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 30th ,
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 29th, 2003
3:00
PM Eastern time
December Yen
Support should appear near 8964 to 8934 and the 8871 to 8856 region
Resistance should appear near 9044 to 9060 and the 9140 to 9156
region
December Euro Currency (EC)
Recommended open position Long at 11457
Support should appear at 11500 and 11430 to 11405
Resistance is at 11570 and 11640 to 11690
December Swiss Franc
Recommended open position Long 7416
Resistance should appear near 7587 to 7601
and the 7675 to 7689.
Support should
appear near 7513 to 7486 and 7428 to 7414
December
British Pound
Recommended open position Long at 16418
Support should appear near 1.6550 and 16484
Resistance should appear near 1.6634
and 1.6720
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 9429 to 9445 and 9526 to 9542
Support should appear near 9347 to 9316 and 9156 to 9140
December SP500
Recommended Open position Short at 1016.20
Resistance should appear near 1003.70 to 1005 and the 1010.40 to 1013.60
region Beyond that sellers
should appear near 1018.50
Support should appear near 1002.10 to 1000 and the 993.70 to 992.10
region.
Nasdaq Composite
Resistance should appear near 1822 then 1840 and 1858 to 1865.
Support should appear near 1808 then 1794 and 1780 to 1774
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 113-22 and 114-07
Support is at 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
8225 to 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 506.5 to 505.5 and 499.5 to
497.5
Resistance is at 512.5 to 514 and 520 to 521.5
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 7835
to 7865 and 7940 to 7955
Support should appear near 7690 to 7675
and 7605 to 7585
November
Heating Oil
Recommended open Position Long 2 at 7230
Resistance is
at 7675 to 7690 and 7765 to 7775.
Support should appear near 7605 to 7585 and 7515 to 7485
The Lively Livestock
October Live Cattle
Support should
appear near 8682 to 8667 and 8582 to 8567
Resistance is at 8752 to 8777 and 8817
December
Live Cattle
Recommended open Position
Short at 8297
Support should
appear near 8407 to 8392 and 8317 to 8302
Resistance is at 8487 to 8502 and 8562 to 8592
October Lean Hogs
Support is at 5507 to 5492 and the 5432 to 5417
Resistance is at 5552 to 5577 and 5637 to 5652
December Lean Hogs
Support is at the 5357 to 5342 and the 5282 to 5257 region.
BW Traders can buy at 5362
and risk a close under 5197 for
three days in a row.
Resistance is at
5417 to 5432 and 5492 to 5507
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 8557 to 8587 and 8667 to 8682
The
Grande’ Grains
November Soybeans
Resistance is at 690 3/4 to 691 3/4 and 699 to 700 1/4 .. beyond that
sellers should appear near 707 1/2 to 708 3/4
Support should appear at 680 3/4 then 675 1/2 to 674 1/2 and the 667 1/2 to 665 3/4 region.
December
Soymeal
Recommended open Position Short 203.1
Support should appear near 199.6 to 198.2 and 195.3 to 194.6
Resistance should appear near 204.2 and 208.0 to
208.8
December Soybean Oil
Resistance should
appear near 2461 to 2469 and 2511 to 2519
Support should appear near 2419 to 2411 and 2370 to 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 355 1/4 and
the 350
1/4 to 349 1/4 regionj
Resistance is at
361 1/4 to 362 1/4 and the 366 1/4 to 368 1/4 region.
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 2 at 625 avg
Support should appear near 634 to 630 and 609 to 601
Resistance should appear near 656 to 661
December
Cotton
Recommended open Position Long at 6775
Support should appear near 6755 to 6740 and 6675 to 6655
Resistance should appear near 6810 to
6835 and the 6990 to 7005 region.
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 29th
2003
2:45 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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