Economic and Investment Trend Analysis

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FuturesCom Investment Publications
Morning Comments Tuesday August 30, 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

"What the Wise do in the Beginning, Fools do in the End."
Warren Buffett

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10580.00 to 10680.00.
Support should appear near 10360.00 to 10320.00..

Sept SP500
Recommended open position Long 2 at 1238.70
Support should appear near the 1203.00 to 1192.00 region.
Resistance should appear near 1217.50 and the 1232.00 to 1238.00 region.

Nasdaq Composite
Support should appear near 2134 to 2126
Resistance should appear near 2170 to 2185

Sept Mini Nasdaq 100
Recommended open postion Long at 1577
Resistance should appear near 1576.00, a close over is friendly and augurs for a test of 1609 to 1615
Support is at 1535.00 to 1529.00

Sept Mini Russell 2000
Recommended Open Position Long at 675.6
Support is at 650.90 to 648.30 and 643.00 to 641.70
Resistance should appear near 657.70 to 659.10..Beyond that a trade to 665.90 to 667.30 is likely.

December 10 Year T-Note
Resistance should appear near 111-07 and 111-22.
Support at 110-22 and 110-07

December 30 Yr T-Bond
Resistance should appear near 116-22 and 117-07.
Support is at 116-07 , failure there augurs for a test of 115-22 and the 115-07 to 114-21 region

The Frenzied Forex Front

Sept Yen
Recommended Open Position Short 9100
Resistance should appear near 9100 and 9140 to 9156
Support should appear near 8964 to 8934 .

Trade accordingly .

Sept Euro Currency (EC)
Recommended open postion Short at 12320
Support should appear at 12175.and the 12030 to 11920 region.
Resistance should appear near 12247 and 12320 to 12380.

Sept Swiss Franc
Recommended Open position Short at 7990
Resistance should appear near 7939 to 7954
Support should appear near the 7864 to 7836 region

Sept British Pound
Support should appear near 17940 and the 17800 to 17740 region
Resistance should appear near 18080 to 18220...

Traders should go short if a close under 17938 occurs

Sept Canadian Dollar
Support should appear near 8314 to 8300
Resistance is at 8391 to 8406

Sept Aussie Dollar
Support should appear near 7513 to 7486 and the 7414 to 7428 region.
Resistance should appear near 7587 to 7601 and the 7675 to 7689 region
BW Traders can sell for a turn lower at 7584 and hold for lower prices..

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 .. below that a test of 431.50 to 430.4 is likely.

Dec Copper
Support should appear near 16150 to 16090
Resistance should appear near 16420 to 16550

Dec Silver
Support should appear near 680.5 below that a test of 667.3 to 665.5 is likely.
Resistance is at the 690.5 to 691.5 . Beyond that sellers should appear near 699.0 to 700.5 and the 714.5 to 717.0 region.

The Exciting Energies

Oct Crude Oil
Resistance should appear near 6809 to 6836 and 6906 to 6919
Support should appear near the 6673 to 6659 and 6591 to 6577

Oct Unleaded Gas
Resistance should appear near 19820 to 19900 and 20340 to 20420
Support should appear near 19090 to 19020 and the 18650 to 18580 region ..

Oct Heating Oil
Resistance should appear near 19820 to 19900 and 20800 to 20890
Support should appear near 18220 to 18080 and 17380 to 17310

The Lively Livestock

Dec Cattle
Support should appear near 8592 to 8562 and 8502 to 8482
Resistance is at 8667 to 8682 and the 8762 to 8777 region..
BW Traders should go short if a close under 8477 occurs..

October Cattle
Recommended Open Position Short at 8117
Support should appear near 8317 to 8302 and 8222 to 8192
Resistance is at 8392 to 8407 and 8482 to 8502

Dec Hogs
Support is 6117 to 6102 and the 6037 to 6022 region
Resistance is at 6192 to 6222 and 6257 to 6272
Stay tuned for Flashes and Updates

October Hogs
Recommended open position Short at 6285
Support is 6352 to 6337 and 6272 to 6257
Resistance is at 6417 to 6432 and 6482 to 6512 .

February Pork Bellies
Resistance should appear near 8192 to 8222 and 8302 to 8317.
Support is at 8137 to 8117 and 8047 to 8027

The Grande’ Grains

November Soybeans
Resistance at 616 1/2 to 619 and 625 3/4 to 627 BW Traders can sell at 616 1/4 and risk a close over 627 ¾ for three days in a row..
Support should appear near 603 1/2 to 602 1/4.. Below that a test of 588 to 585 1/2 is likely..

Dec Soymeal
Support should appear near 186.5 to 185.8, a slip under augurs for a test of 182.2 to 180.8 .
Resistance should appear near 190.2 to 190.9 and 193.6 to 195.3.. BW Traders can sell at 190.1 and risk a close over
195.9 for three days in row..

Dec Soybean Oil
Resistance should appear near 2315 to 2322 and the 2354 to 2370 region. BW Traders can sell at 2314 and risk a close over 2377 for three days in row .
Support should appear near 2226 to 2219 and 2185 to 2170
BW Traders should go short if a close under 2217 occurs

Dec Corn
Resistance should appear near 221 3/4 to 222 3/4 and the 226 3/4 to 227 1/2 region BW Traders can sell at 226 1/4 and hold for lower prices.. risk a close over 233 1/2 for three days in a row.
Support is at 218 1/2 to 217 and 213 1/2 to 212 3/4.

Dec Wheat
Resistance should appear near 331 3/4 to 332 3/4 and 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 321 1/4 to 319 1/2 and 315 3/4 to 314 3/4.

The Satisfying Softs

Dec 'The Monster' Coffee
Recommended open position Long at 9735
Support should appear near 9445 to 9425 and the 9335 to 9315 region ..
Resistance should appear near 9705 to 9735 and 9920 to 9935

Dec Cocoa
Support is at 1421 to 1415 and 1383 to 1377
Resistance is at 1453 to 1459 and the 1484 to 1496 region. BW Traders can sell at 1483 and risk a close over 1539 for three days in a row..

March Sugar
Support should appear near 1005 to 1000 and 972 to 968
Resistance should appear near 1058 to 1068.. Beyond that ample sellers should appear near 1096 to 1101.
BW Traders can sell at 1095 and risk a close over 1104 for three days in row.

Dec Cotton
Support should appear near 4855 to 4845 and 4785 to 4775
Resistance should appear near 4970 to 4985 and 5055 to 5070 BW Traders can sell at 5045 and risk a close over 5230 for three days in a row.. Beyond that sellers should appear near 5125 to 5140 . Aggressive BW Traders should go short if a close under 4835 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 29th2005
5:00 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 8-29-2005
Long Sept 2 SP500 1238.70 avg
Long Sept Mini Nasdaq 1577
Long Sept Mini Russell 675.6
Short Sept Yen 9100
Short Sept EC 12320
Short Sept Swiss Francs 7990
Short 2 Dec Gold 435.8
Short Oct Cattle 8117
Short Oct Hogs 6285
Long Dec Coffee 9735