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Morning Comments Monday July 25th 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
"Observation. experience , memory and mathematics--These are what a successful trader must depend on. He Must not only observe accurately but remember at all times what he has observed. He cannot bet on the unreasonable or on the unexpected, however strong his personal convictions maybe about man's unreasonableness or however certain he may feel that the unexpected happens very frequently. He must bet always on probabilities--that is try to anticipate them. Years of practice at the game, of constant study, of always remembering, enables the trader to act when the unexpected happens as well as when the expected comes to pass. A man can have great mathematical ability and unusual power of accurate observation and yet fail in speculation unless he also possesses the experience and memory " --Reminiscences of a Stock operator- 1929
Saturday
July 23rd, 2005
8:30 AM Eastern time
Open BW Positions
The
Sensational Stock and Bond Markets
Dow Jones Industrial
Average
Resistance should
appear near 10680, beyond that a test of 10820 is likely .
Support should appear near 10630
to 10580 .
Below that buyers should appear near 10470..
Sept SP500
Support should appear near 1232.00 and
1217.50 and 1202.00 to 1192.00
BW traders can buy at 1203.10 and hold for higher prices.
Resistance should appear near 1238.00 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
Sept Mini Nasdaq 100
Resistance should appear near
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
Support is at 675.50 to 674.30 and 659.10 to 657.7
Resistance
should appear near 680.90 to 683.60 and 690.60 to 691.90 .
Sept 10 Year T-Note
Resistance
should appear near 111-22 and
112-07
Support
at 111-07 and 110-22
Sept
30 Yr T-Bond
Resistance should appear near
116-07 and 116-22
Support is
at 115-22 and 115-07.
The Frenzied Forex Front
Sept
Yen
Resistance
should appear near 9044 to 9060
and 9140 to 9156
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 and 11805
Resistance should appear near 12175
and 12247. Beyond that sellers should appear near 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.
Support should appear near 7689 to
7675 , a close under augurs for a test of
7601 to 7587
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 17380
and the 17740 to 17800 region
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 8194 and
the 8134 to 8119 region..
Resistance
is at 8223 and the 8300
to 8314 region .
Sept Aussie Dollar
Resistance
should appear near
7675 to 7689 .
Support
should appear near the 7601 to 7587
Precious
Metals
August Gold
Recommended
open position short at 423.6
Resistance should appear at 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.
Trade Accordingly
Sept Copper
Support should appear near 15760 to15690 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 15280 occurs
Sept Silver
Support should appear near 708.5 to
707.5 and 700.5 to 699.0 ..
Resistance is at 71`4.5 to 717.0 and the 724.0 to 725.5 region
The Exciting
Energies
Resistance should
appear near 5880 and the 5945 to 5957 region
Support should
appear near 5805 to 5792 , a close under augurs for a test of 5729 to 5716 and
the 5653 top 5640 region.
Sept Unleaded Gas
Resistance should appear near 16890 to 16960
and 17310 to 17380.
Support should appear near 16550 to
16420 and 16150 to
16090 .
Sept 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
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 6837
and 6907 to 6922
October Hogs
Recommended
open position short 3 at 5695 avg
Support is 5732 to 5717 and the
5652 to 5637 region
Resistance is at 5852 to
5882 and the 5942 to 5957 region.
BW Traders should go short if a close under 5637 occurs
August
Pork Bellies
Support
should
appear near 7002 to 6992
Resistance
is
at 7242 to 7257
The Grande’ Grains
November Soybeans
Support
at
667 1/4 to 665 3/4
and 659 1/4 to 657 3/4.
Resistance
should appear near 680 3/4 to 683 3/4 and 699 to 700 1/2.
Dec
Soymeal
Support should appear near 208.9 to
208 and 204.2 to 203.4
Resistance should appear near 212.6 to 213.4 and 217 to 281.5
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
Dec
Corn
Resistance should appear near
246 1/4 to 246 3/.4 and 251 1/4 to 251 3/4
Support is at 241 3/4 to 241 1/4
and 237 to 235 1/2
Resistance should appear near
349 1/4 to 350 1/4
and 355 1/4 to 356 1/4 .
Support should appear near 342 1/2
and 338 3/4 to 337 3/4
The Satisfying Softs
Support should
appear near 9935 to 9925 and 9735 to 9705
Resistance should appear near 9925 to 9935
Sept
Cocoa
Support is at 1383 to
1377
Resistance is at 1415 to 1421.
Oct
Sugar
Recommended Open Position Short at 967
Support should appear near 941 to 932
and 912 to 907
Resistance should appear near 972.. Beyond that sellers should
appear near 1000 to 1005..
Dec Cotton
Support
should appear near 5140 to 5125 and
4995 to 4975.
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
Saturday July 23rd , 2005
10:25 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
Short Sept EC 12102
Short August Gold 423.6
Short 3 Oct Hogs 5695 avg
Short Oct Sugar 967