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 Tuesday August 24th,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
“Observation,
Experience, memory and mathematics--These are what a successful trader must
depend on.
A man can have great mathematical ability and unusual power of accurate
observation and yet fail in speculation unless he also possesses the experience
and memory.”
-Reminiscences of a Stock operator-
Monday August 23rd, 2004
3:10 PM eastern time
Open BW
Positions
The Frenzied Forex Front
Sept
Yen
Recommended open position Short 2 at 9069 avg
Resistance should appear near 9140 to 9156 and 9237
Support should appear near the 9060 to 9044 region
Sept
Euro Currency (EC)
Recommended Open Position Short 2
at 12222 avg
Support should appear at 12102
and the 12030 to 11975 region
Resistance is at
the 12175 and 12247
Sept
Swiss Franc
Recommended open Position Short 2 at 7937 avg
Resistance should appear near 7902 and 7939 to 7954
Support should appear near 7864 to 7836
and 7777 to 7763
Sept
British Pound
Recommended open position Short 2 at 18123
Support should appear near 17800 to 17740..Below that a test
of the 17380 to 17310 region is likely.
Resistance should appear near
18080 to 18150 and 18220
Sept Canadian Dollar
Recommended open position short at 7642
Support should appear near 7601 to 7586
Resistance is at 7675 to 7689 and 7763 to 7777
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
to7170
The
Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should
appear near 10104 to 10136 and 10185.
Support should appear near the 10037 to10021 region…
Under that 9937 to 9921 should hold.
September SP500
Recommended open position Long at 1076.2
Resistance should appear near 1101.00 and 1115.50
Support should appear near 1096.00 and 1082.00 below that buyers
should appear near the 1068.00 to 1058.00 region.
BW Traders should go long if a close over 1115.90 occurs.
Support should appear near 1822 to 1808
Resistance should appear near 1858 to 1865 .
Sept Mini Nasdaq 100
Resistance is at 1377 to 1383
and 1415 to 1421
Support is at 1346 to 1334 and 1310 to 1304
December
10 Year T-Note
Resistance
should
appear near 111-22 and 112-07.
Support is at 110-22.and 110-07
Precious Metals
December Gold
Recommended Open Postion Short 2 at 401.2
Resistance should appear at 416.3 to 418.3 and 423.8 to 424.9..
Support is at 411 and 405.6 to 404.6
December Copper
Recommended open Postion short at 12420
Support should appear near 12380 to 12320. Below that buyers should appear
neat 12030 to 11920
Resistance should
appear near 12680 to 12740 and 13030 to 13100. Beyond that sellers should appear near the
13340 to 13460 region..BW Traders can sell at 13020 for a turn lower and risk a
close over 13510 for three days in a row.
Dec Silver
Support should appear 675.5 to 674 and the 667.5 to
665.5 region .
Resistance is at the 680.5 to 683.5 and the 690.5 to 692 region
The Exciting Energies
Oct Crude Oil
Resistance should
appear near 4639 to 4650 and 4695 to 4717
Support should
appear near 4582
to 4571 and 4514 to 4503
October
Unleaded Gas
Recommended Open Postion
Short 12850
Resistance should appear near
12680 to 12740 .Beyond that sellers should appear near 13030 to 13100 .
Support should
appear near 12380 to 12360 and 12030 to 11920
October Heating Oil
Resistance should appear near 12320 to 12380 region..
Beyond that sellers should appear near 12680 to 12740 and should cap a
rally..
Support
The Lively Livestock
October Cattle
Support
Resistance is at 8667 to 8682 and 8762 to 8777
..Beyond that resistance should appear near 8857 to 8872 BW Traders can sell at
8757 and risk a close over 8972 for three days in a row
BW Traders should go short if a close under 8552 occurs.
October
Hogs
Support is at 6432 to 6417… A
close under augurs for a test of 6352 to 6337 and the 6272 to 6257 region.
Resistance is at 6482 to 6512 and 6577 to 6592 ..Beyond that sellers
should appear near the 6657 region.
February Pork
Bellies
Resistance should appear near 9447 and 9527 to 9542.. Beyond that
sellers should appear near 9622 to 9642 and the 9707 to 9737 region. .
Support is 9347 to 9317 region.. Failure there augurs for a test of 9157 to 9142
Trade Accordingly
The Grande’ Grains
December Corn
Support
should appear near 241 3/4 to 241 1/4 and 237 to 235 1/2
Resistance is at 246
1/4 to 246 3/4 and 251 1/4 to 251
3/4 BW Traders can sell at 245
2/3
and risk a close over 257 1/4 for three days in
a row.
BW Traders should go short if a close under 240 3/4 occurs.
November Beans
Recommended open Postion short at 585 1/4
Support is at 603 1/2 to
602 1/4 and 595 3/4 to 594 1/2
Resistance is
at 610 1/4 to 611 1/4 and the 625 3/4 to 627 region.. ..
December Soymeal
Recommended open Postion short at 177.2
Support should appear near the 182.2 to 180.8 and 178.0 to177.4
Resistance should appear near 185.8
to186.5 and 190.2 to 190.9
December Soybean Oil
Recommended open Postion 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
December CBOT Wheat
Recommended open Postion long at 333
Support should appear near 327 to 326 1/4 and 321 1/4
to
319 1/2
Resistance should appear
near 337 3/4 to
338 3/4 and 342 1/2 to 344 1/4
December
Coffee
Support is near the 7255 to 7240 and 7170 to7145
Resistance should appear near 7415 to 7430 and 7585 to 7600
December Cocoa
Support is at 1738 to1731 and 1696 to 1689 .
Resistance is at 1774 to 1780.. Above that sellers should appear near the
1808 to 1822 region
October Sugar
Support should appear near 767 to 763..an extended trade or slip under
augurs for a test of 739 to 735.
Resistance should appear near 791 to 795 and 814 to
823. BW Traders can sell at 789 and risk a close over
827 for three days in a row
BW Traders should go short if a close under 759 occurs.
December Cotton
Support should appear
near 5140 to 5125 and 5065 to 5055.
4995 to 4975
Resistance should appear near 5200 to 5210 and 5255 to 5285, beyond that sellers should
appear near the 5345 to 5355 region .
Trade Accordingly
- 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 23rd 2004
6:15 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 2 Sept Yen 9069 avg
Short 2 Sept EC 1.2222 avg
Short 2 Sept Swiss Francs 7937 Avg
Short 2 Sept British Pounds 18123 avg
Short Sept Canadian Dollars 7642
Short Sept Aussie Dollar 7137
Long Sept SP500 1076.20
Short 2 Dec Gold 401.2 avg
Short Dec Copper 12420
Short Dec Silver 678
Short October Unleaded Gas 12850
Short Nov Soybeans 585 1/4
Short Dec Soymeal 177.2
Short Dec Bean Oil 2314
Long Dec Wheat 333
Long Dec Coffee 7345