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FuturesCom Investment Publications
Morning Comments Wed October 13th 2004
 Serving Professional and Individual Traders World Wide since 1988
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Tuesday October 12th  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 9156 and 9237  
Support should appear near 9060 to 9044

Dec Euro Currency (EC)
Recommended Open Position Short 2 at 12155 avg
Support should appear at 12247 and 12175
Resistance is at 12380 then 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 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 7939 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 10104 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 113-07 and 113-22
Support is at 112-22.and 112-02

Precious Metals

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

December Copper
Recommended open Position Short at 130.20
Support should appear near 14210 to 14150 and 13830 to 13770 
Resistance should appear near 14530 to 14590 and 14840 to 14960 

Dec Silver
Resistance should appear near 708.5 and 714.5 to 717.0
Support is at 691.5 to 690.and 683.5 to 680.5 

                                The Exciting Energies
Nov Crude Oil
Resistance  should appear near  5344 to 5356 and 5418 to 5430 
Support should appear near 5211 to 5200 and 5139 to 5127  

Nov Unleaded  Gas
Recommended open Position Short 2 at 12925 avg
Resistance should appear near 13830 and 14150 to 14210
Support should appear near 13460 to 13340  .

December Unleaded Gas 
Recommended open Position Short 2 1.4000

Nov Heating Oil
Resistance should appear near  14590 and 14849 to 14960
Support should appear near  14210 to 14150 and 13830 to 13770 

                                                          The Lively Livestock

December Cattle
Recommended open position short at 8697
Support should appear near 8857 and 8777 to 8762 
Resistance is at 8932 to 8967 and 9042 to 9062

December  Hogs
Support is at 6352 to 6337 and 6272 to 6257 
Resistance is 6482 to 6512 and 6577 to 6592

February  Pork Bellies
Resistance should appear near 9427 to 9442 and 9527 to 9542 
Support  is at  9347 to 9317 and 9157 to 9142 .

                             --Stay tuned for BW updates and Flashes in the Livestock complex --

                               The Grande’ Grains

December Corn
Support should appear near 199 3/4 to 198 1/4 and 195 1/2 to 194 3/4
Resistance is at 2031/2 to 204 1/4 and 208 to 208 3/4 

November Beans
Support is at 513 3/4 to 512 3/4 and 506 3/4 to 505 3/4  
Resistance is at 520 to 520 1/4 and 525 3/4 to 5281/4 

December Soymeal
Support should appear near 153.5 to 152.9 and 149.6 to 148.4 
Resistance should appear near 156.9 to 157.6 and 160.9 to 161.5  

December Soybean Oil
Resistance should appear near 2034 to 2042 and 2080 to 2089
Support should appear near 1996 to 1982 and 1953 to 1948

December CBOT Wheat
Recommended open Position Long 2 at 322 1/4 avg
Support should appear near 3041/2 to 303 3/4 and 299 to 297 1/4 
Resistance  should appear near 314 3/4 to 315 3/4 and 319 1/2 to 321 1/4 

 

                                   The Satisfying Softs
December  Coffee 
Recommended open Position long at 7860
Support is near 7430 to 7415  and 7345 to 7325 
Resistance should appear near 7485 to 7515and 7585 to 7605. 

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 912 to 907 and 882 to 877
Resistance should appear near 932 to 941  

December Cotton
Support should appear near 4445 to 4425 and 4380 to 4370
Resistance should appear near 4570 to 4580 and 4635 to 4650   

- 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

Tuesday October 12th 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 2 December Unleaded Gas 1.4000
Short Dec Cattle 8697 
Long 3 Dec Wheat 322 1/4 avg 
Long Dec Coffee 7860 
Short March Sugar 858 

                                                                          Terms