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FuturesCom Investment Publications
Morning Comments Friday October 22nd 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

Thursday October 21st  2004
8:25 PM  Eastern time   

Open BW Positions

                            The Frenzied Forex Front

Dec Yen
Recommended open Position Short 3 at 9140 avg
Resistance should appear near 9316 to 9347 . 
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 12380 avg
Support should appear at 12530 and 12380 to 12320
Resistance is at  the 12680 to 12740 region.

Dec Swiss Franc
Recommended open Position Short 2 at 7944 avg
Resistance should appear near  8300 to 8314. BW Traders can sell at 8292 and hold for lower prices 
Support should appear near 8223 to 8194 and 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 18150 and18080 
Resistance should appear near 1.8220 and 18400     

Dec Canadian Dollar
Recommended open Position Short at 7762
Support should appear near 7864 to 7836 
Resistance is at 8044 and 8081

Dec Aussie Dollar
Support should appear near 7255 to 7242.
Resistance should appear at 7414 to 7428 
 

                                       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 1953 to 1946 and 1927
Resistance should appear near 1982 to 1996

Dec Mini Nasdaq 100
Resistance is at 1484 to 1496
Support is at 1459 to 1453

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  424.9 to 423.8

Dec Copper
Support should appear near 12740 to 12680 
Resistance should appear near 13340 to 13460 

Dec Silver
Support should appear 717 to 714 and 700.5 to 699
Resistance is at  741.5 to 742.5 and  748.5 to 751.5 

                            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 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  6592 to 6577  
Resistance is  6807 to 6837

February Pork Bellies
Resistance should appear near 9622 to 9642
Support is at 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

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 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 7515 to 7485 and 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 4380 to 4370  
Resistance should appear near 4695 to 4715
                         
- 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

Thursday October 21st 2004
8:45 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 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