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Morning Comments Wed July 13th 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
Tuesday
July 12th , 2005
4:20 PM Eastern time
Open BW Positions
Support should appear near 10470 and
the 10360.00 to
10320.00 region .
Sept SP500
Resistance should appear near 1232.00 to 1238.00
Support should appear near 1217.50 and 1203.00 to 1192.00..
Nasdaq Composite
Support remains near 2134 to 2126 |
Resistance should appear near 2170 to 2185
Sept Mini Nasdaq 100
Resistance should appear near
1569.00 to 1576.00 .
Support is at 1535.00 to 1529.00
Sept Mini Russell 2000
Support
is at 667.30 to 665.90 and
the 659.10 to
657.70 region
Resistance should appear near
674.3 to 675.50 and the 680.9 to 683.6 region
Sept 10 Year T-Note
Resistance
should appear near 112-07 and 112-22
Support
at 111-22 and
111-07
Sept
30 Yr T-Bond
Resistance
Support is at 116-07
and 115-22
The
Frenzied Forex Front
Sept
Yen
Resistance should appear near the 9140 to 9156 region. BW. Traders can sell at 9140 and risk a close
over 9167 for three days in a row .
.
Support should appear near 9060 to 9044 and 8964 to 8934.
Sept
Euro Currency (EC)
Recommended open position Short at 12175
Support should appear at 12175 and 12030 to
11920
Resistance
should appear near 12320
to 12350 and 12380.
BW Traders can sell at 12349 and risk close over 12392 for three days in a row
Sept Swiss Franc
Resistance should appear near 7939 to
7954.
BW Traders can sell at 7943 and risk a close over 8067 for three days in a
row,
Support should appear near 7864 to
7836
Sept British Pound
Recommended open Position Short at 17740
Support should appear near 17560 and 17310
and 17140
Resistance should appear near 17740 to 17800.and 17940
Sept Canadian
Dollar
Recommended open position short at 8117
Support
should appear near 8314 to 8300
Resistance is at 8391 to
8408
Sept Aussie Dollar
Resistance should appear near the 7587 to 7601 region
BW Traders can sell at 7586 and risk a
close over 7692 for three days in a row.
Support should appear near 7513 to 7486
Precious
Metals
August Gold
Recommended open position short at 423.6
Resistance should appear at 430.4
to 431.5 and the 437 to 438.1 region.
BW Traders can sell at 430.3 and risk a
close over 438.9 for three days in a row.
Support is at 424.9 to 423.8 and the
418.3
to 416.3 region.
Sept Copper
Support should appear near 15350 to
15290 and 14960 to
14840.
Resistance should appear near 15690
to 15760 and 16090 to 16150
Support should appear near 700.5 to
699.0 and 683.5 to 680.5
Resistance should appear near 714.5 to 717.0 and 732.5 to
734.5
Resistance
Support should appear near 5957 to
5945 then 5880 to
5855 and 5805 to 5782
August Unleaded Gas
Resistance should appear near
17740 to17800 and 18080
to 18220
Support should appear near 16960 to 16890 and 16550 to 16420
August Heating Oil
Resistance should appear near 17740 to 17800
and 18580 to 18650
Support should appear near 17380 to 17310 and 16960 to 16890
The Lively Livestock
August
Cattle
Support should appear near 7837
then 7777 to 7762
and the 7692 to 7672 region
Resistance is at 7937 to 7957 and the 8027 to 8047
region.
August
Hogs
Recommended open position short
2 at 6817 avg
Support is at 6592
to 6577 and 6512
to 6482.
Resistance is at 6657 to 6672 and
the 6742 to 6757 region
October Hogs
Recommended open position short at 5480
Support is 5807 to 5792 region . Below that
a test of 5732 to 5717 is likely.
Resistance is at 5852 to 5882 and
5942 to 5957.. Above that sellers should appear near 6022 . .
BW
Traders should go short if a close under 5787 occurs
August
Pork Bellies
Resistance should
appear near 6337 to 6352 then 6417 to 6432 and the 6482 to
6512 region
Support is
at 6272 to 6257 and the 6192 to 6162 region
The Grande’ Grains
August
Soybeans
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 1/2 to 717
November
Soybeans
Support
is at 708 3/4 to 707 1/2 then 700 1/4 to 699
and 683 3/4 to 690 3/4
Resistance should appear near 724 1/4 to 725 1/2 and 741 1/2 to 742 3/4
BW Traders should go short if a close under 680 ¼ occurs. .. Stay tuned for
updates
Dec
Soymeal
Support
should appear near 218.5 to 217.0 and 213.4 to 212.6..
Resistance should appear near 221.9
to 222.6 and 226.7
to 227.5
Dec Soybean Oil
Resistance should appear near 2558
to 2568 and 2612 to 2620
Support should appear near 2519 to
2511and 2469 to 2461
BW Traders should go short if a close under 2407 occurs.
Support
should appear near 232 to 231 1/2.and 227 1/2 to 226 3/4
Resistance is at 235 1/2 to 237
and 240 1/4 to 241
3/4
Sept
Wheat
Resistance should appear near
337 3/4 to 338 3/4 and 342 1/2 to 344 1/4 .
Support should appear near 327 to 326 1/4
and 321 1/4 to 319 1/2 .
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 1383
to 1377
Resistance is at 1415 to 1421 .
Oct Sugar
Support should appear near 941 to 932
Resistance should appear near 968 to 972.. BW Traders can sell at
967 and Hold for lower prices..
Dec Cotton
Support should appear near 5070
to 5065 and 4995 to 4970
Resistance should appear near 5255 to 5280 and 5345 to 5355
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
Tuesday July 12th, 2005
5:20 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
Short Sept EC 12175
Short Sept British Pounds 17740
Short Sept Canadian Dollars 8117
Short August Gold 423.6
Short 2 August Hog 6817 avg
Short Oct Hogs 5480
Short Sept Corn 235 1/4