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 October 9th
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 October 8th, 2003
3:30
PM Eastern time
December Yen
Support should appear near 9100 and 9060 9044
Resistance should appear near 9140 to 9156 and 9235
, Beyond that sellers should appear near
9316 to 9347..
BW Traders can sell at 9312 and hold for lower prices.. initially
risk a close over 9455 for three day in a row….
December Euro
Currency (EC)
Recommended Open position Long at
11678
Support should appear at 11755
to 11730
then 11690 to 11665 and 11640
Resistance is at 11805 , a close over
augurs for a test of the 11920 to 12030 region .
December Swiss Franc
Resistance should appear
near 7675 to 7690
Support should
appear near 7601 to 7587 and 7547
December British Pound
Recommended Open position Long at
16573
Support should appear near
1.6550 then1.6484 and 1.6420
BW Traders can buy at 1.6486 and risk a close under 1.6412 for three days in a
row..
Resistance should appear near 1.6638
and 1.6720
December Canadian Dollar
Recommended Open position Long at 7492
Support should appear near 7428 to 7414
Resistance is at
7486 to 7513
December Aussie Dollar
Recommended Open position Long at
6794
Support should appear
near 6836 to 6809
Resistance should appear at the 6906 to
6919 region
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear
near 9641 and the 9707 to 9737
region… Above that sellers should appear near 9821 to 9837
Support should appear near 9542 to 9526 a close under augurs for a test of 9445 to 9429
December SP500
Recommended Open position Short at 1016.20
Resistance should appear near the 1036.00 region, beyond that sellers should appear
near 1047.00 then 1058.00 to 1068.00
Support should appear near 1032.00 and 1018.50
Nasdaq Composite
Resistance should appear near 1902 to 1909 and 1946 to 1953
Support should appear near 1865 to 1858
December Mini
Nasdaq 100
Resistance is at 1415 to 1421 and 1453 to 1459 ..
Support is at 1383 to 1377 and 1346 to 1334
December
10 Year T-Note
Resistance should
appear near 112-22 and 113-07.
Support is at 112-09
The
Precious Metals
December Gold
Recommended Open position Long at 388.30
Support should appear at 374.3 to 373 then 368.20 to 366.20 and the 362.3 to 361.3 region.
BW Traders can buy at 362.7 and risk a close under 354.90 for three days
in a row..
Resistance is at 379.5 to 380.6
December
Copper
Recommended Open position Short at 8200
Support should appear near
8495 to 8485 and 8405 to 8390
Resistance should appear near 8560 to 8590
and 8660 to 8685
BW Traders can sell at 8555 and risk a close over 8785 for three days in a row.
.
December Silver
Support should appear 485.5 to 484.5 and 478.5 to 477
Resistance is at 491.5 to 492.5 and 497.5 to 499.5
The
Exciting Energies
November
Crude Oil
Support should appear near
2972 region.. Below that buyers should appear near
2937 to 2928.. BW Traders can buy at 2941 and risk a close under 2869 for
three days in a row..
Resistance is at 3036 to 3045 and 3092 to 3102
November Unleaded
Gas
Recommended open Position Long at 8325
Resistance should appear near
8300 to 8315 and 8390 to 8405
Support should
appear near 8225 to 8195 and the 8135 to 8115 region.
BW Traders should go long if a close over 8595 occurs..
November
Heating Oil
Recommended open Position Long at 8135
Resistance is
at 8190 to 8225 and 8300 to 8315
Support should appear near 8045 to 8030 and the 7955 to 7940 region
BW Traders should go long
if a close over 8230 occurs
The
Lively Livestock
December
Live Cattle
Resistance should
appear near
9317 to 9347
Support is at 9060
to 9042
December Lean Hogs
Recommended open Position
Short 2 at 5560 avg
Support is at 5732 to 5717 and 5652 to 5637
Resistance is at 5852 to 5882 and 5942 to 5957
February Pork
Bellies
Recommended open Position Short
2 at 8697 avg
Support should appear near 8687 to 8662
Resistance is
at 9137 to 9157 and 9237
The
Grande’ Grains
November Soybeans
Recommended open Position Short 690 1/4
Resistance is at 680 3/4 to 683 3/4 and 690 3/4 to 691
3/4. Beyond that resistance should appear near 699 to 700 1/2
and the 707 to 708
region..
Support
should
appear at 675 ½ to 674 ¼ , a close under augurs for a test of 667 ¾ to 665 ¾
and the 559 ½ to 657 ¾ region , which should contain a decline. BW
Traders can buy at
651 ¼
for a bounce and hold for higher prices.
Below that buyers should appear near
651 ¾ to 648 and the 643 to 641 ¾ region..
BW Traders should go short if a close under 673 ¼ occurs..
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 the 208.0 to 208.8 region..
December Soybean Oil
Resistance should appear near 2511 to 2519 and 2552 to 2568 region..
Support should appear near 2469 to 2461 and 2419 to 2411
December Corn
Recommended open Position Long at
221 1/2
Resistance should appear near 226 3/4 to 227
Support is at 218 1/2 to 217
BW Traders should go long if a close over 227 1/4 occurs.
December CBOT Wheat
Recommended open Position Long 2 at 348 3/4 avg
Support should appear near 315 3/4 to
314 3/4 .
Resistance is at 331 3/4 to 332 3/4
The Satisfying Softs
December the
‘Monster’ Coffee
Recommended open Position Long at
6475
Support is near 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 6335 to 6350 and 6415 to 6430
BW Traders should go long if a close over 6595
occurs.
December Cocoa
Support is at 1453
and 1421 to 1415, which should hold..
Resistance should appear near 1484 to 1496
March Sugar
Support should appear near 601 and 586 to 583
Resistance should appear near 621 and 630 to 634
December
Cotton
Recommended open Position Short 6830
Support should appear near 6920 to 6905 and 6835 to 6805
Resistance should appear near 6990 to 7005 and the 7070 to 7090
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
Wed October 8th 2003
4:35 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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