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FuturesCom Investment Publications
Morning Comments  Tuesday August 16th, 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 15th,  2005
3:00  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 to 10580 and 10470..

Sept SP500
Recommended open position Long 2 at  1238.70 avg
Support
should appear near  1232.00 and 1217.50
Resistance should appear near 1238 and 1253.00

Nasdaq Composite
Support
should appear near 2134 to 2126 and 2089 to 2088
Resistance should appear near 2170 to 2185 and the 2219 to 2226 region  

Sept Mini Nasdaq 100
Resistance
should appear near 1609.00 to 1615.00 and  the 1642.00  to 1655.00 region
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
Recommended Open Position Long at 675.6
Support
is at  659.10 to 657.7 and the 650.9 to 648.30 region..  
Resistance should appear near 667.30 then 674.3 to 675.50 and the  680.90 to 683.60 region 

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 116-07. and 116-22.
Support  is  at  115-07 and 114-21..

                                                         The Frenzied Forex Front

Sept  Yen
Resistance
should appear near  9237 and the 9316 to 9347 region.. Beyond that sellers should appear near 9429 to 9445 and  cap a rally .. BW Traders can sell at 9429 and risk a close over 9452 for three days in a row.
Support should appear near 9156 to 9140 , a close under augurs for a test of the 9060 to 9044  

Trade accordingly .

Sept Euro Currency (EC)
Support
should appear at 12380 to 12320 and 12175.
Resistance
should appear near 12530 and the 12680 to 12740 region

Sept Swiss Franc
Recommended open Position Short at 7990 
Resistance
should appear near 8029 to 8044 and 8119 to 8134..
Support should appear near 7954 to 7939 and the 7864 to 7836 region

Sept British Pound
Support
should appear near 17800 to 17740
Resistance
should appear near 18150 to 18220

Sept  Canadian Dollar
S
upport should appear near 8314 to 8300 and 8223 to 8194
Resistance is at 8391 to 8406 and the 8484 to 8499 region

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

 

                                                 Precious Metals
Dec Gold
Recommended open Position Short 2 at 435.8
Resistance
should appear at 450.3 to 451.4 and 457.1 to 458.2   
Support is at  444.6 to 442.5 and 438.1 to 437.0

Dec Copper
Support
should appear near 16150 to 16090 and the 15760 to 15690 region.  
Resistance
should appear near 16890 to 169860 and the 17740 to 17800 region.  

Dec Silver 
Support
should appear near  700.5 to 699.0 and and 692.0 to 690.5 
Resistance is at the  714.0 to 717.5 and 732.5 to 734.5 ..

The Exciting Energies

Oct Crude Oil
Resistance
should appear near 6743 to 6755 and 6809 to 6836   
Support
should appear near the 6673 to 6659 and 6591 to 6577  

Oct Unleaded Gas 
Re
sistance should appear near 19020 to 19090 and 20340 to 20420. 
Support
should appear near 18220 to 18080 and 17800 to 17740 .   

Oct Heating Oil
Re
sistance should appear near 19460 to 19530 and 19820 to 19950   
Support should appear near 18650 to 18580 and 18220 to 18080 

The Lively Livestock  

October  Cattle
Support
should appear near 7957 to 7932 and the 7867 to 7837 
Resistance is at  8027 to 8047 and the 8117  to 8137 region.. BW Traders can sell at 8117 for a turn lower and risk a close over 8232 for three days in a row,
BW Traders should go short if a close under 7927 occurs.

October Hogs
Recommended open postions  Short at 5942  
Support is 5957 to 5942 and 5882 to 5857 
Resistance is at  the 6102 to 6112 and the 6162  to 6192 region.  

Stay tuned  for Flashes and Updates  

Recommended open Spread :  Short Oct  / long Dec at 140

February Pork Bellies
Resistance
should appear near 8557 to 8587 and  the 8667 to 8682 region.
Support  is at 8502 to 8482 and 8407 to 8392 

                                     

                                           The Grande’ Grains

November Soybeans
Resistance
at 625 3/4 to 627 and 633 3/4 to 635  
Support
should appear near 619 to 616 1/2  and the 603 1/2 to 602 1/4 region.

Dec Soymeal
Recommended open npostion Short at 193.4 
Support should appear near 190.9 to 190.2 and 186.5 to 185.8.
Resistance should appear near 194.6 to 195.3 and 198.2 to 199.6.

Dec  Soybean Oil
Resistance should appear near e 2267 to 2275 and 2315 to 2322 . 

S
upport
should appear near  2226 to 2219 and 2185 to 2170 .

Dec Corn
Resistance should appear near 226 3/4 to 227 1/2 and 231 1/2 to 232 1/4  . 

Support
is at  222 3/4 to 221 3/4 and the  218 ½ to 217 region .   

Dec Wheat
Recommended Open postion Short at 331 
Resistance should appear near  332 3/4 and 337 3/4 to 338 3/4 .. beyond that sellers should appear near  342 1/2 to 344 1/4 
BW 
Traders can sell at 342 1/4 for a turn lower and risk a close over 351 1/4  for three days in a row.
Support
should appear near 327 to 326 1/4  and the 321 1/4 to 319 1/2 region. .

                                                       The Satisfying Softs  

Dec 'The Monster' Coffee
Support  
should appear near 9935 to 9920 and  9735 to 9705  
BW
Traders Who sleep on a bed of Nails can buy at 9735 and hold for higher prices..
Resistance should appear near  10105 to 10135 and 10320 to 10360 
Well Heeled BW raders should go long if a close over 11020  occurs

Dec Cocoa
Support
is at 1346 to 1334 and the 1310 to 1304 region... which should contain a decline. .
BW Traders can buy at 1346 for a bounce 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 4795 
Support should appear near  4725 to 4695 and the 4650 to 4635 region. 
Resistance should appear near 4845 to 4855 and 4915 to 4925 ..   ..
Aggressive  Traders should go short if a close under 4840 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 15th , 2005
4:15 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 8-15-2005
Long Sept 2 SP500 1238.70 avg
Long Sept Mini Russell 675.6
Short 2 Dec  Gold 435.8
Short Sept Swiss Francs 7990
Short Oct Hogs 5942
Spread Short Oct / Long Dec Hogs 140 
Short Dec Soymeal 193.4
Short Dec Wheat 331
Short Dec Cotton 4795