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 October 14th
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 October 13th, 2003
4:00 PM 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 11665 and
11640. Below that an eventual test of 11500 is likely.
Aggressive BW Traders can buy at 11500 for a bounce and initially risk a close
under 11459 for three days in a row. ..
below that buyers should step near
11360 to 11320 then 11225 and the 11010 to 10960 region.. which should contain
any decline for some time.. .. BW Traders can buy at 11367 and hold for higher
prices..
Resistance is at 11755 then 11805 and
11920 to 12030
December Swiss Franc
Resistance should appear
near 7587 to 7601 and 7634
Support should
appear near 7547 and the 7513 to 7486 region.
December British Pound
Support should appear near
1.6550 then 1.6484 and 1.6420
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 9821 to 9837
Support should appear near 9737 to 9706
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 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 112-07 and 111-23
The
Precious Metals
December Gold
Support should appear at 374.3 to 373 the 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 2 at 8380 avg
Support should appear near
8685 to 8665 and 8590 to 8560
Resistance should appear near 8935 to
8965 and 9045 to 9060
December Silver
Support should appear 494.5 to 492.5 and 485.5 to 484.5
Resistance is at 497.5 to 499.5 and
505.5 to 506.5
The
Exciting Energies
November
Crude Oil
Support should appear near 3157
to 3145
Resistance is at 3194 to 3213 and 3261 to 3270
November Unleaded
Gas
Resistance should appear near
8855 to 8870 and 9045 to 9060
Support should
appear near 8680 to 8665 and 8405 to 8390
November
Heating Oil
Resistance is
at 8766 to 8770 and 8855 to 8870
Support should appear near 8685 to 8665 and
8495 to 8485
The
Lively Livestock
December
Live Cattle
We have Suspended our Live Cattle coverage until it trades again.
December Lean Hogs
Recommended open Position
Short 2 at 5560 avg
Support is at 5955 to 5940.
Resistance is at 6102 to 6112 and 6162 to 6192
February Pork
Bellies
Recommended open Position Short
2 at 8697 avg
Support should appear near 9062 to 9042 and 8967 to 8932
Resistance is
at 9317 to 9347 and 9392 to 9407
The
Grande’ Grains
November Soybeans
Recommended open Position Short 690 1/4
Resistance is at 732 1/2 to 734 1/4 and 741
1/4 to 742 1/4 .
Support
should
appear at 717 to 714 and 708 to 707
December Soymeal
Recommended open Position Short 203.1
Support should appear near 213.4 to 212.6 and 204.2 to 203.4
Resistance should appear near 217 to 218.5
and 221.9 to 222.6
December Soybean Oil
Resistance should appear near 2672 and 2716 to 2724.
Support should appear near 2620 to 2612 and 2568 to 2552
December Corn
Resistance
should appear near 218 1/2 and 221 3/4 to 222 3/4
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 332 3/4 to
331 3/4 and 321 1/4 to
319 1/2
Resistance is at 342 1/2 to 344 1/2
The Satisfying Softs
December the
‘Monster’ Coffee
Recommended open Position Long 2 at
6300 avg
Support is near 6035 to 6025 and
5955 to 5940
Resistance should appear near 6165 to 6190
December Cocoa
Support is at 1484 and 1459 to 1453
Resistance should appear near 1529 to 1535
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 7090 to 7075 and 7005 to 6990
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
Monday
October 13th 2003
5:00 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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