Economic and Investment Trend Analysis

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Tuesday June 15th 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

Monday June 14, 2004
2:00 PM eastern 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 8964 to 8934 and the 8871 to 8856 region….

Sept Euro Currency (EC)
Support should appear at 12030 to 11975 and 11920
Resistance is at 12102 and 12175 BW Traders can sell at 12172 and risk a close over 12262 for three days in a row...
BW Traders should go if short if a close under 11917 occurs.

Sept Swiss Franc
Resistance should appear near 8029 to 8044 and the 8119 to 8134 region.
BW Traders should sell at 8022 and risk a close over 8141 for three days in a row..
Support should appear near the 7954 to 7939 and the 7864 to 7836 region..
BW Traders should go short if a close under 7932 occurs.

Sept British Pound
Support should appear near 1.7942.. An extended trade or close under augurs for a test of 17800 to 17740.
Resistance should appear near 18080 to 18150 and 18220.
BW Traders can sell at 18212 for a turn lower and risk 120 pts..

Sept Canadian Dollar
Support should appear near 7255 to 7242, a close under augurs for a test of 7170 to 7143
Resistance is at 7328 to 7342.and 7414 to 7428 ..BW Traders can sell at 7327 and risk a close over 7432 three days in a row.
BW Traders should go short if a close under 7237 occurs.

Sept Aussie Dollar
Support should appear near 6755 to 6741 , below that a test of 6673 to 6659 is likely.
Resistance should appear at 6809 to 6836 and 6906 to 6919

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10320 to 10360 and 10470
Support should appear near 10257 and 10185.

September SP500
Recommended Open position Long at 1131.20
Resistance should appear near 1130 to 1136.
Support should appear near 1115.50 and the 1101.00 to 1096.00.region..

Nasdaq Composite
Support should appear near 1953 to 1946.
Resistance should appear near 1984 to 1996

Sept Mini Nasdaq 100
Resistance is at 1471.and 1484 to 1496
Support is at 1453 and 1421 to 1415.

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

Precious Metals

August Gold
Recommended Open Position Short at 384
Resistance should appear at 385.8 to 386.7 and 390.9 to 392.9.
.BW Traders can sell at 390.7 and risk a close over 399.7 for three days in a row ..
Support is at 380.6 to 379.5 and 374.3 to 373.4 region.

July Copper
Support should appear near 11500 and the 11360 to 11300 region.. Under that 11010 to 10960 should contain a decline.
Resistance should appear near11640 to 11690 and 11920 to 12030 .. Beyond that sellers should appear near the 12320 to 12380 region.. BW Traders can sell at 12310 and risk a close over 127 70 for three days in a row..

July Silver
Support should appear 565.5 to 564, below that a test of 557.5 to 555.5 is likely..
Resistance is at 571.5 to 573 and 585.5 to 588

The Exciting Energies
August Crude Oil
Resistance should appear near 3806 then 3858 to 3867 and 3909 to 3929
Support should appear near 3743 to 3734 and the 3682 to 3663 region

August Unleaded Gas
Resistance should appear near 11640 to 11690 then 11920 to 12030 and 12680 to 12740 .
Support should appear near 11360 to 11300 and 11010 to 10960 .

August Heating Oil
Resistance should appear near 9920 to 9935 and 10020 to 10035 .
Support should appear near 9740 to 9705 and 9545 to 9525

The Lively Livestock

August Cattle
Support should appear near 8592 to 8562 and the 8502 to 8482 region
Resistance is at 8667 to 8682 and 8762 to 8777

July Hogs
Recommended Open Position Short at 7762
Support is at 7602 to 7587 and 7512 to 7487
Resistance is at 7677 to 7692 and 7762 to 7777

August Hogs
Support is at 7602 to 7587 and 7512 to 7487
Resistance is at 7672 to 7692.. Beyond that sellers should appear near 7762 to 7777

July Pork Bellies
Resistance should appear near 11300 to 11360 and 11500
Support is 111.57 and 11010 to 10960

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

The Grande’ Grains

July Corn
Support should appear near 287 1/2 and 283 to 282 3/4.
Resistance is at to 292 3/4 to 293 3/4 and 303 3/4 to 304 3/4 .BW Traders can sell at 303 1/4 and risk close over 311 1/2 for three days in a row. ..

July Soybeans
Resistance is at 904 ½ to 906 and 914 to 915 3/4 ..Well Heeled BW Traders can sell at 903 ¼ and plan on an initially risking a close over 917 ½ for three days in a row..
Support is at 868 1/4 to 866 3/4 and 858 3/4 to 856.

November Beans
Support is at 667 1/2 to 665 3/4 and 659 1/4 to 657 1/4.
Resistance is at 690 3/4 to 691 3/4. Beyond that sellers should appear near 714 1/4 to 717.

July Soymeal
Support should appear near the 277.5 to 275.8 and 267.2 to 266.3.
Resistance should appear near the 282. to 282.9 region ..Beyond that sellers should appear near 287.4 to 288.3. Which should Cap a rally for a bit. BW Traders can sell at 287.3 and risk a close over 295.7 for three days in a row.

July Soybean Oil
Recommended Open Position Short at 2873
Resistance should appear near 2820 to 2829 and 2874 to 2883..
Support should appear near 2775 to 2758 and the 2724 to 2716 region
BW Traders should go short if close under 2752 occurs.

July CBOT Wheat
Support should appear near 356 1/4 to 355 1/4 and 344 1/2 to 342 1/2
Resistance should appear near the 361 1/4 to 362 1/4. region. Beyond that sellers should appear near 366 1/4 to 368 1/4.BW Traders can sell at 365 3/4 and risk a close over 376 1/4 for three days in a row

The Satisfying Softs

September Coffee
Recommended Open Position Long 2 at 8440 avg
Support is near 8135 to 8115 and 8045 to 8020. Below that buyers should appear near the 7780 to 7765 region.
Resistance should appear near 8300 to 8315 and 8390 to 8405.
BW Traders should go long if a close over 8785 occurs..

Sept Cocoa
Support is at 1334 and the 1310 to 1304 region. Below that a test of 1274 to 1268 is likely..
Resistance is at 1377 to 1383 and the 1415 to 1421 region.. Beyond that sellers should appear near 1453 to 1459
BW Traders can sell at 1452 and risk a close over 1515 for three days in a row..

October Sugar
Support should appear near 712 to 704 , a close under is negative and augurs for a test of 686 to 682 .
Resistance should appear near 735 to 739 and 763 to 767

December Cotton
Support should appear near 5655 to 5640. Below that buyers should appear near 5580 to 5555 and the 5505 to 5490 region , which should hold. BW Traders can buy at 5510 and risk a close under 5405 for three days in a row..
Resistance should appear near 5790 to 5805 and 5855 to 5880

- 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
Monday June 14th, 2004
3:00 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.

Recommended Open BW Positions
Long Sept SP500 1131.20
Short August Gold 384.0
Long 2 Sept Coffee 8440 avg
Short July Hogs 7762
Short July Soybean Oil 2873