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Morning Comments Friday August 12th, 2005
Serving
Professional and Individual Traders World Wide since 1988
1650
SW Malmo Rd , Port St. Lucie , Florida 34953 - USA and Canada Toll Free :
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The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should
appear near 10630 to 10680
Support should appear near 10580 then
10525 and 10470
Sept SP500
Recommended
open position Long 1239.70
Support should appear near 1238 to
1232 and 1217.50.
BW Traders can buy at 1217.60 for a good bounce and hold for higher prices
Resistance should appear near 1253.00
and the 1268 to 1274 region
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 2185 and 2219 to 2226
Resistance
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 675.60
Support is at 665.90 then 659.10 to 657.70 and
the 650.90 to 648.30 region
Resistance
should appear near 674.30 to 675.50.and the 680.9 to 683.60
region
Sept 10 Year T-Note
Resistance
should appear near 110-22 and
111-07
Support
at 110-07 and 109-22
Support is
at 114-22 and 114-07
The
Frenzied Forex Front
Sept
Yen
Resistance
should appear near 9156 and
9237 .
Support should appear near 9060 to 9044
Sept
Euro Currency (EC)
Support should appear at 12380 to 12320
Resistance should appear near 12530
and 12680 to 12740
Sept Swiss Franc
Resistance
should appear near 8119 to
8134
Support
should appear near 7954 to 7939
Sept British Pound
Recommended open position Short at 17740
Support should appear near 17800 to 17740
Resistance should appear near 18150 to 18220
Sept
Canadian Dollar
Recommended open position short at 8300
Resistance should
appear near the 8391 to 8406 region.
Support
should appear near 8314 to 8300
Sept Aussie Dollar
Resistance
should appear near the 7836 to 7864
Support
should appear near 7689 to 7675
Precious
Metals
Dec Gold
Recommended
open position short 2 at 435.8
Resistance should appear at
457.1 to 458.2
Support is at 444.6 to 442.5
Sept
Copper
Support should appear near 16150
to 16090
Resistance should appear near 16890 to
16960
Support should appear near 709
to 707.5
Resistance is at the 724.0 to 725.5
The Exciting
Energies
Sept
Crude Oil
Resistance should
appear near 6577 to 6591 and 6659 to 6673
Support should appear near 6430 to
6417 and 6270 to
6257 ..…
Sept Unleaded Gas
Resistance should appear near
20340 to 20420
Support
should appear near 18220
to 18080
Resistance should appear near 19020 to 19090
Support
should appear near 17800 to 17740
The Lively Livestock
October
Cattle
Support
should appear near 8047 to 8027
and 7867 to 7837
Resistance is at 8117 to 8137 and 8197 to 8222 .
October Hogs
Recommended open position short 6022
Support is 5807 to 5792 then 5732 to 5717 and the 5642 to
5637 region .
Resistance should appear near
5852 to 5882 and the 5942 to 5957 region
February
Pork Bellies
Resistance should
appear near 8197 to 8222 and 8302 to 8317
Support is at 8137 to 8117 and 8047 to 8027
The Grande’ Grains
November
Soybeans
Resistance at 657
3/4 to 659 1/4 and the 665 3/4 to 667 1/4 region .
Dec Soymeal
Support should appear near 204.2 to
203.4 and the 199.6 to 198.2 region
Resistance should appear near 208.0
to 208.9 and the 217 to 218.5
Trade
Accordingly
Dec
Soybean Oil
Resistance
should appear near 2315 to 2322 and 2354 to 2370
Support should appear near the 2275
to 2267 and 2267 to 2219
Dec
Corn
Resistance should appear near 241 1/4 to 241 3/4
Support is at 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 338 3/4 to
337 3/4 and 332 3/4 to 331 3/4
The
Satisfying Softs
Sept
'The Monster' Coffee
Support should
appear near 10580 and 10360 to 10320
Resistance should appear near 10680 and the 10960 to 11010
region
Sept
Cocoa
Support is at 1346 to 1334 and 1310 to
1304
BW Traders can buy at 1311 and risk a close under 1264 for three days in a row
Resistance is at 1377 to 1383 and 1415 to 1421 .
Oct
Sugar
Support should appear near 972 to 968
Resistance should appear near 1000 to 1005
Dec Cotton
Recommended Open Position Short at 5170
Support
should appear near 4930 to 4915 and
the 4855 to 4845 region.
Resistance should appear near 5055 to 5070 and the 5125 to 5140 region
..
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
Thursday August 11th , 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.
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– 2005 all rights reserved Terms
BW Recommended Open Positions
Long Sept SP500 1239.70
Long Sept Mini Russell 675.6
Short Sept British Pounds 17740
Short Sept Canadian Dollars 8300
Short 2 Dec Gold 435.8
Short Oct Hogs 6022
Short Dec Cotton 5170