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
Wed November 12th, 2003
2:35 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 2 at 11567 avg
Support
should appear at 11570 and 11530
Resistance is at
11640 to 11665 and 11690
December
Swiss Franc
Resistance
should appear near 7487
to 7513
Support should
appear near 7414 and 7378
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
Recommended open position Short 7637
Support should appear
near 7601 to 7587
Resistance should appear near 7675 to 7689
and 7763 to 7777
December Aussie Dollar
Support should appear near the
7088 to 7074 region
Resistance should appear at 7143 to 7170
and 7242 to 7255
The
Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear
near 9921 to 9937 region
Support
should appear near 9837 to 9821 and 9737 to
9707
December SP500
Resistance
should appear near 1058 to 1063 and 1068.00, beyond that a test of 1082 is
likely..
Support should appear near 1047 and 1036.00 to 1032.00
Stay tuned for BW SP500 Updates and Flashes…
Nasdaq Composite
Resistance should appear near the 1982 to 1996 .
Support should appear near 1953 to
1946
December Mini Nasdaq 100
Resistance is at 1453 to 1459
Support is at 1421 to 1415
December
10 Year T-Note
Resistance should
appear near 111-23 and 112-09 .
Support is at 111-07 and 110-23
Precious
Metals
December Gold
Support should appear at 392.9 to
390.9 and 386.6 to 385.8
Resistance is at 398.2 to 399.2
and 404.6 to 405.6
December
Copper
Recommended open position long 9575
Support should appear near 9445
to 9425 and 9345
to 9315
Resistance should appear near 9525 to 9545 and 9625 to 9640
December Silver
Support should appear at 541.5 to 543
Resistance is at 528.5 to 525.5 and 514 to
512.5
The
Exciting Energies
December
Crude Oil
Support should appear
near 3102 to 3092 and 3045 to 3036
Resistance is at 3145 to 3157 and 3194 to 3213
December Unleaded Gas
Resistance
should appear near 8560 to 8590 and 8765 to 8780
Support should appear near 8500 to 8485 and 8405 to 8390 .
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
9142 to 9157
Support is at 8967 to
8937 and 8872 to 8857
December Lean Hogs
Support is at on 4997 to 4972 and 4932 to 4917
Resistance is at 5037 to 5067 and 5127 to 5142
February Lean Hogs
Support is at 5577 to 5552 and 5507 to
5492
Resistance is at 5717 to 5732 and 5792 to 5807
February Pork
Bellies
Recommended open position Short 8510
Support
should appear near 8502 to 8487 and 8407 to 8392
Resistance is
8587 and 8667 to 8682.
January Soybeans
Resistance is at 776 3/4 to 777 3/4 then 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
Resistance
should appear near 241 1/4 to 241 3/4 and 246 1/4 to 246
3/4
Support is at 237 to 235 1/2 and 232 1/4 to 231 1/2
December CBOT Wheat
Support
should appear near 3001/2 to 398 1/4 and 392 3/4 to 390
Resistance is at 411 to 412 and 416 1/4 to 418
1/4
March CBOT Wheat
Support
should appear near 412 to 411 and 405 3/4 to 404
Resistance is at 416 1/4 to 418 1/4 and 423 1/2
to 425
The
Satisfying Softs
Traders
should cancel all orders in Dec Coffee
March Coffee
Support is near 6115 to 6105 and 6035 to 6025
Resistance should appear near the 6335 to 6350 and 6415 to
6430 region
March Cocoa
recommended open position long at 1457
Support is at 1496 to 1484 and
1459 to 1453
Resistance should appear near 1529 to 1535 and
1569 to 1576
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.
March
Cotton
Support should appear near 7605 to 7585 and the 7430 to 7415 region
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
Wed November 12th, 2003
3:10 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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