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 31st
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 30th, 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 9237 and the 9316 to 9347
region
December Euro
Currency (EC)
Support should appear at 11570 and 11500
Resistance is at
11640 to 11665 and 11690
December Swiss
Franc
Resistance should appear near 7550
and 7587
to 7601.
Support should appear near 7486 and 7428 to 7414
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 7586
and 7513 to 7486
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 1058.00 to 1063.00 and 1068
Support should appear near 1047.00
and 1036
to 1032
Nasdaq Composite
Resistance should appear near 1967 and 1982 to 1996
Support should appear near 1953 to 1946 and 1927.5
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 112-07 and 112-23
Support is
at 111-22 and 111-07
Precious
Metals
December Gold
Support should appear at 380.6 to 379.5 and 374.3 to 373
Resistance is at 385.8 to 386.7 and 390.9 to 392.9
December
Copper
Support should appear near 9235 and 9155 to 9140
Resistance should
appear near 9525 to 9540
December Silver
Support should appear 512 and 499.5 to 497.
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
2775 to 2758
Resistance is at
2874 to 2883
December Unleaded
Gas
Resistance
should appear near 7605 to 7585 and 7515 to 7485
Support should appear near 7940
to 7955 and 8035 to 8045
December
Heating Oil
Recommended Open position Long at 7870
Resistance is
at 7835 to 7865
Support should appear near 7690 to 7675
The
Lively Livestock
February
Live Cattle
Resistance should
appear near
8587 and 8667 to 8687
Support is at
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 8762 to 8777 and 8857 to 8872
January Soybeans
Resistance is at 802 3/4 to 804 1/2 and
811 3/4 to 813 1/2
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 255.2 to 256.8 and 261.2 to 263
Support should appear near 251.9 to 251.1 and 246.9 to 246.1
December Soybean Oil
Resistance should appear near 2663 to 2672 and 2716 to 2724
Support should appear near 2620 to 2612 and 2568 to 2552
December Corn
Resistance should appear near 251 1/4 to 251 3/4 and 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 373
to 374 1/4
Support is at 368 1/4 to 366 1/4 and 362 1/4 to 361 1/4
The
Satisfying Softs
December the ‘Monster’ Coffee
Support is 5955 to 5945 and 5880 to
5855
Resistance should appear near 6025 to 6035 and 6105 to 6115
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 7865 to 7835 and 7775 to 7765
Resistance should appear near 8035 to 8045 and 8115
to 8135
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 30th, 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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