Economic and Investment Trend Analysis - Socio Economics 
Dow Jones - SP500 - Nasdaq - Russell 2000 - Treasuries - Forex -  Precious Metals - Energy - Livestock - Grains - Softs
 Premier Service - Platforms - Quotes - Online Signup - Bi-Weekly Outlook Archives - Special Reports - DIY Index
 

 FuturesCom Investment Publications
Morning Comments  Wed August 31st, 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 
                      

"Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable - ranks high. There are certain chances that the most prudent man is justified in taking - chances that he must take if he wishes to be more than a mercantile mollusk--"- Reminiscences of a Stock operator. -


Tuesday August 30th  2005
3:00 PM   Eastern Time

The Sensational Stock and Bond Markets  

Dow Jones Industrial Average
Resistance should appear near 10580.00 to 10680.00.
Support should appear near 10360.00 to 10320.00..

Sept SP500
Recommended open position Long 2 at 1238.70
Support should appear near the 1203.00  to 1192.00 region.
Resistance should appear near 1217.50 and the 1232.00 to 1238.00 region.

Nasdaq Composite
Support should appear near 2089 to 2080 
Resistance should appear near 2126 to 2134 

Sept Mini Nasdaq 100
Recommended open position Long at 1577
Resistance should appear near 1569 to 1576    
Support is at  1535.00 to 1529.00   

Sept Mini Russell 2000
Recommended Open Position Long at 675.6
Support is at  650.90 to 648.30 and 643.00 to 641.70
Resistance should appear near 657.70 to 659.10..Beyond that a trade to 665.90 to 667.30 is likely.

December 10 Year T-Note  
Resistance should appear near 111-22 and 112-07
Support  at  111-07 and 110-22

December 30 Yr   T-Bond
Resistance should appear near 117-22 and 118-07
Support  is  at 117-07 and 116-22


                                                        The Frenzied Forex Front

Sept  Yen
Recommended Open Position  Short 9100
Resistance should appear near 9044 to 9060
Support should appear near 8964 to 8934 .

Trade accordingly .

Sept Euro Currency (EC)
Recommended open position Short at 12320
Support should appear at  12175.and the 12030 to 11920 region.
Resistance should appear near 12247 and 12320 to 12380.

Sept Swiss Franc
Recommended Open position Short at 7990
Resistance should appear near  7939 to 7954
Support should appear near the 7864 to 7836 region 

Sept British Pound
 Recommended open position Short 17850
Support should appear near 17800 to 17740 and 17560
Resistance should appear near 17940 and 18080 to 18220... 

Sept  Canadian Dollar
Support should appear near 8314 to 8300
Resistance is at 8391 to 8406 

Sept Aussie Dollar
Support should appear near 7414 to 7428 . 
Resistance should appear near 7486 to 7513 


                                                 Precious Metals
Dec Gold
Recommended open Position Short 2 at 435.8
Resistance should appear at 437 to 438.1 and 442.50 to 444.6.
Support is at 431.50 to 430.4 and 424.9 to 423.8 

Dec Copper
Support should appear near 16150 to 16090  
Resistance should appear near 16550 and 16890 to 16960

Dec Silver 
Support should appear near 675.5 to 674.0 and  667.3 to 665.5 .
Resistance is at the 680.5 to 683.5 and 690.5 to 691.5

The Exciting Energies

Oct Crude Oil
Resistance should appear near 6990 to 7003 and the 7074 to 7085 region.. Beyond that sellers should appear near 7143 to 7170
Support should appear near the 6919 to 6906 and the 6836 to 6809 region... Below that buyers should appear near 6755 to 6743

Oct Unleaded Gas 
Resistance should appear near 22190 to 22250 and the 23150 to 23220 region 
Support should appear near 21340 to 21250 and the 20420 to 20340 region  ..   

Oct Heating Oil
Resistance should appear near 20800 to 20890 and 2170 to 21750
Support should appear near  19960 to 19820 and 19090 to 19020


The Lively Livestock  

Dec  Cattle
Recommended Open Position Short at 8555
 Support should appear near 8502 to 8482 and the 8407 to 8392 region 
Resistance is at 8562 to 8592 and the 8667 to 8682 region 
BW Traders should go short if a close under 8477 occurs..

Dec Hogs
Support is 6037 to 6022 and 5957 to 5942
Resistance is at 6102 to 6112 and 6192 to 6222 
Stay tuned  for Flashes and Updates

October Hogs
Recommended open position Short at 6285
Support is 6352 to 6337 and 6272 to 6257
Resistance is at 6417 to 6432 and 6482 to 6512 .

February Pork Bellies
Resistance should appear near 8192 to 8222 and 8302 to 8317.
Support  is at 8047 to 8027 and 7957 to 7937 


                                              The Grande’ Grains

November Soybeans
Recommended open position Short at 616 1/4
 Resistance at   616 1/2 to 619 and 625 3/4 to 627
Support should appear near 611 1/4 to 610 1/4 and 603 1/2 to 602 1/4....

Dec Soymeal
Recommended open position Short at 190.1
 Support should appear near  186.5 to 185.8, a slip under augurs for a test of  182.2 to 180.8 .
Resistance should appear near 190.2 to 190.9 and 193.6 to 195.3.. 

Dec  Soybean Oil
Recommended open position Short at 2314
 Resistance should appear near 2354 to 2370.and 2411 to 2419.
Support should appear near 2322 to 2315 and 2275 to 2267    
BW Traders should go short if a close under 2217 occurs

Dec Corn
Resistance should appear near 221 3/4 to 222 3/4 and the 226 3/4 to 227 1/2 region  BW Traders can sell at 226 1/4  and hold for lower prices.. risk a close over 233 1/2  for three days in a row.
Support is at 218 1/2 to 217 and  213 1/2 to 212 3/4.
 

Dec Wheat
Resistance should appear near 331 3/4 to 332 3/4 and  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 321 1/4 to 319 1/2 and 315 3/4 to 314 3/4.  

                                                     The Satisfying Softs  

Dec 'The Monster' Coffee
Recommended open position Long at 9735
Support  should appear near 9735 to 9705 and 9640 to 9625  .. 
Resistance should appear near  9920 to 9935 and 10020 to 10035

Dec Cocoa
Support is at 1383 to 1377 and 1346 to 1334
Resistance is at 1415 to 1421 then 1453 to 1459 and the 1484 to 1496 region. 
BW  Traders can sell at 1483 and risk  a close over 1539 for three days in a row..

March  Sugar
Support should appear near 1005 to 1000 and 972 to 968
Resistance should appear near 1058 to 1068.. Beyond that ample sellers should  appear near 1096 to 1101.
BW Traders can sell at 1095 and risk a close over 1104 for three days in row. 

Dec Cotton
Recommended open position Short at 5045
 Support should appear near 4995 to 4975 and 4925 to 4915.. Below  that a test of 4855 to 4845 is likely.  
Resistance should appear near 5055 to 5070 and the  5125 to 5140.. Beyond that sellers should appear near 5200 to 5210 
Aggressive BW  Traders should go short if a close under 4835 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
Tuesday August 30th  2005
5:00 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 8-30-2005
Long Sept 2 SP500 1238.70 
Long Sept Mini Nasdaq 1577 
Long Sept Mini Russell 675.6
Short Sept Yen 9100
Short Sept EC 12320
Short Sept Swiss Francs 7990
Short Sept British Pounds 17850
Short 2 Dec  Gold 435.8
Short Dec Cattle 8555
Short Oct Hogs 6285 
Short Nov Beans 616 1/4
Short Dec Soymeal 190.1
Short Dec Soy oil 2314 
Long Dec Coffee 9735
Short Dec Cotton 5045