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Morning Comments Friday August 27th,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
Thursday August 26th, 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 7856 to 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 and 6919 to 6906
Resistance should appear at 7074 to
7088
The
Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should
appear near 10185 and the 10320 to 10360 region
Support should appear near the 10136 to 1104 and the 10037 to10021 region.
September SP500
Recommended open position Long at 1076.2
Resistance should appear near 1115.50 and 1130.00 to
1136.00
Support should appear near 1101.00 to 1096.00 and 1082.00.
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 1415 to 1421
Support is at 1383 to 1377 and 1346 to 1334
December
10 Year T-Note
Resistance
should
appear near 111-22 and 112-07.
Support is at 111-07 and 110-22
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 405.6 to 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..Below 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 659 to 657 then 650.5 to 648.5 and 635 to 633.5
Resistance is at the 674 to 675.5 then 680.5 to 683.5 and the 690.5 to 692
region
The Exciting Energies
Oct Crude Oil
Resistance should
appear near 4370 to 4381 and 4425 to 4446
Support should
appear near 4304 then 4249 to 4238 and 4183 to 4163
October
Unleaded Gas
Resistance should appear near
11640 to 11690 and 11920 to 12030
Support should
appear near 11500 and 11360 to 11300
October Heating Oil
Resistance should appear near
11640 to 11690 and the 11920 to 12030 region...
Support
The Lively Livestock
October Cattle
Support
Resistance is at 8392 to 8407 then 8487 to 8502 and the 8562 to 8592
region.
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 232 1/4 to 231 1/4 and 227 1/2 to 226 3/4
Resistance is at 235 1/2 to
237 and 241 1/4 to
242 3/4
November Beans
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 then 616 1/2 to 619 and the 625 3/4 to 627 region.. ..
December Soymeal
Recommended open Postion short at 177.2
Support should appear near the 178.0 to177.4 and 173.8 to 173.1
Resistance should appear near 180.8
to 182.2 and 185.8
to186.5
December Soybean Oil
Recommended open Postion short at 2314
Resistance should appear near 2411 to 2419 and 2461 to 2469
Support
should appear near 2370 to 2354 and 2322 to 2315
December CBOT Wheat
Recommended open Postion long at 333
Support should appear near 315 3/4 to 314 3/4 and 3101/4 to 390
1/4
Resistance should appear
near 319 1/2 to 321 1/4 and 326 1/4 to 327
December
Coffee
Support is near the 7430 to 7415 then 7345 to 7325 and 7255 to 7240
Resistance should appear near 7485 to 7515 and 7585 to
7605
December Cocoa
Support is at 1655 to 1642 and 1615 to 1609
Resistance is at 1689 to 1696 and 1731 to 1738.
October Sugar
Support should appear near 739 to 735.
Resistance should appear near 763 to 767 and 791 to 795. 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 4855 to 4845 and 4715 to 4695
Resistance should appear near 5955 to 5070 and 5125 to 5140 .
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
Thursday August 26th 2004
3:05 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 December Corn 237
Short Dec Soymeal 177.2
Short Dec Bean Oil 2314
Long Dec Wheat 333
Long Dec Coffee 7345