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Morning Comments Tuesday August 2nd , 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 August 1st, 2005
3:45 PM Eastern time
Open BW Positions
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should
appear near 10630 to 10680 .
Support should appear near 10580 and
10470..
Sept SP500
Recommended
open position Long 1239.70
Support should appear near 1232
and the 1203 to 1192.00 region
BW Traders can buy at 1217.60 for a good bounce and hold for higher prices
Resistance should appear near 1238 and
1268 to 1274
Aggressive BW Traders should go long if a close over 1253.10 occurs
Nasdaq
Composite
Support should appear near 2185 to
2170 and 2134 to 2126
Resistance should appear near the 2219 to 2226 region
Resistance
Support is at 1576 to 1569 and 1535 to 1529 . BW Traders can buy at 1577
and hold for higher prices..
risk close under 1527 for three days in a row,
Sept Mini Russell 2000
Support is at 683.6
to 680.90 and 675.50 to 674.30.
BW Traders can buy at 675.60 and risk a close under 665.2 for three days
in a row.
Resistance
should appear near 690.6 to 691.90 and the 699.00 to 700.30 region..
BW Traders should go long if a close over 684.1 occurs
Sept 10 Year T-Note
Resistance
should appear near 111-07
and 111-22.. Beyond that sellers should appear near 112-07
and the 112-22 to 113-07 region
Support
at 110-22 and 110-07
below that buyers should appear near 109-22 and 109-12
Resistance
Support is
at 114-21. below that
buyers should appear near 114-07 and 113-21.
The
Frenzied Forex Front
Sept
Yen
Resistance should appear near 9044 to
9060 and the 9140 to 9156 region. .
BW Traders can sell at 9043 and risk a close over 9067 for three days in a
row... Beyond that 9316 to 9347 should cap a rally .
Support should appear near 8934 and 8871 to 8856
BW Traders should go short if a close under 8931 occurs
Sept
Euro Currency (EC)
Recommended open position short 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.
Recommended Open Position Short 7834
Resistance should appear near
7864 and 7939 to 7954..
Support
should appear near 7777 to
7763
BW Traders should go short if a close under 7759 occurs
Sept British Pound
Support should appear near 17560 and the 17380 to 17310 region
Resistance should appear near 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 should
appear near 8300 to 8314 and the
8391 to 8406 region.
BW Traders can sell at 8300
and risk a close over 8319 for three days in a row.
Sept Aussie Dollar
Recommended Open Position Short at 7584
Resistance should appear near 7587
to 7601 region .Beyond that 7675 to 7689 should cap a rally..
Support
should appear near the 7513 to 7486
a close under augurs for a test of 7428 to 7414
BW Traders should go short if a close under 7483 occurs
Precious
Metals
Dec Gold
Recommended
open position short 2 at 435.8
Resistance should appear at
438.10 and 442.5 to 444.6
Support is at 431.5 to 430.4
Sept
Copper
Support should appear near 16150 to
16090
Resistance should appear near 16890 to
16960
Support should appear near 725.5 to
724.0 and the 717.0 to 714.5 region.
Resistance is at the 732.5 to 734.5.. Beyond that sellers should appear
near 741.5 to 743.0 and the 748.5 to 751.5 region. Which should cap a rally ..BW
Traders can sell at 741.0 and risk a close over 754.5 for three days in a
row.
The Exciting
Energies
Sept
Crude Oil
Resistance should
appear near 6165 to 61909 and the 6337 to 6350 region.
Support should appear near 6035 to
6023 and the 5957 to 5945 region..…
Sept Unleaded Gas
Resistance should appear near
the 17740 to 17800 region. Beyond that sellers should appear near
18080 to 18220 and should cap a
rally..
Support
should appear near
17380 to 17310 and 16960 to 16890
Resistance should appear near
17310 to 17380. Beyond that sellers should appear near the 17740 to 17800.
region
Support
should appear near 16550 to 16420 and
16150 to 16090
Trade Accordingly
The Lively Livestock
October
Cattle
Recommended Open Position Short 8297
Support should appear near 8317
to 8302 and 8227 to 8197
Resistance is at 8392 to 8407 and the
8472 to 8502 region .
October Hogs
Recommended open position short 5850
Support is 5882 to 5852 and 5807 to 5792 .
Resistance should appear near
6022 to 6037 and the 6162 to 6192
region.
BW Traders can sell at 6022 for a
turn lower and risk a close over 6202 for
three days in a row
Stay
tune for Flashes and Updates
February
Pork Bellies
Resistance should
appear near 8302 to 8317 and the 8392 to 8407 region. Beyond
that sellers should appear near 8482 to 8502
Support is at 8227 to 8192 and 8137 to 8117
.
The Grande’ Grains
November
Soybeans
Resistance at 690
¾ to 691 ¾ and the 699 to 700 ¼ region. Beyond that sellers should appear
near 714 ½ to 717 and the 724 ¼ to
725 ½ region. BW Traders who have
Ice Water in their Veins can sell at 723
¾ and hold for lower prices.. Risk a
close over 743 ½
for three days in a row..
Dec Soymeal
Support should appear near 208.9 to
208, a close under augurs for a test of 204.2 to 203.4.
Resistance should appear near 212.6
to 213.4 and 217 to 218.5 . BW
Traders can sell at 216.9 and risk a close over 223.1 for three days in a row..
Beyond that sellers should appear near 226.7 to 227.5
Trade
Accordingly
Dec
Soybean Oil
Recommended
open position Short at 2449
Resistance should appear near 2461
to 2468 and 2511 to 2519
Support should appear near the 2419
to 2411 and 2370 to 2354
Dec
Corn
Resistance should appear near
246 to 246 3/4 and 251 ¼ to 251 ¾.
Support is at 241 ¾ to 241 ¼
and 237 to 235 ½
Resistance should appear near 349 ¼
to 350 ¼ and 355 ¼ to 356 ¼ Beyond that sellers should appear near 361 ¼ to
362 ¼ and the 366 ¼ to 368 ¼
region. .. BW traders can sell at 361 ¼ and risk a close over 375 ¼ for
three days in a row.
Support should appear near 344 1/4 to
342 1/2 and 338 ¾ to 337 ¾
The
Satisfying Softs
Sept
'The Monster' Coffee
Support should
appear near 10135 to 10105.and the
9935 to 9920 region... Under that buyers should appear near 9735 to 9705 and the
9545 to 9525 region...Below that 9545 to 9315 should contain a decline ....
BW Traders Who sleep on a bed of Nails can buy at 9355 and hold for
higher prices..
Resistance should appear near 10320 to 10360, a close over is
friendly and augurs for a test of 10580 to 10680 and eventually the 10960 to
11010 region ..
Well Heeled BW Traders should go long if a close over 10370 occurs
Sept
Cocoa
Support is at 1459 to 1453 and 1421 to
1421
Resistance is at 1484 to 1496 and
the 1529 to 1535 region.
Oct
Sugar
Support should appear near 972 to 968
Resistance should appear near 1000 to 1005
Dec Cotton
Support
should appear near 5210 to 5200 a
close under is negative and augurs for a test of
5070 to 5055
Resistance should appear near 5255 to 5285 and
5345 to 5355 .. Beyond that sellers should appear near 5415 to 5430
..
BW Traders should go short if a close under 5190 occurs..
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 August 1st , 2005
4:55 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
Long Sept SP500 1239.70
Short Sept EC 12102
Short Sept Swiss Francs 7834
Short Sept Aussie Dollar 7584
Short 2 Dec Gold 435.8
Short Oct Cattle 8297
Short Oct Hogs 5850
Short Dec Soybean Oil 2449