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FuturesCom Investment Publications
Morning Comments Monday August 8th, 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 

                                            The Sensational Stock and Bond Markets  

Dow Jones Industrial Average
Resistance should appear near 10580 to 10630 
Support should appear near 10525 and 10470 

Sept SP500
Recommended open position Long 1239.70
Support should appear near 1217.50 and 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 1232 to 1238
Aggressive BW Traders should go long if a close over 1253.10 occurs  

Nasdaq Composite
Support should appear near 2170 and 2134 to 2126 
Resistance should appear near the 2185 and 2202 

Sept Mini Nasdaq 100
Resistance should appear near the 1609 to 1615 
Support is at 1576 to 1569  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
Recommended Open Position Long 2 at 682.20
Support is at 659.10 to 657.70 and 650.90 to 648.30 . 
Resistance should appear near 665.90 to 667.30 and 674.30 to 675.50..

Sept 10 Year T-Note  
Resistance should appear near 110-07 and 110-22 
Support  at 109-22 and 109-12

Sept 30 Yr   T-Bond 
Resistance should appear near 114-07 and 114-22.
Support  is  at  113-21 and 113-07

                                                                         The Frenzied Forex Front

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

BW Traders should go short if a close under 8931 occurs

Sept Euro Currency (EC)
Support should appear at 12350 to 12320  
Resistance should appear near 12380 and 12455

Sept Swiss Franc
Recommended Open Position Short 7834
Resistance should appear near 7939 to 7954 and 8029 to 8044
Support should appear near  7864  to 7836 and 7777 to 7763 

BW Traders should go short if a close under 7759 occurs. 

Sept British Pound
Recommended open position Short at 17740
Support should appear near 17560 and 17380 to 17310
Resistance should appear near  17740 to 17800 and 17940 

Sept  Canadian Dollar
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.
Support should appear near 8223 to 8194 and 8134 to 8119

BW Traders should go short if a close under 81214 occurs 

 
Sept Aussie Dollar
Resistance should appear near 7675 to 7689 and 7763 to 7777
Support should appear near the 7601 to 7587 and 7513 to 7486 

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  442.50 to 444.6 and 450.3 to 451.4
Support is at  438.1 to 437.0 and 431.5 to 430.4 

Sept Copper
Support should appear near  16420 and 16150 to 16090 
Resistance should appear near 16890 to 16960  

Sept Silver 
Support should appear near  714.5 and 700.5 to 699.0 .
Resistance is at the 724.5 to 725.5 and 732.5 to 734.5.. Beyond that sellers should appear near 741.5 to 743.0 
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 6257 to 6270 and 6337 to 6350
Support should appear near 6190 to 6165 and 6113 to 6101..…

Sept Unleaded Gas 
Resistance should appear near 18580 to 18650 and 19020 to 19090. 
Support should appear near  18220 to 18080 and 17800 to 17740

Sept Heating Oil
Resistance should appear near 17380 and 17740 to 17800 
Support should appear near  16960 to 16890  and 16550 to 16420

Trade Accordingly

The Lively Livestock  

October  Cattle
Recommended Open Position Short 8297
Support should appear near 8137 to 8122 and 8047 to 8027
Resistance is at 8197 to 8222 and 8302 to 8317  .

October Hogs
Recommended open position short 2 at 5937 avg
Support is 6037 to 6022 and 5957 to 5942 . 
Resistance should appear near 6102 to 6112.and 6162 to 6192

February Pork Bellies
Resistance should appear near 8482 to 8502 and 8557 to 8592
Support  is at  8392 and 8317 to 8302   .

                                          The Grande’ Grains

November Soybeans
Resistance at 674  1/4 to 675 1/2 and 680 3/4 to 683 3/4 . 
Support should appear near 667 1/2 to 665 3/4 and 659 1/4 to 657 3/4 

Dec Soymeal
Support should appear near 208 and the 199.6 to 198.2 region 
Resistance should appear near 212.6 to 213.4 and 217 to 218.5  
Trade Accordingly

Dec  Soybean Oil
Resistance should appear near  2411 to 2419 and 2461 to 2469
Support should appear near the 2370 to 2354 and 2322 to 2315

Dec Corn
Resistance should appear near 235 1/2 to 237 and 241 1/4 to 241 3/4 
Support is at 232 1/4 to 231 1/2 and 227 1/2 to 226 3/4 

Dec Wheat
Resistance should appear near 337 3/4 to 338 3/4 and 342 1/2 to 344 1/4  
Support should appear near 332 3/4 to 331 3/4 and 327 to 326 1/4

                                                             The Satisfying Softs  

Sept 'The Monster' Coffee
Support  should appear near 10360 to 10320 ..
Resistance should appear near 10580 to 10680  

Sept Cocoa
Support is at 1453  and 1421 to 1415
Resistance is at 1484 to 1496 and 1529 to 1535 .

Oct Sugar
Support should appear near 1005 to 1000 
Resistance should appear near 1032 to 1036 

Dec Cotton
Recommended Open Position Short at 5170
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 .. 

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  

Suinday  August 7th , 2005
7:15  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 8-7-2005
Long Sept SP500 1239.70
Long 2 Sept Mini Russell 682.20
Short Sept Swiss Francs 7834 
Short Sept British Pounds 17740 
Short 2 Dec  Gold 435.8
Short Oct Cattle 8297
Short 2  Oct Hogs 5937 avg
Short Dec Cotton 5170