Economic and Investment Trend Analysis

Economic and Investment Trend Analysis - Socio Economics
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Wed June 9th 2004
Serving Professional and Individual Traders World Wide since 1988
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Tuesday June 8th 2004
2:00 PM West Palm Beach Time

Open BW Positions

The Frenzied Forex Front
Sept Yen
Resistance should appear near 9156 then 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 12175 and 12030 to 11920
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 18150 and 18080
Resistance should appear near 18220 and 18400.

Sept Canadian Dollar
Recommended Open Position Short 3 at 7356 avg.
Support should appear near 7342 to 7238 and 7255 to 7242
Resistance is at 7414 to 7428 and 7486 to 7613 .

Sept Aussie Dollar
Support should appear near 6919 to 6906 and 6836 to 6809
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
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 107-22 then 118-07 and 108-22
Support is at 107-07 and 106-22

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 390.9 and 386.7 to 385.8

July Copper
Recommended Open Position Short 114.45
Support should appear near 12320 and 12030 to 11920
Resistance should appear near 125.00 and 126.80 to 127.40.

July Silver
Support should appear 573.0 to 571.5 and 557.5 to 555.5
Resistance is at 579.5 to 580.5 and 585.5 to 588

The Exciting Energies
July Crude Oil
Resistance should appear near 3734 to 3743 then 3795 to 3806 and 3858 to 3867
Support should appear near 3682 to 3663 and 3623 to 3613

July Unleaded Gas
Resistance should appear near 11805 then 11920 to 12030 and 12320 to 12380 .
Support should appear near 11640 then 11360 to 11300. Below that a test of 11010 to 10960
region is likely to occur..

July Heating Oil
Resistance should appear near 9705 to 9735 and 9920 to 9935
Support should appear near 9545 to 9525 and 9345 to 9315

The Lively Livestock

August Cattle
Support should appear at 8872 to 8857 and 8777 to 8762 .
Resistance is at 8932 to 8967 and 9042 to 9062

July Hogs
Recommended Open Position Short at 7762
Support is at 7602 to 7587 and 7512 to 7487
Resistance is at 7672 to 7692 and 7762 to 7777

August Hogs
Support is at 7512 to 7487 and 7427 to 7412
Resistance is at 7587 to 7602 and 7672 to 7692

July Pork Bellies
Resistance should appear near 10960 to 11010 and 11157
Support is 10820 and 10680 to 10630

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

The Grande’ Grains

July Corn
Support should appear near 297 1/4 and 293 3/4 to 292 3/4
Resistance is at 303 3/4 to 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 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 near 271.6 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 8135 to 8115 then 8045 to 8030 and 7955 to 7945.
Resistance should appear near 8195 to 8225 and 8300 to 8315.

July Cocoa
Support is at 1346 to 1334 and the 1310 to 1304 region.
Resistance is at 1377 to 1383 and 1415 to 1421.

July Sugar
Support should appear near 686 to 682
Resistance should appear near 704 to 712

July Cotton
Support should appear near 5575 to 5555 and 5505 to 5490
Resistance should appear near 5640 to 5655 and 5715 to 5730

- 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

Tuesday June 8th 2004
3:10 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 Sept SP500 1122.70
Short August Gold 396.1
Short July Copper 11445
Short July Hogs 7762
Long July Coffee 8135