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Morning Comments Friday Sept 17th,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
Thursday Sept 16th, 2004
2:00 PM eastern time
The Frenzied Forex Front
Dec Yen
Recommended open position Short at 9087
Resistance should appear near 9237 and
9316to 9347
Support should appear near the 9156 to 9140 .
Dec
Euro Currency (EC)
Recommended Open Position Short
12149
Support should appear at 12175
and 12102
Resistance is at
the 12247 and 12320 to 12380
Dec Swiss Franc
Recommended Open Position Short 7899
Resistance
should appear near 7939 to 7954
Support should appear near 7864 to
7836
Dec
British Pound
Support should appear near 17740 and 17560
Resistance should appear near 17940
and 18080 to 18220
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 6919 to 6906
Resistance should appear at 6990 to
7003
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 1902 and 1865 to 1858
Resistance should appear near 1946 to 1953
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 113-07
and 113-22
Support is at 112022 and 112-07
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 2 at 12720 avg
Support should appear near 12740 to 12680.
Resistance should appear near 13030 to 13100. Beyond that sellers
should appear near 13340 to 13460
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
Resistance should
appear near 4425 to 4446 and 4503 to 4514
Support should appear near 4381 to 4370 and 4315 to 4304
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 12030 to 11920 and 11690 to 11640
The Lively Livestock
October Cattle
Recommended open Postion short at 8477
Support should appear near 8592 to 8562 and 8502 to 8482.
Resistance is at 8667 to 8682 and the 8762 to 8777 region
October Hogs
Support is at 6922 to 6907 and 6837 to 6807
Resistance is at 7072 to 7087 and 7142 to 7172
February Pork
Bellies
Resistance should appear near 9622 to 9642 and 9707 to 9737
Support is
at 9542 to 9527 and 9447 to 9422.
The Grande’ Grains
December Corn
Support should appear near 213 1/2 to 212 3/4 and 208 3/4 to 208
Resistance is at 217to
218 3/4 and 221
3/4 to 222 3/4
November Beans
Support
is at 555 1/4
then 550 1/2 to 549 3/4 and 543 to 541 3/4
Resistance is at 564
to 565 1/4 and 571 3/4 to
572 3/4
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 2219 to 2225 and 2267 to 2275
Support
should appear near 2185 to 2170 and 2134 to 2126
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 338 3/4 then 342 1/2 to 344
1/4 and 349 1/4 to 350 1/4
The
Satisfying Softs
December
Coffee
Support is near the 7690 to 7675 and 7605 to 7585.
Below that buyers should appear near 7780 to 7765 and 7690 to 7675 .
Resistance should appear near 7865 and 8025 to 8045
December Cocoa
Support is at 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 4715 to 4695 and 4650 to 4635
Resistance should appear near 4845
to 4855 and 4915 to 4930
- 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
Thursday Sept 16th
2004
3:00 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
Long Dec SP500 1123.90
Short 2 Dec Gold 401.2 avg
Short 2 Dec Copper 12720 avg
Short Oct Unleaded Gas 12305
Short Oct Cattle 8477
Long Dec Wheat 333
Short March Sugar 858