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FuturesCom Investment Publications
Morning Comments Monday October 31st 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 

                                                                                                                                                                                                       

Courage in a Speculator is merely confidence to act on the decision of  his mind

 

 

Saturday Oct 29  2005
8:00 AM  South Florida Beach Time

                         The Sensational Stock and Bond Markets  

Dow Jones Industrial Average
Resistance should appear near 10470.00..A close over is friendly and augurs for an eventual  test of 10580.00 to 10630.00
Support remains near the 10360.00 to 10320.00 region

Dec SP500
Recommended open position Long 2 at 1219.10 avg
Support should appear near 1192.00 and 1180.50
Nearby Resistance should appear 1203.00 , beyond that an eventual test of 1217.50 is likely..

Trade Accordingly

Nasdaq Composite
Support should appear near 2080.00 and 2061.00
Resistance should appear near 2107.00 and 2126.00 to 2134.00 region   .

Dec Mini Nasdaq 100
Recommended open position long 2 at 1596.avg
Resistance should appear near the 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 avg
Support is at 635.00 to 633.70 and 627.00 to 625.70
Resistance should appear near 641.70  to 643.00  

December 10 Year T-Note  
Resistance should appear near 108-21 and 109-07   
Support  at 108-07 and 107-21

December 30 Yr   T-Bond
Resistance should appear near 112-07 and 112-21 
Support  is at 111-21 and 111-07                                            

                                     The Frenzied Forex Front

Dec  Yen
Resistance should appear near 8762 to 8777 and the 8856 to 8871 region.
Support should appear near the 8683 to 8668 an extended trade under augurs for a test of  8589 to 8560 ..
BW Traders should go short if a close under 8667 occurs..

Stay tuned for Flashes and Updates..

Dec  Euro Currency (EC)
Recommended open Position Short at 12174
Support should appear at 12030 to 11975 and 119.20
Resistance should appear near 12107 and 12175
BW Traders should go short if a close under 11974 occurs..

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  
BW Traders should go short if a close under 7763 occurs.

December British Pound
Recommended open position Short at  17435
Support should appear near 17560 and the 17310 to 17380 region
Resistance should appear near 17740 to 17800 and 17940

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

Dec Aussie Dollar
Recommended open position short at 7485
Support should appear near 7428 to 7414     
Resistance should appear near 7486 to 7513

                                                Precious Metals
Dec Gold
Resistance should appear at 477.5 to 478.5  
Support is at 471.7 to 469.5 

Dec Copper
Support should appear near 18080 and 17800 to 17740
Resistance should appear near 18220 and the 18580 to 18650 region

Dec Silver 
Support should appear near 777.5 to 776.0 and 751.5 to 748.5
Resistance is at 793.5 to 795.5 and 802.5 to 804.5

                                         The Exciting Energies

Dec Crude Oil
Resistance should appear near 6165 to 6190 and 6257 to 6270
Support should appear near 6035 to 6023 and 5880 to 5855 

Dec Unleaded Gas 
Resistance should appear near 16890 to 16960 and 17310 to 17380
Support should appear near 16550 to 16420 and 15780 to 15690 

Dec Heating Oil
Resistance should appear at 19020 to 19090 and 19460 to 19530
Support should appear near  18650 to 18580 region

 

                                                             The Lively Livestock  

Dec  Cattle
Recommended open position short at 9137
Resistance  should appear near 9137 to 9157 and the 9317 to 9347 region  
Support is at 9062 to 9042 and 8967 to 8937

Dec Hogs
Recommended open position short at 6162
Support is 6037 to 6022 and 5957 to 5942  
Resistance is at 6102 to 6112 and 6162 to 6192  

February Pork Bellies
Resistance should appear near 9042 to 9062 and 9137 to 9157    
Support  is at 8872 to 8857 and 8777 to 8762

                                                 The Grande’ Grains

January Soybeans
Recommended open position short at 585 1/4
Resistance at 579 1/4 to 580 1/2 and 585 1/2 to 588
Support should appear near 572 3/4 to 571 3/4 and the 565 1/4 to 564 region.    
 

Dec Soymeal
Recommended Open Position Short at 169.5
Support should appear near 165.5 to 164.2 and 161.5 to 160.9
Resistance should appear near 164.2 to 165.5 and 173.1 to 173.8.

Dec  Soybean Oil
Resistance should appear near 2354 to 2370 and 2411 to 2419...BW  Traders can sell at 2409 and hold for lower prices.
 Support should appear near 2322 to 2315.and 2275 to 2267

Dec Corn
Resistance should appear near 198 1/4 to 199 3/4 and 203 1/2 to 204 1/4
Support is at 195 1/4 to 194 3/4 and 190 3/4 to 190 1/4

Dec Wheat
Recommended Open position long 2 at 327 1/4 avg
Resistance should appear near 319 1/2 to 321 1/4 and 326 3/4 to 327
Support should appear near 315 3/4 to 314 1/2 310 1/4 to 309 1/4  
   
            

                                                           The Satisfying Softs  
Dec 'The Monster' Coffee
Recommended open position Long at 9880
Support  should appear near 9735 to 9705 and the 9640 to 9625 region.
Resistance should appear near 9920 to 9935 and 10025 to 10035

Dec Cocoa
Recommended Open Position Short at 1376
Support is at 1376 and 1346 to 1334. 
Resistance is at 1415 to 1421 and 1453 to 1459.  

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

Dec Cotton
Support should appear near 5140 to 51254 and the 5065 to 5055 region  
Resistance should appear near 5255 to 5285 and 5345 to 5355

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
Saturday October 29th , 2005
9:15 AM  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 10-29-2005
Long 2 Dec SP500 1219.10 avg
Long 2  Dec  Mini Nasdaq 1596 avg
Long 2  Dec Mini Russell 672.50 avg
Short Dec EC 12174
Short Dec Swiss Francs 7937
Short Dec British Pounds 17435
Short Dec Aussie Dollars 7485
Short Dec Cattle 9137
Short Dec Hogs 6162
Short Jan Beans 585 1/4
Short Dec Soymeal 169.5
Long 2 Dec Wheat 327 1/4 avg
Short Dec Cocoa 1376
Long Dec Coffee 9880