FuturesCom
Investment Publications
Morning Comments Friday, December 5th 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
Thursday, Dec 4th, 2003
2:00 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 9316 to 9347
BW Traders should go short if a close under 9136 occurs
March Euro Currency (EC)
Support should appear at 12030 then 11975 and 11920
Resistance is at 121.75 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.
BW Traders should go short if a close under 11918 occurs
March Swiss
Franc
Resistance should appear near 7836 to 7864
and 7939 to 7954
Support
should appear near 7777 to 7763 and the 7689 to 7675 region
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 7587 and the 7513 to 7487 region
Resistance is at the 7637 then 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 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 1068 and 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 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 and 1909 to 1902.
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 111-07 then 111-22 and 112-07
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 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
3102 to 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 8665 to 8680
and 8765 to 8775
Support should appear near 8590 to 8560 and 8405 to 8390
Jan Heating Oil
Recommended Open Position
Long at 8805
Resistance should appear 8935 to 8965
and 9045 to 9060
Support should appear near 8775 to
8760 then 8590 to
8560 and 8405 to 8390 .
.
The
Lively Livestock
February
Live Cattle
Resistance should
appear near
9237 and 9317 to 9347
Support is at 9157
to 9137 and 9062 to 9042
February Lean Hogs
Support is at the 5282 to 5257
and the 5212 to 5200 region
Resistance is at 5342 to 5357 and 5417 to 5432
February Pork
Bellies
Recommended Open Position Short 4 at
8642 avg
Support should appear near 8587 to 8562 and 8502 to 8482.
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 776 1/4 to 777 3/4 and 783 3/4 to 786 3/4
Support should appear at 768 3/4 to 767 1/2 and 760 1/4 to 758
3/4
Jan
Soymeal
Recommended Open Position Long at 232.8
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 237.0.
Jan Soybean Oil
Recommended open position long at 2759
Resistance should appear near 2758 to 2775 and 2820 to 2829
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
Recommended Open Position Long 252
1/4
Resistance should appear near 251 1/4 to 251 3/4 .
Support is at 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 4181/4 and 423 3/4 to 424 3/4
Support is at 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 6350 to 6335 and 6270 to 6255
Resistance should appear near the
6415 to 6430 and 6575 to 6590
near 6810 to 6835 ..
March Cocoa
Support
is at 1576 to 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 661 to 656
Resistance should appear near 682 to 686
March
Cotton
Support should appear near 7090 to 7075 and 7005
to 6990
Resistance should appear near
7140 to 7170 and 7240 to 7255
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
Thursday December 4th, 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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