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Morning Comments Thursday October 7th 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
Wed October 6th 2004
8:00 PM Eastern time
The
Frenzied Forex Front
Dec Yen
Recommended open Postion short at 9057
Resistance should appear near 9044 to 9060 and 9100
Support should appear near 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 12320 to 12350 and
12380
Dec Swiss Franc
Recommended open Position Short 2 at 7944 avg
Resistance should appear near 7939 to 7954
Support should appear near 7864 to
7836
Dec British Pound
Recommended open Position Short at 17732
Support should appear near 17562 and 17380 to 17310
Resistance should appear near
17740 to 17800 and 17962
Dec Canadian Dollar
Recommended open Position Short at 7762
Resistance should
appear near 7939 to 7954
Support is at 7864 to7834.
Dec Aussie Dollar
Support should appear near 7170 to7143
Resistance should appear at 7242 to 7255
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should
appear near 10247 and the 10320 to 10360 region
Support should appear near 10185 and the 10136 to 10104
region.
December SP500
Recommended open position Long at 1123.90
Resistance should appear near 1150.00 and 1164.00 to 1169.00
Support should appear near 1136.00
to 1133.00 to 1130.00
Traders should stay tuned for BW Updates and Flashes
Nasdaq Composite
Support should appear near 1953 to 1946
Resistance should appear near 1984 to 1996
Dec Mini Nasdaq 100
Resistance is at 1484 to 1496
Support is at 1459
to 1453
December
10 Year T-Note
Resistance
should
appear near 112-07 and 112-22.
Beyond that 113-07 should cap a rally.
Support is at 111-22.and 111-07
..below that 110-22 should hold.
Precious Metals
December Gold
Recommended Open Postion Short 3 at 404.4 avg
Resistance should appear at 423.8 to 424.9
Support is at 418.3 to 416.3
December Copper
Recommended open Position Short at 130.20
Support should appear near 14150 and
13830 to 13770 .
Resistance should appear near 14530 to 14590
Dec Silver
Resistance
should appear near 724.0 to 725.5 and 732.5 to 734.5
Support is at the 708.5 to 707.5 and 691.5 to 690.5
The Exciting Energies
Nov Crude Oil
Resistance should
appear near 5344 to 5356
Support should appear near 5139 to 5127
Nov Unleaded
Gas
Recommended open Position Short 2 at 12925 avg
Resistance should appear near 14150
to 14210
Support should appear near 13460 to 13340 .
Nov Heating Oil
Resistance should appear near
14530 to 14590
Support should appear near 13830 to 13770
The Lively Livestock
December Cattle
Recommended open position short at 8697
Support should appear near 8872 to 8857 and 8777 to 8762.
Resistance is at 8932 to 8967 and 9042 to 9062
December Hogs
Support
is at 6672 to 6657 and 6592 to 6572
Resistance is 6742 to 6757 and 6807 to 6837
February Pork Bellies
Resistance should appear near 9822 to 9837
and 9922 to 9937.
BW Traders can sell at 9917 and hold for lower prices
Support is 9737 to 9707 and 9642 to 9627
--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
November Beans
Recommended open Postion short at 525 1/2
Support is at 521 1/2 to
520 1/4 region
Resistance is at 534 1/2 to 535 3/4
December Soymeal
Recommended open Postion short at 159.5
Support should appear near 153.5 to 152.9
Resistance should appear near 160.9 to 161.5
December Soybean Oil
Resistance should appear near 2126 to 2134 and 2170 to 2185 . Beyond that
sellers should appear near 2219 to 2226. BW Traders
can sell at 2212 and risk a close over 2329
for three days in a row.
Support
should appear near 2089 to 2080, a
close under augurs for a test of 2042
to 2034 BW Traders
should go short if a close under 2077 occurs.
December CBOT Wheat
Recommended open Position Long 2 at 322 1/4 avg
Support should appear near 299 to 297 1/4 and 293 3/4 to 292 3/4
Resistance should appear
near 309 1/4 to 310 1/4 and 3143/4 to 315 3/4
The Satisfying Softs
December
Coffee
Recommended open Postion long at 7860
Support is near 7690 to 7675.and 7605 to 7590
Resistance should appear near the 7835 to 7865 and 7935 to 7955
BW Traders should go long if a close over 8045 occurs.
December Cocoa
Support is at 1383 to 1377
Resistance is at 1415 to 1421
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 4785 4775 and 4715 to 4695.
Resistance should appear near 4855 and 4975 to 4995
- 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
Wed October 6th
2004
9:20 PM South Florida Beach Time
FuturesCom Investment
Publications Copyright@1996-2004 all rights reserved
Recommended Open BW Positions
Short
Dec Yen 8057
Short 2 Dec EC 12155 avg
Short 2 December Swiss Franc 7944 avg
Short Dec Canadian Dollar 7762
Short December British Pounds 17732
Long Dec SP500 1123.90
Short 3 Dec Gold 404.4 avg
Short Dec Copper 130.20
Short 2 Nov Unleaded Gas 12925 avg
Short Dec Cattle 8697
Short Nov Beans 525 1/2
Short December Soymeal 159.5
Long 3 Dec Wheat 322 1/4 avg
Long Dec Coffee 7860
Short March Sugar 858