Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds
- Dow Jones - Nasdaq - SP500
Precious Metals - Energy - Livestock -
Grains - Softs
FuturesCom
Investment Publications
Morning Comments, Tuesday Sept 23rd ,
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 September 22nd, 2003
2:00 PM Eastern time
December Yen
Support should appear near 8934 and 8871 to 8856
Resistance should appear near 9044 to 9060 and 9140 to 9156
December Euro Currency (EC)
Recommended open position Long at 11457
Support should appear at 11430 to 11405 then 11360 to 11330 and 11300
Resistance is at
11500 region.. A close over is friendly and indicates an eventual test of
11640 to 11690
December Swiss Franc
Recommended open position Long 2 at 7368 avg
Resistance should appear near 7414
to 7428 and the 7486 to 7513 region…
Support should appear near 7342 to 7328 and the 7255 to 7243 region
December
British Pound
Recommended open position Long at 1.6418
Support should appear near 1..6352 and 1.6286
Resistance should appear near 1.6420
to 1.6484 and 1.6550
December Canadian Dollar
Recommended Open Position Long 7379
Support should appear near 7342
to 7328 and 7255 to 7242…
Resistance is at 7414 to 7428 and the
7486 to 7513 region
December Aussie Dollar
Recommended open position Long a 6739
Support should appear near 6673
to 6659 and 6591 to 6577 BW Traders can buy at 6596 for a bounce and hold
for higher prices .
Resistance should appear near 6755 and the 6809 to 6836 region..
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear
near 9542 and 9625 to 9641 , beyond that sellers should appear near 9707
to 9737 and 9821 to 9837.
Support should appear near 9445 to 9429 and the 9347 to 9316 region.
December SP500
Recommended Open position Short at 1016.20
Resistance should appear near the1032.00 to 1036.00 region, beyond that sellers
should appear near 1047.00 then 1058.00 to 1068.00 and 1096 to 1101 .. Traders
can sell at 1095.90 and risk a close over 1101.90 for three days in a row
Support should appear near 1018.50 and 1013.60 to 1010.40 . Below
that buyers should appear near 1005.00 and 1003.70 to 1002.10.
Under that support is 993.70 to 992.10 and the 983.70 to 982.10 region.
Nasdaq Composite
Resistance should appear near 1902 to 1909 then 1946 to 1953 and the 1982 to
1996 region..
Support should appear near 1865 to 1858 and 1822 to 1808
December Mini Nasdaq 100
Resistance is at 1377 to 1383 ..beyond that sellers should appear near 1415
to 1421
Support is at 1346 to 1334 . Below that buyers should appear near 1310
to1304
December
10 Year T-Note
Resistance should appear near 112-07 and 112-23
Support is at
111-23 and 111-07.. Under that buyers should step in near 110-22
The
Precious Metals
December Gold
Recommended Open position Long 2 at 385.50 avg
Support should appear at 386.7 to 385.8 and 380.6 to 379.5
.
Resistance is at 390.90 to 392.90 and 398.20 to 399.20 .
December
Copper
Recommended Open position Short at 8200
Support should appear near
8315 to 8300 , a close under is negative and augurs for a test of
8225 to 8190
Resistance should appear near 8390 to
8405 and the 8485 to 8495 region.
December Silver
Support should appear near 525 and 521.5 to 520 .BW Traders can buy at 522 and risk a close under 512 for three days in row.
Below that buyers should appear near 514 to 512.5
Resistance is at the 534.5
to 535.5 and 541.5 to 543.0
The
Exciting Energies
November
Crude Oil
Recommended Open position
Long at 2800
Support should appear near 2672 to
2663 and 2620 to 2612
Resistance is at 2758 to 2775
November Unleaded
Gas
Resistance should appear near
7585 to 7605 and 7665 to 7685
Support should appear near 7345
to 7325 and 7170 to 7140
November
Heating Oil
Recommended open Position Long 2 at 7230
Resistance is
at 7325 to 7345 and 7415 to 7430
Support should appear near 7090 to 7075 and 7005 to 6990
The Lively Livestock
October Live Cattle
Support should
appear near 8587 to 8557 and 8502 to 8482
Resistance is at 8662 to 8687 and 8762 to 8777. . BW Traders can sell at 8652 and
risk a close over 8782 for three days in a
row.
BW Traders should go short if a close under 8477 occurs..
December
Live Cattle
Recommended open Position
Short at 8297
Support should
appear near 8317 to 8302 and 8222 to 8197
Resistance is at 8392 to 8407 and 8482 to 8502
BW Traders should go short if a close under 8187 occurs.
October Lean Hogs
Recommended open Position Short
5547
Support is at 6022 and 5957 to 5942
Resistance is at 6102 to 6117 and 6162 to 6192
December Lean Hogs
Support is at 5792 and 5732 to 5717
Resistance is at 5852
to 5882 region.. beyond that sellers should appear near 5947 to 5957
BW Traders should go short if a close under 5787 occurs.
February Pork
Bellies
Recommended open Position Short
2 at 8797 avg
Support should appear near 8682 to 8667 and 8592 to 8562
Resistance is
at 8762 to 8777 and the 8857 to 8872 region.
The
Grande’ Grains
November Soybeans
Resistance is at 657 ¾ to 659 ¼ and 665 3/4 to 667 1/4
Beyond that sellers should appear near 674 ½ to 675 ½ and 680 ¾ to 683
¾ ..
Support should appear at 650 3/4 to 648 3/4 and 643 to 641 3/4
December
Soymeal
Support should appear near 190.9 to 190.2 and 186.5 to 185.8. BW
Traders can buy at 186.7 and risk a close under 180.4
for three days in a row.
Resistance should appear near the 194.6 to 195.3 region Beyond that
sellers should appear near 198.2 to 199.6 and 203.4 to 204.2
BW Traders can sell at 203.1
and risk a close over 209.2 for three days in a row.
December Soybean Oil
Recommended open Position Short
2262
Resistance should appear near 2411 to 2419. Beyond that sellers should appear near
2461 to 2469
Support should appear near 2370 to 2354 and 2322 to 2315
December Corn
Recommended open Position Long 222
3/4
Resistance should appear near 231 1/2 to 232 1/4 and 235 1/2 to 237..
Support is at 227 1/2 to 226 3/4
and 222 3/4 to 221 3/4
December CBOT Wheat
Recommended open Position Long 2 at 353 3/4 avg
Support should appear near 344
1/2 to 342 1/2 .. Below that buyers should appear near 338 3/4 to 337 3/4 and
332 3/4 to 331 3/4 .
Resistance is at
349 1/4 to 350 1/4 and the 355 1/4 to 356 1/2
region
BW traders should go Long if
a close over 351 1/4
occurs
The Satisfying Softs
December the
‘Monster’ Coffee
Recommended open Position Long 2 at
6755
Support is near 6430 to 6415 and 6350
to 6335
Resistance should appear near 6485 to 6510 and 6575 to 6590
December Cocoa
Support is at 1496 to 1489 then 1459 to 1453 and the 1421 to 1415
region
Resistance should appear near 1529 toi 1535 and the 1569 to 1576 region
March Sugar
Recommended open Position Long at 610
Support should appear near 609 to 601 and 586 to 583.
BW Traders can buy at 587 for a bounce and risk a close under 554 for three days
in a row.
Resistance should appear near 634
and 656 to 661
BW Traders should go long if a close over 637 occurs.
December
Cotton
Support should appear near 6510 to 6485 and the 6430 to 6415 region.. Below that buyers
should appear near 6350 to 6335 and
the 6190 to 6165 region. BW Traders
can buy at 6355 and hold for higher prices, risk a close under 6100 for three
days in a row..
Resistance should appear near 6655 to 6670 and the 6740 to 6755 region, a close over is friendly and augurs for a test of 6810 to 6835 and the 6990 to 7005 region.. BW Traders should go long if a close over 6765 occurs..
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
Monday September 22nd 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.
-----------------------------------------------------------------------------------------
FuturesCom Investment Publications Copyright@1996-2003 all rights reserved