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FuturesCom Investment Publications
Morning Comments Friday
Nov 25th, 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
“A lot of people approach risk as if it’s the enemy, when it’s
really fortunes accomplice.”
Thursday Nov 24th 2005
12:45 AM South Florida Beach Time
The U.S Exchange Thanksgiving Day Holiday Schedule is at the End of Today's letter
The Sensational Stock and Bond Markets
Dow Jones Industrial
Average
Resistance
should appear near the
10,960.00 to
11,010.00 region.
Support
should appear near 10,820.00 and 10680.00 to 10580.00 .
Dec SP500
Support should appear near
1268.00 and
1260.50
Resistance should appear near
1274.00 and 1289.00
Nasdaq Composite
Support should appear near 2226.00 to 2219.00.
Resistance should appear near 2267 to 2275.00
Dec Mini Nasdaq 100
Resistance should appear near
the 1731.00 to 1736.00 region.
Support should appear near 1696.00 to 1689.00
Dec Mini Russell 2000
Support is at
680.90 and 675.50 to 674.30
Resistance should appear near 690.6 to 691.90
March 10 Year T-Note
Resistance should appear near 109-07
and 109-21 ..
Support should appear near 108-21 and 108-07.
March 30 Year 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
Recommended Open position Short at 8483
Resistance should appear near 8484 to
8499 and 8560 to 8589.
Support should appear near 8406 to 8391, a slip under augurs for a test of
the 8314 to 8300 region
BW Traders should go short if a close under 8387 occurs..
Dec Euro Currency (EC)
Support should appear at 11805
and the 11690 to 11640 region.
Resistance
should appear near 11862 and the 11920 to 11975 region..
BW Traders should go short if a close under 11637 occurs.
Dec Swiss Franc
Recommended open position Short 7685
Resistance should appear near 7675 to
7689
Support should appear near the 7601 to 7587 region
December British Pound
Support should appear near 16960 to
16890 and 16720
Resistance should appear near 17310 to 17380. BW Traders can sell
at 17310 and hold for lower prices..
BW Traders should go short if a close under 17132 occurs.
Dec Canadian Dollar
Resistance should appear near
8560 to 8589
Support is at 8499 to 8484
Dec Aussie Dollar
Support should appear near 7342 to
7328
Resistance should appear near 7414 to 7428 BW Traders can sell at 7412 and
hold for lower prices..
The Lively Livestock
Feb Cattle
Support should appear near 9347 to 9317 and 9237 .
Resistance is at
9432 to 94447 and 9527 to 9542
Feb Hogs
Recommended open Position Short 2 at
6560 avg
Support is 6512 to 6487 and 6432 to 6412
Resistance
is at 6577 to 6592 and 6657 to 6672
Feb Pork Bellies
Recommended open position short at 8670
Resistance should appear near
8857 to 8872 and 8932 to 8962
Support is
at 8777 to 8762 and 8682 to 8667
The Grande’ Grains
Jan Soybeans
Recommended open position short at 562
Resistance at 564 to 565
1/2 and 571 3/4 to 572 3/4 . .
Support should appear near 557 3/4 to 555 1/4
and the 550 1/2 to 549 1/4 region
Jan Soymeal
Recommended open position Short at
173.2
Support should appear near the 169.5 to 168.9 region.
Resistance should appear near
173.1 to 173.8 .
Jan Soybean Oil
Resistance should appear near 2219
to 2226 and 2267 to
2275 . ..
Support should appear near 2170, a close under is
negative and indicates a trade towards 2134 to 2126.
BW Traders should go short if a close under 2169 occurs..
March Corn
Resistance should appear near 208 to 208 3/4 and 212 3/4 to 213 1/2
..
Support is at 203 1/2 and 199 3/4 to 198 1/4..
March Wheat
Resistance should appear near 314 3/4
to 315 3/4 . .
Support should appear near 310 1/4 to 309 1/4 .
Ship in Harbor is Safe...But that is not what ships are built for –
U.S. subscribers Have a Safe
and Happy Thanksgiving !
Happy Trading !
Bill
wil@futurescom.com
1-866-409-3890
Thursday Nov 24th 2005
1:25 AM 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 11-24-2005
Short Dec Yen 8483
Short Dec Swiss Francs 7685
Short March Copper 18470
Short 2 Feb Hogs 6560 avg
Short Feb Bellies 8670
Short Jan Soymeal 173.2
Short Jan Soybeans 562
Long March Coffee 10370
Short March Cocoa 1414
ALL U.S. EXCHANGES WILL BE CLOSED Thursday, November 24th, 2005
CBOT
Wednesday, November 23
Friday, November 25
e-cbot: Wednesday, Nov 23 – Electronic Metals will close at 12:30PM. Electronic Financials will close at 1:00PM. All other eCBOT contracts will have normal trading hours. Thursday, Nov 24 – All Daytime e-cbot trading will be closed. Overnight Metals will be closed. All other e-cbot evening contracts will have normal evening trading hours. Friday, Nov 25 e-cbot Metals will remain closed. E-cbot Stock Index contracts will close at 12:30pm. Electronic Financials will close at 1:00pm. All other e-cbot contracts will have normal closing hours.
CME
Wednesday, November 23
Friday, November 25
NYMEX/CMX
Wednesday, November 23
Friday, November 25
ACCESS: Wednesday, Nov 23 and Thursday, Nov 24 will be closed, and reopens Sunday November 27 at 6:00PM.
NYBOT (CSCE, NYCE, NYFE and FINEX)
Wednesday, November 23
Thursday, November 24
Friday, November 25
KCBOT
Wednesday, November 23
Thursday, November 24
Friday, November 25
MGEX
Wednesday, November 23
Friday November, 25
WPG
NYSE
Wednesday, November 23
Friday, November 25
Note: All times are quoted in Chicago Time. Information is subject to change by the individual Exchanges.