Economic
and Investment Trend Analysis - Socio Economics
Dow Jones - SP500 - Nasdaq - Russell 2000 - Treasuries - Forex - Precious Metals - Energy -
Livestock - Grains - Softs
Premier
Service - Platforms -
Quotes - Online
Signup - Bi-Weekly
Outlook Archives - Special
Reports - DIY
Index
FuturesCom
Investment Publications
Morning Comments Thursday July 21st 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 20th , 2005
3:00 PM Eastern time
Open BW Positions
The
Sensational Stock and Bond Markets
Dow Jones Industrial
Average
Resistance should
appear near 10680 then 10820 and 10960 to 11010.
Support should appear near 10630
and 10580 .
Below that buyers should appear near 10470
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 1232.00
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 667.30 to 665.90 and the
659.10 to 657.7 region.
Resistance
should appear near 674.3 to 675.50 and 680.90 to 683.60
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 8934 to
8964 and 9044 to
9060.
Support should appear near 8871 to 8856 and the 8777 to 8762 region.
Sept
Euro Currency (EC)
Recommended open position Short
at 12102
Support should appear at 12030 to
11920
Resistance should appear near 12102
and 12175.
Sept Swiss Franc
Recommended open postion short 7834
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 17350 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
Support
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 7486
to 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.
Trade Accordingly
Sept Copper
Support should appear near 15760 to
15690 and 15350 to
15290
Resistance
should appear near 160.90 to 161.50 and
the 164.20 to 165.50 region.
BW Traders should go short if a close under 152.80 occurs
Sept Silver
Support should appear near 691.5 to
690.5 and 683.5 to 680.5 ..
Resistance is at the 699 to 700.5 and the 707.5 to 708.5 region
The Exciting
Energies
Resistance should
appear near 5880 then 5945 to 5957 and 60223 to 6035
Support should
appear near 5805 to 5792 and the 5729 to 5716 region…
Sept Unleaded Gas
Resistance should appear near
16550 and 16890 to 16960 ..
Support should appear near 16150 to
16090 and the 15350 to 15290 region.
Sept 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
Support should appear near 8137 to
8117 and 8037 to
8022 , a close under is negative and augurs for a test of 7867 to 7837
Resistance
is at 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
Support is at 6672
to 6657 and the 6592 to 6577
region.
Resistance is at
6757 then 6807 to 6837 and
the 6907 to 6922 region
October Hogs
Recommended
open position short 3 at 5695 avg
Support is 5807 to 5792 and 5732 to 5717
Resistance is at 5882 then 5942 to 5957
and the 6022 to 6037 region. ..
BW Traders should go short if a close under 5637 occurs
August
Pork Bellies
Support
should
appear near 6757 to 6742 and 6672 to 6657 .. .
Resistance
is
at 6907 to 6922 and 6987 to 7002
The Grande’ Grains
November Soybeans
Support
at 683
3/4 to 680 3/4 and the 667 1/4 to 665 3/4 region ..
Resistance
should appear near 699 to 700 1/2 and 714 1/2 to 717 .
Dec
Soymeal
Support should appear near
213.4 to 212.6 and 208.9 to 208
Resistance should appear near 217 to 21.5 and 221.9 to 222.6
Dec Soybean Oil
Recommended open position short at 2474
Resistance should appear near 2511
to 2519 and 2558 to 2568
Support
should appear near 2469 to 2461 and the 2419 to 2411 region. . A close under
is negative and augurs for a test of 2370 to 2354
Dec
Corn
Resistance should appear near
261 1/4 to 262 .and 266 1/4 to 267 1/4
Support is at 256 3/4 to 255 3/4
and 246 3./4 to 246 1/4
Resistance should appear near
355 1/4 top 356 1/4 and 361 1/43 to 362 1/4 .....
Support should appear near 350 1/4 to 349 1/4
The Satisfying Softs
Sept
'The Monster' Coffee
Support should
appear near 9545 to 9525 and the
9345 to 9315 region.
Resistance should appear near 9705 to 9735 and 9925 to 9935
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
and 912 to 907
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
Support
should appear near 4925 to 4915 and
the 4855 to 4845 region .
Resistance should appear near 5055 to 5065 and 5125 to 5140
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 20th, 2005
4:00 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 12102
Short Sept Swiss Francs 7834
Short Sept Aussie Dollar 7486
Short August Gold 423.6
Short 3 Oct Hogs 5695 avg
Short December Soybean Oil 2474