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Morning Comments Thursday August 11th, 2005
Serving
Professional and Individual Traders World Wide since 1988
1650
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The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should
appear near 10630 to 10680
Support should appear near 10580 then
10525 and 10470
Sept SP500
Recommended
open position Long 1239.70
Support should appear near 1217.50
and the 1203.00 to 1192.00 region
BW Traders can buy at 1217.60 for a good bounce and hold for higher prices
Resistance should appear near 1235.00
to 1238.00 and 1253.00
Aggressive BW Traders should go long if a close over 1253.10 occurs
Nasdaq
Composite
Support should appear near 2134 to 2126
Resistance should appear near 2170 to 2185
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 675.60
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
Support is
at 113-21 and 113-07
The
Frenzied Forex Front
Sept
Yen
Resistance
should appear near 9140 to 9156 .
Support should appear near 9060 to 9044
Sept
Euro Currency (EC)
Support should appear at 12380 to 12350
and 12320
Resistance should appear near 12455
and 12530
Sept Swiss Franc
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 17800 to 17740 and 17560
Resistance should appear near 17940 and 18080 to 18220
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
Sept Aussie Dollar
Resistance
should appear near the 7675 to
7689 region
Support
should appear near 7601 to 7587
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 16150
to 16090
Resistance should appear near 16420 to
16550
Support should appear near 709
to 707.5 and 683.5 to 680.5
Resistance is at the 714.5 to 717.0
The Exciting
Energies
Sept
Crude Oil
Resistance should
appear near 6577 to 6591 and 6659 to 6673
Support should appear near 6430 to
6417 and 6270 to
6257 ..…
Sept Unleaded Gas
Resistance should appear near
19020 to 19090.and 20340 to 20420
Support
should appear near 18220
to 18080 and 17380 to 17310
Resistance should appear near 18580
to 18650 and 19020 to 19090
Support
should appear near 18220 to 18080
and 17380 to
17310
Trade Accordingly
The Lively Livestock
October
Cattle
Support
should appear near 8047 to 8027
and 7867 to 7837
Resistance is at 8117 to 8137 and 8197 to 8222 .
October Hogs
Recommended open position short 6022
Support is 5807 to 5792 then 5732 to 5717 and the 5642 to
5637 region .
Resistance should appear near
5852 to 5882 and the 5942 to 5957 region
February
Pork Bellies
Resistance should
appear near 8197 to 8222 and 8302 to 8317
Support is at 8137 to 8117 and 8047 to 8027
The Grande’ Grains
November
Soybeans
Resistance at 657
3/4 to 659 1/4 and the 665 3/4 to 667 1/4 region .
Dec Soymeal
Support should appear near 204.2 to
203.4 and the 199.6 to 198.2 region
Resistance should appear near 208.0
to 208.9 and the 217 to 218.5
Trade
Accordingly
Dec
Soybean Oil
Resistance
should appear near 2315 to 2322 and 2354 to 2370
Support should appear near the 2275
to 2267 and 2267 to 2219
Dec
Corn
Resistance should appear near 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 and 10135 to 10105
Resistance should appear near 10580 to 10680 and the 10960 to 11010
region
Sept
Cocoa
Support is at 1383 to 1377 and 1310 to
1304
BW Traders can buy at 1311 and risk a close under 1264 for three days in a row
Resistance is at 1415 to 1421 and 1453 to 1459 .
Oct
Sugar
Support should appear near 972 to 968
Resistance should appear near 1000 to 1005
Dec Cotton
Recommended Open Position Short at 5170
Support
should appear near 4995 to 4970 and
the 4930 to 4915 region
Resistance should appear near 5055 to 5070 and the 5125 to 5140 region
..
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 August 10th , 2005
4:55 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 Sept Mini Russell 675.6
Short Sept British Pounds 17740
Short 2 Dec Gold 435.8
Short Oct Hogs 6022
Short Dec Cotton 5170