FuturesCom Investment Publications

Dedicated to Excellence in Analysis of Futures Markets
Bi-Weekly Investment Outlook (BW) Sunday June 04, 2000

Bonds.. SP500.. Forex.. Precious Metals.. Energies..Grains.. Livestock.. Softs

Featuring Bi-Weekly Investment Outlooks, Special Reports, Morning Comments and More

Experienced Since 1979 & Serving Professional and Individual Futures Traders World Wide since 1988

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Observation. Experience, memory and mathematics--These are what a successful trader must depend on. A man can have great mathematical ability and unusual power of accurate observation and yet fail in speculation unless he also

Possesses the experience and memory. -Reminiscences of a Stock operator-

Sunday June 04, 2000

5:00 AM

The Sensational Stock and Bond Markets

June SP500

Resistance is near 1484 to 1490. Beyond that sellers should appear near 1496 and the 1497.90 region. A close over 1996 is friendly and augurs for a test of 1512.5 then 1523.50 and the 1529 to 1535 region Beyond that resistance should appear near 1545.70 then 1552 and the 1569 to 1576 region.

Support is at 1484 to 1480.10 and 1471.50 and the 1459 to 1456 region. Under that buyers should appear near 1453 to 1450.10 BW Traders can buy at 1456 and hold for higher prices.. Below that support should appear near 1437

Aggressive BW Traders should go long if close over 1490.00 occurs.

Stay Tuned for Updates

Trade Accordingly..

Dow Jones Industrial Avg.

Resistance should appear near 10,680, beyond that a test of 10,742 to10,787 and 10,820 is likely.

Support should appear near 10630 to 10580 then 10,510 to 10,475 and10,402 . Under that 10,360 to 10,320 should contain a decline

Cash NASDAQ
Resistance is at 3858 to 3867 , a close over 3867 is friendly and augurs for a test of 3909 to 3929 and most likely the 3982 to 3992 region, where sellers should cap an early rally for a bit. Above that resistance should appear near 4046 to 4056 and 4110 to 4120

Beyond that a test of the 4163 to 4183 region is likely to occur. Above that resistance is near 4238 to 4249 then 4304 to 4315.

Support remains at 3806 to 3795 then 3743 to 3736 and 3682 to 3663 . Below that support is at 3563 to 3553 and the 3503 to 3493 region which should contain a decline for a bit. Below that buyers should appear near 3443 and 3386.

Trade Accordingly

Sept NASDAQ 100

Nearby Support is at 3806 to 3795 and 3743 to 3736 . Under that buyers should appear near 3683 to 3663 and 3623 to 3598, which should stop a decline for a bit… Below that buyers should surface near 3443 to 3425 . Under that 3386 to 3377 should hold.

Nearby Resistance is at 3858 to 3867.. A close over 3867 is friendly and augurs for an eventual test of the 3909 to 3929 region Where sellers should appear and cap a rally for a bit. Beyond that a test of 4046 to 4056 and beyond towards the 4096 to 4120 region is likely. Above that 4163 to 4183 offers resistance

Trade Accordingly..

Sept Bonds

Support should appear near 95-21 to 95-15. Traders can buy at 95-21 for a good turn higher, risk a close under 95-15 for 2 days in a row. Under that 94-24 to 94-18 should contain a decline. Below that Buyers should appear near 94-04 and thew 93-26 to 93-18 region.

Resistance is at 97-18 to 97-22 , beyond that sellers should appear near 98-15 , which should cap a rally for, a bit.. A close over 98-15 is friendly and augurs for a test of 99-22.

Trade accordingly…

The Frenzied Forex Front

June Japanese-Yen

Support should appear near 9237 and 9197 under that buyers should appear near

9156 to 9140 then 9122.Below that 9060 to 9045 should contain a decline for a bit..

Traders can buy at 9060 and hold for higher prices.

Resistance should appear near 9316 to 9331 and 9347 a close over 9331 is friendly and augurs for a test of 9388 and the 9429 to 9445 region . Beyond that a test of 9526 to 9542 is likely to occur

Traders should go long if a close over 9331 occurs.

Trade Accordingly and Stay Tuned for Flashes and Updates

June Swiss Franc

Resistance remains near 6023 to 6035 Beyond that sellers should appear near 6058 to 6065. Traders can sell at 6058 for a turn lower, risk a close over 6114 for three days in a row. Above that resistance should appear near 6101 to 6113 and the 6165 to 6190 region.

Support should appear near 5990, a slip under 5990 augurs for a test of 5957 to 5940 then 5912 and most likely the 5880 to 5855 region where good buyers should appear.

Traders Should go short if a close under 5990 occurs.

Stay tuned for Flashes...

June British Pound

Support should appear near 1.4960 to 1.4900 Under that support is at 1.4840 and 1.4714. Below that a test of 1.4634 and the 1.4590 to 1.4530 region is likely.

Resistance is at 1.5078 and the 1.5126 to 1.5158 region. Traders can sell at 1.5124 for a turn lower, risk a close over 1.5126 for three days in a row. Beyond that sellers should appear near 1.5290 to 1.5350.

Trade Accordingly and stay tuned for Flashes.

June Canadian Dollar
Nearby Support is at 6755 to 6741 then 6707 . Traders can buy at 6741 for a turn higher, risk a close under 6707 for three days in a row. Under that buyers should appear near 6673 to 6659.

Resistance is at 6777 to 6782. Beyond that sellers should appear near 6809 then 6823 and 6836 to 6845. Traders can sell at 6823 for a turn lower , risk a close over 6836 for three days in a row.

Trade Accordingly and Stay tuned for FuturesCom's Forex flashes

Precious Metals

Aug Gold

Support is at 282.9 to 282. Under that support is at 279.9 and the 277.5 to 275.8 region Traders can buy at 279.9 and hold for higher prices.. Risk a close under 275.8 for three days in a row.

Resistance is at 285.1 to 285.3 and the 287.4 to 288.3 region. Beyond that good sellers should appear near 290.50 and the 292.8 to 293.7 region. Beyond that a test of 303 to 304.5 is likely.

July Copper

Support is at 7865 to 7835 . Under that support should appear near 7775 to 7765 then 7690.. Traders can buy at 7780 for a turn higher , risk a close under 7690 for 3 days in a row. Below that buyers should appear near 7605 to 7580 and the 7515 to 7485 region. .

Resistance should appear near 7935 to 7955 then 8025 to 8045 and 8115 to 8135.

Traders can sell at 8115 for a turn lower, risk a close over 8225 for two days in a row. Beyond that resistance is at 8300 to 8315.

July Silver

Support should appear at 503.5 , traders can buy at 504 and hold for higher prices.. Below that support is at 499.5 to 497.. Under that buyers should appear near 492.5 to 491.5 which should contain a decline basis the close for a bit. Traders can buy at 492.5 and hold for higher prices. Under that support should appear near 485.5 to 484.5

Resistance is at 506.5 and 512 to 514. A close over 506.5 is friendly and augurs for a test of 520 to 521.5 then 525.5 to 528.5 region and eventually the 541 to 543 region…

if it holds

Traders should go long if a close over 506.5 occurs

Stay tuned for Flashes...

The Exciting Energies

July Crude

Resistance is at 3036 to 3045 , beyond sellers should appear near 3072 and the 3092 to 3102 region.. Above that resistance is at 3123 to 3130 then 3148 to 3157 and the 3194 to 3213 region. Beyond that sellers should appear near 3261 to 3270.

Support is at 3013,a slip under is negative and augurs for a test of 2990 to 2972. Below that buyers should appear near 2937 to 2929 and 2911.Under that buyers should appear near 2883 to 2862 and 2829 to 2820 region. Below that a test of the 2775 to 2746 region is likely. Traders can buy at 2746 and risk a close under 2716 for 3 days in a row.

Traders should go short if a close under 3013 occurs

Trade Accordingly and Stay Tuned For Flashes

July Unleaded Gas

Support should appear near 1.0155 to 1.0136 then 1.0104, a slip under 1.0100 indicates a test of 9935 to 9920 and 9835 to 9820..Under that buyers should appear near 9740 and the 9645 to 9620 region. Under that 9545 to 9520 offers support.

Resistance should appear near 1.0320 to 1.0360.. High Risk traders can sell at 1.0320 and hold for lower prices. Above that resistance should appear near 1.0470 then 1.0580 to 1.0630 and 1.0680. Above that sellers should appear near 1.0820 and the

1.0960 to 1.1105 region.

July Heating Oil

Resistance is at 7587 to 7601 then 7675 to 7682. Above that sellers should appear near the 7763 to 7793 region. Beyond that resistance should appear near 7835 to 7865

Beyond that sellers should appear near the 7935 to 7960 region.

Support is 7513 to 7486. Under that Buyers should appear near 7430 to 7410

and 7365 to 7325. Below that 7255 to 7240 should contain a decline over the near term…Under that buyers should appear near 7170 to 7145 and the 7088 to 7074 region.

Stay tuned for BW Energy Updates

The Grand Grains

July Beans

Support should appear 531 1/2, traders can buy at 531 3/4 and hold for higher prices.. Under that support is at 528 1/2 to 525 1/2 and the 521 1/2 to 517 region. Which should contain any decline basis the close.. Under that support is at 506 to 503 and 499

and 492.

Resistance is at 535 3/4 to 537 1/2 then 542 to 544 1/2 Above that sellers should appear near the 549 to 552 region. A close over 550 3/4 is Friendly and augurs for a test of 564 to 565 then 586

Traders should go long if a close over 535 3/4 occurs.

Stay tuned for Flashes

Aug Beans

Support should appear 531 1/2, traders can buy at 532 and hold for higher prices.. Under that support is at 528 1/2 to 525 1/2 and the 521 1/2 to 517 region. Which should contain any decline basis the close.. Below that support is at 503 then 499 to 497 and 485.

Resistance is at 539 3/4 to 543 . Above that sellers should appear near the 555 3/4 to 557 3/4 region . A close over 557 3/4 is Friendly and augurs for a test of 579 to 580 1/2 then 583 to 585. Beyond that a tap of the 594 to 595 3/4 region is likely to occur

Traders should go long if a close over 535 3/4 occurs.

July Soybean Meal

Support should appear near 179.4 then 178 to 177.5. Under that buyers should appear near 173.8 to 173.1.. Traders can buy at 179.4 and risk a close under 173.1 for three days in a row.

Resistance is at 180.8 to 182.2, a close over 182.2 s friendly and augurs for a test of 190.2 to 190.9 and the 194.6 to 195.3 region.

Traders should go long if a close over 182.2 occurs.

July SoyBean Oil

Support is near 1672 and the 1655 to 1642 region , which should contain a decline for bit… Traders can buy at 1655 and hold for higher prices. Under that support is at 1615 to 1609 and the 1576 to 1569 region

Resistance should appear near 1689 to 1696, a close over 1696 is friendly and augurs an eventual test of 1731 to 1738 and beyond towards the 1774 to 1780 region.

July Corn

Resistance should appear near 231 to 232 1/2 Beyond that a test of the 235 to 237 region should occur above that sellers should appear near 241 to 242

Support should appear near 227 1/2 to 226 3/4 . Below that support is at 223 to 221 1/2

July Wheat

Support is at 271 1/4 region. Under that support is at 267 1/2 to 266 1/4 where it should hold basis the close Traders can buy at 269 3/4 and hold for higher prices.. Below that support is at 262 1/2 to 261 1/4.

Resistance is at 272 then 275 3/4 to 277 1/2. A close over 277 1/2 id friendly and augurs for a test of 282 to 282 3/4 and most likely the 287 1/2 to 288 1/4 region.

Traders should go long if a close over 272 1/2 occurs.

Trade Accordingly and Stay Tuned for Updates in the Grain Markets

The Satisfying Softs

July Cotton

Support should appear near 5880 to 5855. Under that 5805 to 5790 should hold.

Below that support is at 5730 to 5715 . Aggressive traders can buy at 5730 and hold for higher prices.. Under that support is at 5680 and 5655 to 5640 then 5580 to 5550

Traders can buy at 5580 and hold for a good bounce.

Resistance is at 5915 then 5945 to 5955. A close over 5955 is friendly and augurs for a test of then 6023 to 6035 and eventually 6100 to 6115 then 6165 top 6190

Traders should go long if a close over 5955 occurs..

Trade Accordingly

July Coffee

Support is at 9540 to 9525 Under that buyers should appear near the 9445 to 9425 region. Below that support should appear near 9345 to 9315 and the 9235 to 9195

region. Traders can buy at 9240 and hold for higher prices.. Under that buyers should appear near 9120 then 9060 to 9045.

Resistance should appear near 9625 to 9645 then 9705 to 9735 , a close over 9735 is friendly and augurs for a test of 9820 to 9840 then 9920 to 9935 and the 100.20 to 100.50 region. Above a test of 101.05 to 101.35 is likely.

Traders should go long if a close over 97.75 occurs…

Trade Accordingly and Stay Tuned for Flashes.

July Sugar

Support is at 804. A close under 804 is negative and augurs for a test of 795 to 791 then 779. Below that support should appear near 767 to 763..

Resistance is at 824, Beyond that sellers should appear near 835 and 847 to 852

Above that sellers should appear near 867 and the 887 to 882 region.

Sept Cocoa

Resistance is at 877 to 882 then 907 to 912 then 932 to 941

Support is at 852 to 847 and 835 under that buyers should appear near 823 to 814.

Stay Tuned for Flashes.

The Lively Livestock

Aug Cattle

Support is near the 6757 to 6742 region . A close under 6742 is negative and indicates a test of 6672 to 6657 and the 6592 to 6577 region.

Resistance is at 6837, a close over 6837 is friendly and indicates a test of 6902 to 6922, traders can sell at 6922 and risk a close over 6957 for three days in a row . Beyond that resistance should appear near 6987 to 7002.

July Hogs

Resistance should appear at 7072 to 7087.Beyond that sellers should appear near 7142 to 7172. Traders can sell at 7142 and risk a close over 7172 for three days in a row. Beyond that sellers should appear near 7242 to 7257 then 7327 to 7342.

Support is at 7007 to 6992. Under that buyers should appear near 6957. Below that support should appear near 6922 to 6907 and 6872. Traders can buy at 6877 and risk a close under 6802.. Below that buyers should appear near 6757 to 6742 then 6677,

July Bellies

Support is at 8777 to 8762 and 8687 to 8667 Traders can buy at 8687 and hold for higher prices .. Below that buyers should appear near 8627 then 8587 to 8557 and 8502 to 8487 Under that support should appear near the 8407 to 8387 region. Below that 8317 to 8297 should contain a decline.

Resistance should appear at 8852 to 8872, a close over 8872 is friendly and augurs for a test of 8932 to 8962 and Beyond towards 9037 to 9062 and the 9137 to 9157 region..

Where sellers should appear beyond that a test of 9237 is likely.

Traders should go long if a close over 8872 occurs

A ship in Harbor is Safe.. But that's not what ships are built for.

Happy Trading

Bill

Sunday June 4 ,2000

10: 25 AM

THIS PUBLICATION 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 IS 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 is Not Responsible for electronic or transmission errors.

Recommended BW, MC, and Index Positions:

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