Economic and Investment Trend Analysis - Socio Economics 
Forex - Bonds - Dow Jones - Nasdaq - SP500 Precious Metals - Energy - Livestock - Grains - Softs
 Premier Service - Platforms - Quotes - Online Signup - DIY Index Program  
- Bi-Weekly Outlook Archives - Special Reports -

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  9140 to 9156 and 9237. 
Support should appear near 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 7675 and 7601 to 7587
Resistance is at  7726 and 7763 to 7777 
 
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 
Support should appear near10247 and 10185

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 1902 and 1865 to 1858 
Resistance should appear near 1948 to 1953   

Dec Mini Nasdaq 100
Resistance is at 1453 to 1459 
Support is at 1421 to 1415 and 1399

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 411 to 412  and 416.3 to 418.3 
Support is at 405.6 to 404.6 and 399.3 to 398.2

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 619.5 to 616.5 and 611.5 to 610.5 
Resistance is at 625.5 to 627 and 633.5 to 637.0 . 

                             The Exciting Energies
Nov Crude Oil
Recommended open Postion Short at 4415 
Resistance  should appear near 4425 to 4446 and 4503 to 4514
Support should appear near 4381 to 4370 and 4315 to 4304  

October Unleaded  Gas
Recommended open Postion short at 12305
Resistance should appear near 12320 to 12380 and 12500
Support should appear near 12020 to 11920 and 11690 to 11640

October Heating Oil
Resistance should appear near 12320 to 12380 and 12680 to 12740 .
Support should appear near 12030 to 11920 and 11805 

                                                  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 6672 to 6657 and 6592 to 6577  
Resistance is at 6742 to 6757 and the 6807 to 6837 region 

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 218 1/2 to 217 and 213 1/2 to 212 3/4 
Resistance  is at 226 3/4 to 227 1/2 and  231 1/2 to 232 1/4                                       

November Beans
Support is at 565 1/4 to 564 and 557 3/4 to 555 1/4   
Resistance is at 571 3/4 to 572 3/4 then 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 2354 to 2370 and 2411 to 2419 
Support should appear near 2275 to 2267  and 2225 to 2219 

December CBOT Wheat
Recommended open Position Long at 333
Support should appear near 332 3/4 to 331 3/4 and 327 to 326 1/4
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 7690 to 7675 and 7605 to 7585. 
Below that buyers should appear near 7515 to 7585 and the 7430 to 7415 region.  
Resistance should appear near 7760 to 7775  and 7835 to 7865. 
Beyond that sellers should appear near 7935 to 7955 and the 8025 to 8045 region. . 

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  852 to 847 and  823 to 814   
Resistance should appear near 877 to 882 and 907 to 912 

December Cotton
Support should appear near 5140 to 5125 then 5065 to 5055 and the 4995 to 4975 region 
Resistance should appear near 5255 to 5280 then 5345 to 5355 and the 5414 to 5430 region 

- 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  
Monday Sept 13th  2004
2:30 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