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FuturesCom Investment Publications
Morning Comments  Thursday Sept 16th,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

Wed  Sept 15th, 2004
1:00 PM eastern time 

Open BW Positions

                           The Frenzied Forex Front
Dec Yen
Recommended open position Short at 9087
Resistance should appear near 9140 to 9156 and 9237 
Support should appear near the 9060 to 9044 region. 

Dec Euro Currency (EC)
Recommended Open Position Short 12149
Support should appear at 12102 and 12030 to 11920 
Resistance is at  the 12175 and 12247

Dec Swiss Franc
Recommended Open Position Short 7899
 Resistance should appear near 7939 to 7954 
Support should appear near 7864 to 7836 
BW Traders should go short if a close under 7901 occurs

Dec British Pound
Support  should appear near 17380 to 17310   
Resistance should appear near 17740 to 17800 
BW Traders should go short if a close under 17505 occurs 

Dec Canadian Dollar
Recommended open Position Short 2 at 7686 avg
Support should appear near 7689 to 7675
Resistance is at 7763 to 7777 
 
Dec Aussie Dollar
Support should appear near 6836  to 6809 
Resistance should appear at  6906 to 6919 

                                      The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10320 to 10360 
Support should appear near10247 and 10185

Dec SP500
Recommended open position Long  at 1123.90
Resistance should appear near  the 1130.00  to 1136.00 region.  
Support should appear near 1115.50 and 1101.00 to 1096.00 
 
Nasdaq Composite
Support should appear near 1865 to 1858 
Resistance should appear near 1902 to 1909    

Dec Mini Nasdaq 100
Resistance is at 1453 to 1459 
Support is at 1421 to 1415

December 10 Year T-Note
 Resistance should appear near 112-22 and 113-07. 
Support is at 112-07 and 111-22

Precious Metals

December  Gold
Recommended Open Postion Short 2 at 401.2
Resistance should appear at 411 to 412  and 416.3 to 418.3 
Support is at 405.6 to 404.6 and 399.3 to 398.2

December Copper
Recommended open Position Short at 12420
Support should appear near 12680 and 12380 to 12320.   
Resistance should appear near 13030 to 13100. Beyond that sellers should appear near the 13340 to 13460 region. BW Traders can sell at 13020 for a turn lower and risk a close over 13510 for three days in a row.

Dec Silver
Support should appear 627 to 625.5 and 619.5 to 616.5 
Resistance is at 633.5 to 637.0 and 641.5 to 643

                             The Exciting Energies
Nov Crude Oil
 Recommended open Postion Short at 4415 
Resistance  should appear near 4370 to 4381 and 4425 to 4446
Support should appear near 4315 to 4304 and 4249 to 4238 

October Unleaded  Gas
Recommended open Postion short at 12305
Resistance should appear near 12320 to 12380 and 12500 
Support should appear near 12020 to 11920 and 11805

October Heating Oil
Resistance should appear near 12320 to 12380 and 12680 to 12740 .
Support should appear near 11920 and 11690 to 11640  

                                                  The Lively Livestock

October Cattle
 Recommended open Postion short at 8477
Support should appear near 8502 to 8482 and the 8407 to 8392 region. 
Resistance is at 8587 then 8667 to 8682 and the 8762 to 8777 region  

October Hogs
Support is at 6837 to 6807 and 6757 to 6742   
Resistance is at 6907 to 6922 and the 6987 to 7002 region 

February  Pork Bellies
Resistance should appear near 9522 to 9542 and 9622 tyo 9642
Support  is at 9447 to9422 and 9347 to 9317.

                                The Grande’ Grains

December Corn
Support should appear near 218 1/2 to 217 and 213 1/2 to 212 3/4 
Resistance  is at 221 3/4 to 222 3/4 and the 226 3/4 to 227 1/2 region                                       

November Beans
Support is at 565 1/4 to 564 and 557 3/4 to 555 1/4
Resistance is at 571 3/4 to 572 3/4 and 579 1/4 to 580 1/2 

December Soymeal
Recommended open Position Short  at 167.8
Support should appear near 165.5 to 164.2  and 161.5 to 160.9
Resistance should appear near 168.9 to 169.6 and 173.1 to 173.8 

December Soybean Oil
Recommended open Position Short at 2314
Resistance should appear near 2315 to 2322 and 2354 to 2370
Support should appear near 2275 to 2267 and 2225 to 2219 

December CBOT Wheat
Recommended open Position Long at 333
Support should appear near 332 3/4 to  331 3/4 and 327 to 326 1/4
 Resistance should appear near 337 3/4 to 338 3/4 and 342 1/2 to 344 1/4 


                             The Satisfying Softs

December  Coffee 
Recommended open Position Long at 7710
Support is near the 7690 to 7675 and 7605 to 7585. 
Below that buyers should appear near 7515 to 7585 and the 7430 to 7415 region.  
Resistance should appear near 7835 to 7865 and 8025 to 8045

December Cocoa 
Support is at  1459 to 1453 and 1421 o 1415  
Resistance is at 1484 to 1496 and 1529 to 1535 .

March Sugar
Recommended open Position Short at 858
Support should appear near  852 to 847 and  823 to 814   
Resistance should appear near 877 to 882 and 907 to 912 

December Cotton
Support should appear near 4995 to 4975 and 4855 to 4845 
Resistance should appear near 5125 to 5140 and 5255 to 5280 

- 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 Sept 15th  2004
2:00 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 9087
Short Dec EC 12149
Short December Swiss Franc 7899
Short 2 Dec Canadian Dollars 7686 avg
Long Dec SP500 1123.90
Short 2 Dec Gold 401.2 avg
Short Dec Copper 12420 
Short Nov Crude Oil 4415 
Short Oct Unleaded Gas 12305
Short Oct Cattle 8477 
Short Dec Soymeal 167.8
Short Dec  Bean Oil 2314
Long Dec  Wheat 333 
Long Dec Coffee 7710
Short March Sugar 858 

                                                                          Terms