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Investment Publications
Morning Comments Thursday July 1st,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 30th, 2004
2:20 PM eastern time
Open BW
Positions
The Frenzied Forex Front
Sept Yen
Recommended open position Short at 9220
Resistance should appear near 9316 to 9347.
Support should appear near the 9237 and the 9156 to 9140 region.
Sept Euro Currency (EC)
Recommended Open Position Short at 12173
Support should appear at 12175
and 12102
Resistance is at 12248 and 12320 to
12380.
Sept
Swiss Franc
Recommended Open Position Short 2 at 7963 Avg
Resistance should appear near 8029 to 8044 and the 8119 to 8134
region.
Support should appear near 7954 to
7939 .
Sept British Pound
Support should appear near 17800 to 17740.
Resistance should appear near
18080 to 18150 and 18220
Sept Canadian Dollar
Recommended Open Position Short at 7327
Support should appear near 7428
to 7414
Resistance is at 7487 to 7513
Sept Aussie Dollar
Support should appear near 6836 to 6809 and 6755 to 6741
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 the 10580 to 10630 region.. Beyond that a test of 10-680
is likely
Support should appear near 10360 to 10320 .. Below that buyers
should appear near 10185.
September SP500
Recommended open position Long 2 at 1133 .00 avg
Resistance should appear near 1143. An extended trade or close over augurs
for a test of 1150 and most likely the 1164 to 1169 region.
Support should appear near 1136 to 1133.00 and 1130.00.. Below that
1115.50 and the 1101.00 to 1096.00 region offers
support BW Traders can at 1115.50 for a good bounce and Hold for
higher price..
BW Traders should go long if a close over 1143.40 occurs.
Nasdaq Composite
Support should appear near 2042 to 2034 and 1996 to 1982.
Resistance should appear near 2042
and 2080 to 2089
Sept Mini Nasdaq 100
Resistance is at 1529 to 1536 and 1569 to 1576
Support is at 1496 to 1484 and 1459 to 1453
Sept
10 Year T-Note
Resistance should
appear near 109-22 and 110-07
Support is
at 109-07 and 108-22
Precious Metals
August Gold
Recommended Open position Short 2 at 391.7 avg
Resistance should appear at
398.2 to 399.2 and 404.60
to 405.60
Support is at 392.9 to 390.9 and 386.7 to 385.8
Sept Copper
Support should appear near 12030 to 11920 and 11690 to 11640
Resistance should appear near 12320
to 12380 and 12680 to 12740
Sept Silver
Support should appear 580.5 to 579.5 and 565.5 to 564
Resistance is at 588 and 602.5 to 603.5.
The Exciting Energies
August Crude Oil
Resistance should
appear near 3663 to 3683 and 3734 to 3743 .
Support should appear near 3563 to 3553 and the 3443 to 3425 region.
August
Unleaded Gas
Resistance should appear
near 115 and 11640 to 11690
Support should appear near 11300 and the 11010 to 10960
region.
August Heating Oil
Resistance should appear near
9920 to 9940 and 10105 to 10135
Support should appear near 9735 to 9705 and the 9345 to 9315 region.
The Lively Livestock
August Cattle
Recommended open position Short at 8645
Support should appear near 8502 to 8482 then 8407 to 8392 and
8317 to 8302
Resistance is at 8592 then 8667 to 8682 and
8762 to 8777
August Hogs
Recommended Open Position Short at 7490
Support is at 7612 to 7587 and 7512 to 7487.
Resistance is at 7672 to 7692
and 7762 to 7777,
BW Traders can sell at 7762 and risk a close over 7877 for three days in a
row.
August Pork Bellies
Resistance should appear near 11302 to 11362 and 11500
Support is
11157 and 11012 to 10962
--- Traders
should stay tuned for BW Updates and Flashes in the Livestock markets
---
The
Grande’ Grains
Sept Corn
Support should appear near
256 3/4 to 255 1/4 and 251 3/4 to 251 1/4
Resistance is
at to 262 and 266 1/4 to 267 1/4
August Soybeans
Support
is at 777 3/4 to 776 1/4 and 768 3/4 to 767 1/2
Resistance is at 793 3/4 to 795 1/2. and 802 3/4 to 804 1/2
November Beans
Support is at 667 1/4 to 665 3/4 and 659 1/4 to 657 3/4
Resistance is at 674 1/4 to 675 1/2 and 680 3/4 to 683 3/4
August Soymeal
Recommended open position Short 290
Support should appear near 271.6 then 267.2 to 266.3 and 262 to 261.2
Resistance should appear near 275.8 to 277.5 and 282.0 to 282.9
August Soybean Oil
Recommended Open Position Short 2818
Resistance should appear near 2758 to 2775 and 2820 to 2829
Support should appear near 2724 to 2716 and 2673 to 2663
Sept CBOT Wheat
Support should appear near 338 3/4 to 337
3/4 and the 327to 326 1/4 region
Resistance should appear
near 342 1/2 to 344 1/4 and 349 1/4 to 350 1/4
The Satisfying Softs
September Coffee
Support is near 7430 to 7415 and 7345 to 7325
Resistance should appear near 7585 to 7605 and 7760 to 7780
Sept Cocoa
Support is at 1334 and 1310 to 1304
Resistance is at 31377 to 1383 and 1415 to 1421.
October Sugar
Support should appear near 767 to 763 and 739 to 739
Resistance should appear near the 791 to 795 and 814 to 823
December Cotton
Support should appear
near 5070 to 5055 and 4995 to 4970
Resistance should appear near 5200 to 5210 and 5345 to 5355
- 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 30th
3:30 PM South Florida Beach Time
Recommended Open BW Positions
Short Sept Japanese
Yen 9220
Short Sept EC 12172
Short 2 September Swiss Francs 7963 avg
Short September Canadian Dollars 7327
Long 2 Sept SP500 1133.00 avg
Short 2 August Gold 391.7 avg
Short August Cattle 8640
Short August Hogs 7490
Short August Soymeal 290.0
Short Aug Soybean Oil 2818
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