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FuturesCom Investment Publications
Morning Comments Thursday October 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

Wed October 20th  2004
6:30 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 12530 and 12380 to 12320
Resistance is at  the 12680 to 12740 region.
BW Traders can sell at 12672 and risk a close over 12770 for three days in a row   

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 add / go short if a close under 8193 occurs.

Dec British Pound
Recommended open Position Short at 17732
Support should appear near 18080 and 17962.
Resistance should appear near 1.8150 to 1.8220 region.    

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

Dec Aussie Dollar
Support should appear near 7170 to 7143.
Resistance should appear at 7328 and 7342
 

                                       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 2 at  1112.80 avg
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 1484 to 1496
Support is at 1453 then1437and 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 430.4 to 431.5 
Support is at  423.8 and 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 734.0 to 732.5 and 700.5 to 699.
Resistance is at  748.5 to 751.5 to 776.5 to 778.0

                            The Exciting Energies

Dec Crude Oil
Resistance should appear near 5492 to 5504 and the 5553 to 5577 region,  
which should cap a rally for the time being 
Support should appear near  5430 to 5418 and 5282 to 5259.  
 
December Unleaded Gas 
Resistance should appear near 14150 to 14210 and 14530 to 14590
Support should appear near  13830 to 13770 and 13460 to 13340    

Dec Heating Oil
Resistance should appear near 16090 to 16150  
Support should appear near 15350 to 15290 

The Lively Livestock

December Cattle
Recommended open position short at 8697
Support should appear near 8592 to 8567 and 8502 to 8482 
Resistance is at 8762 to 8777 and 8932 to 8967.

December Hogs
Recommended open position short at 6510
Support is at  6512 to 6482 and 6432 to 6417  
Resistance is  6657 to 6672 and 6742 to 6757

February Pork Bellies
Resistance should appear near 9317 to 9347 and 9527 to 9542
Support is at 9157 to 9142 and the 9062 to 9042 region.                  

                                 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 535 3/4 and 541 3/4 to 543.. which should cap a rally

December Soymeal
Support should appear near 157.6 to 156.9 and 153.5 to 152.9 
Resistance should appear near160.9 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 317
Support should appear near 310 1/4  to 309 1/4 and 299 to 297 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 7430 to 7415 and 7255 to 7240
Resistance should appear near 7585 to 7605 and 7760 to 7775

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 4845 to 4855 and 4975 to 4995
                         
- 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 20th 2004
7:00 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 2 Dec SP500 1112.80 avg
Short 3 Dec Gold 404.4 avg
Short Dec Cattle 8697 
Short Dec Hogs 6510
Long 2 Dec Wheat 317  avg 
Long Dec Coffee 7860 
Short March Sugar 858

                                                                          Terms