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 5th 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,  Dec 4th, 2003
2:00 PM Eastern time  

                             The ‘Frenzied’ Forex Front
March Yen
Recommended Open Position Short 9232
Support should appear near the 9156 to 9140 region

Resistance should appear near 9316 to 9347 

BW Traders should go short if a close under 9136 occurs

March Euro Currency (EC)
Support
should appear at 12030 then 11975 and 11920 

Resistance is at 121.75 and the 12320 to 12380 region.. BW  Traders can sell at 1.2312 
and risk a close over 12392 for three days in a row.

BW Traders should go short if a close under 11918 occurs

March Swiss Franc
Resistance
should appear near 7836 to 7864 and 7939 to 7954

Support should appear near 7777 to 7763 and the 7689 to 7675 region

BW Traders should go short if a close under 7723 occurs

March  British Pound
Support
should appear near 1.6960 to 16890 .. 

Resistance
should appear near the 1.7130 and the 17310 to 1.7380 region.

March Canadian Dollar
Recommended open position Short at 7640
Support should appear near 7587 and the 7513 to 7487 region

Resistance is at the 7637 then 7675 to 7689 and 7763 to 7777.     

March Aussie Dollar
Support 
should appear near 7255 to 7242 and 7170 to 7143 . 

Resistance should appear at   7328 to 7342 , BW traders can sell at 7323 for a turn lower and risk a close over 7433 for three days in a row. .Aggressive BW  traders should go short if a close under  7139 occurs


  
The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance
should appear near 9921 to 9937..Beyond that sellers should appear near 10,021 to 10,037 

Support
should appear near 9837 to 9821 then 9737 to 9707 and 9641 to 9625.

December SP500
Recommended Open Position Long at 1069.2
Resistance should appear near 1068 and 1075.00,  a close over is friendly and augurs for a test of . 1082.00  Beyond that sellers should appear near 1096.00 to 1101.00  

Support should appear near  1063.00 to 1058.00 and 1047.00 
BW Traders can buy at 1052.70 for a bounce and risk a close under 1046.30 for three days in row 

Nasdaq Composite
Resistance 
should appear near 1982 to 1996 and  2034 to 2042

Support should appear near 1953 to 1946 and 1909 to 1902.

December  Mini Nasdaq 100
Resistance
is at 1453 to 1459 and 1484 to 1496.. 

Support is at 1421 to 1415 then 1383 to 1377

March 10 Year T-Note
Resistance
should appear near 111-07 then 111-22 and 112-07

Support is at 110-07.. Below that buyers should appear near 109-22 and 109-07.. 

                                          Precious Metals    
February Gold

Support should appear at 399.2 to 398.2 and 392.9 to 390 90

Resistance is at 404.6 to 405.6 and  411 to 412

March
Copper

Recommended open position long at 9600
Support should appear near  9640 to 9625 and  9540 to 9525 

Resistance should appear near the 9820 to 9835 and 9920 to 9935.

March Silver
Recommended open position long at 548
Support
should appear 543 to 541 and 535.5 to 534.5

Resistance is at 555.5 to 557.5 and 564 to 565.5 
Stay tuned for updates..

The Exciting Energies

Jan Crude Oil
Support
should appear near 3102 to 3092 and 3045 to 3036

Resistance is at 3148 to 3157 and 3194 to 3213

BW  Traders should go long if a close over 3162 occurs

Jan Unleaded Gas
Resistance should appear near 8665 to 8680 and 8765 to 8775

Support should appear near 8590 to 8560 and 8405 to 8390  

Jan Heating Oil
Recommended Open Position Long at 8805
Resistance should appear 8935 to 8965 and 9045 to 9060

Support should appear near 8775 to 8760 then 8590 to 8560 and 8405 to 8390 .
.

                                                                                  The Lively Livestock

February Live Cattle
Resistance should appear near 9237 and 9317 to 9347 

Support  is at  9157 to 9137 and 9062 to 9042

February Lean Hogs
Support
is at  the 5282 to 5257  and the 5212 to 5200 region

Resistance is at 5342 to 5357 and 5417 to 5432 

February Pork Bellies
Recommended Open Position Short 4 at 8642 avg
Support
should appear near 8587 to 8562 and 8502 to 8482. 

Resistance is at 8667 to 8682 and the 8762 to 8777 region. 
 --Traders should stay tuned for livestock Updates and Flashes --

                                          The Grande’ Grains

January Soybeans
Resistance
is at  776 1/4 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 

Jan Soymeal 
Recommended Open Position Long at 232.8
Support should appear near 227.5 to 226.7 and the 222.6 to 221.9 region.  
BW
Traders can buy at  223.1 and risk a close under 211.9 for three days in a row. 

Resistance should appear near 231.5 to 232.2  and 235.4 to 237.0. 

Jan Soybean Oil
Recommended open position long at 2759
Resistance
should appear near 2758 to 2775 and 2820 to 2829

Support should appear near  2724 to 2716 and 2672 to 2663
 BW 
Traders can buy at 2699 and risk a close under 2658 for three days in a row.

March Corn
Recommended Open Position Long 252 1/4 
Resistance
should appear near  251 1/4 to 251 3/4 . 

Support
is at  246 3/4 to 246 1/2 


March CBOT Wheat
Recommended Open Position Long  2 at 407 1/4 avg
Resistance  should appear near 416 1/4 to 4181/4 and 423 3/4 to 424 3/4  

Support is at 405 3/4 to 404 3/4..   Below that buyers should appear near the  399 1/4 to 398 1/2 region. 

                                    The Satisfying Softs

March the ‘Monster’ Coffee
Support
is near 6350 to 6335 and 6270 to 6255

Resistance should appear near the  6415 to 6430  and 6575 to 6590 
near
6810 to 6835 ..

March Cocoa 
Support
is at  1576 to 1569 and 1535 to 1529 

Resistance should appear near 1609 to 1615 and 1642 to 1655 

March Sugar
Recommended Open Position Long at 638
Support should appear near 661 to 656 

Resistance should appear near 682 to 686

March Cotton
Support should
appear near 7090 to 7075 and 7005 to 6990

Resistance should appear near  7140 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

1-561-433-2995

Thursday December 4th, 2003
3:30 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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