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 Thursday June 3rd 2004
 Serving Professional and Individual Traders World Wide since 1988
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Wed June 2nd,  2004
3:00 PM. West Palm Beach Time  

Open BW Positions

                                The Frenzied Forex Front
June Yen
Resistance should appear near  9140 to 9156
Support should appear near the 9060 to 9044

June Euro Currency 
Recommended Open Position Short  5 at 12148 Avg
Support should appear at  1.2175 and 12102 
Resistance is at 12247 and 12320 to 12380 

June Swiss Francs
Recommended Open Position Short  8 at 7943 Avg.
Resistance should appear near 8029 to 8044 and the 8119 to 8134 region.
Support should appear near the 7954 to 7939 

June British Pounds
Recommended Open Position Short  17512 
Support  should appear near 18220 to 18080
Resistance should appear near 18400 and the1.8580 to 1.8650 region.

Sept Canadian Dollar 
Recommended Open Position Short 2 at  7328.
Support should appear near 7255 to 7242
Resistance is at 7328 to 7342 and 7414 to 7428..
BW traders can sell at 7412 and risk a close over 7517 for three days in a row. 
June Aussie Dollar 
Support should appear near 6919 to 6906 and 6836 to 6809 
Resistance should appear at 6990 to 7003 and 7074 to7088 

 

                                              The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10320 to 10360
Support should appear near 10185 and 10137 to 10104.

June SP500
Recommended open position Long 2 at 1114.10 avg.
Resistance should appear near 1130.00 to 1136. 
Support should appear near 1115.50  and 1101 to 1096..

Nasdaq Composite
Support should appear near 1982 and 1953 to 1946.
Resistance should appear near 1996, a close over augurs for a test of 2034 to 2042 

June Mini Nasdaq 100
Resistance is at 1484 to 1496 and the 1529 to 1536 region.
Support is at 1459 to 1453 and 1421 to 1415 ..

Sept 10 Year T-Note
Resistance should appear near  118-07 and 108-22
Support is at 107-22 and 107-07

Precious Metals

August Gold 
Recommended Open Position Short at  396.1
Resistance should appear at 398.2 to 399.2 and the 404.60 to 405.60 region.
Support is at 390.9 , a close under augurs for a test of 386.7 to 385.8 

July Copper
Recommended Open Position Short  114.45
Support should appear near 123.80 to 123.20
Resistance should appear near 126.80 to 127.40 and 130.40 to 131.00.

July Silver
Support should appear 580.5 to 579.5 and the 656 to 564 region 
Resistance is at 585.5 to 588 and 594.5 to 595.5  

                                The Exciting Energies
July Crude Oil
 Resistance  should appear near 4046 to 4056 and 4110 to 4120 
Support should appear near 3929 to 3909 and 3867 to 3858

July Unleaded  Gas
Resistance should appear near 13040 to 13100 and 13340 to 13460.
Support should appear near 12740 to 12680 and 12380 to 12320 

July Heating Oil
Resistance should appear near 10320 to 10360 and 10580 to 10680
Support should appear near 10035 to 10020 and 9835 to 9820 

                                                    The Lively Livestock

August Cattle
Support should appear at 8967 to 8932 and 8872 to 8857 . 
Resistance is at 9042 to 9062 and 9137 to 9157 

July Hogs
Support is at 7512 to 7487 and 7432 to 7417 
Resistance is at 7587 to 7602 then 7672 to 7692 and the 7762 to 7777 region 
BW Traders can sell at 7762 and risk a close over 7877 for three days in row. 

August Hogs
Support is at 7512 to 7487  and 7432 to 7417 
Resistance is at 7587 to 7602 and 7672 to 7692

July Pork Bellies
Resistance should appear near 11640 to 11690 . Beyond that sellers should appear near 11805.  
Support  is 11500 and 11360 to 11320  

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

 

The Grande’ Grains

July Corn
Recommended Open Position Short 325 3/4
Support should appear near 319 1/2 and 315 3/4 to 314 3/4 
Resistance  is at to 326 1/4 to 327 and 331 3/4 to 332 3/4 

July Soybeans
Resistance is at 856 to 858 3/4 and 866 3/4  to 868 1/4 
Support is at  840 3/4 to 839 1/4 and   831 1/2 to 830 

November Beans
Support is at 717 to 714 and 683 3/4  to 680 3/4
Resistance should appear near  724 1/4 to 725 1/2 and 741 1/2 to 742 3/4.

July Soymeal
Support should appear near the 262 to 261.2 and 256.8 to 255.2
Resistance should appear near 267.2 then 271.6 to 272.4 and 275.8 to 277.5
 BW  Traders can sell at 275.7 and risk a close over 283.6 for three days in a row..

July Soybean Oil
Recommended Open position Short 2924
Resistance should appear near  2924 to 2937 and 2972 to 2990 
Support should appear near 2883 to 2874 and  2829 to 2820                               

July CBOT Wheat
Recommended open Position Short at 373 1/2 
Support should appear near 374 1/4 to 373 1/2 and 368 1/4 to 366 1/4  
Resistance  should appear near 379 1/2 to 380 3/4 and 385 3/4to 386 3/4


                                  The Satisfying Softs

July the ‘Monster’ Coffee
Support is near 8315 to 8300 then 8225 to 8195 and the 8135 to 8115 region.. BW Traders can buy at 8135 and hold for higher prices.. risk a close under 7820 for three days in a row.. Below that buyers should appear near the 7780 to 7765 0 region.
Resistance should appear near 8395 to 8405 then 8485 to 8500 and 8560 to 8590.  

July Cocoa 
Recommended Open Position Short 1374
Support is at 1346 to 1334 and  the 1310 to 1304 region.
Resistance is at 1377 to 1383 and 1415 to 1421. 

July Sugar
 Support should appear near 704 and 686 to 682 
Resistance should appear near  712 and 735 to 739.

July  Cotton
Support should appear near 5730 to 5715 and the 5655 to 5640 region     
Resistance should appear near 5855to 5880 and 5945 to 5955  

 _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  
Wed June 2nd  2004
4:00 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. 
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FuturesCom Investment Publications Copyright@1996-2004 all rights reserved

Recommended Open BW  Positions:
Short 5 June  EC 12148 avg
Short 8 June Swiss Franc 7943 avg
Short  June  British Pounds  17512
Short  2 Sept Canadian Dollars 7328
Long  2 June SP500 1114.10 avg 
Short August Gold 396.1 
Short July Copper 11445 
Short July Soybean Oil 2924
Short July Wheat 373 1/2 
Short July Cocoa 1374