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FuturesCom Investment Publications
Morning Comments Monday November 22nd 2004
 Serving Professional and Individual Traders World Wide since 1988
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" We can easily forgive a child who is afraid of the dark.
The real tragedy of life is when men are afraid of the light " 
- Plato -

Friday November 19th,  2004
10:30 PM  Eastern time   

Open BW Positions


                                    The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10470 and the 10580 to 10680 region
Support should appear near 10360 to 10320, which should contain a decline…

Dec SP500
Recommended open position Long at 1179.5
Resistance should appear near the 1174.3 and the 1180.5 region
Support should appear near the 1169.00 to 1164.0 region
Below that buyers should appear near 1150.00. BW traders can buy at 1150.20 for the pull..    
 BW Traders should go long if a close over 1203 occurs.

Nasdaq Composite
Support should appear near 2061 and 2042 to 2034
Resistance should appear near 2080 to 2088 . 

Dec Mini Nasdaq 100
Recommended open position long 2 at 1540.5 avg
Resistance is at 1569 to 1576  
Support is at 1552 and 1535 to 1529 

Dec Mini Russell 2000
Recommended open position long 2 at 605.5 avg
Support is at 611.3 to 610.1 
Resistance is at 616.5 to 619.0
BW Traders should go long if a close over 627.2 occurs

December 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
Resistance should appear near 9737 and 9821 to 9837
Support should appear near 9641 to 9625,

Dec Euro Currency (EC)
Recommended open position short 13039
Support should appear at 12740 to 12680.
Resistance should appear near the 13040 to 13150  region. 

Dec Swiss Franc
Resistance should appear near 8667 to 8682
Support should appear near 8589 to 8560 

Dec British Pound
Support should appear near 18400 and 18220 to 18080
Resistance should appear near the 1.8580 to 1.8650 and 18832

Dec Canadian Dollar
Support should appear near 8314 to 8300 
Resistance is at 8391 to 8406 

Dec Aussie Dollar
Support should appear near 7777 to 7763  
Resistance should appear at 7835 to 7865

Precious Metals

December Gold
Resistance should appear at 450.3 to 451.4
Support is at   444.6 to 442.5 .

Dec Copper
Support should appear near 145.3 to 145.9   
Resistance should appear near the 141.5 and 13770 to 13830 

Dec Silver
Support should appear 759.5 to 757.5 and 742.5 to 741.5 
Resistance is at  767.5 to 768.5 and  776.5 to 777.5

 

                              The Exciting Energies

Jan Crude Oil
Resistance  should appear near 4973 to 4995 and 5056 to 5067  
Support  should appear near 4856 to 4845 and 4717 to 4695

Jan Unleaded Gas 
Recommended open position Short 2  at 12855 avg 
Resistance should appear near 13340  to 13460 and 13770 to 13830
Support should appear near 13150 to 13040 and 12740 to 12680

Jan Heating Oil
recommended open position short at 1.4520
Resistance should appear near 14960 and 15290 to 15350
Support should appear near 14590 to 14530 and 14210 to 14150 

 

The Lively Livestock

December Cattle
Support should appear near 8407 to 8392 and 8317 to 8302 
Resistance is at 8482 to 8502 and 8562 to 8587 

February Cattle
Recommended open position short 4 at 8637 avg
Support should appear near 8592 to 8562 and 8502 to 8482  
Resistance is at the 8667 to 8682 and 8757 to 8772 . 

December Hogs
Support is at 7417 and 7342 to 7327 
Resistance is 7487 to 7512 and 7587 to 7602

February Hogs
Recommended open position short 3 at 7257 avg
Support is at  7257 to 7242 and 7172 to 7142
Resistance is 7342 and 7412 to 7427 

February Pork Bellies
Recommended open position Short 2 at  10007 avg
Resistance should appear near 9922 to 9937 and 10022 to 10037 
Support is at  9837 to 9822 and  9737 to 9707

                                        The Grande’ Grains

December Corn
 Support should appear near 199 3/4 to 198 1/4 and 195 1/4 to 195 3/4 
Resistance is at 203 3/4 to 204 1/4 and 208 to 208 3/4  .

January Soybeans
Recommended open position short at 541 3/4
Support is at 543 to 541 3/4 and 535 3/4 to 534 1/2  
Resistance is at  555 1/4 to 557 3/4 and 564 to 565 1/4 
BW Traders should go short if a close under 524 ¾ occurs.

December Soymeal
Recommended open position Short at 156.9
Support should appear near 157.6 to 156.9 and 153.4 to 152.9
Resistance should appear near 160.9 to 161.5 

December Soybean Oil
Resistance should appear near 2170 to 2185 and 2219 to 2226  .
BW Traders can sell at 2212 and risk a close over 2279 for three days in a row. .
Support should appear near 2134 to 2126 and 2088 to 2080 
BW Traders should go Short if a close under 2077 occurs

 December CBOT Wheat
Resistance should appear near 314 3/4 to 315 3/4 and 319 1/2 to 321 1/4 
Support should appear near 309 1/4 and 304 3/4 to 303 3/4 

 

                                      The Satisfying Softs
March Coffee 
Recommended open Position Long at 9450
Support is near 9060 to 9045 then 8965 to 8935 and 8775 to 8760
Resistance should appear near 9140 to 9155 and 9315 to 9345   

March Cocoa 
Support is at 1576 to 1569
Resistance is at  1609 to 1615

March Sugar
Recommended open position short at 876
Support should appear near 852 to 847 
Resistance should appear near 877 to 882 

March Cotton
Support should appear near 4250 to  4235 and 4185 to 4165 .
Resistance should appear near 4425 to 444 and 4505 to 4515 
BW Traders can sell at 4415 and risk a close over 4535 for three days in row .


- A Ship in Harbor is Safe...But that is not what ships are built for –

-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

Friday  November 19th,  2004
11:45 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
Long Dec SP500 1179.50 
Long 2  Dec mini Nasdaq 1540.5 avg
Long 2  Dec mini Russell 605.5 avg
Short Dec EC 13039
Short 2 Jan Unleaded Gas 12855 avg
Short Jan Heating Oil 14520 
Short 4  Feb Cattle 8637 avg
Short 3 Feb Hogs 7257 avg   
Short 2  Feb Bellies 10007 avg  
Short Jan Soybeans 541 3/4
Short December Soymeal 1.5690
Long March Coffee 9450
Short March Sugar 876

 


 

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