FuturesCom
Investment Publications
Morning Comments Tuesday December 30th 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 29th, 2003
2:00
PM Eastern time
The Frenzied Forex Front
March Yen
Recommended open position short 9372
Support should appear near 9347 to 9316, a close under augurs for an
eventual test of 9156 to 9140 and
the 9060 to 9044 region.. Below that buyers should appear near 8964 to 8934.
Resistance should appear near 9420 to 9445 and the 9526 to 9543 region..
Traders can sell at 9417 for a turn lower and risk a close over 9547 for
three days in a row. Beyond
that 9706 to 9737 should cap a rally…
Traders should go short if a close under 9316 occurs
March Euro Currency (EC)
Support should appear at 1.2380 to 1.2320 . An extended close under augurs for an eventual
test of 1.2175 and the 1.2030 to 119.60 region.
Resistance is at 1.2530 and the1.2680 to 1.2740 region..
Traders can sell at 1.2672 and risk a close over 1.2770 for three days in
a row..
Traders should go short if a close under 1.2349 occurs..
March Swiss
Franc
Resistance should appear near 8029
to 8044 and 8119 to 8134, which should cap a rally ..
Traders can sell at 8117 and risk a close over 8137 for three days in a row.
Beyond that sellers should appear near 8194 to 8223 and the 8300 to 8314
region ..
Support should appear
near 7954 to 7939 , an extended trade under augurs for a test of
7864 to 7834 and eventually 7777 to 7763
and the 7689 to 7675 region.
Aggressive Traders should go short if a close under 7988 occurs
March
British Pound
Support should appear near 1.7380 to 1.7310
below that buyers should
appear near 1.6960 to 16890
Resistance should appear 1.7740 to
1.7800 and 1.8080 to 1.8220
Traders should go short if a close under 1.7554 occurs..
March Canadian Dollar
Support should appear near 7601
to 7587 and the 7513 to 7486 region. A close under augurs for a test of 7428 to
7414 and the 7342 to 7328 region.
Resistance is at the 7675 to
7689. Beyond that sellers should appear near 7763 to 7777 and the 7836 to 7864
region. Traders can sell at
7833 and risk a close over 7957 for three days in a row.
Traders should go short if a close under 7584 occurs
March Aussie Dollar
Support should appear near 7342
to 7328 a close under augurs for a
test of 7255 to 7242 .. Below that support should appear near 7170 to 7143 and
the 7088 to 7074 region.
Resistance should appear at 7414 to 7428 and the 7486 to 7513 region ..
Beyond that sellers should appear near 7587 to 7601…Traders can sell at 7582
and risk a close over 7608 for three days in a row.
Traders should go short if a close under 7326 occurs.
The
Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should appear
near 10470 is likely.. a close over augurs for a test of 10580 to 10630 and
10680
where sellers should appear and cap a rally
Support should appear near 10360 to 10320 and 10257
March SP500
Recommended Open Position Long 2 at 1100.90 avg
Resistance
should appear near 1115.50 and the 1130.00 to 1136.00 region.
Support should appear near 1101 to 1096 and 1082a
Nasdaq Composite
Resistance should appear
near 2034 to 2042
Support should appear near 1996 to 1982 and 1953 to 1946
March Mini
Nasdaq 100
Resistance is at 1484 to 1496
Support is at 1459
to 1453
March 10 Year T-Note
Resistance should
appear near 112-23, which should cap a rally for a bit. Beyond that sellers
should appear near 113-07
Precious
Metals
February Gold
Support should appear at 412.0
to 411.0 and 405.6 to 404.6 .. Below that buyers should appear near 386.70 to
385.80 .
Resistance is at 416.3 to
418.3. A close over is friendly and augurs for a test of 423.8 to 424.9
March Copper
Recommended open position , long at 10435
Support should appear near 10360 to 10320 and 10185
Resistance should appear near 10470 then
1.0580 to 10630 and 10680
March Silver
Support should appear 588 to 585.5 and 573.0 to 571.5
Resistance is at the 594.5 to 595.5 region. Beyond that a test of
602.5 to 603.5 is likely..
A close over is friendly and augurs for a test of 610.5 to 611.5 and the 625.0
to 627 region.
--Stay tuned for updates--
The
Exciting Energies
February
Crude Oil
Support should appear near
3213 to 3194.. Under that buyers should appear near the 3157 to 3148 region
Resistance is at 3261 to 3270 and 3319 to 3328 , a close over is friendly
and augurs for a test of 3377 to 3386
February Unleaded
Gas
Resistance should appear near 9315 to
9345 . Beyond that resistance is at 9705 to 9735, which should cap a rally.
Support should appear near 9155 to 9140 then 9060 to 9045 and 8870 to 8855 .
February
Heating Oil
Resistance should appear
near 9140 to 9155 and 9315 to 9345
Support should appear near 9060 to
9045 and the 8965 to 8935 region. Below that buyers should appear near 8875 to
8855
The
Lively Livestock
February
Live Cattle
Specific levels will be issued when it trades…
April Cattle
Support should appear near 7342 to 7328 and 7177 to 7142 …Below that 6922
to 6907 should provide some level of support.
Resistance is at 7487
to 7512 and 7672 to 7687
February
Lean Hogs
Support is at 5357 to 5342 and 5282 to 5257
Resistance is 5417 to 5432 .. Above that
resistance should appear near 5552
to 5577
Aggressive BW Traders should go
short if a close under 5257 occurs
April Hogs
Support is at 5652 to 5637 and
5577 to 5552
Resistance is at 5717 to 5732 ..Beyond that sellers should appear near
the 5792 to 5807 region.. Which should cap a rally for a bit..
BW Traders can sell at 5852 and risk a close over 5962 for three days in a
row…
BW Traders should go short if a close under 5537 occurs
February Pork
Bellies
Recommended open position short 8760
Support should appear near 8682 to 8667 and 8592 to 8562
Resistance is at
8762 to 8777 .. Beyond that resistance is at
8857 to 8872 and the 8937 to 8967 region.
Aggressive BW Traders should
go short if a close under 8557 occurs..
The
Grande’ Grains
March Soybeans
Resistance is at 802 ½ to 804 ½ region.
a close over is friendly and augurs for a test of
819 ½ to 822 ¼.
Support should appear at 786
½ to 783 ¾ and 777 ¾ to 776 ¼ , a
close under augurs for a test of 768 ¾ to 767 ½
BW Traders who sleep on a bed of nails should go Short if a
close under 783 ¼ .occurs.
March Soymeal
recommended open position , short 245.9
Support should appear near 246.9 to 246.1 and the 241.9 to 241.1 region..
A close under augurs for a test of
237 to 235.4 and the 232.2 to 231.2 region ..Below that support should appear
near 222.6 to 221.9
Resistance should appear near 255.2 to 256.8 and the 261.2 to 262 region..
Beyond that sellers should appear near 271.6 to 276.4 and the 282.0 to 282.9
region.
Traders should go short if a close under 246.1 occurs.
March Soybean Oil
Resistance should appear near 2775 and 2820 to 2829..
Support should appear near 2758, a close under augurs for a test of 2724 to 2716
March Corn
Resistance should appear near 246 ¼ to 246 ¾ .
Support is at the 237 to 235
region
BW Traders can buy at 237 ¾ and
risk a close under 226 ¼ for three days in row.
March CBOT Wheat
Support should
appear near 362 ¼ to 361 ¼ , a close under augurs for a test of 356 ½ to 355
½ and the
350 ¼ to 349 ¼ region..
Resistance should appear near the 366 ¼ to 368 ¼ and the 373 1/3 to 374
¼ region.
BW Traders can sell at 378 ¾ for a turn lower , risk a close over 386 ¾ for
three days in a row.
BW Traders should go short if a close under 361 ¼ occurs
Trade Accordingly and Stay tuned for updates
The
Satisfying Softs
March the ‘Monster’ Coffee
Recommended open position long at 6380
Support is near 6355 to 6335 and 6270 to 6255 and 6190 to 6165.
Below that buyers should appear near 6115 to 6105 and the 6035 to 6020 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 6415 to 6430 then 6485 to 6510 and the
6655 to 6670 region..
BW Traders should go long if a close over 6355 occurs
March Cocoa
Support is at 1535 to 1529 , a close under augurs for a test of 1496 to 1478
and eventually the 1453 to 1459 region.
Resistance should appear near 1569
to 1576
BW Traders should go short if a close under 1527 occurs..
March Sugar
Recommended open position short 580
Support should appear near 562 to 588 and the 538 to 534 region.
Resistance should appear near 582 to 586 and 601 to 609
March
Cotton
Recommended open position long at
7395
Support should appear near 7350 to 7335 and 7170 to 7140
Resistance should appear near 7415 to 7430 and 7585 to 7605
Traders should go long if a close over 7180 occurs
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 29, 2003
4 20 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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