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Morning Comments Monday August 30th,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
"Accomplishments will prove to be
a journey, not a destination."
- Dwight D. Eisenhower -
Saturday August 28th, 2004
3:00 AM eastern time
Open BW
Positions
Note :December Currencies assume Front month status on Friday
Sept 3rd. (Canadian Dollar on Thursday Sept 2nd)
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 9060 to 9044 and the 8964 to 8934
region..
Sept
Euro Currency (EC)
Support should appear at
11975 to11920 and 11805.
Resistance is at 12030
and 12102 and 12175
Sept
Swiss Franc
Resistance
should appear near 7836 to 7864 and 7901
Support should appear near 7777 to 7763
and 7689 to 7675
Sept
British Pound
Support
should appear near 17800 to 17740 and 1.7560
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
and the 7513 to 7486 region
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 and 7143 to 7170
The
Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should
appear near 10257 and the 10320 to 10360 region
Support should appear near the 10185 and the 10136 to 10104 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 1840 and the 1822 to 1808 region
Resistance should appear near 1865 and 1883.5
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 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
near 12030 to 11920
Resistance should
appear near 12680 to 12740 and 13030 to 13100. 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 659 to 657 and 650.5 to 648.5
Resistance is at the 665.5 to 667.5 and 674 to 675.5
The Exciting Energies
Oct Crude Oil
Resistance should
appear near 4370 to 4381 and 4425 to 4446
Support should
appear near 4315 to 4304 and 4249 to 4238
October
Unleaded Gas
Resistance should appear near 11920 to 12030 and
12320 to 12380
Support should
appear near 11690 to 11640 and 11360 to 11300
October Heating Oil
Resistance should appear near
11640 to 11690 and 11805.
Support
The Lively Livestock
October Cattle
Support
Resistance is at 8302 to 8317 then 8392 to 8407 and 8487 to 8502
October
Hogs
Support is at 6352 to 6337 and 6272 to 6257
Resistance is at 6417 to 6432 and 6487 to 6512
February Pork
Bellies
Resistance should appear near 9317 to 9347 and 9422 to 9447
Support is 9157 to 9142 and 9062 to 9047
Trade Accordingly
The Grande’ Grains
December Corn
Support
should appear near 227 1/2 to 226 3/4 and 222 3/4 to 221 3/4
Resistance is at 232 2/2 to
232 1/4 and 235 1/2 to
237
November Beans
Support
is at 594 1/2
,a slip under augurs for a test of 588 to 585 1/2 and
the 580 1/2 to 579 1/4 region
Resistance is
at 602 1/4 to 6093 1/2 and 610 1/4 to 611 1/4 .
December Soymeal
Recommended open Postion short at 177.2
Support should appear near 173.8 to 173.1 and the 169.6 to168.9 region
Resistance should appear near 177.4
to 178.0 and the 180.8
to 182.2 region.
December Soybean Oil
Recommended open Postion short at 2314
Resistance should appear near 2411 to 2419 and 2461 to 2469
Support
should appear near 2354 and 2322 to 2315
December CBOT Wheat
Recommended open Postion long at 333
Support should appear near 310 1/4 to 390
1/4
Resistance should appear
near 319 1/2 to 321 1/4
December
Coffee
Support is near the 7345 to 7325 and 7255 to 7240
Resistance should appear near 7415 to 7430 and 7485 to 7515
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 751and 739 to 735.
Resistance should appear near 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 4785 to 4775 then 4715 to 4695 and the 4650 4635 region.
Resistance should appear near 4845 to 4855 then 4915 to 4925 and the 4975 to
4995 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
Saturday August 28th 2004
4:00 AM 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