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FuturesCom Investment Publications
Morning Comments Tuesday October 12th 2004
 Serving Professional and Individual Traders World Wide since 1988
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Monday October 11th  2004
2:30 PM  Eastern time   

Open BW Positions
                         

                                   The Frenzied Forex Front
 Dec Yen
Recommended open Position short 2 at 9094 avg
Resistance  should appear near 9237and 9316 to 9347  
Support should appear near 9156 to 9140 and 8964 to 8934

Dec Euro Currency (EC)
Recommended Open Position Short 2 at 12155 avg
Support should appear at  12350 and 12320 and 12247
Resistance is at 12380 then 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 and 7864 to 7836

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 and 10185
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 and 113-07.   
Support is at 112-07.and 111-22

Precious Metals

December  Gold
Recommended Open Position Short 3 at 404.4 avg
Resistance should appear at 423.8 to 424.9 and 430.5 to 431.5
Support is at 418.3 to 416.3 and 412.0 to 411.0. 

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  5418 to 5430 and 5492 to 5504 
Support should appear near 5356 to 5344 and 5282 to 5259  

Nov Unleaded  Gas
Recommended open Position Short 2 at 12925 avg
Resistance should appear near 14150 to 14210 
Support should appear near 13830 to 13770 .

Nov Heating Oil
Resistance should appear near 14849 to 14960 and  15290 to15350
Support should appear near 14590 to 14530 and 13830 to 13770 

                                                          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 8872 and 8932 to 8967 

December  Hogs
Support is at 6592 to 6572 and 6512 to 6482
Resistance is 6657 to 6672 and  6742 to 6757

February  Pork Bellies
Resistance should appear near 9627 to 9642 and 9707 to 9737 
BW Traders can sell at 9917 and hold for lower prices
Support  is at  9542 to 9522 and 9447 to 9427..

                             --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 535 3/4 to 534 1/2 and 528 1/4 to 525 3/4 
Resistance is at 541 3/4 to 543 and 549 1/4 to 550 1/2

December Soymeal
Recommended open Position short at 159.5
Support should appear near 161.5 to 160.9
Resistance should appear near 164.2 to 165.5  

December Soybean Oil
Recommended open position short 2073
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 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 7515 to 7485 and  7430 to 7415
Resistance should appear near 7605 and 7675 to 7690. 

December Cocoa 
Support is at 1459 to 1453 and 1421 to 1415 
Resistance is at  1484 to 1496 and 1521 to 1535.. BW Traders can sell at 1517 and risk a close over 1579 for three days in a row. 

March Sugar
Recommended open Position Short at 858
Support should appear near 912 to 907 and 882 to 877
Resistance should appear near 932 to 941  

December Cotton
Support should appear near 4650 to 4635 and 4585 to 4570
Resistance should appear near 4695 to 4715 and 4775 to 4785   

- 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 October 11th 2004
3:30 PM Eastern 

 


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 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 

                                                                          Terms