Economic and Investment Trend Analysis

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Monday June 21st 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

Saturday June 19, 2004
6:00 AM eastern time

Open BW Positions

The Frenzied Forex Front
Sept Yen
Resistance should appear near 9237 and 9316 to 9347..
Support should appear near 9156 to 9140 and 9060 to 9044

Sept Euro Currency (EC)
Support should appear at 12030 to 11975 and 11920
Resistance should appear near 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
Recommended Open Position Short at 2 at 7963 avg
Resistance should appear near 8119 to 8134
Support should appear near 8044 to 8029 .

Sept British Pound
Support should appear near 18220 to1.8150 to 18080
Resistance should appear near 18400 and the 18580 to 18650 region.

Sept Canadian Dollar
Recommended Open Position Short at 7327
Support should appear near7255 to 7242 and the 7170 to 7143 region.
Resistance is at 7328 to 7342.and 7414 to 7428 .
BW Traders should go short if a close under 7237 occurs.

Sept Aussie Dollar
Support should appear near 6809 and 6755 to 6741..
Resistance should appear at 6836 and 6906 to 6919

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 10257 .

September SP500
Recommended Open position Long at 1131.20
Resistance should appear near 1136.00 and 1150.00 .
Support should appear near 1130.00 and 1115.50.

Nasdaq Composite
Support should appear near 1984 and 1953 to 1946.
Resistance should appear near 1996 and 2015

Sept Mini Nasdaq 100
Resistance is at 1484 to 1496
Support is at 1459 to 1453.

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

Precious Metals

August Gold
Recommended Open Position Short 2 at 387.3 avg
Resistance should appear at 398.2 to 399.2 and 404.6 to 405.6
Support is at 392.9 to 390.9 and 386.7 to 385.8.

July Copper
Support should appear near 11690 to 11640 and 11500.
Resistance should appear near 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 595.5 to 594.5 then 588 to 585.5 and 573.5 to 571.5..
Resistance is at 602.5 to 603.5 and 616.5 to 619. Beyond that sellers should appear near 625.5 to 627 and the 633 to 635 region. BW traders can sell at 624 and initially plan on a risk of a close over 647 for three days in a row.

The Exciting Energies
August Crude Oil
Resistance should appear near 3909 to 3929 then 3982 to 3992 and the 4046 to 4056 region..
Support should appear near 3867 to 3858 and 3806 to 3795 ..

August Unleaded Gas
Resistance should appear near 11920 to 12030 and 12320 to 12380
Support should appear near 11690 to 11640 and 11360 to 11300

August Heating Oil
Resistance should appear near 10580 to 10680 and 10960 to 11010
Support should appear near 10320 and 10140 to 10105

The Lively Livestock

August Cattle
Support should appear near 8682 to 8667 and 8592 to 8562 .
Resistance is at 8762 to 8777 and 8857 to 8872

July Hogs
Recommended Open Position Short at 7762
Support is at 7777 to 7762 and 7692 to 7672
Resistance is at 7832 to 7867 and 7937 to 7957

August Hogs
Support is at 7602 to 7587 and 7512 to 7487
Resistance is at 7692 and the 7762 to 7777 region.

July Pork Bellies
Resistance should appear near 11640 to 11690 and 11802
Support is 11502 and 11360 to 11302

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

The Grande’ Grains

July Corn
Support should appear near 272 1/2 to 271 3/4 and 267 1/4 to 266 3/4 .
Resistance is at to275 3/4to 277 1/2 and 282 to 282 3/4 ..

July Soybeans
Resistance is at 876 1/4 to 877 3/4 then 885 3/4 to 887 3/4 and 904 1/2 to 906 3/4
BW Traders can sell at 903 1/4 and risk a close over 917 1/2 for three days in a row
Support should appear near 858 3/4 to 856 and 840 3/4 to 839 1/4

November Beans
Support is at 659 1/4 to 657 1/4 then 650 3/4 to 648 3/4 and 635 to 633 3/4
Resistance is at 674 1/4 to 675 1/2 then 680 3/4 to 683 3/4 and 690 3.4 to 691 /3

July Soymeal
Support should appear near 282.9 to 282.0 and 277.5 to 275.8.
Resistance should appear near 287.4 to 288.3 and 292.8 to 293.7 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 2734
Resistance should appear near 2758 to 2775 and 2820 to 2829 .
Support should appear near 2724 to 2716 and the 2672 to 2663 region

July CBOT Wheat
Support should appear near 344 1/2 to 342 1/2 and the 338 3/4 to 337 3/4 region. Below that 332 3/4to 331 3/4 should provide some support.
Resistance should appear near 355 1/4 to 356 1/4 and 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 7780 to 7765 and 7605 to 7585.
Resistance should appear near 7940 to 7955 and 8115 to 8135

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 739 to 735 and 712 to 704
Resistance should appear near 763 to 767 and 791 to 795
BW traders can sell at 789 and risk a close over 827 for three days in a row.

December Cotton
Recommended open position long at 5510
Support should appear near 5355 to 5345 and 5280 to 5270
Resistance should appear near 5490 to 5505 and the 555 to 5580.. Beyond that a test of 5640 to 5655 is likely.

- 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 19th, 2004
7:00 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 Swiss Francs 7963 avg
Short September Canadian Dollars 7327
Long Sept SP500 1131.20
Short 2 August Gold 387.3 avg
Long 2 Sept Coffee 8440 avg
Short July Hogs 7762
Short July Soybean Oil 2734
Long Dec Cotton 5510

Terms