FuturesCom
Investment Publications
Morning Comments Friday, December 19th 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 18th, 2003
2:00
PM Eastern time
The Frenzied Forex Front
March Yen
Recommended Open Position Short 2 at 9291 avg
Support should appear near 9316 and 9237 , a close under augurs for a test of 9156
to 9140
Resistance should appear near 9347 and the 9420 to 9445 region.
March Euro Currency (EC)
Recommended Open Position Short at 12312
Support should appear at 12380 to 12320 .
Resistance is at 12425 and 1.2530
March Swiss
Franc
Resistance should appear near 8029 to 8044 region.
Support should appear near 7954 to 7939
March
British Pound
Support should appear near 1.7380 to 1.7310
Resistance should appear near the 1.7740
to 1.7800 region.
March Canadian Dollar
Support should appear near 7428 to 7414.
Resistance is at the 7487 to 7513
March Aussie Dollar
Support should appear near 7328
and 7255
to 7242
Resistance should appear at 7342 and 7378
The
Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should appear
near 10320 to 10360
Support should appear near 10185 and 10137 to 10104
March SP500
Recommended Open Position Long 2 at 1074 avg
Resistance
should appear near 1096.00 to 1101.00.
Support should appear near 1082 and 1068 to 1958.00
Nasdaq Composite
Resistance should appear near
1982 to 1996.
Support should appear near 1953 to 1946.
March Mini
Nasdaq 100
Resistance is at 1453 to 1459
Support is at 1421
to 1415
March 10 Year T-Note
Resistance should
appear near 113-07 and 113-22
Support is at 112-23 and 112-07
Precious
Metals
February Gold
Support should appear at 411 and 405.6 to 404.6. .
Resistance is at 416.3 to
418.3 and 423.8 to 424.9
March Copper
Recommended Open Position Long at 1.0035
Support should appear near 9935 to 9920 and 9840 to 9820.
Resistance should appear near 10185
and the 10320 to 10360 region.
March Silver
Support should appear 573 to 571.5 and 565.5 to 564
Resistance is at 579 to 580.5 and 585.5 to 588
..
The
Exciting Energies
February
Crude Oil
Support should appear near
3328 to 3319 and 3270 to 3261
Resistance is at 3377 to 3386
and the 3425 to 3443 region
February Unleaded
Gas
Resistance should appear near 9525 to
9540 and 9705 to 9735
Support should appear
near 9345 to 9315 and 9155 to 9140 .
February
Heating Oil
Resistance should appear
near 9705 to 9735..Beyond that sellers should appear near 10020 to 10035.
Support should appear near 9445
to 9430 and 9345
to 9315
The
Lively Livestock
February
Live Cattle
Resistance should
appear near
8857 to 8872 and 8937
Support is at 8777 to
8762 and 8682 to 8667
February
Lean Hogs
Support is at 5142 to 5127 and 5067 to 5057
Resistance is 5197 to 5212 and 5257 to 5282
April Hogs
Support is at 5432 to 5417
and 5357 to 5337
Resistance is at 5492 to 5507 and 5552 to 5577.
February Pork
Bellies
Support should appear near 8562 then 8502 to 8482 and 8407 to 8392
Resistance is at 8667 to 8682
and 8762 to 8777
The Grande’ Grains
March Soybeans
Resistance
is at 767 1/2 to 768 3/4 and 776 3/4 to 777 3/4
Support should appear at 760 1/4 to 758 3/4 and 751 1/4 to 748 3/4
March
Soymeal
Support
should appear near 227.5 to 226.7 and the 222.6 to
221.9 region.
Resistance should appear near 231.5 to 232.2 and 235.4 to 237.0
March Soybean Oil
Resistance should appear near 2758 to 2775 and 2820 to 2829
Support should appear near 2724 to 2716 region .
Below that 2672 to 2663
should hold..
BW Traders can buy at 2677 and risk a close under 2658 for three days in a
row.
March Corn
Recommended Open Position Long at 253 3/4
Resistance should appear near 251 1/4 to 251 3/4
Support is at 246 3/4 to 246 1/4
March CBOT Wheat
Resistance should appear near
398 1/4 to 399 1/4 and 404 3/4 to 405 3/4
Support should appear near 392 3/4 to 390 3./4 and 386 3/4 to 385 3/4 ..
The
Satisfying Softs
March the ‘Monster’ Coffee
Recommended Open Position Long 6645
Support is near 6270 to 6255 then 6190 to 6165 and .the
6115 to 6105 region..
BW Traders can buy at
6120 and hold for higher prices.. risk a close under 5935 three days in a
row.. .
Resistance should appear near 6335 to 6350 and 6415 to 6430
BW Traders should go long if a close over 6595 occurs
March Cocoa
Support
is at 1576 to 1569 and
1535 to 1529.
Resistance should appear near 1609 to 1615 and 1689 to 1696
March Sugar
Recommended Open Position Long 665
Support should appear near 634 to 630 and
609 to 601
Resistance should appear near 656 to 661 and 686 to 686
BW Traders should go long if a close over 687 occurs
March
Cotton
Recommended Open Position Long 7055
Support should appear near 6920 to 6905 and 6835 to 6810 .
Resistance should appear near 6990
to 7005 and 7075 to 7090
A Ship in Harbor is Safe.. But that is not what ships
are built for –
Happy
Trading!
Bill wil@futurescom.com
1-866-409-3890
Thursday December 18th 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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