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Morning Comments Wed August
24th, 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
Tuesday
August 23rd 2005
3:15 PM Eastern time
Open BW Positions
The
Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should
appear near 10580 to 10680 .
Support should appear near 10470 and
10360 to 10320
Sept
SP500
Recommended
open position Long 2 at 1238.70 avg
Support should appear near 1217.50 and 1203.00 to 1192.00
Resistance should appear near 1232.00 to 1238.00
Nasdaq
Composite
Support should appear near 2134 to
2126
Resistance should appear near 2170 to 2185
Sept Mini Nasdaq 100
Recommended Open Position Long at 1577
Resistance should appear near 1609.00
to 1615.00
Support is at 1576.00 to 1569.00
Sept Mini Russell 2000
Recommended
Open Position Long at 675.6
Support is at 650.9 to 648.30
and 643.00 to 641.70
Resistance
should appear near 665.90 to 667.30 and 674.30 to
675.50
Sept 10 Year T-Note
Resistance
should appear near 112-07 and
112-22
Support
at 111-07 and 110-22
Sept
30 Yr T-Bond
Resistance should appear near
116-22 and 117-07
Support is
at 116-07
and 115-22..
The
Frenzied Forex Front
Sept
Yen
Resistance should appear near 9156 and
9237
Support should appear near 9100 and 9060 to 9044
Trade accordingly .
Sept
Euro Currency (EC)
Support should appear at 12175 then
12102 and the 12030 to 11920 region
Resistance should appear near 12247and
12320 to
12380
Sept Swiss Franc
Recommended open Position Short at 7990
Resistance should appear near 7901
and 7939 to 7954
Support should appear near 7864 to 7836
and 7807
Sept British Pound
Support should appear near 17800 to
17740
Resistance should appear near 18080 to 18220
Sept Canadian
Dollar
Support
should appear near 8314 to
8300
Resistance is at 8391 to 8406
Sept Aussie Dollar
Resistance should appear near 7587 to
7601
Support should appear near 7513 to 7486
Precious
Metals
Dec Gold
Recommended
open Position Short 2 at 435.8
Resistance should appear at 444.6 and 450.4 to 451.4
Support is at 438.1 to 437.0
and 431.5 to 430.4
Support
Resistance should appear near the
16420 to16550 region
Dec Silver
Support should appear near 700.5
to 699.0 and 692 to
690.5
Resistance is at 707.5 to 708.5 and 714.5 to 717.0
The Exciting
Energies
Resistance
should
appear near 6659 to 6673 and 6743 to 6755
Support should appear near the 6509
to 6483 and 6350 to 6335
Oct Unleaded Gas
Resistance should appear near
18080 to 18220 and the 18580 to 18650
Support should appear near 17800 to 17740
and the 17380 to 17310 region
Oct Heating Oil
Resistance should appear near 18580 to 18650 and
19020 to 19090
Support should appear near
18220 to 18080 and 17800 to 17740
The Lively Livestock
October
Cattle
Recommended Open
Position Short at 8117
Support should appear near 8137 to
8117 and 8047 to
8027
Resistance is at 8192 to 8222
and 8302
to 8317
October Hogs
Recommended open positions Short at 2 at 6112 avg
Support is 6112 to 6102 and 6037 to 6022
Resistance is at 6167
to 6192 and 6257 to 6272
Stay tuned for Flashes and Updates
Recommended open Spread : Short Oct / long Dec at 140
February
Pork Bellies
Resistance should
appear near 8192 to 8222 and the 8297 to 8317 region .
Support is at 8037 to 8022 and the 7957 to 7937 region
Resistance at
625 3/4 to 627 and 633 3/4 to 635
Support
should appear near 619 to 616 1/2 and 611 1/4 to 610 1/4
Dec
Soymeal
Recommended open position Short at 193.4
Support should appear near 190.9 to
190.2
Resistance should appear near 194.6
to 195.3
Dec
Soybean Oil
Resistance should appear near 2315 to
2322 and 2354 to 2370
Support should
appear near 2275 to
2267 and 2226
to 2219
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 position Short at 342 1/4
Resistance should appear near 331
3/4 to 332 3/4 and 337
3/4 to 338 3/4.
Support should appear near 327 to 326 1/4
The Satisfying Softs
Dec
'The Monster' Coffee
Support should
appear near 10135 to 10105 then 9935 to 9920 and the
9735 to 9705 region.
BW Traders can buy at 9735 and hold for
higher prices...
Resistance should appear near 10320 to 10360 and the 10580 to 10680
region
Dec
Support is at 1383 to 1377 and the 1346 to 1334 region. BW Traders can buy at 1346 for
a bounce and risk a close
under 1264 for three
days in a row.
Resistance is at 1415 to 1421 and 1453 to 1459
Oct Sugar
Support should appear near 941 to 932
Resistance should appear near 968 to 972
Dec Cotton
Recommended open position Short at 4795
Support
should appear near 4855 to 4845
and 4875 to 4775
Resistance should appear near 4970 to 4995 and the 5055 to 5070 region.
Beyond that sellers should appear near 5125 to 5140
BW Traders can sell at 5045 and risk a close over 5230 for three days in a
row.
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
Tuesday August 23rd, 2005
4:20 PM
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 8-23-2005
Long Sept 2 SP500 1238.70 avg
Long Sept Mini Nasdaq 1577
Long Sept Mini Russell 675.6
Short 2 Dec Gold 435.8
Short Sept Swiss Francs 7990
Short 2 Oct Hogs 6112 avg
Spread Short Oct / Long Dec Hogs 140
Short Dec Wheat 342 1/4
Short Dec Cotton 4795