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FuturesCom Investment Publications
Morning Comments Thursday Sept 2nd,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 Sept 1st, 2004
7:00 PM eastern time 


Open BW Positions

*Indicates New BW Forex recommendations

                            
The Frenzied Forex Front  

December Yen 
Resistance
should appear near 9237 and  9316 to 9347 
Support should appear near 9156 to 9140 .  
BW Traders should go short if a close under 9139 occurs

Sept Yen

Recommended open position Short 2 at 9069 avg

December Euro Currency (EC)
Support
should appear at 12175 and 12102
Resistance is at 12247  and 12320
* BW Traders should go short if a close under 12172 occurs 

December
Swiss Franc
Recommended open Postion Short at 7991
Resistance
should appear near  the 8029 to 8044 region
Support should appear near 7954 to 7939 
* BW Traders should go Short if a close under 7901 occurs

December  British Pound
Support
 should appear near 17740 and 1.7560
Resistance should appear near 17800 and  17940 
* BW Traders can sell at 17936 and hold for lower prices..

December Canadian Dollar 
Recommended Open Position Short at 7610
Support should appear near 7601 to 7586 
Resistance is at 7675 to 7689 and 7763 to 7777


December Aussie Dollar 
Recommended open Postion short at 6987
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 10,185 and the 103,20 to 10,360 region
Support should appear near the 10,136 to 10,104 and 10,037 to 10,021

September SP500
Recommended open position Long at 1076.2
Resistance should appear near 1115.50 and the 1130.00 to 1136.00 region 
Support
should appear near 1101.00 to 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 and 1399 
Support
is at 1363.5 and 1346 to 1334 

December 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 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 12740 to 12680 and 12380 to 12320
Resistance should appear near 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 675.5 to 674 and 667.5 to 665.5
Resistance
is at the 683.5 then 690.5 to 691.5 and 690.5 to 692
 

                             The Exciting Energies
Oct Crude Oil
Resistance  
should appear near 4425 to 4446 then 4503 to 4514 and 4571 to 4582    
Support
should appear near 4381 to 4370 and 4315 to 4304

October Unleaded  Gas
Resistance should appear near 11920 to 12030 and 12320 to 12380 
Support
should appear near  11690 to 11640 and 1.1360 to 1.1300 

October Heating Oil
Re
sistance should appear near 11805 and 11920 to 12030  
Support
should appear near  11690 to 11640 and 11500 


   
                                           
 The Lively Livestock  
October Cattle
Support
should appear near 8302 then 8222 to 8192 and 8137 to 8122
Resistance
is at 8392 to 8407 then 8487 to 8502 and the 8557 to 8587 region

October Hogs  
Support
is at 6672 to 6657 and 6592 to 6577   
Resistance is at 6742 to 6757 and 6807 to 6837   

February  Pork Bellies
Resistance
should appear near 9522 to 9547 and 9622 to 9642
Support  is 9447 to 9427 and 9347 to 9317   

Trade Accordingly 

                             The Grande’ Grains

December Corn  
Recommended open Postion short Dec Corn 237 

Support
should appear near 241 3/4 to 241 1/4 and 237 to 235 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 risk a close over 257 1/4 for three days in a row.

November Beans
Support
is at  635 to 633 and 627 to 625 3/4 and 619 to 616 1/2 
Resistance is at 657 3/4 to 659 and 665 3/4 to 6671/4 

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  182.2 and the 185.8 to 186.5 region.   

December Soybean Oil
Recommended open Postion short at 2314
Resistance should appear near 2663 to 2672 and 2716 to 2724
Support
should appear near 2568 to 2552 and 2469 to 2461  

December CBOT Wheat
Recommended open Postion long at 333
Support should appear near 327 to 326 1/4 and 321 1/4 to 319 1/2 
Resistance  should appear near 331 3/4 to 332 3/4  and 342 1/2 to 344 1/2  

                             The Satisfying Softs
December  Coffee  
Recommended open Postion long at 7345
Support
is near the 7345 to 7325 and 7255 to 7240  
Resistance should appear near7415 to 7430 and 7485 to 7515 

December Cocoa 

Support is at 1576 to 1589 and 1535 to 1529 
Resistance is at 1609 to 1615 and 1642 to 1655  

October Sugar
Recommended open Postion short 789
Support should appear near 795 to 791 and 767 to 763
Resistance
should appear near  823 and 847 to 852 

December Cotton
Resistance
should appear near 5415 to 5430 and  5555 to 5580  
Support
should appear near 5355 to 5345 and 5285 to 5255  

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  
Wed Sept 1st  2004
8:00 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 December Swiss Franc 7991
Short Dec Canadian Dollars 7610
Short December Aussie Dollar 6987
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
Short Oct Sugar 789 


                                                                          Terms