FuturesCom
Investment Publications
Morning Comments Thursday, December 18th 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
Wed, December 17th, 2003
2:00
PM Eastern time
The Frenzied Forex Front
March Yen
Recommended Open Position Short at 9264
Support should appear near 9316 and 9237 , a close under augurs for a test of 9156
to 9140
Resistance should appear near 9347 and the 9420 to 9445 region.
BW Traders should go short if a close under 9232 occurs
March Euro Currency (EC)
Recommended Open Position Short 2 at 12241 avg
Support should appear at 12320 and 1.2175
Resistance is at 12380
region and 1.2530
March Swiss
Franc
Resistance should appear near
7991 and the 8029 to 8044 region , which should cap a rally ..
Support should appear near 7954 to 7939
BW Traders should go short if a close under 7932 occurs
March
British Pound
Support should appear near 1.7380 to 1.7310
Resistance should appear near 1.7560 and the 1.7740
to 1.7800 region.
March Canadian Dollar
Support should appear near and
the 7486 and 7428 to 7414.
Resistance is at the 7587 to 7601
BW Traders should go short if a close under 7481 occurs
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 10137 and 10185
Support should appear near 10104 and 10037 to 10021
March SP500
Recommended Open Position Long at 2 at 1066.1
Resistance
should appear near 1082.00 and the 1096.00 to 1101.00 region.
Support should appear near 1068 to 1063 and 1958.00
BW Traders should go long if a close over 1082.30
occurs
Nasdaq Composite
Resistance should appear near
1946 to 1953 .
Support should appear near 1909 to 1902 region.
March 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 112-07 and 111-23
Precious
Metals
February Gold
Support should appear at 412 to 411 and 405.6 to 404.6. .
Resistance is at 416.3 to
418.3 and 423.8 to 424.9
March Copper
Recommended Open Position Long at 1.0035
Support should appear near 9935 to 9920 and 9840 to 9820.
Resistance should appear near 10020 to 10035 and the
10105 to 10135 region.
March Silver
Support should appear 557.5 to 555.5 and
the 550.5 to 549.0 region
Resistance is at 571.5 to 573 and 579 to 580.5
..
The
Exciting Energies
February
Crude Oil
Support should appear near
3328 to 3319 and 3270 to 3261
Resistance is at 3377 to 3386
and the 3425 to 3443 region
February Unleaded
Gas
Resistance should appear near 9315 to 9345 . Beyond that resistance is at 9705 to 9735
Support should appear
near 9155 to 9140 then 9060 to 9045 and 8870 to 8855 .
February
Heating Oil
Resistance should appear
near 9525 to 9540 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
8967 and 9042 to 9062
Support is at 8872 to
8857
February
Lean Hogs
Support is at 5212 to 5197
Resistance is 5257 to 5282 and 5342 to 5357
April Hogs
Recommended open position short at 5442
Support is at 5432 to 5417
and 5357 to 5337
Resistance is at 5492 to 5507 and 5552 to 5577.
February Pork
Bellies
Recommended Open Position Short
2 at 8542 avg
Support should appear near 8502 to 8482 and 8407 to 8392
Resistance is at 8562 to 8592
and 8667 to 8682
The Grande’ Grains
March Soybeans
Recommended Open Position Short at 769
Resistance is at 776 3/4 to 777 3/4 and 783 3/4 to 786
1/2
Support should appear at 768 3/4 to
767 ½ and the 760 1/4 to 758 3/4 region
March
Soymeal
Recommended Open Position Short at 229.3
Support should appear near 227.5 to 226.7 and the 222.6 to
221.9 region.
Resistance should appear near 231.5 to 232.2 and 235.4 to 237.0
March Soybean Oil
Resistance should appear near 2820 to 2829 and 2874 to 2883
Support should appear near 2775 to 2758 and the 2724 to 2716 region
March Corn
Recommended Open Position Long at 253 3/4
Resistance should appear near 255 1/2 to 256 3/4
and 261 1/4 to 262
Support is at 251 1/4 and 246 3/4 to 246 1/4
March CBOT Wheat
Resistance should appear near
390 3/4 to 392 3/4 and 398 1/4 to 399 1/4
Support should appear near 380 3/4 to
379 1/2 ..
The
Satisfying Softs
March the ‘Monster’ Coffee
Recommended Open Position Long 6645
Support is near 6350 to 6335 and 6190 to 6165 .
Resistance should appear near 6415 to 6430 and 6485 to 6510
BW Traders should go long if a close over 6595 occurs
March Cocoa
Support
is at 1576 to 1569 and
1535 to 1529.
Resistance should appear near 1609 to 1615 and 1689 to 1696
BW Traders
should go long if a close over 1697 occurs
March Sugar
Recommended Open Position Long 665
Support should appear near 634 to 630 and
609 to 601
Resistance should appear near 656 to 661 and 686 to 686
BW Traders should go long if a close over 687 occurs
March
Cotton
Recommended Open Position Long 7055
Support should appear near 6990
then 6835 to 6810 and the 6755 to 6740 region.
Resistance should appear near
7075 to 7090, a close over is friendly and augurs for a test of 7140 to
7170 and the 7325 to 7340 region.. ..
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
Wed December 17th 2003
3:15 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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