Economic and Investment Trend Analysis

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FuturesCom Investment Publications
Morning Comments Friday August 6th,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

Thursday August 5th, 2004
7:00 PM eastern time

Open BW Positions

The Frenzied Forex Front

Sept Yen
Resistance should appear near 9004 and 0944 to 9060
Support should appear near the 8934 and the 8871 to 8856 region

Sept Euro Currency (EC)
Recommended open Position Short at 12043
Support should appear at 12030 and 11975
Resistance is at 12102 and 12175..
BW Traders should go short if a close under 11917 occurs

Sept Swiss Franc
Resistance should appear near 7864 and 7939 to 7954.
Support should appear near 7836 and 7777 to 7763

Sept British Pound
Recommended open positions short at 18135
Support should appear near 18150 to 18080
Resistance should appear near 1.8220 and 1.8400

Sept Canadian Dollar
Recommended open position short at 7507
Support should appear near 7513 to7486
Resistance is at 7601 then 7638 and 7675 to 7689

Sept Aussie Dollar
Recommended open position short at 6951
Support should appear near 6990 and 6919 to 6906
Resistance should appear at the 7074 to7088 region

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10021 to 10037 and 10104 to 10136
Support should appear near 9937 to 9921 and 9837 to 9821

September SP500
Recommended open position Long 4 at 1124 80 avg
Resistance should appear near 1082 and 1096 to 1101.00
Support should appear near 1068.00 to 1063.00 and 1058.00

Nasdaq Composite
Support should appear near 1808 and the 1780 to 1774 region
Resistance should appear near 1858 to 1865

Sept Mini Nasdaq 100
Resistance is at 1399 and the 1377 to 1383
Support should appear near the 1346 to 1334 and 1310 to 1304

Sept 10 Year T-Note
Resistance should appear near 111-22 and 112-07
Support is at 110-22 then 110-07 and 109-22

Precious Metals

December Gold
Recommended open position short at 389.7
Resistance should appear at 398.2 to 399.2
Support is at 392.9 to 390.9

Sept Copper
Support should appear near 127.40 to 126.80 and 12380 to 12320
Resistance should appear near 13040 to 13100 and 13340 to 13460

Sept Silver
Recommended open position short at 633
Support should appear 667.5 to 665.5 and 659 to 657.5
Resistance is at 675.5 and 690.5 to 69.. Beyond that 707.5 to 708.5 should cap a rally

The Exciting Energies

Sept Crude Oil
Resistance should appear near 4503 to 4514 and 4571 to 4581
Support should appear near 4381 to 4370 and 4249 to 4238

Sept Unleaded Gas
Resistance should appear near 12680 to 12740 and 13040 to 13100
Support should appear near 12380 to 12320 and 12030 to 119.20

Sept Heating Oil
Resistance should appear near 1.2030 and 12320 to 12380
Support should appear near 11690 to 11640 and 1.1500

The Lively Livestock
October Cattle
Support should appear near 8682 to 8667 and 8592 to 8562 .
Resistance is at 8762 to 8777 then 8857 to 8872 and 8932 to 8967

October Hogs
Recommended open position Short 3 at 6752 avg
Resistance is at 7072 to 7087 and 7142 to 7172
Support is at 7002 to 6992 and 6922 to 6907

August Pork Bellies
Resistance should appear near 10317 to 10362 and 10467
Support is at 10137 to 10102 and 9937 to 9922

Stay tuned for BW updates and Flashes

The Grande’ Grains

December Corn
Support should appear near 232 1/4 to 231 1/2 and 227 1/2 to 226 3/4
Resistance is at 235 1/2 to 237 and 241 1/4 to 241 3/4

November Soybeans
Support is at 565 1/4 to 564 and 557 3/4 to 555 1/2
Resistance is at 571 3/4 to 572 3/4 and 585 1/2 to 588

December Soymeal
Support should appear near 173.8 to 173.1 and 169.6 to 168.9
Resistance should appear near 177.4 to 178.0 and 180.8 to 182.2

December Soybean Oil
Resistance should appear near 2170 to 2185 and 2219 to 2226
Support should appear near 2134 to 2126 and 2089 to 2080

Sept CBOT Wheat
Support should appear near 319 1/2 then 315 3/4 to 314 3/4 and the 304 1/2 to 303 3/4 region…
.BW Traders can buy at 304 3/4 for a bounce and risk a close under 291 3/4 for three days in a row..
Resistance should appear near 326 1/4 to 327 and 331 3/4 to 332 3/4

Stay tuned for BW Updates and Flashes

The Satisfying Softs

September Coffee
Recommended Open position long at 6680
Support should appear near 6590 to 6575 and 6510 to 6485
Resistance should appear near 6655 to 6670 and 6740 to 6755

Sept Cocoa
Support is at 1696 to1689 and 1655 to 1642
Resistance is at 1731 to 1738 and 1774 to 1780

October Sugar
Support should appear near795 to 791and 767 to 763
Resistance should appear near 814 to 823 and 847 to 852.
Beyond that sellers should appear near 877 to 882.. BW Traders can sell at 876 and
risk a close over 917 for three days in a row.

December Cotton
Support should appear near 4585 to 4570 and 4515 to 4505
Resistance should appear near 4650 and 4695 to 4715 and 4775 to 4785

- 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
Thursday August 5th 2004
8:20 PM South Florida Beach Time

THIS PUBLICATION IS SUBJECT TO REVISIONS AND 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.
FuturesCom Investment Publications Copyright@1996-2004 all rights reserved

Recommended Open BW Positions
Short Sept EC 12048
Short Sept British Pounds 18135
Short Sept Canadian Dollars 7507
Short Sept Aussie Dollar 6951
Long 4 Sept SP500 1124.80 avg
Short Dec Gold 389.7
Short Sept Unleaded Gas 12460
Short Sept Silver 633
Short 3 October Hogs 6752 avg
Long Sept Coffee 6680

Terms