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FuturesCom Investment Publications
Morning Comments  Friday June 24th  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 

Thursday  June 23rd ,  2005
12:30  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 10360 to 10320.


Sept SP500
Recommended Open Position 1217.50 
Resistance should appear near 1217.50 and 1232.00 to 1238.00
Support
should appear near  1203.00 to 1192.00 .

Nasdaq Composite
Support
remains near 2080 and 2042 to 2034  
Resistance should appear near 2126 to 2134

Sept Mini Nasdaq 100
Recommended open position Long at 1535
Resistance
should appear near 1569.00  to 1576.00 and the 1609.00 to 1615.00 region .
Support is at 1535.00 to 1529. . 

Sept Mini Russell 2000
Support
is at 635.00 to 633.70.. Below that, buyers should appear near 619.00 to 616.50.
BW Traders can buy at 627.10 and risk a close under 614.50 for three days in a row..
Resistance should appear near 641.7 to 643 and 648.30 to 650.90 .
BW Traders should go long if a close over 651.10 occurs

Sept 10 Year T-Note  
Resistance should appear near 113-22 and 114-07
Support  at 113-07 and 112-22. 

Sept 30 Yr  T-Bond 
Resistance
should appear near 118-22 and 119-07
Support  at  118-07 then 117-22 and 117-07

 

                                  The Frenzied Forex Front

Sept  Yen
Recommended Open Position Short 2 at  9268 avg
Resistance should appear near 9316 to 9347 
Support
should appear near 9156 to 9140 

Sept Euro Currency (EC)
Support
should appear at  the 12030 to 11920 region
Resistance
should appear near 12105 then 12175 and 12247.. Beyond that sellers should appear near 12320 to 12380.. 
 BW  Traders can sell at 12349 and hold for lower prices., initially plan on risking a close over 12392 for three days in a row. …

Sept Swiss Franc
Resistance
should appear near 7939 to 7954 and 8029 to 8044
Support should appear near 7864 to 7836 and  the 7777 to 7763 region.  

Sept British Pound
Support
should appear near 18080 and 17940
Resistance
should appear near 18150 to 18220
BW Traders should go short if a close under 18077 occurs

Sept  Canadian Dollar
S
upport should appear near 8044 to 8029. 
Resistance
is at  8134  and 8194 to 8223

Sept Aussie Dollar
Resistance should appear near  7689 then 7726  and 7762 to 7777
Support
should appear near the 7675  and 7601 to 7587
BW Traders should go short if a close under 7671 occurs

   
                                                               
Precious Metals  

August Gold
Recommended open position Short at 436.9  
Resistance
should appear at   444.6 and 450.3 to 451.4
Support is at the 438.1 to 437.0. 

Sept Copper
Support
should appear near 14960 to 14840 and 14590 to 14530
Resistance should appear near 15290 to 15350 and 15690 to 15760 

Sept Silver 
Support
should appear near 725.5 to 724.0 and  the 717.0 to 714.5 region .
Resistance is at 741.5 to 742.5 and  748.5 to 751.5


The Exciting Energies

August Crude Oil
Resistance
should appear near 5945 to 5957 and 6023 to 6035
Support
should appear near 5880 to 5855 and 5805 to 5792 

August Unleaded Gas 
Re
sistance should appear near 16550 and 16890 to 16960 .. Beyond that sellers should appear near and  17310 to 17380 region.  
BW 
Traders who have Ice Water in their Veins can sell at 17290 and risk a close over 17530 for three days in a row.
Support
should appear near 16150 to 16090 and the 15760 to 15690 region  Under that a trade towards 15350 to 15290 is likely. 

August Heating Oil
Re
sistance should appear near 16890 to 16960 and 17740 to 17800 
Support
should appear near  16550 to 16420 and 16150 to 16090


The Lively Livestock
 

August  Cattle
Support
should appear near 7957 to 7937,and 7867 to 7837 
Resistance is at near 8027 to 8047 and the 8117 to 8137 region   Beyond that sellers should appear near 8192 to 8222

BW Traders should go short if a close under 7932 occurs.

July Hogs
Support
is a 6592 to 6577 and 6512 to 6482
Resistance is
at 6672 and 6742 to 6757..  BW Traders can sell at 6742 for a turn lower and risk a close over 
6842 for three days in a row.. Beyond that sellers should appear near 6807 to 6837 

BW
Traders should go short if a close under 6572 occurs.

August Hogs 
Support is at 6512 to 6482 and 6432 to 6417. 
Resistance is
at 6577 to 6592.. Beyond that sellers should appear near 6657 to 6672 
BW  Traders can sell at 6657 for a turn lower and risk a close over 6772 for three days in a row,…

October Hogs
Recommended open position short at 5480
Support is  5507 to 5492 and the 5432 to 5417 region. 
Resistance is at 5552 to 5577 and 5637 to 5652

July Pork Bellies
Support
should appear near 6117 to 6102 and 6037 to 6022.. Below that a trade towards 5957 to 5942 is likely. 
Resistance should appear near 6257 to 6272 and the 6337 to 6352 region.. Beyond that sellers should appear near 6417 to 6432

August Pork Bellies
Resistance
should appear near 6337 to 6352 and 6482 to 6512
Support is at 6192 to 6162 and 6037 to 6022

Trade accordingly and stay tuned for flashes and updates

 

                                    The Grande’ Grains
August  Soybeans
Support
is at 725 1/2 to 724 1/4 and 717 to 714 1/2 
Resistance should appear near 748 3/4 to 751 3/4 and the 776 1/4 to 777 3/4 region.  

November Soybeans
Support
is at 742 3/4 to 741 3/4 and 734 1/4 to 732 3/4 
Resistance should appear near 757 3/4 to 760 1/4 and the 767 1/2 to 768 3/4 region 

Dec Soymeal
Support
should appear near 235.1/2 and 232 1/4 to 231 1/2 
Resistance should appear near 241.1/4 to 241  and 246 1/4  to 246.3/4 

Dec  Soybean Oil

Resistance
should appear near 2612 to 2620 and 2663 to 2672
Support
should appear near 2568 to 2558 and  2519 to 2511

Sept Corn
Support
should appear near 235 1/2  and 232 1/4 to 231 1/2 
Resistance is at   241 1/4 to 241 3/4 and 246 1/4 to 246 3/4  

Sept Wheat
Resistance
should appear near 342 1/2 to 344 1/4 and 349 1/4 to 350 1/4 .
Support should appear near 338 3/4 to 337 3/4 and 332 3/4 to 331 3/4 
BW Traders should go short if a close under 331 1/2 occurs 

                                                       The Satisfying Softs  
Sept 'The Monster' Coffee
Support 
should appear near 11010 to 10960 and 10680 to 10580
Resistance should appear near 11300 to 11360 and 11640 to 11690.

Sept Cocoa
Support
is at 1576 to 1569 and 1535 to 1529 .. 
Resistance is at 1609 to 1615. and 1642 to 1655

Oct Sugar
Support
should appear near 912 to 907  . 
Resistance should appear near 932 to 941 

Dec Cotton
S
upport should appear near 5285 to 5655  and 5210 to 5200 .
Resistance should appear near 5415 to 5430 and 5490 to 5505


- 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 June 23rd, 2005
3:30  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 
6-23-2005

Long Sept  SP500  1217.50 
Mini Nasdaq 1536
Short 2 Sept Yen 9268 avg

Short August Gold 436.90
Short Oct Hogs 5480