FuturesCom
Investment Publications
Morning Comments Tuesday, December 9th 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
Monday, Dec 8th, 2003
2:15 PM Eastern time
The
‘Frenzied’ Forex Front
Support
should appear near the 9316 and 9237,
Resistance should appear near 9347
and 9429 to 9445
* BW Traders should go short if a close under 9307 occurs
March Euro Currency (EC)
Support should appear at 12175 and 12102
Resistance is at 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 7939 to 7954
Support
should appear near 7864 to 7836 and 7777 to 7763
*BW Traders should go Short if a close under 7831 occurs.
March
British Pound
Support should appear near 1.6960 to 16890 ..
Resistance should appear near the 17310 to 1.7380 region.
March Canadian Dollar
Support should
appear near 7601 to 7587 and the 7513 to 7487 region
Resistance is at the 7675 to 7689 and 7763 to 7777.
* BW Traders should go Short if a close under 7582 occurs
March Aussie Dollar
Recommended Open Position Short at 7323
Support should appear near 7255
to 7242 and 7170
to 7143 .
Resistance should appear at 7328 to 7342
and 7414 to 7428
* BW traders should go
short if a close under 7238 occurs
The Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should appear
near 10,021 to 10,037 and 10, 050
Support should appear near 9937 to 9921 and 9837 to 9821.
December SP500
Recommended Open Position Long 2 at 1069.20
Resistance
should appear near 1082.00..
Beyond that sellers should
appear near 1096.00 to 1101.00
Support should appear near 1068 to 1063 and 1058.00.. below that 1047.00 should
hold..
BW Traders can buy at 1052.70 for a bounce and risk a
close under 1046.30 for three days in row ..
BW Traders should go long if a
close over 1068.40 occurs
Nasdaq Composite
Resistance should appear near 1953 and
1982 to 1996
Support should appear near 1946 then 1927.5 and 1909 to 1902.
December Mini
Nasdaq 100
Resistance is at 1421 and the 1453 to 1459 region
Support is at 1399 and the 1383 to 1377 region.
March 10 Year T-Note
Resistance should
appear near 112-07 and 112-23
Support is at 111-23.. a
close under augurs for a test of 111-07 and 110-22..
Precious
Metals
February Gold
Support should appear at 405.6 to 404.6 and 399.2 to 398.2
Resistance is at 411
to 412 and 416.3 to 418.3
March Copper
Support should appear near
9640 to 9625 and 9540 to 9525
Resistance should appear near
the 9820 to 9835 and 9920 to
9935.
BW Traders should go long if a close over 9745 occurs
March Silver
Recommended Open Position Long at 556.0
Support
should appear 550.5 to 549.5 and 543 to 541
Resistance is at 557.5 and 564 to 565.5
Stay tuned for updates..
The Exciting Energies
Jan
Crude Oil
Recommended Open Position Long at 3210
Support should appear near
3194 then 3157 to 3148 and 3102 to 3092
Resistance is
at 3261 to 3270 and 3319 to 3328
Jan Unleaded
Gas
Resistance should appear near 8855 to
8870 and 9045 to 9060
Support should
appear near 8686 to 8665 and 8590 to
8560
Jan Heating Oil
Resistance should appear 9140 to 9155
and 9315 to 9345
Support should appear near 9045 then 8965 to 8935
and 8870 to 8855
The
Lively Livestock
February
Live Cattle
Resistance should
appear near
9237 and 9317 to 9347
Support is at 9157
to 9137 and 9062 to 9042
February Lean Hogs
Support is at the 5432 to 5417
and 5257 to 5342
Resistance is at 5492 to 5507 and 5552 to 5577
BW Traders should go short if a close under 5337 occurs
February Pork
Bellies
Recommended Open Position Short 4 at
8642 avg
Support should appear near 8682 to 8667
Resistance is
at 8762 to 8777 and the 8857 to 8872 region..
--Traders
should stay tuned for livestock Updates and Flashes-
The
Grande’ Grains
January Soybeans
Recommended Open Position Long at 771 1/2
Resistance
is at 776 1/4 to 777 3/4 and 783
3/4 to 786 1/2
Support should appear 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 the 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 231.5 to 232.2 and 235 to 237.
Jan Soybean Oil
Recommended open position long at 2759
Resistance should appear near 2820 to 2829 and 2874 to 2883.
Support should appear near 2775 to 2758 and 2724 to 2716.
March Corn
Recommended Open Position Long 252
1/4
Resistance should appear near 251 1/4 to 251 3/4 ..
Support is at 246 3/4 to 246 1/2
March CBOT Wheat
Recommended Open Position Long 2 at 407 1/4 avg
Resistance should appear near 411 to 412
then 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 1/2n
The Satisfying
Softs
March the ‘Monster’ Coffee
Recommended Open Position Long 2 at 6610 avg
Support
is near 6590 to 6575 and 6510 to 6485
Resistance should appear near the 6655
to 6670 and 6810 to 6835 ..
March Cocoa
Support
is at 1615 to 1609 and 1576 to 1569
Resistance should appear near 1642 to 1655 and
1689 to 1696
March Sugar
Recommended Open Position Long at 638
Support should appear near 661 to 656 and 634 to 630
Resistance should appear near 682 to 686
March
Cotton
Support should appear near 6835 to 6810 and 6755
to 6740
Resistance should appear near
6990 to 7005 and 7075 to 7090
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
Monday December 8th, 2003
4:15 PM South Florida Beach Time
* Indicates Change in BW Recommendation
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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