FuturesCom
Investment Publications
Morning Comments, Wed November 12th
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 11th, 2003
1:00 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 11500 and 11430.
Resistance is at
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 7378 and 7414 to 7428
Support should
appear near 7342 to 7328 and 7291
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
The
Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear
near 9774 and 9821 to 9837
Support
should appear near 9722 to 9706 and 9641 to 9625
December SP500
Resistance
should appear near 1047.00 then 1058 to 1063 and 1068.00
Support should appear near 1036.00 to 1032.00
Stay tuned for BW SP500 Updates and Flashes…
Nasdaq Composite
Resistance should appear near the 1946 to 1953 .
Support should appear near 1927.5
and 1909 to 1902
December Mini Nasdaq 100
Resistance is at 1415 to 1421
Support is at 1399 and 1383 to 1377
December
10 Year T-Note
Resistance should
appear near 111-12 then 111-23 and 112-09 .
Support is at 110-23 and 110-07
Precious
Metals
December Gold
Recommended Open Position Long at 388.2
Support should appear at 386.6 to 385.8
and the 380.6 to 379.5 region
resistance is at 390.9 to 392.9 and
the 398.2 to 399.2 region
BW Traders should go long if a close over 387.10 occurs
December
Copper
Recommended open position long 9575
Support should appear near 9345
to 9315 9235 and 9235
Resistance should appear near 9525 to 9545 and 9625 to 9640
December Silver
Support should appear at 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 3102 to 3092 and 3045 to 3036
Resistance is at 3145 to 3157 , a close over is friendly and augurs for a trade towards
3194 to 3213
December Unleaded Gas
Resistance
should appear near 8485 to 8500 and 8560 to 8590
Support should appear near 8315 to 8300 and 8225 to 8195 .
December
Heating Oil
Resistance
is
at 8485 to 8500 and 8665 to 8680
Support should appear near 8405 to 8390 and 8315 to 8300
The
Lively Livestock
February
Live Cattle
Resistance should
appear near
9317 to 9347
Support is at 9157 to
9137 and 9102
December Lean Hogs
Recommended Open position Short at
5070
Support is at 5067 to 5057 and the 4997 to 4977 region
Resistance is at 5127 to 5142 then 5197 to 5212 and the 5257 to 5282 region
February Lean Hogs
Recommended Open position Short at 5780
Support is at 5732 to 5717 and 5652 to
5637 ..
Resistance is at 5792 to 5807 then 5857 to 5882 and 5942 to 5957
February Pork
Bellies
Support
should appear near 8487 then 8407 to 8392 and the 8317 to 8302 region.
Resistance is
at 8562 to 8587 and 8667 to 8682.
January Soybeans
Resistance is at 783 3/4 to 786 1/2 and 793 3/4 to 795 3/4
Support should appear at 768 3/4 to 767
1/2 and 760 1/4 to 758 3/4
December
Soymeal
Support should appear near 241.9 to 241.1 and 237 to 235.4..
Resistance should appear near 246.1 to 246.9 and 251.1 to 251.9
December Soybean Oil
Resistance should appear near 2612 to 2620 and the 2663 to 2672
region
Support should appear near 2568 to 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 386 3/4 to 385 3/4 and 380 3/4 to 379 1/2
Resistance is at 390 3/4 to 392 3/4 and 398 1/4
to 399 1/4
The
Satisfying Softs
December the ‘Monster’ Coffee
Support is near 5880 to 5855 and 5805 to 5790
Resistance should appear near 5945 to 5955 and 6025 to 6035
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 to 1377 region
Resistance should appear near 1459 and
1484 to 1496
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 7865 to 7835 and the 7780 to 7765 region
Resistance should appear near 7945 to 7955 then 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
Tuesday November 11th, 2003
2:45 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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