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FuturesCom Investment Publications
Morning Comments  Friday October 7th, 2005
 Serving Professional and Individual Traders World Wide since 1988
1650 SW Malmo Rd , Port St. Lucie ,  Florida 34953 -  USA and Canada Toll Free : 1-866-409-3890 -  Intl : 1- 772-621-4234  http://www.futurescom.com 

 

Courage in a Speculator is merely confidence to act on the decision of  his mind

Thursday Oct 6th  2005
9:45 PM   Eastern Time 

                                                       

                                    The Sensational Stock and Bond Markets  

Dow Jones Industrial Average
Resistance should appear near 10,320.00 to 10,360.00
Support should appear near 10,252.00 and 10,185.00 

Dec SP500
Recommended open position Long 2 at 1219.10
Support should appear near 1197.50 to 1192.00 and 1180.50
Resistance should appear near 1203.00 and 1217.50 

Nasdaq Composite
Support should appear near 2080.00. and 2061.00
Resistance should appear near 2107.5 and the 2126 to 2134 region

Dec Mini Nasdaq 100
Recommended open position long at 1593.00
Resistance should appear near 1569.00 to 1576.00 and 1592.5 
Support is at 1552 and the 1535 to 1529 region 
  
Dec Mini Russell 2000
Recommended Open Position Long 2 at 672.5
Support is at the 643.00 to 641.70 , below that 635.0 to 633.70 should contain a decline 
Resistance should appear near 648.20 to 650.90  Beyond that a test of the 657.70 to 659.1 is likely is occur.. 

Trade Accordingly

December 10 Year T-Note  
Resistance should appear near 109-22 and 110-07 beyond that sellers should appear near 110-21
Support  at 109-07 and 108-21, below that a test of 108-07 is likely

December 30 Yr   T-Bond
Resistance should appear near 11407- and 114-21.. Beyond that sellers should appear near 115-07
Support  is  at 113-21 and 113-07, under that buyers should appear near 112-21 and 112-07

 

                                                        The Frenzied Forex Front

Dec  Yen
Resistance should appear near 8934 to 8964.and the 9044 to 9060 region 
BW Traders can sell at 9037 and hold for lower prices.. 
Support should appear near  the 8871 to 8856, a close under augurs for a test of the 8777  to 8762 region...
Trade accordingly .

Dec  Euro Currency (EC)
 Recommended open Position Short at 12174
Support should appear near 12175 , a close under is negative and augurs for a test of 12030 to11920 ..
Resistance should appear near 12247 and the 12320 to 12380 region  

Dec Swiss Franc
Recommended Open position Short at 7937
Resistance should appear near 7939 to 7954 and 8029 to 8044.
Support should appear near 7864 to 7836 and 7777 to 7763 

December British Pound
Support should appear near 17380 to 17310  
Resistance should appear near 17740 to 17800 and the 18080 to 18220 region
BW Traders can sell at 18072 and risk a close over 18236 for three days in a row. 
Dec  Canadian Dollar
Resistance  should appear 8560 to 8589 
Support is at 8484.. below that a test of 8407 to 8391 is likely .

Dec Aussie Dollar
Recommended open position short at 7587
Support should appear near 7513 to 7486. 
Resistance should appear near 7587 to 7601
Stay tuned for updates..

 

                                                Precious Metals
Dec Gold
Resistance should appear at 477.5 to 478.5 and 484.5 to 485.6
Support is at 471.7 to 469.5 and 465.0  to 463.9 .. below that a test of the 458.2 to 457.1 region is likely. 

Dec Copper
Support should appear near 178.00 to 177.40 and 17380 to 17310  
Resistance should appear near 18080 to 18220 region..  which should cap a rally..    
BW Traders can sell at 18070 for a turn lower  risk a close over 18680 for three days in a row. .

Dec Silver 
Support should appear near 751.5 to 748.5 and 734.5 to 732.5  
Resistance should appear near 776.5 to 777.5 and 783.5 to 786.5 .  


The Exciting Energies

Nov Crude Oil
Resistance should appear near 6257 to 6270 and 6227 to 6350.
Support should appear near 6113 to 6101and the 6035 to 6023 region . 

Nov Unleaded Gas 
Resistance should appear near 19020 to 19090 and 19460 to 19530 .. Beyond that sellers should appear near 
19820 to 19960 and cap a rally. 
Support should appear near 18220 to 18080 and the 17800 to 17740 region.
Below that a test of 17380 to 17310 is likely.   

Nov Heating Oil
Resistance should appear near 20340 to 20420 and 20800 to 20890    
Support should appear near 19530 to 19460 and 18650 to 18580

 

The Lively Livestock  

Dec  Cattle
Support should appear near  9062 to 9040 and the 8967 to 8937 region   
Resistance is at 9142 to 9162 and 9237

Dec Hogs
 Resistance is at 6482 to 6507 and 6577 to 6592
Support is 6432 to 6417 and the 6352 to 6337 region 
February Pork Bellies
Resistance should appear near 9707 to 9737 and 9822 to 9847
Support is at 9542 to 9527 and 9447 to 9427   ... 


                                                The Grande’ Grains

November Soybeans
 Recommended Open position Short at 578 3/4
Resistance is at 571 3/4 to 573  
Support should appear near 557 3/4 to 555 1/4

Dec Soymeal
 Support should appear near 165.5 to 164.2 and the 161.5 to 160.9 region 
Resistance should appear near 168.9 to 169.6 and 173.1 to 173.8..  

Dec  Soybean Oil
 Resistance should appear near 2461 to 2469 
Support should appear near 2370 to 2354  

Dec Corn
Resistance should appear near 208 to 208 3/4 and 212 3/4 to 213 1/2 .
BW traders can sell at 212 1/2 and risk a close over 223 1/4 for three days in a row,. 
 Support is at 204 1/4 to 203 1/2 and the 199 3/4 to 198 1/.4 region 

Dec Wheat
Resistance should appear near 349 1/4 to 350 1/4 and the 355 1/4 to 356 1/4 region 
Support should appear near 344 1/4 to 342 1/2 and the 338 3/4 to 337 3/4 region       
Trade Accordingly and stay tuned for Updates..            

 

                                                         The Satisfying Softs  

Dec 'The Monster' Coffee
Recommended open position long at 9260
Support  should appear near 9345 to 9315 and 9155 to 9140 
Resistance should appear near 9525 to 9545 and 9705 to 9735 .

Dec Cocoa
Support is at 1383 to 1377 and 1346 to 1334
Resistance is at 1415 to 1421 and1453 to 1459

March  Sugar
Support should appear near 1136 to 1130 
Resistance should appear near 1164 to 1169 

Dec Cotton
Support should appear near 5355 to 5345 and 5285 to 5255  
Resistance should appear near 5415 to 5430 and the 5490 to 5505 region     

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 Oct 6th,  2005
11:15 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 – 2005 all rights reserved Terms

BW Recommended Open Positions 10-6-2005
 Long 2 Dec SP500 1219.10
Long Dec  Mini Nasdaq 1593 
Long 2  Dec Mini Russell 672.50
Short Dec EC 12175
Short Dec Swiss Francs 7937
Short Dec Aussie Dollars 7587
Short Nov Soybeans 578 3/4 
Long Dec Coffee 9260