FuturesCom
Investment Publications
Morning Comments Wed, December 24th 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
Tuesday, December 23rd, 2003
5:00
PM Eastern time
The Frenzied Forex Front
March Yen
Support should appear near 9316 and 9237
Resistance should appear near 9347 and the 9420 to 9445 region.
March Euro Currency (EC)
Support
should appear at 12380 and 12320
Resistance is at 12425 and 1.2530
March Swiss
Franc
Resistance should appear near 8029 to 8044.
Support should appear near 7954 to 7939
March
British Pound
Support should appear near 1.7380 to 1.7310
Resistance should appear near 1.7740
to 1.7800.
March Canadian Dollar
Support should appear near 7513
to 7486.
Resistance is at the 7587 to 7601
March Aussie Dollar
Support should appear near 7255
to 7242
Resistance should appear at 7328 to 7342
The
Sensational Stock and Bond Markets
Dow Jones
Industrial Average
Resistance should appear
near 10360 and 10470
Support should appear near 10320 and 10185
March SP500
Recommended Open Position Long 2 at 1093.50
Resistance
should appear near 1096.00 to 1101.00 amd
1115.50
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 112-07 and 112-22
Support is at 111-23 and 111-07
Precious
Metals
February Gold
Support should appear at 405.6 to 404.6. .
Resistance is at 411 to 412 and 416.3 to
418.3
March Copper
Support should appear near 10135 to10105 and 10035 to 10020
Resistance should appear near
10185 and 10320 to 10360.
March Silver
Support should appear 571.5 and 565.5 to 564
Resistance is at 579 to 580.5
..
The
Exciting Energies
February
Crude Oil
Support should appear near 3213 to 3194
and 3157 to 3148
Resistance is at 3261 to
3270 and 3319 to
3328
February Unleaded
Gas
Resistance should appear near 9040 to
9060 and 9140 to 9155
Support should appear
near 8875 to 8855 and 8590 to 8560
February
Heating Oil
Resistance should appear
near 9235 and 9315 to 9345
Support should appear near 8965 to 8935 and 8685 to 8665
The
Lively Livestock
February
Live Cattle
Resistance should
appear near
9142 to 9157
Support is at 9047 and 8967 to 8937
February
Lean Hogs
Support is at 5282 to 5257 and 5212 to 5197
Resistance is 5342 to 5357 and 5417 to 5432
April Hogs
Support is at 5652 to 5637
and 5577 to 5552
Resistance is at 5717
to 5732
then
5792 to 5807 and 5852 to 5882 .
BW Traders can sell at 5852 and risk a close over 5962 for three days in a
row
February Pork
Bellies
Support should appear near 8562 and 8502 to 8482
Resistance is at 8667 to 8682
and 8762 to 8777
The Grande’ Grains
March Soybeans
Resistance
is at 748 3/4 to 751 1/4 and 758 3/4 to 760 1/4
Support should appear at 742 3/4 to 741 3/4 and 734 1/4 to 732 1/4
March
Soymeal
Support
should appear near 222.6 to 221.9 and 218.5 to
217
Resistance should appear near 226.7 to 227.5 and 231.5 to 232.20
March Soybean Oil
Resistance should appear near 2758 to 2775 and 2820 to 2829
Support should appear near 2724 to 2716.
. 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
Resistance
should appear near 246 1/4 to 246 3/4
Support is at 241 3/4 to 241 1/4
March CBOT Wheat
Resistance should appear near
373 1/4 to 374 1/4 and 379 1/2 to 380 3/4
Support should appear near 368 3/4 to 366 1/4 and 362 1/4 to 361
1/4
The
Satisfying Softs
March the ‘Monster’ Coffee
Support
is near 6350 to 6335 and
6270 to 6255
Resistance should appear near 6485 to 6510 and 6575 to 6590
BW Traders should go long if a close over 6595 occurs
March Cocoa
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 586 to 582 and the562 to 559 region
Resistance should appear near 601 to 609
March
Cotton
Support should
appear near 7005 to 6990 and 6920 to 6905
Resistance should appear near 7070
to 7090 and 7145
to 7170
A Ship in Harbor is Safe.. But that is not what ships
are built for –
Have
a Safe and Happy Holiday !
Bill wil@futurescom.com
1-866-409-3890
Tuesday December 23rd 2003
7:00 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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