FuturesCom
Investment Publications
Morning Comments Friday, December 12th 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, December 11th, 2003
3:00
PM Eastern time
The
‘Frenzied’ Forex Front
Recommended Open Position Short at 9264
Support
should appear near the 9237 and 9156 to 9140
Resistance should appear near 9316 to
9347.
March Euro Currency (EC)
Support should appear at 12175 and 12102
Resistance is at 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 7939 to 7954
BW Traders can sell at 8027 for a turn lower , risk
a close over 8137 for three days in a row.
Support
should appear near 7864 to 7836 and 7777 to 7763
*BW Traders should go Short if a close under 7831 occurs.
March
British Pound
Support should appear near 1.7120 and the 1.6960 to 16890 .region.
Resistance should appear near 7380 and 1.7560.
March Canadian Dollar
Recommended Open Position Short at 7560
Support should
appear near the 7513 to 7487 region
Resistance is at the 7587 to 7601
March Aussie Dollar
Support should appear near 7255
to 7242 and 7170
to 7143 .
Resistance should appear at 7328 to 7342
and 7414 to 7428
* BW traders should go
short if a close under 7238 occurs
The Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should appear
near 10,021 to 10,037 and 10,104 to 10,136
Support should appear near 9937 to 9921 and 9837 to 9821
March SP500
Recommended Open Position Long at 1059.50
Resistance
should appear near 1082.00 and the 1096 to 1102
region
Support should appear near 1068.00 to 1063.00 and 1058.00
Nasdaq Composite
Resistance should appear near
1982.00 to 1996.00
Support should appear near .1946.00 and 1927.5
December Mini
Nasdaq 100
Resistance is at 1437.00 and 1453.00 to 1459.00
Support is at 1421.00 to 1415.00 and 1399.00
March 10 Year T-Note
Resistance should
appear near 112-07 and 112-23
Support is at 111-23 and 111-07
Precious
Metals
February Gold
Support should appear at 405.6 to 404.6 and 399.2 to 398.2
Resistance is at 411
to 412 and 416.3 to 418.3
March Copper
Recommended Open Position Long at 9790
Support should appear near 9735
to 9705 and 9640 to 9625
Resistance should appear near
the 9820 to 9835 and 9920 to
9935.
March Silver
Support
should appear 557.5 to 555.5 and 550.5 to 549.5
Resistance is at 564.o to 565.5 and 571.5 to 573
Stay tuned for updates..
The Exciting Energies
Jan
Crude Oil
Recommended Open Position Long at 3210
Support should appear near 3157 to 3148
Resistance is
at 3194 to 3213
Jan Unleaded
Gas
Resistance should appear near 8765 to
8770 and 9045 to
9060
Support should appear near 8590 to 8560 and 8505 to 8485
Jan Heating Oil
Resistance should appear 8935 to 8965
and 9045 to 9060
Support should appear near 8775 to
8765 and 8685 to 8665 .
The
Lively Livestock
February
Live Cattle
Resistance should
appear near
8932 to 8967
Support is at 8872 to 8857
February Lean Hogs
Support is at the 5282 to 5257
and 5212 to 5197.
Resistance is at 5347 to 5357 and
5417 to 5432
February Pork
Bellies
Recommended Open Position Short at
8600
Support should appear near 8562 and the 8502 to 8482
region.
Resistance is
at 8667 to 8682 and 8762 to 8777..
--Traders
should stay tuned for livestock Updates and Flashes-
The
Grande’ Grains
January Soybeans
Support
is at 760 1/4 to 758 3/4
Resistance should appear 776 1/4 to 777 3/4 .
Jan
Soymeal
Support should appear near 227.5 to 226.7 .. below
that buyers should appear near 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 331.9 to 332.8 and 235.4 to 237.0
Jan Soybean Oil
Resistance
should appear near 2820 to 2829 and 2874 to 2883
Support should appear near 2775 to 2758 and 2724 to 2716
March Corn
Recommended Open Position Long 252
1/4
Resistance should appear near 251 1/4 to 251 3/4 and 255 1/4 to 256 3/4
Support is at 246 3/4 to 246 1/2
March CBOT Wheat
Recommended Open Position Long 2 at 401 1/4 avg
Resistance should appear near
390 3/4 to 392 3/4
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
Recommended Open Position Long at 6645
Support
is near 6430 to 6415 and 6350 to 6335
Resistance should appear near the 6485
to 6510 and 6575 to 6590.
March Cocoa
Support
is at 1655 to 1642
Resistance should appear near 1689 to 1696 .
March Sugar
Support
should appear near 661 to 656
Resistance should appear near 682 to 686
March
Cotton
Support should appear near 6920 to 6905 and 6835 to 6810
Resistance should appear near 7075
to 7090 and
7140 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
Thursday December 11th, 2003
3:45 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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