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Morning Comments Friday December 10th 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
Thursday Dec 9th 2004
6:00 PM Eastern time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near
10580 to 10630
Support should appear near 10470 and 10360 to 10320
March SP500
Recommended open position long at 1186.3
Resistance should appear near 1192.00 to 1203.00
Support should appear near 1180.50 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 2089 to 2080
Resistance should appear near 2134 and 2152
March Mini Nasdaq 100
Recommended open position long at 1616.00
Resistance is at 1628.5 and 1642 to 1655
Support is at 1615 to 1609 and 1592.5
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
March 10 Year T-Note
Resistance should appear near
112-22 and 11307
Support is at 112-07
and 111-22
The Frenzied Forex Front
March Yen
Resistance should appear near 9625 to 9641 and 9706 to 9737
Support should appear near 9542 to 9526 and 9445 to 9429
March Euro Currency (EC)
Support should appear at 13220 and 13100 to 13040
Resistance should appear near 13340 to 13460 and 13605
March Swiss Franc
Resistance should appear near 8762 to 8777 and 8856 to 8871
Support should appear near 8683 to
8668 and 8589 to 8560
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 8134
to 8119 and 8044 to 8029
Resistance is at 8194 to 8223 and 8300 to 8314
March Aussie Dollar
Support should appear near 7486 and 7428 to7414
Resistance should appear at 7513 and
7587 to 7601
Precious Metals
February Gold
Resistance should appear at 442.4 to 444.6 and
450.3 to 451.4
Support is at 437 and 431.5 to 430.4
March Copper
Support should appear near 13100 to 13040 and 12830 to 12770
Resistance should appear near 13340 to13460
March Silver
Resistance should appear 699 to 700.5 then 707.5 to 708.5 and 724 to 725.5
Support is at 683.5 to 680.5 then 667.5 to 665.5 and 643 to 641.5
The Exciting Energies
Jan Crude Oil
Resistance should appear near 4304 to 4315 and 4370 to 4381
Support should appear near 4249 to 4238 then 4183 to 4163 and 4120 to 4110
Jan Unleaded Gas
Resistance should appear near 11300 to 11360 and 11500
Support should appear near 11010 to 10960 and 10680 to 10580
Jan Heating Oil
Resistance should appear near 13040 to 13100 and 13340 to 13460
Support should appear near 12740 to 12680 and 12380 to 12320
The Lively Livestock
February Cattle
Resistance should appear near 8762 to 8777and 8857 to 8872
Support is at8592 to 8562 and 8497 to 8482
February Hogs
Support is at 7142 then 7087 to 7072 and 7002 to 6992
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 9707 and 9642 to 9622
The Grande’ Grains
March Corn
Support should appear near 199 3/4 to 198 1/4
Resistance is at 204 1/4 and 208 to 208 3/4
January Soybeans
Support
is at 525 3/4 and 521 1/4 to 520
Resistance is at 534 1/2 to 535 3/4 and
5413/4to 543
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 1982 to 1996 and 2034 to 2042
Support should appear near 1953 to 1946 and 1902 to 1909
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 .
May Coffee
Recommended open position long at 10010
March Cocoa
Support is at 1615 to 1609
Resistance is at 1642 to 1655
March Sugar
Support should appear near 852 to 847
Resistance should appear near 877 to 882
March Cotton
Support should appear near 4250 to 4235 and
4185to4165
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
Thursday December 9th, 20046
6:50 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 March SP500 1186.30
Long March Mini Nasdaq 1616.00
Long March Mini Russell 633
Long March Coffee 9750
Long May Coffee 10010