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Morning Comments Wed December 29th 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 28th 2004
1:30 PM Eastern time
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear near 10,960 to 11,010
Support should appear near 10,820 and 10,750
March SP500
Resistance
should appear near 1217.50 and 1232.00 to 1238.00
Support should appear near 1203.00 to 1197.50 and 1192.00
Nasdaq Composite
Support should appear near 2170 and 2152
Resistance should appear near 2177.5 to 2185
March Mini Nasdaq 100
Resistance is at 1642 to 1655
Support is at 1615 to 1609
March Mini Russell 2000
Support
is at 650.9 to 648.3 and 643.0 to 641.7
Resistance is at 657.7 to 659.1 and 665.9 to 667.3
March 10 Year T-Note
Resistance should appear near 111-22 and 112-07
Support is at 111-07 and 110-227
The Frenzied Forex Front
March Yen
Resistance should appear near 9821 to 9837 and 9921 to 9937
Support should appear near 9737 to 9706 and 9641 to 9625
March Euro Currency (EC)
Support should appear at 13605 and 13460 to13340
Resistance should appear near 13770 to 13830
March Swiss Franc
Resistance should appear near 8856 to 8871 and 8934 to 8964
Support should appear near 8777 to 8762 and 8683 to 8668
March British Pound
Support should appear near 19090 to 19020
Resistance should appear near 19460 to 19530
March Canadian Dollar
Support should appear near 8194 and 8134 to 8119
Resistance is at 8223 and 8300 to 8314
March Aussie Dollar
Support should appear near 7689 to 7675 and 7601 to 7587
Resistance should appear at the 7763 to 7777 and 7836 to 7864.
Precious Metals
February Gold
Resistance should appear at 450.3 to 451.4
Support is at 444.6 to 442.5
March Copper
Support should appear near 14210 to 14150
Resistance should appear near 14530 to 14590 and 14840 to 14960
March Silver
Support should appear 700.5 to 699.0 and 683.5 to 680.5
Resistance is at 714.5 to 717 and 724.0 to 725.5
The Exciting Energies
Feb Crude Oil
Resistance should appear near 4238 to 4249 then 4304 to 4315 and the 4370 to 4381 region.
Support should appear near 4120 to 4110 and the 4056 to 4046 region. Below that a test of 3992 to 3982 is likely
Feb Unleaded Gas
Resistance should appear near 10960 to 11010 and 11300 to 11360
Support should appear near 10680 to 10630 and 10580.. Below that a test of 10360 to 10320 is likely
Feb 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 9042 and the 8967 to 8932 region
Resistance is at 9142 to 9157 and 9237
February Hogs
Support should appear near 7342 to 7327 and 7257 to 7242
Resistance should appear near 7412 to 7432 and 7487 to 7512
February Pork Bellies
Resistance should appear near 9427 to 9447 and 9527 to 9542
Support is at 9337 to 9317 then 9237 and the 9157 to 9142 region
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
March Soybeans
Support is at 543 to 541 3/4 and 535 3/4 to 534 1/2
Resistance is at 549 1./2 to 550 1/2 and 555 1/2 to 557 3/4
March 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
March Soybean Oil
Resistance should appear near 2170 to 2185 and 2219 to 2226
Support should appear near 2126 and 2088 to 2080
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
Support
is near 10360 to 10320 then 10140 to 10105 and 10035 to 10020
Resistance should appear near 10580 to 10680 and the 10960 to 11010 region.
March Cocoa
Support
is at 1535 to 1529
Resistance is at 1569 to 1576
March Sugar
Support should appear near 882 to 877
Resistance should appear near 907 to 912
March Cotton
Support should appear near 4380 to 4370 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 and Have a Happy and Safe Holiday !
Bill wil@futurescom.com
1-866-409-3890
Tuesday December 28th 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.
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