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 17th
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 16th, 2003
3:00 PM Eastern time
December Yen
Support should appear near 9060 to 9044.. a slip under augurs for a test
of the 8965 to 8934 region
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)
Support should appear at 11500 , below that 11360 to 11300 should hold,
Aggressive BW Traders can buy at 11500 for a bounce and initially risk a close
under 11459 for three days in a row..
Resistance is at 11605 then 11640 to 11665 and
11690
December Swiss Franc
Resistance should appear
near 7513 then 7549 and 7587 to 7601
Support should
appear near 7486 and the 7428 to 7414 region.
December British Pound
Support should appear near 1.6638
then 1.6550
and 1.6486
Resistance should appear near 1.6720 and 1.6805
December Canadian Dollar
Support should appear near 7550
and 7513
to 7486
Resistance is at
7587 to 7601
December Aussie Dollar
Support should appear
near 6836 to 6809 and 6755 to 6741
Resistance should appear at 6906 to
6919
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 1058.00 to 1068.00
Support should appear near 1047.00 , a close under augurs for a
test of 1036.00 to 1032.00
Nasdaq Composite
Resistance should appear near 1982 to 1996
Support should appear near 1946 and 1909 to 1902
December Mini
Nasdaq 100
Resistance is at 1453 to 1459
Support is at 1421 to 1415
December
10 Year T-Note
Resistance should
appear near 110-23 and 111-07
Support is at
110-07 and 109-23
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 373.0 to 374.3 and 379.5 to 380.6
December
Copper
Recommended Open position Short 2 at 8380 avg
Support should appear near
8870 to 8855 and 8775 to 8760
Resistance should appear near 8965
and 9040 to 9060
December Silver
Support should appear 485.5 to 484.5
Resistance is at 497.5 to 499.5
The
Exciting Energies
December
Crude Oil
Support should appear near 3157
to 3145 and 3102 to 3092
Resistance is at 3194 to 3213 and 3261 to 3270
November Unleaded
Gas
Resistance should appear near
8775 and 8855 to 8870
Support should
appear near 8680 to 8665 and 8405 to 8390
November
Heating Oil
Resistance is
at 8665 to 8685 and 8760 to 8770
Support should appear near 8590 to
8560 and
8495 to 8485
The
Lively Livestock
December
Live Cattle
Support 8872 to 8857 and 8777 to 8762
Resistance is at 8936 to 8967 and 9137 to 9157
December Lean Hogs
Recommended open Position
Short at 5632
Support is at 5807 to 5792 and 5732 to 5717
Resistance is at 5942 to 5957 and 6022 to 6037
February Pork
Bellies
Recommended open Position Short
2 at 8697 avg
Support should appear near 8682 to 8667 and 8592 to 8562
Resistance is
at 8932 to 8967 and 9037 to 9062
The
Grande’ Grains
November Soybeans
Recommended open Position Short 690 1/4
Resistance is at 732 3/4 to 734 1/4
and 748 3.4 to 751 3/4
Support
should
appear at 717 to 714 and 708 3/4 to 707 3/4
December Soymeal
Recommended open Position Short 203.1
Support should appear near 213.4 to 212.6
Resistance should appear near 221.9 to 222.6
December Soybean Oil
Resistance should appear near 2663 to 2672.
Support should appear near 2620 to 2612
December Corn
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 332 3/4 to
331 3/4 and 327 to 326 1/4
Resistance is at 342 1/2 to 344 1/2 and 349 1/4 to 350 1/4
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 6165 to 6190 and 6255 to 6270
December Cocoa
Support is at 1453
and 1421 to 1415
Resistance should appear near 1484 to 1496 and 1529 to 1535
March Sugar
Support should appear near 586 to 583
Resistance should appear near 601 to 609
December
Cotton
Resistance
should appear near 7415 to 7430 then 7585 to 7605 and 7760 to 7780
Support should appear near 7340 to 7325 and 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
Thursday
October 16th 2003
3:45 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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