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FuturesCom
Investment Publications
Morning Comments Thursday August 19th,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
Wed August 18th, 2004
2:30 PM eastern time
Open BW
Positions
* indicates change in recommendation price
from BW # 198
Please note : We have rolled analysis to October for Heating Oil and Unleaded
Gas
The
Frenzied Forex Front
Recommended open position Short 2 at 9069 avg
Resistance should appear near 9156 and 9237 . 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 9140 and 9060 to 9044.
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 8081 and 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 18150 and 18080... Below that a test of
17800 to 17740 is likely
Resistance should appear near
18220 and 18400
Sept Canadian Dollar
Support 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 10104 to 10136
Support should appear near 10021 and 9937 to 9921
September SP500
Recommended open position Long at 1076.10
Resistance should appear near the 1096.00 to 1101.00 region
Support should appear near 1082.00 then 1068.00 to 1063.00 and 1058.00
Nasdaq
Composite
Support should appear near 1808 and 1780 to 1774
Resistance should appear near 1858 to 1865
Sept Mini Nasdaq 100
Resistance is at 1377 to 1383
Support is at 1346 to 1334 and 1310 to 1304
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 12680 and 12380 to12320
Resistance should appear near 13040 to 13100 and 13340 to 13460
Sept Silver
Recommended open position short at 654
Support should appear 675.5 to 674 and 667.5 to 665.5
Resistance is at 690.5 to 691.5 and the 714.5
to 717.0 region which should cap the rally..
BW Traders can sell at 713.0 and hold for lower prices..
.
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
October Unleaded
Gas
Recommended open position Short 12850
Support should appear near
12740 to 12680 and 12500
Resistance should appear near 13040 to 13100 and 13340 to 13460
October Heating Oil
Support should appear near 12030
to 11920 and
the 11690 to 11640 region
Resistance should appear near 12380 and the12680 to 12740
region. Which should
cap the rally
The Lively Livestock
October Cattle
Recommended open position short at 8852
Support should appear near 8777 to 8762 and 8682 to 8667
Resistance is at 8872 then 8937 to 8967 and 9042 to 9062
October
Hogs
Support
is at 6432 to 6417 and the 6352 to 6337 region
Resistance is at 6487 to 6512 then 6572 to 6587 and the 6657 to 6672 region
February Pork
Bellies
Resistance
should appear near 9427 to 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 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 588 to 585 1/2
then 580 1/2 to 579
1/2 and 573 3/4 to 571 3/4
Resistance is at 594 1/2 to 595 3/4 and
the 602 1/4 to 603 1/2 region .
December Soymeal
Support
should appear near 178.0 to 177.4 and 173.8 to 173.1
Resistance should appear near 180.8 to 182.2 and 185.8 to
186.5
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 299 to 297 1/4 and 293 3/4 to 292 3/4
Resistance should appear
near 3303 3/4 to 304 1/2 and 309 1/4 to
310 1/4
The Satisfying Softs
September Coffee
Recommended Open Position Long at 6890
Support is near the
6590 to 6575 and 6510 to 6485
Resistance should appear near 6740 to 6755 and 6810 to 6835
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 767 to 763
Resistance should appear near 791 to 794
December Cotton
Recommended open position short 4630
Support should appear
near 4785 to 4775 and 4715 to 4695
Resistance should appear near 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
Wed August 18th 2004
3:10 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 2 Sept Yen 9069 avg
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 October Unleaded Gas 12850
Short October Cattle 8852
Long Sept Wheat 304 3/4
Long Sept Coffee 6890
Short Dec Cotton 4630