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Morning Comments Friday December 17th 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
Thursday Dec 15th 2004
3:00 PM Eastern time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 10820 and 10960 to 11010
Support should appear near 10680 to 10630 and 10580
March SP500
Resistance
should appear near 1217.5 and 1232.00 to 1238.00
Support should appear near 1203.00 to 1197.5 and 1192.00
Nasdaq Composite
Support should appear near 2134 to 2126
Resistance should appear near the 2170 to 2185 region.
March Mini Nasdaq 100
Resistance
is at 1642 to 1655.
Support is at 1615 to 1609
March Mini Russell 2000
Support
is at 643.00 to 641.70
Resistance is at 648.3 to 650.9
March 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
March Yen
Resistance should appear near 9625 to 9641
Support should appear near 9542 to 9526
March Euro Currency (EC)
Support should appear at 13100 to 13030
Resistance should appear near 13340 to 13460
March Swiss Franc
Resistance should appear near 8683 and 8763 to 8777
Support should appear near 8668 and 8589 to 8560
March British Pound
Support should appear near 1.9090 to 1.9020
Resistance should appear near 19460 to 19530
March Canadian Dollar
Support should appear near 8044 to 8029 and 7954 to 7939
Resistance is at 8110 to 8134 and 8194 to 8223
March Aussie Dollar
Support should appear near 7513 to 7486 and 7428 to 7414
Resistance should appear at 7587 to 7601 and the 7675 to 7689 region.
Precious Metals
February Gold
Resistance should appear at 442.5 to 444.6 and the 450.3 to 451.4 region
Support is at 438.1 to 437 and 431.5 to 430.4
March Copper
Support should appear near 13770 and 13340 to 13460
Resistance should appear near the 14150 to 14210.
March Silver
Support should appear 667.5 to 665.5 and 651 to 648.5
Resistance is at 680.5 to 683.5 and 690.5 to 692.0
The Exciting Energies
Feb Crude Oil
Resistance should appear near 4503 to 4514 and 4571 to 4582
Support should appear near 4381 to 4370 and 4315 to 4304.
Feb Unleaded Gas
Resistance should appear near 12030 and 12320 to 12380.
Support should appear near 11690 to 11640 and 11360 to 11300
Feb Heating Oil
Resistance should appear near 13830 then 14150 to 14250 and 14530 to 14590
Support should appear near 13460 to 13340 and 13100 to 13040
The Lively Livestock
February Cattle
Support should appear near 8777 to 8762 and 8682 to 8667
Resistance is at 8857 to 8872 and 9042 to 9062 .
February Hogs
Support should appear near 7342 to 7327 and 7257 to 7242
Resistance should appear near 7417 to 7427 and 7487 to 7512
February Pork Bellies
Resistance should appear near 9822 to 9837 then 9922 to 9937 and 10022 to 10037
Support is at 9737 to 9707 and 9642 to 9622
The Grande’ Grains
March Corn
Support should appear near 203 1/2 and 199 3/4 to 198 1/4
Resistance is at 208 to 208 3/4.. Beyond that sellers should appear near 212 3/4 to 213 1/2
January Soybeans
Support is at 543 to 541 3/4 and 535 3/4 to 534 1/2
Resistance is at 549 1/4 to 550 1/2 and the 555 1/2 to 557 3/4 region.
January Soymeal
Support should appear near 157.6 to 156.9 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 2080 to 2089 and 2126 to 2134
Support should appear near 2042 to 2034 and 1996 to 1982
March CBOT Wheat
Support should appear near 297 1/4 and 293 3/4 to 292 3/4.
Resistance should appear near 303 3/4 to 304 1/2 and 309 1/4 to 310 1/2
The Satisfying Softs
March ' The Monster ' Coffee
Recommended open position long 2 at 9890 avg
Support is near 9940 to 9920 then 9840 to 9825.and 9735 to 9705
Resistance should appear near 10020 to 10035 then 10105 to 10135 and the 10320 to 10360 region.
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 847 and 823 to 814
Resistance should appear near 855 and 877 to 882
March Cotton
Support should appear near 4315 to 4305 then 4250 to 4235and 4185 to 4165 .
Resistance should appear near 4370 to 4380 then 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
Thursday December 16th, 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 Mini Russell 636.90 avg
Long 2 March Coffee 9890 avg
Long May Coffee 10010