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 October 13th
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
Saturday October 11th, 2003
7:00
AM Eastern time
December Yen
Support should appear near 9156 to 9140 , a close under augurs for a test
of 9060 to 9044
and most likely the 8965 to 8934 region
Resistance should appear near 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)
Support should appear at 11690 to 11665 and 11640..
Resistance is at 11755 and 11805
December Swiss Franc
Resistance should appear
near 7634 and 7675 to 7690
Support should
appear near 7601 to 7587 and 7547
December British Pound
Support should appear near
1.6550 then 1.6484 and 1.6420
BWTraders 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
Support should appear near 7513
to 7486
Resistance is at
7587 to 7601
December Aussie Dollar
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 the
9707 to 9737
region. Above that sellers should appear near
9821 to 9837
Support should appear near 9641 to 9625
December SP500
Recommended Open position Short at 1016.20
Resistance should appear near 1047.00 and 1058.00 to 1068.00
Support should appear near 1036.00 to 1032.00
Nasdaq Composite
Resistance should appear near 1946 to 1953
Support should appear near 1909 to 1902 and 1865 to 1858,
December Mini
Nasdaq 100
Resistance is at 1415 to 1421, .beyond that sellers should appear near
1453 to 1459..
Support is at 1383 to 1377 and 1346 to 1334
The
Precious Metals
December Gold
Support should appear at 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 374.3 and
379.5 to 380.6
December
Copper
Recommended Open position Short 2 at 8380 avg
Support should appear near
8590 to 8560 and 8495 to 8485
Resistance should appear near 8660 to 8685
December Silver
Support should appear 485.5 to 484.5 and 478.5 to 477
Resistance is at 492.5 and 497.5 to 499.5
The
Exciting Energies
November
Crude Oil
Support should appear near 3157
to 3145
Resistance is at 3213 and 3261 to 3270
November Unleaded
Gas
Resistance should appear near
9045 to 9060 and 9140 to 9155
Support should
appear near 8775 to 8760 and 8680 to 8665
November
Heating Oil
Resistance is
at 8855 to 8870 and 8935 to 8965
Support should appear near 8685 to8665 and
8495 to 8485
The
Lively Livestock
December
Live Cattle
Resistance should
appear near
9317 to 9347.
Support is at 9157
to 9137
December Lean Hogs
Recommended open Position
Short 2 at 5560 avg
Support is at 5807 to 5792 and 5732 to 5717 .
Resistance is at 5855 to 5882 and 5937 to 5952
February Pork
Bellies
Recommended open Position Short
2 at 8697 avg
Support should appear near 8967 to 8932 and 8777 to 8762
Resistance is
at 9137 to 9157 and 9317 to 9347
The
Grande’ Grains
November Soybeans
Recommended open Position Short 690 1/4
Resistance is at 714 to 717 1/4 and 724 1/4
to 725 1/2 .
Support
should
appear at 708 to 707 and 700 1/2 to 699
December Soymeal
Recommended open Position Short 203.1
Support should appear near 208.8 to 208 and 204.2 to 203.4
Resistance should appear near 213.4
and 217 to 218.5
December Soybean Oil
Resistance should appear near 2612 to 2620 and 2663 to 2672..
Support should appear near 2568 to 2552
December Corn
Recommended open Position Long at
221 1/2
Resistance should appear near 217 to 218 1/2
Support is at 213 1/2 to 212 3/4
December CBOT Wheat
Recommended open Position Long 2 at 348 3/4 avg
Support should appear near 321 1/4 to
319 1/2 and 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 2 at
6300 avg
Support is near 6115 to
6105 and 6035 to 6025
Resistance should appear near 6255 to 6270 and 6335 to 6350
BW Traders should go long if a close over 6595
occurs.
December Cocoa
Support is at 1459 to 1453
and 1421 to 1415, which should hold..
Resistance should appear near 1484 to 1496
March Sugar
Support should appear near 586 to 583
Resistance should appear near 601 to 609
December
Cotton
Recommended open Position Short 6830
Support should appear near 7140 and 7090 to 7075
Resistance should appear near 7240 to 7255
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
Saturday October 11th 2003
8:00 AM .. 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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