Economic and Investment Trend Analysis

Economic and Investment Trend Analysis - Socio Economics
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Monday June 7th, 2004
Serving Professional and Individual Traders World Wide since 1988
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"Politics is not a bad profession. If you succeed there are many rewards, if you disgrace yourself you can always write a book" Ronald Reagan (1911 - 2004)

Sunday June 6th 2004
6:15 AM West Palm Beach Time
Open BW Positions
Day traders should stay tuned for flashes in all mkts

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 2 at 12267
Support should appear at 1.2247 and 12175
Resistance is at 12320 to 12380 and 12500

Sept Swiss Francs
Recommended Open Position Short 5 at 8099
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 18150 and 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 7342 to 7238 and 7255 to 7242
Resistance is at 7414 to 7428 and 7486 to 7613 .
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 and 10470
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 .1122.70

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 1459 and 1484 to 1496.
Support is at 1437 and 1421 to 1415

Sept 10 Year T-Note
Resistance should appear near 107-22 then118-07 and 108-22
Support is at 107-07 then 106-22 and 106-07

Precious Metals

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

July Copper
Recommended Open Position Short 114.45
Support should appear near 12030 to 11920 and 11690 to 11640
Resistance should appear near 12320 to 12360 and 126.80 to 127.40 .

July Silver
Support should appear 573.0 to 571.5 and 565.5 to 564
Resistance is at 585.5 to 588 and 594.5 to 595.5

The Exciting Energies
July Crude Oil
Resistance should appear near 3858 to 3867 then 3909 to 3929 and the 3982 to 3992 region
Support should appear near 3806 to 3795 and the 3743 to 3734 region

July Unleaded Gas
Resistance should appear near 11920 to 12030 then 12320 to 12380 and the 12680 to 12740 region. .
Support should appear near 11690 to 11640 and 11360 to 11300 . Below that a test of 11010 to 10960
region is likely to occur..

July Heating Oil
Resistance should appear near 10020 to 10035 and the 10320 to 10360 region
Support should appear near 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 11500 and the 11640 to 11690 region
Support is 11360 to 11300 and 11010

--- 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 to309 1/4 to 310 1/2 and 314 3/4 to 315 3/4

July Soybeans
Resistance is at 839 1/4 to 840 3/4 and the 856 to 858 3/4 region.. Which shold cap a rally..
Support is at 831 1/4 to 830 and 813 1/2 to 811 3/4 . Below that buyers should appear near
804 1/2 to 802 3/4

November Beans
Support is at 691 3/4 to 690 3/4 then 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 699 1/4 to 700 1/4 and the 714 1/4 to 717 region

July Soymeal
Support should appear near the 262 to 261.2 and 256.8 to 255.2
Resistance should appear near 266.3 to 267.2 the 271.6 to 272.0 .and the 275.8 to 277.5 region.. Which should cap a rally for a bit.. BW traders can sell at 275.7 and risk a close over 283.6 for three days in a row.

July Soybean Oil
Resistance should appear near 2874 to 2883 and 2928 to 2937..
Support should appear near 2820 to 2820 then 2775 to 2755 and 2724 to 2716

July CBOT Wheat
Recommended open Position Short at 373 1/2
Support should appear near 358 1/4 to 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 1334 and the 1310 to 1304 region.
Resistance is at 1377 to 1383 and 1415 to 1421.

July Sugar
Support should appear near 712 to 704 and 686 to 682
Resistance should appear near 735 to 739 and the 763 to 767 region which should cap a rally for a bit

July Cotton
Support should appear near 5730 to 5715 then 5655 to 5640 and 5575 to 5555
Resistance should appear near 5790 to 5805 then 5855 to 5880 and 5945 to 5955

Day 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

Sunday June 6th 2004
9:15 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 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