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Morning Comments Tuesday December 14th 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 13th 2004
2:00 PM Eastern time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near the 10630 to 10680 region. Beyond that a test of 10820 is likely
Support should appear near 10580 and 10525 to 10470
March SP500
Recommended open Position Long at 1186.3
Resistance should appear near 1203.00 and 1217.5
Support should appear near 1197.5 to 1192 and 1180.50
BW Traders should go long if a close over 1197.50 occurs
Nasdaq Composite
Support should appear near 2134 to 2126 and 2107.5
Resistance should appear near the 2170 to 2185 region.
March Mini Nasdaq 100
Recommended open position long at 1616
Resistance is at 1628.5 and 1642 to 1655.
Support is at 1615 to 1609 and 1576 to 1569
BW Traders should go long if a close over 1629 occurs
March Mini Russell 2000
Recommended open position long 633.00
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
BW Traders should go long if a close over 635.5 occurs
March 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
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 13100 to 13030
Resistance should appear near 13340 to 13460 and 1.3615
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 1.9090 to 1.9020 and 18870
Resistance should appear near 1.9276 and 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 7513 to 7486 and 7428 to 7414
Resistance should appear at 7587 to 7601 and the 7675 to 7689 region.
Precious Metals
February Gold
Resistance should appear at 442.5 to 444.6 and the 450.3 to 451.4 region
Support is at 438.1 to 437 and 431.5 to 430.4
March Copper
Support should appear near 134.60 to 133.40 and 131.00 to 130.40
Resistance should appear near the 137.70 to 138.30 region.
March Silver
Support should appear 683.5 to 680.5 and 667.5 to 665.5
Resistance is at 690.5 to 692.0 and 699.0 to 700.5 Beyond that sellers should appear near 714.5 to 717.0
The Exciting Energies
Feb Crude Oil
Resistance should appear near 4183 then 4238 to 4249 and 4304 to 4315.
Support should appear near 4120 to 4110 and 4056 to 4046 ..a slip under augurs for a test of 3992 to 3982 .
Feb Unleaded Gas
Resistance should appear near 11360 and the 11640 to 11690 region ..
Support should appear near 11010 to 10960 and the 10680 to 10580 region.
Feb Heating Oil
Resistance should appear near 12740 and 13040 to 13100.
Support should appear near 12530 and 12380 to 12320
The Lively Livestock
February Cattle
Support should appear near 8682 to 8667 and 8587 to 8562
Resistance is at 8762 to 8777 and the 8857 to 8872 region.
February Hogs
Support is 7172 to 7142 and the 7087 to 7072 region.
Resistance should appear near 7242 to 7257 and the 7327 to 7342 region .. Beyond that sellers should appear near 7417 to 7427 and the 7487 to 7512 region.
February Pork Bellies
Resistance should appear near the 9822 to 9837 region . Beyond that sellers should appear near 9922 to 9937 and the 10022 to 10037 region.
Support is at 9737 to 9707 and 9642 to 9622.
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 ¾.. Beyond that sellers should appear near 212 ¾ to 213 ½
January Soybeans
Support is at 543 to 541 3/4 and 535 3/4 to 534 1/2
Resistance is at 5491/4 to 550 ½ and the 555 ½ to 557 ¾ region.
January Soymeal
Support should appear near 164.2 and 161.5 to 160.9 1
Resistance should appear near 168.9 to 169.6 and 173.1 to 173.8
January Soybean Oil
Resistance should appear near 2034 to 2042 and 2080 to 2089.
Support should appear near 1996 to 1982 and 1953 to 1946.
March CBOT Wheat
Support should appear near 296 1/4 and 293 ¾ to 292 ¾.
Resistance should appear near 303 ¾ to 304 ½ and 309 ¼ to 310 ½
The Satisfying Softs
March Coffee
Recommended open position long at 9750
Support is near 9345 to 9315.. Below that buyers should appear near 9235 and the 9155 to 9140 region.
Resistance should appear near 9425 to 9445 and 9525 to 9545
BW Traders should go long if a close over 9845 occurs
May Coffee
Recommended open position Long at 10010
March Cocoa
Support is at 1576 to 1569 and 1535 to 1529.
Resistance is at 1609 to 1615 and 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 4185 to 4165 .
Resistance should appear near 4305 to 4315 then 4370 to 4380 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
Monday December 13th, 20046
3:25 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