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Morning Comments Monday Sept 27th,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
“A lot of people approach risk as if it’s the enemy, when
it’s really fortunes accomplice.”
Friday Sept 24th 2004
2:00 PM ' Hurricane Alley' time
The
Frenzied Forex Front
Dec Yen
Recommended open position Short 2 at 9086 avg
Resistance should appear near 9140 to 9156 and 9237.
Support should appear near 9060 to 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 the 12320 to 12350
and 12380
Dec Swiss Franc
Recommended open Position Short 2 at 7944 avg
Resistance should appear near 7954 then 7991 and 8029 to 8044.
Support should appear near 7939 then
7901 and 7864 to 7836
Dec British Pound
Recommended open Postion short at 17732
Support should appear near 17800 to 17740
Resistance should appear near 17962 and
18080 to 18220
Dec
Canadian Dollar
Recommended open Postion short at 7762
Support should appear near 7777
to 7763
Resistance is at 7836 to 7864
BW traders should go short if a close under 7682 occurs.
Dec Aussie Dollar
Support should appear near 7074 and 7003 to 6990
Resistance should appear at 7115 and 7143 to 7170
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should
appear near 10104 to 10136
Support should appear near 10037 to 10021 and 9937 to
9921
December SP500
Recommended open position Long at
1123.90
Resistance should appear near 1115.50 and 1130.00 to 1136.00.
Support should appear near 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 1415 to 1421
Support is at 1383 to 1377
December
10 Year T-Note
Resistance should
appear near 113-07 and 113-22.
Support is at 112-22 and
112-07
Precious Metals
December Gold
Recommended Open Postion Short 3 at 404.4 avg
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
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 13460 to
13340 and 13100 to 13040
Recommended open position short at 8477
Resistance should appear near 13770 to 13830
and 14150 to 14210
Dec Silver
Support should appear near 643 to 641 and 635 to 633.5
Resistance is at the 648.5 to 651.0 and the 657.5 to 659.5
region.
BW Traders can sell at 657.0 and risk
a close over 674.5 for three days in a row.
Nov Crude Oil
Resistance should
appear near 4915 to 4926 and 4973 to 4995
Support should appear near 4856 to 4845 and 4785 to 4775
Nov Unleaded
Gas
Recommended open Postion short 2 at 12925 avg
Resistance should appear
near 13340 to 13460 and 13770 to 13830
Support should appear near 13100 to
13040 and 12740 to 12680
Nov Heating Oil
Support should appear near 13460 to 13340 and 13100 to 13040
Resistance should appear near 13770 to 13830 and 14150 to 14210
The Lively Livestock
December Cattle
Recommended open position short at 8697
Support should appear near 8682 to 8667 and
the 8587 to 8557 region.
Resistance is at 8762 to 8777 and 8857 to 8872 .
December Hogs
Recommended open Postion short at 6987
Support is at 7072 then 7002 to 6992 and 6922 to 6907
Resistance is at 7142 to 7172 and 7242 to 7257.
February Pork Bellies
Recommended Open Position Short at 9930
Resistance should appear near 10102 to 10137 and 10187
Support is
9937 to 9922 and 9837 to 9822
--Stay tuned for BW updates and Flashes in the Livestock complex --
The Grande’ Grains
December Corn
Support should appear near 204 1/4 to 203 1/2 .
Resistance is at 208 to 208 3/4
November Beans
Support
is at 521 1/2 to 521 and
the 513 3/4 to 512 3/4 region.
Resistance is at 534 1/2 to
535 3./4 and 541 3/4 to
543
December Soymeal
Support
should appear near 157.6 to 156.9 and 153.5 to 152.9
Resistance should appear near 160.9
to 161.5 and 164.2 to 165.5
December Soybean Oil
Resistance should appear near 2080 to 2089 and 2126 to 2134
Support
should appear near 2042 to 2034 and 1996 to 1982
December CBOT Wheat
Recommended open Position Long 2 at 330 1/2 avg
Support should appear near 321 1/4 to 319
1/2 and 315 3/4 to 314 3/4
Resistance should appear
near 326 1/4 to 327 and 331 3/4 to 332 3/4
The
Satisfying Softs
December
Coffee
Support
is near the 8225 to 8195 and 8135 to 8115.
Resistance should appear near 8390 to 8405 and the 8485 to
8505 region.
December Cocoa
Support is at 1453 and 1421 to 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 4925
- 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
Friday Sept 24th
2004
3:00 PM South Florida Beach Time
FuturesCom Investment
Publications Copyright@1996-2004 all rights reserved
Recommended Open BW Positions
Short Dec Yen 9087
Short 2 Dec EC 12155 avg
Short 2 December Swiss Franc 7944 avg
Short December British Pounds 17732
Long Dec SP500 1123.90
Short 3 Dec Gold 404.4 avg
Short 2 Dec Copper 12720 avg
Short 2 Nov Unleaded Gas 12925 avg
Short Dec Cattle 8697
Short Feb Pork Bellies 9930
Short December Hogs 6987
Long 2 Dec Wheat 330 1/2 avg
Short March Sugar 858