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FuturesCom Investment Publications
Morning Comments Tuesday July 6th,2004
 Serving Professional and Individual Traders World Wide since 1988
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Sunday July 4th, 2004
10:00 PM eastern time 

Open BW Positions

                                The Frenzied Forex Front
Sept Yen
Resistance
should appear near 9316 to 9347 and the 9429 to 9445  region ..
BW  Traders can sell at 9427 for a turn lower and risk a close over 9549 for three days in a row. 

Support
should appear near 9237, an extended trade under augurs for a test of 9156 to 9140 and most likely the 9060 to 9044 region..

Trade Accordingly and Stay tuned for updates 

Sept Euro Currency (EC)
Recommended Open Position Short at 12173
Support should appear at 12248 and 12175  
Resistance is at 12320 to 12380.

Sept
Swiss Franc
Recommended Open Position Short 2 at 7963 Avg
Resistance should appear near  8194 to 8223  
Support should appear near 8134 to 8119 and 8044 to 8029

Sept British Pound
Support
 should appear near  18150 and 18080 
Resistance should appear near 18400 and 18580 to 18650

Sept Canadian Dollar
S
upport should appear near 7513 to 7487  
Resistance is at 7587 to 7601 

Sept Aussie Dollar
Support
should appear near 7003 to 6990 
Resistance should appear at  7088 and 7143 to 7170  
 

                                       The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance
should appear near 10320 to 10360
Support should appear near 10257and 10185 and 10136 to 10104

September SP500
Recommended open position Long 2 at 1133 .00 avg
Resistance
should appear near 1130.00 to 1133.00 and 1136.00 
Support should appear near 1115.50 and the 1101.00 to 1096.00 region   
BW Traders can buy at 1115.50 for a good bounce and Hold for higher price..

* BW Traders should go long if a close over 1136.40 occurs.

Nasdaq Composite
Support
should appear near 1996 to 1982.
Resistance should appear near 2034 to 2042 

Sept Mini Nasdaq 100
Resistance
is at 1529 to 1536 and 1569 to 1576
Support is at 1484 and 1459 to 1453

Sept 10 Year T-Note
Resistance
should appear near 110-22 and 111-07 
Support
is at 110-07 and 109-22 

Precious Metals

August Gold
Recommended Open position Short 2  at 391.7  avg
Resistance should appear at   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 585.5 to 588  and 580.5 to 579.5... 
Resistance
is at 602.5 to 603.5.and 616.5 to 619.0 

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

August Unleaded  Gas
Recommended Open Position Short 1.2310 
Resistance should appear near 12500 and  12680 to 12740 
Support
should appear near 12380 to 12320 and 12030 to 11920 

August Heating Oil
Re
sistance should appear near 10960 to 11010 and 11300 to 11360 
Support
should appear near 10680 to 10630 and 10580    

                                                         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 8562 to 8592 then 8667 to 8682 and 8762 to 8777  

August Hogs
Recommended Open Position Short 2 at 7627 avg
Support is at  7612 to 7587 and 7512 to 7487.
Resistance is at  7692 then 7762 to 7777 and 7837 to 7867

August Pork Bellies
Resistance
should appear near 11157 and 11302 
Support  is 11012 to 10962 and 10822

            ---  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
Resistance
 is at 266 1/4 to 267 1/4 and 271 3/4 to 272 1/2 

August Soybeans
Support
is at  795 1/2 to 793 3/4 then 786 1/2 to 783 3/4 and 777 3/4 to 776 1/4 
Resistance  is at   811 3/4 to 813 3/4 and the 819 1/2 to 822 3/4 region 

November Beans
Support
is at  643 to 641 3/4 and 635 to 633 3/4
Resistance is at 657 1/4 to 659 1/4 then 665 3/4 to 667 1/4 and 674 1/4 to 675 1/2

August Soymeal
Support
should appear near  277.5 to 275.8 and 272.4 to  271.6 
Resistance should appear near 282.0 to 282.9 and the 287.4 to 288.3 

August Soybean Oil
Resistance
should appear near 2820 to 2829 and 2874 to 2884
Support should appear near 2775 to 2758 and 2724 to 2716 

Sept CBOT Wheat
Support
should appear near  337 3/4 and the 327 to 326 1/4 region .. 
Below that a test of 321 1/4 to 319 1/2 is likely. 
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 7175 to 7140 and 7090 to 7075   
Resistance
should appear near  7325 to 7345and 7415 to 7430   

Sept Cocoa 
Support
is at 1310 to 1304 and 1274 to 1268 
Resistance is at 1334 to 1346 and 1377 to 1383

October Sugar
Support
should appear near  795 to 791 and 767 to 763
Resistance
should appear near  814 to 823  and 857 to 852

December Cotton
Support should appear near 4855 to 4845  and the 4785 to 4775 region.  
Resistance
should appear near 4970 to 4995 then 5055 to 5065 and the 5125 to 5140 region 

 - 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 July 4th
10:45 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
Short Sept EC 12172
Short 2  September Swiss Francs 7963 avg 
Long 2  Sept SP500 1133.00 avg
Short August Unleaded Gas 12310 
Short 2 August Gold 391.7 avg 
Short August Cattle 8640 
Short 2  August Hogs 7627 avg 


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