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FuturesCom Investment Publications
Morning Comments  Tuesday July 19th  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 18th ,  2005
4:15  PM  Eastern time   
Open BW Positions                         

 

                                                                            The Sensational Stock and Bond Markets  

Dow Jones Industrial Average
Resistance
should appear near 10580 to 10630 and 10680 .
Support
should appear near  10470.. Below that buyers should appear near 10360 to 10320

Sept SP500
Support
should appear near 1217.50 and the 1203 to 1192.00 region
BW Traders can buy at 1203.10 for a good bounce and hold for higher prices  

Resistance
should appear near 1232 to 1238 and 1268 to 1274
Aggressive  BW Traders should go long if a close over 1238.10 occurs

Nasdaq Composite
Support
should appear near 2134 to 2126 
Resistance should appear near 2170 to 2185

Sept Mini Nasdaq 100
Resistance
should appear near 1609 to 1615 and the 1642 to 1655 region
Support is at 1576 to 1569 and 1535 to 1529 . BW Traders can buy at 1536 and hold for higher prices .
Risk close under  1481 for three days in a row,   

Sept Mini Russell 2000
Support
is at 659.10 to 657.7 and the 650.9 to 648.30 region...Below that buyers should appear near 643.00 to 641.70 .
BW. Traders can buy at 651.10 and risk a close under 640.9 for three days in a row.
Resistance should appear near 665.90 to 667.30 and 674.3 to 675.50  .

Sept 10 Year T-Note  
Resistance should appear near 112-07 and 112-22 
Support  at  111-07 and 110-22.

Sept 30 Yr   T-Bond 
Resistance
should appear near 116-07 and 116-21.
Support  is  at 115-21 then  115-07 and 114-21.

                                                                                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 and 8871 to 8856 

Sept Euro Currency (EC)
Recommended open position Short at 12102
Support
should appear at 12030 to 11920 
Resistance
should appear near 12102 and  12175...Beyond that sellers should appear near 12247 and 12320 to 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 7763 to 7777 and the 7836 to 7864 region .BW Traders can sell at 7834 for a turn lower and risk a close over 7957  for three days in a row 
Support
should appear near 7689 to 7675  below that a trade towards the 7601 to 7587 region is likely
BW Traders should go short if a close under 7722 occurs

Sept British Pound
Support
should appear near 17380 to 17320 and the 16960 to 16890  region
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
S
upport should appear near 8223 to 8194
Resistance is at  8300 to 8314 region.

Sept Aussie Dollar
Recommended open position short at 7486
Resistance
should appear near  7513 and the 7587 to 7601 region . 
Support should appear near the  7428 to 7414 , a close under augurs for a test of 7342 to 7328   
BW Traders should go short if a close under 7411 occurs

                                                                                                    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 , a slip under augurs for a test of 412.0 to 411.0 region. 
BW  Traders should go short if a close under 415.9 occurs.

Trade Accordingly

Sept Copper
Support
should appear near 15350 to 15290
Resistance should appear near 15690 to 15760 and 160.90 to 161.50  
BW Traders should go short if a close under 152.80 occurs

Sept Silver 
Support
should appear near 691.5 to 690.5 then 683.5 to 680.5 and the 667.5 to 665.5 .region ..
Resistance is at the 707.5 to 708.5 region .Beyond that 714.5 to 717.0 should cap a rally

The Exciting Energies

Sept Crude Oil
Resistance
should appear near 5855 to 5880 and 5945 to 5957
Support
should appear near 5805 to 5792 and the 5729 to 5716 region… A close under is negative and augurs for a test of 5577 to 5553.

Sept Unleaded Gas 
Re
sistance should appear near 16420 to 16550 and 16890 to 16960 .. 
Support
should appear near 16150 to 16090 and the 15350 to 15290 region.

Sept Heating Oil
Re
sistance should appear near 16890 to 16960 and 17310 to 17380
Support should appear near 16550 to 16420 and 16150 to 16090 ..

                                                           The Lively Livestock 
 

 October  Cattle
Support
should appear near 8037 to 8022 , a close under is negative and augurs for a test of 7867 to 7837
Resistance is at  8117 to 8137    Beyond that sellers should appear ear 8192 to 8222 and 8297 to 8317.BW. Traders can sell at 
8297 and risk a close over 8427 for three days in a row    

BW Traders should go short if a close under 8017 occurs.

August Hogs
Recommended open position short at 6902
Support
is at  6672 to 6657 and 6592 to 6577
Resistance is
at 6742 to 6757 ..Beyond that sellers should appear near 6807 to 6837 . 

October Hogs
Recommended open position short 2 at 5617 avg
Support
is 5732 to 5717 and 5652 to 5637 
Resistance is at 5807.. Beyond that sellers should appear near the 5852 to 5882 and the 5942 to 5957 region ..


BW Traders should go short if a close under 5637 occurs

August Pork Bellies
Resistance
should appear near 6657 to 6672 and 6742 to 6757 .. .
Support is at 6592 to 6577 and 6512 to 6482  . 

                                        The Grande’ Grains 
November Soybeans
Resistance
at 732 3/4  to 734 1/2 and the 741 1/2 to 742 3/4 ..
Support should appear near 717 to 714 1.2 and 700 1/4 to 699 .

Dec Soymeal
Support should appear near  222.6 to 221.9  and  218.5 to 217.0 
Resistance
should appear near 226.7 to 227.5 and 231.5 to 232.2 

Dec  Soybean Oil

Resistance should appear near 2612 to 2620 and the 2663 to 2672 region . Which should cap a rally 
Support should appear near 2568 to 2558 and the 2519 to 2511 region. . A close under is negative and augurs for a test of 2370 to 2354 
BW Traders should go short if a close under 2507 occurs

Dec Corn
Resistance should appear near 271 3/4  to 272 1/2 and 282 to 282 3/4 which should cap a rally..
Support is at  267 1/4 to 266 1/2 and the 262 to 261 1/4 region.

Dec Wheat
Resistance should appear near 368 1/4 and 373 1/2 to 374 3/4 .....
Support should appear near 362 1/4 to 361 1/4  and 350 1/4 to 349 1/4

                                                                                                    The Satisfying Softs  

Sept 'The Monster' Coffee
Support  
should appear near 9935 to 9920  and  9545 to 9525
Resistance should appear near 10320 to 10360

Sept Cocoa
Support
is at 1421 to 1415 and 1383 to 1377 
Resistance is at 1453 to 1459 and 1484 to 1496.

Oct Sugar
Support
should appear near 941 to 932
Resistance should appear near 968 to 972.. Beyond that sellers should appear near  1000 to 1005.. 
BW Traders can sell at 967 and Hold for lower prices..

Dec Cotton
S
upport should appear near 5070 to 5055 and the 4925 to 4915  region. 
Resistance should appear near 5200 to 5210 and 5255 to 5285
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 18th, 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 7-18-2005
Short Sept EC 12102 
Short Sept Aussie Dollar 7486
Short August Gold 423.6

Short August Hog 6902 
Short 2 Oct Hogs 5617 avg