FuturesCom
Investment Publications
Morning Comments Tuesday, December 2nd 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 Dec 1st, 2003
3:00 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. BW Traders
can sell at 9232 and hold for lower price.. Beyond that sellers should appear
near 9316 to 9347 and the 9420 to 9445 region.
BW Traders should go short if a close under 9136 occurs
December Euro
Currency
Recommended Open Position Short 2 at
11923
March Euro Currency (EC)
Support should appear at 11920 and 11867, an extended close under augurs for
a test of 11805..
Below that support should appear near 11747 and 11690 to 11640..
Resistance is at 11975 to 12030
region. Beyond that Sellers should appear near 121.75 and the
12320 to 12380 region.. Traders can sell at 1.2312 and risk a close over 12392
for three days in a row.
BW Traders should go short if a close under 11918 occurs
March Swiss
Franc
Resistance should appear near 7763
to 7777 and the 7836 to 7864 region..
Support
should appear near 7689 to
7675 and 7601 to 7587
BW Traders should go short if a close under 7723 occurs
March
British Pound
Support should appear near 1.6960 to 16890
region. Below that support
should appear near 1.6720.
BW Traders can buy at 1.6720 for a bounce and risk 100 pts..
Resistance should appear near 1.7135 and the 17310 to 1.7380 region.
Aggressive BW Traders can go long if a close over 1.7138 occurs..
March Canadian Dollar
Recommended open position Short at 7638
Support should
appear near 7601 to 7587 and the 7513 to 7486 region.
Resistance is at the 7675 to 7689 and 7763 to 7777.
March Aussie Dollar
Support should appear near 7170
to 7143, a close under augurs for a test of
7088 to 7074 and the 7002 to 6990 region.
Resistance should appear at 7242 to 7255..
Aggressive BW traders should go
short if a close under 7139 occurs
The Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should appear
near 9921 to 9937..Beyond that sellers should appear near 10,021 to 10,037
Support should appear near 9837 to 9821 then 9737 to 9707 and 9641 to 9625.
December SP500
Recommended open position Long at 1069.20
Resistance
should appear near 1075.00, a close over is friendly and augurs for a test of 1082.00 Beyond that sellers should
appear near 1096.00 to 1101.00
Support should appear near 1063.00 to 1058.00 then1047.00 and 1036.00 to 1032.00, a
close under is negative augurs for a test of 1018.50, which should contain a
decline for a bit.. BW Traders can buy at 1052.70 for a bounce and risk a
close under 1046.30 for three days in row
Nasdaq Composite
Resistance should appear near 1996
and 2034 to 2042
Support should appear near 1982 then 1953 to 1946
and the 1909 to 1902 region..
December Mini
Nasdaq 100
Resistance is at 1453 to 1459 and 1484 to 1496..
Support is at 1421 to 1415 then 1383 to 1377
March 10 Year T-Note
Resistance should
appear near 110-23 and 111-07
Support is at 110-07.. Below that
buyers should appear near 109-22 and 109-07..
Precious
Metals
February Gold
Support should appear at 399.2 to 398.2 and 392.9 to 390 90
Resistance is at 404.6 to 406.6 ,
which should cap a rally for a bit.. Beyond that sellers should appear near 411
to 412
March Copper
Recommended open position long at 9600
Support should appear near
9540 to 9525 and 9445 to 9439
Resistance should appear near
the 9705 to 9735 and 9920 to
9935.
March Silver
Recommended open position long at 548
Support should appear 543 to 541 and 535.5 to 534.5.
Resistance is at 549.5 to 550.5 and 564 to 565.5
Stay tuned for updates..
The Exciting Energies
Jan
Crude Oil
Support should appear near
2990 to 2972 and 2937 to 2928, under that support should appear near the 2883
to 2874 region.
Resistance is at 3036 to 3045 and 3092 to 3102
Jan Unleaded
Gas
Resistance should appear near 8300 to
8315 then 8390 to 8405 and 8484 to 8505
Support should
appear near 8225 to 8195 and 8045 to 8025, below that 7865 to 7835 should hold..
BW Traders can buy at 7870 and risk a close under 7755 for three
days in a row
Jan Heating Oil
Resistance should appear
8390 to 8405 then 8485 to 8505 and 8560
to 8590
Support should appear near 8315
to 8300 , below that buyers should appear near 8135 to 8120 and the 7955
to 7940 region..
BW Traders can buy at 7965 and risk a close under 7825 for three days in a row.
BW Traders should Go long if a close over 8685 occurs..
The
Lively Livestock
February
Live Cattle
Resistance should
appear near
9427 to 9447 and 9487
Support is at 9347 to 9317
and 9237
February Lean Hogs
Support is at the 5507 to 5492
and the 5357 to 5337 region. A close under augurs for an eventual test of 5212
to 5197.. Failure there indicates a trade towards
5142 to 5127 and eventually the 5067 to 5057 region.. Below hat buyers
should appear near 4927 to 4917.
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 5492 occurs.
February Pork
Bellies
Recommended Open Position Short 3 at
8655
Support should appear near 8777 to 8762 and 8682 to 8667, a close
under augurs for a test of 8592 to
8562 .
Resistance is
at 8937 to 8967 .. Beyond that sellers should appear near the 9042 to 9062
region. BW Traders can sell at 9037 and hold for lower prices.. Beyond
that resistance is at 9142 to 9157
BW Traders should go short
if a close under 8657 occurs
--Traders
should stay tuned for livestock Updates and Flashes --
The
Grande’ Grains
January Soybeans
Recommended open position long at 761 1/4
Resistance is at 767 1/2 to 768
3/4., a close over is friendly and augurs for a test of
776 1/4 to 777 3/4
Support should appear at 760 1/4 to 758 3/4 and 751 1/4 to 748 3/4
a.. Below that buyers should appear near 742 3/4 to 741 1/2
BW Traders can buy at 743 1/2 and
risk a close under 732 3/4 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, a close over is friendly and augurs for a test of 235.4 to 237.0 and the 241.1 to 241.9 region.
BW Traders should go long if a close over 232.7 occurs
Jan Soybean Oil
Recommended open position long at 2759
Resistance should appear near 2777 and the 2820 to 2829 region.
Support should appear near 2724 to 2716 and 2672 to 2663
BW Traders can buy at 2699 and risk a close under 2658 for three
days in a row.
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 246 3/4 to 246 1/2 and 241 3/4 to 241 1/4
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 405 3/4 to 404 3/4 and 399 1/4 to 398
1/4 .. Below that buyers should appear near the
392 3/4 to 390 3/4 region. BW
Traders can buy at 399 3/4 and hold for higher prices. Risk a close under 390
1/4 for three days in a row.
Aggressive BW Traders should go long if a close over 412 3/4 occurs..
The Satisfying
Softs
March the ‘Monster’ Coffee
Recommended open position long at 6240
Support is near 6190 to 6165 and 6115 to 6100
Resistance should appear near the 6255
to 6270 region.. Beyond that sellers
should appear near 6335 to 6350 and 6415 to 6430 ..
March Cocoa
Recommended open position long at 1552
Support is at 1535 to 1529 and
1496 to 1484
Resistance should appear near 1569 to 1576 and 1609
to 1615
March Sugar
Support should appear near 609 to 601 and 582 to 586.BW Traders can buy at
621 and risk a close under 601 for three days in a row… Below that buyers
should appear near 562 to 559 and the 538 to 534 region…
Resistance should appear near 630 to 634 and the 656 to 661 region.
BW Traders should go long if a close over 637 occurs
March
Cotton
Support should appear near 7255
to 7240 and 7170 to 7140
Resistance should appear near
7485 to 7515 and 7765 to 7780 .. A close over is friendly and
augurs for a test of 8115 to 8135 ..
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 December 1st, 2003
4:30 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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