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Morning Comments Thursday Sept 2nd,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 Sept 1st, 2004
7:00 PM eastern time
December
Yen
Resistance should appear near 9237 and 9316 to 9347
Support should appear near 9156 to 9140 .
* BW Traders should go short if a close
under 9139 occurs
Sept Yen
Recommended open position Short 2 at 9069 avg
December Euro Currency (EC)
Support should appear at 12175 and 12102
Resistance is at 12247
and 12320
* BW Traders
should go short if a close under 12172 occurs
December Swiss Franc
Recommended open Postion Short at 7991
Resistance should appear near the 8029 to 8044 region
Support should appear near 7954
to 7939
* BW Traders
should go Short if a close under 7901 occurs
December British Pound
Support should
appear near 17740 and 1.7560
Resistance should appear near
17800 and 17940
* BW Traders can sell at 17936 and hold for
lower prices..
December Canadian Dollar
Recommended Open Position Short at
7610
Support should appear near 7601 to 7586
Resistance is at 7675 to 7689 and
7763 to 7777
December Aussie Dollar
Recommended open Postion short at 6987
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 10,185 and the 103,20 to 10,360 region
Support should appear near the 10,136 to 10,104 and 10,037 to 10,021
September SP500
Recommended open position Long at 1076.2
Resistance should appear near 1115.50 and the 1130.00 to 1136.00
region
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 the1822 to 1808 region
Resistance should appear near 1058 to 1865
Sept Mini Nasdaq 100
Resistance is at 1377 to 1383 and 1399
Support is at 1363.5 and 1346 to 1334
December
10 Year T-Note
Resistance
should
appear near 112-22 and
113-07
Support is at 112-07 and 111-22
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 12740 to 12680 and 12380 to 12320
Resistance should
appear near 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 675.5 to 674 and 667.5 to 665.5
Resistance is at the 683.5 then 690.5 to 691.5 and 690.5 to
692
The Exciting Energies
Oct Crude Oil
Resistance should
appear near 4425 to 4446 then 4503 to 4514 and 4571 to 4582
Support should
appear near 4381 to 4370 and 4315 to 4304
October
Unleaded Gas
Resistance should appear near 11920
to 12030 and 12320 to 12380
Support should
appear near 11690 to 11640 and 1.1360 to 1.1300
October Heating Oil
Resistance should appear near
11805 and 11920 to 12030
Support
The Lively Livestock
October Cattle
Support
Resistance is at 8392 to 8407 then 8487 to 8502 and the 8557 to 8587 region
October
Hogs
Support is at 6672 to 6657 and 6592 to 6577
Resistance is at 6742 to 6757 and 6807 to 6837
February Pork
Bellies
Resistance should appear near 9522 to 9547 and 9622 to 9642
Support is 9447 to 9427 and 9347 to 9317
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 241
1/4 to 241 3/4 and 246
1/4
to 246 3/4.. BW Traders can
sell at 245 3/4 and risk a close over 257 1/4 for three days in a row.
November Beans
Support
is at 635 to 633 and
627 to 625 3/4 and 619 to 616 1/2
Resistance is
at 657 3/4 to 659 and 665 3/4 to 6671/4
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 182.2 and the 185.8 to 186.5 region.
December Soybean Oil
Recommended open Postion short at 2314
Resistance should appear near 2663 to 2672 and 2716 to 2724
Support
should appear near 2568 to 2552 and 2469 to 2461
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 331 3/4 to 332 3/4 and 342 1/2 to 344 1/2
December
Coffee
Support is near the 7345 to 7325 and 7255 to 7240
Resistance should appear near7415 to 7430 and 7485 to 7515
December Cocoa
Support is at 1576 to 1589 and 1535 to 1529
Resistance is at 1609 to 1615 and 1642 to 1655
October Sugar
Recommended open Postion short 789
Support should appear near 795 to 791 and 767 to 763.
Resistance should appear near 823 and 847 to 852
December Cotton
Resistance should appear
near 5415 to 5430 and 5555 to 5580
Support should appear near 5355 to 5345 and 5285 to 5255
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
Wed Sept 1st 2004
8:00 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 December Swiss Franc 7991
Short Dec Canadian Dollars 7610
Short December Aussie Dollar 6987
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
Short Oct Sugar 789