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Morning Comments Thursday June 16th, 2005
Serving
Professional and Individual Traders World Wide since 1988
1650
SW Malmo Rd , Port St. Lucie , Florida 34953 - USA and Canada Toll Free :
1-866-409-3890
- Intl : 1- 772-621-4234 http://www.futurescom.com
Wed
June 15th , 2005
2:00 PM Eastern time
Open BW Positions
The
Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should
appear near 10580 to 10680.
Support should appear near 10470 and 10360 to 10320.
Sept
SP500
Recommended Open position Long
1203.6
Resistance should appear near 1217.50 and 1232.00 to 1238.00
Support should appear near 1203.00 and 1197.50 to 1192.00.
Nasdaq Composite
Support remains near 2042.00 to 2034.00
Resistance should appear near 2080.00 to 2089.00
Sept Mini Nasdaq 100
Resistance should appear near 1569.00 to
1576.00
Support is at 1529.00..Below that buyers should appear near
the 1496.00 to 1484.00 region.
BW Traders can buy at 1497.00 and risk a close under 1451.00 for three days in a
row.
Sept Mini Russell 2000
Recommended open position Long at 637.30
Support is at 635.00 to 633.70 and 627.00 to 625.70.
Resistance
should appear near 641.70 to 643.00
Sept 10 Year T-Note
Resistance should appear near
112-22 and 113-07
Support
at 112-07 and 111-22
Sept 30 Yr T-Bond
Resistance should appear near 116-22 and 117-07
Support
at 116-07 and 115-22
The Frenzied Forex Front
Sept Yen
Recommended open Position Short at 9297
Resistance should appear near 9237 and 9316 to 9347.
Support should appear near the 9156 to 9140 region.
Sept Euro Currency (EC)
Recommended open position Short at 12162
Support should appear at 12102 and 12030 to 11920
Resistance should appear near 12175 then 12247 and 12320 to 12380
Sept Swiss Franc
Resistance should appear near 7939 to 7954 and 8029 to 8044. Beyond that
sellers should appear near 8119 to 8134..
BW Traders can sell at 8117 and risk a close over 8232 for three days in a row
Support should appear near 7864 to 7836
and 7777 to 7763
Sept British Pound
Support should appear near 18150 to 18080 and 17940
Resistance should appear near 18220 and 18400
BW Traders should go short if a close under 17932 occurs
Sept Canadian
Dollar
Support should appear near 8044
to 8029 and 7954 to
7939
Resistance is at 8119 to 8134
Sept Aussie Dollar
Resistance
should appear near 7675 to 7689 and the 7763 to 7777..BW Traders can
sell at
7675 and risk a close over 7696 for three days in a row., .
Support should appear near 7601 to 7587
Precious
Metals
August Gold
Resistance should appear at 430.4 to 431.5 and the 437.0 to 438.1 region.
BW Traders can sell at 436.9 and risk a close over 444.9 for three days in a
row.
Support is at 424.90 to 423.8
and the 418.3 to 416.4
region.
BW Traders should go short if a close under 416.2 occurs.
July Copper
Support 15390 to 15290 and 14960 to 14840
Resistance should appear near 15690 to 15760
and 16090 to 16150
July Silver
Support should appear near 725.5 to 724.0 and 717 to 714.5
Resistance is at 741.5 to 742.5 and 748.5 to 751.5
The Exciting Energies
July
Crude Oil
Resistance should appear
near 5577 and the 5640 to 5653 region .
Support should appear near 5504 to 5492 and the 5430 to 5418 region
July Unleaded Gas
Resistance should appear near
15690 to 15760 and 16090 to 16150..
Support should appear near 15350 to 15290 and 14960 to 14840
July Heating Oil
Re
Support should appear near 16150 to 16090 and the 15760 to 15690
region
The Lively Livestock
August Cattle
Support should appear near7957 to 7937 and the 7867 to 7837 region
Resistance is at near 8027 to 8047 and 8117 to 8137 .
July Hogs
Support is at 6757 to 6742 then 6672 to 6657 and 6592 to 6577
Resistance is at 6807
to 6837 and 6907
to 6922
October Hogs
Support is at 5717 and 5652 to 5637
Resistance is at 5792 to 5807 and
5857 to 5882
July Pork Bellies
Resistance
should appear near 6577 to
6592 and the 6657 to 6672 region. Above that sellers should appear near
6742 to 6757
Support is at 6512 to 6482
and the 6432 to 6417 region .. Below that buyers should appear near 6352 to 6337
August Pork Bellies
Recommended open position Short at 6987
Resistance
should appear near 6257 to
6272 and the 6337 to 6357 region ..
Beyond that sellers should appear near 6417 to
6432 and 6482 to 6512
Support is at
6192 to 6167 and the 6112 to 6102 region.
Below that support should appear near 6037 to 6022
The
Grande’ Grains
July Soybeans
Recommended
open position short 667 1/4
Support is at 700 1/4
to 699 and 691 3/4 to 690 3/4
Resistance should appear near 707 1/2 to 708 3/4 and 714 1/4 to
717
July Soymeal
Recommended Open Position Short at
212.4
Support should appear near 222.6 to 221.9 and 218.5 to 217.0
Resistance should appear near 226.7 to 227.5 and 231.5 to 232.2
July Soybean Oil
Resistance should appear near 2411 to 2419.and the 2461 to 2469
region
BW Traders can sell at 2459 and risk a close over 2527 for three days in a row
Support should appear near 2370 to 2354 and 2322 to 2315
July Corn
Support
should appear near 222 3/4 to 221 3/4 and 218 1/2 to 217
Resistance is at 226 3/4 to 227 1/2 and d 231 1/2 to 232 1/4 .
July CBOT Wheat
Resistance should appear near 326 1/4
to 327 and 331 3/4 to 332 3/4
Support should appear near 321 1/4 to 319 1/2 and 315 3/4 to 314 3/4
The Satisfying Softs
Sept
'The Monster' Coffee
Support should appear near 11360 to 11300 and 11010 to 10960
Resistance should appear near 11640 to 11690 and 11920 to 12030
Sept
Cocoa
Support is at 1535 to 1529
Resistance is at 1569 to 1576
Oct
Sugar
Support should appear near 877 and 852 to 847
Resistance should appear near 907 to 912.
July
Cotton
Support should appear
near 4695 and the 4650 to 4635 region. .
Resistance should appear near 4775 to 4795 and the 4845 to 4855 region
-
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
3:10 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
– 2005 all rights reserved Terms
BW
Recommended Open Positions 6-14-2005
Long Sept SP500 1203.6
Long Sept Mini Russell 637.30
Short Sept Yen 9297
Short Sept EC 12162
Short August Pork Bellies 6987
Short July Soybeans 667 1/4
Short July Soymeal 212.4