Economic and Investment Trend Analysis

Economic and Investment Trend Analysis - Socio Economics
Dow Jones - SP500 - Nasdaq - Russell 2000 - Treasuries - Forex - Precious Metals - Energy - Livestock - Grains - Softs
Premier Service - Platforms - Quotes - Online Signup - Bi-Weekly Outlook Archives - Special Reports - DIY Index

FuturesCom Investment Publications
Morning Comments Wed Nov 9th , 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

Tuesday Nov 8th 2005
8:00 PM South Florida Beach Time

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near the 10,580.00 to 10,680.00 region
Support should appear near 10,470 and the 10,360 to 10,320 region.

Dec SP500
Recommended open position Long 2 at 1219.10
Support remains at 1217.50 and 1203.00 to 1192.00
Resistance should appear near 1232.00 to 1238.00 , a close over is friendly and augurs for an eventual test of 1253.00.

Nasdaq Composite
Support should appear near 2152 and 2134 to 2126..
Resistance should appear near 2185, an extended trade or close over augurs for an eventual test of 2219 to 2226 region ..
Which appears to be more likely than not.. Trade Accordingly

Dec Mini Nasdaq 100
Recommended open position long at 1598.50
Resistance should appear near the 1642.00 to 1655.00 , a close over augurs for a test of the 1689 to 1696 region .
Support should appear near 1615 to 1609 and 1592.5.
BW Traders can buy at 1593.00 for a good turn higher and risk a close under 1567 for three days in a row.

Aggressive BW Traders should go long if a close over 1657 occurs

Dec Mini Russell 2000
Recommended Open Position Long 2 at 672.5
Support is at 659.10 to 657 and the 650.90 to 648.30 region ..
Resistance should appear near 665.90 to 667.30., a close over is friendly and augurs for a test of 674.40 to 675.50

December 10 Year T-Note
Resistance should appear near 108-21 and 109-07 .
Support at 108-07 and 107-21.

December 30 Yr T-Bond
Resistance should appear near 112-07 and 112-21
Support is at 111-21 and 111-07

The Frenzied Forex Front

Dec Yen
Resistance should appear near the 8667 to 8683 region .
BW .Traders can sell at 8662 for a turn lower and risk a close over 8691 for three days in a row..
Support should appear near 8499 to 8484
BW Traders should go short if a close under 8481 occurs..

Dec Euro Currency (EC)
Recommended open Position Short at 11970
Support should appear at the 11690 to 11640 region.
Resistance should appear near 11805 and 11920 to 11975

Dec Swiss Franc
Recommended open position Short 2 at 7811 avg
Resistance should appear near 7675 to 7689 and 7726
Support should appear near 7601 to 7587 and the 7513 to 7486 region
Trade Accordingly ..

December British Pound
Recommended open position Short at 17435
Support should appear near 17380 to 17310
Resistance should appear near 17740 to 17800 ..

Dec Canadian Dollar
Resistance should appear near 8484 to 8499
Support is at 8406 to 8391 and 8314 to 8300

Dec Aussie Dollar
Support should appear near 7255 to 7242 and the 7170 to 7143 region ..
Resistance should appear near 7328 to 7342 and the 7414 to 7428 region .BW Traders can sell at 7412 and hold for lower prices.

Precious Metals
Dec Gold
Resistance should appear at 463.9 to 465.0 and the 469.5 to 471.7 region
Support is at 458.2 to 457.1 and the 451.4 to 450.3 region..

Dec Copper
Support should appear near 18220 to 18080, a close under augurs for a test of 17800 to 17740
Resistance should appear near 18580 to 18650 region.. Beyond that sellers should appear near 19020 to 19090
Aggressive BW traders should go short if a close under 180.70 occurs

Dec Silver
Support should appear near 751.5 to 748.5 and 742.5 to 741.5.. Below that buyers should appear near the 734.5 to 732.5 region
Resistance is at 767.5 to 768.5 and the 776.0 to 777.5 783.0 region

The Exciting Energies

Dec Crude Oil
Resistance should appear near 6023 to 6035 and 6101 to 6113
Support should appear near 5880 to 5855 and the 5729 to 5716 region...

Dec Unleaded Gas
Resistance should appear near 15690 to 15760 and 16090 to 16150
Support should appear near 15350 to 15290 and 14960 to 14840.

Dec Heating Oil
Resistance should appear at 18080 to 18220
Support should appear near 17380 to 17310 .

The Lively Livestock

Dec Cattle
Support should appear near 9157 to 9137 and the 9062 to 9042 region .
Resistance is at 9237 then 9317 to 9347 and the 9427 to 9447 region

Dec Hogs
Recommended open Position Short at 6162
Support is 6272 to 6257 and 6192 to 6162
Resistance is at 6337 to 6352 and 6417 to 6432
Be short

February Pork Bellies
Recommended open position Short at 9137
Resistance should appear near 9142 to 9157 region.. Beyond that sellers should appear near 9237 and the 9317 to 9347 region
Support is at 9062 to 9042 and 8967 to 8937

The Grande’ Grains

January Soybeans
Recommended open position Short at 585 1/4
Resistance at 585 1/2 to 588 and 595 1/2 to 595 3/4
Support should appear near 580 1/2 to 579 3/4 and 572 3/4 to 571 3/4

Dec Soymeal
Recommended open position Short at 169.5
Support should appear near 173.8 to 173.1 and the 169.5 to 168.9 region
Resistance should appear near 177.4 to 178.0 and 180.8 to 182.2

Dec Soybean Oil
Resistance should appear near 2315 to 2322 and 2354 to 2370 ,
Support should appear near 2275 to 2267... A close under is negative and augurs for a test of 2226 to 2219.
BW Traders should go short if a close under 2264 occurs..

Dec Corn
Resistance should appear near 195 1/4 and 198 1/4 to 199 3/4
Support is at 190 3/4 to 190 1/4 and 186 1/2 to 185 3/4
Trade accordingly ...

Dec Wheat
Resistance should appear near 314 3/4 to 315 3/4 and the 319 1/2 to 321 1/4 region ..
Support should appear near 304 1/2 to 303 1/4.. Below that support should appear near 299 to 297 1/4

The Satisfying Softs

March ‘ The Monster ' Coffee
Support should appear near 11010 to 10960.
Resistance should appear near 11300 to 11360

March Cocoa
Support is at 1346 to 1334, a slip under is negative and augurs for test of 1310 to 1304 .
Resistance is at 1376 to 1383 and the 1415 to 1421 region. BW .Traders can sell at 1414 and hold for lower prices.

March Sugar
Support should appear near 1101 to 1096
Resistance should appear near 1130 to 1136 .
Trade Accordingly .

March Cotton
Support should appear near 5355 to 5345 and 5285 to 5255
Resistance should appear near 5415 to 5430 and 5490 to 5505 .

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
Tuesday Nov 8th, 2005
9:00 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 11-8-2005
Long 2 Dec SP500 1219.10
Long Dec Mini Nasdaq 1598.50
Long 2 Dec Mini Russell 672.50
Short Dec EC 11970
Short 2 Dec Swiss Francs 7811 avg
Short Dec Hogs 6162
Short Feb Port Bellies 9137
Short Jan Beans 585 1/4
Short Dec Soymeal 169.5