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FuturesCom Investment Publications
Morning Comments Wed Sept 1st,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 30th, 2004
5:45 PM eastern time 


Open BW Positions


                            
The Frenzied Forex Front

Sept Yen
Recommended open position Short 2 at 9069 avg
Resistance should appear near 9140 to 9156 and 9237 
Support should appear near 9060 to 9044 and the 8964 to 8934 region..  

December Yen 
Resistance
should appear near 9237 and  9316 to 9347 
Support should appear near 9156 to 9140 .  

Sept Euro Currency (EC)
Support should appear at 12030 to 11975 and 11920. 
Resistance is at 12102 and 12175

Sept
Swiss Franc
Resistance
should appear near 7836 to 7864 and 7901  
Support should appear near  7777 to 7763 and 7689 to 7675

Sept British Pound
Support
 should appear near 17800 to 17740 and 1.7560
Resistance should appear near 18080 to 18150 and 18220 


Sept Canadian Dollar
Recommended open
position short at 7642
S
upport should appear near 7586 and the 7513 to 7486 region 
Resistance is at 7601 then 7638 and 7675 to 7689 

December Canadian Dollar 

Sept Aussie Dollar
Support
should appear near the 6919 to 6906 region
Resistance should appear at 6990 to 7003 and 7038   

                                      The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance
should appear near 10,136 and 10,185 
Support should appear near the 10,104 and 10,037 to 10,021

September SP500
Recommended open position Long at 1076.2
Resistance should appear near 1101.00 and 1115.50  
Support
should appear near 1096.00 and 1082.00. 
BW Traders should go long if a close over 1115.90 occurs.

Nasdaq Composite  
Support
should appear near the1822 to 1808 region
Resistance should appear near 1058 to 1865

Sept Mini Nasdaq 100
Resistance
is at 1377 to 1383
Support is at 1346 to 1334 

December 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
Recommended Open Postion Short 2 at 401.2
Resistance should appear at 411 to 412 and 416.3 to 418.3.
Support is at  405.6 to 404.6 and 399.2 to 398.2 

December Copper
Recommended open Postion short at 12420 
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. BW  Traders can sell at 13020 for a turn lower and risk a close over 13510 for three days in a row.

Dec Silver  
Recommended open Postion short at 678
Support should appear 667.5 to 665.5 and 659 to 657
Resistance
is at the  674 to 675.5 and 680.5  to 683.5 
 

                             The Exciting Energies
Oct Crude Oil
Resistance  
should appear near 4238 to 4248 and 4304 to 4315    
Support
should appear near 4183 to 4163 and 4120 to 4110

October Unleaded  Gas
Resistance should appear near 1.1500 and 1.1640 to 1.1690 
Support
should appear near  1.1360 to 1.1300 and the 1.1010 to 1.0960 region 

October Heating Oil
Re
sistance should appear near 11640 to 11690.  
Support
should appear near  11300 and 11010 to 10960 


   
                                           
 The Lively Livestock  
October Cattle
Support
should appear near 8407 to 8392 and 8317 to 8302 
Resistance
is at 8487 to 8502 and the 8557 to 8587 region

October Hogs  
Support
is at 6482 and 6432 to 6417.. Below that buyers should appear near 6352 to 6337.    
Resistance is at 6577 to 6592 and the 6657 to 6672 region  

February  Pork Bellies
Resistance
should appear near  9347 and 9422 to 9447.
Beyond that sellers should appear near 9527 to 9542 
Support  is 9237 then 9157 to 9142  

Trade Accordingly 

                             The Grande’ Grains

December Corn  
Recommended open Postion short Dec Corn 237 

Support
should appear near 232 1/4 to 231 1/4 and 227 1/2 to 226 3/4  
Resistance  is at 237 and 241 1/4 to 241 3/4 

November Beans
Support
is at  611 1/4 to 410 1/4 and 603 1/2 to 602 1/4 
Resistance is at .625 3/4 to 627 and 633 3/4 to 635 

December Soymeal
Recommended open Postion short at 177.2
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 the 185.8 to 186.5 region.   

December Soybean Oil
Recommended open Postion short at 2314
Resistance should appear near 2511 to 2519 and 2552 to 2568 
Support
should appear near 2469 to 2461 and 2419 to 2411 

December CBOT Wheat
Recommended open Postion long at 333
Support should appear near 315 3/4 to 314 3/4 and 310 1/4 to 390 1/4 
Resistance  should appear near  319 1/2 to 321 1/4 and 326 1./4  to 327  

                             The Satisfying Softs
December  Coffee  
Recommended open Postion long at 7345
Support
is near the 7170 to 7145 and 7090 to 7075 
Resistance should appear near 7240 to7255 and 7325 to 7345   

December Cocoa 

Support is at 1696 to 1689 and 1655 to 1642  
Resistance is at 1731 to 1738 and 1774 to 1780  

October Sugar
Support
should appear near  767 to 763
Resistance
should appear near 791 to 795  BW Traders can sell at 789 and risk a close over
827 for three days in a row BW Traders should go short if a close under 759 occurs.

December Cotton
Support should appear near  4995 to 4975 and 4925 to 4915 . 
Resistance
should appear near 5345 to 5355 and 5415 to 5430  

Trade Accordingly 

- 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 30th  2004
6:45 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 2 Sept Yen 9069 avg
Short Sept Canadian Dollars 7642
Long Sept SP500 1076.20
Short 2  Dec Gold 401.2 avg
Short Dec Copper 12420 
Short Dec Silver 678
Short December Corn 237 
Short Dec Soymeal 177.2
Short Dec  Bean Oil 2314
Long Dec  Wheat 333 
Long Dec Coffee 7345


                                                                          Terms