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

FuturesCom Investment Publications
Morning Comments Monday July 19th,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 18th, 2004
6:25 AM 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 to9140 and 9060 to 9044

Sept Euro Currency (EC)
Recommended open position Short at 12172
Support should appear at 12380 to 12350 and 12320
Resistance is at 12440 and 12500

Sept Swiss Franc
Recommended open position Short at 8022
Resistance should appear near 8194 to 8223 and 8300 to 8316
Support should appear near 8134 to 8119 and 8044 to 8029

Sept British Pound
Support should appear near 18580 and 18400
Resistance should appear near 16850 and 19020 to 19090..
BW Traders can sell at 19010 and risk a close over 19150 for three days in a row.

Sept Canadian Dollar
Recommended open position Short at 7540
Support should appear near 7601 to 7587
Resistance is at 7675 to 7690

Sept Aussie Dollar
Support should appear near 7255 to7242
Resistance should appear at 7328 to 7342

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10185 and 10257
Support should appear near 10136 to 10104 and 10037 to 10021

September SP500
Recommended open position Long 4 at 1124 80 avg
Resistance should appear near 1115.50 and 1130.00 to 1136.00
Support should appear near 1101.00 to 1096.00 and 1082.00

Nasdaq Composite
Support should appear near 1865 to 1858
Resistance should appear near 1902 to 1909

Sept Mini Nasdaq 100
Resistance is at 1415 to 1421
Support is at 1383 to 1377

Sept 10 Year T-Note
Resistance should appear near 111-22 and 112-07.
Support is at 111-07 and 110-22

Precious Metals

August Gold
Recommended open position short 2 at 391.7 avg
Resistance should appear at 411 to 412
Support is at 405.6 to 404.6

Sept Copper
Support should appear near 13100 to 13030 and 12740 to 12680 .
Resistance should appear near 13340 to 13460 and 13770 to 13830

Sept Silver
Recommended open position short at 633
Support should appear 659 to 657.5 and 651 to 648.5
Resistance is at 674.5 to 675.5 and 680.5 to 683.5

The Exciting Energies
Sept Crude Oil
Resistance should appear near 4163 to 4183 and 4238 to 4249
Support should appear near 4120 o 4110 and 4056 to 4046

Sept Unleaded Gas
Resistance should appear near 12740 then 13030 to 13100 and 13340 to 13480
Support should appear near 12680 and 12500.. Below that a test of 12380 to 12320 is likely

Sept Heating Oil
Resistance should appear near 11300 to 11360 and 11500
Support should appear near 11010 to 10960 and 10680 to 10580..

                                                   The Lively Livestock
August Cattle
Support should appear near 8302 then 8222 to 8192 and 8137 to 822
Resistance is at 8392 to 8407 and 8482 to 8502

August Hogs
Recommended open position Short 2 at 7655 avg
Support is at 7257 to 7242 then 7172 to 7142 and 7092 to 7072
Resistance is at 7327 to 7342 then 7412 to 7427 and 7487 to 7512

October Hogs
Support is at 6432 to 6417 and6352 too 6337.. below that a test of 6272 to 6257 is likely
Resistance is at 6482 to 6507 and 6577 to 6592 .

August Pork Bellies
Recommended open position short at 10920
Resistance should appear near 10817 and 10957 to 11012
Support is 10632 to 10577 and 10472.

                                  The Grande’ Grains
December Corn
Support should appear near 246 3/4 to 246 1/4 and 241 3/4 to 241 1/4
Resistance is at 251 1/4 to 251 3/4 then 255 1/4 to 256 3/4 and 261 1/4 to 261 3/4
BW Traders can sell at 260 3/4 and risk a close over 273 1/4 for three days in a row.

November Beans
Support is at 635 to 633 and 627 to 625 3/4
Resistance is at 641 3/4 to 643 and 648 3/4 to 650 3/4

December Soymeal
Recommended Open Position Short at 201
Support should appear near 198.2 then195.3 to 194.6 and 190.9 to 190.2
Resistance should appear near 203.4 to 204.2 and 208 to 208.9

December Soybean Oil
Recommended open position Short at 2314
Resistance should appear near 2411 to 2419 and 2461 to 2469
Support should appear near 2354 and 2322 to 2315

Sept CBOT Wheat
Support should appear near 332 3/4 to 331 3/4 and the 327 to 326 region.
Resistance should appear near 337 3/4 to 3383/4 and 342 1/2 to 344 1/4.

The Satisfying Softs

September Coffee
Support is near 7145 then 7090 to 7070.and 7005 to 6990
Resistance should appear near7240 to 7255 and 7325 to 7340
Aggressive BW Traders should go long if a close over 7265 occurs.

Sept Cocoa
Recommended open position short at 1452
Support is at 1496 to 1484
Resistance is at 1529 to 1535 and 1569 to 1576

October Sugar
Support should appear near 823 to 814 and 795 to 791
Resistance should appear near 847 to 852 and 887 to 882.
BW Traders can sell at 876 and risk a close over 917 for three days in a row.

BW Traders should go short if a close under 811 occurs.

December Cotton
Support should appear near 4715 to 4695 and 4650 to 4635 ..
Resistance should appear near 4775 to 4785 and 4845 to 4855

- 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 17th
8:35 AM 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 September Swiss Francs 8022
Short Sept Canadian Dollar 7540
Long 4 Sept SP500 1124.80 avg
Short 2 August Gold 391.7 avg
Short 2 August Hogs 7655 avg
Short August Pork Bellies 10920
Short December Soymeal 201
Short December Bean Oil 2314
Short Sept Cocoa 1452

Terms