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 FuturesCom Investment Publications
Morning Comments  Thursday Sept 1st, 2005
  Serving Professional and Individual Traders World Wide since 1988
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Wed  August 31st  2005
6:00 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 1232.00 to 1238.00 region.

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 to 1915     
Support is at  1576 to 1569    

Sept Mini Russell 2000
Recommended Open Position Long at 675.6
Support is at  667.3 to 665.90 and 659.10 to 657.70 
Resistance should appear near 674.3 to 675.5 and the 680.90 to 683.60.

December 10 Year T-Note  
Resistance remains at 112-07  beyond that sellers should appear near 112-22 
Support  at  111-22 and 111-07

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


                                                        The Frenzied Forex Front

Sept  Yen
Resistance should appear near 9140 to 9156 
Support should appear near 9044 and 8964 to 8936.

Trade accordingly .

Sept Euro Currency (EC)
Recommended open position Short at 12320
Support should appear at  12247 then 12175.and the 12030 to 11920 region.
Resistance should appear near 12350  to 12380.and 12530

Sept Swiss Franc
Recommended Open position Short at 7990
Resistance should appear near  8029 to 8044 
Support should appear near the 7953 to 7939 

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

Sept  Canadian Dollar
Support should appear near 8406 to 8391 
Resistance is at 8484  to 8499 

Sept Aussie Dollar
Support should appear near 7513 to 7484 . 
Resistance should appear near 7587 to 7601  
BW Traders can sell at 7584 and hold for lower prices.. 


                                                 Precious Metals
Dec Gold
Recommended open Position Short 2 at 435.8
Resistance should appear at 442.50 to 444.6.
Support is at 431.50 to 430 

Dec Copper
Support should appear near 16150 to 16090 and 15760 to 15690  
Resistance should appear near 16420 to 16550 and 16890 to 16960

Dec Silver 
Support should appear near 675.5 to 674.0 .
Resistance is at 690.5 to 691.5

The Exciting Energies

Oct Crude Oil
Resistance should appear near 6906 to 6919 and 6990 to 7003
Support should appear near 6836 to 6809 and   6755 to 6743

Oct Unleaded Gas 
Resistance should appear near 23150 to 23220 and the 23540 to 2370 region  
Support should appear near 21340 to 21250 and the 20420 to 20340 region  ..   

Oct Heating Oil
Resistance should appear near 21700  to 21750 and 22670 to 22750 
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 6112 to 6102 
Resistance is at 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 8117 to 8137 and 8192 to 8222 .
Support  is at 8047 to 8027 and 7957 to 7937 


                                              The Grande’ Grains

November Soybeans
 Resistance at 602 1/4 to 603 1/2 and 610 1/4 to 611 1/4  
Support should appear near 576 3/4 to 571 3/4 and the 557 3/4 to 555 1/4 region ..

Dec Soymeal
 Support should appear near 182.2 to 180.8 .
Resistance should appear near 190.2 to 190.9

Dec  Soybean Oil
Recommended open position Short at 2314
 Resistance should appear near 2354 to 2370.and 2411 to 2419.
Support should appear near 2275 to 2267 and the 2226 to 2219 region   
BW Traders should go short if a close under 2217 occurs

Dec Corn
Resistance should appear near 217 to 218 1/2 then 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  213 1/2 to 212 3/4... below that a trade towards 208 3/4 to 208 is likely 

Dec Wheat
Resistance should appear near 319 1/2 to 321 1/4 and 331 3/4 to 332 3/4.
Support should appear near 315 3/4 to 314 3/4 and 310 1/4 to 309 1/4 


                                                     The Satisfying Softs  

Dec 'The Monster' Coffee
 Support  should appear near 10035 to 10020 and the 9935 to 9920 region   .. 
Resistance should appear near  10105 to 10135 and the 10320 to 10350 region 

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
 Support should appear near 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 region 
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
Wed August 31st  2005
8:30 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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BW Recommended Open Positions 8-31-2005
Long Sept 2 SP500 1238.70 
Long Sept Mini Nasdaq 1577 
Long Sept Mini Russell 675.6
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 Dec Soy oil 2314