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Morning Comments Tuesday Sept 28th,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
Monday Sept 27th 2004
1:30 PM Eastern time
The
Frenzied Forex Front
Dec Yen
Recommended open position Short at 9085
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 8029 to 8044.
Support should appear near 7954 to 7939
Dec British Pound
Recommended open Postion short at 17732
Support should appear near 17800 to 17740
Resistance should appear near 18080 to 18220
Dec
Canadian Dollar
Recommended open Postion short at 7762
Support should appear near 7836
and 7777
to 7763
Resistance is at 7864
and 7901
Dec Aussie Dollar
Support should appear near 7074 and 7003 to 6990
Resistance should appear at 7115 and 7143 to 7170
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should
appear near 10021 to 10037
Support should appear near 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 and 1082.00
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 113-07 and 112-22
Precious Metals
December Gold
Recommended Open Postion Short 3 at 404.4 avg
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
BW Traders should go short if a close under 404.4 occurs.
December Copper
Recommended open Position Short at 130.20
Support should appear near 13460 to
13340 and 13100 to 13040
Recommended open position short at 8477
Resistance should appear near 13830
and 14150 to 14210
Dec Silver
Recommended Open Postion Short at 657
Support should appear near 651 to 648.5 and 643 to 641
Resistance is at 657.5 to 659.5 and 665.5 to 667.5
Nov Crude Oil
Resistance should
appear near 4973 to 4995 and 5058 to 5067
Support should appear near 4926 to 4915 and 4856 to 4845
Nov Unleaded
Gas
Recommended open Postion short 2 at 12925 avg
Resistance should appear
near 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
Resistance should appear near 13770 to 13830 and 14150 to 14210
The Lively Livestock
December Cattle
Recommended open position short at 8697
Support should appear near 8587 to 8557 and the 8502 to 8482 region
Resistance is at 8667 to 8682 and 8762 to 8777.
December Hogs
Recommended open Postion short at 6987
Support is at 6837 to 6812 and 6757 to 6742.. below that a test of
6672 to 6657 is likely
Resistance is at 6907 to 6922 and 6987 to 7002 .
February Pork Bellies
Recommended Open Position Short at 9930
Resistance should appear near 9822 to 9837 and 9922 to 9937
Support is
9737 to 977 and 9542 to 9527
--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 and 199 3/4 to 198 1/4
Resistance is at 208 to 208 3/4
and 212 3/4 to 213 1/2
November Beans
Support
is at 528 1/4 to 525 3/4
and 521 1/2 to 521
Resistance is at 534 1/2 to
535 3./4 and 541 3/4 to
543
December Soymeal
Support
should appear near 157.6 to 156.9 and 153.5 to 152.9
Resistance should appear near 161.5 and 164.2 to 165.5
December Soybean Oil
Resistance should appear near 2126 to 2134 and 2170 to 2185
Support
should appear near 2089 to 2080 and 2042 to 2034
December CBOT Wheat
Recommended open Position Long 2 at 330 1/2 avg
Support should appear near 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 8505 to 8485 and 8405 to 8390 .
Resistance should appear near 8760 to 8780 and 8855 to 8875 .
December Cocoa
Support is at 1453 and 1421 to 1415
Resistance is at 1484 to 1496 and 1529 to 1535
March Sugar
Recommended open Position Short at 858
Support should appear near 882 to 877.
Resistance should appear near 907 to 912
December Cotton
Support should appear
near 4855 to 4845 and 4785 to 4775
Resistance should appear near 4975 to
4995 then 5055 to
5070 and 5125 to 5140
- 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 27th
2004
2:30 PM South Florida Beach Time
FuturesCom Investment
Publications Copyright@1996-2004 all rights reserved
Recommended Open BW Positions
Short Dec Yen 9085
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 Dec Copper 130.20
Short Dec silver 657
Short 2 Nov Unleaded Gas 12925 avg
Short Dec Cattle 8697
Short Feb Pork Bellies 9930
Short December Hogs 6987
Long 2 Dec Wheat 330 1/2 avg
Short March Sugar 858