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Morning Comments Monday December 27th 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 23rd 2004
9:30 PM Eastern time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 10960 to 11010
Support should appear near 10820 then 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 657.7 to 659.1 665.9 to 667.3
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 9737 and 9821 to 9837
Support should appear near 9641 to 9625 and 9589 to 9560
March Euro Currency (EC)
Support should appear at 13460 to13340
Resistance should appear near 13605 and 13770 to 13830
March Swiss Franc
Resistance should appear near 8856 to 8871 and 8934 to 8964
Support should appear near 8777 to 8762 and 8683 to 8668
March British Pound
Support should appear near 19090 to 19020
Resistance should appear near 19274 and 19460 to 19530
March Canadian Dollar
Support 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 7601 to 7587
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 14210 to 14150 and 13830 to 13770
Resistance should appear near 14530 to 14590
March Silver
Support should appear 683.5 to 680.5 and 667.5 to 665.5
Resistance is at 699 to 700.5 and 714.5 to 717
The Exciting Energies
Feb Crude Oil
Resistance should appear near 4425 to 4446 then 4503 to 4514 and 4571 to 4582
Support should appear near 4381 to 4370 then 4315 to 4304 and 4249 to 4238
Feb Unleaded Gas
Resistance should appear near 11640 to 11690 and 11920 to 12030
Support should appear near 11500 and 11360 to 11300
Feb Heating Oil
Resistance should appear near 13340 to 13460 and 13770 to 13830
Support should appear near 13100 to 13140 and 12740 to 12680
The Lively Livestock
February Cattle
Support should appear near 9062 to 9042 and 8967 to 8937
Resistance is at 9157 then 9237 and 9317 to 9347
February Hogs
Support should appear near 7342 to 7327 and 7257 to 7242
Resistance should appear near 7417 to 7427and 7487 to 7512
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 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 161.5 and 164.2 to 165.5
January Soybean Oil
Resistance should appear near 2126 to 2134 and 2170 to 2185
Support should appear near 2088 to 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 310 1/2 and 314 3/4 to 315 3/4
The Satisfying Softs
March ' The Monster ' Coffee
Support
is near 10360 to 10320 and 10140 to 10105 .. below that 10035 to 10020 should hold
Resistance should appear near 10580 to 10680 then 10820 and the 10960 to 11010 region.
March Cocoa
Support
is at 1535 to 1529
Resistance is at 1569 to 1576
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
Thursday December 23rd 2004
10:30 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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