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FuturesCom Investment Publications
Morning Comments  Thursday Nov 17th , 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                                                                                                       
 


Wed Nov 16th  2005
3:00 PM  South Florida Beach Time

                                                                    The Sensational Stock and Bond Markets  

Dow Jones Industrial Average
Resistance should appear near 10,680.00 and 10,820.00
Support should appear near 10,630.00 to 10,580.00

Dec SP500
Recommended open position Long at 1203.10
Support  should appear near 1232.00 below that 1217.50 should hold  
Resistance should appear near 1235.00 to 1238.00  beyond that a test of 1253 is likely .. which now appears more likely than not to occur
Trade Accordingly  

Nasdaq Composite
Support should appear near 2185 to 2177.50 and  2170.00
Resistance should appear near the 2219.00 to 2226 region ..


Dec Mini Nasdaq 100
Recommended open position long 2 at 1627.80
Resistance should appear near the 1689 to 1696 region .
Support should appear near 1642 and 1628.50 

Dec Mini Russell 2000
Recommended Open Position Long 2 at 672.5
Support is at 650.90 to 648.30 .
Resistance should appear near 665.90 to 667.30 

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
Support is at  112-07 and 111-22
 

                              

                                     The Frenzied Forex Front

Dec  Yen
Recommended open Position Short at 8453
Resistance should appear near 8484 to 8499 and 8560 to 8589 
Support should appear near 8406 to 8391 and the 8314 to 8300 region
..

Dec  Euro Currency (EC)
Recommended open Position Short at 11970
Support should appear at  11690 to 11640 and 11500
Resistance should appear near 11805 and 11920 to 11975

Dec Swiss Franc
Recommended open position Short at 7685
Resistance should appear near 7587 to 7601 and 7675 to 7689   
Support should appear near 7513 to 7486 and 7428 to 7414
Trade Accordingly ..

December British Pound
Support should appear near 16960 to 16890
Resistance should appear near  17310 to 17380 .

Dec  Canadian Dollar
Resistance  should appear near 8391 to 8406
Support is at  8314 to 8300

Dec Aussie Dollar
Support should appear near 7255 to 7242 
Resistance should appear near 7328 to 7342
 

                                               Precious Metals
Dec Gold
Resistance should appear at 484.5 to 485.5
Support is at  478.5 to 477.5 . .

Dec Copper
Support should appear near 19090 to 19020 and 18650 to 18580 
Resistance should appear near 19460 to 19530and 19820 to 19960
Aggressive BW traders should go short if a close  under 18070 occurs

Dec Silver 
Support should appear near 795.5 to 793.5  and 786.5 to 783.5
Resistance is at 811 to 813.5 and 819.5 to 822.5

The Exciting Energies

 

Jan Crude Oil
Resistance should appear near 5855 to 5880 and 5945 to 5957
Support should appear near  5805 to 5792 and 5729 to 5716 

Dec Unleaded Gas 
Resistance should appear near 14840 to 14960 and 15290 to 15350
Support should appear near 14210 to 14150 and 13830 to 13770

Dec Heating Oil
Resistance should appear at 17310 to 17380 and 17740 to 17800
Support should appear near  16960 to 16890 and 16550 to 16420

The Lively Livestock  

Dec  Cattle
Support should appear near 9157 to 9142 and 9062 to 9042
Resistance is at 9237 and 9317 to 9347

Dec Hogs
Recommended open Position Short at 6162
Support is 6272 to 6257 and 6192 to 6162
Resistance is at  6337 to 6352 and 6417 to 6432

February Pork Bellies
Resistance should appear near 8932 to 8962 and 9042 to 9062
Support  is at 8777 to 8762 and 8682 to 8667 

 

                                       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 565 1/4 to 564

Dec Soymeal
Recommended open position Short at 169.5
Support should appear near 169.6 to 168.9   
Resistance should appear near 177.4 to 178.0

Dec  Soybean Oil
Recommended open position Short at 2248
Resistance should appear near 2267 to 2275 and 2315 to 2322 
Support should appear near 2219.and 2185 to 2170

Dec Corn
Resistance should appear near  194 3/4 to 195 1/4 
Support is at 190 3/4 to 190 1/4

Dec Wheat
Resistance should appear near 309 1/4 to 310 1/2 and 314 3/4 to 315 3/4 ..
Support should appear near 304 1/2 to 303 3/4 and 299 to 297 1/4                  

 

                                                      The Satisfying Softs  

March  ‘ The Monster ' Coffee
Recommended open position Long  at 10370
Support  should appear near 9935 to 9920 and 9835 to 9820
Resistance should appear near 10105 to 10135 and 10320 to 10360  

March Cocoa
Support is at  1346 to 1334, a slip under is negative and augurs for test of  1310 to 1304 .
Resistance is at 1376 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 1203 to 1192
Resistance should appear near 1232 to 1238


March Cotton
Support should appear near 5140 to 5125 and 5065 to 5055
Resistance should appear near 5345 to 5355 and 5415 to 5430.

                      
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 Nov 16th, 2005
3:55 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 11-16-2005
Long Dec SP500 1203.10
Long 2 Dec Mini Nasdaq 1627.80 avg
Long 2  Dec Mini Russell 672.50 avg
Short Dec Yen 8453
Short Dec EC 11970
Short Dec Swiss Francs 7685
Short Dec Hogs 6162
Short Jan Beans 585 1/4
Short Dec Soymeal 169.5
Short Dec Bean Oil 2248
Long March Coffee 10370