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FuturesCom Investment Publications
Morning Comments  Tuesday Sept 21st,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

Open BW Positions

                              The Frenzied Forex Front
Dec Yen
Recommended open position Short at 9087
Resistance should appear near 9140 to 9156 and 9237. Beyond sellers should appear near 9316 to 9347. 
Support should appear near 9060 to 9044, a close under augurs for a test of 8964 to 8934
BW Traders should go short if a close under 9099 occurs

Dec Euro Currency (EC)
Recommended Open Position Short 2 at 12155 avg
Support should appear at  12102 and the 12030 to 11920 region. Below that buyers should appear near
11805 and the 11690 to 11640 region..  
Resistance is at 12175. Beyond that sellers should appear near  the 12320 to 12380 region

Dec Swiss Franc
Recommended open Position Short at 7899
Resistance should appear near 7939 to 7954 and the 8029 to 8044  region  Traders can sell at 7990 and risk a close over 8057 for three days in a row.
Support should appear near 7864 to 7836 and the 7777 to 7763 region

Dec British Pound
Recommended open Postion short at 17732
Support  should appear near 17562 and 17380 to 17310  
Resistance should appear near 17740 to117800 and 17962 

Dec Canadian Dollar
Support should appear near  7689 to 7675 and 7601 to 7586
Resistance is at 7763 to 7777 and 7836 to 7864 . BW Traders can sell at 7762 and hold for lower prices.  

BW  traders should go short if a close under 7682 occurs. 

Dec Aussie Dollar
Support should appear near 6919 to 6906 and the 6836 to 6809 region. 
Resistance should appear at 6990 to 7003 and the 7074 to 7088 region. 

BW Traders should go short if a close under 6903 occurs
                                  

                                   The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10247 and 10320 to 10360
Support should appear near 10185 and the 10136 to 10104 region.

December 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 and 1484 to 1496
Support is at 1421 to 1415 and 1383 to 1377 which should contain a decline 

December 10 Year T-Note
Resistance should appear near 113-22, above that 114-07 should cap a rally.  
Support is at 112-22 and 112-07

Precious Metals

December  Gold
Recommended Open Postion Short 2 at 401.2 avg
Resistance should appear at 411 to 412 .beyond that 416.3 to 418.3 should cap a rally.
BW Traders can sell at 410.90 and hold for lower prices.
Support is at 405.6 to 404.6 and 399.3 to 398.2..

BW Traders should go short if a close under 404.4 occurs.

December Copper
Recommended open Position Short 2 at 12740 avg
Support should appear near 13100 to 13040 
Resistance should appear near 13340 to 13460 

Dec Silver
Support should appear near 619 to 616.5 and the 595.5 to 594.5 region.
Resistance is at the 633 to 635 and 641 to 643.  Beyond that sellers should appear near 657.5 to 659.5. 
BW Traders can sell at 657.0  and risk a close over 674.5 for three days in a row.

                                 The Exciting Energies
Nov Crude Oil
Resistance  should appear near 4639 to 4650 region and 4695 to 4717 
Support should appear near 4582 to 4571 and 4514 to 4503

Nov Unleaded  Gas
Resistance should appear near 12740 then 13040 to 13100 and the 13340 to 13460 region.
Support should appear near 12380 to 12320 a close under augurs for a test of 12030 to 11920 

Oct unleaded Gas
Recommended open position Short at 12305

Nov Heating Oil
Resistance should appear near 13040 to 13100 and the 13770 to 13830 region. . 
Support should appear near 12680 and 12380 to 12320 .. Below that a test of 12030 to 11920 is likely.

                                                            The Lively Livestock

December Cattle
Support should appear near the 8857 and 8777 to 8762..   A close under augurs for a test of
the 8587 to 8557  region.  .. Below that buyers should appear near 8317 to 8302
Resistance is at 8932 to 8967 and the 9042 to 9062region. Beyond that 9137 to9157 should cap a rally..

October Cattle
Recommended open position short at 8477

December  Hogs
Recommended open Postion short at 6987
Support is at 6922 to 6907 and 6837 to 6812 
Resistance is at  6992 to 7002 then 7062 to 7077 and the 7137 to 7172 region. 
BW Traders should go short if a close under 6802 occurs. 

February  Pork Bellies
Recommended Open Position Short at 9930
Resistance should appear near 10187 and 10317 to 10362.
Support  is 10037 to 10022 and 9937 to 9922

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

                                            The Grande’ Grains
December Corn
Support should appear near 212 3/4 and 208 3/4 to 208..
Resistance  is at 217 to 218 1/2 and 221 3/4 to 222 3/4 

November Beans
Recommended open Postion short 543 1/2
Support is at 535 3/4 to 534 1/2 and the 521 1/2 to 521 region. 
Resistance is at 549 1/4 to 550 1/2 and 555 1/4 to 557 3/4

December Soymeal
Recommended open Postion short 163.5
Support should appear near 161.5 to 160.9 and 157.6 to 156.9 region 
Resistance should appear near  the 164.2 to 165.5 then  168.9 to 169.6 and  173.1 to 173.8 
 BW  Traders can sell at 173.0 and risk a close over 183.7 for three days in a row. 

December Soybean Oil
Resistance should appear near 2170 to 2185 and 2219 to 2226 
Support should appear near 2134 to 2126  and 2089 to 2080

December CBOT Wheat
Recommended open Position Long 2  at 330 1/2 avg 
Support should appear near 327 to 326 ¼  and  321 ¼ to 319 ½ 
Resistance  should appear near 337 ¾ to 338 ¾ ,
Buy dips…

                                           The Satisfying Softs

December  Coffee 
Recommended open Postion long 2 at 7840 avg
Support is near the 7865 to 7835 and 7780 to 7765.
Resistance should appear near 7935 to 7955 and the 8030 to 8045  region.  

BW Traders should go long if a close over 7970 occurs.

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

March Sugar
Recommended open Position Short at 858
Support should appear near 823 to 814 and 795 to 791.
Resistance should appear near 847 to 852 and 877 to 882 

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 Sept 20th,   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 2  Dec EC 12155 avg
Short December Swiss Franc 7899
Short December British Pounds 17732 
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 
Short Feb Pork Bellies 9930
Short December Hogs 6987
Short Nov Beans 543 1/2
Short Dec Soymeal 163.5 
Long 2  Dec Wheat 330 1/2 avg 
Long 2 Dec Coffee 7840 avg
Short March Sugar 858 

                                                                          Terms