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FuturesCom Investment Publications
Morning Comments  Tuesday October 11th, 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

Monday Oct 10th  2005
3:00 PM   Eastern Time 

   

 

                          The Sensational Stock and Bond Markets  

 

Dow Jones Industrial Average
Resistance
should appear near 10,320.00 to 10,360.00, a close over is friendly and augurs for a test of 10,470.00 
Support
should appear near 10,185.00...Below that buyers should appear near the 10,136.00 to 10,104.00 region  .

Dec SP500
Recommended open position Long 2 at 1219.10
Support
should appear near  1180.50 the 1169.00 to 1164.00 region
Resistance should appear near 1192.00 and 1197.50 to 1203.00. 

Nasdaq Composite
Support
should appear near 2061.00 and the 2042.00 to 2034.00 region..
Resistance should appear near 2080 to 2089.00 and 2107.50. 
Trade Accordingly

Dec Mini Nasdaq 100
Recommended open position long at 1593.00
Resistance
should appear near 1569.00 to 1676.00.
Support should appear near 1535.00 to 1529.00  
 

Dec Mini Russell 2000
Recommended Open Position Long 2 at 672.5
Support
is at the 635.00 to 633.70 region. Below that buyers should appear near 627.00 to 625.70
Resistance should appear near 641.70 to 643.00 and 648.30 to 650.90. 
 

December 10 Year T-Note  
Resistance should appear near 110-07 and 110-21 
Support  at 109-21 and 109-07
.
December 30 Yr   T-Bond 
Resistance
should appear near 114-22.. Beyond that a trade towards 115-07 is likely ..
Support  is at 114-07 and 113-21                                       
                         

                                      The Frenzied Forex Front

 Dec  Yen
Resistance
should appear near 8856 to 8871 and the 8964 to 8934 region.
Support should appear near the 8777  to 8762 region. Below that buyers should appear near 8683 to 8668 and contain a decline ..
Trade accordingly .

Dec  Euro Currency (EC)
Recommended open Position Short at 12174
Support should appear at 12030 to 11920.. 

Resistance
should appear near 12175 and the 12320 to 12380 region.. 

Dec Swiss Franc
Recommended open position Short at 7937
Resistance
should appear near 7864 and  the 7939 to 7954 region.
Support should appear near 7777 to 7763 .. Below that a test of 7689 to 7675 is likely. .  

December British Pound
Support
should appear near 17380 to 17310.
Resistance should appear near 17560 and 17740 to 17810 and 17940.
BW Traders should go short if a close under 17558 occurs.

Dec  Canadian Dollar
Resistance
 should appear near 8560 to 8589 and the 8668 to 8683 region
Support is at  8499 to 8484, a close under is negative and augurs for a test of  8406 to 8391 and most likely the 8314 to 8300 region..

Dec Aussie Dollar
Recommended Open Position Short at 7587
Support
should appear near 7513 to 7486 and the 7428 to 7414 region    
Resistance should appear near 7587 to 7601 and the 7664 to 7689 region.


                                                
Precious Metals
Dec Gold
Resistance
should appear at 484.5 to 486.6 and 491.5 to 492.6
Support is at  471.7 to 469.5 and 465.0 to 463.9


Dec Copper
Recommended open Position Short at 18070
Support should appear near 17800 to 17740 and 17380 to 17310     

Resistance
should appear near 18080 then 18150 and 18220 ..
Beyond that sellers should appear near 18580 to 18650

Dec Silver 
Support
should appear near 760.5 to 758.5 and  742.5 to 741.5..
Resistance is at  786.5 and 802.5 to 804.5 .. 
.

 

The Exciting Energies

Nov Crude Oil
Resistance
should appear near 6257 to 6270 and 6337 to 6350 
Support
should appear near 6190 to 6165 and 6113 to 6101

Nov Unleaded Gas 
Re
sistance
should appear near 18580 to 18650 and 19020 to 19090 
Support
should appear near 17800 to 17740. A slip under is negative and augurs for a test of 17380 to 17310 

Nov Heating Oil
Re
sistance should appear at 19820 to 19920 and 20340 to 20420..
Support
should appear near 19530 to 19460 and 18650 to 18580 ..

The Lively Livestock  

Dec  Cattle
Support
should appear near 9060 to 9042 and the 8967 to 8937 region ..
Resistance is at  9142 to 9157 and 9317 to 9347 ..

Dec Hogs
Support
is 6432  to 6417 and the 6352 to 6337 
Resistance is at  6487 to 6512 and  6577 to 6592 .

February Pork Bellies
Resistance
should appear near 9707 to 9737 and 9822 to 9837 
Support should appear near 9542 to 9527 and the 9447 to 9427 region

                                         

                                                 The Grande’ Grains

November Soybeans
Resistance
at 564 to 565 1/4 and 571 3/4 to 572 3/4
Support
should appear near 550 1/2 to 549 1/4 region. Below that buyers should appear near 535 3/4  to 534 1/2
Trade Accordingly and stay tuned for updates.

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

Dec  Soybean Oil
Resistance
should appear near the 2354 to 2370 and 2411 to 2419
Support
should appear near 2322 to 2315 and the 2275 to 2267 region.

Dec Corn
Resistance should appear near 203 1/2 to 204 1/4 and 208 to 208 3/4
Support is at 199 3/4 to 198 1/4  and 195 1/4 to 194 3/4..


Dec Wheat

Resistance should appear near 342 1/2 to 344 1/4 , a close over is friendly and augurs for a test of  349 1/4 to 350 1/4.
Support should appear near 332 3/4 to 331 3/4 and  327 to 326 1/4  BW .Traders can buy at 333 1/4 and hold for higher prices  

Trade Accordingly and stay tuned for Updates..
           

 

                                                          The Satisfying Softs  
Dec 'The Monster' Coffee
Recommended open position long at 9260
Support  
should appear
near 9735 to 9705 and 9545 to 9525 .. under that buyers should appear near 9345 to 9315 and 9155 to 9140 , which should contain a decline for a bit..BW Traders can buy at  9155 for a bounce and hold  for higher prices..
Resistance
should appear near 9920 to 9935 and the 10020 to 10035 region Beyond that a test of 10105 to 10135 is likely.

Dec Cocoa
Support
is at 1346 to 1334 and 1310 to 1304 .
Resistance is at  1377 to 1383 and 1415 to 1421

March  Sugar
Support
should appear near 1136 to 1130 and 1101 to 1096..
Resistance should appear near  1169 and the 1192 to 1203 region
Trade Accordingly .

Dec Cotton
S
upport should appear near 5505 to 5490 and the 5430 to 5415 region  Below that buyers should appear near 5355 to 5345. 
Resistance should appear near 5640 to 5655 and the 5715 to 5730 region.. Beyond that 5855 to 5880 should cap a rally.

 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 October 10th , 2005
4:00 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 10-10-2005
Long 2 Dec SP500 1219.10
Long Dec  Mini Nasdaq 1593 
Long 2  Dec Mini Russell 672.50
Short Dec EC 12174
Short Dec Swiss Francs 7937
Short Dec Aussie Dollars 7587
Short Dec Copper 180.70
Long Dec Coffee 9260