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Morning Comments Monday December 6th 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
Saturday Dec 4th 2004
11:40 AM Eastern time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 10630 to10680
Support should appear near 10525 and 10470
Dec SP500
Recommended open position long at 1181.50
Resistance should appear near 1192.00 to 1203.00 and 1217.5
Support should appear near 1180.5 and the 1169.00 to 1164.00 region.
Stay tuned for Flashes and Updates
March SP500
Resistance should appear near 1197.50 to 1203
Support should appear near 1180.5 and 1169.00 to 1164.00.BW Traders can buy at
1169.30 for a good bounce.
BW Traders should go long if a close over 1197.50 occurs
Nasdaq Composite
Support should appear near 2134 to 2126
Resistance should appear near 2170 to 2185
Dec Mini Nasdaq 100
Recommended open position long at 1602.5
Resistance is at 1628.5 and 1642 to 1655
Support is at 1609 and 1592.5 .
Dec Mini Russell 2000
Recommended open position long 635.7
Support is at 635 to 633.7 and 627 to 625.7
Resistance is at 641.7 to 643 and 648.3 to 650.9
March 10 Year T-Note
Resistance should appear near 111-22 and 112-07
Support is at 111-07 and 110-22
The Frenzied Forex Front
March Yen
Resistance should appear near 9921 to 9937
Support should appear near 9837 to 9821
March Euro Currency (EC)
Support should appear at 13460 and 13340
Resistance should appear near 13605 and the 13770 to 13830 region
March Swiss Franc
Resistance should appear near 8871 to 8856 and 8762 to 8777
Support should appear near 8934 to 8964 and 9044 to 9060
March British Pound
Support should appear near 19090 to 19020
Resistance should appear near the 19460 to 19530.
March Canadian Dollar
Support should appear near 8314 to 8300
Resistance is at 8391 to 8406
March Aussie Dollar
Support should appear near 7689 to 7675
Resistance should appear at 7763 to 7777 and 7836 to 7864
Precious Metals
February Gold
Resistance should appear at 463.9 to 465.0
Support is at 451.4 to 450.3
March Copper
Support should appear near 13830 to 13770
Resistance should appear near the 141.50 to 142.10
March Silver
Support should appear 795.5 to 793.5 and 777.5 to 776.5
Resistance is at 819..5 to 822.5 and 830 to 831.5
The Exciting Energies
Jan Crude Oil
Resistance should appear near 4304 to 4315 and 4370 to 4381
Support should appear near 4249 to 4238 and 4183 to 4163
Jan Unleaded Gas
Resistance should appear near 11640 to 11690 and 11920 to 12030
Support should appear near 11300 and 11010 to 10960
Jan Heating Oil
Resistance should appear near 12680 to 12740 and 13040 to 13100
Support should appear near 12320 and 12030 to 11920
The Lively Livestock
February Cattle
Recommended open position short 2 at 8747 avg
Support should appear near 8682 to 8667 and 8502 to 8482
Resistance is at 8762 to 8777 and 8857 to 8872
February Hogs
Recommended open position short 2 at 7352 avg
Support is at 7512 to 7487 and 7432 to 7417
Resistance should appear near 7587 to 7602 and 7672 to 7692
February Pork Bellies
Recommended open position Short 10090
Resistance should appear near 10022 to 1037 and 10107 to 10137
Support is at 9937 to 9922 and 9837 to 9822
The Grande’ Grains
March 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
BW Traders can sell at 212 1/4 and risk a close over 218 3/4 for three days in a row.
January Soybeans
Support
is at 521 1/4 to 520 and 513 3/4 to 512 3/4
Resistance is at 525 3/4 to 528 1/2 and 534 1/2 to 535 3/4
January Soymeal
Support
should appear near 153.5 to 152.9 and 149.6 to 148.4
Resistance should appear near 156.9 to 157.6 and 160.9 to 161.5
January Soybean Oil
Resistance
should appear near 2042 and 2080 to 2089
Support should appear near 1996 to 1982
March CBOT Wheat
Support should appear near 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
March Coffee
Recommended open position long 2 at 9600 avg
Support is near 9735 to 9705 and 9645 to 9625 ..under that 9545 to 9525 should hold
Resistance should appear near 9825 to 9840 and 9920 to 9935 .
March Cocoa
Support is at 1696 to 1689 and 1653 to 1642
Resistance is at 1731 to 1738 and 1774 to 1780
March Sugar
Support should appear near 877 and 852 to 847
Resistance should appear near 907 to 912 and 932 to 941.
March Cotton
Recommended open position short 2 at 4305 avg
Support should appear near 4185 to 4165 and 4120 to 4110
Resistance should appear near 4305 to 4315 and 4370 to 4385
- 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
Saturday December 6th, 2004
12:00 PM South Florida Beach Time
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 Terms
Recommended Open Positions
Long Dec SP500 at 1181.50
Long Dec mini Nasdaq 1602.5
Long Dec mini Russell 635.7
Short 2 Feb Cattle 8747 avg
Short 2 Feb Hogs 7352 avg
Short Feb Bellies 10090
Long 2 March Coffee 9600 avg
Short 2 March Cotton at 4305 avg