Acommodity Grains

Trades & Forecast

Resources

A Commodity Trading World

Grains and Oilseeds

End of Day Forecast for 02/04/04 and New Trades for 02/05/04

Open Position Protective Stops for February 05th 2004

If stop loses prices are hit during the night liquidate positions immediately,

02/03/04 Sold March Wheat at 3810 stop order. Prices hit 3760 move protective stop loss to 3800. Optional Objective 3750

March Wheat is trending down. Watch for support at 3730 and resistance at 3910. Changed to bearish on February 02nd. Changed to neutral on March 31st.

March Corn is not trending. Watch for support at 2680 and resistance at 2770. Change to bearish. Changed to neutral on February 03rd.

March Soybeans are trending down. Watch for support at 7900 and resistance at 8210. Changed to bearish on February 02nd. Changed to neutral on March 30th

March Soybean Meal are trending down. Watch for support at 2430 and resistance at 2520. Changed to bearish on February 03rd. Changed to neutral on March 30th.

March Soybean Oil could be starting to trend up. Watch for support at 2900 and resistance at 3040. Changed to bullish on February 03rd. Changed to bearish on January 29th

If there is a change to bullish or bearish pay closer attention to that market to look for opportunities. All new trades are good for the day session only (open outcry). Trades entered after the opening trade. On buy signals if the opening trade is above our entry signal the trade is canceled. On sell signals if the opening trade is below our entry signal the trade is canceled. The objective on each trade is optional. If hit we continue to issue protective stops until stopped out of each trade.

A Commodity Trading World is published by New World Trading Ltd. This analysis is the sole property of New World Trading Ltd. The analysis in this newsletter is accurate to the best of our knowledge. All opinions and conclusions expressed in this report reflect the judgment of New World Trading Ltd. as of this date and are subject to change. This report and any views expressed herein are provided for information purposes only and should not be construed in any way as an inducement by New World Trading Ltd to buy or sell any futures or option mentioned. New World Trading Ltd does not accept any liability for loss or damage howsoever caused to anyone trading futures or options in reliance upon such information. New World Trading Ltd, its officers and/or employees and/or affiliates may or may not have positions for their own account in the futures and/or options contracts referred to herein.

There is a high risk of loss in trading futures and options.

Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site or newsletter. The past performance of any trading system or methodology is not necessarily indicative of future results.

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

Quotes Charts

Livestock

Grains