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FuturesCom Investment Publications
Morning Comments Thursday December 9th 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  Dec 8th  2004
2:30 PM  Eastern time   

Open BW Positions

                                    The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10580 to 10630  
Support should appear near 10470 and 10360 to 10320 

March SP500
Recommended open position long 2 at  1183.10  avg
Resistance should appear near 1192.00 to 1203.00 
Support should appear near 1180.50 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 2089 to 2080   
Resistance should appear near 2126 to 2134  

March Mini Nasdaq 100
Recommended open position long at 1616.00
Resistance is at 1615 and 1628.5
Support is at 1592.5 and 1576 to 1569

March Mini Russell 2000
Recommended open position long 633.00
Support is at 627 to 625.7 and 619 to 616.5 
Resistance is at  633.7 to 635 and 641.7 to 643  

March 10 Year T-Note
Resistance should appear near 112-22 and 11307
Support is at 112-07 and  111-22

                                  The Frenzied Forex Front
March Yen
Resistance should appear near 9706 to 9737 and 9821 to 9837
Support should appear near 9641 to 9625 and 9542 to 9526

March Euro Currency (EC)
Support should appear at  13220 and 13100 to 13040
Resistance should appear near 13340 to 13460 and 13605  

March Swiss Franc
Resistance should appear near 8762 to 8777 and  8856 to 8871 
Support should appear near 8683 to 8668 and 8589 to 8560

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

March Canadian Dollar
Support should appear near 8194 and  8134 to 8119
Resistance is at 8223 and 8300 to 8314 

March Aussie Dollar
Support should appear near 7486 and 7428 to7414
Resistance should appear at 7513 and 7587 to 7601

 Precious Metals

February Gold
Resistance should appear at 442.4 to 444.6 and 450.3 to 451.4
Support is at 438.1 to 437 and 431.5 to 430.4

March Copper
Support should appear near 13040 and 12830 to 12770
Resistance should appear near 13340 to13460 

March Silver
Resistance should appear  724 to 725.5 and 741.5 to 742.5  
Support is at 700.5  to 699 and  683.5 to 680.5

                              The Exciting Energies
Jan Crude Oil
Resistance should appear near  4238 to 4249 and 4304 to 4315
Support should appear near 4183 to 4163 and 4120 to 4110   

Jan Unleaded Gas 
Resistance should appear near  10960 to 11010 and 11300 to 11360 
Support should appear near 10680 to 10580 and 10360 to 10320 

Jan Heating Oil
Resistance should appear near 12680 to 12740 and 13040to 13100
Support should appear near  12380 to 12320 and 12030 to 11920 

The Lively Livestock

February Cattle
Support should appear near  8777 to 8762 and 8682 to 8667
Resistance is at 8857 to 8872 and 8937 to 8967

February Hogs
Support is at  7172 to 7142 and 7087 to 7072
Resistance should appear near 7242 to 7257 and 7327 to 7342

February Pork Bellies
Resistance should appear near 9822 to 9837 and 9922 to 9937
Support is at  9707 and 9642 to 9622

                                         The Grande’ Grains

March Corn
Support should appear near  199 3/4 to 198 1/4 
Resistance is at  204 1/4 and 208 to 208 3/4  

January Soybeans
Support is at  528 1/4 to 525 3/4 and 521 1/4 to  520 
Resistance is at  534 1/2 to 535 3/4 and 5413/4to 543

January Soymeal
Support should appear near 157.6 to156.9 and 153.5 to 152.9
Resistance should appear near 160.9 to 161.5 and 164.2 to 165.5

January Soybean Oil
Resistance should appear near 1996 and 2034 to 2042
Support should appear near 1982 and  1953 to 1946

March CBOT Wheat
Support should appear near  299 to 297 1/4 and 293 3/4 to 292 3/4 
Resistance should appear near 303 3/4 to 304 3/4 and 309 1/4 to 310 1/4 

                                      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 .  

May Coffee
Recommended open position long  at 10010

March Cocoa 
Support is at  1642 and 1615 to 1609
Resistance is at 1689 to 1696 and 1731 to 1738 

March Sugar
Support should appear near 852 to 847
Resistance should appear near 877 to 882

March Cotton
Support should appear near 4250 to 4235 and 4185to4165
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
Wed  December 8th, 2004
4:15 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  2 March SP500 1183.10  avg
Long March Mini Nasdaq 1616.00
Long March Mini Russell 633
Long 2 March Coffee 9600 avg
Long May Coffee 10010