Economic
and Investment Trend Analysis - Socio Economics
Forex - Bonds - Dow Jones - Nasdaq - SP500 Precious Metals - Energy -
Livestock - Grains - Softs
Bi-Weekly
Outlooks - Premier
Service - Platforms -
Quotes - Online
Signup - DIY
Index Program - Special
Reports
FuturesCom
Investment Publications
Morning Comments Thursday July 22nd,2004
Serving
Professional and Individual Traders World Wide since 1988
7690 Rockport Circle , Lake Worth , Florida
33467 - USA and Canada Toll Free : 1-866-409-3890
- Intl : 1- 561-433-2995 http://www.futurescom.com
Wed July 21st, 2004
1:30 PM eastern time
Open BW
Positions
The Frenzied Forex Front
Sept Yen
Resistance
should appear near 9140 to 9156
Support should appear near 9060 to 9044.
Sept Euro Currency (EC)
Recommended open position Short at
12172
Support should appear at 12175 and 12102
Resistance is at 12247 and 12320
to 12350
Sept Swiss Franc
Resistance
should appear near 8029 to 8044 and 8119 to 8134
Support should appear near 7954 to 7939
and 7864 to 7836
Sept British Pound
Support
should appear near 18220 to 18150 and 18080
Resistance should appear near
18400 and 18580 to 18650
Sept Canadian Dollar
Recommended open position Short at 7540
Support should
appear near 7513 to 7487
Resistance is at
7587 to 7601
Sept Aussie Dollar
Support should appear near 7088 to 7074 and 7003 to 6990
Resistance should appear at 7143 to 7170 and 7242 to 7255
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should
appear near 10185 and 10320 to 10360
Support should appear near 10136 to 10104 and 10037 to 10021
September SP500
Recommended open position Long 4 at 1124 80 avg
Resistance should appear near 1115.50 and 1130 to 1136
Support should appear near 1101 to 1096 and 1082.00
Nasdaq
Composite
Support should appear near 1865 to 1858
Resistance should appear near 1902 to 1909
Sept Mini Nasdaq 100
Resistance is at 1415 to 1421
Support is at 1383 to 1377
Sept 10 Year T-Note
Resistance
should
appear near 110-22 and 111-07.
Support
is
at 110-07 and 109-22
August Gold
Recommended open position short 2 at 391.7 avg
Resistance should appear at 398.3 to
399.2 and 404.6 to
405.6
Support is at 392.9 to 390.9 and 386.7 to 385.8
Sept Copper
Support should appear near 12740 to 12680 and 12380 to 12320
Resistance should
appear near 13040 to 13100 and 113340 to 113460
Sept Silver
Support should appear 627 to 625.5 and 619 to 616.5
Resistance is at 648.5 to 651 and 657.5 to 659
The Exciting
Energies
Sept Crude Oil
Resistance should
appear near 4110 to 4120 and 4163 to 4183
Support should
appear near 4056 to 4046 and 3992 to 3982
Sept Unleaded
Gas
Resistance should appear
near 12380 then 12500 and 12680 to 12740
Support should
appear near 12030 to 11920 and 11690 to 11640
Sept Heating Oil
Resistance should appear near
10960 to 11010 and 11300 to 11360
Support should
appear near 10680 to 10580 and 10360 to 10320 .
August Cattle
Support
should appear near 8502 to 8487 and 8407
to 8392
Resistance is at 8557 to 8587 and 8667
to 8682
August Hogs
Recommended open position Short at 7550
Support is at 7342 to 7327 and 7257 to 7242
Resistance is at 7412 to 7427 then 7487 to 7512 and
7587 to 7602
October Hogs
Support is at 6432 to
6417 and 6352 to 6337
Resistance is at 6482 to 6512 and 6577 to 6592
August Pork Bellies
Recommended open position short at 10920
Resistance should appear near 10817 and 10957 to 11010
Support is 10682 to 10632 and 10577
The Grande’ Grains
December Corn
Support
should appear near 232 1/4 to 231 1/2 and 227 1/2 to 226 3/4
Resistance is at
235 1/2to 237 and 241 1/4 to 241 3/4
November Beans
Support is at 611 1/4 to 610 1/4 and 603 1/2 to 602 1/4
Resistance is at 616 1/2 to 619 then 625 3/4 to 627 and 633 3/4 to
635
December Soymeal
Support
should appear near 186.5 to 185.8 and 182.2 to 180.8
Resistance should appear near 190.2 to 190.9 and 194.6 to 195.3
December Soybean Oil
Recommended open position Short at 2314
Resistance should appear near 2267 to 2275 and 2315 to 2322
Support
should appear near 2226 to 2219 and 2185 to 2170
BW Traders should go short if a close under 2212 occurs
Sept CBOT Wheat
Support should appear near 321 1/4 to 319
1/4 and 315 3/4 to 314 3/4 .
Resistance should appear
near 326 1/4 to 327 and 331 3/4 to 332 3/4.
The
Satisfying Softs
September Coffee
Recommended Open Position Long at 7360
Support is near 7090 to 7075 and 7005 to 6990
Resistance should appear near 7240 to 7255 and 7325 to 7340 .
Sept Cocoa
Support
is at 1576 to 1569 and 1535 to 1529
Resistance is at 1609 to 1615 and 1642 to 1655
October Sugar
Recommended open position short 811
Support should appear near 795 to 791
Resistance should appear near 814 to 823 and 847 to 852
December Cotton
Support should appear
near 4785 to 4775.and 4720 to 4695
Resistance should appear near 4915 to 4930 then 4970 to 4995 and 5055 to 5065
- 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 July 21st
2:30 PM South Florida Beach Time
Recommended Open BW Positions
Short Sept EC 12172
Short Sept Canadian Dollar 7540
Long 4 Sept SP500 1124.80 avg
Short 2 August Gold 391.7 avg
Short Sept Silver 633
Short August Hogs 7550
Short August Pork Bellies 10920
Short December Bean Oil 2314
Long Sept Coffee 7360
Short Sept Cocoa 1452
Short Oct Sugar 811
FuturesCom Investment Publications Copyright@1996-2004 all rights reserved