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Morning Comments Thursday December 30th 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 29th 2004
1:45 PM Eastern time
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 9706 to 9737 and 9821 to 9837
Support should appear near 9641 to 9625 and 9542 to 9521
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 19020 and 18836
Resistance should appear near 19090 and 19276
March Canadian Dollar
Support should appear near 8223 to 8194 and 8134 to 8119
Resistance is at 8300 to 8314 and 8391 to 8406
March Aussie Dollar
Support should appear near 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 438.1 and 442.5 to 444.6
Support is at 431.5 to 430.4 and 418.3 to 416.3
March Copper
Support should appear near 14210 to 14150
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 690.5 to 6901.5 and 707.5 to 708.5
The Exciting Energies
Feb Crude Oil
Resistance should appear near 4370 to 4381 and the 4425 to 4446 region
Support should appear near 4249 to 4238 and 4120 to 4110
Feb Unleaded Gas
Resistance should appear near 11300 to 11360 and 11640 to 11690
Support should appear near 11010 to 10960 and 10680 to 10580.
Feb Heating Oil
Resistance should appear near 12680 to 12740 and 13040 to 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 8872 then 8937 to 8967 and 9042 to 9062
February Hogs
Support should appear near 7512 to 7487 and 7432 to 7412
Resistance should appear near 7587 to 7612 and 7672 to 7692
February Pork Bellies
Resistance should appear near 9542 and 9622 to 9642.. beyond that sellers should
appear near 9707 to 9737
Support is at 9447 t5o 9427 then 9337 to 9317 and 9237
The Grande’ Grains
March Corn
Support should appear near 199 3/4 to 198 1/4
Resistance is at 208 to 208 3/4.
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 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 299 to 297 1/4
Resistance should appear near 309 1/4 to 310 1/2
The Satisfying Softs
March ' The Monster ' Coffee
Support
is near 10680 to 10580 and 10360 to 10320
Resistance should appear near 10960 to 11010 and 11300 to 11360
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
Wed December 29th 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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