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Morning Comments Tuesday August 16th, 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 10680 and 10820 .
Support should appear near 10630 to 10580 and
10470..
Sept
SP500
Recommended
open position Long 2 at 1238.70 avg
Support should appear near
1232.00 and 1217.50
Resistance should appear near 1238 and 1253.00
Nasdaq
Composite
Support should appear near 2134 to
2126 and 2089 to 2088
Resistance should appear near 2170 to 2185 and the 2219 to 2226 region
Sept Mini Nasdaq 100
Resistance should appear near 1609.00
to 1615.00 and the 1642.00 to
1655.00 region
Support is at 1576 to 1569 and 1535 to 1529 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 at 675.6
Support is at 659.10
to 657.7 and the 650.9 to 648.30 region..
Resistance
should appear near 667.30 then 674.3 to 675.50 and the
680.90 to 683.60 region
Sept 10 Year T-Note
Resistance
should appear near 111-07 and
111-22.
Support
at 110-22 and 110-07
Sept
30 Yr T-Bond
Resistance should appear near 116-07.
and 116-22.
Support is
at 115-07
and 114-21..
The
Frenzied Forex Front
Sept
Yen
Resistance should appear near 9237
and the 9316 to 9347 region.. Beyond that sellers should appear near 9429 to
9445 and cap a rally .. BW Traders
can sell at 9429 and risk a close over 9452 for three days in a row.
Support should appear near 9156 to 9140 , a close under augurs for a test
of the 9060 to 9044
Trade accordingly .
Sept
Euro Currency (EC)
Support should appear at 12380 to
12320 and 12175.
Resistance should appear near 12530
and the 12680 to 12740 region
Sept Swiss Franc
Recommended open Position Short at 7990
Resistance should appear near 8029 to
8044 and 8119 to 8134..
Support should appear near 7954 to
7939 and the 7864 to 7836 region
Sept British Pound
Support should appear near 17800 to
17740
Resistance should appear near 18150 to 18220
Sept Canadian
Dollar
Support
should appear near 8314 to 8300 and
8223 to 8194
Resistance is at 8391 to 8406
and the 8484 to 8499 region
Sept Aussie Dollar
Resistance should appear near 7675 to
7689 and 7763 to 7777
Support should appear near 7601 to 7587 and 7513 to 7486
Precious
Metals
Dec Gold
Recommended
open Position Short 2 at 435.8
Resistance should appear at 450.3
to 451.4 and 457.1 to 458.2
Support is at 444.6 to 442.5
and 438.1 to 437.0
Support
Resistance should appear near 16890 to
169860 and the 17740 to 17800 region.
Dec Silver
Support should appear near
700.5 to 699.0 and and 692.0 to 690.5
Resistance is at the 714.0 to 717.5 and 732.5 to 734.5 ..
The Exciting
Energies
Resistance
should
appear near 6743 to 6755 and 6809 to 6836
Support should appear near the 6673 to
6659 and 6591 to 6577
Oct Unleaded Gas
Resistance should appear near
19020 to 19090 and 20340 to 20420.
Support should appear near 18220 to
18080 and 17800 to 17740 .
Oct Heating Oil
Resistance should appear near
19460 to 19530 and 19820 to 19950
Support should appear near 18650 to
18580 and 18220 to 18080
The Lively Livestock
October
Cattle
Support should appear near 7957 to
7932 and the 7867 to 7837
Resistance is at 8027
to 8047 and the 8117 to 8137
region.. BW Traders can sell at 8117 for a turn lower and risk a close over 8232
for three days in a row,
BW Traders should go short if a close under 7927 occurs.
October Hogs
Recommended open postions Short at 5942
Support is 5957 to 5942 and 5882 to 5857
Resistance is at the 6102
to 6112 and the 6162 to 6192 region.
Stay tuned for Flashes and Updates
Recommended open Spread : Short Oct / long Dec at 140
February
Pork Bellies
Resistance should
appear near 8557 to 8587 and
the 8667 to 8682 region.
Support is at 8502 to 8482 and 8407 to 8392
Resistance at 625
3/4 to 627 and 633 3/4 to 635
Support
should appear near 619 to 616 1/2 and
the 603 1/2 to 602 1/4 region.
Dec
Soymeal
Recommended open npostion Short at 193.4
Support should appear near 190.9 to
190.2 and 186.5 to 185.8.
Resistance should appear near 194.6
to 195.3 and 198.2 to 199.6.
Dec
Soybean Oil
Resistance should appear near e
2267 to 2275 and 2315 to 2322 .
Support should
appear near 2226
to 2219 and 2185 to 2170 .
Resistance should appear near
226 3/4 to 227 1/2 and 231 1/2 to 232 1/4 .
Support is
at 222 3/4 to 221 3/4 and the 218 ½ to 217 region .
Dec
Wheat
Recommended
Open postion Short at 331
Resistance should appear near 332
3/4 and 337 3/4 to 338 3/4 .. beyond that sellers should appear near 342
1/2 to 344 1/4
BW Traders can sell at 342
1/4 for a turn lower and risk a close over 351 1/4 for
three days in a row.
Support should appear near 327 to 326 1/4 and the 321 1/4 to 319 1/2
region. .
The Satisfying Softs
Dec
'The Monster' Coffee
Support should
appear near 9935 to 9920 and
9735 to 9705
BW Traders Who sleep on a bed of Nails can buy at 9735 and hold for
higher prices..
Resistance should appear near 10105 to 10135 and 10320 to
10360
Well Heeled BW raders should go long if a close over 11020 occurs
Dec
Support is at 1346 to 1334 and the 1310 to 1304 region... which should
contain a decline. .
BW Traders can buy at 1346 for a bounce and risk a close under 1264 for three
days in a row.
Resistance is at 1377 to 1383 and 1415 to 1421
Oct Sugar
Support should appear near 972 to 968
Resistance should appear near 1000 to 1005.
Dec Cotton
Recommended open position Short at 4795
Support
should appear near 4725 to 4695
and the 4650 to 4635 region.
Resistance should appear near 4845 to 4855 and 4915 to 4925 ..
..
Aggressive Traders should go short
if a close under 4840 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
Monday August 15th , 2005
4:15 PM
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 8-15-2005
Long Sept 2 SP500 1238.70 avg
Long Sept Mini Russell 675.6
Short 2 Dec Gold 435.8
Short Sept Swiss Francs 7990
Short Oct Hogs 5942
Spread Short Oct / Long Dec Hogs 140
Short Dec Wheat 331
Short Dec Cotton 4795