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FuturesCom Investment Publications
Morning Comments Wed October 27th 2004
 Serving Professional and Individual Traders World Wide since 1988
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Tuesday October 26th  2004
2:30 PM  Eastern time   


Open BW Positions

                            The Frenzied Forex Front

Dec Yen
Resistance should appear near  9429 to 9445 
Support should appear near 9347 to 9316.

Dec Euro Currency (EC)
Support should appear at  12740 to 12710 and 12680
Resistance
is at 12815 then12890 and 13040 to 13100

Dec Swiss Franc
Resistance should appear near 8391 to 8406
Support should appear near 8314 to 8300

Dec British Pound
Support
should appear near 18220 to 18150 and18080 
Resistance should appear near 18400 and 19580 to 18650

Dec Canadian Dollar
S
upport should appear near 8044 to 8029 
Resistance is at 8194 to 8223

Dec Aussie Dollar
Support
should appear near 7342 to 7328.
Resistance should appear at 7487 to 7513 

                                       The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance
should appear near  9921 to 9937 and 10021 to 1037
Support should appear near 9837 to 9821 and 9737 to 9706 

Dec SP500
Resistance
should appear near 1115.50 and 1130.00 to 1136.00
Support
should appear near 1101.00 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 1421 to 1415

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

Precious Metals

December Gold
Resistance
should appear at 430. 431.5 
Support is at  424.9 to 423.8

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

Dec Silver
Support
should appear 732.5 and 717 to 714
Resistance
is at  748.5 to 751.5 and 776.0 to 777.5


                            The Exciting Energies

Dec Crude Oil
Resistance
should appear near 5553 to 5577 and 5640 to 5653
Support should appear near  5430 to 5418 and 5356 to 5344
 
December Unleaded Gas 
Resistance should appear near 14530 to 14590 and 14840 to 14960
Support should appear near  14210 to 14150 and 13830 to 13770 

Dec Heating Oil
Re
sistance should appear near 15760 and 16090 to 16150
Support
should appear near 15350 to 15290  

The Lively Livestock

December Cattle
Support
should appear near 8587 to 8562 and 8497 to 8482
Resistance is at 8762 to 8777 and 8857 to 8872.

December Hogs
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 9622 to 9642
Support is at 9347 to 9316 and 9157 to 9142.                  

                                 The Grande’ Grains

December Corn
Support
should appear near 204 1/4 to 203 1/2
Resistance is at 208 to 208 3/4

January Soybeans
Support
is at 535 3/4 to 534 1/2 and 528 1/4 to 525 3/4 
Resistance is at 549 1/4 to 550 1/2 and 555 1/4 to 557 3/4

December Soymeal
Support
should appear near 153.5 to 152.9 
Resistance
should appear near 160.9 to161.5

December Soybean Oil
Resistance
should appear near 2219 to 2226 and 2267 to 2275
Support should appear near 2170 and 2134 to 2126


December CBOT Wheat
Support
should appear near  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 
Support
is near 7515 to 7485 and 7430 to 7415
Resistance should appear near 7675 to 7690 and  7760 to 7775


December Cocoa 
Support
is at 1421 to 1415
Resistance is at 1484 to 1496

March Sugar
Support
should appear near  877 and 852 to 847 
Resistance
should appear near 907 to 912 

December Cotton
Support should appear near 4585 to 4570 and 4515 to 4505   
Resistance should appear near 4775 to 4795 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 26th 2004
2:45 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 5 Dec EC 12380 avg
Short 3 December Swiss Franc 8060 avg
Short Dec Canadian Dollar 7762
Short December British Pounds 17732 
Long Dec SP500 1102.2 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