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Morning Comments Wed December 15th 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
Tuesday Dec 14th 2004
2:30 PM Eastern time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 10680 then 10750 and 10820
Support should appear near 10630 to 10580 and 10470
March SP500
Recommended open Position Long 2 at 1194.3 avg
Resistance should appear near 1217.5 and 1232.00 to 1238.00
Support should appear near 1203.00 to 1197.5 and 1192.00
Nasdaq Composite
Support should appear near 2134 to 2126
Resistance should appear near the 2170 to 2185 region.
March Mini Nasdaq 100
Recommended open position long at 1631.5
Resistance is at 1642 to 1655.
Support is at 1615 to 1609
March Mini Russell 2000
Recommended open position long 2 636.90 avg
Support is at 643,00 to 641.70 and 635 to 633.7
Resistance is at 648.3 to 650.9 and 657.70 to 659.10
March 10 Year T-Note
Resistance should appear near 112-22 and 113-07.
Support is at 112-07 and 111-22.
The Frenzied Forex Front
March Yen
Resistance should appear near 9625 to 9641 and 9706 to 9737.
Support should appear near 9526 and 9445 to 9429
March Euro Currency (EC)
Support should appear at 13100 to 13030
Resistance should appear near 13340 to 13460 and 1.3615
March Swiss Franc
Resistance should appear near 8762 to 8777.and 8856 to 8871
Support should appear near 8683 to 8668 and 8589 to 8560
March British Pound
Support should appear near 1.9090 to 1.9020 and 18870
Resistance should appear near 1.9276 and 19460 to 19530
March Canadian Dollar
Support should appear near 8044 to 8029 and 7954 to 7939
Resistance is at 8119 to 8134 and 8194 to 8223
March Aussie Dollar
Support should appear near 7486 and 7428 to 7414
Resistance should appear at 7587 to 7601 and the 7675 to 7689 region.
Precious Metals
February Gold
Resistance should appear at 442.5 to 444.6 and the 450.3 to 451.4 region
Support is at 437 and 431.5 to 430.4
March Copper
Support should appear near 134.60 to 133.40
Resistance should appear near the 137.70 to 138.30 region.
March Silver
Support should appear 667.5 to 665.5 and 651 to 648.5
Resistance is at 681 to 683.5 then 690.5 to 692.0 and 699.0 to 700.5
The Exciting Energies
Feb Crude Oil
Resistance should appear near 4249 then 4304 to 4315 and 4370 to 4381
Support should appear near 4183 to 4163 and 4120 to 4110 .
Feb Unleaded Gas
Resistance should appear near 11640 to 11690 and the 11920 to 12030 region ..
Support should appear near 11360 to 11300 and 11010 to 10960
Feb Heating Oil
Resistance should appear near 13340 to 13460 and 13770 to 13830
Support should appear near 12740 to 12680 and 12380 to 12320
The Lively Livestock
February Cattle
Support should appear near 8587 to 8562 and 8502 to 8482
Resistance is at 8667 to 8683 and 8762 to 8777 .
February Hogs
Support should appear near 7087 to 7072 and 7002 to 6987.
Resistance should appear near 7142 to 7172 then 7242 to 7257 and the 7327 to 7342 region..
February Pork Bellies
Resistance should appear near the 9822 to 9837and 9922 to 9937
Support is at 9737 to 9707 and 9642 to 9622.
The Grande’ Grains
March Corn
Support should appear near 204 1/4 to 203 1/2 and 199 3/4 to 198 1/4
Resistance is at 208 to 208 3/4.. Beyond that sellers should appear near 212 3/4 to 213 1/2
January Soybeans
Support is at 543 to 541 3/4 and 535 3/4 to 534 1/2
Resistance is at 550 1/2 and the 555 1/2 to 557 3/4 region.
January Soymeal
Support should appear near 164.2 and 161.5 to 160.9 1
Resistance should appear near 168.9 to 169.6 and 173.1 to 173.8
January Soybean Oil
Resistance should appear near 2080 to 2089 and 2126 to 2134
Support should appear near 2042 to 2034 and 1996 to 1982
March CBOT Wheat
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 1/2
The Satisfying Softs
March Coffee
Recommended open position long at 9750
Support is near 9345 to 9315.. Below that buyers should appear near 9235 and the 9155 to 9140 region.
Resistance should appear near 9425 to 9445 and 9525 to 9545
BW Traders should go long if a close over 9845 occurs
May Coffee
Recommended open position Long at 10010
March Cocoa
Support is at 1576 to 1569 and 1535 to 1529.
Resistance is at 1609 to 1615 and 1642 to 1655
March Sugar
Support should appear near 852 to 847
Resistance should appear near 877 to 882
March Cotton
Support should appear near 4250 to 4235 and 4185 to 4165 .
Resistance should appear near 4305 to 4315 then 4370 to 4380 and 4425 to 4445.
- 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
Tuesday December 14th, 2004
3:45 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.
FuturesCom Investment Publications Copyright@1996-2004 all rights reserved Terms
Recommended Open Positions
Long 2 March SP500 at 1194.30 avg
Long March Mini Nasdaq 1631.50
Long 2 March Mini Russell 636.90 avg
Long March Coffee 9750
Long May Coffee 10010