Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500 
Precious Metals - Energy - Livestock - Grains - Softs


FuturesCom Investment Publications
Morning Comments, Thursday November 20th 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 19th, 2003
3:30 PM Eastern time  


                              The ‘Frenzied’ Forex Front
December Yen
Recommended open position Short at 9155
Support should appear near 9140 and  9060 to 9044
Resistance
should appear near 9237 and 9316 to 9347

December Euro Currency (EC)
Recommended open position Short 4 at 11747 avg
Support
should appear at 11805 and the 11690 to 11640 region 

Resistance is at  11920 and 11975 to 12030 

December Swiss Franc
Recommended open position Short at 7653
Resistance should appear near 7675 to 7689  and 7763 to 7777

Support should appear near 7601 to 7587

December  British Pound
Support
should appear near 1.6890 and 1.6722

Resistance should appear near1.6960 then 17112 and 17310 to 17380  

December Canadian Dollar
S
upport should appear near 7601 to 7587 

Resistance
is at  7675 to 7689 and 7726

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 9707 to 9737 and 9821 to 9837 

Support should appear near the 9641 to 9625 and 9542 to 9526. 

December SP500
Recommended open position Long at 1041.10
Resistance should appear near 1047and 1058.00 to 1068.00 

Support should appear near 1036.00 to 1032.00  and 1018.50, which should contain a decline for a bit..  

Nasdaq Composite
Resistance 
should appear near 1902 to 1909 and 1946 to 1953 

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

December  Mini Nasdaq 100
Resistance
is at  1377 to 1383 and 1415 to 1421 

Support
is at 1346 to 1334 and 1310 to 1304 .

December 10 Year T-Note 
Resistance
should appear near 113-22 then 114-07 and 114-22

Support
is at  113-07  and 112-22

                                                             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  9235 and 9155 to 9140.

Resistance should appear near  9315 to 9345 and 9430 to 9445
BW Traders should go long if a close over 9645 occurs.

March Silver
Support
should appear 521.5 to 520 and 514.0 to 512.5   
Resistance
is at  534.4 to 535.5 and 549.5 to 550.5                           

                               The Exciting Energies

Jan Crude Oil
Support
should appear near 3194 and 3157 to 3148

Resistance is at 3261 too 3270 and 3319 to 3328 

Jan Unleaded Gas
Resistance should appear near 9140 to 9155 and 9315 to 9345  

Support should appear near 8870 to 8855 and 8780 to 8765 

Jan Heating Oil
Resistance should appear near 9045 to 9060 and 9140 to 9155 

Support should appear near 8935 and 8770 to 8755 

                            The Lively Livestock

February Live Cattle
Resistance
should appear near 9042 to 9062 and 9142 to 9157 

Support  is
at 8872 to 8857 and 8777 to 8762  

December Lean Hogs 
Support
is at 4717 to 4697 

Resistance is at 4972 to 4997 and 5057 to 5067

February Lean Hogs 
Support
is at  5432 to 5417 and 5357 to 5342 . 

Resistance is at 5492 to 5507 then 5552 to 5577 and 5637 to 5652

February Pork Bellies
Recommended open position Short 2  at 8552 avg
Support should appear near  8592 to 8562 and the 8502 to 8487 region.. Under that a test of 8407 to 8392 is likely. 

Resistance is at 8667 to 8682 then 8762 to 8777 and 8857 to 8862 ..  BW Traders can sell at 8857 for a turn lower … 

                            The Grande’ Grains

January Soybeans
Resistance
is at 758 3/4 and 760 1/2 and 767 1/2 to 768 3/4 

Support should appear at  734 1/2 to 732 1/4 and the 725 1/2 to 724 3/4 region., 
Which should contain the decline for a bit... BW  Traders can buy at 734 ½  and risk a close under 713 ¾  for three days in a row

Jan Soymeal 
Support
should appear near 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  235.4 to 237 and 241.1 to 241.9

Jan Soybean Oil
Resistance should appear near 2663 to 2672.

Support should appear near  2612 and 2568 to 2552 .

March Corn 
Resistance
should appear near 241 1/4 to 241 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.....

March CBOT Wheat
Recommended open position Long at 393 1/4
Resistance  should appear near 379 1/2 to 380 1/4 and 385 3/4 to 386 3/4 

Support
is at 374 1/4 to 373 1/2 and 368 1/4 to 366 1/4.. below that 362 1/4 to 361 1/4 should hold. 

                                             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 1535 to 1528 and 1496 to 1484. BW Traders can buy at 1497 and risk a close under 1447 for three days in a row. 

Resistance should appear near 1569 to 1576 and 1609 to 1615.

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

March Sugar
Support
should appear near 634 to 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  

Wed November 19th,   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.
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