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Morning Comments Friday July 15th 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
July 14th , 2005
4:10 PM Eastern time
Open BW Positions
Support should appear near 10580 and 10470 .
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 1609
to 1615 .
Support is at 1576 to 1569 and 1535.00 to 1529.00
Sept Mini Russell 2000
Support
is at 659.10 to
657.70 and 650.9 to 648.30
Resistance should appear near
665.90 to 667.30 and the 674.3 to 675.50 region
Sept 10 Year T-Note
Resistance
should appear near 111-22 and 112-07
Support
at 111-07 and 110-22
Sept
30 Yr T-Bond
Resistance
Support is at 116-07
and 115-22
The
Frenzied Forex Front
Sept
Yen
Resistance should appear near 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 8934 and 8871 to 8856.. 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 17380 to 17310
Resistance should appear near 17560 and 17740 to 17800.
Sept Canadian
Dollar
Support
should appear near 8223 to 8194
Resistance is at 8300 to 8314
Sept Aussie Dollar
Resistance should appear near 7513 and
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 423.8
to 424.9 and 430.4
to 431.5.
BW Traders can sell at 430.3 and risk a
close over 438.9 for three days in a row.
Support is at 418.3
to 416.3 and the 412.0 to 411.0 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 691.5 to
690.5 and the 683.5 to 680.5 region.
Resistance should appear near 707.5 to 708.5 and 714.5 to 717.0
Resistance
Support should appear near 5805 to 5782
and 5729 to 5716
August Unleaded Gas
Resistance should appear near
17310 to 17380 and 17740 to17800
Support should appear near 16960 to 16890 and 16550 to 16420
August Heating Oil
Resistance should appear near
16890 to 16960 and 17310 to 17380
Support should appear near 16550 to 16420 and 16150 to 16090
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 6592
to 6577 .. a slip under augurs for
a test of 6507 to 6482
Resistance is at 6657
to 6672 and 6742 to 6757
October Hogs
Recommended open position short at 5480
Support is 5852 and 5807 to 5792 region . Below that
a test of 5732 to 5717 is likely.
Resistance is at 5942 to 5957.. Above that sellers should appear near 6022
to 6037
BW
Traders should go short if a close under 5787 occurs
August
Pork Bellies
Resistance should
appear near 6657 to 6672 and 6742 to 6757
Support is
at 6512 to 6482 and the 6432 to 6417 region
August
Soybeans
Support
is at 717 to 714 1/2 and 708 3/4 to 707 1/2
Resistance should appear near
724 1/4 to 725 1/2 and the 741 1/4 to 742 3/4
November
Soybeans
Support
is at 725 1/2 to 724 1/4 and 717 to 714 1/2
Resistance should appear near 732 3/4 to 734 1/4 and 748 3/4 to 751
1/4
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 246 3/4 to 246 1/4 and 241 3/4 to 241 1/4
Resistance is at 251 1/4 to 251 3/4 and
255 3/4 to 256 3/4
Sept
Wheat
Resistance should appear near 349 1/.4 to 350 1/4
and 355 1/4 to 356 1/4
Support should appear near 342 1/4
then 338 3/4 to
337 3/4 and 332 3/4 to 331 3/4.
Sept
'The Monster' Coffee
Support should
appear near 10680 to 10580 and 10360 to 10320
Resistance should appear near 10960 to 11010 and 11300 to 11360
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 5140
to 5125 and 5070
to 5065
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
Thursday July 14th, 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.
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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