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FuturesCom Investment Publications
 Morning Comments Friday August 5th, 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 

“A loss never bothers me after I take it.   I forget it overnight.  But being wrong--
not taking the loss-  that is what does the damage to the pocket book and to the soul."
  --  Jesse Livermore --

 

Thursday August 4th,  2005
3:30  PM  Eastern time   
 Open BW Positions                         

                                                                        

                                            The Sensational Stock and Bond Markets  


Dow Jones Industrial Average
Resistance should appear near 10630 to 10680 
Support should appear near 10580 and 10470

Sept SP500
Recommended open position Long 1239.70
Support should appear near 1235  to 1232 and the 1203 to 1192.00 region
BW Traders can buy at 1217.60 for a good bounce and hold for higher prices  

Resistance should appear near 1238 and 1268 to 1274
Aggressive BW Traders should go long if a close over 1253.10 occurs  

Nasdaq Composite
Support should appear near 2185 to 2170 and 2134 to 2126 
Resistance should appear near the 2219 to 2226 region 

Sept Mini Nasdaq 100
Resistance should appear near the 1642 to 1655 region
Support is at  1615 to 1609 and the 1576 to 1569 region  BW Traders can buy at 1577 and hold for higher prices., risk close 
under 1527 for three days in a row,   

Sept Mini Russell 2000
Recommended Open Position Long 2 at 682.20
Support is at 683.6 to 680.90 and 675.50 to 674.30. 
BW  Traders can buy at 675.60 and risk a close under 665.2 for three days in a row.
Resistance should appear near 690.6 to 691.90 and the 699.00 to 700.30 region..

Sept 10 Year T-Note  
Resistance should appear near 111-07.. Beyond that sellers should appear near 111-22 and 112-07 
Support  at  110-22 and 110-07  below that buyers should appear near 109-22 and 109-12

Sept 30 Yr   T-Bond 
Resistance should appear near 115-07 and 115-21.
Support  is  at 114-21. below that  buyers should appear near 114-07 and 113-21.


                                                                         The Frenzied Forex Front

 

Sept  Yen
Resistance should appear near 9044 to 9060 and the 9140 to 9156 region. .
Support should appear near 8964 to 8934 and 8871 to 8856
BW Traders should go short if a close under 8931 occurs

Sept Euro Currency (EC)
 Support should appear at 12380 to 12320  
Resistance should appear near 12455 and 12530

Sept Swiss Franc
Recommended Open Position Short 7834
Resistance should appear near 8029 to 8044
Support should appear near  7954 to 7939

Sept British Pound
 Recommended open position Short at 17740
Support should appear near 17740 and 17560 
Resistance should appear near 17800 and 17940 

Sept  Canadian Dollar
Support should appear near 8223 to 8194 and 8134 to 8119
Resistance should appear near 8300 to 8314  and the 8391 to 8406 region.  
BW Traders can sell at  8300 and risk a close over 8319 for three days in a row.
 
Sept Aussie Dollar
Resistance should appear near 7763 to 7777
Support should appear near the 7601 to 7587 


                                                  Precious Metals
Dec Gold
Recommended open position short 2 at 435.8
Resistance should appear at  444.6 and 450.3 to 451.4
Support is at  438.1 to 437.0  

Sept Copper
Support should appear near  16420 and 16150 to 16090 
Resistance should appear near 16890 to 16960  

Sept Silver 
Support should appear near 717.0 to 714.5 and 700.5 to 699.0 .
Resistance is at the 724.5 to 725.5 and 732.5 to 734.5.. Beyond that sellers should appear near 741.5 to 743.0 and the 748.5 to 751.5 region. Which should cap a rally ..BW   Traders can sell at 741.0 and risk a close over 754.5 for three days in a row.

The Exciting Energies

Sept Crude Oil
Resistance should appear near  6165 to 6190 .and 6257 to 6270
Support should appear near 6113 to 6101 and 6035 to 6023..…

Sept Unleaded Gas 
Resistance should appear near 18080 to 18220 and 18580 to 18650. 
Support should appear near  17800 to 17740 and 17380 to 17310

Sept Heating Oil
Resistance should appear near  17310 to 17380 and 17740 to 17800 
Support should appear near  16960 to 16890  and 16550 to 16420

Trade Accordingly

 

The Lively Livestock  

October  Cattle
Recommended Open Position Short 8297
Support should appear near 8137 to 8122 and 8047 to 8027
Resistance is at 8197 to 8222 and 8302 to 8317  .

October Hogs
Recommended open position short 2 at 5937 avg
Support is 5957 to 5942 and 5882 to 5857 . 
Resistance should appear near 6022 to 6037 and 6102 to 6112. 

February Pork Bellies
Resistance should appear near 8557 to 8592 and 8667 to 8682
Support  is at  8407 to 8392 and 8317 to 8302   .


                                          The Grande’ Grains

November Soybeans
Resistance at 683 3/4 and 690 3/4 to 691 3/4 . 
Support should appear near 675 1/2 to 674 1/4 and the 667 1/2 to 665 3/4 region 

Dec Soymeal
 Recommended open position short at 216.9
Support should appear near 208.9 to 208 and the 199.6 to 198.2 region 
Resistance should appear near 212.6 to 213.4 and 217 to 218.5  
Trade Accordingly

Dec  Soybean Oil
 Recommended open position Short at 2449
Resistance should appear near  2461 to 2469 and 2511 to 2519
Support should appear near the 2419 to 2411 and 2370 to 2354

Dec Corn
Resistance should appear near 241 1/4 to 241 3/4 and 246 to 246 3/4. 
Support is at 237  to 235 1/2 and the 232 1/4 to 231 1/2 region 

Dec 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


                                                             The Satisfying Softs  

Sept 'The Monster' Coffee
Support  should appear near 10580 and 10360 to 10320 ..
Resistance should appear near 10680 and 10820. 

Sept Cocoa
Support is at 1459 to 1453 1421 to 1415
Resistance is at 1484 to 1496 and 1529 to 1535 .

Oct Sugar
Support should appear near 1005 to 1000 
Resistance should appear near 1032 to 1036 

Dec Cotton
Support should appear near 5210 to 5200 a close under is negative and augurs for a test of  5070 to 5055
Resistance should appear near 5255 to 5285 and  5345 to 5355 .. Beyond that sellers should appear near 5415 to 5430 .. 
BW Traders should go short if a close under 5190 occurs..

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  August 4th , 2005
4:15  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 8-4-2005
Long Sept SP500 1239.70
Long 2 Sept Mini Russell 682.20
Short Sept Swiss Francs 7834 
Short Sept British Pounds 17740 
Short 2 Dec  Gold 435.8
Short Oct Cattle 8297
Short 2  Oct Hogs 5937 avg
Short Dec Soybean Meal 216.9
Short Dec Soybean Oil 2449