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FuturesCom Investment Publications
Morning Comments Tuesday Nov 8th , 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 

Monday Nov 7th  2005
2:00 PM  South Florida Beach Time

                                                                    The Sensational Stock and Bond Markets  

Dow Jones Industrial Average
Resistance should appear near the 10,580.00 to 10,680.00 region
Support should appear near  10,470 and the 10,360 to 10,320 region.

Dec SP500
Recommended open position Long 2 at 1219.10
Support  remains at  1217.50  and 1203.00 to 1192.00 
Resistance should appear near 1232.00 to 1238.00 ,  a close over is friendly and augurs for an eventual  test of 1253.00.   

Nasdaq Composite
Support should appear near 2134 to 2126 and 2089 to 2080.00..
Resistance should appear near  2170 to 2185, an extended trade  or close over augurs for an eventual test of  2219 to 2226 region .. Which now appears  to be more likely than not..
Trade Accordingly

Dec Mini Nasdaq 100
Recommended open position long at 1598.50
Resistance should appear near the 1642.00 to 1655.00 region Beyond that a trade towards the 1689 to 1696 region is likely..
Support should appear near  1615 to 1609 and 1592.5 .. Below that 1576 to 1569 should hold.. 
BW  Traders can buy at 1593.00 for a good turn higher and risk a close under  1567 for three days in a row.
Aggressive  BW Traders should go long if a close over  1657 occurs

Dec Mini Russell 2000
Recommended Open Position Long 2 at 672.5
Support is at 659.10 to 657 and the 650.90 to 648.30 region ..
Resistance should appear near 665.90 to 667.30., a close over is friendly and augurs for a test of 674.40 to 675.50

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

December 30 Yr   T-Bond
Resistance should appear near 111-07 and 111-21
Support is at 110-21 and 110-07
 

                              

                                     The Frenzied Forex Front

Dec  Yen
Resistance should appear near 8560 to 8589 , Beyond that sellers should appear near  8667 to 8683 region .
BW .Traders can sell at 8662 for a turn lower and risk a close over 8691 for three days in a  row..
Support should appear near 8499 to 8484 .. below that a test of 8406 to 8391 and the 8314 to 8300 region is likely..   
BW Traders should go short if a close under 8481 occurs..

Dec  Euro Currency (EC)
Recommended open Position Short at 11970
Support should appear at 11805. and  the 11690 to 11640 region.
Resistance should appear near 11920 to 11975 and 12030

Dec Swiss Franc
Recommended open position Short 2 at 7811 avg
Resistance should appear near 7763 to 7777 and 7836 to 7864  
Nearby Support should appear near 7601 to 7587 and the 7513 to 7486 region 
Trade Accordingly ..

December British Pound
Recommended open position Short at  17435
Support should appear near 17380 to 17310
Resistance should appear near 17740 to 17800

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

Dec Aussie Dollar
Support should appear near 7255 to 7242 and the 7170 to 7143 region ..    
Resistance should appear near 7328 to 7342 and the 7414 to 7428 region .BW  Traders can sell at 7412 and  hold for lower prices.

                                                Precious Metals
Dec Gold
Resistance should appear at 463.9 to 465.0 and the 469.5 to 471.7 region
Support is at  458.2 to 457.1 and the 451.4 to 450.3 region..

Dec Copper
Support should appear near 18220 to 18080, a close under augurs for a test of 17800 to 17740 
Resistance should appear near 18580 to 18650 region.. Beyond that sellers should appear near 19020 to 19090
Aggressive BW traders should go short if a close  under 180.70 occurs

Dec Silver 
Support should appear near 751.5 to 748.5 and  742.5 to 741.5..  Below that buyers should appear near the 734.5 to 732.5  region
Resistance is at  767.5 to 768.5 and the 776.0 to 777.5 783.0 region

The Exciting Energies

Dec Crude Oil
Resistance should appear near  6023 to 6035 and 6101 to 6113 
Support should appear near 5880 to 5855 and the  5729 to 5716  region...

Dec Unleaded Gas 
Resistance should appear near 16090 to 16150 and the  16420 to 16550 region .. Beyond that sellers should appear near 16890 to 16960  which should cap a rally ..
Support should appear near 15350 to 15290 and 14960 to 14840.. which should contain a decline for a bit..

Dec Heating Oil
Resistance should appear at  18580 to 18650 and 19020 to 19090 
Support should appear near  17800 to 17740 and the 17380 to 17310 region .

The Lively Livestock  

Dec  Cattle
Support should appear near 9157 to 9137 and the 9062 to 9042 region  .
Resistance is at 9237 then 9317 to 9347 and the 9427 to 9447 region 

Dec Hogs
Recommended open Position Short at 6162
Support is 6272 to 6257 and 6192 to 6162
Resistance is at  6417 to 6432  and the 6577 to 6592 region 
Trade Accordingly

February Pork Bellies
Recommended open position Short at 9137
Resistance should appear near 9142 to 9157 region.. Beyond that sellers should appear near 9237 and the  9317 to 9347 region   
Support  is at  9062 to 9042 and 8967 to 8937

                                       The Grande’ Grains

January Soybeans
Recommended open position Short at 585 1/4
Resistance at  585 1/2 to 588 and 595 1/2 to 595 3/4 
Support should appear near  580 1/2 to 579 3/4 and 572 3/4 to 571 3/4 

Dec Soymeal
Recommended open position Short at 169.5
Support should appear near  173.1 and the 169.5 to 168.9 region 
Resistance should appear near 177.4 to 178.0 and 180.8 to 182.2

Dec  Soybean Oil
Resistance should appear near 2315 to 2322 and 2354 to 2370 ,
Support should appear near  2267  A close under is negative and augurs for a test of 2226 to 2219.and eventually the 2185 to 2170 region.  BW Traders should go short if a close under 2264 occurs..

Dec Corn
Resistance should appear near 194 3/4 to 195 1/4 and 198 1/4 to 199 3/4
Support is at  190 3/4 to 190 1/4  and 186 1/2 to 185 3/4
Trade accordingly ...

Dec Wheat
Resistance should appear near 314 3/4 to 315 3/4  and the 319 1/2 to 321 1/4 region ..
Support should appear near 304 1/2 to 303 1/4.. Below that support  should appear near 299 to 297 1/4                  

                                                      The Satisfying Softs  

March  ‘ The Monster ' Coffee
Support  should appear near 10580 then 10470 and the 10360 to 10320 region 
BW Traders can buy at  10370  for a bounce and hold  for higher prices..   Below that 10135 to 10105 should contain a decline for a bit..
Resistance should appear near 10820 and the 10960 to 11010  region...

March Cocoa
Support is at 1346 to 1334, a slip under is negative and augurs for test of  1310 to 1304 . Below that a  trade to 1274 to 1268 is likely.
Resistance is at 1`376 to  1383 and the 1415 to 1421 region BW .Traders can sell at 1414 and hold for lower prices.  

March  Sugar
Support should appear near 1136 to 1130  and 1101 to 1096
Resistance should appear near 1164 to 1169 and 1192 to 1203.
Trade Accordingly .

March Cotton
Support should appear near 5355 to 5345 and 5285 to 5255
Resistance should appear near 5490 to 5505 and  5555 to 5580..

                      
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
Monday Nov 7th, 2005
4:30 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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BW Recommended Open Positions 11-7-2005
Long 2 Dec SP500 1219.10
Long Dec Mini Nasdaq 1598.50
Long 2  Dec Mini Russell 672.50
Short Dec EC 11970
Short 2  Dec Swiss Francs 7811 avg
Short Dec British Pounds 17435
Short Dec Hogs 6162
Short Feb Port Bellies 9137
Short Jan Beans 585 1/4
Short Dec Soymeal 169.5