FuturesCom
Investment Publications
Morning Comments Thursday, December 4th 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
Wed, Dec 3rd, 2003
1:30 PM Eastern time
The
‘Frenzied’ Forex Front
Recommended Open Position Short 9232
Support should appear near the 9156 to 9140 region,
Resistance should appear near 9237 and 9316 to 9347
BW Traders should go short if a close under 9136 occurs
March Euro Currency (EC)
Support should appear at 12030 and 11975
Resistance is at 12175 and the 12320 to 12380 region..
BW Traders can sell at 1.2312
and risk a close over 12392
for three days in a row.
March Swiss
Franc
Resistance should appear near the 7836 to 7864 region..
Support
should appear near 7777 to 7763
BW Traders should go short if a close under 7723 occurs
March
British Pound
Support
should appear near 1.6960 to 16890 ..
Resistance should appear near the 1.7130 and the 17310 to 1.7380 region.
March Canadian Dollar
Recommended open position Short at 7640
Support should
appear near 7601 to 7587
Resistance is at the 7675 to 7689 and 7763 to 7777.
March Aussie Dollar
Support should appear near 7255
to 7242 and 7170
to 7143 .
Resistance should appear at 7242 to 7255 and 7328 to 7342 , BW traders can sell at 7323 for a turn lower and risk a close over 7433 for three days in a row. ...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 1069.2
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 1068.00 to 1063.00 then 1058.00 and
1047.00
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
1982 to 1996 and 2034 to 2042
Support should appear near 1953 to 1946.
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 then 111-07 and 111-22
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 405.6
and 411
to 412
March Copper
Recommended open position long at 9600
Support should appear near
9640 to 9625 and 9540 to 9525
Resistance should appear near
the 9820 to 9835 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 555.5 to 557.5 and 564 to 565.5
Stay tuned for updates..
The Exciting Energies
Jan
Crude Oil
Support should appear near
3092 and 3045 to 3036
Resistance is
at 3148 to 3157 and 3194 to 3213
BW Traders should go long if a close over 3162 occurs
Jan Unleaded
Gas
Resistance should appear near 8505 then 8560 to 8590 and 8665 to 8680
Support should appear near 8405 to 8390 and 8315 to 8300
Jan Heating Oil
Resistance should appear
8760 to 8780 and 8935 to 8965
Support should appear near 8590 to
8560 and 8405 to 8390 .
BW Traders should Go long if a close over 8685 occurs..
The
Lively Livestock
February
Live Cattle
Resistance should
appear near
9347 and 9427 to 9447
Support is at 9237 and 9157
to 9137
February Lean Hogs
Recommended Open Position Short
5475
Support is at the 5432 to 5417
and 5357 to 5332.. below that buyers should appear near 5282 to 5257
Resistance is at 5492 to 5507 and 5552 to 5577.. Beyond
that sellers should appear near 5637 to 5652
February Pork
Bellies
Recommended Open Position Short 3 at
8655 avg
Support should appear near 8502 to 8482 and the 8407 to 8392
region.
Resistance is
at 8667 to 8682 and the 8762 to 8777 region.
--Traders
should stay tuned for livestock Updates and Flashes --
The
Grande’ Grains
January Soybeans
Resistance
is at 783 3/4 to 786 3/4 and 793 3/4 to 795 1/2
Support should appear at 777 3/4 to 776 1/2 and 768 3/4 to 767 1/2
Jan
Soymeal
Recommended Open Position Long at 232.8
Support should appear near 232.2 to 231.7 then 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 235.4 to 237.0 and the 241.1 to 241.9 region.
Jan Soybean Oil
Recommended open position long at 2759
Resistance should appear near 2820 to 2829 and 2874 to 2882.
Support should appear near 2775 to 2758 and 2724 to 2716
BW Traders can buy at 2699 and risk a close under 2658 for three
days in a row.
March Corn
Recommended Open Position Long 252
1/4
Resistance should appear near the 255 1/2 to 256 3/4 region..
Support is at 251 3/4 to 251 1/4 and 246 3/4 to 246 1/2
March CBOT Wheat
Recommended Open Position Long 2 at 407 1/4 avg
Resistance should appear near
416 1/4 to 418 1/4 and the 423 3/4 to 424 3/4 region
Support is at 412 to 411 and 405 3/4 to 404 3/4.. Below that buyers should appear near the 399 1/4 to 398 1/2 region.
The Satisfying
Softs
March the ‘Monster’ Coffee
Support
is near 6430 to 6415 and 6350 to 6335
Resistance should appear near the
6575 to 6590 and 6655 to 6670... Beyond that sellers
should appear
near 6810 to 6835 ..
March Cocoa
Support
is at 1569 and 1535 to 1529
Resistance should appear near 1609
to 1615 and 1642 to 1655
March Sugar
Recommended Open Position Long at 638
Support should appear near 634 to 630 and 622...BW Traders can buy at
621 and risk a close under 601 for three days in a row…
Resistance should appear near 661 and 682 to 686
March
Cotton
Support should appear near 7255
to 7240 and 7170 to 7145
Resistance should appear near
7415 to 7430 then 7485 to 7515
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
Wed December 3rd, 2003
2:30 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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