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FuturesCom Investment Publications
Morning Comments  Tuesday Sept 14th,2004
 Serving Professional and Individual Traders World Wide since 1988
7690 Rockport Circle ,  Lake Worth ,  Florida 33467 -  USA and Canada Toll Free : 1-866-409-3890 -  Intl : 1- 561-433-2995  http://www.futurescom.com

Open BW Positions

                           The Frenzied Forex Front
Dec Yen
Recommended open position Short 3 at 9148 avg
Resistance should appear near  9237.and 9316 to 9347. 
Support should appear near 9156 to 9140 , an extended trade or close under augurs for an eventual test of the 9060 to 9044 region. 

,Dec Euro Currency (EC)
Recommended Open Position Short 12149
Support should appear at 12247 and 12175  
Resistance is at  the 12320 to 12380 region

Dec Swiss Franc
Recommended open Position Short at 7991
Resistance should appear near 7991 and the 8029 to 8044  region 
Support should appear near 7954 to 7939 and 7864 to 7836 
BW Traders should go short if a close under 7901 occurs

Dec British Pound
Support  should appear near 17800 to 17740   
Resistance should appear near 17962 and 18080 to 18220 

Dec Canadian Dollar
Recommended open Position Short 2 at 7686 avg
Support should appear near  7689 to 7675
Resistance is at 7763 to 7777 . Above that sellers should appear near 7836 to 7864.
 
Dec Aussie Dollar
Support should appear near 6836 to 6809 
Resistance should appear at  6909 to 6919 and 6990 to 7003 

                                      The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10320 to 10360 and 10470 
Support should appear near 10247 then 10185 and 10136 to 10104

September SP500

Dec SP500
Recommended open position Long  at 1123.90
Resistance should appear near  the 1130.00  to 1136.00 region.  
Support should appear near 1115.50 and 1101.00 to 1096.00 
 
Nasdaq Composite
Support should appear near 1865 to 1858 
Resistance should appear near  the 1902 to 1909 region.  

Dec Mini Nasdaq 100
Resistance is at 1421 and the 1453 to 1459 region
Support is at 1399 and 1383 to 1377 

December 10 Year T-Note
Resistance should appear near 112-22 and 113-07. 
Support is at 112-07 and 111-22

Precious Metals

December  Gold
Recommended Open Postion Short 2 at 401.2
Resistance should appear at 404.6 to 405.6 and 411 to 412
Support is at 399.3 to 398.2 and the 392.9 to 390.9 

December Copper
Recommended open Position Short at 12420
Support should appear near 12740 to 12680 and 12380 to 12320.   
Resistance should appear near 13030 to 13100. Beyond that sellers should appear near the 13340 to 13460 region. BW Traders can sell at 13020 for a turn lower and risk a close over 13510 for three days in a row.

Dec Silver
Recommended open Position Short at 678
Support should appear 611.5 to 610.5  and 603.5 to 602.5 
Resistance is at the 619.5 and 625.5 to 627.. beyond that sellers should appear near 633.5 to 637.0 . 

                             The Exciting Energies
Nov Crude Oil
Recommended open Postion Short at 4415 
Resistance  should appear near 4304 to 4315 then 4370 to 4381 and 4425 to 4446 
Support should appear near 4249 to 4238 then 4183 to 4163 and 4120 to 4110 

October Unleaded  Gas
Recommended open Postion short at 12305
Resistance should appear near 11920 to 12030 and 12320 to 12320 to 12380 
Support should appear near 11640 and 11360 to 11300

October Heating Oil
Resistance should appear near 11690 and 11920 to 12030.
Support should appear near 11500 and 11360 to 11300

                                                  The Lively Livestock

October Cattle
Recommended open Postion short at 8477
Support should appear near 8502 to 8482 and the 8407 to 8392 region. 
Resistance is at 8557 to 8587 and the 8667 to 8682 region 

October Hogs
Support is at 6592 to 6577 and 6512 to 6482  
Resistance is at 6657 to 6672 and 6742 to 6757 

February  Pork Bellies
Resistance should appear near 9427 to 9447 and 9522 to 9542.
Support  is at 9347 to 9317 below that a test of 9157 to 9142 is likely.

                                The Grande’ Grains

December Corn
Support should appear near 222 3/4 to 221 3/4 and the 218 1/2 to 217 region
Resistance  is at 226 3/4 to 227 1/2 and  231 1/2 to 232 1/4                                       

November Beans
Support is at 572 3/4 then 565 1/4 to 564 and 557 3/4 to 555 1/4   
Resistance is at 579 1/4 to 580 1/2 and 585 1/2 to 588 

December Soymeal
Recommended open Position Short  at 167.8
Support should appear near 165.5 to 164.2  and 161.5 to 160.9
Resistance should appear near  the 168.9 to 169.6 and 173.1 to 173.8 

December Soybean Oil
Recommended open Position Short at 2314
Resistance should appear near 2411 to 2419 and 2461 ton 2469 
Support should appear near 2322 to 2315 and 2275 to 2267

December CBOT Wheat
Recommended open Position Long at 333
Support should appear near 327 to 326 1/4 and 321 1/4 to 319 1/2
Resistance should appear near 337 3/4 to 338 3/4 and 342 1/2 to 344 1/4 


                             The Satisfying Softs

December  Coffee 
Recommended open Position Long 2  at 7530 avg
Support is near the 7340 to 7325 and 7175 to 7140. 
Resistance should appear near 7430 and 7485 to 7515  A close over is friendly and augurs for a test of  7675 to 7690. BW Traders should go long if a close over 7435 occurs.

December Cocoa 
Support is at 1453 and 1421 o 1415  
Resistance is at 1484 to 1496 and 1529 to 1535 .

March Sugar
Recommended open Position Short at 858
Support should appear near  767 to 763 region.   
Resistance should appear near 791 to 795 and 814 to 823

December Cotton
Support should appear near 5065 to 5055  and 4995 to 4970 
Resistance should appear near 5125 toi 5140 and 5255 to 5280

- 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  
Saturday Sept 11th  2004
12:05 PM South Florida Beach Time

THIS PUBLICATION IS SUBJECT TO REVISIONS AND 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. 
FuturesCom Investment Publications Copyright@1996-2004 all rights reserved                                
Recommended Open BW  Positions
Short 3 Dec  Yen 9148 avg
Short Dec EC 12149
Short December Swiss Franc 7991
Short 2 Dec Canadian Dollars 7686 avg
Long Dec SP500 1123.90
Short 2 Dec Gold 401.2 avg
Short Dec Copper 12420 
Short Dec Silver 678
Short Nov Crude Oil 4415 
Short Oct Unleaded Gas 12305
Short Oct Cattle 8477 
Short Dec Soymeal 167.8
Short Dec  Bean Oil 2314
Long Dec  Wheat 333 
Long 2 Dec Coffee 7530 avg
Short March Sugar 858 

                                                                          Terms