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FuturesCom Investment Publications
Morning Comments Thursday December 23rd 2004
 Serving Professional and Individual Traders World Wide since 1988
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We can easily forgive a child who is afraid of the dark. 
The real tragedy of life is when men are afraid of the light.
 -Plato-

 

Wed Dec 22nd  2004
1:30 PM  Eastern time   

Open BW Positions

                                    The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance
should appear near 10820 and 10960 to 11010 
Support
should appear near 10750 and 10680 to 10630

March SP500
Resistance
should appear near 1217.50 and 1232.oo to 1238.00 
Support
should appear near  1203 to 1197.50 and 1192.00

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

March Mini Nasdaq 100
Resistance
is at 1628.5 and 1642 to 1655
Support is at 1615.00 to 1609 and 1592.5


March Mini Russell 2000
Support
is at 650.90 to 648.3 and 643.0 to 641.7
Resistance
is at  648.3 to 650.9 and 657.7 to 659.1

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 9706 to 9737 and 9821 to 9837
Support
should appear near 9641 to 9625 and 9589 to 9560

March Euro Currency (EC)
Support
should appear at 13340 and 13100 to 13030
Resistance should appear near 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 1.9020 and 18650 to 18580
Resistance should appear near 19274 and 19460 to 19530

March Canadian Dollar
S
upport should appear near  8044 to 8029 and 7954 to 7939
Resistance is at 8119 to 8134 and 8194 to 8223 

March Aussie Dollar
Support
should appear near  7587 and 7513 to 7486 
Resistance should appear at 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 13830 to 13770  
Resistance
should appear near 14150 to 14210

March Silver
Support
should appear 683.5 to 680.5 and 667.5 to 665.5 
Resistance
is at  690.5 to 691.5 then 699 to 700.5 and 714.5 to 717 

                           The Exciting Energies


Feb Crude Oil
Resistance
should appear near 4503 to 4514 and 4571 to 4582
Support
should appear near 4315 to 4304 and 4249 to 4238

Feb Unleaded Gas 
Resistance should appear near  11690 and 11920 to 12030 
Support should appear near 11500 and 11360 to 11300

Feb Heating Oil
Re
sistance should appear near  13770 to 13830 and 14150 to 14210
Support
should appear near 13460 to 13340 and 13100 to 13140 

The Lively Livestock

February Cattle
Support
should appear near 9062 to 9042 and  8967 to 8937  
Resistance is at  9142 to 9157 and 9317 to 9347

February Hogs
Support
should appear near 7257 to 7242 and 7172 to 7142
Resistance
should appear near 7327 to 7342 and 7417 to 7427 

February Pork Bellies
Resistance
should appear near 9622 to 9642 and 9707 to 9737 
Support
is at 9542 to 9527 and 9337 to 9317

                                        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.. 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 then 555 1/2 to 557 3/4 and 564  to 565 1/4  

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 2126 to 2134
Support should appear near 2080 and 2042 to 2034

March CBOT Wheat
Support
should appear near 304 1/2 to 303 3/4 and 299 to 297 1/4  
Resistance should appear near  309 1/4 to 310 1/2 and 314 3/4 to 315 3/4 

 

                                      The Satisfying Softs
March ' The Monster ' Coffee 
Support
is near 10035 to 10020 then 9935 to 9920 and 9740 to 9705
Resistance
should appear near 10320 to 10360 and 10580 to 10680  

March Cocoa 
Support
is at  1576 to 1569
Resistance is at 1609 to 1615

March Sugar
Support
should appear near 882 to 877  
Resistance
should appear near 907 to 912 

March Cotton
Support should appear near  4250 to 4235 and 4120 to 4110
Resistance should appear near  4305 to 4315 and 4425 to 4445 

- A Ship in Harbor is Safe...But that is not what ships are built for –

Happy Trading and Have a Happy and Safe Holiday !
Bill
 wil@futurescom.com

1-866-409-3890
Wed  December 22nd  2004
3:00 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. 
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Recommended Open Positions
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