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 FuturesCom Investment Publications
Morning Comments Friday October 14th, 2005
 Serving Professional and Individual Traders World Wide since 1988
1650 SW Malmo Rd , Port St. Lucie ,  Florida 34953 -  USA and Canada Toll Free : 1-866-409-3890 -  Intl : 1- 772-621-4234  http://www.futurescom.com 

 

"Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable - ranks high. 
There are certain chances that the most prudent man is justified in taking - chances that he must take 
if he wishes to be more than a mercantile mollusk--"- Reminiscences of a Stock operator. -

 

Friday Oct 14th  2005
4:00 AM   Eastern Time    

                           The Sensational Stock and Bond Markets  

 

Dow Jones Industrial Average
Resistance should appear near 10,320.00 to 10,360.00, a close over is friendly and augurs for a test of 10,470.00 
Support should appear near 10,185.00...Below that buyers should appear near the 10,136.00 to 10,104.00 region  .

Dec SP500
Recommended open position Long 2 at 1219.10
Support should appear near the 1169.00 to 1164.00 region
Resistance should appear near 1192.00 to 1203.00. 

Nasdaq Composite
Support should appear near 2042 to 2034.00 and the 1996.00 to 1989.00 region 
Resistance should appear near  the 2080 to 2089.00 region  
Trade Accordingly

Dec Mini Nasdaq 100
Recommended open position long at 1593.00
Resistance should appear near 1569.00 to 1576.00 .
Support should appear near 1535.00 to 1529.00  
  
Dec Mini Russell 2000
Recommended Open Position Long 2 at 672.5
Support is at 619 to 616.5 and 611.3 to 610.1 
Resistance should appear near  633.7 to 635  and 641.70 to 643.00.   

December 10 Year T-Note  
Resistance should appear near 109-07 and 109-21 
Support  at  108-21 and 108-07
.
December 30 Yr   T-Bond 
Resistance should appear near 113-07 and 113-21.. Beyond that 114-07 should cap a rally.  
Support is at 112-21 and 112-07, below that 111-21 should hold                                                                

                                      
                                                                The Frenzied Forex Front

Dec  Yen
Resistance should appear near 8856 to 8871 and the 8964 to 8934 region.
Support should appear near the 8777  to 8762 region. Below that buyers should appear near 8683 to 8668 and contain a decline ..
Trade accordingly .

Dec  Euro Currency (EC)
Recommended open Position Short at 12174
Support should appear at 12030 and  11975 to 11920. 
Resistance should appear near 12175.and 12247 

Dec Swiss Franc
Recommended open position Short at 7937
Resistance should appear near 7836 to 7864 and  the 7939 to 7954 region.
Support should appear near 7777 to 7763 .. Below that a test of 7689 to 7675 is likely. .  

December British Pound
Recommended open position short at 17435
Support should appear near 17380 to 17310.
Resistance should appear near 17560 and 17740 to 17810 and 17940.

Dec  Canadian Dollar
Resistance  should appear near 8484 to 8499 and 8560 to 8589
Support is at 8406 to 8391 the 8314 to 8300 region..

Dec Aussie Dollar
 Support should appear near 7428 to 7414    
Resistance should appear near 7513 and 7587 to 7601 


                                                Precious Metals
Dec Gold
Resistance should appear at 477.5 to 478.5 and 484.5 to 486.6
Support is at  471.7 to 469.5 and 465.0 to 463.9

Dec Copper
 Recommended open Position Short at 18070
Support should appear near 17380 to 17310 region     
Resistance should appear near 17740 to 17800 and 18080 to 18220

Dec Silver 
Support should appear near 760.5 to 758.5 and 742.5 to 741.5
Resistance is at 776.5 to 777.5 and  783.5 to 786.5 
.

 

The Exciting Energies

Nov Crude Oil
Resistance should appear near 6337 to 6350  and 6417 to 6430 
Support should appear near 6190 to 6165 and the 6113 to 6101 region

Nov Unleaded Gas 
Resistance should appear near 17740 to 17800 and 18080 to 18220 
Support should appear near 17380 to 17310 and the 16960 to 16890 region 

Nov Heating Oil
Resistance should appear at 19820 to 19960 and 20340 to 20420.
Support should appear near 19530 to 19460 and 18650 to 18580 ..

The Lively Livestock  

Dec  Cattle
Support should appear near 9157 to 9142 and 9062 to 9042 ..
Resistance is at 9317 to 9347 and 9427 to 9447 

Dec Hogs
Support is at  6192 to 6162 and the 6112 to 6102 region  
Resistance is at  6257 to 6272 and the 6337 to 6352 region  .

February Pork Bellies
Resistance should appear near 9042 to 9062 and 9142 to 9157   
Support should appear near 8872 to 8857 and 8777 to 8762 

                                         

                                                 The Grande’ Grains

November Soybeans
Resistance at 594 1/2 to 595 3/4 and the 602 1/4 to 603 1/2 region 
Support should appear near 580 1/2 to 579 1/4 and the 572 3/4 to 571 3/4 region.

Dec Soymeal
Support should appear near  173.8 to 173.and 169.6 to 168.9 
Resistance should appear near  177.4 to 178.0 and 180.8 to 182.2 

Dec  Soybean Oil
Resistance should appear near 2411 to 2419 and  2461 to 2469  
Support should appear near 2370 to 2354 and 2322 to 2315

Dec Corn
Resistance should appear near 208 to 208 3/4 and the 212 3/4 to 213 1/2 region 
Support is at  203 1/2 and 199 3/4 to 198 1/4..

Dec Wheat
Resistance should appear near 349 1/4 to 350 1/4.and the 355 1/4 to 356 1/4 region 
Support should appear near 338 3/4 to 337 3/4 and the 332 3/4 to 331 3/4 region.
BW .Traders can buy at 333 1/4 and hold for higher prices  

Trade Accordingly and stay tuned for Updates..            

 

                                                          The Satisfying Softs  
Dec 'The Monster' Coffee
Recommended open position long at 9260
Support  should appear near 10035 to 10020 and the 9935 to 9920 region .. 
Under that buyers should appear near the 9735 to 9705 region .
Resistance should appear near 10135. and the 10320 to 10360 region... 

Dec Cocoa
Support is at 1346 to 1334 and 1310 to 1304 .
Resistance is at  1377 to 1383 and 1415 to 1421

March  Sugar
Support should appear near 1169 to 1164..
Resistance should appear near 1192 to 1203

Dec Cotton
Support should appear near 5580 to 5555 and the 5505 to 5490 region. 
Resistance should appear near 5640 to 5655 and the 5715 to 5730 region.

 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
Wed October 12th , 2005
5:30 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.
FuturesCom Investment Publications © copyright 1996 – 2005 all rights reserved Terms

BW Recommended Open Positions 10-13-2005
Long 2 Dec SP500 1219.10
Long Dec  Mini Nasdaq 1593 
Long 2  Dec Mini Russell 672.50
Short Dec EC 12174
Short Dec Swiss Francs 7937
Short Dec British Pounds 17435
Short Dec Copper 180.70
Long Dec Coffee 9260