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FuturesCom Investment Publications
Morning Comments Friday November 5th 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 November 4th,   2004
6:30 PM  Eastern time   

Open BW Positions

                                   The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10320 to 10360 and 10470 
Support should appear near 10136 to 10104 and10037 to 10021 

Dec SP500
Resistance should appear near 1164.00 to 1169.00 and 1180.5 
Support should appear near  1150.00 and 1136.00 to 1130.00

Nasdaq Composite
Support should appear near 1996 to 1982 
Resistance should appear near 2034 to 2042 region..

Dec Mini Nasdaq 100
Recommended open position long at 1498.5
Resistance is at 1529 to 1535.
Support is at 1496 to 1484

Dec Mini Russell 2000
Recommended open position long at 595.8
Support is at  595.5 to 594.5 and 588.5 to 585.5 
Resistance is at  602.3 to 603.5 and 610.5 to 611.9 

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

                                 The Frenzied Forex Front
Dec Yen
Recommended open Position Short 2 at  9325 avg
Resistance should appear near 9526 to 9542.
Support should appear near  the 9445 to 9429 

Dec Euro Currency (EC)
Support should appear at  12740 to 12680
Resistance should appear near  13040 to 13100

Dec Swiss Franc
Recommended open Position Short 2 at  8287 avg
Resistance should appear near 8484 to 8499
Support should appear near 8406 to 8391 

Dec British Pound
Support should appear near 18220 to 18080.
Resistance should appear near the 1.8580 to 1.8650 region.

Dec Canadian Dollar
Support should appear near 8223 to 8194
Resistance is at 8300 to 8314 

Dec Aussie Dollar
Support should appear near 7513 to 7487
Resistance should appear at  7585 to 7605 

Precious Metals

December Gold
Recommended open position Short  421
Resistance should appear at 430.4 to 431.5 and 437 to 438.1
Support is at 424.9 to 423.8 

Dec Copper
Support should appear near 13340 and 13100 to 13040.
Resistance should appear near the 13770 to 13830 region 

Dec Silver
Support should appear 717.0 to 714.5   
Resistance is at 748.5 to 751.5                                        

                              The Exciting Energies

Dec Crude Oil
Resistance should appear near 4915 to 4926 and 4973 to 4995 
Support should appear near 4856 to 4845 and 4717 to 4695

December Unleaded Gas 
Resistance should appear near 13040 to 13100 and 13340 to 13460.
Support should appear near  12740 to 12680 and 12380 to 12320 

Dec Heating Oil
Resistance should appear near 13770 to 13830 and 14150 to 14210  
Support should appear near 13460 to 13340 and 13100 to 13040

The Lively Livestock

December Cattle
Recommended open position short at 8375
Support should appear near 8222 to 8192 and 8047 to 8027
Resistance is at 8302 to 8317 and 8392 to 8407.. beyond that sellers should appear near 8482 to 8502.
BW traders can sell at 8482 and risk a close over 8692 for three days in a row 

February Cattle
Recommended open position short at 8590
Support should appear near 8567 and 8502 to 8482 
Resistance is at 8667 to 8682 and 8762 to 8777.
BW Traders can sell at 8757 and risk a close over 8972 for  three days in a row.

December Hogs
Recommended open position short 6907
Support is at 7257 to 7242 
Resistance is 7487 to 7512

February Hogs
Recommended open position short 7072
Support is at 7172 to 7142
Resistance is at  7412  and 7427

Recommended open spread position
Long 4 June Hogs 7037 /  Short 4 Dec Hogs 6957 avg

February Pork Bellies
Recommended open position short at 9922
Resistance should appear near 10317 to 10377
Support is at 10137 to 10102  
                             --Stay tuned for BW updates and Flashes in the Livestock complex –

                                  The Grande’ Grains

December Corn
Support should appear near 195 1/4 to 194 3/4 
Resistance is at 197 3/4 to 199 3/4 and 203 ½ to 204 ¼ 

January Soybeans
Support is at 505 3/4 and 499 1/2 to 497 1/4
Resistance is at 512 3/4 to 513 3/4 

December Soymeal
Support should appear near 148.4  Below that buyers should appear near 142.1 to 141.5
Resistance should appear near 152.9 to 153.0 and 156.9 to 157.6. 
BW  Traders can sell at 156.9 and risk a close over 166.7 for three days in a row.

December Soybean Oil
Resistance should appear near 2034 to 2042 and 2080 to 2088  
Support should appear near 1982 and 1909 to 1902

December CBOT Wheat
Recommended open Position Long 306 1/4
Support should appear near 299 to 2971/4 and 293 3/4 to 292 3/4 
Resistance should appear near 303 3/4 to 304 1/2 and 309 1/4 to 310 1/4 

                         
                                   The Satisfying Softs
December Coffee 
Recommended open Position long at 7860
Support is near 7775 to 7760 and 7690 to 7675 
Resistance should appear near 7935 to 7955 and 8025 to 8045 

December Cocoa 
Support is at 1535 to 1529
Resistance is at 1609 to 1615 

March Sugar
Support should appear near 823 to 814
Resistance should appear near 847 to 852 

December Cotton
Support should appear near 4315 to 4305 and 4185 to 4165 
Resistance should appear near 4425 to 4445 and 4505 to 4515 

- 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 November 4th,  2004
7:40 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 9325 avg
Short 2  December Swiss Franc 8287
Long Dec mini Nasdaq 1498.5
Long Dec mini Russell 595.8
Short Dec Gold 421
Short Dec Hogs 6907
Short Feb Hogs 7072 
Short Feb Bellies 9922 
Short Dec Cattle 8375
Short Feb Cattle 8590
Long 4 June Hogs/ Short 4 Dec Hogs  +80
Long Dec Wheat 306 1/4 
Long Dec Coffee 7860 

                                                                          Terms