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 November 7th
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 November 6th, 2003
2:00 PM Eastern time
The
‘Frenzied’ Forex Front
December Yen
Resistance should appear near 9140 to 9156 and 9235
Support should appear near 9060 to 9044 and 8965 to 8934
December Euro
Currency (EC)
Support
should appear at 11360 to
11320
Resistance is at 11430 and 11465
December
Swiss Franc
Resistance
should appear near
7328 to 7342 and 7414 to 7428
Support should
appear near the 7255 to 7243 region.. below that buyers should
appear near 7170 to 7143.. BW Traders can buy at 7257 for a bounce and risk a close under 7237
for three days in a row..
December British Pound
Support should appear near the 1.6550 to 1.6420 region.
Traders can buy at 1.6554 and risk a close under 1.6412 for three days in
a row..
Resistance should appear near 16890
to 1.6960 and 1.710 to 1.7380
December Canadian Dollar
Support should appear
near 7428 to 7414
Resistance is at
7486 to 7513
December Aussie Dollar
Support should appear near the
7003 to 6990
Resistance should appear at 7074 to 7088
The
Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear
near the 9921 to 9937 region
Support
should appear near 9837 to 9821 and 9737 to
9707
December SP500
Resistance
should appear near 1058 to 1063 and 1068.00
Support should appear near 1047 and 1036 to 1032
Stay tuned for BW SP500 Updates and Flashes…
Nasdaq Composite
Resistance should appear near the 1982 to 1996 region. Beyond that sellers
should appear near 2034 to 2042.
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 and 1399
December
10 Year T-Note
Resistance should
appear near 111-23 and 112-09 .
Support
is
at 111-07
Precious
Metals
December Gold
Support should appear at 379.5 and 374.30
to 373.40
Resistance is at 385.80
to 386.70
BW Traders should go long if a close over 387.10 occurs
December
Copper
Recommended open position long 9575
Support should appear near 9345
to 9315 and 9235
Resistance should appear near 9425 to m9445 and 9525 to 9540
December Silver
Support should appear the 485.5 to 484.5 region.
Resistance is at 497.5 to 499.5 and 505.5 to
506.5
BW Traders should go long if a close over 515.5 occurs
December
Crude Oil
Support should appear
near 2990 to 2972 and 2937 to 2928
Resistance is at 3036 to 3045 , a close over is friendly and augurs for a trade towards
3092 to 3102
December Unleaded Gas
Recommended Open Position
Long at 8250
Resistance should appear near 8300 to
8315 and 8485 to 8500
Support should appear near 8135 to 8115 and 8045 to 8025 .
December
Heating Oil
Recommended Open Position
Long at 8230
Resistance is
at 8300 to 8315 and 8390 to 8405
Support should appear near 8045 to 8025
The
Lively Livestock
February
Live Cattle
Resistance should
appear near
9235
Support is at 9062 to
9047
December Lean Hogs
Support is at 5282 to 5257, a close under augurs for a test of
5212 to 5197...
Resistance is at 5342 to 5357 and the 5417 to 5432 region.. BW
Traders can sell at for a turn lower 5487, hold for lower prices…
BW Traders should go short if a close under 5247 occurs.
February Pork
Bellies
Recommended Open Position Short at 8857
Support should appear near 8872 to 8857 and 8777 to 8762 .
Resistance is
at 8932 to 8967 and the 9042 to
9062 region.
BW Traders should
go short if a close under 8657 occurs
The
Grande’ Grains
January Soybeans
Resistance is at 776 1/4 to 777 3/4 and 802 1/2 to 804 1/2
Support should appear at 760 1/4 to 758 1/2 and
751 1/4 to 748 3/4
December
Soymeal
Support should appear near 241.9 to 241.1 and 237 to 235.4
Resistance should appear near 246.1 to 246.9 and 251.1 to 251.9
December Soybean Oil
Resistance should appear near 2552 to 2568
Support should appear near 2519 to 2511 and 2469 to 2461
December Corn
Recommended open position long 237 1/2
Resistance should appear near 235 1/2 to 237 and 241 1/4 to 241 3/4
Support is at 232 1/4 to 231 1/2 and 222 3/4 to 221 3/4
December CBOT Wheat
Recommended Open Position Long at 378
Support should appear near 374 1/4 to 373 1/2 and 368 1/4 to 366
1/4
Resistance is at 379 1/2 to 380 3/4 and 385
3/4 to 386 3/4
The
Satisfying Softs
December the ‘Monster’ Coffee
Support is near 5880 to 5855 and 5805 to 5790
Resistance should appear near the 6025 to 6035 and
6105 to 6115 region
BW Traders should go long if a close over 6055 occurs
December Cocoa
Recommended open position long at 1471
Support is at 1459 to 1453 and 1421 to 1415.
Resistance should appear near 1453 to 1459, a close
over is friendly and augurs for a test of 1484 to 1496
March Sugar
Support should appear near 586 to 583 and 562 to 559
Resistance should appear near 601 to 609 and 630 to 634
December
Cotton
Support should appear near 7515 to 7485 and 7430 to 7415.
Resistance should appear near 7675
to 7690 and 7765 to 7780
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 November 6th, 2003
3:15 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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