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FuturesCom Investment Publications
Morning Comments Wed August 18th,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 17th, 2004
1:30 PM eastern time 


Open BW Positions
* indicates change in recommendation price  from BW # 198 

                                      The Frenzied Forex Front  
Sept Yen
Recommended open position Short at 8984
Resistance should appear near 9156 to 9140 .Aggressive  BW Traders can sell at 9154 
and hold for lower prices.. Beyond that sellers should appear near the 9316 to 9347 region..
BW  Traders can sell at 9233 and risk a close over 9357 for three days in a row
 

Support should appear near 9060 to 9044 and 8964 to 8934.    

Sept Euro Currency (EC)
Support
should appear at 12320 and 12175
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 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
S
upport should appear near 7601 to 7586
Resistance is at  7675 to 7689

Sept Aussie Dollar
Recommended Open Position Short at 7137
Support should appear near 7088 to 7074.
Resistance should appear at  7143 to 7170  and 7242 to 7255 
 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 1346 and 1377 to 1383
Support is at 1310 to 1304 and 1274 to 1268

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

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 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 4639 to 4650 and the 4695 to 4717 region 
Support should appear near 4582 to 4571 and 4514 to 4503  

Sept Unleaded  Gas
Recommended open position Short 13050
Support
should appear near 13100 to 13040 and 12740 to 12680 
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 8872 to 8857 and the 8777 to 8762 region 
Resistance
is at 8937 to 8967 then 9042 9062 and the 9137 to 9157 region 

October Hogs
Support
is at 6512 to 6482 then 6432 to 6417 and 6352 to 6337 
Resistance is at 6572 to 6587 and 6657 to 6672 

February  Pork Bellies
Resistance
should appear near 9447 then 9527 to 9542 and 9622 to 9642 
Support  is 9347 to 9317 and the 9157 to 9142 region 

                                  The Grande’ Grains

December Corn
Support should appear near  237 to 235 1/2 and 232 1/4 to 231 1/2  
Resistance  is at 241 1/4 to 241 3/4 and 246 1/4 to 246 3/4. BW Traders can sell at 245 3/4 and hold for lower prices.  Initially  risking  a close over 273 1/4 for three days in a row,. 


November Beans
Support
is at 580 1/2 to 579 1/2 and 573 3/4 to 571 3/4  
Resistance
is at 585 1/2 to 588 and 594 1/2 to 595 3/4 

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 to 182.2 

December Soybean Oil
Resistance
should appear near 2267 to 2275 and 2315 to 2322
Support should appear near 2226 to 2219 and 2185 to 2170 

Sept CBOT Wheat
Recommended open position long at 304 3/4 
Support should appear near 304 1/2 to 303 3/4 and 299 to 297 1/4
Resistance  should appear near 309 1/4 to 310 1/4 and 314 3/4 to 315 3/4 

 

                                    The Satisfying Softs

September  Coffee
Recommended Open Position Long at 6890
Support is near  the 6905 then 6835 to 6810 and 6755 to 6740  
Resistance should appear near 6990 to 7005 and 7075 to 7085

Sept Cocoa 

Support is at 1576 to 1569 and 1535 to 1529 
Resistance is at 1609 to 1615 and 1642 to 1655 .

October Sugar
Support
should appear near 739 to 735 and 712 to 704 
Resistance
should appear near 763 to 767 and 791 to 794

December Cotton
Recommended open position short 4630
Support should appear near 4715 to 4695 then 4650 to 4635 and 4585 to 4570  
Resistance
should appear near 4775 to 4785 then 4845 to 4855 and 4915 to 4925

 - 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 17th   2004
2:20 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 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
Long Sept Wheat 304 3/4
Long Sept Coffee  6890
Short Dec Cotton   4630 


                                                                          Terms