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FuturesCom Investment Publications
Morning Comments Thursday October 14th 2004
 Serving Professional and Individual Traders World Wide since 1988
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Wed October 13th  2004
4:45 PM  Eastern time   

Open BW Positions
                         

                                   The Frenzied Forex Front
 Dec Yen
Recommended open Position short 2 at 9094 avg
Resistance  should appear near 9156 and 9237  
Support should appear near 9060 to 9044

Dec Euro Currency (EC)
Recommended Open Position Short 2 at 12155 avg
Support should appear at 12320 and 12247
Resistance is at 12350 to 12380 and 12447 

Dec Swiss Franc
Recommended open Position Short 2 at 7944 avg
Resistance should appear near 8029 to 8044 
Support should appear near 7954 to 7939 

Dec British Pound
Recommended open Position Short at 17732
Support  should appear near 17800 to17740  and 17380 to 17310  
Resistance should appear near 17962 and 18080 to 18220

Dec Canadian Dollar
Recommended open Position Short at 7762
Resistance  should appear near 8029 to 8044
Support is at 7939 and 7864 to 7836

Dec Aussie Dollar
Support should appear near 7170 to7143
Resistance should appear at 7242 to 7255                     

                                      The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10021 to 10037 
Support should appear near 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 1909 to 1902
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 112-22.and 112-02

Precious Metals

December  Gold
Recommended Open Position Short 3 at 404.4 avg
Resistance should appear at 418.3 and 423.8 to 424.9
Support is at 412.0 to 411.0 

December Copper
Recommended open Position Short at 130.20
Support should appear near 127.40 to 126.80 and 123.80 to 123.20 
Resistance should appear near 130.40 to 131.00 and 133.40 to 134.60  

Dec Silver
Resistance should appear near 707.5 to 708.5 and 714.5 to 717.0
Support is at 691.5 to 690.and 683.5 to 680.5 

                                The Exciting Energies
Dec Crude Oil
Resistance  should appear near  5344 to 5356 and 5418 to 5430 
Support should appear near 5211 to 5200 and 5139 to 5127  

Nov Unleaded  Gas
Recommended open Position Short 2 at 12925 avg
Resistance should appear near 14150 to 14210
Support should appear near 13830 to 13770 .

December Unleaded Gas 
Recommended open Position Short 2 at 1.4000

Nov Heating Oil
Resistance should appear near 15690 to 15760
Support should appear near 14590 to 14530

                                                          The Lively Livestock

December Cattle
Recommended open position short at 8697
Support should appear near 8777 to 8762 and 8592 to 8562
Resistance is at 8857 to 8872 and 8932 to 8967 

December  Hogs
Support is at 6352 to 6337 and 6272 to 6257 
Resistance is 6482 to 6512 and 6577 to 6592

February  Pork Bellies
Resistance should appear near 9527 to 9542 and 9622 to 9642
Support  is at  9347 to 9317 and 9157 to 9142 .

                             --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 and 199 3/4 to 198 1/4 
Resistance is at  208 to 208 3/4 and 212 3/4 to 213 1/2

November Beans
Support is at 506 3/4 to 505 3/4 and 499 1/2 to 497 1/4 
Resistance is at 512 3/4 to 513 3/4 and 520 to 520 1/4

December Soymeal
Support should appear near 149.6 to 148.4 
Resistance should appear near 156.9 to 157.6   

December Soybean Oil
Resistance should appear near 2034 to 2042 and 2080 to 2089
Support should appear near 1996 to 1982 and 1953 to 1948

December CBOT Wheat
Recommended open Position Long 2 at 322 1/4 avg
Support should appear near 310 1/4 to 309 1/4 and 3041/2 to 303 3/4  
Resistance  should appear near 314 3/4 to 315 3/4 and 319 1/2 to 321 1/4 

 

                                   The Satisfying Softs
December  Coffee 
Recommended open Position long at 7860
Support is near 7345 to 7325 and 7244 to 7240
Resistance should appear near 7415 to 7430 and 7485 to 7515. 

December Cocoa 
Support is at  1421 to 1415 and 1383 to 1377
Resistance is at  1453 to 1459 and 1484 to 1496

March Sugar
Recommended open Position Short at 858
Support should appear near 882 to 877
Resistance should appear near 932 to 941  

December Cotton
Support should appear near 4580 to 4570 and 4445 to 4425
Resistance should appear near 4635 to 4650 and 4775 to 4785

- 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 October 13th 2004
5:45 PM Eastern 

 


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 2 Dec  Yen 9094 avg
Short 2  Dec EC 12155 avg
Short 2  December Swiss Franc 7944 avg
Short Dec Canadian Dollar 7762
Short December British Pounds 17732 
Long Dec SP500 1123.90
Short 3 Dec Gold 404.4 avg
Short Dec Copper 130.20 
Short  2 Nov Unleaded Gas 12925 avg 
Short 2 December Unleaded Gas 1.4000
Short Dec Cattle 8697 
Long 3 Dec Wheat 322 1/4 avg 
Long Dec Coffee 7860 
Short March Sugar 858 

                                                                          Terms