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Morning Comments Monday August 8th, 2005
Serving
Professional and Individual Traders World Wide since 1988
1650
SW Malmo Rd , Port St. Lucie , Florida 34953 - USA and Canada Toll Free :
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The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should
appear near 10580 to 10630
Support should appear near 10525 and 10470
Sept SP500
Recommended
open position Long 1239.70
Support should appear near 1217.50
and 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 1232 to 1238
Aggressive BW Traders should go long if a close over 1253.10 occurs
Nasdaq
Composite
Support should appear near 2170 and 2134 to 2126
Resistance should appear near the 2185 and 2202
Resistance
Support is at 1576 to 1569 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 659.10 to 657.70 and
650.90 to 648.30 .
Resistance
should appear near 665.90 to 667.30 and 674.30 to 675.50..
Sept 10 Year T-Note
Resistance
should appear near 110-07 and 110-22
Support
at 109-22 and 109-12
Resistance
Support is
at 113-21 and 113-07
The
Frenzied Forex Front
Sept
Yen
Resistance
should appear near 8964 and 9044 to
9060 . .
Support should appear near 8934 and the 8871 to 8856 region
BW Traders should go short if a close under 8931 occurs
Sept
Euro Currency (EC)
Support should appear at 12350 to 12320
Resistance should appear near 12380
and 12455
Sept Swiss Franc
Recommended Open Position Short 7834
Resistance should appear near 7939
to 7954 and 8029
to 8044
Support
should appear near 7864 to
7836 and 7777 to 7763
BW Traders should go short if a close under 7759 occurs.
Sept British Pound
Recommended open position Short at 17740
Support should appear near 17560 and 17380 to 17310
Resistance should appear near 17740 to 17800 and 17940
Sept
Canadian Dollar
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.
Support
should appear near 8223 to 8194 and
8134 to 8119
BW Traders should go short if a close under 81214 occurs
Sept Aussie Dollar
Resistance
should appear near 7675 to 7689 and 7763
to 7777
Support
should appear near the 7601 to 7587 and 7513
to 7486
BW Traders should go short if a close under 7483 occurs.
Precious
Metals
Dec Gold
Recommended
open position short 2 at 435.8
Resistance should appear at
442.50 to 444.6 and
450.3 to 451.4
Support is at 438.1 to 437.0 and
431.5 to 430.4
Sept
Copper
Support should appear near 16420
and 16150 to
16090
Resistance should appear near 16890 to
16960
Support should appear near 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
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 6257 to 6270 and 6337 to 6350
Support should appear near 6190 to
6165 and 6113 to
6101..…
Sept Unleaded Gas
Resistance should appear near
18580 to 18650 and 19020 to 19090.
Support
should appear near
18220 to 18080 and 17800 to 17740
Resistance should appear near 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 6037 to 6022 and 5957 to 5942 .
Resistance should appear near 6102 to 6112.and
6162 to 6192
February
Pork Bellies
Resistance should
appear near 8482 to 8502 and 8557 to 8592
Support is at 8392 and 8317 to 8302 .
The Grande’ Grains
November
Soybeans
Resistance at 674
1/4 to 675 1/2 and 680 3/4 to 683
3/4 .
Dec Soymeal
Support should appear near 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
Resistance
should appear near 2411 to 2419 and 2461 to 2469
Support should appear near the 2370 to 2354
and 2322 to 2315
Dec
Corn
Resistance should appear near
235 1/2 to 237 and 241 1/4 to 241 3/4
Support is at 232 1/4 to 231 1/2
and 227 1/2 to 226 3/4
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 327 to 326 1/4
The
Satisfying Softs
Sept
'The Monster' Coffee
Support should
appear near 10360 to 10320 ..
Resistance should appear near 10580 to 10680
Sept
Cocoa
Support is at
1453 and 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
Recommended Open Position Short at 5170
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
..
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
Suinday August 7th , 2005
7:15 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
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 Cotton 5170