FuturesCom
Investment Publications
Morning Comments Wed, December 3rd 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, Dec 2nd, 2003
3:30 PM Eastern time
The
‘Frenzied’ Forex Front
Recommended Open Position Short 9232
Support should appear near the 9156 to 9140 region,
Resistance should appear near 9237 and 9316 to 9347
BW Traders should go short if a close under 9136 occurs
March Euro Currency (EC)
Support should appear at 12030 and 11975
Resistance is at 121.75 and the 12320 to 12380 region..
BW Traders can sell at 1.2312
and risk a close over 12392
for three days in a row.
March Swiss
Franc
Resistance should appear near the 7836 to 7864 region..
Support
should appear near 7777 to 7763
BW Traders should go short if a close under 7723 occurs
March
British Pound
Recommended Open Position Short 1.7158
Support should appear near 1.7135 and 1.6960 to 16890 ..
Resistance should appear near the 17310 to 1.7380 region.
March Canadian Dollar
Recommended open position Short at 7640
Support should
appear near 7601 to 7587
Resistance is at the 7675 to 7689 and 7763 to 7777.
March Aussie Dollar
Support should appear near 7170
to 7143 .
Resistance should appear at 7242 to 7255 and 7328 to 7342 , BW traders can sell at 7323 for a turn lower and risk a close over 7433 for three days in a row. ...Aggressive BW traders should go short if a close under 7139 occurs
The Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should appear
near 9921 to 9937..Beyond that sellers should appear near 10,021 to 10,037
Support should appear near 9837 to 9821 then 9737 to 9707 and 9641 to 9625.
December SP500
Recommended Open Position Long at 1069.2
Resistance
should appear near 1068.00, a close over is friendly and augurs for a test of .
1082.00 Beyond that sellers should
appear near 1096.00 to 1101.00
Support should appear near 1063.00 to 1058.00 then1047.00 and 1036.00 to 1032.00, a
close under is negative augurs for a test of 1018.50, which should contain a
decline for a bit.. BW Traders can buy at 1052.70 for a bounce and risk a
close under 1046.30 for three days in row
Nasdaq Composite
Resistance should appear near
1982 to 1996 and 2034 to 2042
Support should appear near 1953 to 1946
and the 1909 to 1902 region..
December Mini
Nasdaq 100
Resistance is at 1453 to 1459 and 1484 to 1496..
Support is at 1421 to 1415 then 1383 to 1377
March 10 Year T-Note
Resistance should
appear near 110-23 then 111-07 and 111-22
Support is at 110-07.. Below that
buyers should appear near 109-22 and 109-07..
Precious
Metals
February Gold
Support should appear at 399.2 to 398.2 and 392.9 to 390 90
Resistance is at 404.6 to 406.6 ,
which should cap a rally for a bit.. Beyond that sellers should appear near 411
to 412
March Copper
Recommended open position long at 9600
Support should appear near
9640 to 9625 and 9540 to 9525
Resistance should appear near
the 9820 to 9835 and 9920 to
9935.
March Silver
Recommended open position long at 548
Support should appear 543 to 541 and 535.5 to 534.5
Resistance is at 555.5 to 557.5 and 564 to 565.5
Stay tuned for updates..
The Exciting Energies
Jan
Crude Oil
Support should appear near
3045 to 3036 and 2990 to 2972
Resistance is
at 3092 to 3102 and 3148 to 3157
BW Traders should go long if a close over 3162 occurs
Jan Unleaded
Gas
Resistance should appear near 8485 to
8505 then 8560 to 8590 and 8665 to 8680
Support should appear near 8315 to 8300 and 8225 to 8195
Jan Heating Oil
Resistance should appear
8760 to 8780 and 8935 to 8965
Support should appear near 8590 to
8560 and 8405 to 8390 .
BW Traders should Go long if a close over 8685 occurs..
The
Lively Livestock
February
Live Cattle
Resistance should
appear near
9527 to 9542
Support is at 9447 to 9427
and 9347
February Lean Hogs
Support is at the 5577 to 5552
and 5507 to 5492
Resistance is at 5642 to 5652 then 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 5492 occurs.
February Pork
Bellies
Recommended Open Position Short 3 at
8655 avg
Support should appear near 8777 to 8762 and 8682 to 8667, a close
under augurs for a test of 8592 to
8562 .
Resistance is
at 8937 to 8967 .. Beyond that sellers should appear near the 9042 to 9062
region. BW Traders can sell at 9037 and hold for lower prices.. Beyond
that resistance is at 9142 to 9157
BW Traders should go short
if a close under 8657 occurs
--Traders
should stay tuned for livestock Updates and Flashes --
The
Grande’ Grains
January Soybeans
Resistance
is at 776 1/4 to 777 3/4 and
783 3/4 to 786 3/4 and 793 3/4 to 795 1/2
Support should appear at 768 3/4 to 767 1/2 and 760 1/4 to 758 3/4
Jan
Soymeal
Recommended Open Position Long at 232.8
Support should appear near 232.2 to 231.7 then 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 237.0 and the 241.1 to 241.9 region.
Jan Soybean Oil
Recommended open position long at 2759
Resistance should appear near 2777 and the 2820 to 2829 region.
Support should appear near 2724 to 2716 and 2672 to 2663
BW Traders can buy at 2699 and risk a close under 2658 for three
days in a row.
March Corn
Resistance should appear near 251 1/4 to 251 3/4
and the 255 1/2 to 256 3/4 region..
Support is at 246 3/4 to 246 1/2 and 241 3/4 to 241 1/4
BW Traders should go long if a close over 252
1/4 occurs..
March CBOT Wheat
Recommended Open Position Long at 399 3/4
Resistance should appear near
416 1/4 to 418 1/4 and the 423 3/4 to 424 3/4 region
Support is at 405 3/4 to 404 3/4 and 399 1/4 to 398
1/4 .. Below that buyers should appear near the
392 3/4 to 390 3/4 region.
Aggressive BW Traders should go long if a close over 412 3/4 occurs..
The Satisfying
Softs
March the ‘Monster’ Coffee
Support
is near 6430 to 6415 and 6350 to 6335
Resistance should appear near the
6575 to 6590 and 6655 to 6670... Beyond that sellers
should appear
near 6810 to 6835 ..
March Cocoa
Support
is at 1535 to 1529 and
1496 to 1484
Resistance should appear near 1569 to 1576 and 1609
to 1615
March Sugar
Recommended Open Position Long at 638
Support should appear near 634 to 630 and 609 to 601 ..BW Traders can buy at
621 and risk a close under 601 for three days in a row…
Resistance should appear near 656 to 661 682 to 686
March
Cotton
Support should appear near 7340 to 7326 and 7255
to 7240
Resistance should appear near
7415 to 7430 then 7485 to 7515 and 7765 to 7780
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 December 2nd, 2003
4:30 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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