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FuturesCom Investment Publications
Morning Comments Friday June 17th,  2005
 Serving Professional and Individual Traders World Wide since 1988
1650 SW Malmo Rd , Port St. Lucie ,  Florida 34953 -  USA and Canada Toll Free : 1-866-409-3890 -  Intl : 1- 772-621-4234  http://www.futurescom.com 


Thursday  June 16th ,  2005
2:00  PM  Eastern time   
Open BW Positions

 

                                      The Sensational Stock and Bond Markets  

Dow Jones Industrial Average
Resistance
should appear near 10580 to 10680.
Support
should appear near 10470 and 10360 to 10320.

Sept SP500
Resistance should appear near 1217.50 and 1232.00 to 1238.00
Support
should appear near 1203.00 and 1197.50 to 1192.00.

Nasdaq Composite
Support
remains near 2080 and 2061.5   
Resistance should appear near 2126 to 2134 

Sept Mini Nasdaq 100
Resistance
should appear near 1569.00  to 1576.00
Support is at 1535 to 1529.00..Below that buyers should appear near the 1496.00 to 1484.00 region. 
BW Traders can buy at 1497.00 and risk a close under 1451.00 for three days in a row.  

Sept Mini Russell 2000
Recommended open position Long at 637.30 
Support is at 643.00 to 641.70 and 635.00 to 633.70.
Resistance should appear near 648.3 to 650.9 and 657.7 to 659.1

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

Sept 30 Yr  T-Bond 
Resistance
should appear near 117-07 and 117-22
Support 
at 116-22 and 116-07

                             The Frenzied Forex Front

Sept  Yen
Recommended open Position Short at 9297
Resistance should appear near 9316 to 9347.  
Support should appear near  the 9156 to 9140 region. 

Sept Euro Currency (EC)
Recommended open position Short at 12162
Support should appear at  12102 and 12030 to 11920  
Resistance
should appear near 12175 then 12247 and 12320 to 12380

Sept Swi
ss Franc
Resistance
should appear near 7939 to 7954 and 8029 to 8044. Beyond that sellers should appear near 8119 to 8134.. 
BW Traders can sell at 8117 and risk a close over 8232 for three days in a row
Support should appear near 7864 to 7836 and 7777 to 7763

Sept British Pound
Support
should appear near  18150 to 18080 and 17940  
Resistance
should appear near 18220 and 18400
BW Traders should go short if a close under 17932 occurs

Sept  Canadian Dollar
S
upport should appear near 8044 to 8029 and 7954 to 7939 
Resistance
is at 8119 to 8134 and 8194 to 8223

Sept Aussie Dollar
Recommended open position short at 7675
Resistance should appear near 7689 and the 7763 to 7777..
Support
should appear near 7601 to 7587 


                                                         
Precious Metals
August Gold  
Recommended open position short at 436.9
Resistance should appear at 442.5 to 444.6 
Support is at 437 and 431.5 to 430.4 

July Copper
Support
15390 to 15290 and 14960 to 14840 
Resistance should appear near 15760 and 16090 to 16150

July Silver 

Support should appear near 725.5 to 724.0 and 717 to 714.5 
Resistance
is at 741.5 to 742.5  and 748.5 to 751.5            


                             The Exciting Energies

July Crude Oil
Resistance
should appear near 5716 to 5729 and 5792 to 5805
Support
should appear near 5653 to 5640 and 5577 to 5553   

July Unleaded Gas 
Re
sistance should appear near 16090 to 16150 and 16420 to 16550 
Support
should appear near 15760 to 15690 and 15350 to 15290 

July Heating Oil
Re
sistance should appear near 16420 top 16550 and 16890 to 16960  . 
Support
should appear near 16150 to 16090 and the 15760 to 15690 region 

                                                       The Lively Livestock  

August  Cattle
Support
should appear near7937 and the 7867 to 7837 region  
Resistance
is at near 8027 to 8047 and 8117 to 8137 .    

July Hogs
Support
is at  6757 to 6742 then 6672 to 6657 and 6592 to 6577 
Resistance is at 6807 to 6837 and 6907 to 6922 
 
October Hogs
Support
is at  5732 to 5717 and 5652 to 5637   
Resistance is
at 5792 to 5807 and 5857 to 5882  

July Pork Bellies
Resistance should appear near 6577 to 6592 and the 6657 to 6672 region. Above that sellers should appear near 6742 to 6757 
Support is at 6512 to 6482 and the 6432 to 6417 region .. Below that buyers should appear near 6352 to 6337 

August Pork Bellies
Resistance
should appear near6337 to 6357 and 6417 to 6432. 
Support is at 6192 to 6167 and the 6112 to 6102 region. 
  

                                    
The Grande’ Grains

July Soybeans
Support is at 700 1/4 to 699 and 691 3/4 to 690 3/4 
Resistance should appear near 707 1/2 to 708 3/4 and 714 1/4 to 717 

July Soymeal
Support should appear near 222.6 to 221.9 and 218.5 to 217.0  
Resistance should appear near 226.7 to 227.5 and 231.5 to 232.2 

July Soybean Oil
Resistance
should appear near 2461 to 2469 and 2511 to 2519
BW Traders can sell at 2459 and risk a close over 2527 for three days in a row
Support should appear near 2419 to 2411 and 2370 to 2354   

July Corn
Support should appear near 222 3/4 to 221 3/4 and 218 1/2 to 217  
Resistance is at 226 3/4 to 227 1/2 and d 231 1/2 to 232 1/4 . 

July CBOT Wheat
Resistance should appear near 326 1/4 to 327 and 331 3/4 to 332 3/4 
Support should appear near 321 1/4 to 319 1/2  and 315 3/4 to 314 3/4  


                                                        
 The Satisfying Softs  

Sept 'The Monster' Coffee
Support  
should appear near 11010 to 10960 
Resistance should appear near 11300 to 11360 and 1640 to 11690

Sept Cocoa
Support
is at  1535 to 1529
Resistance is at 1569 to 1576

Oct Sugar
Support
should appear near 882 to 877   
Resistance should appear near 907 to 912.  

July Cotton
S
upport should appear near  4695 and the 4650 to 4635 region. .
Resistance should appear near 4775 to 4795 and the 4845 to 4855 region 

- 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  
Thursday  June 16th , 2005
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 – 2005 all rights reserved Terms

 
BW Recommended Open Positions 
6-16-2005

Long Sept Mini Russell 637.30
Short Sept Yen 9297
Short Sept EC 12162
Short Sept Aussie Dollar 7675
Short August Gold  436.9