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Morning Comments Wed Sept 1st,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
Wed August 30th, 2004
5:45 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 9060 to 9044 and the 8964 to 8934
region..
December
Yen
Resistance should appear near 9237 and 9316 to 9347
Support should appear near 9156 to 9140 .
Sept
Euro Currency (EC)
Support should appear at
12030 to 11975 and 11920.
Resistance is at 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 7586
and the 7513 to 7486 region
Resistance is at 7601 then 7638 and 7675 to 7689
December Canadian Dollar
Sept Aussie Dollar
Support
should appear near the 6919 to 6906 region
Resistance should appear at 6990 to
7003 and 7038
The
Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should
appear near 10,136 and 10,185
Support should appear near the 10,104 and 10,037 to 10,021
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.
BW Traders should go long if a close over 1115.90 occurs.
Support should appear near the1822 to 1808 region
Resistance should appear near 1058 to 1865
Sept Mini Nasdaq 100
Resistance is at 1377 to 1383
Support is at 1346 to 1334
December
10 Year T-Note
Resistance
should
appear near 112-07
and 112-22
Support is at 111-22 and 111-07
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 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
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 667.5 to 665.5 and 659 to 657
Resistance is at the 674 to 675.5 and 680.5 to 683.5
The Exciting Energies
Oct Crude Oil
Resistance should
appear near 4238 to 4248 and 4304 to 4315
Support should
appear near 4183 to 4163 and 4120 to 4110
October
Unleaded Gas
Resistance should appear near 1.1500
and 1.1640 to 1.1690
Support should
appear near 1.1360 to 1.1300 and the 1.1010 to 1.0960 region
October Heating Oil
Resistance should appear near
11640 to 11690.
Support
The Lively Livestock
October Cattle
Support
Resistance is at 8487 to 8502 and the 8557 to 8587 region
October
Hogs
Support is at 6482 and 6432 to 6417.. Below that buyers should appear near
6352 to 6337.
Resistance is at 6577 to 6592 and the 6657 to 6672 region
February Pork
Bellies
Resistance should appear near 9347 and 9422 to 9447.
Beyond that sellers should appear near 9527 to 9542
Support is 9237 then 9157 to 9142
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 237 and 241
1/4 to 241 3/4
November Beans
Support
is at 611 1/4 to 410
1/4 and 603 1/2 to 602 1/4
Resistance is
at .625 3/4 to 627 and 633 3/4 to 635
December Soymeal
Recommended open Postion short at 177.2
Support should appear near 178.0 to 177.4 and 173.8 to 173.1
Resistance should appear near 180.8
to 182.2 and the 185.8 to 186.5 region.
December Soybean Oil
Recommended open Postion short at 2314
Resistance should appear near 2511 to 2519 and 2552 to 2568
Support
should appear near 2469 to 2461 and 2419 to 2411
December CBOT Wheat
Recommended open Postion long at 333
Support should appear near 315 3/4 to 314 3/4 and 310 1/4 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 7170 to 7145 and 7090 to 7075
Resistance should appear near 7240 to7255 and 7325 to 7345
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 767 to 763.
Resistance should appear near 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 4995 to 4975 and 4925 to 4915 .
Resistance should appear near 5345 to 5355 and 5415 to 5430
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 30th 2004
6:45 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 December Corn 237
Short Dec Soymeal 177.2
Short Dec Bean Oil 2314
Long Dec Wheat 333
Long Dec Coffee 7345