FuturesCom
Investment Publications
Morning Comments, Friday November 14th
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 13th, 2003
3:30 PM Eastern time
The
‘Frenzied’ Forex Front
December Yen
Resistance should appear near 9316 to 9347
Support should appear near 9156 to 9140 , a close under
augurs for a trade to 9060 to 9044 and eventually the 8965 to
8934 region
Aggressive Traders Should go short if a close under 9137 occurs
December Euro
Currency (EC)
Recommended open position Short 2 at 11567 avg
Support
should appear at 11570 and 11530
Resistance is at
11640 to 11665 and 11690
December
Swiss Franc
Resistance
should appear near 7487
to 7513
Support should
appear near 7414 and 7378
December British Pound
Recommended open position Long at 1.5828
Support should appear near 1.6720 and the 1.6550 to 1.6420 region.
Resistance should appear near 16890
to 1.6960
December Canadian Dollar
Recommended open position Short 7637
Support should appear
near 7601 to 7587
Resistance should appear near
7689
and 7763 to 7777
December Aussie Dollar
Support should appear near the
7170 to 7143
Resistance should appear at 7242 to 7255
The
Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear
near 9921 to 9937 region
Support
should appear near 9837 to 9821 then 9737 to
9707 and 9641 to 9625
December SP500
Resistance
should appear near 1063 and 1068.00.. beyond that a test of 1082 is likely
Support should appear near 1052.50 then 1047 and 1036.00 to 1032.00
Stay tuned for BW SP500 Updates and Flashes…
Nasdaq Composite
Resistance should appear near the 1982 to 1996 .
Support should appear near 1953 to
1946
December Mini Nasdaq 100
Resistance is at 1453 to 1459
Support is at 1437 and 1421 to 1415
December
10 Year T-Note
Resistance should
appear near 112-23 and 113-07 .
Support is at 112-07 and 111-23
Precious
Metals
December Gold
Support should appear at 392.9 to
390.9 and 386.6 to 385.8
Resistance is at 398.2 to 399.2
and 404.6 to 405.6
December
Copper
Recommended open position long 9575
Support should appear near 9425 and 9345
to 9315
Resistance should appear near 9525 to 9545 and 9625 to 9640
December Silver
Support should appear at 541.5 to 543
Resistance is at 528.5 to 525.5 and 514 to
512.5
The
Exciting Energies
December
Crude Oil
Support should appear
near 3157 to 3145 and 3102 to 3092
Resistance is at 3194 to 3213 and 3261 to 3270
December Unleaded Gas
Resistance
should appear near 8765 to 8780 and 8855 to 8870
Support should appear near 8590 to 8565 and 8500 to 8485 .
December
Heating Oil
Resistance
is
at 8665 to 8680 and 8935 to 8965
Support should appear near 8500 to 8485 and 8405 to 8390
The
Lively Livestock
February
Live Cattle
Resistance should
appear near
9142 to 9157 and 9237
Support is at 9062 to
9042 and 8967 to
8937
December Lean Hogs
Support is at on 4997 to 4972 and 4932 to 4917
Resistance is at 5037 to 5067 and 5127 to 5142
February Lean Hogs
Support is at 5577 to 5552 and 5507 to
5492
Resistance is at 5717 to 5732 and 5792 to 5807
February Pork
Bellies
Recommended open position Short 8510
Support
should appear near 8682 to 8667 and 8502 to 8487
Resistance is
8857 to 8872 and 8932 to 8967
January Soybeans
Resistance is at 776 3/4 to 777 3/4 then 783 3/4 to 786 1/2 and 793 3/4 to 795 3/4
Support should appear at 768 3/4 to 767
1/2 and 760 1/4 to
758 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 2663 to 2672 and 2716 to 2724
Support should appear near 2620 to 2612 and 2568 to 2552
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
Support
should appear near 3991/2 to 398 1/4 and 392 3/4 to 390
Resistance is at 411 to 412 and 416 1/4 to 418
1/4
March CBOT Wheat
Support
should appear near 412 to 411 and 405 3/4 to 404
Resistance is at 418 1/4 and 423 1/2
to 425
The
Satisfying Softs
March Coffee
Support is near 6115 to 6105 and 6035 to 6025
Resistance should appear near the 6335 to 6350 and 6415 to
6430 region
March Cocoa
Support
is at 1535 to 1529 and 1496 to 1484
Resistance should appear near
1569 to 1576 and 1609 to 1615
March Sugar
Support should appear near 609 to 601 and 586 to 583
Resistance should appear near 634 and the 656 to 661 region.
March
Cotton
Support should appear near 7780 to 7765 and 7605 to 7585
Resistance should appear near 7835 to 7865 and 7940 to 7955
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 13th, 2003
4:35 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