FuturesCom
Investment Publications
Morning Comments, Tuesday November 25th
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 24th, 2003
2:30 PM Eastern time
The
‘Frenzied’ Forex Front
Recommended open position Short at 9155
Support should appear near 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 11747 and the 11690 to 11640 region
Resistance is at 11805 and 11867
December Swiss
Franc
Resistance should appear near 7587
to 7601
Support should
appear near 7513 to 7486
December British Pound
Support should appear near 1.6890 and 1.6720
Resistance should appear near 1.6960
and 17112
December Canadian Dollar
Resistance should appear near
7601 to 7587 and 7637
Support is at 7550 and 7513
December Aussie Dollar
Support should appear near
7143 and 7088 to 7074
Resistance should appear at 7207 and the 7242 to 7255 region..
The
Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear
near 9821 to 9837
Support should appear near the 9737 to 9706 and 9641 to 9625.
December SP500
Resistance
should appear near the 1058.00 to 1063.00 region
Support should appear near 1047 and 1036.00 to 1032.00 ..
Nasdaq Composite
Resistance should appear near
1946 to 1953 and 1982 to 1996
Support should appear near 1909 to 1902 and 1865 to 1858.
December Mini
Nasdaq 100
Resistance is at 1415
to 1421 and 1453 to 1459
Support is at 13483 to 1377 and 1346 to 1334 .
December
10 Year T-Note
Resistance should
appear near 113-23 and 114-07
Support is
at 113-07 and 112-23
Precious
Metals
February Gold
Support should appear at
390
90 and 386.7 to 385.8
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 9060 to 9045 and 8965 to 8935
Resistance should appear near 9140 to 9155
and 9235
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
2937 to 2928 and 2883 to 2874
Resistance is at 3036 to 3045 and 3092 to 3102
Jan Unleaded
Gas
Support should appear near 8225 to
8195 and 8045 to 8025
Resistance should appear near 8300 to 8315 and 8390 to 8405
Jan Heating Oil
Resistance should appear
near 8300 to 8315 and 8485 to 8505
Support should appear near 8135 to 8115 and 7955 to 7940
The
Lively Livestock
February
Live Cattle
Resistance should
appear near
9157 and 9235
Support is
December Lean Hogs
Resistance is at 4972 to 4997 and 5057 to 5067
Support is at 4922 to 4917 and 4857 to 4842
February Lean Hogs
Support is at 5342.and 5282 to 5257 ..
below that buyers should appear near 5212 to 5197
Resistance is at 5417 to 5432 and 5492 to 5507
February Pork
Bellies
Recommended open position Short 2 at 8552 avg
Support should appear near 8407 to 8392 and 8317 to 8297
Resistance is at 8487 to 8502 and 8557 to 8587
The
Grande’ Grains
January Soybeans
Resistance is at 748 3/4 to 751 1/4
and 758 3/4 to 760
1/2
Support should appear at 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 222.6 to 221.9 and 218.5 to 217
BW Traders can buy at 223.1 and risk a close under 211.9 for three
days in a row.
Resistance should appear near 226.7 to 227.5 and 231.5 to 232.2
Jan Soybean Oil
Resistance should appear near 2663
to 2672 and 2716
to 2724
Support should appear near 2612 and 2568 to 2552
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
390 3/4 to 392 3/4 and 398 1/4 to 399 1/4
Support is at 386 3/4 to 385 3/4 and 380 3/4 to 379 1/2
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 1459 to
1453
Resistance should appear near 1484 to 1496
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 6920 to 6905 and 6835
to 6810 .
Resistance should appear near 7075 to
7085 and 7145 to 7170.
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 24th 2003
3:30 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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