FuturesCom
Investment Publications
Morning Comments Friday January 2nd 2004
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
Everyone have a Safe and Happy New Years eve !
Wed December 31st, 2003
2:00
PM Eastern time
The Frenzied Forex Front
March Yen
Support should appear near 9316 and 9237
Resistance should appear near 9347 then 9429 to 9445 and the 9526 to 9543 region.
BW Traders can sell at 9417 for a turn lower and risk a close over 9547 for
three days in a row.
BW Traders should go short if a close under 9316 occurs
March Euro Currency (EC)
Support should appear at 1.2530 and 1.2380 to 1.2320 ..
Resistance is at the1.2680 to 1.2740 region.BW
Traders can sell at 1.2672 and risk a close
over 1.2770 for three days in
a row.. ..BW Traders should go short if a close under 1.2349 occurs..
March Swiss
Franc
Recommended open position short at 8117
Resistance should appear near 8119 to 8134, which should cap a rally ..
Support should appear
near 8044 to 8029
Aggressive BW Traders should go short if a close under 7988 occurs
March
British Pound
Support should appear near 1.7740 and 1.7560,
below that a test of 1.7380 to 1.7310 is likely.
Resistance should appear 1.7800 and
1.7940, beyond that sellers should appear near 1.8080 to 1.8220
BW Traders should go short if a close under 1.7554 occurs..
March Canadian Dollar
Support should appear near 7675 and
7601 to 7587
Resistance is at the 7762 to 7777
March Aussie Dollar
Support should appear near 7428
to 7414 and 7342
to 7328
Resistance should appear at 7486 to 7513 region
BW 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 and 113-07
Support
is
at 112-07 and 111-22. below that 111-07 should provide support..
The
Lively Livestock
February
Live Cattle
Support should appear near 7342 to 7327 then 7172 to 7142 and 7087 to 7072
Resistance is at 7487 to 7512 and 7587
to 7602
April Cattle
Support should appear near 7142 then 7087 to 7072 and 7002 to 6992
Resistance is at 7242 to 7257 anf 7417
to 7432
February
Lean Hogs
Support is at 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
Recommended open postion short at 5500
Support is at 5432 to 5417 and
5357 to 5342
Resistance is at 5492 to 5507 and 5552 to 5577. .Beyond that sellers should appear near
the 5637 to 5652 .
February Pork
Bellies
Recommended open position short 2 at 8657 avg
Support should appear near 8592 to 8562 and 8502 to 8482
Resistance is at
8667to 8682 and 8762 to 8777 .. Beyond that resistance is at
8857 to 8872 and the 8937 to 8967 region.
The
Grande’ Grains
March Soybeans
Recommended open position short at 783 1/4
Resistance is at 795 1/2 and the 802 1/2 to 804 1/2
region
Support should appear at 786 1/2 to
783 3/4 and 777 3/4 to 776 1/4,
March Soymeal
Support should appear near 241.9 to 241.1 and 237 to 235.4
Resistance should appear near 246.1 to 246.9 and 251.1 to 251.9
March Soybean Oil
Resistance should appear near 2820 to 2829..
Support should appear near 2775 to 2758
March Corn
Resistance should appear near 246 1/4 to 246 3/4 and 251 1/4 to 251 3/4.
Support is at 241 3/4 to 241 1/4
and the 237 to 235
region
BW Traders can buy at 237 3/4 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 379
1/2 to 380 3/4 and 385 3/4 to 386 3/4 .BW Traders can sell at 378 3/4 for a turn
lower , risk a close over 386 3/4 for three days in a row.
Beyond that resistance near 390 3/4 to 392 3/4¾ should cap a rally for a
bit.
BW Traders should go short if a close under 361 1/4 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
Wed December 31st 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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