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 19th 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 18th, 2003
6:00 PM Eastern time  


                              The ‘Frenzied’ Forex Front
December Yen
Support should appear near  9237 and the 9156 to 9140 region  a close under augurs for a test of 9060 to 9044
Resistance
should appear near 9316 to 9347 and 9420 to 9445  BW  Traders can sell at 9427
and risk a close over 9547 for three days in a row..

 BW Traders should go short if a close under 9232 occurs

December Euro Currency (EC)
Recommended open position Short 4 at 11747 avg
Support
should appear at 11920 and 11805 

Resistance is at  11975 to 12030 

December Swiss Franc
Recommended open Position Short at 7715
Resistance should appear near 7763 to 7777

Support should appear near 7689 to 7675
BW Traders should go short if a close under 7671 occurs

December  British Pound
Support
should appear near 1.6960 to 1.6890

Resistance should appear near 17112 and 17310 to 17380  

December Canadian Dollar
S
upport should appear near 7675 and 7601 to 7587 

Resistance
is at  7726 and 7763

December Aussie Dollar
Support 
should appear near 7170 to 7143 

Resistance should appear at the 7242 to 7255 region.. 


                     The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance
should appear near 9625 to 9641

Support should appear near the 9542 to 9526. 

December SP500
R
esistance should appear near 1036 and 1058.00 to 1068.00 

Support should appear near 1032 and 1018.50, which should contain a decline for a bit..  

BW Traders should go long if a close over 1036.30

Nasdaq Composite
Resistance 
should appear near 1902 to 1909 

Support should appear near 1865 to 1858 and the 1822 to 1808 region..

December  Mini Nasdaq 100
Resistance
is at  1377 to 1383

Support
is at 1346 to 1334 .

December 10 Year T-Note 
Resistance
should appear near 114-07 and 114-22

Support
is at 113-22 and 113-07

                                                             Precious Metals   
February Gold
Support should appear at 392.90 to 390 90

Resistance
is at 398.20 to 399.20 and the 404.6 to 406.6 region

March Copper
Recommended open position Long at 9355
Support
should appear near  9355 to 9315 and 9155 to 9140.

Resistance should appear near  9430 to 9445 and 9525 to 9540
BW Traders should go long if a close over 9645 occurs.

March Silver
Support
should appear 535.5 to 534  
Resistance
is at  549.5 to 550.5                           

                               The Exciting Energies

Jan Crude Oil
Support
should appear near 3213 to 3194 

Resistance is at 3319 to 3328 

Jan Unleaded Gas
Resistance should appear near 9315 to 9345 and 9707 to 9735. 

Support should appear near 8870 to 8855 and 8770 to 8855 

Jan Heating Oil
Resistance should appear near 9140 to 9155 and 9525 to 9545 

Support should appear near 8965 to 8935 and 8875 to 8855 

                            The Lively Livestock

February Live Cattle
Resistance
should appear near 9142 to 9157 and 9237

Support  is
at 9062 to 9042 and 8967 to 8937 

December Lean Hogs 
Support
is at  5067 to 5057 and  4997 to 4972

Resistance is at 5127 to 5142

February Lean Hogs 
Support
is at  5652 to 5637 and 5577 to 5552 . 

Resistance is at 5717 to 5732 and the 5792 to 5807 region.. Which should cap a rally for a bit.BW Traders can 
sell at 5787 and risk a close over 5887 for three days in a row      

BW Traders should go short if a close under 5607 occurs.

February Pork Bellies
Recommended open position Short at 8510
Support should appear near 8682 to 8667, a close under augurs for a test of  8592 to 8562. 

Resistance is at 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 can sell at 9037 and hold for lower prices.. 

BW Traders should go short if a close under 8657 occurs

                            The Grande’ Grains

January Soybeans
Resistance
is at 783 3/4  to 786 1/2 and the 793 3/4 to 795 3/4 region

Support should appear at  776 1/4 and 768 3/4 to 767 1/2 .. below that buyers should appear near 751 1/4 to 748 3/4 and 
734 1/2 to 732 1/4 ...BW Traders who have ‘ice running thru their veins’ should go long if a close over 787 3/4 occurs.

Jan Soymeal 
Support
should appear near 237 to 235.4 and 232.2 to 231.5

Resistance should appear near 241.1 to 241.9 and 246.1 to 246.9

Jan Soybean Oil
Resistance should appear near 2716 to 2724 and  2758 to 2775.

Support should appear near 2672 to 2663 and the 2620 to 2612 region.

March Corn 
Resistance
should appear near 246 1/4 to 246 3/4 and 251 1/4  to 251 3/4  

Support
is at 237 to 235 and the 232 1/4 to 231 1/2 region BW  traders can buy at 232 1/4 and 
risk a close under 226 1/4 for three days in row.....BW  Traders should go long if a close over  252 1/4 occurs.. 

March CBOT Wheat
Resistance
 should appear near 416 1/4 to 418 1/4 and the 423 3/4 to 424 3/4 region  

Support
is at 399 1/4 to 398 1/4 and the 392 3/4 to 390 3/4region.. BW traders can buy at 393n1/4 and risk a close under 
377 3/4 for three days in a row.  ...Aggressive BW Traders should go long if a close over 418 3/4 occurs..

                                             The Satisfying Softs
March the ‘Monster’ Coffee
Support
is near 6115 to 6105 and the 5955 to 5945 region

Resistance should appear near 6270 and 6335 to 6350.

March Cocoa 
Support
is at  1496 to 1484 and the 1459 to 1453 region. BW Traders can buy at 1497 and risk a close under 1447 for three days in a row. 

Resistance should appear near 1528 to 1535 then 1569 to 1576 and 1609 to 1615.

BW Traders should go long if a close over 1617 occurs. 

March Sugar
Support
should appear near 630 and 601 to 609 . BW Traders can buy at 621 and risk a close under 601 for three days in a row.

Resistance should appear near 656 to 661 region..
BW Traders should go long if a close over  662 occurs

March Cotton
Support should
appear near 7515 to 7485 and 7345 to 7325 .. BW Traders can buy 7355 and hold for higher prices.. 

Resistance
should appear near  7675 to 7690 and 7760 to 7775 .

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 18th,   2003
6:45 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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