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FuturesCom Investment Publications
 Morning Comments  Friday July 1st 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 

We are what we repeatedly do. Excellence, then, is not an act, but a habit."  
 -Aristotle-

 Most U.S Markets have an early closing on Friday July 1st .  In addition All U.S Pit trading  will be closed on Monday July 4th. 
Globex opens normal time Sunday night.  Trading  halts for Equity products at 11:30 a.m. and resumes at 6:00 p.m. Forex trading halts  at 1:00 PM and resumes also  at 5:00 p.m

Our Bi-Weekly Issue # 221 will be issued before trading begins on Tuesday . 

Have a Safe and Happy 4th !

Friday July 1st ,  2005
7:00  PM  Eastern time   
 Open BW Positions

                                                               The Sensational Stock and Bond Markets  

Dow Jones Industrial Average
Resistance should appear near 10320 to 10360 and 10470  
Support should appear near 10257 and  10185

Sept SP500
Recommended Open Position 1217.50 
Resistance should appear near 1197.50 to 1203 and 1217.50  
Support should appear near  1192.00 and 1180.50

Nasdaq Composite
Support remains near 2042 to 2034  
Resistance should appear near 2080 to 2089 

Sept Mini Nasdaq 100
 Recommended Open position long at 1536
Resistance should appear near 1529 to 1535
Support is at  1496 to 1484. 

Sept Mini Russell 2000
Support is at 641.70 then  635.00 to 633.70 and 627.00 to 625.70
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 113-22 and 14.07
Support  at 113-07 and 112-22. 

Sept 30 Yr  T-Bond 
Resistance should appear near 119-07 and 119-22
Support  at 118-22 and 118-07

 

                                  The Frenzied Forex Front

Sept  Yen
Resistance should appear near 9140 to 9156 and  9237 
Support should appear near 9060 to 9044 and 9004  

Sept Euro Currency (EC)
Support should appear at 12030 to 11920 
Resistance should appear near 12175 and 12247.

Sept Swiss Franc
Resistance should appear near  7864 and  7939 to 7954
Support should appear near the  7777 to 7763 region.  

Sept British Pound
Recommended open Position Short 18002
Support should appear near 17800 to 17740 region 
Resistance should appear near 17940 then 18080 to 18150 and 18220 
 
Sept  Canadian Dollar
Support should appear near 8134 to 8119 and 8081
Resistance is at 8194 to 8223 and 8300 to 8314

Sept Aussie Dollar
Recommended open position short at 7635
Resistance should appear near  7587 to 7601 and 7675 to 7689 
Support should appear near 7513 to 7486 
   
                                                               Precious Metals  

August Gold
Recommended open position Short at 436.9  
Resistance should appear at  437.0 to 438.10 and the 442.5 to 444.6 region 
Support is at the 431.5 to 430.4 region 

Sept Copper
Support should appear near 14960 to 14840 and the 14590 to 14530 region 
Resistance should appear near 15290 to 15350 and 15690 to 15760 

Sept Silver 
Support should appear near  707.5 and the 700.5 to 699.0 region
Resistance is at 714.5 to 717.0 and the 723.5 to 725.5 region. 


The Exciting Energies

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

August Unleaded Gas 
Resistance should appear near 16090 to 16150 and the 6490 to 16550 region 
Support should appear near 15690 and the  15350 to 15290  region 

August Heating Oil
Resistance should appear near 16420 to 16550 and 16890 to 16960
Support should appear near  16150 to 16090 and 15760 to 15690 

                                               The Lively Livestock  

August  Cattle
Recommended Open position Short at 7930
Support should appear near  7867 to 7837 and  7777 to 7762 
Resistance is at near 7937 to 7957 and 8027 to 8047.

July Hogs
 Recommended open position short at 6570
Support is a 6512 to  6482 then 6432 to 6417 and the 6352 to 6337 region 
Resistance is at  6577 to 6592 and the 6657 to 6672 region. 

August Hogs 
 Support is at 6432 to 6417 and 6352 to 6337 
Resistance is at  6512 . Beyond that sellers should appear near 6577 to 6592 

October Hogs
 Recommended open position short at 5480
Support is  5577 to 5552 and 5507 to 5492 
Resistance is at  5717 to 5732 and 5792 to 5807 

Aug Pork Bellies
Support should appear near 5652 to 5642 and the 5577 to 5552 region 
Resistance should appear near 5717 to 5732 and the 5792 to 5807 region 


                                    The Grande’ Grains
August  Soybeans
Support is at  659 1/4 to 657 3/4 and the 650 3/4  to 648 1/4
 Resistance should appear near 6671/4 then 674 1/4 to 675 1/2  and  680 3/4 to 683 3/4 

November Soybeans
Support is at 667 1/4 to 665 3/4 and 650 3/4 to 648 1/4 
Resistance should appear near 680 3/4 to 683 3/4 and 690 3/4 to 691 3/4  

Dec Soymeal
Support should appear near 208 and the 204.2 to 203.4 region  
Resistance should appear near 212.6 to 213.4 and 217.0 to 218.5 

Dec  Soybean Oil
Resistance should appear near 2461 to 2469 and 2511 to 2519 
Support should appear near 2419 to 2411 and the 2370 to 2354 region

Sept 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 231 1/2 to 232 1/4   

Sept Wheat
Recommended open position Short 331 1/2
Resistance should appear near 337 3/4 to 338 3/4 and 342 1/2 to 344 1/4
Support should appear near 332 3/4 to 331 3/4 and the  327 to 326 1/2 region  

                                                       The Satisfying Softs  
Sept 'The Monster' Coffee
Support  should appear near 10680 to 10580 
Resistance should appear near  10960 to 11010 

Sept Cocoa
Support is at 1421 to 1415 and 1383 to 1377
Resistance is at 1453 to 1459 and 1484 to 1496.

Oct Sugar
Support should appear near 922 and the 912 to 907 region 
Resistance should appear near 941 and the 968 to 972. region 

Dec Cotton
Support should appear near 5575 to 5555 and the 5505 to 5490 region .  
Resistance should appear near 5640 to 5655 and 5715 to 5730 .. Beyond that 5790 to 5805 should cap a rally 

- 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 30th, 2005
9:15  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  6-30-2005
Long Sept  SP500  1217.50 
Long Sept Mini Nasdaq  1536
Short Sept British Pounds 18002 
Short Sept Aussie Dollar 7635
 Short August Gold 436.90
Short August Cattle 7930
Short July Hogs 6570
Short Oct Hogs 5480
Short Sept Wheat 331 1/2