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FuturesCom Investment Publications
Morning Comments Tuesday Oct 5th 2004
 Serving Professional and Individual Traders World Wide since 1988
7690 Rockport Circle ,  Lake Worth ,  Florida 33467 -  USA and Canada Toll Free : 1-866-409-3890 -  Intl : 1- 561-433-2995  http://www.futurescom.com

Monday October 4th  2004
2:15 PM  Eastern time   

Open BW Positions
                         

                                   The Frenzied Forex Front


Dec Yen
Recommended open Postion short at 9057
Resistance  should appear near 9100 then 9140 to 9156 and 9237. BW Traders can sell at  9132 and risk a close over 9242 for three days in a row.  
Support should appear near 9044, a close under augurs for a test of 8964 to 8934

Dec Euro Currency (EC)
Recommended Open Position Short 2 at 12155 avg
Support should appear at  12247 and  12175
Resistance is at 12320 to 12350 and 12380 

Dec Swiss Franc
Recommended open Position Short 2 at 7944 avg
Resistance should appear near 7939 to 7954 and 8029 to 8044
Support should appear near 7864 to 7836 and 7777 to 7763

Dec British Pound
Recommended open Position Short at 17732
Support  should appear near 17562  and 17380 to 17310  
Resistance should appear near 17740 to 17800 and 17962 

Dec Canadian Dollar
Recommended open Position Short at 7762
Resistance  should appear near 7939 to 7954
Support is at 7834 and 7777 to 7763.

Dec Aussie Dollar
Support should appear near  7170 to7143
Resistance should appear at 7242 to 7255                     

                                      The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10320 to 10360 and 10470
Support should appear near 10185 and the 10136 to 10104 region.

December SP500
Recommended open position Long at 1123.90
Resistance should appear near  1150.00 and 1164.00 to 1169.00
Support should appear near  1136.00 to 1133.00 to 1130.00

Traders should stay tuned for BW Updates and Flashes
 
Nasdaq Composite
Support should appear near 1953 to 1946 and 1909 to 1902
Resistance should appear near 1984 to 1996

Dec Mini Nasdaq 100
Resistance is at  1484 to 1496
Support is at  1459 to 1453 

December 10 Year T-Note
Resistance should appear near 112-07 and 112-22.. Above that 113-07 and 113-22 should rallies   
Support is at 111-22.and 111-07 ..below that 110-22 and 110-07 should hold.

Precious Metals

December  Gold
Recommended Open Postion Short 3 at 404.4 avg
Resistance should appear at 416.3 to 418.3
Support is at 412 to 411

December Copper
Recommended open Position Short at 130.20
Support should appear near 13460 to 13340 and the 12740 to 12680 region.   
Resistance should appear near 14150 to 14210 and 14530 to 14590 

Dec Silver
Support should appear near 667.5 to 665.5. and 659.5 to 657.5 
Resistance is at the 680.5 to 683.5 and 690.5 to 691.5

                                The Exciting Energies
Nov Crude Oil
Resistance  should appear near 5056 to 5067 and 5127 to 5139
Support should appear near 4973 and 4926 to 4915 

Nov Unleaded  Gas
Recommended open Position Short 2 at 12925 avg
Resistance should appear near 13770 to 13830 
Support should appear near 13340 and 13100 to 13040 .

Nov Heating Oil
Resistance should appear near 14150 to 14210 and 14840  to 14960
Support should appear near 13770 and 13460 to 13340

                                                          The Lively Livestock

December Cattle
Recommended open position short at 8697
Support should appear near and 8777 to 8762.  A close under augurs for a test of  the 8587 to 8557 region.   
Resistance is at 8857 to 8872 and 8932 to 8967

December  Hogs
Recommended open position short  at 6680
Support is at 6672 to 6657 and the 6592 to 6577 region.
Below that buyers should appear  near 6512 to 6482 
Resistance is at 6742 to 6757 and 6807 to 6837

February  Pork Bellies
Resistance should appear near  to 9737 then 9822 to 9837 and  9922 to 9937.
 BW Traders can sell at 9917 and hold for lower prices
Support  is .9642 to 9627 and 9542 to 9527 
                       

                             --Stay tuned for BW updates and Flashes in the Livestock complex --

                               The Grande’ Grains

December Corn
Support should appear near 199 3/4 to 198 1/4..Below that a test of 195 1/4 to 194 3/4 likely.
Resistance  is at  203 1/2 to 204 1/4 and 208 to 208 3/4

November Beans
Recommended open Postion short at 525 1/2
Support is at 521 1/2 to 520 1/4  region. .. A close under augurs for a test of 513 3/4to 512 3/4
Resistance is at 528 1/4 and 534 1/2 to 535 3/4

December Soymeal
Recommended open Postion short at 159.5
Support should appear near  157.6 to 156.9.  A close under augurs for a test of 153.5 to 152.9
Resistance should appear near  the 160.9 to 161.5 and 164.2 to 165.5 

December Soybean Oil
Resistance should appear near 2126 to 2134 and 2170 to 2185 . Beyond that sellers should appear near 2219 to 2226. BW Traders can sell at 2212 and risk a close over  2329 for three days in a row. 
Support should appear near 2089 to 2080,  a close under augurs for a test of  2042 to 2034 BW Traders should go short if a close under 2077 occurs.

December CBOT Wheat
Recommended open Position Long 2 at 330 1/2
Support should appear near 299 to 297 1/4 and 293 3/4 to 292 3/4
Resistance  should appear near 303 3/4 to 304 1/2 and  309 1/4 to 310 1/4

BW Traders should go long if a close over  304 3/4 occurs.
 

                                   The Satisfying Softs
December  Coffee 
Recommended open Postion long at 7860
Support is near the  7605 to 7585 region. and 7515 to 7485.
Resistance should appear near the 7675 to 7690 and 7765 to 7775 

BW Traders should go long if a close over 8045 occurs.

December Cocoa 
Support is at 1421 to 1415 and the 1383 to 1377 region
Resistance is at 1453 to 1459 and 1484 to 1496 

March Sugar
Recommended open Position Short at 858
Support should appear near 882 to 877
Resistance should appear near 907 to 912  

December Cotton
Support should appear near 4650 to 4635 and the 4585 to 4570 region. 
Resistance should appear near 4775 to 4785 and 4845 to 4855.  

- 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 October 4th 2004
3:15 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@1996-2004 all rights reserved                                
Recommended Open BW  Positions
Short Dec Yen 8057
Short 2  Dec EC 12155 avg
Short 2  December Swiss Franc 7944 avg
Short Dec Canadian Dollar 7762
Short December British Pounds 17732 
Long Dec SP500 1123.90
Short 3 Dec Gold 404.4 avg
Short Dec Copper 130.20 
Short  2 Nov Unleaded Gas 12925 avg 
Short Dec Cattle 8697 
Short December Hogs 6680
Short Nov Beans 525 1/2
Short December Soymeal 159.5
Long 2  Dec Wheat 330 1/2 avg 
Long Dec Coffee 7860 
Short March Sugar 858 

                                                                          Terms