Economic and Investment Trend Analysis

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Tuesday June 29th , 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 28th, 2004
2:00 PM eastern time

Open BW Positions

The Frenzied Forex Front
Sept Yen
Resistance should appear near 9316 to 9347.. Beyond that sellers should appear near 9429 to 9445 and the
9526 to 9542 region .. BW Traders can sell at 9427 for a turn lower and risk a close over 9549 for three days in a row.
Support should appear near the 9237 and the 9156 to 9140 region. A close under augurs for a test of 9060 to 9044 BW Traders should go Short if a close under 9231 occurs

Sept Euro Currency (EC)
Recommended Open Position Short at 12173
Support should appear at 12030 to 11975 and 11920 region.
Resistance is at 12175 and 12320 to 12380.

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

Sept British Pound
Support should appear near 18080 and 17800 to 17740.
Resistance should appear near 18220 and 18400.

Sept Canadian Dollar
Recommended Open Position Short at 7327
Support should appear near 7428 to 7414
Resistance is at 7487 to 7513

Sept Aussie Dollar
Support should appear near 6919 to 6906 and 6836 to 6809
Resistance should appear at 6990 to 7003 and the 7074 to7088 region.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10470 and the 10580 to 10630 region.. Beyond that a test of 10-680 is likely
Support should appear near 10360 to 10320 .. Below that buyers should appear near 10185.

September SP500
Recommended open position Long 2 at 1133 .00 avg
Resistance should appear near 1143. An extended trade or close over augurs for a test of 1150 and most likely the 1164 to 1169 region.
Support should appear near 1133.00 and 1130.00.. Below that 1115.50 and the 1101.00 to 1096.00 region offers support BW Traders can at 1115.50 for a good bounce and Hold for higher price..
BW Traders should go long if a close over 1143.40 occurs.

Nasdaq Composite
Support should appear near 1996 to 1982.
Resistance should appear near 2034 and 2042

Sept Mini Nasdaq 100
Resistance is at 1529 to 1536 and 1569 to 1576
Support is at 1496 to 1484 and 1459 to 1453

Sept 10 Year T-Note
Resistance should appear near 108-22 and 109-07 Beyond that sellers should appear near 109-22
Support is at 107-22.then 107-07 and 106-22

Precious Metals

August Gold
Recommended Open position Short at 390.7
Resistance should appear at 404.60 to 405.60 and 411.0 to 412.0
Support is at 399.2 to 398.2 and 392.9 to 390.9
BW Traders should Go Short If a close under 397.9 occurs.

Sept Copper
Support should appear near 120.30 to 119.20 and 11690 to 11640.
Resistance should appear near 12320 to 12380 and 12680 to 12740

Sept Silver
Support should appear 588 to 585.5 and 580.5 to 579.5
Resistance is at 602.5 to 603.5 and 616.5 to 619.0.

The Exciting Energies
August Crude Oil
Resistance should appear near 3663 to 3683 and 3734 to 3743 .
Support should appear near 3563 to 3553 and the 3443 to 3425 region.

August Unleaded Gas
Resistance should appear near 11640 to 11690 then 11920 to 12030.and 12320 to 12380
BWTraders can sell at 12310 for a turn lower and initially risk a close over 12550 for three days in a row.   y
Support should appear near 11360 to 11300 and the 11010 to 10960 region.

August Heating Oil
Resistance should appear near 9920 to 9940 and 10105 to 10135
Support should appear near 9735 to 9705 and the 9345 to 9315 region.

The Lively Livestock
August Cattle
Recommended open position Short at 8645
Support should appear near 8592 to 8562 then 8502 to 8482 and the 8407 to 8392 region.
Resistance is at 8667 to 8682 then 8762 to 8777 and the 8857 to 8872 region

August Hogs
Recommended Open Position Short at 7490
Support is at 7512 to 7487 and the 7432 to 7417 region.
Resistance is at 7587 to 7612 and 7672 to 7692

August Pork Bellies
Resistance should appear near 11500 and 11637.
Support is 11327 to 11302 and 11157

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

The Grande’ Grains

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

August Soybeans
Recommended Open Position Short 846 3/4
Resistance is at 811 3/4 to 813 3/4 and 830 to 831 1/2 .
Support is at 795 1/2 to 793 3/4 and the 777 3/4 to 776 1/4 region. .

November Beans
Support is at 675 1/2 to 674.and 667 1/4 to 665 3/4
Resistance is at 707 1/2 to 708 3/4 and 714 1/4 to 717

August Soymeal
Recommended open position Short 290
Support should appear near 272.4 to 271.6 and 267.2 to 266.3
Resistance should appear near 275.8 to 277.5 and 282.0 to 282.9

August Soybean Oil
Recommended Open Position Short 2818
Resistance should appear near 2758 to 2775 and 2820 to 2829.
Support should appear near 2724 to 2716 and the 2672 to 2663 region..

Sept CBOT Wheat
Support should appear near 344 1/4 to 342 1/2, below that buyers should appear near 338 3/4 to 337 3/4 …
Resistance should appear near 355 1/4 to 356 1/4 then 361 1/4 to 362 1/4 and the 366 1/4 to 368 1/4 region. ..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
Support is near 7345 to 7325 and 7090 to 7075
Resistance should appear near 7585 to 7605 and 7760 to 7780

Sept Cocoa
Support is at 1377 and 1346 to 1334
Resistance is at 1415 to 1421 and 1453 to 1459.

October Sugar
Support should appear near 739 to 735 and 712 to 704
Resistance should appear near the 763 to 767 and 791 to 795

December Cotton
Support should appear near 5210 to 5200.and 5070 to 5055
Resistance should appear near 5345 to 5355 and 5415 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 28th
3:00 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 Sept EC 12172
Short 2 September Swiss Francs 7963 avg
Short September Canadian Dollars 7327
Long 2 Sept SP500 1133.00 avg
Short 2 August Gold 387.3 avg
Short August Cattle 8640
Short August Hogs 7490
Short August Soybeans 846 ¾
Short August Soymeal 290.0
Short Aug Soybean Oil 2818

Terms