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Morning Comments Friday July 8th 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
July 7th , 2005
6:00 PM Eastern time
Open BW Positions
Support should appear near 10257 . Bellow that buyers should appear near 10185
Sept SP500
Recommended open position Long at
1217.50
Resistance should appear near 1217.50 and 1232.00 to 1238.00
Support should appear near 1203.00 to 1197.50 and 1192.00.. Below that
1180.50 should hold.
Nasdaq Composite
Support remains near 2042.00 to 2034.00 and 1996.00 to 1982.00
Resistance should appear near 2080.00 to 2089.00 and 2126.00 to 2134.00
Sept Mini Nasdaq 100
Recommended
open position Long at 1536.00
Resistance should appear near 1529.00
to 1535.00 .
Support is at 1496.00 to 1484.00
Sept Mini Russell 2000
Recommended open position long 2 at 645.60 avg
Support is at 650.90 to 648.30 and 643.00 to
641.70,..Below that 635 to 633.70 should hold..
.BW Traders
can buy at 635.10 and risk a close under 625.1 for three days in a row..
Resistance should appear near
657.70 to 659.10, beyond that a test of 674.3 to 675.50 is likely.
Sept 10 Year T-Note
Resistance
should appear near 112-22 then
113-07 and 113-22
Support
at 112-07 then 111-22 and
111-07
Sept
30 Yr T-Bond
Resistance
Support is
at 117-07 then 116-22. and
116-07
The
Frenzied Forex Front
Sept
Yen
Resistance should appear near 9044 to
9060 and the 9140 to 9156 region.
BW. Traders can sell at 9140 and risk a close
over 9167 for three days in a row .
.
Support should appear near 8964 to 8934, a close under augurs for a test of
the 8777 to 8762 region.
Sept
Euro Currency (EC)
Support should appear at 11920, an
extended trade under augurs for an eventual test of 11805
Resistance
should appear near 11975 and 12030.. Beyond that sellers should appear near
12175. BW Traders can sell at 12175 for a turn lower and hold for lower
prices.
Sept Swiss Franc
Resistance should appear near 7763 to
7777 and the 7836 to 7864 region .
Support should appear near 7675 to
7689 , below that a trade towards the 7601 to 7587 region is likely
Sept British Pound
Support should appear near 17380 to
17320
and 17140
Resistance should appear near 17560 and 17740 to 17800
BW Traders can sell at 17740 for a turn lower and risk a close over 17960 for
three days in a row
Sept Canadian
Dollar
Recommended open position short at 8117
Support
should appear near 8134 to 8119.
Resistance is at 8194 to
8223
BW Traders should go short if a close under 8027 occurs
Sept Aussie Dollar
Resistance should appear near 7414 to
7428
Support should appear near the 7342 to 7328 region
Precious
Metals
August Gold
Recommended open position short at 423.6
Resistance should appear at 430.4
to 431.5 and 437 to 438.1. BW Traders can sell at 430.3 and risk a
close over
438.9 for three days in a row.
Support is at the 423.8 and the
418.3
to 416.3 region.
Sept Copper
Support should appear near 14960 to
14840.
Resistance should appear near 15690
to 15760
Support should appear near 691.5 to
690.5 and 683.5 to 680.5
Resistance should appear near 707.5 to 708.5 and 714.5 to 717.0
Resistance
Support should appear near 5957 to
5945 and 5880 to
5855
August Unleaded Gas
Resistance should appear near 18080
to 18220 and the 18580 to 18650 region
Support should appear near 17800 to 17740 and 16960 to 16890 .
August Heating Oil
Resistance should appear near 18080
to 18220
Support should appear near 17380 to 17310 .
The Lively Livestock
August
Cattle
Recommended open position Short at
7930
Support should appear near 7957 to 7937
and 7867 to 7837
Resistance is at near 8027 to 8047 and 8117 to 8137
August
Hogs
Recommended
open position short 3 at 6762 avg
Support is at
6807 then 6757 to 6742 and the 6672 to 6657 region
Resistance is at 6907 to 6922
and the 6992 to 7002 region
October Hogs
Recommended open position short at 5480
Support is 5882 to 5857 and 5807 to 5792. ..
Resistance is at the 5942 to 5957
and the 6022 to 6037
region. Above that sellers should appear near 6102. .
BW Traders can sell at 6102
for a turn lower and risk a close over 6212 for three days in a row hold for
lower prices..
BW
Traders should go short if a close under 5787 occurs
August
Pork Bellies
Resistance should
appear near 5882 then 5942 to 5957 and 6022 to 6037 .
Support is
at 5807 to 5792 and 5732 to 5717
The Grande’ Grains
August
Soybeans
Support is at
691 3/4 to 690 1/4 .and 675 1/2 to 674 3/4
Resistance should appear near the 707
3/4 to 708 3/4 and 714 1/2 to 717
November
Soybeans
Recommended open position short at 713 3/4
Support
is at 700 1/4 to 699 and 683 3/4 to 680 3/4 .
Resistance should appear near 714 1/2
to 717 and 732 3/4
to 734 1/4 .
BW Traders should go short if a close under 680 ¼ occurs. .. Stay tuned for
updates
Dec
Soymeal
Recommended open position Short at 226.4
Support
should appear near 213.4 to 212.6 and 208.9 to 208
Resistance should appear near 217 to
218.5 then 221.9
to 222.6 and 226.7
to 227.5
Dec Soybean Oil
Resistance should appear near 2558
to 2568 and 2612
to 2620
Support should appear near 2519 to 2511 and
2469 to 2461
Support
should appear near 237 to 235 1/2 and 232 to 231 1/2.
Resistance is at 241
3/4 then 246 to 246 3/4
Sept
Wheat
Recommended open position Short 331 1/2
Resistance should appear near 344
then 349 1/4
to 350 1/4 and 355 1/4 to 356 1/4
Support should appear near 338 3/4 to 337 3/4
and 332 3/4 to 331 3/4
Sept
'The Monster' Coffee
Support should
appear near 10680 to 10580 and 10360 to 10320
Resistance should appear near 10960 to 11010 and 11300 to 11360
Sept
Cocoa
Support is at 1383
to 1377
Resistance is at 1415 to 1421 .
Oct Sugar
Support should appear near 932 and 912 to 907
Resistance should appear near 941 and 968 to 972.. BW Traders can sell at
967 and Hold for lower prices..
Dec Cotton
Support should appear near 5555
then 5505 to 54980 and the 5430
to 5415 region
Resistance should appear near 5640 to 5655then 5715 to 5730 and the
5790 to 5805 region
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
7:30 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
Long Sept SP500 1217.50
Long Sept Mini Nasdaq 1536
Long 2 Sept Mini Russell 645.60 avg
Short Sept Canadian Dollars 8117
Short August Gold 423.6
Short August Cattle 7930
Short 3 August Hog 6762 avg
Short Oct Hogs 5480
Short Nov Soybeans713 3/4
Short Dec Soymeal 226.4
Short Sept Corn 235 1/4
Short Sept Wheat 331 1/2