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FuturesCom Investment Publications
Morning Comments  Wed November 10th 2004
 Serving Professional and Individual Traders World Wide since 1988
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Tuesday November 9th,  2004
2:30 PM  Eastern time   

Open BW Positions

 

                                   The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10,470 and 10,580 to 10,630
Support should appear near 10360 to 10320 and 10,136 to 10,104  

Dec SP500
Resistance should appear near 1169.00 and 1180.5. Beyond that a test of 1192 to 1203 is likely.
Support should appear near 1164.00 and 1150.00. Below that 1136.00 to 1130.00 should hold.

Traders should stay tuned for updates  

 Nasdaq Composite
Support should appear near 2042 to 2034 and 1996 to 1982 
Resistance should appear near 2061 and 2080 to 2089.

Dec Mini Nasdaq 100
Recommended open position long at 1498.5
Resistance is at 1535 and 1569 to 1576
Support is at 1512.5 and 1496 to 1484

Dec Mini Russell 2000
Recommended open position long at 595.8
Support is at  602.3 and 595.5 to 594.5 
Resistance is at  610.5 to 611.9 and the 616.5 to 619

Dec 10 Year T-Note
Resistance should appear near  112-22 and 113-07
Support is at 112-07 and 111-22

                                 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 and 8560 to 8589
Support should appear near 8406 to 8391 and 8314 to 8300 

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 8314 to 8300
Resistance is at 8391 to 8406 

Dec Aussie Dollar
Support should appear near 7513 to 7486
Resistance should appear at  7587 to 7601  

Precious Metals

December Gold
Recommended open position Short  421
Resistance should appear at 437 to 438.1 and 442.5 to 445.6 
Support is at 431.5 to 430.4 and 424.9 to 423.8

Dec Copper
Support should appear near 13460 to 13340.
Resistance should appear near the 13770 to 13830 region 

Dec Silver
Support should appear 742.5.0 to 741.5 and 734.5 to 732.5
Resistance is at 751.5 and 767.5 to 768.5                                       

                              The Exciting Energies


Dec Crude Oil
Resistance should appear near 4775 to 4785 and 4845 to 4856
Support should appear near  4717 to 4695 and 4650 to 4639

December Unleaded Gas 
Resistance should appear near 12320 to 12380 and 12680 to 12740
Support should appear near  12030 to 11920 and 11690 to 11640

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

                                                 The Lively Livestock

December Cattle
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 8502 to 8482 and 8407 to 8392
Resistance is at 8587 then 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 7172 to 7142 and 7087 to 7072 
Resistance is 7242 to 7257 then 7327 to 7342

February Hogs
Recommended open position short 7072
Support is at  7172 to 7142 and 7087 to 7072
Resistance is at  7242 to 7257 and 7327 to 7342

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 10107 to 10137 and 10317
Support is at 10037 to 10022 and 9937 to 9922


                             --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 and 190 3/4 to 190 1/4 
Resistance is at 198 1/4 to 199 3/4 and 203 ½ to 204 ¼ 

January Soybeans
Support is at 506 3/4 to 505 3/4 and 499 1/2 to 497 1/4
Resistance is at  512 3/4 to 513 3/4 and 520 to 521 1/4
December Soymeal
Support should appear near 149.6 to 148.4 and 145.9 to 145.3
Resistance should appear near 152.9 to 153.5 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 2080 to 2088 and 2128 to 2134 
Support should appear near 2042 to 2034 and 1996 to 1982 
December CBOT Wheat
Recommended open Position Long 306 1/4
Support should appear near 304 1/2 to 303 3/4 and 299 to 297 1/4 
Resistance should appear near 309 1/4 to 310 1/4 and 314 3/4 to 315 3/4  

                         
                                   The Satisfying Softs
December Coffee 
Recommended open Position long at 7860
Support is near 7955 to 7935 and 7865 to 7835 
Resistance should appear near 8025 to 8045 and 8195 to 8225 

December Cocoa 
Resistance is at 1808 to 1822 then 1858 to 1868 and 1902 to 1909
Support is at 1780 to 1774 then 1738 to 1731 and  1696 to 1689

March Sugar
Support should appear near 847 and 823 to 814
Resistance should appear near 877 to 882 and 907 to 912.  BW Traders should can sell at 876 
and risk a close over 917 for three days in a row. . 

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

Tuesday November 9th,  2004
3:30 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 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 Feb Cattle 8590
Long 4 June Hogs/ Short 4 Dec Hogs  +80
Long Dec Wheat 306 1/4 
Long Dec Coffee 7860 

                                                                          Terms