Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds
- Dow Jones - Nasdaq - SP500
Precious Metals - Energy - Livestock -
Grains - Softs
FuturesCom
Investment Publications
Morning Comments, Thursday Sept 25th ,
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 September 24th, 2003
2:00 PM Eastern time
December Yen
Support should appear near 8964 to 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 16418
Support should appear near 1.6484 then 1.6420 and 1.6352
Resistance should appear near 1.6550
and 1.6632
December Canadian Dollar
Recommended Open Position Long 7379
Support should appear near 7342
to 7328
Resistance is at 7414 to 7428
December Aussie Dollar
Recommended open position Long at 6739
Support should appear near 6673
to 6659.
Resistance should appear near 6741 to 6755.
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear
near 9526 to 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 9347 to 9316
December SP500
Recommended Open position Short at 1016.20
Resistance should appear near 1018.5 and the1032.00 to 1036.00 region, beyond that sellers
should appear near 1047.00 then 1058.00 to 1068.00 and 1096 to 1101.BW Traders
can sell at 1095.90 and risk a close over 1101.90 for three days in a row
Support should appear near 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 1865 then1902 to 1909 and1946 to 1953.
Support should appear near 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 113-07
and 113-23
Support is at
112-23 then 112-07 and 111-23
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 8225 to 8190
Resistance should appear near 8300 to
8315 and 8390 to
8405.
December Silver
Recommended Open position Long at 522
Support should appear near 528.5 to 525.5 and 521.5 to 520
Resistance is at 534.5
to 535.5 and 541.5 to 543
The
Exciting Energies
November
Crude Oil
Recommended Open position
Long at 2800
Support should appear near 2829 to
2820 and 2775 to 2758
Resistance is at 2874 to 2883
and 2928 to 2937
November Unleaded
Gas
Resistance should appear near
8030 to 8045 and 8300 to 8315
Support should appear near 7865 to 7835
and 7780 to 7765
November
Heating Oil
Recommended open Position Long 2 at 7230
Resistance is
at 7675 to 7690 and 7765 to 7780 and 7835 to 7865
Support should appear near 7515 to 7485 and 7430 to 7415
The Lively Livestock
October Live Cattle
Recommended Open position Short at 8652
Support should
appear near 8687 to 8662
Resistance is at 8762 to 8777
and 8857 to 8872
December
Live Cattle
Recommended open Position
Short at 8297
Support should
appear near 8407 to 8392
Resistance is at 8482 to 8502 and 8567 to 8592
October Lean Hogs
Support is at 5732to 5717 and 5652 to 5637
Resistance is at 5792 to 5807 and 5857 to 5882
December Lean Hogs
Recommended Open position Short at 5755
Support is at 5652 to 5637 5577 to 5552
Resistance is at
5717 to 5727 and the 5792 to 5807 region
February Pork
Bellies
Recommended open Position Short
2 at 8797 avg
Support should appear near 8502 to 8482 and 8407 to 8392
Resistance is
at 8662 to 8682 and 8762 to 8777.
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
Resistance should
appear near 2419 and 2461 to 2469
Support should appear near 2370 to 2354
December Corn
Recommended open Position Long 222
3/4
Resistance should appear near 226 3/4 to 227 1/2 .
Support is at 222 3/4 to 221 3/4
December CBOT Wheat
Recommended open Position Long 3 at 353 1/2 avg
Support should appear near 350
1/4 to 349 1/4 and 344 14 to 342 1/2
Resistance is at
355 1/4 to 356 1/2 and 361
1/4 to 362 1/4
The Satisfying Softs
December the
‘Monster’ Coffee
Recommended open Position Long 2 at
6755
Support is near 6510 to 6485 and 6430
to 6415
Resistance should appear near 6575 to 6590 and the 6655 to 6675 region
December Cocoa
Resistance is at 1642 to 1655 and 1689 to 1696
Resistance should appear near 1576 to 1569 and 1535 to 1529
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 630 to 634
and 656 to 661
BW Traders should go long if a close over 637 occurs.
December
Cotton
Support should appear near 6590 to 6575 and the 6505 to 6485 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
Wed September 24th
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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