Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds
- Dow Jones - Nasdaq - SP500
Precious Metals - Energy - Livestock -
Grains - Softs
FuturesCom
Investment Publications
Morning Comments, Friday October 3rd
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
Thursday October 2nd, 2003
2:00
PM Eastern time
December Yen
Support should appear near 8934 and the 8871 to 8856 region
Resistance should appear near the 9140 to 9156
region
December Euro Currency (EC)
Support
should appear at 11640 then 1605 to 11570 and 11500
Resistance is at 11690 and 11755
December Swiss Franc
Resistance
should appear near the 7675 to 7689
region
Support should
appear near 7601 to 7587 and 7513 to 7487
December
British Pound
Support
should appear near 1.6550 then 16484 and 1.6420
Resistance should appear near 1.6720
and 1.6890 to 1.6960
December Canadian Dollar
Support should appear near 7428
to 7414 and 7342
to 7328
Resistance is at 7486 to 7513
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 9526 to 9542 and 9706 to 9737
Support should appear near 9445 to 9429 and 9347 to 9316
December SP500
Recommended Open position Short at 1016.20
Resistance should appear near 1032.00 to 1036.00
Support should appear near 1018.50 and 1005.00 to
1000.00 .
Nasdaq Composite
Resistance should appear near 1858 to 1865.
Support should appear near 1822 to 1808
December Mini Nasdaq 100
Resistance is at 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 then 114-22 and 115-07
Support is at 113-23
then 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 385.8 to 386.7
December
Copper
Recommended Open position Short at 8200
Support should appear near
8300 and 8225 to 8190
Resistance should appear near 8390 to
8405 and 8485 to 8505
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 2937 to
2928 and 2883 to
2874
Resistance is at
2990 and 3036 to 3045
November Unleaded
Gas
Resistance should appear near 8300 to 8315
and 8390 to 8405
Support should appear near 8135 to 8115
and 8045 to 8025
November
Heating Oil
Recommended open Position Long 2 at 7230
Resistance is
at 8190 to 8225 and 8300 to 8315.
Support should appear near 8045 to 8025 and 7955 to 7940
The Lively Livestock
December
Live Cattle
Support should
appear near 8587 to 8562
Resistance is at 8667 to 8682 and 8762 to 8777
December Lean Hogs
Support is at 5432 to 5417 and 5357 to 5342.
Resistance is at 5492 to 5507 and
5552 to 5577
February Pork
Bellies
Recommended open Position Short
8737
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 699 to 700 1/4 then 707 1/2 to 708 and 714 1/4 to 717
Support should appear at 691 3/4 to 690 3/4 and 683 3/4 to 680 3/4.
December
Soymeal
Recommended open Position Short 203.1
Support should appear near 204.2 to 203.4 and 199.6 to 198.2
Resistance should appear near 208.0 to
208.8 and 212 .6 to 214.4
December Soybean Oil
Resistance should
appear near 2552 to 2568
Support should appear near 2519 to 2511
December Corn
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 6350 to 6335 then 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 645 to 6500 and 6575 to 6590
December Cocoa
Resistance is at 1569 to 1576 and 1609 to 1615
Support should appear near 1535 to 1529 and 1496 to 1484
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 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
Thursday October 2nd
2003
3:30 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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