Economic and Investment Trend Analysis - Socio Economics 
Forex - Bonds - Dow Jones - Nasdaq - SP500 - Precious Metals - Energy - Livestock - Grains - Softs
 Premier Service - Platforms - Quotes - Online Signup - Bi-Weekly Outlook Archives - Special Reports  DIY Index 

FuturesCom Investment Publications
Morning Comments Wed November 24th 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

                 FuturesCom Wishes all our U.S. subscribers a Happy and Safe Thanksgiving !

 

Tuesday November 23rd,  2004
7:30 PM  Eastern time   

Open BW Positions


                                    The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near  the 10580 to 10680 region
Support should appear near 10470 and the 10360 to 10320 region …

Dec SP500
Recommended open position Long at 1179.5
Resistance should appear near the1192.00 to 1203.00 region
Support should appear near 1180.5 then 1174.3 and  the 1169.00 to 1164.0 region
Below that buyers should appear near 1150.00. BW traders can buy at 1150.20 for the pull..    
 BW Traders should go long if a close over 1203 occurs.

Nasdaq Composite
Support should appear near 2080 and 2042 to 2034
Resistance should appear near  2106 and  the 2126 to 2134 region 

 

Dec Mini Nasdaq 100
Recommended open position long at 1582.5
Resistance is at 1576 and the 1609 to 1615 region 
Support is at 1569 then 1552 and the 1535 to 1529 region 

Dec Mini Russell 2000
Recommended open position long at 615.2
Support is at 619 to 616.5 
Resistance is at 627, beyond that a test of 633.7 to 635 is likely. 
BW Traders should go long if a close over 627.2 occurs

December 10 Year T-Note
Resistance should appear near 112-22 and 113-07 .
Support is at 112-07 and 111-22

                                The Frenzied Forex Front
Dec Yen
Resistance should appear near 9706 to 9737
Support should appear near 9641 to 9625,

Dec Euro Currency (EC)
Recommended open position short 13039
Support should appear at 13040.
Resistance should appear near 13150 

Dec Swiss Franc
Resistance should appear near 8667 to 8682
Support should appear near 8589 to 8560 

Dec British Pound
Support should appear near 18650 to 18580
Resistance should appear near 18832 and 19020 to 19090

Dec Canadian Dollar
Support should appear near 8406 to 8391 
Resistance is at 8484 to 8499 

Dec Aussie Dollar
Support should appear near 7836 and 7777 to 7763  
Resistance should appear at 7865 and 7939 to 7954

Precious Metals

December Gold
Resistance should appear at 450.3 to 451.4
Support is at 444.6 to 442.5 .

Dec Copper
Support should appear near 14150 and 13830 to 13770    
Resistance should appear near 14530 to 14590

Dec Silver
Support should appear 751.5 to 748.5  and 742.5 to 741.5 
Resistance is at  758.5 to 760.5 and  767.5 to 768.5 

 

                              The Exciting Energies

Jan Crude Oil
Resistance  should appear near 4915 to 4926 and 4973 to 4995  
Support  should appear near 4856 to 4845 and 4717 to 4695

Jan Unleaded Gas 
Recommended open position Short 2  at 12855 avg 
Resistance should appear near  13150 and 13340  to 13460 
Support should appear near 12740 to 12680 and 12380 to 12320

Jan Heating Oil
recommended open position short at 1.4520
Resistance should appear near 14840 to 14960 and 15290 to 15350
Support should appear near  14530 and 14210 to 14150 

 

The Lively Livestock

December Cattle
Support should appear near 8682 to 8667  
Resistance is at 8932 to 8967

February Cattle
Recommended open position short 3 at 8652 avg
Support should appear near 8777 to 8762 and 8682 to 8667  
Resistance is at the 9037 to 9067. 

December Hogs
Support is at 7602 to 7592 and 7512 to 7487 
Resistance is 7672 to 7692 and 7762 to 7777

February Hogs
Recommended open position short 3 at 7257 avg
Resistance is at  7487 to 7512 and 7587 to 7602 
Support is 7432 to 7412 and 7342 to 7327

February Pork Bellies
Recommended open position Short 10090
Resistance should appear near 10102 to 10137 and 10322 to 10362 
Support is at  10037 to 10022 and 9837 to 9822

                                        The Grande’ Grains

December Corn
 Support should appear near  195 1/4 to 194 3/4 
Resistance is at 198 1/4 to 199 3/4 .

January Soybeans
Recommended open position short at 541 3/4
Support is at 557 3/4 to 555 1/4 and 543 to 541 3/4   
Resistance is at 564 to 565 1/4 and 571 3/4 to 572 3/4 
December Soymeal
Recommended open position Short at 156.9
Support should appear near 161.5 to 160.9 and157.6 to 156.9
Resistance should appear near 164.2 to 165.5

December Soybean Oil
Resistance should appear near 2170 to  2185 and 2219 to 2226  .
BW Traders can sell at 2212 and risk a close over 2279 for three days in a row. .
Support should appear near 2134 to 2126 and 2088 to 2080 
BW Traders should go Short if a close under 2077 occurs

December CBOT Wheat
Resistance should appear near 303 3/4 to 304 3/4  
Support should appear near  299 to 207 1/4 

 

                                      The Satisfying Softs
March Coffee 
Recommended open Position Long at 9450
Support is near 9155 to 9150 then 9060 to 9045 and 8965 to 8935
Resistance should appear near  9315 to 9345 and 9525 to 9540

March Cocoa 
Support is at 1576 to 1569 and 1535 to 1529 
Resistance is at 1609 to 1615 and 1642 to 1655 

March Sugar
Recommended open position short at 876
Support should appear near 882 to 877 and 852 to 847 
Resistance should appear near 907 to 912 

March Cotton
Support should appear near 4315 to 4305 and  4250 to  4235.
Resistance should appear near 4370 to 4385  and 4425 to 4445 

-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  November 23rd,  2004
8:20 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
Long Dec SP500 1179.50 
Long Dec mini Nasdaq 1582.5 
Long Dec mini Russell 615.2
Short Dec EC 13039
Short 2 Jan Unleaded Gas 12855 avg
Short Jan Heating Oil 14520 
Short 3 Feb Cattle 8652 avg
Short 3 Feb Hogs 7257 avg   
Short  Feb Bellies 10090  
Short Jan Soybeans 541 3/4
Short December Soymeal 1.5690
Long March Coffee 9450
Short March Sugar 876

 


 

                                                                          Terms