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FuturesCom Investment Publications
Morning Comments  Wed December 29th 2004
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Tuesday Dec 28th  2004
1:30 PM  Eastern time   

Open BW Positions

                                    The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance
should appear near 10,960 to 11,010 
Support
should appear near 10,820 and 10,750

March SP500
Resistance
should appear near 1217.50 and 1232.00 to 1238.00 
Support
should appear near  1203.00 to 1197.50 and 1192.00

Nasdaq Composite
Support
should appear near 2170 and 2152
Resistance should appear near 2177.5 to 2185  

March Mini Nasdaq 100
Resistance
is at 1642 to 1655
Support is at 1615 to 1609


March Mini Russell 2000
Support
is at 650.9 to 648.3 and 643.0 to 641.7 
Resistance
is at  657.7 to 659.1 and 665.9 to 667.3

March 10 Year T-Note

Resistance
should appear near  111-22 and 112-07
Support
is at 111-07 and 110-227

                                  The Frenzied Forex Front
March Yen

Resistance should appear near 9821 to 9837 and 9921 to 9937
Support
should appear near 9737 to 9706 and 9641 to 9625

March Euro Currency (EC)
Support
should appear at 13605 and 13460 to13340
Resistance should appear near 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 19460 to 19530

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

March Aussie Dollar
Support
should appear near  7689 to 7675 and 7601 to 7587 
Resistance should appear at the 7763 to 7777 and 7836 to 7864.

Precious Metals

February Gold
Resistance
should appear at 450.3 to 451.4   
Support is at  444.6 to  442.5 

March Copper
Support
should appear near 14210  to 14150   
Resistance
should appear near 14530 to 14590 and 14840 to 14960

March Silver
Support
should appear 700.5 to 699.0 and 683.5 to 680.5 
Resistance
is at   714.5 to 717 and 724.0 to 725.5 

                           The Exciting Energies


Feb Crude Oil
Resistance
should appear near 4238 to 4249 then 4304 to 4315 and the 4370 to 4381 region. 
Support
should appear near 4120 to 4110 and the 4056 to 4046 region. Below that a test of 3992 to 3982 is likely 

Feb Unleaded Gas 
Resistance should appear near  10960 to 11010 and 11300 to 11360  
Support should appear near 10680 to 10630 and 10580.. Below that a test of 10360 to 10320 is likely

Feb Heating Oil
Re
sistance should appear near  12320 to 12380 and 12680 to 12740
Support
should appear near 12030 to 11920 and 11690 to 11640

The Lively Livestock

February Cattle
Support
should appear near 9042 and the 8967 to 8932 region 
Resistance is at 9142 to 9157 and  9237

February Hogs
Support
should appear near 7342 to 7327 and 7257 to 7242 
Resistance
should appear near 7412 to 7432 and 7487 to 7512 

February Pork Bellies
Resistance
should appear near 9427 to 9447 and 9527 to 9542  
Support
is at 9337 to 9317 then 9237 and the 9157 to 9142 region

                                        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 

March Soybeans
Support
is at 543 to 541 3/4 and 535 3/4 to 534 1/2 
Resistance is at 549 1./2 to 550 1/2 and 555 1/2 to 557 3/4 

March 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 

March Soybean Oil
Resistance
should appear near 2170 to 2185 and 2219 to 2226
Support should appear near 2126 and 2088 to 2080

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 10360 to 10320 then 10140 to 10105 and 10035 to 10020
Resistance
should appear near 10580 to 10680 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  4380 to 4370 and 4250 to 4235
Resistance should appear near 4425 to 4445 and 4505 to 4515

- 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
Tuesday  December 28th  2004
2:30 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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