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Morning Comments Tuesday December 21st 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 20th 2004
1:30 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 and 1217.50
Support should appear near 1192.00 and 1180.50
Nasdaq Composite
Support should appear near 2126 and 2089 to 2080
Resistance should appear near 2170 to 2185
March Mini Nasdaq 100
Resistance is at 1609 to 1615 and 1642 to 1655
Support is at 1592.5 and 1576 to 1569
March Mini Russell 2000
Support
is at 635 to 633.7 and 627 to 625.7
Resistance is at 641.7 to 643.0 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 9706 to 9737
Support should appear near 9641 to 9625
March Euro Currency (EC)
Support should appear at 13340 and 13100 to 13030
Resistance should appear near 13460 and 13605
March Swiss Franc
Resistance should appear near 8763 to 8777m 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
Resistance should appear near 19460 to 19530
March Canadian Dollar
Support should appear near 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 near14210 and 14530 to 14590
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 to 700.5
The Exciting Energies
Feb Crude Oil
Resistance should appear near 4639 to 4650 and 4695 to 4717
Support should appear near 4514 to 4503 and 4446 to 4425
Feb Unleaded Gas
Resistance should appear near 12320 to 12380 and 12680 to 12740
Support should appear near 11920 and 11690 to 11640
Feb Heating Oil
Resistance should appear near 14150 to 14210 and 14530 to 14590
Support should appear near 13830 to 13770 and 13460 to 13340
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 7257 to 7242 and 7172 to 7142
Resistance should appear near 7327 to 7342 and 7417 to 7427
February Pork Bellies
Resistance should appear near 9822 to 9837 and 9922 to 9937
Support is at 9707 then 9642 to 9622 and 9542 to 9527
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 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 550 1/2 then 555 1/2 to 557 3/4 and 564 to 565 1/4
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 2126 to 2134
Support should appear near 2080 and 2042 to 2034
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 1/2 and 314 3/4 to 315 3/4
The Satisfying Softs
March ' The Monster ' Coffee
Recommended open position long at 10025
Support is near 10630 to 10580 and 10360 to 10320
Resistance should appear near 10820 and 10960 to 11010
March Cocoa
Support
is at 1576 to 1569 .
Resistance is at 1609 to 1615
March Sugar
Support should appear near 882 to 877
Resistance should appear near 907 to 912
March Cotton
Support should appear near 4385 to 4370 and 4315 to 4305
Resistance should appear near 4505 to 4515 and 4570 to 4585
- 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 20th, 2004
2:30 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