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 21st
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 20th, 2003
2:15 PM Eastern time
The
‘Frenzied’ Forex Front
December Yen
Recommended Open position Short at 9088
Support should appear near 9060 to 9044, a close under augurs for a test
of 8964 to 8934 and the 8871 to 8857 region.
Resistance should appear near 9140 to 9156 and 9237Beyond that sellers should
appear near 9316 to 9347
BW Traders should go Short if a close under 9136 occurs
December Euro
Currency (EC)
Support should appear at 11605 then 11500 and 11430. BW Traders can
buy at 11434 and
hold for higher prices..
Resistance is at
11665 to 11690 and 11755.
BW Traders should go long if a close over
11697 occurs.
December Swiss
Franc
Resistance should appear near the
7586 to 7601 region..
Support should appear near 7513 to 7487 and 7428 to 7414
BW Traders should go long if a
close over 7608 occurs
December
British Pound
Support should appear near 1.6638 and 1.6550 to 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 1.6710 , a close over is friendly and augurs
for a test of the 1.6890 to 1.6960
BW Traders should go long if a close over 1.6727 occurs
December Canadian Dollar
Support should appear near 7513
to 7486 and 7342 to 7328 .. BW Traders can buy at 7346
and risk a close
under 7228 for three days in a row..
Resistance is at
the 7586 to 7601 and 7675 to 7689, a close over augurs for a test of 7763
to 7777
BW Traders should go long if a close over 7613 occurs
December Aussie Dollar
Support should appear near 6836
to 6809 and 6755 to 6741 BW Traders
can buy at
6843 for a bounce and hold for higher prices .
Resistance should appear at 6906
to 6919, a close over augurs for a test of 6990 to 7003
BW Traders should go long if a close over 6926 occurs.
The
Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear
near 9779, beyond that sellers should appear near 9821 to 9837
Support should appear near 9707 , an extended slip under augurs for a test of 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 to 1032 , a close under is
negative augurs for a test of 1013.60
to 1010.40 Below that buyers should appear near 1005.00 and 1003.70 to 1002.10.
BW Traders should go short if a close under 1031.70 occurs
Nasdaq Composite
Resistance should appear near 1946 to 1953 and the 1982 to 1996 region.
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
December
10 Year T-Note
Resistance should
appear near 111-23 and 112-07
Support is
at 111-07 and 110-22
Precious
Metals
December Gold
Support should appear at 374.3 to 373.0 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.. a close over 380.6 is friendly
and augurs for a test of 385.8 to 386.7
BW Traders should on a close over
374.8
December
Copper
Recommended Open position Short at 8555
Support should appear near 9060 to 9045 and 8965 to 8935
Resistance should
appear near 9140 to 9155 and 9235
December Silver
Support should appear 497.5 and 485.5 to 484.5
BW Traders can buy at 486.5 and risk a close under 475.5 for three days in a
row.
Resistance is at 505.5 to 506.5
and the 512.5 to 514.00 region.
The
Exciting Energies
December
Crude Oil
Support should appear at
3036 then 2990 to 2972 and 2937 to 2928. BW Traders can buy at 2941 and risk a close under 2869 for three days in a
row..
Resistance is at
3092 to 3102 and 3148 to 3157
BW Traders should go long if a close over 3115 occurs
December Unleaded
Gas
Recommended open Position Long at
8135
Resistance should appear near 8300 to
8315 and the 8390 to 8405 region.
Support should appear near
8225 to 8190 and the 8135 to 8115 region
BW Traders should go long if a close over 8410 occurs
December
Heating Oil
Recommended open Position Long at 8230
Resistance is
at 8390 to 8405 and 8560 to 8590 …
Support should appear near 8315 to 8300 then 8225 to 8190 and 8135 to 8115
BW Traders should go long
if a close over 8415 occurs
The
Lively Livestock
February
Live Cattle
Recommended open Position
Short at 8297
Resistance should
appear near
8302 to 8317 and 8392 to 8407
Support is at
8222 to 8192
December Lean Hogs
Recommended open Position Short 2 at
5697 avg
Support is at 5732 to 5717 and 5637
to 5652 and the 5577 to 5552 region
Resistance is at 5792 to 5807 and 5857 to 5882
February Pork Bellies
Recommended open Position Short 2 at
8697 avg
Support should appear near 8502 to 8482 and the 8407 to 8392 region .
Resistance is
at 8667 to 8682 and 8762 to 8777
January Soybeans
Resistance is at 732 3/4
to 734 1/2 and the 748 3/4
to 751 1/4 region
Support should appear at 725 3/4 to 724 1/4, a close under augurs for a test 717 to 714 1/4
BW Traders should go Short if a close under 723 3/4 occurs
November Soybeans
Recommended open Position Short 690 3/4
December
Soymeal
Recommended open Position Short 203.1
Support should appear near 218.5 to 217 and 213.4 to 212.6.
Resistance should appear near 222.6 and the 226.7 to 227.5 region.
December Soybean Oil
Resistance should appear near 2663 to 2672 and the 2716 o 2724 region
Support should appear near 2620 to 2612 and 2568 to 2552
December Corn
Resistance should appear near 217 to 218 1/2
Support is at 213 1/2 to 212 3/4 and
208 3/4 to 208
December CBOT Wheat
Recommended open Position Long 344 3/4
Support should appear near
331 3/4 and 327 to 326 1/4
Resistance is at 337 3/4 to 338 3/4 and 342 1/2 to 344 1/4 .
The
Satisfying Softs
December the ‘Monster’ Coffee
Recommended open Position Long 2 at
6300 avg
Support is near 6120 to 6105 and 6030 to 6020
Resistance should appear near the 6165 to 6190 region… a close over is
friendly and augurs for a test of 6335 to 6350
December Cocoa
Support is at 1383 to 1377 and 1346
to 1334
Resistance should appear near 1415 to 1421 and 1453 to 1459
March Sugar
Support should appear near 586 to 583
Resistance should appear near 609 and 630 to 634.
December Cotton
Support should appear near 7515 to 7485 and 7430 to 7415
Resistance should appear near 7585 to 7605
and the 7675 to 7690
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 21 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.
-----------------------------------------------------------------------------------------
FuturesCom Investment Publications Copyright@1996-2003 all rights reserved