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Morning Comments Monday October 10th 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
Sunday October 9th 2004
9:30 AM Eastern time
The
Frenzied Forex Front
Dec Yen
Recommended open Position short 2 at 9057 at 9094 avg
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 12380
to 12350 and 12320
Resistance is at 12455 to 12467 and
12530
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 Position Short at 17732
Support should appear near 17800 to17740 and 17380 to 17310
Resistance should appear near 17962 and
18080 to 18220
Dec Canadian Dollar
Recommended open Position Short at 7762
Resistance should
appear near 8029 to 8044
Support is at 7954 to7939.
Dec Aussie Dollar
Support should appear near 7255 to7242
Resistance should appear at 7328 to 7335
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should
appear near 10140 to 10136
Support should appear near 10037 to 10021 and 9937to 9921
December SP500
Recommended open position Long at 1123.90
Resistance should appear near 1130.00 to 1136.00
Support should appear near 1115.50 and
1101.00 to 1096.00
Traders should stay tuned for BW Updates and Flashes
Nasdaq Composite
Support should appear near 1909 to 1902
Resistance should appear near 1946 to 1953
Dec Mini Nasdaq 100
Resistance is at 1453 to 1459
Support is at 1421 to 1415
December
10 Year T-Note
Resistance
should
appear near 112-22.
Beyond that 113-07 should cap a rally.
Support is at 112-07.and 111-22
..below that 111-07 should hold.
Precious Metals
December Gold
Recommended Open Position Short 3 at 404.4 avg
Resistance should appear at 424.9 and 430.5 to 431.5
Support is at 423.8 and 418.3 to 416.3
December Copper
Recommended open Position Short at 130.20
Support should appear near 14590 to
14530 and 14210 to 14150 .
Resistance should appear near 14840 to 14960
Dec Silver
Resistance
should appear near 732.5 to 734.5 and 741.4 to 743
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 and 5418 to 5430
Support should appear near 5211 to 5210 and 5139 to 5127
Nov Unleaded
Gas
Recommended open Position Short 2 at 12925 avg
Resistance should appear near 14150
to 14210 and14530 to 14590
Support should appear near 13830 to
13770 and 13460 to 13340 .
Nov Heating Oil
Resistance should appear near 14590 and
15290 to15350
Support should appear near 13830 to 13770 and 13460 to 13340
The Lively Livestock
December Cattle
Recommended open position short at 8697
Support should appear near 8777 to 8762 and 8682 to 8667
Resistance is at 8857 to 8872 and 8932 to 8967
December Hogs
Support
is at 6592 to 6572 and 6512 to 6482
Resistance is 6672 and 6742 to 6757
February Pork Bellies
Resistance should appear near 9707 to 9737 then 9822 to 9837
and 9922 to 9937.
BW Traders can sell at 9917 and hold for lower prices
Support is at 9627 and the 9542 to 9522 region.
--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
Recommended open Position 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 Position short at 159.5
Support should appear near 157.6 to 156.9 and 153.5 to 152.9
Resistance should appear near 160.9 to 161.5
December Soybean Oil
Recommended open position short 2073
Resistance should appear near 2080 to 2089 and 2126 to 2134
Support
should appear near 2042
to 2034 and 1996 to 1982
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 Position long at 7860
Support is near 7690 to 7675.and 7605 to 7590
Resistance should appear near 7765 to 7775 and the 7835 to 7865 region.
BW Traders should go long if a close over 8045 occurs.
December Cocoa
Support is at 1421 to 1415 and 1383 to 1377
Resistance is at 1453 to 1459 and 1484 to 1496
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 4715 to 4695 and 4650 to 4635
Resistance should appear near 4775 to 4785 and 4845 to 4855
- 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
Sunday October 9th
2004
10:30 AM
FuturesCom Investment
Publications Copyright@1996-2004 all rights reserved
Recommended
Open BW Positions
Short
2 Dec Yen 9094 avg
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
Short December Bean Oil 2073
Long 3 Dec Wheat 322 1/4 avg
Long Dec Coffee 7860
Short March Sugar 858