 751 1/4 to 748 3/4 region.
December
Soymeal
Support should appear near 237 to 235.4..
Another 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 241.1 to 241.9 and 246.1 to 246.9
December Soybean Oil
Resistance should appear near 2568 and the 2612 to 2620 region
Support should appear near 2552 and the 2519 to 2511 region
December Corn
Recommended open position long 237 1/2
Resistance should appear near 235 1/2 to 237 and 241 1/4 to 241 3/4
Support is at 232 1/4 to 231 1/2 and 222 3/4 to 221 3/4
December CBOT Wheat
Support
should appear near 380 3/4 to 379 1/2 and the 374 1/4 to 373 1/2
region
Resistance is at 385
3/4 to 386 3/4 and the 390 3/4 to 392 3/4 region
The
Satisfying 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
March Cocoa
recommended open position long at 1457
Support is at 1421 to 1415.and
the 1383 to1377 region
Resistance should appear near 1453 to 1459
March Sugar
Support should appear near 609 to 601 and 586 to 583
Resistance should appear near 630 to 634 and the 656 to 661 region.
December
Cotton
Support should appear near 7605 to 7585 and the 7515 to 7485 region
Resistance should appear near 7765 to 7780 and the 7835 to 7865 region
March
Cotton
Support should appear near 7955 to 7940 and the 7780 to 7765 region
Resistance should appear near 8025 to 8045 and the 8120 to 8135 region.
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 10th, 2003
4:00 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.
-----------------------------------------------------------------------------------------
FuturesCom Investment Publications Copyright@1996-2003 all rights reserved