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FuturesCom Investment Publications
Morning Comments Friday November 26th 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 !

Wed November 24th,  2004
3:00 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 3  at 1180.80 avg
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 2088 to 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 1609 to 1615  
Support is at 1576 to 1569 and 1552  

Dec Mini Russell 2000
Recommended open position long at 615.2
Support is at 627 to 625.2 and 619 to 616.5 
Resistance is at 633.7 to 635 and 641.7 to 643 
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 9821 to 9837
Support should appear near 9706 and 9641 to 9625,

Dec Euro Currency (EC)
Recommended open position short 13039
Support should appear at 13150 to 13040.
Resistance should appear near 13245 and 13340 to 13460 

Dec Swiss Franc
Resistance should appear near 8762 to 8777
Support should appear near 8683 to 8668  

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 7864 to 7836  
Resistance should appear at 7939 to 7954

                         

The Lively Livestock

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

December Hogs
Support is at 7602 to 7592 and 7512 to 7487 
Resistance is 7677 to 7692 and 7762 to 7777

February Hogs
Recommended open position short 3 at 7257 avg
Resistance is at  7587 to 7602 and 7672 to 7687
Support is 7512 to 7487 and 7432 to 7412

February Pork Bellies
Recommended open position Short 10090
Resistance should appear near 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 550 1/2 to 549 1/4 and  543 to 541 3/4   
Resistance is at 555 1/4 to 555 3/4  and 564 to 565 1/4
December Soymeal
Recommended open position Short at 156.9
Support should appear near  160.9 and157.6 to 156.9
Resistance should appear near 164.2 to 165.5

December Soybean Oil
Resistance should appear near  2126 to 2134 and 2170 to  2185  .
Support should appear near 2088 to 2080 and 2042 to 2034 
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 297 1/4  and 293 3/4 to 292 3/4

-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 24th,  2004
4:00 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 3 Dec SP500  at 1180.80 
Long Dec mini Nasdaq 1582.5 
Long Dec mini Russell 615.2
Short Dec EC 13039
Short 2 Jan Unleaded Gas 12855 avg
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

 


 

                                                                          Terms