FuturesCom
Investment Publications
Morning Comments Monday, December 8th 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
Saturday December 6th, 2003
7:00
AM Eastern time
The
‘Frenzied’ Forex Front
Support
should appear near 9237 and the 9156 to 9140 region
Resistance should appear near 9316 to 9347
* BW Traders should go short if a close under 9307 occurs
March Euro Currency (EC)
Support should appear at 12102 and 12030 to 11975
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.
March Swiss
Franc
Resistance should appear near 7939 to 7954
Support
should appear near 7864 to 7836 and 7777 to 7763
* BW Traders should go Short if a close under 7831 occurs.
March
British Pound
Support should appear near 17120 and 1.6960 to 16890.
Resistance should appear near the 17310 to 1.7380 region.
March Canadian Dollar
Support should
appear near 7601 to 7587 and the 7513 to 7487 region
Resistance is at the 7675 to 7689 and 7763 to 7777.
* BW Traders should go Short if a close under 7582 occurs
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. .
* BW traders should go
short if a close under 7238 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 1968.00 , 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 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 ..
* BW Traders should go long if a
close over 1068.40 occurs
Nasdaq Composite
Resistance should appear near
1946 to 1953
Support should appear near 1927.5 and 1909 to 1902.
December Mini
Nasdaq 100
Resistance is at 1415 to 1421.
Support is at 1383 to 1377
March 10 Year T-Note
Resistance should
appear near 112-23 and 113-07
Support is at 111-23.. a
close under augurs for a test of 111-07 and 110-22..
Precious
Metals
February Gold
Support should appear at 405.6 to 404.6 and 399.2 to 398.2
Resistance is at 411
to 412 and 416.3 to 418.3
March Copper
Support should appear near
9640 to 9625 and 9540 to 9525
Resistance should appear near
the 9820 to 9835 and 9920 to
9935.
* BW Traders should go long if a close over 9745 occurs
March Silver
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
* BW Traders should go long if a close over 551.5 occurs
Stay tuned for updates..
The Exciting Energies
Jan
Crude Oil
Support should appear near 3045 to 3036
Resistance is
at 3092 to 3102
BW Traders should go long if a close over 3162 occurs
Jan Unleaded
Gas
Resistance should appear near 8560 to
8590 and 8765 to 8775
Support should appear near 8505 to 8485 and 8405 to 8390
Jan Heating Oil
Recommended Open Position Long at 8805
Resistance should appear 8855 to 8870 and 8935 to 8965
Support should appear near 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 5357 to 5342 and the 5212 to 5200 region
Resistance is at 5417 to 5432 and the 5492
to 5507 region.
* BW Traders should go short if a close under 5337 occurs
February Pork
Bellies
Recommended Open Position Short 4 at
8642 avg
Support should appear near 8682 to 8667 and 85892 to 8562
Resistance is
at 8762 to 8777 and 8857 to 8862
--Traders
should stay tuned for livestock Updates and Flashes-
The
Grande’ Grains
January Soybeans
Resistance
is at 767 1/2 to 768 3/4
Support should appear at 760 1/4 to 758 3/4 and 751 1/4 to 748 3/4
* BW Traders should go long of a close over 768 3/4 occurs
Jan
Soymeal
Recommended Open Position Long at 232.8
Support should appear near 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
Jan Soybean Oil
Recommended open position long at 2759
Resistance should appear near 2758 to 2775 .
Support should appear near 2724 to 2716
and 2672to 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
404 1/2 to 405 3/4 and 411 to 412
Support is at 399 1/4 to 398 1/2 and the 392 3/34 to 390 3/4 region
The Satisfying
Softs
March the ‘Monster’ Coffee
Support
is near 6430 to 6415 and 6350 to 6335
Resistance should appear near the
6575 to 6590 near 6810 to 6835 ..
* BW Traders should go long if a close over 6520 occurs
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
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
Saturday December 6th, 2003
8:00 AM. South Florida Beach Time
* Indicates Change in BW Recommendation
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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