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FuturesCom Investment Publications
Morning Comments Monday December 6th 2004
 Serving Professional and Individual Traders World Wide since 1988
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Saturday Dec 4th  2004
11:40 AM  Eastern time   

Open BW Positions

                                    The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance
should appear near 10630 to10680 
Support
should appear near 10525 and 10470 

Dec SP500
Recommended open position long  at 1181.50
Resistance
should appear near 1192.00 to 1203.00 and 1217.5
Support
should appear near 1180.5 and  the 1169.00 to 1164.00 region. 
Stay tuned for Flashes and Updates

March SP500
Resistance
should appear near  1197.50 to 1203 
Support
should appear near 1180.5 and 1169.00 to 1164.00.BW Traders can buy at 
1169.30 for a good bounce
.

BW Traders should go long if a close over 1197.50 occurs

Nasdaq Composite
Support
should appear near 2134 to 2126  
Resistance
should appear near 2170 to 2185 

Dec Mini Nasdaq 100
Recommended open position long at 1602.5
Resistance is at 1628.5 and 1642 to 1655 
Support is at 1609 and 1592.5 .

Dec Mini Russell 2000
Recommended open position long 635.7
Support
is at 635 to 633.7  and 627 to 625.7
Resistance
is at  641.7 to 643 and 648.3 to 650.9 

March 10 Year T-Note

Resistance
should appear near 111-22 and 112-07 
Support is at  111-07 and 110-22

                                  The Frenzied Forex Front
March Yen

Resistance should appear near 9921 to 9937
Support should appear near  9837 to 9821

March Euro Currency (EC)
Support
should appear at 13460 and 13340
Resistance
should appear near 13605 and the 13770 to 13830 region 

March Swiss Franc
Resistance
should appear near 8871 to 8856 and 8762 to 8777
Support should appear near 8934 to 8964 and 9044 to 9060

March British Pound
Support
should appear near 19090 to 19020 
Resistance should appear near the 19460 to 19530.

March Canadian Dollar
S
upport should appear near  8314 to 8300
Resistance is at 8391 to 8406

March Aussie Dollar
Support
should appear near 7689 to 7675 
Resistance should appear at  7763 to 7777 and 7836 to 7864

 Precious Metals

February Gold
Resistance
should appear at 463.9 to 465.0 
Support is at 451.4 to 450.3 

March Copper
Support
should appear near 13830 to 13770 
Resistance
should appear near the 141.50  to 142.10

March Silver
Support
should appear 795.5 to 793.5 and 777.5 to 776.5 
Resistance
is at  819..5 to 822.5 and 830 to 831.5  

 

                              The Exciting Energies
Jan Crude Oil
Resistance
should appear near 4304 to 4315 and 4370 to 4381
Support should appear near 4249 to 4238 and 4183 to 4163  

Jan Unleaded Gas 
Resistance should appear near  11640 to 11690 and  11920 to 12030 
Support should appear near  11300 and 11010 to 10960

Jan Heating Oil
Re
sistance should appear near 12680 to 12740 and 13040 to 13100 
Support
should appear near 12320 and 12030 to 11920 

 

The Lively Livestock

February Cattle
Recommended open position short 2 at 8747 avg
Support should appear near 8682 to 8667 and 8502 to 8482 
Resistance
is at 8762 to 8777 and 8857 to 8872

February Hogs

Recommended open position short 2 at 7352 avg
Support
is at  7512 to 7487 and 7432 to 7417
Resistance
should appear near 7587 to 7602 and 7672 to 7692 

February Pork Bellies
Recommended open position Short 10090
Resistance should appear near 10022 to 1037 and 10107 to 10137 
Support is at 9937 to 9922 and 9837 to 9822

                                         The Grande’ Grains

March 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
BW  Traders can sell at 212 1/4 and risk a close over  218 3/4 for three days in a row.

January Soybeans
Support
is at  521 1/4 to  520 and 513 3/4 to 512 3/4 
Resistance is at  525 3/4 to 528 1/2 and 534 1/2 to 535 3/4

January Soymeal
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

January Soybean Oil
Resistance
should appear near 2042 and 2080 to 2089
Support should appear near 1996 to 1982 

March CBOT Wheat
Support
should appear near 303 3/4 and 299 to 297 1/4 .
Resistance should appear near 309 1/4 to 310 1/4 and 314 3./4 to 315 3/4   

                                      The Satisfying Softs
March Coffee 
Recommended open position long 2 at 9600 avg
Support is near 9735 to 9705 and 9645 to 9625 ..under that 9545 to 9525 should hold
Resistance should appear near 9825 to 9840 and 9920 to 9935 .  

March Cocoa 
Support
is at  1696 to 1689 and 1653 to 1642 
Resistance is at 1731 to 1738 and 1774 to 1780

March Sugar
Support
should appear near 877 and 852 to 847
Resistance should appear near 907 to 912 and 932 to 941.

March Cotton
Recommended open position short 2  at 4305 avg
Support should appear near 4185 to 4165 and 4120 to 4110 
Resistance should appear near 4305 to 4315 and 4370 to 4385


- 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
Saturday December 6th, 2004
12:00 PM South Florida Beach Time

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            Terms


Recommended Open Positions

Long Dec SP500  at 1181.50 

Long Dec mini Nasdaq 1602.5 
Long Dec mini Russell 635.7
Short 2 Feb Cattle 8747 avg
Short 2  Feb Hogs 7352 avg   
Short  Feb Bellies 10090  
Long 2  March Coffee 9600 avg

Short 2  March Cotton at 4305 avg