Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds
- Dow Jones - Nasdaq - SP500
Precious Metals - Energy - Livestock -
Grains - Softs
FuturesCom
Investment Publications
Morning Comments, Wednesday October 29th
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
Tuesday October 28th, 2003
2:00 PM Eastern time
The
‘Frenzied’ Forex Front
December Yen
Recommended Open position Short at 9088
Support should appear near 9156 to 9140
Resistance should appear near the 9316 to 9347
region
December Euro
Currency (EC)
Support should appear at 11665 to 11640 and 11605
Resistance is at
11690 and 11755
December Swiss
Franc
Resistance should appear near 7587
to 7601 and the 7675 to 7689 region..
Support should appear near 7513 to 7486
December
British Pound
Support should appear near 1.6890 and 1.6720.
Resistance should appear near 1.6960 and
171.3
December Canadian Dollar
Support should appear near 7601
to 7586
Resistance is at
the 7675 to 7689
December Aussie Dollar
Support should appear near 7002
to 6990
Resistance should appear at 7074 to
7088
The
Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear
near 9706 to 9737 and 9829 to 9837
Support should appear near 9641 to 9625 and 9542 to 9526
December SP500
Resistance should appear near 1047.00 and 1058.00 to 1063.00
Support should appear near 1036
to 1032 and 1018.50
Nasdaq Composite
Resistance should appear near 1927 and 1946 to 1953
Support should appear near 1909 to 1902
December Mini
Nasdaq 100
Resistance is at 1415 to 1421 and 1437
Support is at 1383 to 1377
December
10 Year T-Note
Resistance should
appear near 113-22 and 114-07
Support is
at 113-07 and 112-23
Precious
Metals
December Gold
Support should appear at 380.6 to 379.5
Resistance is at 385.8 to 386.7 and 390.9 to 392.5
December
Copper
Support should appear near 8965 to 8935 and 8870 to 8855
Resistance should
appear near 9140 to 9155 and 9235
December Silver
Support should appear 506.5 to 505.5 and 492.5 to 491.5
Resistance is at 512.5 to 514 and 520 to 521.5
The
Exciting Energies
December
Crude Oil
Recommended Open position Long at 2941
Support should appear at 2937 to 2928
and 2883 to 2874
Resistance is at
2972 to 2990 and 3036 to 3045
December Unleaded
Gas
Resistance
should appear near 8195 to 8225 and 8300 to
8315
Support should appear near 8045
to 8035 and the 7865 to 7836 region.. which should stop a
decline.
.BW traders can buy at 7870 and hold for higher prices
December
Heating Oil
Resistance is
at 8115 to 8135 and 8300 to 8315
Support should appear near 7955 to 7940 and 7865 to 7835
The
Lively Livestock
February
Live Cattle
Resistance should
appear near
8487 to 8502 and 8562 to 8592
Support is at
8407 to 8392 and 8352
December Lean Hogs
Support
is at 5142 to 5127 and 5067 to 5057
Resistance is at 5192 to 5212 and 5257 to 5282
February Pork Bellies
Support
should appear near 8317 to 8297and 8222 to 8197
Resistance is
at 8407 and 8487 to 8502
January Soybeans
Resistance is at 794 1/2 to 794 1/2 and
803 1/2 to 804 1/2
Support should appear at 777 3/4 to 776 1/2 and 768 3/4 to 767 1/2
December
Soymeal
Resistance should appear near 251.1 to 251.9 and 261.2 to 263
Support should appear near 246.9 to 246.1 and 237 to 235.4
December Soybean Oil
Resistance should appear near 2716 to 2724
Support should appear near 2672 to 2663 and 2620 to 2612
December Corn
Resistance should appear near 241 1/4 to 241 3/4 and 246 1/4 to 246
3/4
Support is at 237 to 235 1/2 and 232 1/4 to 231 1/2
December CBOT Wheat
Recommended Open position Long at 369 1/4
Resistance
should appear near 379
1/2 to 380 3/4
Support is at 374 1/4 to 373 3/4 an 368 1/4 to 366 1/4
The
Satisfying Softs
December the ‘Monster’ Coffee
Support is 6430 to 6415 and 6350 to 6335
Resistance should appear near 6485 to 6510 and 6655 to 6670
December Cocoa
Support is at 1383 to 1377
Resistance should appear near 1415 to 1421 and 1453 to 1459
March Sugar
Support should appear near 609 to 601
Resistance should appear near 630 to 634.
December Cotton
Support should appear near 8135 to 8115 and 8040 to 8025
Resistance should appear near 8300 to 8315 and
8390 to 8405
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
Tuesday October 28th, 2003
3:00 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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