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FuturesCom Investment Publications
Morning Comments  Monday June 7th 2004
Serving Professional and Individual Traders World Wide since 1988
7690 Rockport Circle ,  Lake Worth ,  Florida 33467 -  USA and Canada Toll Free :
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Saturday June 6th 2004
7:00 PM. West Palm Beach Time  

Open BW Positions
 

                                The Frenzied Forex Front
Sept Yen
Resistance should appear near  9044 to 9060 and 9140 to 9156
Support should appear near the 8964 to 8934 and the 8871 to 8856 region 

Sept Euro Currency 

Recommended Open Position Short  5 at 12148 Avg
Support should appear at  1.2175 and the 12030 to 11920 region  
Resistance
is at 12247 and 12320 to 12380 

Sept 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 and the 7864 to 7836 region 

September British Pounds
Recommended Open Position Short  18240 
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 and 7170 to 7143 
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. 

Sept Aussie Dollar 
Support
should appear near 6836 to 6809 and 6755 to 6741
Resistance should appear at 6909 to 6919 and 6990 to 7003

 

                                              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  at 1112.10 .
Resistance
should appear near 1130.00 to 1136. 
Support
should appear near 1115.50  and 1101 to 1096..  

Sept SP500 
Recommended open position Long  at .

Nasdaq Composite
Support
should appear near 1953 to 1946 and 1909 to 1902 
Resistance should appear near 1982 to 1996 and  2034 to 2042 

June Mini Nasdaq 100
Resistance
is at 1453 to 1459 and 1484 to 1496.
Support is at 1421 to 1415 and 1383 to 1377

Sept 10 Year T-Note
Resistance
should appear near  118-07 then 108-22 and 109-07
Support is at 107-22 then 107-07 and 106-22

Precious Metals

August Gold 
Recommended Open Position Short at  396.1
Resistance
should appear at 390.9 to 392.9 then 398.2 to 399.2 and the 404.60 to 405.60 region.
Support
is at 386.7 to 385.8 then 380.6 to 379.5 and the 374.3 to 373.4 region 

July Copper
Recommended Open Position Short  114.45
Support should appear near 123.80 to 123.20 and 12030 to 11920 
Resistance should appear near 126.80 to 127.40 and 130.40 to 131.00.

July Silver
Support
should appear 565.5 to 564 and  557.5 to 555.5 region 
Resistance
is at 585.5 to 588 and 594.5 to 595.5  

                                The Exciting Energies
July Crude Oil
Resistance  should appear near 3982 to 3992 then 4046 to 4056 and 4110 to 4120 
Support
should appear near 3909 then 3867 to 3858 and the 3806 to 3795 region

July Unleaded  Gas
Resistance should appear near 12680 to 12740 then 13040 to 13100 and 13340 to 13460.
Support should appear near 12380 to 12320 then12030 to 11920  and 11690 to 11640 region 

July Heating Oil
Re
sistance should appear near 10020 to 10035 and the 10320 to 10360 region
Support
should appear near  9835 to 9820 then 9735 to 9705 and 9545to 9525

                                                    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
Recommended Open Position Short at 7762
Support is at 7762 then 7692 to 7672 and 7602 to 7587 
Resistance is at 7837 to 7867 and the 7937 to 7952 region  

August Hogs
Support
is at 7692 to 7672 and 7607 to 7587 
Resistance is at 7762 to 7777 and the 7837 to 7867 region

July Pork Bellies
Resistance
should appear near 11805 and 11920 
Support  is 11642  and  11500  

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

 

The Grande’ Grains

July Corn
Support should appear near 304 3/4 to 303 3/4 and 299 to 297 1/4  
Resistance
 is at to 314 3/4 to 315 3/4 and 319 1/2 to 321 1/4  

July Soybeans
Resistance
is at 811 3/4 to 813 1/2 and 830 to 831 1/4 
Support is at 795 1/2 to 793 3/4 and 777 3/4 to 776 1/4 

November Beans
Support
is at 683 3/4  to 680 3/4 and the 675 1/2 to 674 1/4 region.. Below that buyers should appear near 667 1/4 to 665 34..BW traders can buy at 667 3/4 and risk a close under 646 3/4 for three days in a row.
Resistance
should appear near 690 3/4 to 691 3/4 and 699 1/4 to 700 1/4 

July Soymeal
Support
should appear near the 251.to 251.1 and 241,9 to 241.1 
Resistance should appear near 255.2 to 256.8 and 261.2 to 262.0 .

July Soybean Oil
Resistance
should appear near 2820 to 2829 and  2874 to 2883 
Support should appear near 2775to 2755 and 2724 to 2716                              

July CBOT Wheat
Recommended open Position Short at 373 1/2 
Support should appear near 366 1/4 then 362 1/4 to 361 1/4 and the 356 1/4 to 355 3/4 region 
Resistance
  should appear near 373 3/4 to 374 3/4 then 379 1/2 to 380 3/4 and 385 3/4to 386 3/4


                                  The Satisfying Softs

July the ‘Monster’ Coffee
Support
is near 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 686 to 682 and 661 to 656 
Resistance
should appear near 704 to 712 and 735 to 739.

July  Cotton
Support should appear near 5655 to 5640 and the 5580 to 5555 region      
Resistance
should appear near 5715 to 5730 and 5790 to 5805 and 5855 to 5880   

                                              Traders should stay tuned for Day trades in all mkts 

-- 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  

Saturday June 5th  2004
8:00 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. 
                                                                         Terms 

FuturesCom Investment Publications Copyright@1996
-2004 all rights reserved


YTD Basic Service Performance 112 %
Recommended Open BW  Positions:
Short 2 September  EC 12267
Short 5 June Swiss Franc 8099
Short September British Pounds  18240
Short  2 Sept Canadian Dollars 7328
Long  June SP500 1112.20
Long Sept SP500 1122.70 
Short August Gold 396.1 
Short July Copper 11445 
Short July Hogs 7762
Short July Wheat 373 1/2 
Short July Cocoa 1374