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Morning Comments Thursday July 14th 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
July 13th , 2005
5:20 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 9044
to 9060 region and 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 8964 to 8934.. Below that a test of 8777 to 8762
is likely.
Sept
Euro Currency (EC)
Support should appear at 12030 to
11920
Resistance
should appear near 12175 and 12247
Sept Swiss Franc
Resistance should appear near 7807
and 7836 to 7864 Beyond that sellers 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 7777 to
7762 and the 7689 to 7676 region
Sept British Pound
Support
should appear near 17560 and 17310
and 17140
Resistance should appear near 17740 to 17800.and 17940
Sept Canadian
Dollar
Support
should appear near 8223 to 8194
Resistance is at 8314 and 8391 to
8408
Sept Aussie Dollar
Resistance should appear near 7486 to
7513 and 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 7428 to 7414 and the 7342 to 7328 region
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 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
17310 to 17380 and 17740 to 17800
Support should appear near 16960 to 16890 and the 16550 to 16420
region
The Lively Livestock
August
Cattle
Support should appear near 7867
to 7837 and 7777 to 7762
Resistance is at 7937 to 7957 and the 8027 to 8047
region.
August
Hogs
Recommended open position short
at 6902
Support is at 6672
to 6657 and 6592
to 6577 .
Resistance is at 6742 to 6757
and 6807 to 6837
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 6657 to 6672
Support is
at 6432 to 6417
August
Soybeans
Support
is at 708 3/4 to 707 1/2 and 700 1/4 to 699
Resistance should appear near 714 1/2 to 717
and 724 1/4 to 725 1/2
November
Soybeans
Support
is at 717 to 714 1/2 and 708 3/4 to 707 1/2
Resistance should appear near 725 1/2 and 741 1/2 to 742 3/4
Dec
Soymeal
Support
should appear near 222.6 to 221.9 and the 218.5 to 217.0 region.
Resistance should appear near 226.7
to 227.5 and the 231.5 to 232.2 region.
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
Support
should appear near 241 3/4 to 241 1/4 and 232 to 2311/2
Resistance is at 246 1/4 to 246
3/4 and 251 1/4 to 251 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.
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
Wed July 13th, 2005
6:20 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 August Gold 423.6
Short August Hog 6902
Short Oct Hogs 5480
Short Sept Corn 235 1/4