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Morning Comments Wed June 22nd, 2005
Serving
Professional and Individual Traders World Wide since 1988
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- Intl : 1- 772-621-4234 http://www.futurescom.com
Tuesday
June 21st , 2005
4:30 PM Eastern time
Open BW Positions
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should
appear near 10680 and 10960 to 11010.
Support should appear near 10580 and 10470.
Sept SP500
Recommended Open Position 1217.50
Resistance should appear near 1232.00 to 1238.00
Support should appear near 1217.50 and 1203.00 to 1192.00 .
Nasdaq Composite
Support remains near 2089 to 2080 and 2042 to 2034
Resistance should appear near 2126 to 2134
Sept Mini Nasdaq 100
Resistance should appear near 1569.00 to
1576.00 and the 1609.00 to 1615.00 region .
Support is at 1535.00 to 1529. BW Traders
can buy at 1536 and risk a close under 1481
for three days in a row..
Sept Mini Russell 2000
Support is at 643.00 to 641.70 and 635.00 to 633.70..
Below that, buyers should appear near 619.00 to 616.50.
BW Traders can buy at 627.10 and risk a close under 614.50 for three days in a
row..
Resistance
should appear near 648.30 to 650.90 and 657.70 to 659.10.
BW Traders should go long if a close over 651.10 occurs
Sept 10 Year T-Note
Resistance should appear near
113-07. Beyond that sellers should appear near 113-22
Support
at 112-22 and 112-07.
Sept 30 Yr T-Bond
Resistance should appear near 117-22 and 118-07
Support
at 116-22 and 116-07
The Frenzied Forex Front
Sept Yen
Recommended Open Position Short 2 at 9268 avg
Resistance should appear near 9316 to 9347
Support should appear near 9156 to 9140
Sept Euro Currency (EC)
Recommended /open Position Short 12187
Support should appear at 12175 and the 12030 to 11920 region
Resistance should appear near 12247 and 12320 to 12350 . BW Traders can sell at
12349 and hold for lower prices., initially plan on risking a close over 12392
for three days in a row. …
Recommended Open Position Short 7918
Resistance should appear near 7954 and 8029 to 8044
Support should appear near 7864 to 7836 and
the
7777 to 7763 region.
Sept British Pound
Support should appear near 18150 to 18080.
Resistance should appear near 18220 and 18400
BW Traders should go short if a close under 18077 occurs
Sept Canadian
Dollar
Support should appear near 8044
to 8029.
Resistance is at 8134 and 8194 to 8223
Sept Aussie Dollar
Resistance should appear near
7762 to 7777
Support should appear near the 7689 to 7675
BW Traders should go short if a close
under 7671 occurs
Precious Metals
August Gold
Recommended open position Short at
436.9
Resistance should appear at 442.5 to 444.6
Support is at the 438.1 to 437.
Sept Copper
Support should appear near 15350 to 15290. Below that, a trade towards the14960 to 14840 region is likely
Resistance should appear near 15690
to 15760 and the 16090 to 16150
region
Support should appear near 725.5 to 724.0 and
the 717.0 to 714.5 region .
Resistance is at 741.5 to 742.5 and 748.5 to 751.5
The Exciting Energies
August
Crude Oil
Resistance should appear
near 5945 to 5957 and 6023 to 6035.
Support should appear near 5880 to 5855, a close under is negative and
augurs for a test of the 5805 to 5792
and the 5729 to 5716 region.. where buyers should appear
August Unleaded Gas
Resistance should appear near
16420 to 16550 and 16890 to 16960 .. Beyond that sellers should appear near and
17310 to 17380 region.
BW Traders who have Ice Water in their Veins can sell at 17290 and
risk a close over 17530 for three days in a row.
Support should appear near 16150
to 16090 and the 15760 to 15690 region Under that a trade towards 15350 to
15290 is likely.
August Heating Oil
Resistance should appear near
15420 to 16550 and 16890 to 16960 .
Support should appear near 16150 to 16090 .and 15760 to 15690
The Lively Livestock
August Cattle
Support should appear near 7957 to 7937,and 7867 to 7837
Resistance is at near 8027 to 8047 and the 8117 to 8137 region
Beyond that sellers should appear near 8192 to 8222
BW Traders should go short if a close under 7932 occurs.
July Hogs
Support is a 6592 to 6577 and 6512 to 6482
Resistance is at 6657 to 6672 and
6742 to 6757.. BW Traders can sell at 6742 for a turn lower and risk a close over
6842 for three days in a row..
BW Traders should go short if a close under 6572 occurs.
Support is at 6512 to 6482 and the
6432 to 6417 region.
Resistance is at 6577 to 6592 then 6657 to 6672 and 6742
BW Traders can sell at 6657 for a turn lower
and risk a close over 6772 for three days in a row,…
October Hogs
Support is 5552 a close under is negative and augurs
for a test of 5507 to 5492 and the
5432 to 5417 region.
Resistance is at 5637 to 5652 and
5717 to 5732
BW Traders should go short if a close under 5547 occurs.
July Pork Bellies
Resistance should appear near
6417 to 6432 and 6482 to 6512
Support is at 6357 to 6337
and 6272 to 6257
August Pork Bellies
Resistance should appear near
6417 to 6432 then 6482 to 6512 and the 6577 to 6592 region
BW Traders can sell at 6567 and hold for lower prices..
Support is at 6337 then
6272 to 6257 and the 6192 to 6162 region
Trade accordingly and stay tuned for flashes and updates
The Grande’ Grains
August
Soybeans
Support is at 725 1/2
to 724 1/4 and 717 to
714 1/2
Resistance should appear near 748 3/4 to 751 3/4 and the 776 1/4 to
777 3/4 region.
November Soybeans
Support
is at 734 1/4 to 732 3/4 a close
under augurs for a test of 717
to 714 1/2
Resistance should appear near 757 3/4 to 760 1/4 and the
767 1/2 to 768 3/4 region
Dec Soymeal
Support should appear near 237 to 235.4 and 232.3 to 231.54
Resistance should appear near 241.1 to 241.9 and 246.1 to 246.9
Dec Soybean Oil
Resistance should appear near 2612 to 2620 and 2663 to 2672
Support should appear near 2568 to 2558
and 2519 to 2511
Sept Corn
Support should appear near
241
3/4 to 241 1/4 and 237 to 235 1/2 .
Resistance is at 246 1/4 to 246 3/4 and the 251 1/4 to 251 3/4
region
Sept Wheat
Resistance should appear near 349 1/4 to 350 1/4 and 355 1/4 to 356 1/4 .
Support should appear near 344 1/4 to
342 1/2 and 338 3/4 to 337 3/4
The Satisfying Softs
Sept
'The Monster' Coffee
Support should appear near 11010 to 10960, below that support
should appear near 10680 to 10580
Resistance should appear near 11300 to 11360 and 11640 to 11690 .
Sept
Cocoa
Support is at 1535 to 1529 , a close under is negative and augurs for a test
of 1496 to 1484..
Resistance is at 1569 to 1576 and 1609 to 1615..
Oct
Sugar
Support should appear near907 and 882 to 877 .
Resistance should appear near 932 to 941 and 968 to 972.
Dec
Cotton
Support should appear
near 5285 to 5255 and 5210 to 5200 .
Resistance should appear near 5345 to 5355 and the 5415 to 5430
-
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
6:30 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.
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– 2005 all rights reserved Terms
BW
Recommended Open Positions 6-20-2005
Long Sept
SP500 1217.50
Short 2 Sept Yen 9268 avg
Short Sept EC 12187
Short Sept Swiss Francs 7918
Short August Gold 436.90