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FuturesCom Investment Publications
Morning Comments Friday Sept 2nd, 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 
                     


Thursday  Sept 1st  2005
5:30 PM   Eastern Time

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 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 position Long at 1577
Resistance
should appear near 1609 to 1915     
Support is at  1576 to 1569    

Sept Mini Russell 2000
Recommended Open Position Long at 675.6
Support
is at  667.3 to 665.90 and 659.10 to 657.70 
Resistance should appear near 674.3 to 675.5 and the 680.90 to 683.60.

December 10 Year T-Note  
Resistance remains at 112-07  beyond that sellers should appear near 112-22 
Support  at  111-22 and 111-07

December 30 Yr   T-Bond
Resistance
should appear near 118-07 and 118-22
Support  is  at 117-22 and 117-07


                                                      
  The Frenzied Forex Front

Sept  Yen
Resistance
should appear near 9140 to 9156 
Support
should appear near 9044 and 8964 to 8936.
Trade accordingly .

Sept Euro Currency (EC)
Recommended open position Short at 12320
Support should appear at  12380 to 12320 and 12247
Resistance should appear near 12530 and 12680 to 12740

Sept Swiss Franc
Recommended Open position Short at 7990
Resistance
should appear near 8119 to 8134  
Support
should appear near the 8044 to 8029 

Sept British Pound
Recommended open position Short 17850
Support
should appear near 18220 to 18080 and 17940
Resistance
should appear near 18400 and 18580 to 18650 .. 

Sept  Canadian Dollar
S
upport should appear near 8406 to 8391 
Resistance is at 8484  to 8499 

Sept Aussie Dollar
Recommended open position short at 7584
Support
should appear near 7601 to 7587 . 
Resistance should appear near 7675 to 7689  

                                                 Precious Metals

Dec Gold
Recommended open Position Short 2 at 435.8
Resistance
should appear at .450.3 to 451.4 
Support is at 444.6 to 442.4  

Dec Copper
Support
should appear near 16150 to 16090 and 15760 to 15690  
Resistance
should appear near 16550 and 16890 to 16960

Dec Silver 
Support
should appear near 707.5 to 708.5 and 717.4 to 717.0 .
Resistance is at 700.5 to 699.0 and 692 to 690.5

The Exciting Energies

Oct Crude Oil
Resistance
should appear near 6990 to 7003 and 7074 to 7088
Support
should appear near 6836 to 6809 and 6755 to 6743

Oct Unleaded Gas 
Re
sistance should appear near 24110 to 24190 and 25110 to 25190   
Support
should appear near 22765 to 22670 and 21340 to 21250  ..   

Oct Heating Oil
Re
sistance should appear near 22670 to 22750 and 23150 to 23220
Support should appear near 20420 to 20340 and 19960 to 19820


The Lively Livestock
 

Dec  Cattle
Recommended Open Position Short 2  at 8495 avg
Support
should appear near 8407 to 8392 and 8317 to 8302 
Resistance is at 8487 to 8502 and 8562 to 8592 .

Dec Hogs
Support
is 6037 to 6022 and 5957 to 5952 
Resistance is
at 6102 to 6112 and 6192 to 6222 

Stay tuned  for Flashes and Updates

October Hogs
Recommended open position Short at 6285
Support
is 6112 to 6102 and 6037 to 6022
Resistance is at 6257 to 6272 and 6337 to 6352  .

February Pork Bellies
Resistance
should appear near 8117 to 8137 and 8192 to 8222 .
Support  
is at  7867 to 7837 and 7777 to 7762 


                                              
The Grande’ Grains

November Soybeans
Resistance at 610 1/4 to 611 1/4 and 6161/2 to 619 
Support
should appear near 603 1/2 to 602 1/4 and 595 3/4 to 594 1/2   ..

Dec Soymeal
Support should appear near 182.2 to 180.8 .
Resistance should appear near 190.2 to 190.9

Dec  Soybean Oil
Recommended open position Short at 2314
Resistance should appear near 2354 to 2370.and 2411 to 2419.
Support
should appear near 2275 to 2267 and the 2226 to 2219 region   
BW Traders should go short if a close under 2217 occurs

Dec Corn
Resistance should appear near 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 326 3/4 to 327 1/2 and  331 3/4 to 332 3/4.
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
Support  should appear near 10580 to 10680 and 10820.. 
Resistance should appear near 10470 and 10360 to 10320 

Dec Cocoa
Recommended open position Short at 1483
Support is at  1459 to 1453 and 1421 to 1415 
Resistance is at 1496 and 1529 to 1535 

March  Sugar
Support
should appear near 1058 and 1036 to 1032
Resistance
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 4925 to 4915.. Below  that a test of 4855 to 4845 is likely.  
Resistance
should appear near 5055 to 5070 and the  5125 to 5140 region 
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
Thursday Sept 1 2005
6:30 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 9-1-2005
Long Sept 2 SP500 1238.70 
Long Sept Mini Nasdaq 1577 
Long Sept Mini Russell 675.6
Short Sept EC 12320
Short Sept Swiss Francs 7990
Short Sept British Pounds 17850
Short 2 Dec  Gold 435.8
Short 2  Dec Cattle 8495 avg
Short Oct Hogs 6285 
Short Dec Soy oil 2314