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FuturesCom Investment Publications
Morning Comments  Thursday July 21st  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 

Wed July 20th ,  2005
2:30  PM  Eastern time   
Open BW Positions                         

 

                                                                            The Sensational Stock and Bond Markets  

Dow Jones Industrial Average
Resistance
should appear near 10680 then 10820 and 10960 to 11010.
Support
should appear near  10630 and 10580 . Below that buyers should appear near 10470 

Sept SP500
Support
should appear near 1232.00 and 1217.50
Resistance should appear near 1238 and 1253.00 
Aggressive  BW Traders should go long if a close over 1238.10 occurs

Nasdaq Composite
Support
should appear near 2170 and 2134 to 2126 
Resistance should appear near  2185 and 2219 to 2226 

Sept Mini Nasdaq 100
Resistance
should appear near 1609 to 1615 and the 1642 to 1655 region
Support is at 1576.00 to 1569.00  and 1535.00 to 1529.00  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 675.50 to 674.30 and 667.30 to 665.90  
Resistance should appear near  680.90 to 683.60 and 690.6 to 691.90 

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 116-21.and 117-22
Support  is  at 116-07 and 115-21.

                                                                                The Frenzied Forex Front

Sept  Yen
Resistance
should appear near 8934 to 8964 and  9044 to 9060.  
Support
should appear near 8871 to 8856 and the 8777 to 8762 region. 

Sept Euro Currency (EC)
Recommended open position Short at 12102
Support
should appear at 12175 and 12030 to 11920 
Resistance
should appear near 12247 and the 12320 to 12380 region 
BW Traders can sell at 12349 and risk close over 12392 for three days in a row.  

Sept Swiss Franc
Recommended open position short 7834
Resistance
should appear near 7836 to 7864 and 7939 to 7954
Support
should appear near 7777 to 7763 and 7689 to 7675 
BW Traders should go short if a close under 7722 occurs

Sept British Pound
Support
should appear near 17310 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
S
upport should appear near 8194 and 8134 to 8119 
Resistance is at  8223 and 8300 to 8314 .

Sept Aussie Dollar
Recommended open position short at 7486
Resistance
should appear near  the 7587 to 7601 region . 
Support should appear near the 7513 to 7486 and  7428 to 7414   
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. 
BW  Traders should go short if a close under 415.9 occurs.

Trade Accordingly

Sept Copper
Support
should appear near 15760 to 15690 and 15350 to 15290
Resistance should appear near 160.90 to 161.50 and the 164.20 to 165.50 region. 
BW Traders should go short if a close under 152.80 occurs

Sept Silver 
Support
should appear near 708.5 to 707.5 and 700.5 to 699.0  ..
Resistance is at 724.0 to 7325.5 and the 732.5 to 734.0 region

The Exciting Energies

Sept Crude Oil
Resistance
should appear near 5855 to 5880 and 5945 to 5957
Support
should appear near 5729 to 5716 and 5577 to 5553

Sept Unleaded Gas 
Re
sistance should appear near  16550 and 16890 to 16960 .. 
Support
should appear near 16150 to 16090 and the 15350 to 15290 region.

Sept Heating Oil
Re
sistance should appear near 16420 to 16550 and 16890 to 16960 
Support
should appear near 16150 to 16090 and 15760 to 15690.

                                                           The Lively Livestock 
 

October  Cattle
Support
should appear near 8137 to 8117 and 8037 to 8022 , a close under is negative and augurs for a test of 7867 to 7837
Resistance is at  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
Support is at  6757 to 6742 and 6672 to 6657
Resistance is
at  6807 to 6837 and the 6907 to 6922 region  

October Hogs
Recommended open position short 3 at 5695 avg
Support
is 5807 to 5792 and 5732 to 5717  
Resistance is at  5857 to 5882 then 5942 to 5957 and the 6022 to 6037 region.  ..

BW Traders should go short if a close under 5637 occurs

August Pork Bellies
Support
should appear near 6922 to 6907 and 6757 to 6742 .. .
Resistance is at  6987 to 7002 and 7072 to 7087

                                        The Grande’ Grains 
November Soybeans
Support
at 683 3/4 to 680 3/4 and the 667 1/4 to 665 3/4 region  ..
Resistance  should appear near 699 to 700 1/2 and 714 1/2 to 717  .

Dec Soymeal
Support should appear near  213.4 to 212.6 and 208.9 to 208 
Resistance
should appear near 217 to 281.5 and 221.9 to 222.6  

Dec  Soybean Oil
Recommended open position short at 2474
Resistance should appear near 2511 to 2519 and 2558 to 2568  
Support should appear near 2469 to 2461 and the 2419 to 2411 region. . 

Dec Corn

Resistance should appear near 255 3/4 to 256 3/4  and 261 1/4 to 262 
Support is at 246 3./4 to 246 1/4 and 241 3/4 to 241 1/4

Dec Wheat
Resistance should appear near 349 1/4 to 350 1/4  and  355 1/4 to 356 1/4   .
Support should appear near 344 1/4 to 342 1/4 and the 338 3/4 to 337 3/4 region  

                                                                                                    The Satisfying Softs  

Sept 'The Monster' Coffee
Support  
should appear near 9735 to 9705 and 9545 to 9525 
Resistance should appear near 9925 to 9935 and the 10000  to 10050 region 

Sept Cocoa
Support
is at 1383 to 1377 
Resistance is at  1415 to 1421.

Oct Sugar
Support
should appear near 941 to 932 and 912 to 907 
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..

Dec Cotton
S
upport should appear near 4925 to 4915 and the 4855 to 4845 region
Resistance should appear near 5055 to 5065 and 5125 to 5140 
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  

Wed July 20th, 2005

3:30  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 7-20-2005
Short Sept EC 12102 
Short Sept Swiss Francs 7834
Short Sept Aussie Dollar 7486
Short August Gold 423.6

Short 3 Oct Hogs 5695 avg