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


FuturesCom Investment Publications
Morning Comments Friday,  December 19th 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,  December 18th, 2003
2:00 PM Eastern time  

                                    The Frenzied Forex Front

 

March Yen
Recommended Open Position Short 2 at 9291 avg
Support should appear near 9316 and 9237 , a close under augurs for a test of 9156 to 9140 
Resistance
should appear near 9347 and the 9420 to 9445 region. 

March Euro Currency (EC)
Recommended Open Position Short at 12312
Support
should appear at 12380 to 12320 . 
Resistance is at 12425 and 1.2530

March Swiss Franc
Resistance
should appear near 8029 to 8044 region.
Support should appear near 7954 to 7939  

March  British Pound
Support
should appear near 1.7380 to 1.7310 
Resistance should appear near  the 1.7740 to 1.7800  region.   

March Canadian Dollar
S
upport should appear near 7428 to 7414.
Resistance
is at the 7487 to 7513 

March Aussie Dollar
Support 
should appear near 7328 and 7255 to 7242  
Resistance should appear at 7342 and 7378

 

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance
should appear near 10320 to 10360 
Support should appear near 10185 and 10137 to 10104   

March SP500
Recommended Open Position Long 2  at 1074 avg 
Resistance should appear near 1096.00 to 1101.00. 
Support should appear near 1082 and 1068 to 1958.00

Nasdaq Composite
Resistance 
should appear near 1982 to 1996.
Support should appear near 1953 to 1946.

March  Mini Nasdaq 100
Resistance
is at 1453 to 1459
Support is at 1421 to 1415 

March 10 Year T-Note

Resistance
should appear near 113-07 and 113-22
Support is at 112-23 and 112-07

Precious Metals

February Gold
Support should appear at  411 and 405.6 to 404.6. .
Resistance is at  416.3 to 418.3 and 423.8 to 424.9  

March Copper
Recommended Open Position Long at 1.0035
Support should appear near 9935 to 9920 and 9840 to 9820. 
Resistance should appear near 10185 and the 10320 to 10360 region.

March Silver
Support
should appear 573 to 571.5 and 565.5 to 564 
Resistance is at 579 to 580.5 and 585.5 to 588

..

The Exciting Energies

February Crude Oil
Support
should appear near 3328 to 3319 and 3270 to 3261
Resistance is at  3377 to 3386 and the 3425 to 3443 region

February  Unlead
ed Gas
Resistance should appear near 9525 to 9540 and 9705 to 9735
Support should appear near 9345 to 9315 and 9155 to 9140 .

February Heating Oil
Resistance should appear near 9705 to 9735..Beyond that sellers should appear near 10020 to 10035.
Support should appear near  9445 to 9430 and 9345 to 9315

The Lively Livestock

February Live Cattle
Resistance
should appear near 8857 to 8872 and 8937 
Support  is at 8777  to 8762 and 8682 to 8667

February Lean Hogs
Support
is at 5142 to 5127 and 5067 to 5057 
Resistance
is 5197 to 5212 and 5257 to 5282

April Hogs
Support is at 5432 to 5417 and 5357 to 5337 
Resistance
is at 5492 to 5507 and 5552 to 5577.

February Pork Bellies
Support should appear near 8562 then 8502 to 8482 and 8407 to 8392
Resistance
is at 8667 to 8682 and 8762 to 8777


The Grande’ Grains

March Soybeans
Resistance
is at  767 1/2 to 768 3/4 and  776 3/4 to 777 3/4 
Support should appear at 760 1/4 to 758 3/4 and 751 1/4 to 748 3/4

March Soymeal

Support
should appear near 227.5 to 226.7 and the 222.6 to 221.9 region. 
Resistance should appear near 231.5 to 232.2 and 235.4 to 237.0


March Soybean Oil

Resistance should appear near 2758 to 2775 and 2820 to 2829 
Support should appear near 2724 to 2716 region . Below that 2672 to 2663  should hold..
BW  Traders can buy at 2677 and risk a close under 2658 for three days in a row.

March Corn
Recommended Open Position Long at 253 3/4 
Resistance
should appear near 251 1/4 to 251 3/4 
Support is at 246 3/4 to 246 1/4

March CBOT Wheat
Resistance
 should appear near 398 1/4 to 399 1/4 and 404 3/4 to 405 3/4 
Support
should appear near 392 3/4 to 390 3./4 and 386 3/4 to 385 3/4  ..

 

                                The Satisfying Softs

March the ‘Monster’ Coffee
Recommended Open Position Long 6645            
Support
is near 6270 to 6255 then 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 and 6415 to 6430
BW Traders should go long if a close over 6595 occurs

March Cocoa 
Support
is at 1576 to 1569 and 1535 to 1529.
Resistance
should appear near 1609 to 1615 and 1689 to 1696

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 7055            
Support should appear near 6920 to 6905 and 6835 to 6810 .  
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

1-866-409-3890
Thursday  December 18th   2003
3:45 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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