FuturesCom
Investment Publications
Morning Comments Tuesday, December 23rd 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 22nd, 2003
2:00
PM Eastern time
The Frenzied Forex Front
March Yen
Support should appear near 9316 and 9237
Resistance should appear near 9347 and the 9420 to 9445 region.
March Euro Currency (EC)
Recommended open position short at 12352
Support
should appear at 12380 and 12320
Resistance is at 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 1.7740
to 1.7800.
March Canadian Dollar
Support should appear near 7428 to
7414
Resistance is at the 7486 to 7513
March Aussie Dollar
Support should appear near 7242 and
7170 to 7143
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
Recommended open position Long 2 at 1085.20 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
1946 to 1953.
Support should appear near 1927.5 and 1909 to 1902
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 112-07 and 111-23
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 10035 to 10020 and 9935 to 9920.
Resistance should appear near 10105
to 10135 and 10185 .
March Silver
Support should appear 565.5 to 564 and 557.5 to 555.5
Resistance is at 573 and 579 to 580.5
..
The
Exciting Energies
February
Crude Oil
Support should appear near 3157 to 3148
and 3045 to 3036
Resistance is at 3213 and
3261 to
3270
February Unleaded
Gas
Resistance should appear near 8935 to
8965 and 9045 to
9060
Support should appear
near 8775 to 8760 and 8590 to 8560
February
Heating Oil
Resistance should appear
near 9140 to 9155 and 9315 to 9345
Support should appear near 8965 to 8935 and 8685 to 8665
The
Lively Livestock
February
Live Cattle
Resistance should
appear near
9042 to 9062
Support is at 8967 to 8937
and 8872 to 8857
February
Lean Hogs
Support is at 5357 to 5342 and 5282 to 5257
Resistance is 5417 to 5432
and 5492 to 5507.Beyond that sellers should appear
near 5552 to 5577..
BW
Traders can sell at 5547 for a turn lower and hold for lower prices
April Hogs
Support is at 5652 to 5637 and
5577 to 5552
Resistance is at 5717
to 5732
then
5792 to 5807 and 5857 to 5882 .
BW Traders can sell at 5852 and risk a close over 5962 for three days in a
row
February Pork
Bellies
Support should appear near 8667 and 8592 to 8562
Resistance is at 8762 to 8777
and 8857 to 8872
The Grande’ Grains
March Soybeans
Resistance
is at 767 1/2 to 768 1/2 and 776 3/4 to 777 3/4
Support should appear at 758 3/4 and 751 1/4 to748 1/4
March
Soymeal
Support
should appear near 227.5 to 226.7 and 226.6 to
221.9
Resistance should appear near 231.5 to 232.20 and 235.4 to 237
March Soybean Oil
Resistance should appear near 2758 to 2775 and 2820 to 2829
Support should appear near 2724 to 2716.
. 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
Resistance
should appear near 251 1/4 to 251 3/4
Support is at 241 3/4 to 241 1/4
March CBOT Wheat
Resistance should appear near 385
3/4 to 386 3/4 and 390 3/4 to 392 3/4
Support should appear near 380 3/4 to 379 1/2
and 374 1/4 to 373 1/2
The
Satisfying Softs
March the ‘Monster’ Coffee
Support
is near 6350 to 6335 and
6270 to 6255
Resistance should appear near 6485 to 6510 and 6575 to 6590
BW Traders should go long if a close over 6595 occurs
March Cocoa
Support
is at 1535 to 1529 and 1496 to
1484
Resistance should appear near 1569 to 1576 and 1609 to 1615
March Sugar
Support
should appear near 586 to 582
Resistance should appear near 601 to 609
March
Cotton
Support should
appear near 7005 to 6990 and 6920 to 6905
Resistance should appear near 7070
to 7090 and 7145
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 22nd 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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