FuturesCom
Investment Publications
Morning Comments, Tuesday November 18th
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
Monday November 17th, 2003
1:30 PM
Eastern time
The
‘Frenzied’ Forex Front
Support should appear near the 9156 to 9140 region
a close under augurs for a test of 9060 to
9044
Resistance should appear near 9237 then 9316 to 9347 and 9420 to 9445
BW Traders can sell at 9427
and risk a close over 9547 for three days in a row.....BW Traders should go
short if a close under 9136 occurs
December Euro Currency (EC)
Recommended open position Short 2 at 11567 avg
Support should appear at 11747 and 11690 to 11640
Resistance is at 11805 then 11862 and the 11920
to 12010 region
December Swiss
Franc
Resistance should appear near 7586
to 7601 and 7675 to 7689
Support should
appear near 7513 to 7486
BW Traders should go short if a close under 7482 occurs
December British Pound
Support should appear near 1.6890 and 1.6722
Resistance should appear near 1.6960 and
1.7135
December Canadian Dollar
Support should appear near 7601
to 7587 and the 7513 to 7486 region
Resistance is at the 7675 to 7689
December Aussie Dollar
Support should appear near 7088
to 7074 and 7002 to 6990 ... Below
that 6919 to 6906 should hold ..
BW Traders can buy at 6922 for a bounce and hold for higher prices
Risk a close under 6804 for three days in a row.
Resistance should appear at 7143 to 7170 and the 7242 to 7255 region..
The
Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear
near 9707 to 9737 and 9821 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 and 1068.00.
Support should appear near 1036 to 1032 and 1018.50, which should contain
a decline for a bit..
BW Traders should go long if a close over 1052.70 occurs
Nasdaq Composite
Resistance should appear near
1902 to 1909
Support should appear near 1865 to 1858
December Mini
Nasdaq 100
Resistance is at 1383 and 1415
to 1421
Support is at 1348 to 1334 Below
that buyers should appear near the 1310 to 1304 region..
December
10 Year T-Note
Resistance should
appear near 113-22 and 114-07
Support is
at 113-07 and 112-23
Precious
Metals
February Gold
Support should appear at 390
90 then 386.7 to 385.8 and
the 380.60 to 379.50
region..
BW Traders can buy at 380.80 and risk a close under 373.20 for three days in a
row.
Resistance is at 392.9 then 398.20
to 399.20 and the 404.6 to 406.6 region
March
Copper
Recommended open position Long at 9355
Support should appear near 9155
to 9140..and the 9060 to 9045 region
Resistance should appear near
9315 to 9335 and 9430 to 9445.
BW Traders should go long if a close over 9645 occurs.
March Silver
Recommended open position Long at 522.5
Support should appear 521.5 to 520 and
514 to 512.5
Resistance is at 534.5 to 535.5
The Exciting Energies
Jan
Crude Oil
Support should appear near
the 3102 to 3092 region. Below that buyers should step in near 3045 to 3036.
BW Traders can buy at 3107 and risk a close under 3029 for three days in a row..
Resistance is at 3148 to 3157 and 3194 to 3213
Jan Unleaded
Gas
Resistance should appear near 8760 to
8775 then 8855 to 8870 and the 9045 to 9060 region..
Support should
appear near 8685 to 8660 and the 8590 to 8560 region. Below that buyers should
appear near 8405 to 8390..
BW Traders can buy at 8415 and risk a close under 8270 for three days in
a row
Jan Heating Oil
Resistance should appear
near 8855 to 8870 and 8935 to 8965
Support should
appear near the 8590 to 8560 region. Below that buyers should appear near
8405 to 8390.
BW Traders can buy at 8510 and risk a close under 8280 for three days in
a row
The
Lively Livestock
February
Live Cattle
Resistance should
appear near
8967 and 9042 to 9062
Support is
December Lean Hogs
Support is at 4997 to 4972 and 4927 to 4917
Resistance is at 5057 to 5067 and 5127 to 5142
February Lean Hogs
Support is at 5577 to 5552 and
the 5507 to 5492 region.
Resistance is at 5717 to 5732 and the 5792 to 5807
region.. Which should cap a rally for a bit.BW Traders can
sell at 5787 and risk a close over 5887 for three days in a row
BW Traders should go short if a
close under 5607 occurs.
February Pork
Bellies
Recommended open position Short at 8510
Support should appear near 8682 to 8667, a close under augurs for a
test of 8592 to 8562.
Resistance is
at 8777 and 8857 to 8862 .. BW Traders can sell at 8857 for a turn
lower … Beyond that sellers should appear near
8932 to 8967 and the 9042 to
9062 region. BW Traders can sell at 9037 and hold for lower prices..
BW Traders should go short if a close under 8657 occurs
The
Grande’ Grains
January Soybeans
Resistance is at 783 3/4
to 786 1/2 and the
793 3/4 to 795 3/4 region
Support should appear at 777 3/4 to 776 1/4 and 768 3/4 to 767 1/2
BW Traders who have ‘ice running thru their veins’ should go long if a close
over 787 3/4 occurs.
Jan
Soymeal
Support should appear near 237 to 235.4 and 232.2 to 231.5
Resistance should appear near 241.1 to 241.9 and
246.1 to 246.9
Jan Soybean Oil
Resistance should appear near 2758
to 2775 and the 2820 to 2829 region.
Support should appear near 2724 to 2716 and 2672 to 2663
March Corn
Resistance should appear near 251 1/4 to 251 3/4
and the 255 1/2 to 256 3/4 region
Support is at 237 to 235 and the 232 1/4 to 231 1/2 region BW traders
can buy at 232 1/4 and
risk a close under 226 1/4 for three days in row.....BW Traders should go
long if a close over 252 1/4
occurs..
March CBOT Wheat
Resistance should appear near
416 1/4 to 418 1/4 and the 423 3/4 to 424 3/4 region
Support is at 412 to 411 and 405 3/4 to 404 3/4,
Aggressive BW Traders should go long if a
close over 418 3/4 occurs..
The
Satisfying Softs
March the ‘Monster’ Coffee
Support is near 6115 to 6105 and the 5955 to 5945 region
Resistance should appear near 6255 to 6270 and 6335 to 6350.
March Cocoa
Support is at 1535 to 1528..
Below that buyers should appear near 1496 to 1484.. Bw Traders can buy at 1497
and risk a close under 1447 for three days in a row.
Resistance should appear near 1569 to 1576 and 1609
to 1615.
BW Traders should go long if a close over 1617 occurs.
March Sugar
Support should appear near 630 and 601 to 609 . BW Traders can buy at 621
and risk a close under 601 for three days in a row.
Resistance should appear near 656 to 661 region..
BW Traders should go long if a close over 662
occurs
March
Cotton
Support
should appear near 7780 to 7760
and the 7515 to 7485 region.
Resistance should appear near 7940
to 7955 and the 8025 to 8045 region.
Aggressive BW traders should go long if a close over 7970 occurs
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
Monday November 17th, 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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