Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds
- Dow Jones - Nasdaq - SP500
Precious Metals - Energy - Livestock -
Grains - Softs
FuturesCom
Investment Publications
Morning Comments, Monday Sept 29th ,
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
Sunday September 28th, 2003
1:00
PM Eastern time
December Yen
Support should appear near 8934 and 8871 to 8856
Resistance should appear near 9004, a trade over is freindly and augurs
for a test of 9044 to 9060
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 7416
Resistance should appear near 7486 to 7513,
beyond that a test of the 7587 to 7601 region is likely..
Support should
appear near 7428 to 7414 and 7342 to 7328
December
British Pound
Recommended open position Long at 16418
Support should appear near 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 9316 to 9347 and 9429 to 9445
Support should appear near 9236, a slip under augurs for a test of 9156 to 9140
December SP500
Recommended Open position Short at 1016.20
Resistance should appear near 997.90 and 1002.10 to 1003.70
Support should appear near 993.70 to 992.10 and the 983.70 to 982.10 region.
Nasdaq Composite
Resistance should appear near 1808 to 1822 and 1858 to 1865.
Support should appear near 1780 to 1774 and 1731 to 1738
December Mini Nasdaq 100
Resistance is at 1334 to 1346 and 1377 to 1383
Support is at 1310
to1304 and the 1274 to 1268 region
December
10 Year T-Note
Resistance should appear near 114-07 and 114-22
Support is at 113-23
and 113-07
The
Precious Metals
December Gold
Recommended Open position Long at 388
Support should appear at 380.6 to 379.5 and the 374.3 to 373.6 region
Resistance is at 385.8 to 386.7 .
December
Copper
Recommended Open position Short at 8200
Support should appear near 8190
and 8135 to 8120
Resistance should appear near 8300 to
8315 and 8390 to
8405
December Silver
Recommended Open position Long at 522
Support should appear near 514 to 512.5 and 506.5 to 505.5
Resistance is at 520 to 521.5 and 525.5 to 528.5
The
Exciting Energies
November
Crude Oil
Recommended Open position
Long at 2800
Support should appear near 2775 to 2758
and 2724 to 2716
Resistance is at 2820 to 2829
and 2874 to 2883
November Unleaded
Gas
Resistance should appear near
7865 and 7940 to 7955
Support should appear near 7780 to 7765 and
7690 to 7675
November
Heating Oil
Recommended open Position Long 2 at 7230
Resistance is
at 7585 to 7605 and 7675 to 7690
Support should appear near 7515 to 7485 and 7430 to 7415
The Lively Livestock
October Live Cattle
Support should
appear near 8502 to 8482 and 8447
Resistance is at 8567 to 8582 and 8667 to 8682
December
Live Cattle
Recommended open Position
Short at 8297
Support should
appear near 8317 to 8302 and 8227 to 8192
Resistance is at 8392 to 8407 and 8442
October Lean Hogs
Support is at 5577 to 5552 and 5507 to 5492
Resistance is at 5652 and 5717 to 5732
December Lean Hogs
Support is at 5597 to 5492 and 5432 to 5417
Resistance is at
5552 to 5577 and 5637 to 5652
February Pork
Bellies
Recommended open Position Short
2 at 8797 avg
Support should appear near 8502 to 8482 and 8407 to 8392.. Below
that a test of 8317 to 8302 is likely.
Resistance is
at 8627 then 8667 to 8682 and the 8762 to 8777 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 195.3 to 194.6 and 190.9 to 190.2
Resistance 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 2411 to 2419
Support should appear near 2354
December Corn
Recommended open Position Long 222
3/4
Resistance should appear near 227 1/2 and 231 1/2 to 232 1/2 .
Support is at 222 3/4 to 221 3/4
December CBOT Wheat
Recommended open Position Long at 353
Support should appear near 356
1/2 to 355 1/4 and 350
1/4 to 349 1/4
Resistance is at
361
1/4 to 362 1/4 and 366 1/4 to 368 1/4
The Satisfying Softs
December the
‘Monster’ Coffee
Recommended open Position Long 2 at
6755
Support is near 6275 to 6255 and 6115
to 6105 .. BW Traders can buy at 6125 and risk a close under 5845 for three days
in a row.
Resistance should appear near 6350 and 6415 to 6430
December Cocoa
Resistance is at 1609 to 1615 and 1642 to 1655
Support 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 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
Sunday September 28th
2003
2:15 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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