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 Wed August 26th,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 24rd, 2004
2:00 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)
Support should appear at  the 12030 to 11975 region 
Resistance is at  the 12102 and 12175 

Sept Swiss Franc
Resistance should appear near 7902 and 7939 to 7954  
Support should appear near 7836 and 7777 to 7763

Sept British Pound
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
Support should appear near 7003 to 6990
Resistance should appear at 7074 to 7088 and 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.

Nasdaq Composite  
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 411 to 412 and 416.3 to 418.3.
Support is at  404.6 and 399.2 to 398.2 

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  
Recommended open Postion short at 678
Support should appear 650.5 to 648.5 and 635 to 633.5 
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 4571 to 4582 and 4639 to 4650  
Support should appear near 4514 to 4503  and 4446 to 4425 

October Unleaded  Gas
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 should appear near 12030 to 11920 . Below that buyers should appear near 11690 to 11640

                                                The Lively Livestock  
October Cattle
Recommended  open  Postion short at 8395 
Support should appear near 8392 and the 8317 to 8302 region.. Below that a test of 8137 to 8122 is likely. 
Resistance is at 8487 to 8502 and 8562 to 8592  

October Hogs  
Support is at 6272 to 6257 and 6192 to 6167   
Resistance is at 6337 to 6352 and 6417 to 6432 . 

February  Pork Bellies
Resistance should appear near 9317 to 9347 and 9422 to 9447 and 9527 to 9542.
Support  is 9157 to 9142  and 9062 to 9047 

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 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 321 1/4  to 319 1/2
Resistance  should appear near 326 1/4 to 327 and 337 3/4 to 338 3/4

                             The Satisfying Softs
December  Coffee  
Recommended open Postion long at 7345
Support is near the 7255 to 7240 and 7170 to7145 
Resistance should appear near 7325 to 7345 and 7415 to 7430  

December Cocoa 
Support is at 1696 to 1689 and 1655 to 1642 
Resistance is at 1731 to 1738 and 1774 to 1780. 

October Sugar
Support should appear near  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. Below that buyers should appear near 
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  
Tuesday August 24th  2004
2:45 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 Sept Canadian Dollars 7642
Long Sept SP500 1076.20
Short 2  Dec Gold 401.2 avg
Short Dec Copper 12420 
Short Dec  Silver 678
Short Oct Cattle 8395
Short Dec Soymeal 177.2
Short Dec  Bean Oil 2314
Long Dec  Wheat 333 
Long Dec Coffee 7345

                                                                          Terms