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FuturesCom Investment Publications
Morning Comments  Thursday November 11th 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 10th,  2004
3:00 PM  Eastern time   

Open BW Positions

 

                                   The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10,470 and 10,580 to 10,630
Support should appear near 10360 to 10320 and 10,136 to 10,104  

Dec SP500
Resistance should appear near 1169.00 and 1180.5. Beyond that a test of 1192 to 1203 is likely.
Support should appear near 1164.00 and 1150.00. Below that 1136.00 to 1130.00 should hold.

Traders should stay tuned for updates  

 Nasdaq Composite
Support should appear near 2034 and 1996 to 1982 
Resistance should appear near 2061 and 2080 to 2089.

Dec Mini Nasdaq 100
Recommended open position long at 1498.5
Resistance is at 1529 to 1535 
Support is at 1512.5 and 1496 to 1484

Dec Mini Russell 2000
Recommended open position long at 595.8
Support is at  603.5 to 602.3 and 595.5 to 594.5 
Resistance is at  610.5 to 611.9 and the 616.5 to 619

Dec 10 Year T-Note
Resistance should appear near  112-07 and 112-22 
Support is at 111-22 and 111-07

                                 The Frenzied Forex Front
Dec Yen
Recommended open Position Short 2 at  9325 avg
Resistance should appear near 9429 to 9445 and 9526 to 9542.
Support should appear near  the 9347 to 9316 and 9156 to 9140 

Dec Euro Currency (EC)
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 8484 to 8499 and 8560 to 8589
Support should appear near 8406 to 8391 and 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 8314 to 8300
Resistance is at 8391 to 8406 

Dec Aussie Dollar
Support should appear near 7513 to 7486
Resistance should appear at  7587 to 7601  

Precious Metals

December Gold
Recommended open position Short  421
Resistance should appear at 437 to 438.1 and 442.5 to 445.6 
Support is at 431.5 to 430.4 and 424.9 to 423.8

Dec Copper
Support should appear near 13460 to 13340.
Resistance should appear near the 13770 to 13830 region 

Dec Silver
Support should appear 742.5.0 to 741.5 and 734.5 to 732.5
Resistance is at 748.5 to 751.5 and 767.5 to 768.5                                       

                              The Exciting Energies


Dec Crude Oil
Resistance should appear near  4915 to 4926 and 4973 to 4995 
Support should appear near  4856 to 4845 and 4785 to 4775

December Unleaded Gas 
Resistance should appear near 13040 to 13150 and 13340 to 13460
Support should appear near  12740 to 12680 and 12380 to 12320 

Dec Heating Oil
Resistance should appear near 14150 to 14210 and 14530 to 14590
Support should appear near 13830 to 13770 and 13460 to 13340 

                                                 The Lively Livestock

December Cattle
Support should appear near 8317 to 8302 and 8222 to 8192
Resistance is at  8392 to 8407.. beyond that sellers should appear near 8482 to 8502
BW traders can sell at 8482 and risk a close over 8692 for three days in a row 

February Cattle
 Recommended open position short at 8590
Support should appear near 8587 to 8567 and  8502 to 8482 
Resistance is at  8762 to 8777 and 8857 to 8872
BW Traders can sell at 8757 and risk a close over 8972 for  three days in a row.

December Hogs
Recommended open position short 6907
Support is at 7357 to 7342 and 7257 to 7242 
Resistance is 7487 to 7512 and 7587

February Hogs
Recommended open position short 7072
Support is at  7342 to 7327 and 7257 to 7242
Resistance is at 7487 to 7512 

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 10317 to 10377 and 10467
Support is at 10137 to 10102 then 10037 to 10022 
                             --Stay tuned for BW updates and Flashes in the Livestock complex –

                                  The Grande’ Grains

December Corn
Support should appear near 195 1/4 to 194 3/4 and 190 3/4 to 190 1/4 
Resistance is at 198 1/4 to 199 3/4 and 203 ½ to 204 ¼ 

January Soybeans
Support is at 521 1/4 to 520 and 513 3/4 to 512 3/4 
Resistance is at 534 1/2 to 535 3/4 and 541 3/4 to 543. BW traders can sell at 541 1/4 and risk close over 551 3/4 for three days in a row 
December Soymeal
Recommended open position Short 156.9
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 2080 to 2088 and 2128 to 2134 
Support should appear near 2042 to 2034 and 1996 to 1982
December CBOT Wheat
Recommended open Position Long 306 1/4
Support should appear near 303 1/4 and 299 to 297 1/4 
Resistance should appear near 309 1/4 to 310 1/4 

                         
                                   The Satisfying Softs
December Coffee 
Recommended open Position long at 7860
Support is near 8045 to 8025 and 7955 to 7935 
Resistance should appear near 8195 to 8225 and 8300 to 8315 

December Cocoa 
Resistance is at 1731 to 1738 and 1774 to 1780
Support is at 1696 to 1689 and 1655 to 1642

March Sugar
Support should appear near 852 to 847 and 823 to 814
Resistance should appear near 877 to 882 and 907 to 912.  BW Traders should can sell at 876 
and risk a close over 917 for three days in a row. . 

December Cotton
Support should appear near 4315 to 4305 and 4185 to 4165 
Resistance should appear near 4425 to 4445 and 4505 to 4515 

- 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 November 8th,  2004
2:55 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 2  December Swiss Franc 8287
Long Dec mini Nasdaq 1498.5
Long Dec mini Russell 595.8
Short Dec Gold 421
Short Dec Hogs 6907
Short Feb Hogs 7072 
Short Feb Bellies 9922 
Short Feb Cattle 8590
Long 4 June Hogs/ Short 4 Dec Hogs  +80
Short December Soymeal 156.9
Long Dec Wheat 306 1/4 
Long Dec Coffee 7860 

                                                                          Terms