Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds
- Dow Jones - Nasdaq - SP500
Precious Metals - Energy - Livestock -
Grains - Softs
FuturesCom
Investment Publications
Morning Comments, Wednesday October 1st
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
Tuesday September 30th, 2003
2:00
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)
Support
should appear at 11605 to 11570 and 11500
Resistance is at 11640 to11665 and 11690
December Swiss Franc
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
Support
should appear near 16484 and 1.6420
Resistance should appear near 1.6550
and 1.6720
December Canadian Dollar
Support should appear near 7342
to 7328
Resistance is at 7414 to 7428
December Aussie Dollar
Support should appear near 6741
and 6707.
Resistance should appear near 6809 to 6836.
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 9156 to 9140 and 9060 to 9044
December SP500
Recommended Open position Short at 1016.20
Resistance should appear near 1002.10 to 1003.70 and 1005
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 1304 and the 1274 to 1268 region
December
10 Year T-Note
Resistance should appear near 114-22 then 115-07 and 115-22
Support is at 114-07
then 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
Resistance is at 386.7 and 390.9 to 392.9
December
Copper
Recommended Open position Short at 8200
Support should appear near 8135 to 8120
and 7955 to 7940
Resistance should appear near 8195 to
8225 and 8300 to
8315
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
Support should appear near 2883 to
2874 and 2829 to 2820
Resistance is at 2928 to 2937 and
2972 to 2990
November Unleaded
Gas
Resistance should appear near 8115 to 8135
and 8300 to 8315
Support should appear near 7955 to 7940
and 7865 to 7835
November
Heating Oil
Recommended open Position Long 2 at 7230
Resistance is
at 7940 to 7955 and 8025 to 8045.
Support should appear near 7775 to 7765 and 7690 to 7675
The Lively Livestock
Traders should cancel all remaining open orders in October Cattle
December
Live Cattle
Recommended open Position
Short at 8297
Support should
appear near 8407 to 8392 and 8317 to 8302
Resistance is at 8502 and 8562 to 8592
December Lean Hogs
Support is at 5347 and 5282 to 5257.
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 8587 to 8557 and 8502 to 8482
Resistance is
at 8667 to 8682 and 8762 to 8777
The
Grande’ Grains
November Soybeans
Resistance is at 680 3/4 to 683 3/4 and 690 3/4 to 691 3/4
Support should appear at 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 203.4 to 204.2 and 208.0 to
208.8
December Soybean Oil
Resistance should
appear near 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 221 3/4 to 222 3/4
Support is at 218 1/2 to 217
December CBOT Wheat
Recommended open Position Long at 353
Support should appear near 356
1/4 to 355 1/4 and
the 350
1/4 to 349 1/4 region
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 6775
Support should appear near 6755 to 6740 and 6670 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
Tuesday September 30th
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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