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FuturesCom Investment Publications
Morning Comments  Friday Sept 24th,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

“Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable - ranks high. There are certain chances that the most prudent man is justified in taking - chances that he must take if he wishes to be more than a mercantile  mollusk"
  - Reminiscences of a Stock operator-  

Thursday  Sept 24th  2004
7:30 PM eastern time 

Open BW Positions
                         

                             The Frenzied Forex Front
Dec Yen
Recommended open position Short 2  at 9086 avg
Resistance should appear near 9140 to 9156 and 9237. 
Support should appear near 9060 to 9044, a close under augurs for a test of 8964 to 8934

Dec Euro Currency (EC)
Recommended Open Position Short 2 at 12155 avg
Support should appear at 12247 and 12175   
Resistance is at the 12320 to 12350 and 12380 

Dec Swiss Franc
Recommended open Position Short 2  at 7944 avg
Resistance should appear near 7991 and 8029 to 8044.  
Support should appear near 7954 to 7939 and 7901 

Dec British Pound
Recommended open Postion short at 17732
Support  should appear near 17800 to 17740   
Resistance should appear near 17962 and 18080 to 18220 

Dec Canadian Dollar
Recommended open Postion short at 7762
Support should appear near 7777 to 7763 
Resistance is at 7836 to 7864  
BW  traders should go short if a close under 7682 occurs. 

Dec Aussie Dollar
Support should appear near  7074 and  7003 to 6990 
Resistance should appear at 7088 and 7115 
                               

                                   The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10104 to 10136
Support should appear near 10037 to 10021 and 9937 to 9921 

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

Dec Mini Nasdaq 100
Resistance is at 1415 to 1421 
Support is at 1383 to 1377 

December 10 Year T-Note
Resistance should appear near 113-22 and 114-07.  
Support is at 11307  and 112-22 

Precious Metals

December  Gold
Recommended Open Postion Short 3 at 404.4 avg
Resistance should appear at  412 and 416.3 to 418.3
Support is at 405.6 to 404.6 and 399.3 to 398.2
BW Traders should go short if a close under 404.4 occurs.

December Copper
Recommended open Position Short 2 at 12740 avg
Support should appear near 13460 to 13340 and 13100 to 13040 
Resistance should appear near 13770 to 13830  and 14150 to 14210

Dec Silver
Support should appear near 643 to  641 and 635 to 633.5
Resistance is at the 648.5 to 651.0 and the  657.5 to 659.5  region. 
BW Traders can sell at 657.0  and risk a close over 674.5 for three days in a row.

                                 The Exciting Energies
Nov Crude Oil
Resistance  should appear near 4845 to 4856 and 4915 to 4926  
Support should appear near 4785 to 4775 and 4717 to 4695 

Nov Unleaded  Gas
Recommended open Postion short 2 at 12925  avg
Resistance should appear near 13340 to 13460 and 13770 to 13830
Support should appear near 13100 to 13040 and 12740 to 12680

Nov Heating Oil
Support should appear near 13460 to 13340 and 13100 to 13040
Support should appear near 13770 to 13830 and 14150 to 14210

                                                            The Lively Livestock

December Cattle
Support should appear near 8682 to 8667 and the 8587 to 8557  region.
Resistance is at 8762 to 8777 and 8857 to 8872 . 

October Cattle
Recommended open position short at 8477

December  Hogs
 Recommended open Postion short at 6987
Support is at 7087 to 7072 and 7002 to 6992 
Resistance is at  7142 to 7172 and 7242 to 7257. 

February  Pork Bellies
Recommended Open Position Short at 9930
Resistance should appear near  10362.then 10472 and 10577.
Support  is 10317 and 10187 
                         --Stay tuned for BW updates and Flashes in the Livestock complex --

                      

                                            The Grande’ Grains
December Corn
Support should appear near 204 1/4 to 203 1/2 .
Resistance  is at 208 to 208 3/4 and  212 3/4 to 213 1/2

November Beans
Support is at 535 3/4 to 534 1/2 and the 521 1/2 to 521 region. 
Resistance is at 541 3/4 to 543 and 549 1/4 to 550 1/2

 December Soymeal
Support should appear near 161.5 to 160.9 and 157.6 to 156.9 region 
Resistance should appear near 164.2 to 165.5 and 168.9 to 169.6 

December Soybean Oil
Resistance should appear near 2170 to 2185 and 2219 to 2226 
Support should appear near 2134 to 2126  and 2089 to 2080

December CBOT Wheat
Recommended open Position Long 2 at 330 1/2 avg 
Support should appear near 321 1/4 to 319 1/2 and 315 3/4 to 314 3/4
Resistance  should appear near 326 1/4 to 327 and  331 3/4 to 332 3/4 

                                           The Satisfying Softs

December  Coffee 
Support is near the 8045 to 8025 then 7955 to 7935 and the 7865 to 7835 region.  
Resistance should appear near 8135 then 8195 to 8225 and the 8300 to 8315 region. 

December Cocoa 
Support is at 1496 to 1484 and 1459 to1453 
Resistance is at  1529 to 1535 and 1569 to 1576  

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 4855 to 4845 and 4785 to 4775 
Resistance should appear near  4925  and 5055 to 5070 
- 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 Sept 23rd  2004
8:45 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 2 Dec Yen 9086 avg
Short 2  Dec EC 12155 avg
Short 2  December Swiss Franc 7944 avg
Short December British Pounds 17732 
Long Dec SP500 1123.90
Short 3 Dec Gold 404.4 avg
Short 2 Dec Copper 12720 avg
Short  2 Nov Unleaded Gas 12925 avg 
Short Oct Cattle 8477 
Short Feb Pork Bellies 9930
Short December Hogs 6987
Long 2  Dec Wheat 330 1/2 avg 
Short March Sugar 858 

                                                                          Terms