FuturesCom
Investment Publications
Morning Comments, Wed November 19th
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
Tuesday November 18th, 2003
6:00 PM Eastern time
The
‘Frenzied’ Forex Front
Support should appear near 9237 and the 9156 to 9140 region
a close under augurs for a test of 9060 to
9044
Resistance should appear near 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 9232 occurs
December Euro Currency (EC)
Recommended open position Short 4 at 11747 avg
Support should appear at 11920 and 11805
Resistance is at 11975 to
12030
December Swiss
Franc
Recommended open Position Short at 7715
Resistance should appear near 7763
to 7777
Support should
appear near 7689 to 7675
BW Traders should go short if a close under 7671 occurs
December British Pound
Support should appear near 1.6960 to 1.6890
Resistance should appear near 17112
and 17310 to 17380
December Canadian Dollar
Support should appear near 7675
and 7601
to 7587
Resistance is at 7726 and 7763
December Aussie Dollar
Support should appear near 7170
to 7143
Resistance should appear at the 7242 to 7255 region..
The
Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear
near 9625 to 9641
Support should appear near the 9542 to 9526.
December SP500
Resistance
should appear near 1036 and 1058.00 to 1068.00
Support should appear near 1032 and 1018.50, which should contain
a decline for a bit..
BW Traders should go long if a close over 1036.30
Nasdaq Composite
Resistance should appear near
1902 to 1909
Support should appear near 1865 to 1858 and the 1822 to
1808 region..
December Mini
Nasdaq 100
Resistance is at 1377 to 1383
Support is at 1346 to 1334 .
December
10 Year T-Note
Resistance should
appear near 114-07 and 114-22
Support is
at 113-22 and 113-07
Precious
Metals
February Gold
Support should appear at 392.90 to 390
90
Resistance is at 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 9355 to
9315 and 9155
to 9140.
Resistance should appear near
9430 to 9445 and 9525 to 9540
BW Traders should go long if a close over 9645 occurs.
March Silver
Support
should appear 535.5 to 534
Resistance is at 549.5 to 550.5
The Exciting Energies
Jan
Crude Oil
Support should appear near
3213 to 3194
Resistance is at 3319 to 3328
Jan Unleaded
Gas
Resistance should appear near 9315 to
9345 and 9707 to 9735.
Support should appear near 8870 to 8855 and 8770 to 8855
Jan Heating Oil
Resistance should appear
near 9140 to 9155 and 9525 to 9545
Support should appear near 8965 to 8935 and 8875 to 8855
The
Lively Livestock
February
Live Cattle
Resistance should
appear near
9142 to 9157 and 9237
Support is
December Lean Hogs
Support is at 5067 to 5057 and 4997 to 4972
Resistance is at 5127 to 5142
February Lean Hogs
Support is at 5652 to 5637 and 5577 to 5552
.
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 776 1/4 and 768 3/4 to 767 1/2 ..
below that buyers should appear near 751 1/4 to 748 3/4 and
734 1/2 to 732 1/4 ...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 2716
to 2724 and 2758
to 2775.
Support should appear near 2672 to 2663
March Corn
Resistance should appear near 246 1/4 to 246 3/4 and 251 1/4 to 251 3/4
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 399 1/4 to 398 1/4 and the 392 3/4 to 390 3/4region.. BW
traders can buy at 393n1/4 and risk a close under
377 3/4 for three days in a row. ...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 6270 and 6335 to 6350.
March Cocoa
Support is at 1496 to 1484 and
the 1459 to 1453 region. BW Traders can buy at 1497
and risk a close under 1447 for three days in a row.
Resistance should appear near 1528 to 1535 then 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 7515 to 7485 and
7345 to 7325 .. BW Traders can buy 7355 and hold for higher prices..
Resistance should appear near 7675 to
7690 and 7760 to 7775 .
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
Tuesday November 18th, 2003
6:45 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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