Economic and Investment Trend Analysis

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FuturesCom Investment Publications
Morning Comments Thursday June 9th, 2005
Serving Professional and Individual Traders World Wide since 1988
1650 SW Malmo Rd , Port St. Lucie , Florida 34953 - USA and Canada Toll Free : 1-866-409-3890 - Intl : 1- 772-621-4234 http://www.futurescom.com

Wed June 8th , 2005
2:30 PM Eastern time
Open BW Positions

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 10580 to 10680.
Support should appear near 10470 and 10360 to 10320.

Sept SP500
Recommended Open position Long 1203.6
Resistance should appear near 1203.00 and 1217.50
Support should appear near 1192.00 and 1180.50.

Nasdaq Composite
Support remains near 2042 to 2034
Resistance should appear near 2080 to 2089

Sept Mini Nasdaq 100
Resistance should appear near 1569.00 to 1576.00
Support is at 1535.00 to 1529

Sept Mini Russell 2000
Support is at 619.00 to 616.50 and 611.30 to 610.10. Below that, buyers should appear near 603.50 to 602.30.and
595.70 to 594.50. BW Traders can buy at 603.7 and risk a close under 593.90 for three days in a row..
Resistance should appear near 625.7 to 627.00 and the 633.70 to 635.00 ..
BW Traders should go long if a close over 635.70 occurs

Sept 10 Year T-Note
Resistance should appear near 114-07.and 114-22
Support at 113-22 and 113-07

Sept 30 Yr T-Bond
Resistance should appear near 118-22 and 119-07.
Support at 118-07 and 117-22

The Frenzied Forex Front

Sept Yen
Resistance should appear near 9429 to 9445 and 9526 to 9542.
BW Traders can sell at 9524 and risk a close over 9651 for three days in a row .
Support should appear near 9347 to 9316
BW Traders should go short if a close under 9312 occurs

Sept Euro Currency (EC)
Support should appear at 12247 and 12175
Resistance should appear near 12350 to12380.. Beyond that sellers should appear near 12530
BW Traders can sell at 12527 and hold for lower prices., initially plan on risking a close over 12612 for three days in a row.
BW Traders should go short if a close under 12172 occurs

Sept Swiss Franc
Resistance should appear near8029 to 8044 and 8119 to 8134
BW Traders can sell at 8117 and risk a close over 8232 for three days in a row
Support should appear near 7954 to 7939 and 7864 to 7836

Sept British Pound
Support should appear near 18150 to 18080
Resistance should appear near 18220 and 18400
BW Traders should go short if a close under 17932 occurs

Sept Canadian Dollar
Support should appear near 7954 to 7939.
Resistance is at 8029 to 8044

Sept Aussie Dollar
Resistance should appear near 7675 to 7689. BW Traders can sell at 7675 and risk a close over 7696 for three days in a row .
Support should appear near 7587 and 7513 to 7486
BW Traders should go short if a close under 7482 occurs

Precious Metals
August Gold
Resistance should appear at 430.4 to 431.5 and the 437.0 to 438.1 region.
BW Traders can sell at 436.9 and risk a close over 444.9 for three days in a row.
Support is at 424.90 to 423.8 and the 418.3 to 416.4 region.
BW Traders should go short if a close under 416.2 occurs.

July Copper
Support 15350 to 15290 and 14960 to 14840
Resistance should appear near 15690 to 15760 and the 16090 to 16150 region

July Silver
Support should appear near 742.5 to 741.5 and 734.5 to 734.0
Resistance is at 758.5 to 760.5 and 767.5 to 769.0

The Exciting Energies

July Crude Oil
Resistance should appear near 5259 to 5282 and 5344 to 5356 .
Support should appear near 5211 to 5200 and 5139 to 5127 .

July Unleaded Gas
Resistance should appear near 15290 to 15350 and 15690 to 15670 ..
Support should appear near 14960 to 14840. Below that a test of 14590 to 14530 is likely.

July Heating Oil
Resistance should appear near 15690 to 15760 and 16090 to 16150.
Support should appear near 15350 to15210 and 14960 to 14840

The Lively Livestock

August Cattle
Support should appear near 8317 to 8302 and 8222 to 8192.
Resistance is at near 8392 to 8407 and the 8487 to 8502 region.

July Hogs
Support is at 6837 to 6807 and 6757 to 6742
Resistance is at 6922 and 6992 to 7002 .. Beyond that sellers should appear near the 7072 to 7087 region.
BW Traders can sell at 7067 and risk a close over 71`87 for three days in a row.

October Hogs
Support is at 5882 to 5857 then 5807 to 5792
Resistance is at 5947 to 5957 and 6022 to 6037.. Beyond that sellers should appear near the 6102 to 6112 region. BW Traders can sell at 6102 and risk a close over 6212 for three days in a row. .

July Pork Bellies
Resistance should appear near 7242 to 7257 .. Beyond that sellers should appear near 7327 to 7342 and the 7417 to 7432 region
BW Traders can sell at 7417 for a turn lower and risk a close over 7522 for three days in row. ...
Support is at 7142 then 7087 to 7072 and the 7002 to 6992 region
BW Traders should go short if a close under 6987 occurs

August Pork Bellies
Recommended open position Short at 6987
Resistance should appear near 6992 to 7002 and 7072 to 7087
Support is at 6907 and 6837 to 6807

The Grande’ Grains
July Soybeans
Recommended open position , short 667 1/4
Support is at 665 3/4 and 659 1/4 to 657 3/4. A close under augurs for a test of the 650 3/4 to 648 1/4 .
Resistance should appear near 674 1/4 to 675 1/2 and 680 3/4 to 683 3/4

July Soymeal
Recommended Open Position Short at 212.4
Support should appear near 208.9 to 208.0 and 204.2 to 203.4 .
Resistance should appear near 212.6 to 213.4 and 217.0 to 218.5.

July Soybean Oil
Resistance should appear near 2315 to 2322 and 2354 to 2370 .
Support should appear near 2275 to 2267 and 2226 to 2219.

July Corn
Recommended open position Short 225 3/4
Support should appear near 213 1/2 to 212 3/4 and the 208 3/4 to 208 region
Resistance is at 217 to 218 1/2 and 221 3/4 to 222 1/2

July CBOT Wheat
Resistance should appear near 314 3/4 to 315 3/4 and 319 1/2 to 321 1/4
Support should appear near 310 1/4 to 309 1/4 and 303 3/4 to 304 1/2.

The Satisfying Softs

July 'The Monster' Coffee
Support should appear near 12030 to 11920 and 11690 to 11640
Resistance should appear near 12320 to 12380 and12680 to 12740

Sept 'The Monster' Coffee
Recommended open position long 2 at 12505
Support should appear near 12380 to 12320 ..
Resistance should appear near 12680 to 12740 ...

Sept Cocoa
Support is at 1453 and 1421 to 1415
Resistance is at 1484 to 1496

Oct Sugar
Support should appear near 882 to 877 .
Resistance should appear near 907 to 912.

July Cotton
Support should appear near 4650 to 4635 region Below that buyers should appear near 4585 to 4570 and the 4515 to 4505 region..
Resistance should appear near 4715 and 4775 to 4785 .. Beyond that sellers should appear near the 4845 to 4855 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
Wed June 8th , 2005
3:45 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.

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BW Recommended Open Positions 6-8-2005
Long Sept SP500 1203.6
Short August Pork Bellies 6987
Short July Soybeans 667 1/4
Short July Soymeal 212.4
Short July Corn 225 3/4
Long 2 Sept Coffee 12505 avg