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Investment Publications
Morning Comments Tuesday July 6th,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
Sunday July 4th, 2004
10:00 PM eastern time
Open BW
Positions
The Frenzied Forex Front
Sept Yen
Resistance
should appear near 9316 to 9347 and
the 9429
to 9445 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 9237, an extended trade under augurs for a test
of 9156 to 9140 and most likely the 9060 to 9044 region..
Trade Accordingly
and Stay tuned for updates
Sept Euro Currency (EC)
Recommended Open Position Short at 12173
Support should appear at 12248
and 12175
Resistance is at 12320 to
12380.
Sept
Swiss Franc
Recommended Open Position Short 2 at 7963 Avg
Resistance should appear near 8194 to 8223
Support should appear near 8134 to 8119 and
8044 to 8029
Sept British Pound
Support should appear near 18150 and 18080
Resistance should appear near
18400 and 18580 to 18650
Sept Canadian Dollar
Support should appear near 7513
to 7487
Resistance is at 7587
to 7601
Sept Aussie Dollar
Support should appear near 7003 to 6990
Resistance should appear at 7088 and
7143 to 7170
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should
appear near 10320 to 10360
Support should appear near 10257and 10185 and 10136 to 10104
September SP500
Recommended open position Long 2 at 1133 .00 avg
Resistance should appear near 1130.00 to 1133.00 and 1136.00
Support should appear near 1115.50 and the 1101.00 to 1096.00 region
BW Traders can buy at 1115.50 for a good bounce and Hold for
higher price..
* BW Traders should go long if a close over 1136.40 occurs.
Nasdaq Composite
Support should appear near 1996 to 1982.
Resistance should appear near 2034 to 2042
Sept Mini Nasdaq 100
Resistance is at 1529 to 1536 and 1569 to 1576
Support is at 1484 and 1459 to 1453
Sept
10 Year T-Note
Resistance should
appear near 110-22 and 111-07
Support is
at 110-07 and 109-22
Precious Metals
August Gold
Recommended Open position Short 2 at 391.7 avg
Resistance should appear at
399.2 and 404.60
to 405.60
Support is at 392.9 to 390.9 and 386.7 to 385.8
Sept Copper
Support should appear near 12030 to 11920 and 11690 to 11640
Resistance should appear near 12320
to 12380 and 12680 to 12740
Sept Silver
Support should appear 585.5 to 588 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 3858 to 3867 then 3909 to 3929 and 3982 to 3992.
Support should appear near 3806 to 3795 and 3743 to 3734
August
Unleaded Gas
Recommended Open Position Short 1.2310
Resistance should appear
near 12500 and 12680 to 12740
Support should appear near 12380 to 12320 and 12030 to 11920
August Heating Oil
Resistance should appear near
10960 to 11010 and 11300 to 11360
Support should appear near 10680 to 10630 and 10580
The Lively Livestock
August Cattle
Recommended open position Short at 8645
Support should appear near 8502 to 8482 then 8407 to 8392 and
8317 to 8302
Resistance is at 8562 to 8592 then 8667 to 8682 and
8762 to 8777
August Hogs
Recommended Open Position Short 2 at 7627 avg
Support is at 7612 to 7587 and 7512 to 7487.
Resistance is at 7692 then 7762 to
7777 and 7837 to 7867
August Pork Bellies
Resistance should appear near 11157 and 11302
Support is
11012 to 10962 and 10822
--- Traders
should stay tuned for BW Updates and Flashes in the Livestock markets
---
The
Grande’ Grains
Sept Corn
Support should appear near
256 3/4 to 255 1/4
Resistance is
at 266 1/4 to 267 1/4 and 271 3/4 to 272 1/2
August Soybeans
Support
is at 795 1/2 to 793 3/4 then 786 1/2 to 783 3/4 and 777 3/4 to 776 1/4
Resistance is at 811 3/4 to 813 3/4 and
the 819 1/2 to 822 3/4 region
November Beans
Support is at 643 to 641 3/4 and 635 to 633 3/4
Resistance is at 657 1/4 to 659 1/4 then 665 3/4 to 667 1/4 and 674 1/4 to 675 1/2
August Soymeal
Support
should appear near 277.5 to 275.8 and 272.4 to 271.6
Resistance should appear near 282.0 to 282.9 and the 287.4 to 288.3
August Soybean Oil
Resistance
should appear near 2820 to 2829 and 2874 to 2884
Support should appear near 2775 to 2758 and 2724 to 2716
Sept CBOT Wheat
Support should appear near 337
3/4 and the 327 to 326 1/4 region ..
Below that a test of 321 1/4 to 319 1/2 is likely.
Resistance should appear
near 342 1/2 to 344 1/4 and 349 1/4 to 350 1/4
The Satisfying Softs
September Coffee
Support is near 7175 to 7140 and 7090 to 7075
Resistance should appear near 7325 to 7345and 7415 to 7430
Sept Cocoa
Support is at 1310 to 1304 and 1274 to 1268
Resistance is at 1334 to 1346 and 1377 to 1383
October Sugar
Support should appear near 795 to 791 and 767 to 763
Resistance should appear near 814 to 823 and 857 to 852
December Cotton
Support should appear
near 4855 to 4845 and the 4785 to 4775 region.
Resistance should appear near 4970 to 4995 then 5055 to 5065 and the 5125 to 5140 region
- 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
Sunday July 4th
10:45 PM South Florida Beach Time
Recommended Open BW Positions
Short Sept EC 12172
Short 2 September Swiss Francs 7963 avg
Long 2 Sept SP500 1133.00 avg
Short August Unleaded Gas 12310
Short 2 August Gold 391.7 avg
Short August Cattle 8640
Short 2 August Hogs 7627 avg
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