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Morning Comments Tuesday June 28th 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
Monday
June 27th , 2005
6:00 PM Eastern time
Open BW Positions
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should
appear near 10320 to 10360 .
Support should appear near 10257 then 10185a and the 10136 to 10104
region
Sept SP500
Recommended Open Position 1217.50
Resistance should appear near 1197.50 and 1203
Support should appear near 1192.00 and 1180.50
Nasdaq Composite
Support remains near 2042 to 2034
Resistance should appear near 2080 to 2089
Sept Mini Nasdaq 100
Recommended Open position long at 1535
Resistance should appear near 1529 to 1535 .
Support is at 1496 to 1484.
Sept Mini Russell 2000
Recommended open position Long at 627.1
Support is at 619.00 to 616.50
Resistance
should appear near 633.7 to 635
Sept 10 Year T-Note
Resistance should appear near 114-07
and 114-22
Support
at 113-22 and 113-07.
Sept 30 Yr T-Bond
Resistance should appear near 119-22 and 120-07
Support
at 118-22 and 118-07
The Frenzied Forex Front
Sept Yen
Recommended Open Position Short at 9316
Resistance should appear near 9316 to 9347
Support should appear near 9156 to 9140
Sept Euro Currency (EC)
Support
should appear at 12175 and 12105
Resistance should appear near 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. …
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 18220 to 18150 and 18080
Resistance should appear near 18310 and 18400
BW Traders should go short if a close under 18077 occurs
Sept Canadian
Dollar
Support should appear near 8134
to 8119.
Resistance is at 8194 to 8223
Sept Aussie Dollar
Recommended open position short at 7635
Resistance should appear near
7675 to 7689 and 7762 to 7777
Support should appear near 7601 to 7587 and 7513 to 7486
Precious Metals
August Gold
Recommended open position Short at
436.9
Resistance should appear at 442.5 to 444.6
Support is at the 438.1 to 437.
Sept Copper
Support should appear near 15350 to 15290. Below that, a trade towards the14960 to 14840 region is likely
Resistance should appear near 15690
to 15760 and the 16090 to 16150
region
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 6101 to 6113 and 6165 to 6190
Support should appear near 6035 to 6023 and 5957 to 5945
August Unleaded Gas
Resistance should appear near
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 16550 to
16490 and 16150
to 16090.
August Heating Oil
Resistance should appear near 16960 and
17740 to 17800
Support should appear near 16150 to 16090 and 15760 to 15690
The Lively Livestock
August Cattle
Support should appear near 8047 to 8027 and 7957 to 7937
Resistance is at near 8117 to 8137 region ...
Beyond that sellers should appear near 8192 to 8222 and the 8297 to
8317
BW Traders can sell at 8297 and risk a close over 8497 for three days in a row
BW Traders should go short if a close under 7932 occurs.
July Hogs
Recommended open position short at 6570
Support is a 6592 to 6577 and 6512 to 6482
Resistance is at 6657 to 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..
Support is at 6432 to 6417 and the
6352 to 6337 region.
Resistance is at 6657 to 6672 and
the 6742 to 6757 region..
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 5577 to 5552 and 5507 to 5492 .
Resistance is at 5642 to 5652 and
5717 to 5732
July Pork Bellies
Support
should appear near 5957 to 5942
then 5882 to 5857and the 6805 to 5792 region .
Resistance
should appear near 6037 and 6102 to 6112 Beyond that
sellers should appear near 6257 to 6272
Aug Pork Bellies
Support
should appear near 5957 to 5942
and 5882 to 5857.
Resistance
should appear near 6037 then 6102 to 6112 and 6162 to 6192
Trade accordingly and stay tuned for flashes and updates
The Grande’ Grains
August
Soybeans
Support is at 675
1/2 to 674 3/4 and 667 1/4 to 665 3/4
Resistance should appear near 714 1/4 to 717 and 724 1/4 to 725
1/2 .
November Soybeans
Support
is at 700 1/4 to 699 and 683 3/4 to 680 3/4
Resistance should appear near 717 and 724 1/4 to 725
1/2 , Beyond that sellers should appear near 732 3/4 to 734 1/4
Dec Soymeal
Support should appear near 218.5 to 217.0 and 213.4 to 212.6
Resistance should appear near 226.7 to 227.5 and 231.5 to 232.3
Dec Soybean Oil
Resistance should appear near 2511 to 2519 and 2558 to
2568
Support should appear near 2469 to 2461 and
2419 to 2411
Sept Corn
Support should appear near
227 1/2 to 226 3/4 then 222 3/4 to 221 3/4 and 218 1/2 to 217
Resistance is at 2311/2 to 232 1/4 then 235 1/2 to 237 and 241 1/4
to 241 3/4
Sept Wheat
Resistance should appear near 342 1/2 to 344 1/4 and the 349 1/4 to 350 1/4 region ..
Beyond that sellers should appear near 355 1/4 to 356 1/4
Support should appear near 338 3/4 to 337 3/4 and
the 332 3/4 to 331 3/4 region..
Below that test of 327 to 326 1/2 is likely
BW Traders should go short if a close under 331 1/2 occurs
The Satisfying Softs
Sept
'The Monster' Coffee
Support should appear near 10360 to 10320 and 10050 to 10000
Resistance should appear near 10580 to 10680 and 10960 to 11010
Sept
Cocoa
Support is at 15356 to 1529 and 1496 to 1484..
Resistance is at 1569 to 1576 and 1609 to 1615..
Oct
Sugar
Support should appear near 922 and the 912 to 907 region
Resistance should appear near 941 and the 968 to 972.
region
Dec
Cotton
Support should appear
near 5430 to 5415 and the 5355 to 5345 region
Resistance should appear near 5555 to 5575 and the 5635 to 5645 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
7:35 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 6-27-2005
Long Sept
SP500 1217.50
Long Sept Mini Nasdaq 1536
Long Sept Mini Russell 627.10
Short Sept Yen 9316
Short Sept Aussie Dollar 7635
Short August Gold 436.90
Short July Hogs 6570
Short Oct Hogs 5480