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FuturesCom Investment Publications
Morning Comments Friday October 15th 2004
 Serving Professional and Individual Traders World Wide since 1988
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We can easily forgive a child who is afraid of the dark.
The real tragedy of life is when men are afraid of the light.
-Plato-

Thursday October 14th  2004
3:30 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 12380 to 12350 and 12320 
Resistance is at 12447 and 12530

Dec Swiss Franc
Recommended open Position Short 2 at 7944 avg
Resistance should appear near 8119 to 8134  
Support should appear near 8044 to 8029 

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 7170 to7143
Resistance should appear at 7255 and 7328to 7342 

                   

                                      The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 9921 to 9937  
Support should appear near 9837 to 9821 

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
 
Nasdaq Composite
Support should appear near 1883.5 and 1865 to 1858
Resistance should appear near 1909 and 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 113-22 and 114-07
Support is at 113-07.and 112-22

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 412.0 to 411.0 

December Copper
Recommended open Position Short at 130.20
Support should appear near 127.40 to 126.80 and 123.80 to 123.20 
Resistance should appear near 130.40 to 131.00 and 133.40 to 134.60  

Dec Silver
Resistance should appear near 707.5 to 708.5 and 714.5 to 717.0
Support is at 691.5 to 690.and 683.5 to 680.5 

                                The Exciting Energies
Dec Crude Oil
Resistance  should appear near 5418 to 5430 and 5492 to 5504
Support should appear near 5356 to 5344 and 5211 to 5200  

December Unleaded Gas 
Recommended open Position Short 2 at 1.4000
Resistance should appear near 14210 and 14530 to 14590 
Support should appear near 13830 to 13770 and 13460 to 13340 

Nov Unleaded  Gas
Recommended open Position Short 2 at 12925 avg

Dec Heating Oil
Resistance should appear near 15690 to 15760 and 16090 to 16150
Support should appear near 14960 to 14840 and 14590 to 14530

                                                          The Lively Livestock

December Cattle
Recommended open position short at 8697
Support should appear near 8777 to 8762 and 8592 to 8562
Resistance is at 8857 to 8872 and 8932 to 8967 

December  Hogs
Support is at 6432 to 6417 and  6352 to 6337 
Resistance is  6577 to 6592 and 6657 to 6672 

February  Pork Bellies
Resistance should appear near 9527 to 9542 and 9622 to 9642
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 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 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 528 1/4

December Soymeal
Support should appear near 149.6 to 148.4 and 145.9 to 145.3 
Resistance should appear near 152.9 to 153.5 and 156.9 to 157.6   

December Soybean Oil
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 310 1/4 to 309 1/4 and 3041/2 to 303 3/4  
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  7255 to 7240 and  7170 to 7145
Resistance should appear near 7415 to 7430 and 7485 to 7515. 

December Cocoa 
Support is at  1421 to 1415 and 1383 to 1377
Resistance is at  1459 and 1484 to 1496

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

December Cotton
Support should appear near 4580 to 4570 and 4445 to 4425
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

Thursday October 14th 2004
4:30 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