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Morning Comments Thursday June 30th 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
"Among
the hazards of speculation the happening of the unexpected -I might even say the
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 prior 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
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.
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
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.
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 675
1/2 to 674 1/4 and 667
1/4 to 665 3/4
Resistance should appear near 680 3/4 to
683 3/4 and the 690 3/4 to 691 3/4 region
November Soybeans
Support
is at 683 3/4 to 680 3/4 then
675 1/2 to 674 1/4 and the 667 1/4 to 665 3/4 region
Resistance should appear near 690 3/4 to 691 3/4 and
the 699 to 700 1/4 region Beyond that sellers should appear near 714 1/2 to 717
Dec Soymeal
Support should appear near 208.9 to 208 and the 204.2 to 203.4 region
Resistance should appear near 213.4 and 217.0 to
218.5
Dec Soybean Oil
Resistance should appear near 2511 to 2519 and 2558 to
2568
Support should appear near 2469 to 2461 and
2419 to 2411
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
Resistance should appear near 342 1/2 to 344 1/4 and the 349 1/4 to 350 1/4 region ..
Beyond that sellers should appear near 355 1/4 to 356 1/4
Support should appear near 337 3/4 and
the 332 3/4 to 331 3/4 region.. Below that test of 327 to 326 1/2 is likely
BW Traders should go short if a close under 331 1/2 occurs
The Satisfying Softs
Sept
'The Monster' Coffee
Support should appear near 10580 and 10360 to 10320
Resistance should appear near 10680 and 10960 to 11010
Sept
Cocoa
Support is at 1496 to 1484 and 1459 to 1453
Resistance is at 1529 to 1535 and 1569 to 1576.
Oct
Sugar
Support should appear near 922 and the 912 to 907 region
Resistance should appear near 932 to 941 and the 968 to 972.
region
Dec
Cotton
Support should appear
near 5505 to 5490 then 5430 to 5415.. Below that a test of 5355 to 5345 is
likely.
Resistance should appear near 5555 to 5580 and the 5640 to
5655 region .. Beyond that sellers should appear near 5715 to 5730
-
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
4:30 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.
FuturesCom Investment
Publications © copyright 1996
– 2005 all rights reserved Terms
BW
Recommended Open Positions 6-29-2005
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 July Hogs 6570
Short Oct Hogs 5480