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Investment Publications
Morning Comments Wed December 8th 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
Tuesday Dec 7th 2004
4:00 PM Eastern time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 10470 and 10580 to 10630
Support should appear near 10360 to 10320
March SP500
Resistance should appear near 1180.50 and 1192.00 to 1203.00
Support should appear near 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
Dec SP500
Recommended open position long at 1181.50
Nasdaq Composite
Support should appear near 2089 to 2080
Resistance should appear near 2126 to 2134
March Mini Nasdaq 100
Recommended open position long at 1616.00
Resistance is at 1609 to 1615
Support is at 1592.5 and 1576 to 1569
Dec Mini Nasdaq 100
Recommended open position long at 1602.5
March Mini Russell 2000
Recommended open position long 633.00
Support is at 627 to 625.7 and 619 to 616.5
Resistance is at 633.7 to 635 and 641.7 to 643
Dec Mini Russell 2000
Recommended open position long 635.7
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 9737 to 9706
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 8223 to 8194
Resistance is at 8300 to 8314
March Aussie Dollar
Support should appear near 7601 to 7587
Resistance should appear at 7689 and 7763 to 7777
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 13460 to 13340
Resistance should appear near the 13770 to 13830
March Silver
Support should appear 783.5 and 777.5 to 776.5
Resistance is at 793.5 to 795.5 and 802.5 to 804.5
The Exciting Energies
Jan Crude Oil
Resistance should appear near 4163 to 4183 and 4238 to 4249
Support should appear near 4120 to 4110 and 3992 to 3982
Jan Unleaded Gas
Resistance should appear near 10960 to 11010 and 11300 to 11360
Support should appear near 10680 to 10580 and 10360 to 10320
Jan Heating Oil
Resistance should appear near 12320 to 12380 and 12680 to 12740
Support should appear near 12030 to 11920 and 11690 to 11640
The Lively Livestock
February Cattle
Support
should appear near 8682 to 8667 and 8592 to 8562
Resistance is at 8762 to 8777 and 8857 to 8872
February Hogs
Support is at 7172 to 7142 and 7087 to 7072
Resistance should appear near 7242 to 7257 and 7327 to 7342
February Pork Bellies
Resistance
should appear near 9822 to 9837 and 9922 to 9937
Support is at 9737 to 9707 and 9642 to 9622
The Grande’ Grains
March Corn
Support should appear near 199 3/4 to 198 1/4
Resistance is at 203 1/2 to 204 1/4 and 208 to 208 3/4
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 1/4 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 1996 and 2034 to 2042
Support should appear near 1982 and 1953 to 1946
March CBOT Wheat
Support should appear near 299 to 297 1/4 and 293 3/4 to 292 3/4
Resistance should appear near 303 3/4 to 304 3/4 and 309 1/4 to 310 1/4
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 1653 to 1642 and 1615 to 1609
Resistance is at 1689 to 1696 and 1731 to 1738
March Sugar
Support should appear near 852 to 847
Resistance should appear near 877 to 882
March Cotton
Support should appear near 4315 to 4305 and 4250 to 4235
Resistance should appear near 4370 to 4385 and 4425 to 4445
- 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 December 7th, 2004
5:00 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 March SP500 1179.90
Long Dec mini Nasdaq 1602.5
Long March Mini Nasdaq 1616.00
Long Dec Mini Russell 635.7
Long March Mini Russell 633
Long 2 March Coffee 9600 avg