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Morning Comments Monday July 12th 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
July 11th , 2005
4:35 PM Eastern time
Open BW Positions
Support should appear near 10470 and
the 10360.00 to
10320.00 region .
Sept SP500
Recommended open position Long at
1217.50
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 2126 and 2089.00 to 2080.00
Resistance should appear near 2170 to 2185
Sept Mini Nasdaq 100
Recommended
open position Long at 1536.00
Resistance should appear near
1569.00 to 1576.00 .
Support is at 1535.00 to 1529.00
Sept Mini Russell 2000
Support
is at 667.3 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 9044 to
9060 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, a close under augurs for a test of
the 8777 to 8762 region.
Sept
Euro Currency (EC)
Support should appear at 12030 to 11975
and 11920
Resistance
should appear near 12175. BW Traders can sell at 12175 for a turn lower and hold for lower
prices.
Sept Swiss Franc
Resistance should appear near the 7836 to 7864 region .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
7763 and 7689 to
7675
Sept British Pound
Support should appear near 17310
and 17140
Resistance should appear near 17560 and 17740 to 17800.
BW Traders can sell at 17740 for a turn lower and risk a close over 17960 for
three days in a row.
Sept Canadian
Dollar
Recommended open position short at 8117
Support
should appear near 8223 to 8194
Resistance is at 8300 to 8314
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 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
Resistance should appear near 714.5 to 717.0
Resistance
Support should appear near 5880 to
5855 and 5805 to 5792
August Unleaded Gas
Resistance should appear near
17740 to17800 and 18080
to 18220
Support should appear near 17310 and 16960 to 16890 .
August Heating Oil
Resistance should appear near
17310 to 17380 and 17740 to 17800
Support should appear near 16550 to 16420 and 16150 TO 16090
The Lively Livestock
August
Cattle
Support should appear near 7777 to 7762
and the 7692 to 7672 region
Resistance is at 7937 and the 8027 to 8047
region.
August
Hogs
Recommended open position short
2 at 6817 avg
Support is at 6512
to 6482 and the 6432 to 6417 region.
Resistance is at 6577
to 6592 and the 6657 to 6672
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 to 6037 . .
BW
Traders should go short if a close under 5787 occurs
August
Pork Bellies
Resistance should
appear near 6162 to 6192 and the 6257 to 6272 region..
Beyond that sellers should appear near 6337 to 6352
Support is
at 6037 to 6022 and 5957 to 5942.. Below that a test of 5882 to 5852 is
likely.
The Grande’ Grains
August
Soybeans
Support
is at 683 3/4 to 680 3/4 then 675 1/2 to 674 3/4 and the 667 1/4 to
665 3/4 region.
Resistance should appear near 691
3/4 then 699 to 700 1/4 and the 707 1/2 to 708 3/4 region
November
Soybeans
Support
is at 691 3/4 to 690 3/4 and 683 3/4 to 680 3/4
Resistance should appear near 707 1/2 to 708 3/4
and the 714 1/2 to 717 region
Beyond that sellers should appear near 724 1/4 to 725 1/2
BW Traders should go short if a close under 680 ¼ occurs. .. Stay tuned for
updates
Dec
Soymeal
Support
should appear near 212.6 and 208.9 to 208. .Below that a test of 204.2
to 203.4 is likely.
Resistance should appear near 217 to
218.5 then 221.9
to 222.6 and 226.7
to 227.5
Dec Soybean Oil
Resistance should appear near 2519 and 2558
to 2568
Support should appear near 2469 to 2461
and 2419 to 2411
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
Recommended open position Short 331 1/2
Resistance should appear near
337 3/4 to 338 3/4 and 342 1/2 to 344 1/4 .
Support should appear near 332 3/4 to 331 3/4 and
the 327 to 326 1/4 region.
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 5490 then 5430
to 5415 and 5355 to 5345
Resistance should appear near 5555 to 5580 then 5640 to 5655 and
the 5715 to 5730 region
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
Monday July 11th, 2005
5:35 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
Long Sept SP500 1217.50
Long Sept Mini Nasdaq 1536
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
Short Sept Wheat 331 1/2