Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds
- Dow Jones - Nasdaq - SP500
Precious Metals - Energy - Livestock -
Grains - Softs
FuturesCom
Investment Publications
Morning Comments, Thursday October 30th
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
Wed October 29th, 2003
1:45 PM Eastern time
The
‘Frenzied’ Forex Front
December Yen
Recommended Open position Short at 9088
Support should appear near 9237 and 9156 to 9140
Resistance should appear near the 9316 to 9347
region
December Euro
Currency (EC)
Support should appear at 11640 and 11570
Resistance is at
11690 and 11755
December Swiss
Franc
Resistance should appear near 7587
to 7601.
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 and 7550
Resistance is at
the 7675 to 7689
December Aussie Dollar
Support should appear near 7002
to 6990 and 6919 to 6906
Resistance should appear at 7074 to
7088
The
Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear
near 9821 to 9837 and 9921 to 9937
Support should appear near 9737 to 9706 and 9641 to 9625
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 1946 to 1953
Support should appear near 1909 to 1902
December Mini
Nasdaq 100
Resistance is at 1437 and 1453 to 1459
Support is at 1415 and 1383 to 1377
December
10 Year T-Note
Resistance should
appear near 112-23 then 113-07 and 113-22
Support is
at 112-07 and 111-22
Precious
Metals
December Gold
Support should appear at 386.7 to 385.8 and 380.6 to 379.5
Resistance is at 390.9 to 392.5 and 398.2 to 399.2
December
Copper
Support should appear near 9155 to 9140 and 8965 to 8935
Resistance should
appear near 9315 to 9345
December Silver
Support should appear 514 to 512 and 506.5 to 505.5
Resistance is at 520 to 521.5 and
525.5 to 528.5
The
Exciting Energies
December
Crude Oil
Recommended Open position Long at 2941
Support should appear at 2883 to 2874 and
2775 to 2758
Resistance is at
2928 to 2937
December Unleaded
Gas
Resistance
should appear near 8115 to 8135 and 8195 to 8225
Support should appear near 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 8025 to 8045
Support should appear near 7780 to 7765 and 7690 to 7675
The
Lively Livestock
February
Live Cattle
Resistance should
appear near
8667 to 8687 and 8762
Support is at
8587 to 8562 and 8502 to 8482
December Lean Hogs
Support
is at 5212 to 5197 and 5142 to 5127
Resistance is at 5282 and 5417 to 5432
February Pork Bellies
Support
should appear near 8582 to 8562 and 8502 to 8482
Resistance is at 8776 to 8777 and 8857 to 8872
January Soybeans
Resistance is at 819 1/2 to 822 1/4
Support should appear at 795 1/2 to 793 3/4 and 786 1/2 to 783 1/2
December
Soymeal
Resistance should appear near 261.2 to 263 and 266.3 to 267.2
Support should appear near 251.9 to 251.1 and 246.9 to 246.1
December Soybean Oil
Resistance should appear near 2716 to 2724 and 2758 to 2775
Support should appear near 2672 to 2663 and 2620 to 2612
December Corn
Resistance should appear near 255 1/4 to 256 3/4
Support is at 246 3/4 to 246 1/4 and 241 1/4 to 241 1/4
December CBOT Wheat
Recommended Open position Long at 369 1/4
Resistance
should appear near 379
1/2 to 380 3/4 and 392 3/4 to 393 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 6115 to 6105 then 5955 to 5945 and 5880 to
5855
Resistance should appear near 6195 to 6225 and 6335 to 6350
December Cocoa
Support is at 1421 to 1415 and 1383 to 1377
Resistance should appear near 1453 to 1459 and 1484 to 1496
March Sugar
Support should appear near 609 to 601
Resistance should appear near 630 to 634.
December Cotton
Support should appear near 8225 to 8195 then 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
Wed October 29th, 2003
2:45 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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