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


FuturesCom Investment Publications
Morning Comments Tuesday,  December 16th 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,  December 15th, 2003
2:00 PM Eastern time  


                                   The Frenzied Forex Front

March Yen
Recommended Open Position Short at 9264
Support should appear near 9316 and  9237 , a close under augurs for a test of 9156 to 9140  
Resistance
should appear near 9316 to 9347 and the 9420 to 9445 region.  

BW Traders should go short if a close under 9232 occurs 

March Euro Currency (EC)
Recommended Open Position Short at 12171
Support
should appear at 1.2175 and the 1.2030 to 1.1920 region..
Resistance is at the 12320 to 12380 region..BW  Traders  Who have Ice Water running through their veins can sell at 1.2312 and risk a close over 12392 for three days in a row. Beyond that resistance should appear near the 1.2680 to 1.2740 region..  BW Traders can sell at 1.2672 for a quick turn lower…

March Swiss Franc
Resistance
should appear near  7954 and the 8029 to 8044 region , which should cap a rally ..
BW Traders can sell at 8027 and risk a close over 8137 for three days in a row.   

Support
should appear near 7864 to 7836
BW Traders should go short if a close under 7932 occurs 

March  British Pound
Support
should appear near 1.7310 and  1.7135 
Resistance should appear near 1.7380 region and 1.7560.   

March Canadian Dollar
S
upport should appear near and the 7513 to 7486 region.
Resistance
is at the 7587 to 7601 and 7675 to 7689. 

BW Traders should go short if a close under 7481 occurs

March Aussie Dollar
Support 
should appear near 7342 to 7328 
Resistance should appear at 7414 to 7428

 

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance
should appear near 10104 to 10136  then 10185 and the 10320 to 10360 region,
Support should appear near 10037 to 10021 and 9937 to 9921 

March SP500
Resistance should appear near 1082.00 and the 1096.00 to 1101.00 region. 
Support should appear near 1068 to 1063 and 1958.00

BW Traders should go long if a close over 1082.30  occurs  

Nasdaq Composite
Resistance 
should appear near 1946 to 1953 .
Support should appear near 1909 to 1902 region.

March  Mini Nasdaq 100
Resistance
is at 1415 to 1421
Support is at 1383 to 1377 

March 10 Year T-Note

Resistance
should appear near 112-08 and 112-23
Support is at 111-23 and 111-07

Precious Metals

February Gold
Support should appear at 405.6 to 404.6. and 392.9 to 390 90 .
Resistance is at  411.0 to 412.00 and 416.3 to 418.3. 

March Copper
Support
should appear near 9935 to 9920 and 9840 to 9820. 
Resistance should appear near 10020 to 10035  and the 10105 to 10135 region.
BW Traders should go long if a close over 9955 occurs.

March Silver
Support
should appear 557.5 to 555.5 and  the 550.5 to 549.0 region
Resistance is at 565.5 and the 571.5 to 573 region

..

The Exciting Energies

February Crude Oil
Support
should appear near 3270 to 3261 and 3213 to 3194
Resistance is at 3328 then  3377 to 3386 and the 3425 to 3443 region

February  Unlead
ed Gas
Resistance should appear near 9140 to 9155 and 9315 to 9345 .
Beyond that resistance is at 9705 to 9735 , which should cap a rally.
Support should appear near 9060 to 9045 and 8870 to 8855 .

February Heating Oil
Resistance should appear near 9315 to 9345  and  9705 to 9735..
Beyond that sellers should appear near 10020 to 10035.
Support should appear near 9155 to 9140 and 8965 to 8935

The Lively Livestock

February Live Cattle
Resistance
should appear near 9042 to 9062 and 9137 
Support  is at 8967 to 8937

February Lean Hogs
Support
is at  5257 and  5212 to 5197
Resistance is 5347 to 5357 and 5417 to 5432

April Hogs
Support
is at 5507 to 5492 and the 5357 to 5337 region
Resistance
is at 5637 to 5652 and 5717 to 5732 ..
BW  Traders should go short if a close under 5537 occurs.

February Pork Bellies
Recommended Open Position Short  2 at 8542 avg
Support
should appear near 8502 to 8482 and 8407 to 8392
Resistance
is at 8562 to 8592 and 8667 to 8682


The Grande’ Grains

March Soybeans
Resistance
is at 777 3/4 and 783 3/4  to 786 1/2 region. 
Beyond that sellers should appear near 793 3/4 to 795 1/2 
Support should appear at  768 3/4 to 767 ˝ and the 760 1/4 to 758 3/4 region 
BW  Traders who sleep on a bed of nails should go Short if a close under 776 1/4 .occurs.

March Soymeal
Support
should appear near 231.5 and  227.5 to 226.7 
Resistance should appear near 235.4 to 237.0 and the 241.1 to 241.9 region.
BW Traders should go short If a close under 231.2 occurs. 

March Soybean Oil
Resistance should appear near 2874 to 2883 then 2928 to 2936,
Support should appear near 2829 to 2820 and 2775 to 2758.

March Corn
Recommended Open Position Long at 253 3/4 
Resistance
should appear near 255 1/2 to 256 3/4  and 261 1/4 to 262 
Support is at  251 3/4 to 251 1/4 and 246 3/4 to 246 1/4

March CBOT Wheat
Resistance
 should appear near 390 3/4 to 392 3/4 
Support
should appear near 380 3/4 to 379 1/2 ..

 

                                The Satisfying Softs

March the ‘Monster’ Coffee
Recommended Open Position Long 6645            
Support
is near 6190 to 6165 and the 6115 to 6105 region..BW Traders can buy 
at  6120 and hold for higher prices.. risk a close under 5935 three days in a row.. .
Resistance
should appear near 6335 to 6350 
BW Traders should go long if a close over 6595 occurs

March Cocoa 
Support
is at  1615 to 1609.. Below that buyers should appear near 1576 to 1569....
BW Traders can buy at 1612 and risk a close under 1549 for three days in a row.
Resistance
should appear near 1689 to 1696 and 1731 to 1738
BW 
Traders should go long if a close over 1697 occurs

March Sugar
Recommended Open Position Long 665            
Support
should appear near 634 to 630 and  609 to 601
Resistance
should appear near 656 to 661 and 686 to 686
BW Traders should go long if a close over  687 occurs

March Cotton
Recommended Open Position Long 665            
Support should appear near  7005 to 6990 then 6835 to 6810 and the 6755 to 6740 region.  
Resistance should appear near  7075 to 7090 and  7140 to 7170 

A Ship in Harbor is Safe.. But that is not what ships are built for –

Happy Trading!  
Bill
 wil@futurescom.com

1-866-409-3890
Monday December 15th   2003
3:35 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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