Economic and Investment Trend Analysis

Economic and Investment Trend Analysis - Socio Economics
Forex - Bonds - Dow Jones - Nasdaq - SP500 Precious Metals - Energy - Livestock - Grains - Softs
Basic Service - DIY Index Program - Premier Service - Special Reports - Quotes - Online Signup

Tuesday June 8th 2004
Serving Professional and Individual Traders World Wide since 1988
7690 Rockport Circle , Lake Worth , Florida 33467 - USA and Canada Toll Free : 1-866-409-3890 - Intl : 1- 561-433-2995 http://www.futurescom.com

Monday June 7th 2004
7:35 PM West Palm Beach Time

Open BW Positions

The Frenzied Forex Front
Sept Yen
Resistance should appear near 9237 and 9316 to 9347
Support should appear near the 9140 and 9062 to 9042

Sept Euro Currency
Recommended Open Position Short 2 at 12267
Support should appear at 1.2247 and 12175
Resistance is at 12320 to 12380 and 12500

Sept Swiss Francs
Recommended Open Position Short 5 at 8099
Resistance should appear near 8119 to 8134 and the 8194 to 8223 region.
Support should appear near 8044 to 8029

September British Pounds
Recommended Open Position Short 18240
Support should appear near 18220 to 18150 and 18080
Resistance should appear near 18400 and the1.8580 to 1.8650 region.

Sept Canadian Dollar
Recommended Open Position Short 2 at 7328.
Support should appear near 7342 to 7238
Resistance is at 7428 and 7486 to 7613 .

Sept Aussie Dollar
Support should appear near 6919 to 6906
Resistance should appear at 6990 to 7003 and 7074 to 7088

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10470 and 10580 to 10630
Support should appear near 10360 to 10320 and 10185 .

June SP500
Recommended open position Long at 1112.10 .
Resistance should appear near 1150.00 and 1164.00 to 1169.00
Support should appear near 1136 to 1130 and 1115.50.

Sept SP500
Recommended open position Long at .1122.70

Nasdaq Composite
Support should appear near 1992 to 1982
Resistance should appear near 2034 to 2042

June Mini Nasdaq 100
Resistance is at 1496 and 1529 to 1535 .
Support is at 1484 then 1471.5 and 1459 to 1453

Sept 10 Year T-Note
Resistance should appear near 118-07 and 108-22
Support is at 107-22 and 107-07

Precious Metals

August Gold
Recommended Open Position Short at 396.1
Resistance should appear at 398.2 to 399.2 and the 404.60 to 405.60 region.
Support is at 392.9 to 390.9 and 386.7 to 385.8

July Copper
Recommended Open Position Short 114.45
Support should appear near 12360 to 12320 and 12030 to 11920
Resistance should appear near 126.80 to 127.40 and 130.40to 131.00 .

July Silver
Support should appear 588 to 585.5 and 573.0 to 571.5
Resistance is at 594.5 to 595.5 and 610.0 to 611.5

The Exciting Energies
July Crude Oil
Resistance should appear near 3858 to 3867 then 3909 to 3929 and the 3982 to 3992 region
Support should appear near 3806 to 3795 and the 3743 to 3734 region

July Unleaded Gas
Resistance should appear near 11920 to 12030 then 12320 to 12380 and the 12680 to 12740 region. .
Support should appear near 11690 to 11640 and 11360 to 11300 . Below that a test of 11010 to 10960
region is likely to occur..

July Heating Oil
Resistance should appear near 10020 to 10035 and the 10320 to 10360 region
Support should appear near 9820 then 9735 to 9705 and 9545to 9525

The Lively Livestock

August Cattle
Support should appear at 9157to 9142 .
Resistance is at 9317 to 9347

July Hogs
Recommended Open Position Short at 7762
Support is at 7692 to 7672 and 7602 to 7587
Resistance is at 7762 to 7777 and 7837 to 7867

August Hogs
Support is at 7692 to 7672 and 7607 to 7587
Resistance is at 7762 to 7777 and the 7837 to 7867 region

July Pork Bellies
Resistance should appear near 11302 to 11362 and 11500
Support is 11187 and 11010 10962

--- Traders should stay tuned for Updates and Flashes in the Livestock markets ---

The Grande’ Grains

July Corn
Support should appear near 299 to 297 1/4 and 293 3/4 to 292 3/4
Resistance is at 303 3/4to 304 3/4 and 309 1/4 to 310 1/2

July Soybeans
Resistance is at 856 to 858 3/4 and the 876 1/4 to 877 3/4 region
Support is at 840 3/4 to 839 1/4 and 831 1/4 to 830

November Beans
Support is at 683 3/4 to 680 3/4 and the 675 1/2 to 674 1/4 region.. Below that buyers should appear near 667 1/4 to 665 34..BW traders can buy at 667 3/4 and risk a close under 646 3/4 for three days in a row.
Resistance should appear near 690 3/4 to 691 3/4 then 699 1/4 to 700 1/4 and the 714 1/4 to 717 region

July Soymeal
Support should appear near the 267.2 to 266.3 and 262 to 261.2
Resistance should appear near271.6 to 272.0.and the 275.8 to 277.5 region.. Which should cap a rally for a bit.. BW traders can sell at 275.7 and risk a close over 283.6 for three days in a row.

July Soybean Oil
Resistance should appear near 2874 to 2883 and 2928 to 2937..
Support should appear near 2820 to 2820 and 2775 to 2755

July CBOT Wheat
Support should appear near 362 1/4 to 361 1/4 and the 356 1/4 to 355 3/4 region
Resistance should appear near 366 1/4 to 368 1/4 and 373 1/2 to 374 1/4

The Satisfying Softs
July the ‘Monster’ Coffee
Recommended open position Long 8135
Support is near 7955 toi 7949 and 7865 to 7835.
Resistance should appear near 8115 toi 8135 and 8300 to 8315.

July Cocoa
Support is at 1334 and the 1310 to 1304 region.
Resistance is at 1377 to 1383 and 1415 to 1421.

July Sugar
Support should appear near 712 to 704 and 686 to 682
Resistance should appear near 735 to 739 and the 763 to 767 region which should cap a rally for a bit

July Cotton
Support should appear near 5640 and 5575 to 5555
Resistance should appear near 5790 to 5805 then 5855 to 5880 and 5945 to 5955

- 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 June 7th 2004
8:20 PM South Florida Beach Time

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 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.

Recommended Open BW Positions:
Short 2 September EC 12267
Short 5 September Swiss Franc 8099
Short September British Pounds 18240
Short 3 September Canadian Dollars 7356
Long June SP500 1112.20
Long Sept SP500 1122.70
Short August Gold 396.1
Short July Copper 11445
Short July Hogs 7762
Long July Coffee 8135