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FuturesCom
Investment Publications
Morning Comments Tuesday August 17th,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
Monday August 16th, 2004
1:45 PM eastern time
Open BW
Positions
* indicates change in recommendation price
from BW # 198
The
Frenzied Forex Front
Recommended open position Short at 8984
Resistance should appear near 9060 and 9156 to 9140 .
Aggressive BW Traders can sell at 9154 and hold for lower prices
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 should appear near 12350
to 12380 and 12500
* BW Traders should go short if a close under 12318 occurs
Sept Swiss Franc
Resistance should appear near 8119
to 8134
Support should appear near 8044 to
8029 and 7954 to
7939
* BW Traders should go short if a close under 8027 occurs,
Sept
British Pound
Recommended open position Short at 18197
Support should appear near 18220 to 18150 and 18080.
Resistance should appear near 18400
and the 18580 to 18650 region..Below Traders can sell at 18570 and risk a
close over 18680 for three days in a row
Sept Canadian Dollar
Support should appear near 7601
to 7586
Resistance is at 7675 to 7690
Sept Aussie Dollar
Recommended Open Position Short at 7137
Support should appear near 7143 and 7088 to 7074 .
Resistance should appear at 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 10021 to 10037 and 10104 to 10136
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
the 1096.00 to 1101.00 region
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
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 and 111-22
Precious Metals
December Gold
Recommended open position short 2 at 401.2 avg
Resistance should appear at 411
to 412.0
Support is at 405.6 to 404.6 and 399.2 to 398.2
Sept Copper
Support should appear near 131.00 to 130.40 and 12740 to 12680
Resistance should appear near 13340 to 13460 and the 13770 to 13830 region..
Which should cap a rally..
BW traders can sell at 13740 and risk a close over 13870 for three days in a
row.
Sept Silver
Recommended open position short at 654
Support should appear 667.5 to 665.5 and 659 to 657.5
Resistance is at 680.5 to 683.5 and 690.5 to 691.5
.
The Exciting Energies
Oct Crude Oil
Recommended open position short at 4501
Resistance should
appear near 4571 to 4582 then 4639 to 4650 and the 695 to 4717 region
Support should appear near 4514 to 4503 then 4446 to 4425 and the
4381 to 4370 region
Sept Unleaded
Gas
Recommended open postion Short 13050
Support should appear near
13040 then 12740 to 12680 and the
12380 to 12320 region
Resistance should appear near 13340 to 13460 and 13770 to 13830
Sept Heating Oil
Support should appear near 12030
to 11920 and
the 11690 to 11640 region
Resistance should appear near 12320 to 12380 and 12680 to 12740 which should
cap the rally
The Lively Livestock
October Cattle
Recommended open position short at 8852
Support should appear near 8932 and 8872 to 8857
Resistance is at 9042 9062 and 9137 to 9157
October
Hogs
Recommended open position Short at 6985
Support is at 6592 to 6577 and 6512 to 6482
Resistance is at 6657 to 6672 and 6742 to 6757
February Pork
Bellies
Resistance
should appear near 9422 to 9447 and 9527 to 9542.
Support is 9347 to 9317
and the 9157 to 9142 region
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 235
1/2 to 237 and 241 1/4 to 241 3/4
November Beans
Support
is at 565 1/4 to 564
and the 557 3/4 to 555 1/4 region
Resistance is at 571 3/4 to
572 3/4 and 579 1/4 to 580 1/2
December Soymeal
Support
should appear near 169.6 to 168.9 and 165.5 164.2
Resistance should appear near 173.1 to 173.8 and 177.4 to 178.0
December Soybean Oil
Resistance
should appear near 2219 to 2226 and 2267 to 2275
Support
should appear near 2170 and
2134 to 2126
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 and 309 1/4 to
310 1/4
The Satisfying Softs
September Coffee
Recommended Open Position Long 2 at 6785 avg
Support is near the
6835 to 6810 and 6755 to 6740
Resistance should appear near 6905 to 6920 and 6990 to 7005
Sept Cocoa
Support is at 1569 and 1535 to 1529
Resistance is at 1609 to 1615 and 1642 to 1655 .
October Sugar
Recommended Open Position Short at 806
Support should appear near the 739 to 735 and 712to 704
Resistance should appear near 763 to 767 and 791 to 794
December Cotton
Support should appear
near 4445 to 4425 and 4385 to 4370 .
Resistance should appear near 4505 to 4515 and 4570 to 4585
- 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 August 16th 2004
2:45 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 2 Dec Gold 401.2 avg
Short Sept Silver 654
Short October Crude Oil 4501
Short Sept Unleaded 13050
Short October Cattle 8852
Short October Hogs 6985
Long Sept Wheat 304 3/4
Long 2 Sept Coffee 6785 avg
Short October Sugar 806