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FuturesCom Investment Publications
Morning Comments Wed October 20th 2004
 Serving Professional and Individual Traders World Wide since 1988
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Tuesday October 19th  2004
7:30 PM  Eastern time   

Open BW Positions

                            The Frenzied Forex Front

Dec Yen
Recommended open Position Short 3 at 9140 avg
Resistance should appear near the  9316 to 9347 region. 
Support should appear near 9156 to 9140
BW Traders should go short if a close under 9137 occurs.

Dec Euro Currency (EC)
Recommended Open Position Short 4 at 12307 avg
Support should appear at 12455 and 12380 to 12320
Resistance is at 12530 and the 12680 to 12740 region. BW Traders can sell at 12672 and risk a close over 12770 for three days in a row   
BW Traders should go short if a close under 12372 occurs

Dec Swiss Franc
Recommended open Position Short 2 at 7944 avg
Resistance should appear near 8194 to 8223 
Support should appear near 8134 to 8119
BW Traders should go short if a close under 8112 occurs.

Dec British Pound
Recommended open Position Short at 17732
Support should appear near 17800 to 17740.
Resistance should appear near 17962 and the 1.8080 to 1.8220 region.    

Dec Canadian Dollar
Recommended open Position Short at 7762
Support should appear near 7864 to 7836 
Resistance is at 7954 and 8029 to 8044

Dec Aussie Dollar
Support should appear near 7170 to 7143.
Resistance should appear at 7255 and 7291
 

                                       The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10021 to 10037
Support should appear near 9837 to 9821 

Dec SP500
Recommended open position long  1123.90
Resistance should appear near 1115.50 and 1130.00 to 1136.00
Support should appear near 1101 to 1096.00 and 1082.00

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 1437and 1421 to 1415

Dec 10 Year T-Note
Resistance should appear near 113-22 and 114-07. 
Support is at 113-07 and 112-22

Precious Metals

December Gold
Recommended open position Short 3 at 404.4 avg
Resistance should appear at 423.8 to 424.9 
Support is at  418.3 to 416.3

Dec Copper
Support should appear near 12740 to 12680 
Resistance should appear near 13040 to 13100 

Dec Silver
Support should appear 700.5 to 699 and the 683.5 to 680.5.
Resistance is at  724 to 725.5 and 732.to 734.5,

                            The Exciting Energies

Dec Crude Oil
Resistance should appear near 5344 to 5356 and 5418 to 5430. 
Support should appear near  5259 then 5211 to 5200 and 5139 to 5127.  
 
December Unleaded Gas 
Recommended open Position Short 1.4100
Resistance should appear near 13770 to 13830 and 14150 to 14210
Support should appear near  13460 to 13340 and the 13100 to 13040 region.   

Dec Heating Oil
Resistance should appear near 15290 to 15350 
Support should appear near 14590 to 14530 .

The Lively Livestock

December Cattle
Recommended open position short at 8697
Support should appear near 8872 to 8867 and 8777 to 8762 
Resistance is at 8932 to 8967 and 9042 to 9062 .

December Hogs
Recommended open position short at 6510
Support is at 6592 to 6577 and 6512 to 6482  
Resistance is  6657 to 6672 and 6742 to 6757

February Pork Bellies
Resistance should appear near 9527 to 9542 and 9707 to 9737
Support is at 9347 to 9317 and 9157 to 9142                 

                                 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

January Soybeans
Support is at 528 1/4 to 525 3/4 and 513 3/4 to 512 3/4
Resistance is at 534 1/2 to 535 3/4 and 541 3/4 to 543.. which should cap a rally

December Soymeal
Support should appear near 153.5 to 152.9 and 149.6 to 148.4
Resistance should appear near 156.9 to 157.6..Beyond that sellers should appear near 160.9 to 161.5

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 317
Support should appear near 315 3/4 to 314 3/4 and 310 1/4  to 309 1/4 .
Resistance should appear near 319 1/2 to 321 1/4 and 326 1/4 to 327

                              
                                    The Satisfying Softs
December Coffee 
Recommended open Position long at 7860
Support is near 7255 to 7240 and 7170 to 7145 
Resistance should appear near 7325 to 7345 and 7415 to 7430

December Cocoa 
Support is at 1421 to 1415
Resistance is at 1453 to 1459

March Sugar
Recommended open Position Short at 858
Support should appear near  882 to 877 
Resistance should appear near 907 to 912

December Cotton
Support should appear near 4715 to 4695 and 4650 to 4635 
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

Tuesday October 19th 2004
8:30 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 3 Dec Yen 9140 avg
Short 4 Dec EC 12307 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 December Unleaded Gas 1.4100
Short Dec Cattle 8697 
Short Dec Hogs 6510
Long 2 Dec Wheat 317  avg 
Long Dec Coffee 7860 
Short March Sugar 858

                                                                          Terms