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FuturesCom
Investment Publications
Morning Comments Monday July 11th 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
Saturday
July 9th , 2005
8:00 AM Eastern time
Open BW Positions
Support should appear near 10360.00 to
10320.00 and 10257 .
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..
Nasdaq Composite
Support remains near 2089.00 to 2080.00
Resistance should appear near 2126.00 to 2134.00
Sept Mini Nasdaq 100
Recommended
open position Long at 1536.00
Resistance should appear near
1569.00 to 1576.00 .
Support is at 1535.00 to 1529.00
Sept Mini Russell 2000
Recommended open position long at 635.10
Support is at 659.10 to
657.70 and the 650.90 to 648.30 region
Resistance should appear near
665.90 to 667.3 and 674.3 to 675.50.
Sept 10 Year T-Note
Resistance
should appear near 112-07 and 112-22
Support
at 111-22 and
111-07
Sept
30 Yr T-Bond
Resistance
Support is 116-07
and 115-22
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 11975 to 11920, an
extended trade under augurs for an eventual test of 11805
Resistance
should appear near 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 7689 to
7675 , below that a trade towards the 7601 to 7587 region is likely
Sept British Pound
Support should appear near 17310
and 17140
Resistance should appear near 17380 and 17560
Sept Canadian
Dollar
Recommended open position short at 8117
Support
should appear near 8134 to 8119.
Resistance is at
8223 and 8300 to 8314
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 15350 to
15290 and 14960 to
14840.
Resistance should appear near 15690
to 15760 and 16090 to 16150
Support should appear near 700.5 to
699.0 and 691.5 to
690.5
Resistance should appear near 707.5 to 708.5 and 714.5 to 717.0
Resistance
Support should appear near 5880 to
5855 and 5805 to 5792
August Unleaded Gas
Resistance should appear near
17740 to 17800 and 18080
to 18220
Support should appear near 17380 to 17310 and 16960 to 16890 .
August Heating Oil
Resistance should appear near
17310 to 17380 and 17740 to 17800
Support should appear near 16960 to 16890 and 16550 to 16420 .
The Lively Livestock
August
Cattle
Recommended open position Short at
7930
Support should appear near 7867 to 7837
and the 7777 to 7762 region
Resistance is at 7937 and the 8027 to 8047
region.
August
Hogs
Recommended
open position short 3 at 6762 avg
Support is at
6672 to 6657 and the 6592 to 6577 region .
Resistance is at 6742
to 6757 and 6807 to 6837
October Hogs
Recommended open position short at 5480
Support is 5882 to 5857 and 5807 to 5792 region . Below that
a test of 5732 to 5717 is likely.
Resistance is at 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 6022 to 6037 and 6102 to 6112.. Beyond that
sellers should appear near 6162 to 6192
Support is
at 5957 to 5942 and the 5882 to 5852 region .
The Grande’ Grains
August
Soybeans
Support is at 675 1/2 to 674 3/4 and
the 659 1/4 to 657 3/4 region.
Resistance should appear near
680 3/4 to 683 3/4 and 699 to 700 1/4 region.
November
Soybeans
Support
is at 683 3/4 to 680 3/4 , a close under augurs for a test of 667 1/4 to
659 3/4
Resistance should appear near 690 3/4
to 691 3/4 and the 707 1/2 to 708 3/4 region.
BW Traders should go short if a close under 680 ¼ occurs. .. Stay tuned for
updates
Dec
Soymeal
Support
should appear near 212.6 and 208.9 to 208. .Below that a test of 204.2
to 203.4 is likely.
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 2511
to 2519 and 2558
to 2568
Support should appear near 2469 to 2461
and 2419 to 2411
BW Traders should go short if a close under 2407 occurs.
Support
should appear near 232 to 231 1/2.and 227 1/2 to 226 3/4
Resistance is at 235 1/2 to 237
and 240 1/4 to 241
3/4
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 1/4 region.
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 941 to 932
Resistance should appear near 968 to 972.. BW Traders can sell at
967 and Hold for lower prices..
Dec Cotton
Support should appear near 5505 to
5490 then 5430
to 5415 and 5355 to 5345
Resistance should appear near 5555 to 5580 then 5640 to 5655 and
the 5715 to 5730 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
10:30 AM 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 Sept Mini Russell 635.10
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 Sept Corn 235 1/4
Short Sept Wheat 331 1/2