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FuturesCom
Investment Publications
Morning Comments Tuesday August 10th,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
Monday August 9th, 2004
2:20 PM eastern time
Open BW
Positions
The
Frenzied Forex Front
Sept
Yen
Resistance should appear near 9156 to 9140 and 9237.. Aggressive Traders
can sell at 9154 for a turn lower
and hold for lower prices..
Support should appear near 9044 a close under augurs for an eventual test
of 8964 to 8934 and the 8871 to 8856 region.
BW Traders should go short if a close under 9037 occurs.
Sept
Euro Currency (EC)
Support should appear at 12175
and 12030 to 11975
Resistance is at
the 12320 to 12380 region. Beyond that sellers
should appear near 12500
BW Traders should go short if a close under 12172 occurs
Sept Swiss Franc
Resistance should appear near 8029
to 8044 and 8119 to 8134.
Support should appear near 7954 to
7939 and the 7864 to 7836 region
BW Traders should go short if a close under 7927 occurs,
Sept
British Pound
Support should appear near 18220 to 18080.
Resistance should appear near
18400 and the 1.8580 to 1.8650 region. BW Traders can sell at 18570 and risk a
close over 18680 for three days in a row.
BW Traders should go short if a close under 18212 occurs.
Sept Canadian Dollar
Support should appear near 7586
and 7513 to 7486
Resistance is at 7675 to 7690.
BW Traders should go short if a close under 7582 occurs.
Sept Aussie Dollar
Recommended Open Position Short at 7137
Support should appear near 7088 to 7074 and 7003 to 6990.
Resistance should appear at 7143
to 7170 .Beyond that sellers should appear near
the 7242 to 7255 region.
BW Traders should go short if a close under 7072 occurs..
---Trade accordingly and stay tuned for Flashes
The
Sensational Stock and Bond Markets
Resistance should
appear near 9841 and 9921 to 9937
Support should appear near 9737 to 9706 and the 9641 to 9625
region..
September SP500
Resistance should appear near 1082.00 and 1096.00 to 1101.00
Support should appear near 1058.00 and the 1036.00
to 1032.00 region..
BW Traders can buy at 1036.30 and risk a close under 1030.90 for three
days in row.
BW Traders should go long if a close over 1068.20 occurs.
Nasdaq
Composite
Support should appear near 1774 and 1738 to 1731
Resistance should appear near 1808 to 1822 and 1858 to 1865
Sept Mini Nasdaq 100
Resistance is at 1334 to 1346 and 1377 to
1383
Support is at 1310 to 1304 and 1274 to 1268
Sept 10 Year T-Note
Resistance should
appear near 112-22 and 113-07.. above that 113-22 should cap a rally.
Support is at 111-22 and 111-07
failure there augurs for a test of 110-22.and 110-07
Precious Metals
December Gold
Resistance should appear at 404.6
to 405.6 BW
Traders can sell at 404.5 and hold for lower prices..
Beyond that sellers should appear at 416.3 to 418.3 and 423.8 to 424.9 …BW
Traders should sell at 423.4 and hold for lower prices…
Support is at 399.3 to 398.2 and 392.9 to 390.9
BW Traders should go short if a close under 398.2 occurs.
Sept Copper
Support should appear near 12380 to 12320.. Below that buyers should appear
near 12030 to 11920
Resistance should appear near 12680 to 12740 and 13030 to 13100
Sept Silver
Support should appear 667.5 to 665.5 region and 650.5 to 648
Resistance is at 674 to 675.5 and 680.5 to 683.5
BW Traders should go short if a close under 665.5 occurs.
The Exciting Energies
Oct Crude Oil
Resistance should
appear near 4446 and 4503 to 4514. Beyond
that sellers should appear near 4571 to 4582 and should cap the rally. BW
Traders can sell at 4501 and risk a close over 4591 for three days
in a row.
Support should appear near 4381 to 4370 and 4315 to 4304
BW Traders should go short if a close
under 4302 occurs
Sept Unleaded
Gas
Resistance should appear
near 12380 then 12500 and 12680 to 12740
Support should appear near 12030 to 11920 .. a close under augurs for a test
of 11690 to 11640
BW Traders should go short if a close under 12310 occurs.
Sept Heating Oil
Resistance should appear near 11920
to 12030 and the 12320 to 12380 region..
Support should appear near 11690 to 11640 and 11360 to 11300.
The Lively Livestock
October Cattle
Recommended open position short at 8852
Support should appear near the 8777 to 8762 and 8682 to 8667
Resistance is at 8937 to 8967 and
9042 to 9062
October
Hogs
Recommended open position Short 3 at 6890 avg
Support is at 6922 to 6907 and 6837 to
6812
Resistance is at 6992 to 7002 then 7072 to 7087 and 7142 to 7172
February Pork
Bellies
Resistance should appear near the 9817 to 9837 region.. Beyond that sellers
should appear near 9922 to 9937.. BW Traders can sell at 9917 and risk a close
over 10057 for three days in row.
Support is 9737 to 9707 and 9642 to 9622
BW Traders should go short if a close under 9617 occurs
The Grande’ Grains
December Corn
Support should appear near
232 1/4 to 231 1/2
Resistance is at
241 1/4 to 241 3/4. Beyond that sellers should appear near
246 1/4 to 246 3/4
BW Traders can sell at 245 3/4 for a turn lower ..
BW Traders should go short if a close under
235 1/4 occurs.
November Beans
Support is at 565 1/2
to 564 and 557 3/4 to 555 1/4.
Resistance is at 571 3/4 to
572 3/4 and 585 1/2 to 588. BW
Traders can sell at 585 1/4 for a turn lower and hold for lower prices..
Risk a close over 595 3/4 for three days in a row
December Soymeal
Recommended Open Position Short at 175.2
Support should appear near the 173.8 to 173.1 and 169.6 to 168.9
Resistance should appear near 177.4 to 178.0
and 180.8 to 182.20
December Soybean Oil
Recommended open Position Short at 2125
Resistance should appear near 2126 to 2134 and 2170 to 2185
Support
should appear near 2088 to 2080 ..Below that a test of 2042 to 2034 is likely…
BW Traders should go short if a close under 2077 occurs.
Sept CBOT Wheat
Support should appear near 310 1/4 to 309 1/4
and the 304 1/2 to 303 3/4 region
BW Traders can buy at 304 3/4 for a bounce and risk a close under
291 3/4 for three days in a row..
Resistance should appear
near 319 1/2 to 321 1/4 and 326 1/4
to 327
The Satisfying Softs
September Coffee
Recommended Open Position Long at 6680
Support is near the
6670 to 6655 region. and 6590 to
6575
Resistance should appear near 6740 to 6755 and 6990 to 7005.
Beyond that a test of 7140 to 7170 is
likely. BW Traders should go long if a close over
6755 occurs
Sept Cocoa
Support is at 1609 and 1576 to 1569.
Resistance is at 1642 to 1655 and the
1689 to 1696 region .
October Sugar
Recommended Open Position Short at 806
Support should appear near 795 to 791 and the 767 to 763 region.
Resistance should appear near 814 to 823 and 847 to 852.
December Cotton
Support should appear
near 4515 to 4505 and the 4445 to 4425 region. Under that a test of 4380 to 4370
is likely.
Resistance should appear near 4570 to 4580 and 4635 to 4650
beyond that sellers should appear near
4775 to 4785 and the 4915 to 4930 region. ..
Traders can sell at 4630 and risk a close over 4790 for three days in 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
Monday August 9th 2004
3:20 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@1996-2004 all rights reserved
Recommended Open BW Positions
Short Sept Aussie Dollar 7137
Short October Cattle 8852
Short 3 October Hogs 6890 avg
Short December Soymeal 175.2
Short December Soyoil 2125
Long Sept Coffee 6680
Short October Sugar 806