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Morning Comments Thursday June 10th 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
Wed June 9th 2004
3:30 PM West Palm Beach
Time
Open BW
Positions
The Frenzied Forex Front
Sept Yen
Resistance should appear near 9140 to 9156
Support should appear near 9060 to 9044 and 8964 to 8934
Sept Euro Currency
Support should appear at 11920
and 11690 to 11640
Resistance is at 12030 and 12175
Sept Swiss Francs
Resistance
should appear near 8029 to 8044 and 8119 to 8134
Support should appear near 7954 to
7939 and 7864 to 7836
September British Pounds
Recommended Open Position Short 18240
Support should appear near 18080 and 17800 to 17740
Resistance should appear near 18150 to 18220 and 18400.
Sept Canadian Dollar
Recommended Open Position Short 3 at 7356
avg.
Support should appear near
7342 to 7238 and 7255 to 7242
Resistance is at 7414 to 7428 and
7486 to 7613 .
Sept Aussie Dollar
Support should appear near 6809 and 6755 to 6740
Resistance should appear at 6906 to 6919 and 6990 to 7003
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear
near 10470 and 10580 to 10630
Support should appear near 10360 to 10320 and 10185 .
Sept
SP500
Recommended open position Long at .1122.70
Resistance
should appear near 1136.00 and 1150.00
Support should appear near 1130 and 1115.50.
Nasdaq Composite
Support
should appear near 1982 and 1967.5
Resistance should appear near 1996 and 2034 to 2042
June Mini Nasdaq 100
Resistance is at 1484 to 1496 and 1529 to 1535.
Support is at 1471.5 and 1459 to 1453
Sept
10 Year T-Note
Resistance should
appear near 107-22 then 118-07 and 108-22
Support is at 107-07 and 106-22
Precious
Metals
August Gold
Recommended Open Position Short at 396.1
Resistance should appear at 385.8to 386.7and 390.9 to 392.9
Support is at 380.6 to 379.5 and 374.3 to 373.4
July Copper
Recommended Open Position Short 114.45
Support should appear near 11690 to
11640 and the 11360 to 11300 region
Resistance should appear near 11805
and 11920 to 12030 .
July Silver
Support should appear 557.5 to 555.5 and 521.5 to 520
Resistance is at 571.5 to 573 and 579.5 to 580.5
The Exciting Energies
July Crude Oil
Resistance should
appear near 3795 to 3806 and 3858 to 3867
Support should appear near 3743 to 3734 and 3682 to 3663
July Unleaded
Gas
Resistance should appear
near 11805 then 11920 to 12030 and 12320 to 12380 .
Support should appear near 11690 to 11640
and 11360 to 11300.
July Heating Oil
Resistance should appear near 9920 to 9935 and
10020 to 10035
Support should appear near 9735 to 9705 and 9545 to
9525 and 9345 to 9315
The Lively Livestock
August Cattle
Support should appear at 8872 to 8857 and 8777 to 8762 .
Resistance is at 8967 and 9042 to 9062
July Hogs
Recommended Open Position Short at 7762
Support is at 7512 to 7487 and 7427 to 7412
Resistance is at 7587 to 7602 and 7672 to 7692
August Hogs
Support is at 7512 to 7487 and 7427 to 7412
Resistance is at 7587 to 7602 and 7672 to 7692
July Pork Bellies
Resistance should appear near 10960 to 11010 and 11157
Support is 10820 and 10680 to 10630
--- Traders should stay
tuned for Updates and Flashes in the Livestock markets
---
The
Grande’ Grains
July Corn
Support should appear near 297 1/4
and 293 3/4 to 292 3/4
Resistance is
at 303 3/4 to 304 3/4 and 309 1/4 to 310 1/2
July Soybeans
Resistance is at 856 to 858 3/4 and the 876 1/4 to 877 3/4 region
Support is at 840 3/4 to 839 1/4 and
831 1/4 to 830
November Beans
Support is at 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 then 699 1/4 to 700 1/4
and the 714 1/4 to 717 region
July Soymeal
Support should appear near the 272 to 271.6 and 267.2 to 266.3
Resistance should appear near 275.8 to 277.5 and 282.0 282.9
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 and 2775 to
2755
July CBOT Wheat
Support
should appear near 356 1/4 to 355 3/4 and
350 1/4 to 349 1/4
Resistance should appear near
361 1/4 to 362 1/4 and 366 1/4 to 368 1/4
The
Satisfying Softs
Recommended open position Long 8135
Support is near 8225 to 8195 and 8135 to 8115 .
Resistance should appear near 8315 and 8395 to 8405 , beyond that a test
of 8485 to 8500 is likely.
July Cocoa
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
July Cotton
Support should appear
near 5655 to 5640 and 5575 to 5555
Resistance should appear near 5715 to 5730 and 5790 to 5805
- 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 9th 2004
4:30 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.
Recommended Open BW Positions:
Terms
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