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FuturesCom Investment Publications
Morning Comments Tuesday December 7th 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

Monday Dec 6th  2004
3:30 PM  Eastern time   

Open BW Positions

                                    The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10580 to 10630  
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 1615 to 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 112-07 and 112-22 
Support is at  111-22 and 111-07

                                  The Frenzied Forex Front
March Yen
Resistance should appear near 9821 to 9837
Support should appear near 9706 and 9641 to 9625

March Euro Currency (EC)
Support should appear at 13340 and 13220
Resistance should appear near 13460 and 13605  

March Swiss Franc
Resistance should appear near  8856 to 8871 
Support should appear near 8777 to 8762

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 and 8223 to 8194
Resistance is at 8391 to 8406 and 8484 to 8499

March Aussie Dollar
Support should appear near 7601 to 7587 
Resistance should appear at  7675 to 7689 

 Precious Metals

February Gold
Resistance should appear at 457.1 to 458.2 
Support is at 451.4 to 450.3 

March Copper
Support should appear near 13770 and 13460 to 13340
Resistance should appear near the 141.50  to 142.10

March Silver
Support should appear 786.5 to 783.5 and 777.5 to 776.5 
Resistance is at  802.5 to 804.5 and 819..5 to 822.5  

                              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 12380 to 12320 and 12030 to 11920 

The Lively Livestock

February Cattle
Recommended open position short 2 at 8747 avg
Support should appear near 8777 to 8762 and 8682 to 8667  
Resistance is at 8857 to 8872 and 8937 to 8967

February Hogs
Recommended open position short 2 at 7352 avg
Support is at  7257 to 7242 and 7172 to 7142
Resistance should appear near 7342 then 7417 to 7432 and 7487 to 7512

February Pork Bellies
Recommended open position Short 10090
Resistance should appear near 9707 to 9737 and 9822 to 9837 
Support is at 9642 to 9622 and 9542 to 9527

                                         The Grande’ Grains

March Corn
Support should appear near 208 3/4 to 208 and 204 1/4 to 203 1/2 
Resistance is at  212 3/4 to 213 1/2 and 217 to 218 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  528 1/2 to 525 3/4 and 521 1/4 to  520
Resistance is at  534 1/2 to 535 3/4 and 541 3/4 to 543

January Soymeal
Support should appear near 157.6 to 156.9 and  153.5 to 152.9 
Resistance should appear near  160.9 to 161.5 and 164.2 to 165.5 

January Soybean Oil
Resistance should appear near 2034 to 2042
Support should appear near 1996 to 1982 

March CBOT Wheat
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
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 882 to 877 and 852 to 847
Resistance should appear near 907 to 912 and 932 to 941.

March Cotton
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
Monday December 6th, 2004
4:35 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