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FuturesCom Investment Publications
Morning Comments Wed August 11th,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 August 10th, 2004
3:20 PM eastern time 

Open BW Positions

                            The Frenzied Forex Front

Sept Yen
Recommended open position Short at 8984
Resistance should appear near 9044 to 9060 and 9156 to 9140 
Support should appear near 8964 to 8934 and the 8871 to 8856 region.    

Sept Euro Currency (EC)
Support should appear at  12175 and 12030 to 11975 
Resistance is at  the 12320 to 12380 region. Beyond that sellers  should appear near 12500

BW Traders should go short if a close under 12172 occurs

Sept Swiss Franc
Resistance should appear near  7939 to 7954 and 8029 to 8044  
Support should appear near the 7864 to 7836 region

BW Traders should go short if a close under 7927 occurs,

Sept British Pound
Support  should appear near 18150 to 18080.
Resistance should appear near 18400 and the 1.8580 to 1.8650 region. BW Traders can sell at 18570 and risk a close over 18680 for three days in a row. 

BW Traders should go short if a close under 18212 occurs.

Sept Canadian Dollar
Recommended open position Short at 7574
Support should appear near 7513 to 7486  
Resistance is at 7586 to 7601 and 7675 to 7690.

Sept Aussie Dollar
Recommended Open Position Short at 7137
Support should appear near 7088 to 7074 and 7003 to 6990.
Resistance should appear at  7143 to 7170 .Beyond that sellers should appear near
 the 7242 to 7255  region.
BW Traders should go short if a close under 7072 occurs..

Trade accordingly and stay tuned for Flashes
 

                                       The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near the 10021 to 10037 region 
Support should appear near 9937 to 9921 and 9837 to 9821.

September SP500
Recommended open position Long at 1076.10
Resistance should appear near 1082.00 and 1096.00 to 1101.00 
Support should appear near 1068.00 to 1063.00 and 1058.00 .. Below that buyers should appear near 
the 1036.00  to 1032.00 region.. BW  Traders can buy at 1036.30 and risk a close under 1030.90 for three days in row. 

Nasdaq Composite
Support should appear near 1780 to 1774 and 1738 to 1731
Resistance should appear near 1808 to 1822 and 1858 to 1865 

Sept Mini Nasdaq 100
Resistance is at 1346 and 1377 to1383
Support is at 1334 and 1310 to 1304

Sept 10 Year T-Note
Resistance should appear near 112-07 and 112-22 
Support is at 111-22 and 111-07

Precious Metals

December  Gold
Resistance should appear at  404.6 to 405.6  BW Traders can sell at 404.5 and hold for lower prices..
Beyond that sellers should appear at 411.0 to 412.0
Support is at 399.3 to 398.2 and 392.9 to 390.9
BW Traders should go short if a close under 398.2 occurs.

Sept Copper
Support should appear near 12380 to 12320.. Below that buyers should appear near 12030 to 11920    
Resistance should appear near 12680 to 12740 and 13030 to 13100

Sept Silver
Support should appear 667.5 to 665.5 region and 650.5 to 648
Resistance is at  674 to 675.5 and 680.5 to 683.5  
BW Traders should go short if a close under 665.5 occurs.

                              The Exciting Energies
Oct Crude Oil
Resistance  should appear near 4425 to 4446 and 4503 to 4514.  Beyond that sellers should appear near 4571 to 4582 and should cap the rally. BW Traders can sell at 4501 and risk a close over 4591 for three days  in a row. 
Support should appear near 4381 to 4370 and 4315 to 4304
BW Traders should go short if a close under 4302 occurs

Sept Unleaded  Gas
Resistance should appear near 12380 then 12500 and 12680 to 12740 
Support should appear near 12030 to 11920 .. a close under augurs for a test of 11690 to 11640 
BW Traders should go short if a close under 12310 occurs.

Sept Heating Oil
Resistance should appear near 11920 to 12030 and the 12320 to 12380 region..  
Support should appear near 11690 to 11640 and 11360 to 11300. 

                                                The Lively Livestock

October Cattle
Recommended open position short at 8852 
Support should appear near the 8777 to 8762 and 8682 to 8667
Resistance is at 8937 to 8967 and 9042 to 9062

October Hogs
Recommended open position Short 3 at 6890 avg
Support is at 6837 to 6812 and the 6757 to 6742 region 
Resistance is at 6907 to 6922 then 6992 to 7002 and 7072 to 7087

February  Pork Bellies
Resistance should appear near the 9817 to 9837 region.. Beyond that sellers should appear near 9922 to 9937.. BW Traders can sell at 9917 and risk a close over 10057 for three days in  row.
Support  is 9707 then 9642 to  9622 and 9542 to 9527 
BW Traders should go short if a close under 9617 occurs

                                  The Grande’ Grains

December Corn
Support should appear near 232 1/4 to 231 1/2 and 227 1/2 to 226 1/4 
Resistance  is at  237 and  241 1/4 to 241 3/4. Beyond that sellers should appear near  246 1/4  to 246 3/4 
BW Traders can sell at 245 3/4 for a turn lower .. 
BW Traders should go short if a close under  235 1/4 occurs.

November Beans
Support is at  557 3/4  to 555 1/4.and the 550 1/2 to 549 1/4 region 
Resistance is at 564 to 565 1/4  then 571 3/4 to 572 3/4 and 585 1/2 to 588. BW  Traders can sell at 585 1/4 for a turn lower and hold for lower prices..  Risk a close over 595 3/4 for three days in a row
BW Traders should go short if a close under 554 3/4 occurs.

December Soymeal
Recommended Open Position Short at 175.2
Support should appear near  173.1 and 169.6 to 168.9
Resistance should appear near 177.4 to 178.0 and 180.8 to 182.20  

December Soybean Oil
Recommended open Position Short at 2125
Resistance should appear near 2126 to 2134 and 2170 to 2185
Support should appear near 2088 to 2080 ..Below that a test of 2042 to 2034 is likely…
BW Traders should go short if a close under 2077 occurs. 

Sept CBOT Wheat
Support should appear near 310 1/4 to 309 1/4  and the 304 1/2 to 303 3/4 region
BW Traders can buy at 304 3/4 for a bounce and risk a close under  291 3/4 for three days in a row..
Resistance  should appear near  319 1/2 to 321 1/4 and 326 1/4 to 327

                                    The Satisfying Softs

September  Coffee
Recommended Open Position Long at 6680
Support is near  the 6670 to 6655 region. and 6590 to 6575 
Resistance should appear near 6740 to 6755 and 6990 to 7005.  Beyond that a test of 7140 to 7170  is likely.  BW Traders should go long if a close over  6755 occurs

Sept Cocoa 
Support is at 1615 to 1609 and 1576 to 1569.
Resistance is at 1655 and  the 1689 to 1696 region .

October Sugar
Recommended Open Position Short at 806
Support should appear near 791 and the 767 to 763 region. 
Resistance should appear near 814 to 823 and 847 to 852.

December Cotton
Support should appear near 4515 to 4505 and the 4445 to 4425 region.  Under that a test of 4380 to 4370
is likely. 
Resistance should appear near 4580 and 4635 to 4650  beyond that sellers should appear near
4775 to 4785 and the 4915 to 4930 region.  .BW  Traders can sell at 4630 and risk a close over 4790 for three days in row..

 - 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 August 9th   2004
4:20 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@1996-2004 all rights reserved

                                
Recommended Open BW  Positions
Short Sept Yen 8984
Short Sept Canadian Dollar 7574
Short Sept Aussie Dollar 7137 
Long Sept SP500 1076.20
Short October Cattle 8852
Short 3 October Hogs 6890 avg
Short December Soymeal 175.2
Short December Soyoil 2125
Long Sept Coffee 6680  
Short October Sugar 806

                                                                          Terms