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FuturesCom
Investment Publications
Morning Comments Monday December 20th 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
Friday Dec 17th 2004
2:30 PM Eastern time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 10680 and 10820
Support should appear near 10630 then 10580 and 10470
March SP500
Resistance
should appear near 1203.00 then 1217.50 and 1232.00 to 1238.00 region
Support should appear near 1197.5 then 1192.00 and 1180.50
Nasdaq Composite
Support should appear near 2134 to 2126 and 2089 to 2080
Resistance should appear near 2170 to 2185 and the 2219 to 2226 region.
March Mini Nasdaq 100
Resistance is at 1615 then 1628.5 and 1642 to 1655
Support is at 1609 then 1592.5 and 1576 to 1569
March Mini Russell 2000
Support
is at 643.00 to 641.70 and 635 to 633.7
Resistance is at 648.3 to 650.9 and 657.7 to 659.1
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 9641and 9706 to 9737
Support should appear near 9542 to 9526
March Euro Currency (EC)
Support should appear at 13100 to 13030
Resistance should appear near 13340 to 13460
March Swiss Franc
Resistance should appear near 8683 and 8763 to 8777
Support should appear near 8668 and 8589 to 8560
March British Pound
Support should appear near 1.9090 to 1.9020
Resistance should appear near 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 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 13830 to 13770
Resistance should appear near the 14150 to 14210.
March Silver
Support should appear 667.5 to 665.5 and 651 to 648.5
Resistance is at 680.5 to 683.5 and 690.5 to 692.0
The Exciting Energies
Feb Crude Oil
Resistance should appear near 4695 to 4717 and 4775 to 4785
Support should appear near 4582 to 4571 and 4514 to 4503.
Feb Unleaded Gas
Resistance should appear near 12320 to 12380 and 12680 to 12740
Support should appear near 12030 to 11920 and 11690 to 11640
Feb Heating Oil
Resistance should appear near 14530 to 14590 and 14840 to 14960
Support should appear near 14250 to 14150 and 13830 to 13770
The Lively Livestock
February Cattle
Support should appear near 8967 to 8937 and 8872 to 8857
Resistance is at 9042 to 9062 and 9142 to 9157
February Hogs
Support should appear near 7342 to 7327 and 7257 to 7242
Resistance should appear near 7417 to 7427 and 7487 to 7512
February Pork Bellies
Resistance should appear near 9822 to 9837 then 9922 to 9937 and 10022 to 10037
Support is at 9737 to 9707 and 9642 to 9622
The Grande’ Grains
March Corn
Support should appear near 2204 1/4 to 203 1/2 and 199 3/4 to 198 1/4
Resistance is at 208 to 208 3/4.. Beyond that sellers should appear near 212 3/4 to 213 1/2
January Soybeans
Support is at 543 to 541 3/4 and 535 3/4 to 534 1/2
Resistance is at 549 1/4 to 550 1/2 and the 555 1/2 to 557 3/4 region.
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 2080 to 2089 and 2126 to 2134
Support should appear near 2042 to 2034 and 1996 to 1982
March CBOT Wheat
Support should appear near 299 to 297 1/4 and 293 3/4 to 292 3/4.
Resistance should appear near 304 1/2 and 309 1/4 to 310 1/2
The Satisfying Softs
March ' The Monster ' Coffee
Recommended open position long at 10025
Support is near 10360 to 10320 and 10135 to 10105
Resistance should appear near 10580 to 10630 and 10680.
March Cocoa
Support
is at 1576 to 1569 .
Resistance is at 1609 to 1615
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 4425 to 4445 and 4505 to 4515
- 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
Friday December 17th, 2004
3:50 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 Coffee 10025