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FuturesCom Investment Publications
Morning Comments Thursday July 28th  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 27th,  2005
4:30  PM  Eastern time   
Open BW Positions                         

                                                                            The Sensational Stock and Bond Markets  

Dow Jones Industrial Average
Resistance
should appear near 10680 and 10820
Support
should appear near 10630 and 10580 .

Sept SP500
Recommended open position Long 1239.70
Support
should appear near 1238.00 to 1232.00 and 1217.50.  
Resistance should appear near  1253.00 and the 1268.00 to 1274.00 region 

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

Sept Mini Nasdaq 100
Resistance
should appear near  the 1642 to 1655 region
Support is at 1615.00 to 1609.00    

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 111-07 and 111-22
Support  at  110-22 and 110-07

Sept 30 Yr   T-Bond 
Resistance
should appear near  115-22 and 116-07
Support  is  at 115-07.and 114-21

                                                                                The Frenzied Forex Front

Sept  Yen
Resistance
should appear near  8964 and 9044 to 9060 
Support
should appear near  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 and the 16960 to 16890 region 
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
S
upport should appear near 8044 to 8029  .. 
Resistance is at 8119 to 8134

Sept Aussie Dollar
Resistance
should appear near  7587 to 7601 . 
Support should appear near the 7513 to 7486
  

                                                                                                    Precious Metals
August Gold
Recommended open position short at 423.6
Resistance
should appear a  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. 
BW  Traders should go short if a close under 415.9 occurs.

Trade Accordingly

Sept Copper
Support
should appear near 16150 to 16090 
Resistance should appear near  the 16420 to 16550 region. 

Sept Silver 
Support
should appear near  700.5 to 699.0and the 691.5 to 690.5 region.
Resistance is at 707.5 to 708.5 and 714.5 to 717.0

The Exciting Energies

Sept Crude Oil
Resistance
should appear near 5945 to 5957 and 6023 to 6035 
Support
should appear near 5880 to 5855 and 5805 to 5792

Sept Unleaded Gas 
Re
sistance should appear near 16960 and 17310 to 17380. 
Support
should appear near 16550 to 16420 and 16150 to 16090 .

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

                                                           The Lively Livestock 
 

October  Cattle
Support
should appear near 8037 to 8022 
Resistance is at  8137 and 8192 to 8222    
BW Traders should go short if a close under 8017 occurs.

August Hogs
Support is at  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 5652 to 5637 and 5577 to 5552  
Resistance is at 5717 to 5732 and 5792 to 5807 .
BW Traders should go short if a close under 5637 occurs 


Aug  Bellies 
Support
should appear near 7777 to 7762 and 7602 to 7587   
Resistance is at  7837 to 7867 and 8027 to 8042

                                        
The Grande’ Grains
 

November Soybeans
Support
at  683 3/4 to 680 3/4 and 667 1/4 to 665 3/4.
Resistance  should appear near 699 to 700 1/2. and 707 1/2 to 708 1/2 

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
Resistance
should appear near 2511 to 2519 and 2558 to 2568 
Support should appear near 2461 and 2419 to 2411 

Dec Corn

Resistance should appear near 251 1/4 to 251 3/4 and 255 3/4 to 256 3/4 
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 the 355 1/4 to 356 1/4  region 
Support should appear near 344 1/4 to 342 1/2 and the 332 3/4 to 331 3/4 region. 

                                                                                                         
                                                                                                      
 
The Satisfying Softs    
Sept 'The Monster' Coffee
Support  
should appear near 9935 to 9925  and the 9735 to 9705 region. 
Resistance should appear near 10105 to 10135 and 10320 to 10360


Sept Cocoa
Support
is at  1421 to 1409 and 1383 to 1377 
Resistance is at 1459 and 1484 to 1496

Oct Sugar
Recommended Open Position Short at 967
Support
should appear near 972 to 968  
Resistance should appear near 1000 to 1005 

Dec Cotton
S
upport 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  

Wed  July 27th , 2005

5:35  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 7-27-2005
Long Sept SP500 1239.70
Short Sept EC 12102 
Short August Gold 423.6

Short 3 Oct Hogs 5695 avg
Short Oct Sugar 967