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Morning Comments Tuesday July 26th 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 25th, 2005
1:00 PM 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 115-07.and 114-21
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 17380 to 17310
Resistance should appear near
17560 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 16150 to
16090
Resistance
should appear near
the 164.20 to 165.50 region.
Sept Silver
Support should appear near 708.5 to
707.5 and 700.5 to 699.0 ..
Resistance is at 714.5 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 8037 to
8022
Resistance
is at 8117 to 8137 and 8192 to 8222
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 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 5792 to
5807 and the 5852 to
5882 region.
BW Traders should go short if a close under 5637 occurs
August
Pork Bellies
Support
should
appear near 7172 to 7142
Resistance
is
at 7412 to 7427 and 7487
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
241 1/4 to 241 3/4 and 246 1/4 to 246 3/.4
Support is at 237 to 235 1/2 and 232
1/4 to 231 1/2
Resistance should appear near
342 1/2 to 344 1/4 and 349 1/4 to 350 1/4
.
Support should appear near 337 3/4
and the 332 3/4 to 331 3/4 region.
The Satisfying Softs
Support should
appear near 10135 to 10105 and 9935 to 9925
Resistance should appear near 10320 to 10360 and 10470
Sept
Cocoa
Support is at 1409 and 1383 to
1377
Resistance is at 1421 and 1453 to 1459
Oct
Sugar
Recommended Open Position Short at 967
Support should appear near 972 to 968
Resistance 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
Monday July 25th , 2005
2:15 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 August Gold 423.6
Short 3 Oct Hogs 5695 avg
Short Oct Sugar 967