FuturesCom
Investment Publications
Morning Comments Wednesday, December 10th 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, December 9th, 2003
2:00 PM Eastern time
The
‘Frenzied’ Forex Front
Support
should appear near the 9347 to 9316.
Resistance should appear near 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 1.7310 then 1.7120 and the 1.6960 to 16890 .region.
Resistance should appear near 1.7380 and 1.7560.
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 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 10104 to 10136
Support should appear near 9921 then 9837 to 9821 and 9737 to 9707
December SP500
Recommended Open Position Long at 1069.2
Resistance
should appear near 1068 and 1082.00 Beyond that sellers should
appear near 1096.00 to 1101.00
Support should appear near 1058.00 and
1047.00 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
1946 to 1953
Support should appear near 1909 to 1902.
December Mini
Nasdaq 100
Resistance is at 1415 to 1421 .
Support is at 1383 to 1377
March 10 Year T-Note
Resistance should
appear near 111-07 then 111-22 and 12-07
Support is at 110-22 and 110-07
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
Recommended Open Position Long at 9790
Support should appear near 9735
to 9705 and 9640 to 9625
Resistance should appear near
the 9820 to 9835 and 9920 to
9935.
March Silver
Support
should appear 557.5 to 555.5 and 550.5 to 549.5
Resistance is at 571.5 to 573 and 579 to 580.5
Stay tuned for updates..
The Exciting Energies
Jan
Crude Oil
Recommended Open Position Long at 3210
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 8765 to
8770 and 9045 to
9060
Support should appear near 8590 to 8560 and 8505 to 8485
Jan Heating Oil
Resistance should appear 9045 to 9060
and 9140 to 9155
Support should appear near 8685 to 8665
and 8405 to 8390
The
Lively Livestock
February
Live Cattle
Resistance should
appear near
9237 and 9317 to 9347
Support is at 8967 to
8937 and 8872 to 8857
February Lean Hogs
Support is at the 5212 to 5197
and the 5142 to 5127 region.
Resistance is at 5257 to 5282 and 5347 to 5357
February Pork
Bellies
Recommended Open Position Short 3 at
8685 avg
Support should appear near 8587 to 8562 and the8502 to 8482
region.
Resistance is
at 8667 to 8682 and 8762 to 8777..
--Traders
should stay tuned for livestock Updates and Flashes-
The
Grande’ Grains
January Soybeans
Resistance
should appear near 793 3/4 to
795 1/2 and the 802 3/4 to 804 1/2 region. Beyond that sellers should appear near
8811 3/4 to 813 1/.2
Support should appear 783 3/4 then 777 3/4 to 776 1/4 and the 768 3/4 to 767 1./2 region.
Jan
Soymeal
Recommended Open Position Long at 232.8
Support should appear near 232.2 to 231.5 and 227.5 to 226.7 .. below
that buyers should appear near 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 2874 to 2883 and 2928 to 2937
Support should appear near 2829 to 2820 and 2775 to 2758.
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 414 1/2
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 1696 to 1689 and 1655 to 1642
Resistance should appear near 1738 and the 1774 to
1780 region.
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 6920 to 6905 then 6835 to 6810
and 6755 to 6740
Resistance should appear near
6990 to 7005 then 7075 to 7090 and 71`40 to 7170
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 9th, 2003
3:00 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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