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FuturesCom Investment Publications
Morning Comments  Friday October 21st, 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 

 
Thur Oct 20th  2005
8:00 PM Eastern Time
 

                           The Sensational Stock and Bond Markets  

Our long term View on US Equities remains intact , traders should maintain a Bullish trading posture,  the weakness exhibited now should be viewed simply as a buying chance as this is not the time to cut and run.. 
 

Dow Jones Industrial Average
Resistance should appear near 10,320 to 10,360  
Support should appear near 10,185.00   .

Dec SP500
Recommended open position Long 2 at 1219.10
Support should appear near  1169.00 to 1164.00
Resistance should appear near 1180.50  and 1192.00 to 1203.00

Nasdaq Composite
Support should appear near 2042.00 to 2034.00 
Resistance should appear near the 2080.00 to 2089.00   

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  619.00 to 616.50   
Resistance should appear near  633.70 to 635.00     

December 10 Year T-Note  
Resistance should appear near 109-21 and 110-07
Support  at  109-07 and 108-21
.
December 30 Yr   T-Bond 
Resistance should appear near 113-07 and 113-21  
Support is at 112-21 and 112-07                                                              

                                      
                                                                The Frenzied Forex Front

Dec  Yen
Resistance should appear near 8762 to 8777
Support should appear near 8683 to 8668

Dec  Euro Currency (EC)
Recommended open Position Short at 12174
Support should appear at  12030 to 11975, a slip under augurs for a test of 11920. 
Resistance should appear near 12107 to 12175 and the 12320 to 12360 region  

Dec Swiss Franc
Recommended open position Short at 7937
Resistance should appear near 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 17560 and the 17380 to 17310.region.. Below that we see an eventual test under 17000.
Resistance should appear near 17810...and 17940.. Beyond that sellers should appear near the 18080 to 18220
BW Traders can sell at 18072 and Risk a close over 18236 for three days in a row....

Dec  Canadian Dollar
Resistance  should appear near 8560 to 8589
Support is at 8499 to 8484

Dec Aussie Dollar
Support should appear near 7513 to 7484
Resistance should appear near 7587 to 7601


                                                Precious Metals
Dec Gold
Resistance should appear at  469.5 to 471.7
Support is at 458.2 to 457.1 region

Dec Copper
Support should appear near 17380 to 17310 and the 16960 to 16890  
Resistance should appear near 18080 to 18220 and 18580 to 18650

Dec Silver 
Support should appear near  760.5 to 768.5 and the 751.5 to 748.5 region.
Resistance is at  776.5 to 777.5 and 783.5 to 786.5   
.  

The Exciting Energies

Dec Crude Oil
Resistance should appear near 6023 to 6035 and 6101 to 6113  
Support should appear near 5957 to 5945 and the 5880 to 5855 region

Nov Unleaded Gas 
Resistance should appear near 16420 to 16550 and 16890 to 16960  
Support should appear near 16150 to 16090 , a slip under augurs for a test of 15760 to 15690 

Nov Heating Oil
Resistance should appear at 19020 to 19090 and 19460 to 19530
Support should appear near 18220 to 18080 and 17800 to 17740   

The Lively Livestock  

Dec  Cattle
Support should appear near 8968 to 8937 and 8872 to 8857
Resistance is at 9062 and 9142 to 9157 

Dec Hogs
Support is at to 5957 to 5942 and the 5882 to 5852 region
Resistance is at  6037 and 6102 to 6112   .

February Pork Bellies
Resistance should appear near 8762 to 8777 and 8857 to 8872  
Support should appear near 8682 to 8667 and the 8592 to 8562 region

                                                 The Grande’ Grains

November Soybeans
Resistance at 585 1/2 to 588 and 594 1/2 to 595 3/4
Support should appear near 572 3/4 to 571 3/4 and the 565 1/2 to 564 region

Dec Soymeal
Support should appear near 169.6 to 168.9 and 165.5 to164.2
Resistance should appear near  173.1 to 173.8 and 177.4 to 178.0

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

Dec Corn
Resistance should appear near 203 1/2 to 204 1/4
Support is at 199 3/4 to 198 1/4..

Dec Wheat
Recommended open position Long at 333 1/4
Resistance should appear near 332 3/4 and 337 3/4 to 338 3/4
Support should appear near 327 to 326 1/4 and the 321 1/4 t 319 1/2 region..
BW Traders can buy at 321 1/4 for a good bounce and risk a close under 314 1/4 for three days in a row

Trade Accordingly and stay tuned for Updates..            

                                                          The Satisfying Softs  
Dec 'The Monster' Coffee
Support  should appear near 10360 to 10320 and the 10135 to 10105 region .
Below that 1035 to 10020 should hold..
Resistance should appear near 10580 to 10680 and 10820  

Dec Cocoa
Support is at 1346 to 1334
Resistance is at 1377 to 1383 

March  Sugar
Support should appear near 1136 to 1130 
Resistance should appear near 1164 to 1169 

Dec Cotton
Support should appear near 5285 to 5255 and the 5210 to 5200 region
Resistance should appear near 5345 to 5355 and 5415 to 5430 .
Trade Accordingly

 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
Thursday October 20th , 2005
9:45 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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BW Recommended Open Positions 10-20-2005
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
Long December Wheat 333 1/4