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FuturesCom Investment Publications
Morning Comments Friday August 13th,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

                                                       
Thursday August 12th, 2004
2:40 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 7991 and 8029 to 8044  
Support should appear near 7954 to 7939 and the 7864 to 7836 region
BW Traders should go short if a close under 7927 occurs,

Sept British Pound
Recommended open position Short at 18197
Support  should appear near 18150 to 18080.
Resistance should appear near 18220 and 18400 . 

Sept Canadian Dollar
Support should appear near 7486 and 7428 to 7414
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 9921 to 9937  
Support should appear near 9821 and 9737to 9706

September SP500
Recommended open position Long at 1076.10
Resistance should appear near 1068.00 and 1082.00 
Support should appear near 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 1738 to 1731 and 1696 to 1689
Resistance should appear near 1774 to 1780 

Sept Mini Nasdaq 100
Resistance is at 1334 to 1346
Support is at 1310 to 1304 and 1274 to 1268

Sept 10 Year T-Note
Resistance should appear near 112-22 and 113-07
Support is at 112-07 then 111-22 and 111-07

Precious Metals

December  Gold
 Recommended open position short at 397.9
Resistance should appear at  398.2 to 399.2 and 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 392.9 to 390.9 and 386.7 to 385.8

Sept Copper
Support should appear near 12500 and the 12380 to 12320 region 
Resistance should appear near 12680 to 12740 and 13030 to 13100 

Sept Silver
 Recommended open position short at 654
Support should appear 650.5 to 648  and 643 to 641.5
Resistance is at 657 to 659.5 and 665.5 to 667.5   
.

                              The Exciting Energies
Oct Crude Oil
Recommended open position short at 4501 
Resistance  should appear near 4503 to 4514.  Beyond that sellers should appear near 
4571 to 4582 and the 4639 to 4650 region 
 Support should appear near 4446 to 4425 then 4381 to 4370 and the 4315 to 4304  region 
BW Traders should go short if a close under 4302 occurs

Sept Unleaded  Gas
 Resistance should appear near 13100 and 13340 to 13460   
Support should appear near 12740 to 12680 and 12380 to 12320 . 
BW Traders should go short if a close under 12310 occurs.

Sept Heating Oil
Resistance should appear near 11690 to 11640 and 11360to11320 .  
Support should appear near 11920 to 12030 and 12320 to 12380

                                                The Lively Livestock

October Cattle
Recommended open position short at 8852 
Support should appear near 8682 to 8667 and 8592 to 8562
Resistance is at 8762 to 8777 and 8857 to 8872 

October Hogs
Recommended open position Short  at 6985
Support is at 6672 to 6657 and the 6592 to 6577 region 
Resistance is at 6742 to 6757 and 6807 to 6837

February  Pork Bellies
Resistance should appear near 9427 to 9447 and 9527 to 9542 .
Support  is 9317 then 9237 and  9157 to 9142   

                                  The Grande’ Grains

December Corn
 Support should appear near 227 1/2 to 226 1/4 and 222 3/4 to 221 3/4 
Resistance  is at  231 1/2 to 232 1/4  and 235 1/2 to 237  

November Beans
Recommended open position short at 585 1/4 
Support is at 580 1/2 to 579 1/4  and  572 3/4 to 571 3/4   
Resistance is at 588 then 594 1/2 to 595 3/4 and the 602 1/4 to 603 1/2 region 
 

December Soymeal
Support should appear near 173.8 to 173.1 and 169.6 to 168.9  
Resistance should appear near 177.4 to 178.0 and 180.8 to182.2

December Soybean Oil
Resistance should appear near 2267 to 2275 
Support should appear near 2185 to 2170  

Sept CBOT Wheat
 Recommended open position long at 304 3/4 
Support should appear near 299 to 297 1/4  and 293 3/4 to 292 3/4
Resistance  should appear near 303 3/4 to 304 1/2 

 

                                    The Satisfying Softs

September  Coffee
Recommended Open Position Long at 6680
Support is near  the 6430 to 6415 and 6350 to 6335 
Resistance should appear near 6575 to 6590 and 6655 to 6675 

Sept Cocoa 
Support is at 1615 to 1609 and 1576 to 1569.
Resistance is at 1642 to 1655 .

October Sugar
Recommended Open Position Short at 806
Support should appear near  the 794 to 791. 
Resistance should appear near 814 to 823

December Cotton
Support should appear near 4370 and 4315 to 4305 and the 4250 to 4235 region . 
Resistance should appear near 4425 to 4445 and 4505 to 4515 

 - 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 August 12th   2004
3:40 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 British Pounds 18197
Short Sept Aussie Dollar 7137 
Long Sept SP500 1076.20
Short Dec Gold 397.9
Short Sept Silver 654
Short October Crude Oil 4501 
Short October Cattle 8852
Short  October Hogs 6985
Short  Nov Beans 585 1/4 
Long Sept Wheat 304 3/4
Long Sept Coffee 6680  
Short October Sugar 806

                                                                          Terms