Economic and Investment Trend Analysis

Economic and Investment Trend Analysis - Socio Economics
Forex - Bonds - Dow Jones - Nasdaq - SP500 Precious Metals - Energy - Livestock - Grains - Softs
Bi-Weekly Outlooks - Premier Service - Platforms - Quotes - Online Signup - DIY Index Program - Special Reports

FuturesCom Investment Publications
Morning Comments Thursday July 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

Wed July 14th, 2004
2:00 PM eastern time

Open BW Positions

The Frenzied Forex Front

Sept Yen
Resistance should appear near 9237 and 9316 to 9347. Beyond that sellers should appear near 9429 to 9445 BW Traders can sell at 9427 and risk a close over 9488 for three days in a row..
Support should appear near the 9156 to 9140 region. A close under augurs for a test of 9060 to 9044 and eventually the 8964 to 8934 region…

Sept Euro Currency (EC)
Recommended open position Short at 12172
Support should appear at 12350 to 12320
Resistance is at 12440 and 12500

Sept Swiss Franc
Recommended open position Short at 8022
Resistance should appear near 8194 to 8223..
Support should appear near 8134 to 8119

Sept British Pound
Support should appear near 18400 and 18220 to 18080
Resistance should appear near 1.8580 to 1.8650

Sept Canadian Dollar
Support should appear near 7513 to 7486 , below that a test of 7428 to 7414 is likely
Resistance is at 7587 to7601 and 7675 to 7690
BW Traders should go short if a close under 7548 occurs..

Sept Aussie Dollar
Support should appear near 7170 to 7143
Resistance should appear at 7242 to 7255 and 7328 to 7342
BW Traders should go short if a close under 7137 occurs..

The Sensational Stock and Bond Markets

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

September SP500
Recommended open position Long 4 at 1124 80 avg
Resistance should appear near 1130.00 to 1136.00
Support should appear near 1101.00 to 1096.00

Nasdaq Composite
Support should appear near 1909 to 1902
Resistance should appear near 1946 to 1953

Sept Mini Nasdaq 100
Resistance is at 1453 to 1459
Support is at 1415 and 1383 to 1377

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 411 to 412
Support is at 404.6 and 399.2 to 398.2

Sept Copper
Support should appear near 12740 to 12680 , a close under augurs for a test of 12380 to 12320..
Resistance should appear near 13030 to 13100 and 13340 to 13460

Sept Silver
Recommended open position short at 633
Support should appear 6659 to 657.5 and 651 to 648.5
Resistance is at 665.5 to 667.5 and 674.5 to 675.5

The Exciting Energies
Sept Crude Oil
Resistance should appear near 4110 to 4120 and 4163 to 4183
Support should appear near 4056 to 4046 and 3992 to 3982

Sept Unleaded Gas
Resistance should appear near 13030 to 13100 and 13340to 13460
Support should appear near 12740 to 12680

Sept Heating Oil
Resistance should appear near 11300 to 11360 and 11500
Support should appear near 10960 and 10680 to 10580..

The Lively Livestock
August Cattle
Recommended open position short at 8370
Support should appear near 8407 to 8392 and 8317 to 8302
Resistance is at 8482 to 8502 and 8562 to 8592

August Hogs
Recommended open position Short 3 at 7602 avg
Support is at 7512 to 7487 and 7432 to 7412
Resistance is at 7587 to 7602 and 7672 to 7692

October Hogs
Support is at 6672 to 6657 and 6512 to 6487
Resistance is at 6742 to 6757 and 6807 to 6837 .

August Pork Bellies
Resistance should appear near 11302 to 11362. BW Traders can sell at 11297 and hold for lower prices..
Support is 11010 to 10960, a close under augurs for a test of 10680 to 10580

BW Traders should go short if a close under 10952 occurs

The Grande’ Grains

December Corn
Support should appear near 251 3/4 to 251 1/4
Resistance is at 255 1/4 to 256 3/4 and the 261 1/4 to 262 region.
BW Traders can sell at 260 3/4 and risk a close over 273 1/4 for three days in a row.

November Beans
Support is at 667 1/4 to 665 3/4 and 659 to 657 /3/4..
Resistance is at 674 1/4 to 675 1/2 and 680 3/4 to 683 3/4

December Soymeal
Recommended Open Position Short at 201
Support should appear near 208.9 to 208
Resistance should appear near 212.6 to 213.4

December Soybean Oil
Recommended open position Short at 2314
Resistance should appear near 2370 and 2411 to 2419
Support should appear near 2322 to 2315 and 2275 to 2267

Sept CBOT Wheat
Support should appear near 338 3/4 to 337 3/4 and the 327 to 326 region.
Resistance should appear near 349 1/4 to 350 1/4 Beyond that sellers should appear near 355 1/4 to
356 1/4 BW Traders can sell at 354 3/4 and risk a close over 363 1/4 for three days in a row..

The Satisfying Softs

September Coffee
Support is near 7090 to 7070 and 7005 to 6990.
Resistance should appear nearo 7170 then 7240 to 7255 and 7325 to 7340
Aggressive BW Traders should go long if a close over 7265 occurs.

Sept Cocoa
Recommended open postion short at 1452
Support is at 1459 to 1453 and 1421 to 1415
Resistance is at 1496 and 1529 to 1535

October Sugar
Support should appear near 795 to 791 and 763 to 767
Resistance should appear near 823 then 847 to 852 and 887 to 882.
BW Traders can sell at 876 and risk a close over 917 for three days in a row.

BW Traders should go short if a close under 811 occurs.

December Cotton
Recommended open position Short at 4730
Support should appear near 4650 to 4635 and 4585 to 4570 ...
Below that buyers should appear near 4515 to 4505…
Resistance should appear near 4775 to 4785 and 4845 to 4855

- 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 July 14th
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
Short Sept EC 12172
Short September Swiss Francs 8022
Long 4 Sept SP500 1124.80 avg
Short 2 August Gold 391.7 avg
Short August Cattle 8370
Short 3 August Hogs 7602 avg
Short December Soymeal 201
Short December Bean Oil 2314
Short Sept Cocoa 1452
Short December Cotton 4730

Terms