Economic and Investment Trend Analysis

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

Friday June 18th 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

Thursday June 17, 2004
2:00 PM eastern time

Open BW Positions

The Frenzied Forex Front

Sept Yen
Resistance should appear near 9237 and 9316 to 9347
Support should appear near 9156 to 9140 and 9060 to 9044

Sept Euro Currency (EC)
Support should appear at 12030 to 11975 and 11920
Resistance is at 12102 Beyond that sellers should appear near 12175. BW Traders can sell at 12172 and risk a close over 12262 for three days in a row. BW Traders should go if short if a close under 11917 occurs.

Sept Swiss Franc
Recommended Open Position Short at 2 at 7963 avg
Resistance should appear near 8029 to 8044and 8119 to 8134
Support should appear near 7954 to 7939 and the 7864 to 7836 region.

Sept British Pound
Support should appear near 1.8150 to 18080
Resistance should appear near 18220 then 18400 and the 18580 to 18650 region.

Sept Canadian Dollar
Support should appear near 7242 and the 7170 to 7143 region.
Resistance is at 7328 to 7342.and 7414 to 7428 ..BW Traders can sell at 7327 and risk a close over 7432 three days in a row. BW Traders should go short if a close under 7237 occurs.

Sept Aussie Dollar
Support should appear near 6755 to 6741 and 6673 to 6659
Resistance should appear at 6809 to 6836 and 6906 to 6919

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 10257 .

September SP500
Recommended Open position Long at 1131.20
Resistance should appear near 1136.00 and 1150.00 .
Support should appear near 1130.00 and 1115.50.

Nasdaq Composite
Support should appear near 1984 and 1953 to 1946.
Resistance should appear near 1996 and 2015

Sept Mini Nasdaq 100
Resistance is at 1484 to 1496
Support is at 1459 to 1453.

Sept 10 Year T-Note
Resistance should appear near 108-22 and 109-07
Support is at 108-07 and 107-22

Precious Metals

August Gold
Recommended Open Position Short at 384
Resistance should appear at 390.9 to 392.9
BW Traders can sell at 390.7 and risk a close over 399.7 for three days in a row
Support is at 386.7 to 385.8.

July Copper
Support should appear near 11690 to 11640 and 11500.
Resistance should appear near12030 .. Beyond that sellers should appear near the 12320 to 12380 region.. BW Traders can sell at 12310 and risk a close over 127 70 for three days in a row..

July Silver
Support should appear 588 to 585.5 and 573.5 to 571.5..
Resistance is at 594.5 to 595.5 and 602.5 to 603.5

The Exciting Energies
August Crude Oil
Resistance should appear near 3909 to 3929 and the 4046 to 4056 region..
Support should appear near 3867 to 3858 and 3806 to 3795 ..

August Unleaded Gas
Resistance should appear near 11920 to 12030 and 12320 to 12380
Support should appear near 11690 to 11640 and 11360 to 11300

August Heating Oil
Resistance should appear near 10580 to 10680
Support should appear near 10320 and 10140 to 10105

The Lively Livestock

August Cattle
Support should appear near 8592 to 8562 and 8502 to 8482 .
Resistance is at 8682 then 8762 to 8777 and 8857 to 8872

July Hogs
Recommended Open Position Short at 7762
Support is at 792 to 7672 and 7607 to 7587
Resistance is at the 7762 to 7777 and 7832 to 7867

August Hogs
Support is at 7602 to 7587 and 7512 to 7487
Resistance is at 7672 to 7692 and the 7762 to 7777.

July Pork Bellies
Resistance should appear near 11500 and 11640 to 11690
Support is 11360 to 11302 and 11157

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

The Grande’ Grains

July Corn
Support should appear near 277 1/2 to 275 3/4 and the 272 1/2 to 271 3/4 region .
Resistance is at to 282 to 282 3/4 and 287 1/2 to 288 1/4 ..

July Soybeans
Resistance is at 866 3/4 to 868 3/4 and 876 1/4 to 877 3/4 .
Support should appear near 858 3/4 to 856 and 840 3/4 to 839 1/4

November Beans
Support is at 659 1/4 to 657 1/4 and 650 3/4 to 648 3/4.
Resistance is at 674 1/4 to 675 1/2 and 680 3/4 to 683 3/4

July Soymeal
Support should appear near 277.5 to 275.8 and the 272.4 to 271.6 region.
Resistance should appear near 282.0 to 282.9 and 287.4 to 288.3. Which should Cap a rally for a bit.
BW Traders can sell at 287.3 and risk a close over 295.7 for three days in a row.

July Soybean Oil
Recommended Open Position Short at 2734
Resistance should appear near 2758 to 2775 and 2820 to 2829 .
Support should appear near 2724 to 2716 and the 2672 to 2663 region

July CBOT Wheat
Support should appear near 344 1/2 to 342 1/2 and the 338 3/4 to 337 3/4 region. Below that 332 3/4to 331 3/4 should provide some support.
Resistance should appear near 355 1/4 to 356 1/4 and the 361 1/4 to 362 1/4. region. Beyond that sellers should appear near 366 1/4 to 368 1/4...BW Traders can sell at 365 3/4 and risk a close over 376 1/4 for three days in a row

The Satisfying Softs

September Coffee
Recommended Open Position Long 2 at 8440 avg
Support is near 7780 to 7765 and 7605 to 7585.
Resistance should appear near 7940 to 7955 and 8030 to 8045

Sept Cocoa
Support is at 1346 to1334 and the 1310 to 1304 region. Below that a test of 1274 to 1268 is likely..
Resistance is at 1377 to 1383 and the 1415 to 1421 region.. Beyond that sellers should appear near 1453 to 1459 BW Traders can sell at 1452 and risk a close over 1515 for three days in a row..

October Sugar
Support should appear near 676 to 764 and 739 to 735
Resistance should appear near 791 to 795 and 814 to 823
. BW traders can sell at 789 and risk a close over 827 for three days in a row.

December Cotton
Recommended open position long at 5510
Support should appear near 5280 to 5270 and 5210 to 5200
Resistance should appear near 5415 to 5430 and 5490 to 5505

- 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 June 17th, 2004
2:45 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 Swiss Francs 7963 avg
Long Sept SP500 1131.20
Short August Gold 384.0
Long 2 Sept Coffee 8440 avg
Short July Hogs 7762
Short July Soybean Oil 2734
Long Dec Cotton 5510