FuturesCom
Investment Publications
Morning Comments, Wed November 26th
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
Holiday Schedule:
CME:
WED
Equity Futures close normal .The rest close at noon cst
Globex will stay open till Equity Futures close.
Wed EVE:
Globex open for trade date 11-28 and halts thursday morn at 10:30 cst then
re-opens at 5:30 PM Thursday eve.
Friday :All mkts close at noon , equity and globex closes at 12:15
cst
Sunday Regular Globex Open
CBOT:
Wed : All mkts except Equity
Futures close at noon
Friday : Equity closes at 12:15 cst , the rest at noon
NYMEX:
Wed :Regular
trading
Friday Closed
Sunday Access opens at 7:00 PM
NYBOT:
Wed :
Regualr Trading
Friday Closed
Morning Comments
Tuesday November 25th, 2003
6:00 PM Eastern time
The
‘Frenzied’ Forex Front
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
Recommended open position Short 7598
Resistance should appear near 7587
to 7601 and 7637
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
7637 and 76775 to 7689
Support is at 7601 to 7587
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 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 1383 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 386.7 to 385.8
Resistance is at 398.20
to 399.20
March
Copper
Recommended open position Long at 9355
Support should appear near 8935 and 8780 to 8765
Resistance should appear near 9055
to 9060
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 9235
and 9317
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 5282 to 5257 and 5212 to 5197
Resistance is at 5342 to 5357 and 5417 to 5432
February Pork
Bellies
Recommended open position Short 2 at 8552 avg
Support should appear near 8587 to 8557 and 8407 to 8392
Resistance is at 8762 to 8777 and 8857.. BW Traders can sell at 8857 and hold for lower prices...
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.
Jan
Soymeal
Recommended Open Position Long at 223.1
Support should appear near 222.6 to 221.9 and 218.5 to 217
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 2620 to 2612 and 2568 to 2552
March Corn
Resistance should appear near 246 1/4 to 246 3/4
Support is at 241 3/4 to 241 1/4 and 237 to 235
March CBOT Wheat
Resistance should appear near 399 1/4 then
404 3/4 to 405 3/4 and 411 to 412
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 6035 and 6105 to 6115 .
March Cocoa
Recommended open position Long at 1497
Support is at 1421 to 1415 and
1383 to 1377
Resistance should appear near 1453 to 1459
March Sugar
Recommended open position Long at 621
Support should appear near 609 to 601.
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 6670 to 6655 and 6510
to 6485.
Resistance should appear near 6805 to
6835.
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 25th 2003
7:00 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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