FuturesCom
Investment Publications
Morning Comments, Monday November 24th
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
Sunday November 23rd, 2003
4:00 AM Eastern time
The
‘Frenzied’ Forex Front
Recommended open position Short at 9155
Support should appear near 9156 to 9140 and 9060 to
9044
Resistance should appear near 9237 and 9316 to 9347
December Euro Currency (EC)
Recommended open position Short 4 at 11747 avg
Support should appear at 11867 and 11805
Resistance is at 11920 and 11975 to
12030
December Swiss
Franc
Recommended open position Short at 7653
Resistance should appear near 7726
and 7763
to 7777
Support should
appear near 7689 to 7675 and 7601 to 7587
December British Pound
Support should appear near 1.6960 to 1.6890
Resistance should appear near 17112
and 17310 to 17380
December Canadian Dollar
Recommended open position Short at 7632
Support should appear near 7601
to 7587
Resistance is at 7675 to 7689 and 7763 to 7777
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 9641 and 9707 to 9737
Support should appear near the 9542 to 9526.
December SP500
Recommended open position Long at 1041.10
Resistance
should appear near 1047.00 and the 1058.00 to 1063.00 region
Support should appear near 1032.00 and 1018.50, which should contain
a decline for a bit..
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 1383 and 1415
to 1421
Support is at 1346 to 1334 .
December
10 Year T-Note
Resistance should
appear near 114-07 and 114-22
Support is
at 113-21 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 8965 to 8935 and 8870 to 8855
Resistance should appear near 9045 to 9060
and the 9140 to 9155 region
BW Traders should go long if a close over 9645 occurs.
March Silver
Support
should appear 521.5 to 520 and 514.0 to 512.5
Resistance is at 534.4 to 535.5 and 549.5 to 550.5
The Exciting Energies
Jan
Crude Oil
Support should appear near 3157 to 3148
and 3102 to 3092
Resistance is at 3194 to 3213 and 3261 to 3270
Jan Unleaded
Gas
Resistance should appear near 8855 to
8870 and 8935 to 8965
Support should appear near 8680 to 8665 and 8590 to 8560
Jan Heating Oil
Resistance should appear
near 8935 to 8965
Support should appear near 8755 and 8590 to 8560
The
Lively Livestock
February
Live Cattle
Resistance should
appear near
9142 to 9157
Support is
December Lean Hogs
Resistance is at 4997 then 5057 to 5067 and 5127 to 5137
Support is at 4922 to 4917 and 4857 to 4842
February Lean Hogs
Support is at 5357
to 5342.. below that buyers should appear at 5282 to 5257
Resistance is at 5417 to 5432 and 5492 to 5507 ,
beyond that sellers
should appear near 5552 to 5577
February Pork
Bellies
Recommended open position Short 2 at 8552 avg
Support should appear near 8592 to 8562 and the 8502 to 8487 region.. Under that a test of 8407 to 8392 is
likely.
Resistance is
at 8667 to 8682 then 8762 to 8777 and 8857 to 8862 .. BW Traders can sell at 8857 for a turn
lower …
The
Grande’ Grains
January Soybeans
Resistance is at 760
1/2 and 767 1/2 to 768 3/4 .. beyond that
sellers should appear near 776 1/4 to 777 3/4
Support should appear at 751 1/4 to 748 3/4 then 734 1/2 to 732 1/4 and the 725 1/2 to 724 3/4 region.,
Which
should contain the decline for a bit... BW
Traders can buy at 734 ½ and
risk a close under 713 ¾ for three
days in a row
Jan
Soymeal
Support should appear near 227.5 to 226.7 and the 222.6 to 221.9 region.
BW Traders can buy at 223.1 and risk a close under 211.9 for three
days in a row.
Resistance should appear near 231.5 to 232.2 and 235.4 to 237
Jan Soybean Oil
Resistance should appear near 2716
to 2724 and 2758 to 2775
Support should appear near 2672 to 2663 and 2620 to 2612
March 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 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.....
March CBOT Wheat
Recommended open position Long at 393 1/4
Resistance should appear near
398 1/4 to 399 1/4 and
the 404 3/4 to 405 3/4 region
Support is at 392 3.4 to 390 3/4 and 386 3/4 to 385 3/4
The
Satisfying Softs
March the ‘Monster’ Coffee
Support is near 5955 to 5945 and 5880 to 5855
Resistance should appear near 6025 to 6035 and 6105 to 6115 .
March Cocoa
Recommended open position Long at 1497
Support is at 1484.and 1459 to
1453
Resistance should appear near 1529 to 1535 .
BW Traders should go long if a close over 1617 occurs.
March Sugar
Recommended open position Long at 621
Support should appear near 601 to 609.
Resistance should appear near 630 to 634 ..
BW Traders should go long if a close over 662
occurs
March
Cotton
Recommended open position Long at 7355
Support
should appear near 7255 to 7240 and 7170
to 7145 .
Resistance should appear near 7325 to
7340 and 7415 to 7430 .
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
Sunday November 23rd, 2003
5:00 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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