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Morning Comments Monday August 22nd, 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
Saturday
August 20, 2005
10:00 PM Eastern time
Open BW Positions
" We can easily forgive a child who is afraid of the
dark.
The real tragedy of life is when men are afraid of the light "
- Plato -
The
Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should
appear near 10580 to 10680 .
Support should appear near 10470 and
10360 to 10320
Sept
SP500
Recommended
open position Long 2 at 1238.70 avg
Support should appear near 1217.50 and 1203.00 to 1192.00
Resistance should appear near 1232.00 to 1238.00
Nasdaq
Composite
Support should appear near 2134 to
2126
Resistance should appear near 2170 to 2185
Sept Mini Nasdaq 100
Recommended Open Position Long at 1577
Resistance should appear near 1609.00
to 1615.00
Support is at 1576.00 to 1569.00
Sept Mini Russell 2000
Recommended
Open Position Long at 675.6
Support is at 650.9 to 648.30.and
643 to 641.7
Resistance
should appear near 657.70 to 659.10 and 665.90 to 667.30
Sept 10 Year T-Note
Resistance
should appear near 111-22 and
112-07
Support
at 111-07 and 110-22
Sept
30 Yr T-Bond
Resistance should appear near
116-22 and 117-07
Support is
at 116-07
and 115-22..
The
Frenzied Forex Front
Sept
Yen
Resistance should appear near 9140 to
9156
Support should appear near 9060 to 9044
Trade accordingly .
Sept
Euro Currency (EC)
Support should appear at 12175 then
12102 and the 12030 to 11920 region
Resistance should appear near 12247and
12320 to
12380
Sept Swiss Franc
Recommended open Position Short at 7990
Resistance should appear near 7901
and 7939 to 7954
Support should appear near 7864 to 7836
and 7807
Sept British Pound
Support should appear near 17800 to
17740
Resistance should appear near 18080 to 18220
Sept Canadian
Dollar
Support
should appear near 8223 to 8194
Resistance is at 8300 to 8314
Sept Aussie Dollar
Resistance should appear near 7513 and
7587 to
7601
Support should appear near 7486 and 7428 to 7414
Precious
Metals
Dec Gold
Recommended
open Position Short 2 at 435.8
Resistance should appear at
442.5 to 444.6 and 450.4 to 451.4
Support is at 438.1 to 437.0
and 431.5 to 430.4
Support
Resistance should appear near the
16420 to 16550 region
Dec Silver
Support should appear near 700.5
to 699.0 and 692 to
690.5
Resistance is at 714.5 to 717.0
The Exciting
Energies
Resistance
should
appear near 6659 to 6673 and 6743 to 6755
Support should appear near the 6509
to 6483 and 6350 to 6335
Oct Unleaded Gas
Resistance should appear near
18220 and the 18580 to 18650
Support should appear near 17800 to 17740
and the 17380 to 17310 region
Oct Heating Oil
Resistance should appear near 18580 to 18650 and
19020 to 19090
Support should appear near
18220 to 18080 and 17800 to 17740
The Lively Livestock
October
Cattle
Recommended Open
Position Short at 8117
Support should appear near 8137 to
8117 and 8047 to
8027
Resistance is at 8222 then 8302
to 8317and the 8392 to 8407 region
October Hogs
Recommended open positions Short at 2 at 6112 avg
Support is 6192 to 6167 and 6112
Resistance is at 6257 to 6272
and 6337 to 6352
Stay tuned for Flashes and Updates
Recommended open Spread : Short Oct / long Dec at 140
February
Pork Bellies
Resistance should
appear near 8392 to 8407 and 8482 to 8502 .
Support is at 8317 to 8302 and 8222 to 8192
Resistance at 610
1/4 to 611 1/4 and 616 1/2 to 619
Support
should appear near 603 1/2 to 602 1/4 and the 595 3/4 to 594 1/2 region
Dec
Soymeal
Recommended open position Short at 193.4
Support should appear near 186.5 to 185.8.and
the 18220 to 18080 region
Resistance should appear near 19020
to 19090 and 194.6
to 195.3 .
Dec
Soybean Oil
Resistance should appear near 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 position Short 2 at 336 1/2 avg
Resistance should appear near 342 1/2 to 344 1/4
349 1/4 to 350 1/4.
Support should appear near 338 3/4 to 337 3/4 and the 332 3/4 to 331 3/4
region. .
The Satisfying Softs
Dec
'The Monster' Coffee
Support should
appear near 9935 to 9920 and the
9735 to 9705 region. ..
Below that 9545 to 9525 should contain a decline
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
Dec
Support is at 1383 to 1377 and the 1346 to 1334 region. BW Traders can buy at 1346 for
a bounce 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 941 to 932
Resistance should appear near 972 and 1000 to 1005
Dec Cotton
Recommended open position Short at 4795
Support
should appear near 4855 to 4845
and 4875 to 4775
Resistance should appear near 4915 to 4925 and 5055 to 5070
BW Traders can sell at 5045 and risk a close over 5230 for three days in a
row.
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
Saturday August 20th , 2005
11:25 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 8-16-2005
Long Sept 2 SP500 1238.70 avg
Long Sept Mini Nasdaq 1577
Long Sept Mini Russell 675.6
Short 2 Dec Gold 435.8
Short Sept Swiss Francs 7990
Short 2 Oct Hogs 6112 avg
Spread Short Oct / Long Dec Hogs 140
Short Dec Wheat 331
Short Dec Cotton 4795