FuturesCom
Investment Publications
Morning Comments Monday, December 22nd 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
Sunday, December 21st, 2003
4:00
a.m. Eastern time
Stay tuned for updates and flashes in all markets.
The Frenzied Forex Front
March Yen
Support should appear near 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)
Support
should appear at 12320 and 121.75
Resistance is at 123.80 then 12425 and 1.2530
March Swiss
Franc
Resistance should appear near 8029 to 8044.
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
Support should appear near 7428 to 7414.
Resistance is at the 7487 to 7513
March Aussie Dollar
Support should appear near 7255
to 7242
Resistance should appear at 7328 to 7342
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
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 1946 and 1927.5 .
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 405.6 to 404.6. .
Resistance is at 411 to 412 and 416.3 to
418.3
March Copper
Support should appear near 10185 and 10135 to 10105 .
Resistance should appear near 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 3270 to 3261
and 3213 to 3194
Resistance is at 3319 to
3328 and 3377 to 3386
February Unleaded
Gas
Resistance should appear near 9315 to
9345 and 9525 to
9540
Support should appear
near 9155 to 9140 and 9060 to 9040.. below that a test of 8875 to 8855 is likely
February
Heating Oil
Resistance should appear
near 9625 to 9640 and 9705 to 9735..
Support should appear near 9345
to 9315 and 9155 to 9140
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 5282 to 5257
Resistance is 5342 to 5357 and 5417 to 5432 and 5492 to 5507
April Hogs
Support is at 5432 to 5417
and 5357 to 5337
Resistance is at 5637 to 5652 and 5717
to 5732..
Beyond that sellers should appear near the
5792 to 5807 region.
February Pork
Bellies
Support should appear near 8682 to 8667 and 8592 to 8562
Resistance is at 8762 to 8777
and 8857 to 8872
The Grande’ Grains
March Soybeans
Resistance
is at 776 3/4 to 777 3/4 and 783 3/4 to 786 3/4
Support should appear at 768 3/4 to 767 1/2 and 760 1/4 to 758 3/4
March
Soymeal
Support
should appear near 227.5 to 226.7
Resistance should appear near 231.5 to 232.20
March Soybean Oil
Resistance should appear near 2820 to 2829
Support should appear near 2775 to 2758 and 2724 to 2716.
March Corn
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 6415 and 6350 to 6335
Resistance should appear near 6484 to 6510 and 6575 to 6590
BW Traders should go long if a close over 6595 occurs
March Cocoa
Support
is at 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 609 to 601
Resistance should appear near 630 to 634
March
Cotton
Support should
appear near 7090 to 7075 and 7005 to 6990.
Resistance should appear near 7145
to 7170 and 7240 to 7255
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
Sunday December 21st 2003
5:25 a.m. 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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