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Morning Comments Tuesday July 19th 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
Monday
July 18th , 2005
4:15 PM Eastern time
Open BW Positions
The
Sensational Stock and Bond Markets
Dow Jones Industrial
Average
Resistance should
appear near 10580 to 10630 and 10680 .
Support should appear near 10470..
Below that buyers should appear near 10360 to 10320
Sept SP500
Support should appear near 1217.50 and
the 1203 to 1192.00 region
BW Traders can buy at 1203.10 for a good bounce and hold for higher prices
Resistance should appear near 1232 to
1238 and 1268 to 1274
Aggressive BW Traders should go long
if a close over 1238.10 occurs
Nasdaq
Composite
Support should appear near 2134 to 2126
Resistance should appear near 2170 to 2185
Sept Mini Nasdaq 100
Resistance should appear near 1609 to
1615 and the 1642 to 1655 region
Support is at 1576 to 1569 and 1535 to 1529 . BW Traders can buy at 1536
and hold for higher prices .
Risk close under 1481 for three days
in a row,
Sept Mini Russell 2000
Support is at 659.10 to 657.7 and the
650.9 to 648.30 region...Below that buyers should appear near 643.00 to 641.70 .
BW. Traders can buy at 651.10 and risk a close under 640.9 for three days in a
row.
Resistance
should appear near 665.90 to 667.30 and 674.3 to 675.50 .
Sept 10 Year T-Note
Resistance
should appear near 112-07 and
112-22
Support
at 111-07 and 110-22.
Sept
30 Yr T-Bond
Resistance should appear near 116-07
and 116-21.
Support is
at 115-21 then 115-07 and
114-21.
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 and 8871 to 8856
Sept
Euro Currency (EC)
Recommended open position Short
at 12102
Support should appear at 12030 to
11920
Resistance should appear near 12102
and 12175...Beyond that sellers
should appear near 12247 and 12320 to 12380.
BW Traders can sell at 12349 and risk close over 12392 for three days in a row.
Sept Swiss Franc
Resistance should appear near 7763 to
7777 and the 7836 to 7864 region .BW Traders can sell at 7834 for a turn lower
and risk a close over 7957 for three
days in a row
Support should appear near 7689 to
7675 below that a trade towards the
7601 to 7587 region is likely
BW Traders should go short if a close under 7722 occurs
Sept British Pound
Support should appear near 17380 to
17320 and the 16960 to 16890 region
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
Support
should appear near 8223 to 8194
Resistance
is at 8300
to 8314 region.
Sept Aussie Dollar
Recommended open position short at 7486
Resistance should appear near
7513 and the 7587 to 7601 region .
Support
should appear near the 7428 to 7414
, a close under augurs for a test of 7342 to 7328
BW Traders should go short if a close under 7411 occurs
Precious
Metals
August Gold
Recommended
open position short at 423.6
Resistance should appear at 423.8 to
424.9 and 430.4 to 431.5.. BW Traders
can sell at 430.3 and risk a close over 438.9 for three days in a row.
Support is at 418.3 to 416.3
, a slip under augurs for a test of 412.0 to 411.0 region.
Trade Accordingly
Sept Copper
Support should appear near 15350 to
15290
Resistance
should appear near 15690 to 15760 and
160.90 to 161.50
BW Traders should go short if a close under 152.80 occurs
Sept Silver
Support should appear near 691.5 to
690.5 then 683.5 to 680.5 and the 667.5 to 665.5 .region ..
Resistance is at the 707.5 to 708.5 region .Beyond that 714.5 to 717.0
should cap a rally
The Exciting
Energies
Resistance should
appear near 5855 to 5880 and 5945 to 5957
Support should
appear near 5805 to 5792 and the 5729 to 5716 region… A close under is
negative and augurs for a test of 5577 to 5553.
Sept Unleaded Gas
Resistance should appear near
16420 to 16550 and 16890 to 16960 ..
Support should appear near 16150 to
16090 and the 15350 to 15290 region.
Sept Heating Oil
Resistance should appear near
16890 to 16960 and 17310 to 17380
Support
should appear near 16550 to 16420 and
16150 to 16090 ..
The Lively Livestock
Support should appear near 8037 to
8022 , a close under is negative and augurs for a test of 7867 to 7837
Resistance
is at 8117
to 8137 Beyond
that sellers should appear ear 8192 to 8222 and 8297 to 8317.BW. Traders can
sell at
8297 and risk a close over 8427 for three days in a row
BW Traders should go short if a close under 8017 occurs.
August Hogs
Recommended
open position short at 6902
Support is at 6672
to 6657 and 6592 to 6577
Resistance is at
6742 to 6757 ..Beyond that sellers should appear near 6807 to 6837 .
October Hogs
Recommended
open position short 2 at 5617 avg
Support is 5732 to 5717 and 5652 to
5637
Resistance is at 5807.. Beyond
that sellers should appear near the 5852 to 5882 and the 5942 to 5957 region ..
BW Traders should go short if a close under 5637 occurs
August
Pork Bellies
Resistance should
appear near 6657 to 6672 and 6742 to 6757 .. .
Support is
at 6592 to 6577 and 6512 to 6482 .
The Grande’ Grains
November Soybeans
Resistance at 732
3/4 to 734 1/2 and the 741 1/2 to 742 3/4 ..
Support
should appear near 717 to 714 1.2 and 700 1/4 to 699 .
Dec
Soymeal
Support should appear near
222.6 to 221.9 and 218.5 to 217.0
Resistance should appear near 226.7 to 227.5 and 231.5 to 232.2
Dec Soybean Oil
Resistance should appear near 2612
to 2620 and the 2663 to 2672 region . Which should cap a rally
Support
should appear near 2568 to 2558 and the 2519 to 2511 region. . A close under
is negative and augurs for a test of 2370 to 2354
BW Traders should go short if a close under 2507 occurs
Dec
Corn
Resistance should appear near
271 3/4 to 272 1/2 and 282 to 282
3/4 which should cap a rally..
Support is at 267 1/4 to 266
1/2 and the 262 to 261 1/4 region.
Resistance should appear near
368 1/4 and 373 1/2 to 374 3/4 .....
Support should appear near 362 1/4 to
361 1/4 and
350 1/4 to 349 1/4
The Satisfying Softs
Sept
'The Monster' Coffee
Support should
appear near 9935 to 9920
and 9545 to 9525
Resistance should appear near 10320 to 10360
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 941 to 932
Resistance should appear near 968 to 972.. Beyond that sellers should
appear near 1000 to 1005..
BW Traders can sell at 967 and Hold for lower prices..
Support
should appear near 5070 to 5055 and
the 4925 to 4915 region.
Resistance should appear near 5200 to 5210 and 5255 to 5285
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
Monday July 18th, 2005
5:20 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
Short Sept EC 12102
Short Sept Aussie Dollar 7486
Short August Gold 423.6
Short August Hog 6902
Short 2 Oct Hogs 5617 avg