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

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

FuturesCom Investment Publications
Morning Comments Tuesday June 22nd 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 21st, 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 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 8081 and 8119 to 8134
Support should appear near 8044 to 8029 and 7991.

Sept British Pound
Support should appear near 1.8150 to 18080
Resistance should appear near 18220 and 18400.

Sept Canadian Dollar
Recommended Open Position Short at 7327
Support should appear near 7255 to 7242.
Resistance is at 7328 to 7342 .
BW Traders should go short if a close under 7237 occurs.

Sept Aussie Dollar
Support should appear near 6836 to 6809 and 6755 to 6741..
Resistance should appear at 6906 to 6919 and 6990 to 7003. BW Traders
can sell at 6987 and risk a close over 7095 for three days in a row.

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 2 at 387.3 avg
Resistance should appear at 398.2 to 399.2 and 404.6 to 405.6
Support is at 392.9 to 390.9 and 386.7 to 385.8.

July Copper
Support should appear near 11690 to 11640.
Resistance should appear near 12030 and 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 573.5 to 571.5 and 565.5 to 564..
Resistance is at 594.t to 595.5 and 602.5 to 603.5

The Exciting Energies
August Crude Oil
Resistance should appear near 3795 to 3806 and 3909 to 3929..
Support should appear near 3743 to 3734 and 3623 to 3613 ..

August Unleaded Gas
Resistance should appear near 11640 to 11690 and 11920 to 12030
Support should appear near 11500 then 11360 to 11300 and 11155

August Heating Oil
Resistance should appear near 10105 to 10135 and 10320 to 10360
Support should appear near 9940 to 9920 and 9840 to 9820

The Lively Livestock

August Cattle
Support should appear near 8682 to 8667 and 8592 to 8562 .
Resistance is at 8762 to 8777 and 8857 to 8872

July Hogs
Recommended Open Position Short at 7762
Support is at 7777 to 7762 and 7692 to 7672
Resistance is at 7832 to 7867 and 7937 to 7957

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

July Pork Bellies
Resistance should appear near 11502 and 11637 to 11692
Support is at 11362 to 11302

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

The Grande’ Grains

July Corn
Support should appear near 272 1/2 to 271 3/4 and 267 1/4 to 266 3/4 .
Resistance is at 275 3/4 to 277 1/2 and 282 to 282 3/4 ..

July Soybeans
Resistance is at 904 1/2 to 906 3/4 and 914 to 915 3/4
BW Traders can sell at 903 1/4 and risk a close over 917 1/2 for three days in a row
Support should appear near 887 1/4 to 885 3/4 and 877 3/4 to 876 1/4

November Beans
Support is at 675 1/.2 to 674 and 659 1/4 to 657 1/4
Resistance is at 680 3/4 to 683 3/4 and 690 3.4 to 691 /3

July Soymeal
Recommended Open Position Short at 287.3
Support should appear near 288.3 to 287.4 and 282.9 to 282.0.
Resistance should appear near 293.7 then 297.2 to 299.0 and 303.6 to 304.5
.
July Soybean Oil
Recommended Open Position Short at 2734
Resistance should appear near 2829 then 2874 to 2883 and 2928 to 2937
Support should appear near 2775 to 2758

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 at 8320
Support is near 7605 to 7585.and 6515 to 7485
Resistance should appear near 7675 to 7690 and 7760 to 7775

Sept Cocoa
Support is at 1346 to 1334 and the 1310 to 1304 region.
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 739 to 735 and 712 to 704
Resistance should appear near 767 and 791 to 795
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 5345 to 5355 and 4315 to 5430 .

- 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 21st, 2004
3:30 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
Short September Canadian Dollars 7327
Long Sept SP500 1131.20
Short 2 August Gold 387.3 avg
Long Sept Coffee 8320
Short July Hogs 7762
Short July Soymeal 287.3
Short July Soybean Oil 2734
Long Dec Cotton 5510

Terms