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FuturesCom Investment Publications
Morning Comments Thursday November 4th 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 November 3rd,   2004
8:10 PM  Eastern time   

Open BW Positions

                                   The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near the 10320 to 10360 region. 
Support should appear near 10136 to 10104  and10037 to 10021 

Dec SP500
Recommended open position long at 1130.80
Resistance should appear near 1150.00 and the 1164.00 to 1169.00 region 
Support should appear near 1136.00 to 1130.00 and 1115.50.  BW Traders can buy at 1115.70 for a good bounce  and stay tuned for a stop..


Nasdaq Composite
Support should appear near 1996 to 1982 
Resistance should appear near 2034 to 2042 region..

Dec Mini Nasdaq 100
Recommended open position long at 1498.5
Resistance is at 1529 to 1535.
Support is at 1496 to 1484 and 1471.5

Dec Mini Russell 2000
Recommended open position long at 595.8
Support is at  594.5 and 588.5 to 585.5 
Resistance is at  602.3 to 603.5 

Dec 10 Year T-Note
Resistance should appear near 113-07 and 113-22
Support is at  112-22 and 112-07

                                 The Frenzied Forex Front
Dec Yen
Recommended open Position Short 2 at  9325 avg
Resistance should appear near 9445 and 9526 to 9542.
Support should appear near  the 9347 to 9318 region 

Dec Euro Currency (EC)
Recommended Open Position short 12672
Support should appear at  12740 to 12680
Resistance should appear near  13040 to 13100

Dec Swiss Franc
Recommended open Position Short 2 at  8287 avg
Resistance should appear near 8406 and 8484 to 8499
Support should appear near 8314 to 8300 

Dec British Pound
Support should appear near 18220 to 18080.
Resistance should appear near the 1.8580 to 1.8650 region.

Dec Canadian Dollar
Support should appear near 8223 to 8194
Resistance is at 8300 to 8314 

Dec Aussie Dollar
Support should appear near 7513 to 7487
Resistance should appear at  7585 to 7605 

Precious Metals

December Gold
Recommended open position Short 4 at 408.5 avg
Resistance should appear at 430.4 to 431.5 
Support is at 424.9 to 423.8 

Dec Copper
Support should appear near 13100 to 13040 and 12740 to 12680.
Resistance should appear near 13340 to 13460 and the 13770 to 13830 region 

Dec Silver
Support should appear 708.5 to 707.5  
Resistance is at 732.to 734.5                                        

                              The Exciting Energies


Dec Crude Oil
Resistance should appear near 5056 to 5067 and 5127 to 5139
Support should appear near 4995 to 4973 and 4926 to 4915 

December Unleaded Gas 
Resistance should appear near 13340 to 13460 and 13770 to 13830, BW traders can sell at 13770 and risk a close over 143.20 for three days in a row. 
Support should appear near 13100 to 13040 and 12740 to 12680  

Dec Heating Oil
Resistance should appear near 14210 and 14530 to 14590 
Support should appear near 13830 to 13770 and 13460 to 13340

 

  The Lively Livestock

December Cattle
 Recommended open position short at 8375
Support should appear near 8407 to 8392 and 8317 to 8302.
Resistance is at 8482 to 8502. BW traders can sell at 8482 and risk a close over 8692 for three days 
in a row 

February Cattle
Support should appear near 8682 to 8667and 8592 to 8567 
Resistance is at 8762 to 8777 and the 8857 to 8872 region..BW Traders can sell at 8757 and risk a close over 8972 for  three days in a row.

BW Traders should go short if a close under 8657 occurs.

December Hogs
Recommended open position short 2 at  6707 avg
Support is at 7172 to 7142 and 7087 to 7072 
Resistance is 7242 to 7257 and 7327 to 7342

February Hogs
Recommended open position short 7072
Support is at 7087 to 7072 and 7002 to 6992
Resistance is at  7172  and 7242 to 7257

Recommended open spread position
Long 4 June Hogs 7037 /  Short 4 Dec Hogs 6957 avg

February Pork Bellies
Recommended open position short at 9922
Resistance should appear near 10022 to 10037and 10107 to 10137
Support is at 9937 to 9922 and 9737 to 9707 
                             --Stay tuned for BW updates and Flashes in the Livestock complex –

                                  The Grande’ Grains

December Corn
Support should appear near 198 1/4 and 190 ¾ to 190 ¼.
Resistance is at 203 ½ to 204 ¼ and 208 to 208 ¾.. BW Traders can sell at 207 ¾ and risk a close over
218 ¾ for three days in a row.

January Soybeans
Recommended open position Short 522
Support is at 513 3/4 to 512 3/4.and 499 1/2 to 497 1/4
Resistance is at 525 3/4 to 528 1/2 and 541 3/4 to 543.
BW Traders can sell at 541 1/4 and risk a close over 551 3/4 for three days in a row…

December Soymeal
Recommended open position short 150.0
Support should appear near 149.6 to 148.4  Below that buyers should appear near 142.1 to 141.5
Resistance should appear near 152.9 to 153.0 and 156.9 to 157.6. 
BW  Traders can sell at 156.9 and risk a close over 166.7 for three days in a row.

December Soybean Oil
Recommended open position short at 2119
Resistance should appear near 2080 to 2088 and 2126 to 2134 
Support should appear near 1996 to 1982 and 1953 to 1946
December CBOT Wheat
Recommended open Position Long 306 1/4
Support should appear near 299 to 2971/4 and 293 3/4 to 292 3/4 
Resistance should appear near 303 3/4 to 304 1/2 and 309 1/4 to 310 1/4 

                         
                                   The Satisfying Softs
December Coffee 
Recommended open Position long at 7860
Support is near 76 to 7485 and 7430 to 7415 
Resistance should appear near  and 7675 to 7690

December Cocoa 
Support is at 1453 and 1421 to 1415
Resistance is at 1471 and 1484 to 1496

March Sugar
Support should appear near 823 to 814
Resistance should appear near 847 to 852 

December Cotton
Support should appear near 4445 to 4425 and 4380 to 4370 
Resistance should appear near 4505 to 4515 and 4570 to 4585

- 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 November 3rd,  2004
9:20 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 9325 avg
Short Dec EC 12672
Short 2  December Swiss Franc 8287
Long  Dec SP500 1130.8
Long Dec mini Nasdaq 1498.5
Long Dec mini Russell 
Short 4 Dec Gold 408.5 avg
Short 2  Dec Hogs 6707 avg
Short Feb Hogs 7072 
Short Feb Bellies 9922 
Short Dec Cattle 8375
Long 4 June Hogs/ Short 4 Dec Hogs  +80
Short Jan Beans 522
Short December Soymeal  150.0
Short December Soybean Oil 2119
Long Dec Wheat 306 1/4 
Long Dec Coffee 7860 

                                                                          Terms