FuturesCom
Investment Publications
Morning Comments, Friday November 21st
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
Thursday November 20th, 2003
7:00 PM Eastern time
The
‘Frenzied’ Forex Front
Recommended open position Short at 9155
Support should appear near 9156 to 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
7726 and 7763
to 7777
Support should
appear near 7689 to 7675 and 7601 to 7587
December British Pound
Support should appear near 1.6960 to 1.6890
Resistance should appear near 17112
and 17310 to 17380
December Canadian Dollar
Support should appear near 7601
to 7587
Resistance is at 7675 to 7689
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 9641 and 9707 to 9737
Support should appear near the 9542 to 9526.
December SP500
Recommended open position Long at 1041.10
Resistance
should appear near 1036.00 and 1047.00
Support should appear near 1032.00 and 1018.50, which should contain
a decline for a bit..
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 and 1415
to 1421
Support is at 1346 to 1334 .
December
10 Year T-Note
Resistance should
appear near 114-07 and 114-22
Support is
at 113-21 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 8870 to 8855 and 8780 to 8765
Resistance should appear near 8935
to 8965 and 9040 to 9060
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 3157 to 3148
and 3102 to 3092
Resistance is at 3194 to 3213 and 3261 to 3270
Jan Unleaded
Gas
Resistance should appear near 8855 to
8870 and 8935 to 8965
Support should appear near 8680 to 8665 and 8590 to 8560
Jan Heating Oil
Resistance should appear
near 8935 to 8965 then 9045 to 9060 and 9140 to 9155
Support should appear near 8770 to 8755 and 8500 to 8485
The
Lively Livestock
February
Live Cattle
Resistance should
appear near
9142 to 9157
Support is
December Lean Hogs
Resistance is at 4972 to 4997 and the 5057 to 5067 region
Support is at 4922 to 4917 and 4857 to 4842
February Lean Hogs
Support is at 5417 and 5357
to 5342.. below that buyers should appear at 5282 to 5257
Resistance is at 5492 to 5507 at 5552 to 5577
February Pork
Bellies
Recommended open position Short 2 at 8552 avg
Support should appear near 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 760
1/2 and 767 1/2 to 768 3/4 .. beyond that
sellers should appear near 776 1/4 to 777 3/4
Support should appear at 751 1/4 to 748 3/4 then 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 2672 to 2663 and 2620 to 2612.
March 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 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 385 3/4 to 386 3/4 and
the 390 1/4 to 392 3/4 region
Support is at 380 3/4 to 379 1/2 and 374 1/4 to 373 1/2
The
Satisfying Softs
March the ‘Monster’ Coffee
Support is near 5955 to 5945 and 5880 to 5855
Resistance should appear near 6105 to 6115 and 6255 to 6270.
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 7590 to
7605 then 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
Thursday November 20th, 2003
8:00 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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