Traders should consider this Letter the Bi-Weekly that was due out last Sunday,
sorry about the delay
Bill
 

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 IS 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.
 

Tuesday March 10th 1998
5:58 PM

On the Frenzied Forex Front
 

June-J-Yen
Support  is at  7935 and  7864 to 7836.. Traders can Buy June Yen for a Turn higher at 7939, risk a close under 7901 for three days in a row.  Resistance is near 7972 and 8029.
beyond that 8038 and 8119 offer's resistance. Traders can go short at 8119 for a turn lower risk a close over 8134 for two days in a row.

June  Swiss Franc
Support should appear at  6755  traders can buy at 6755 for a bounce, risk a trade under 6730. Resistance should begin at  6809 and 6836. A close over 6809 augurs for a trade to 6906. Traders  should go long on a  close over 6809.  Stay tuned for the stop.  More resistance is near 6919 and 6990 to 7003. Traders should sell at 7002, risk a close over 7003 for three days in a row.

June British:
Support is at 162.36 to 161.50 Traders should buy at 161.50 for a turn higher  risk a close under 160.80 for two days in a row.  Resistance is at 164.20 and 164.86 to 165.50. Sell at 164.20 risk a close over 164.90 for two days in a row.

March D-Mark Recommended Position Long at 5578  Roll to June on Open WED
 

June D-Marks
Support is near 5492 and 5440 to 5430. Resistance is near 5505 and 5553, a close over 5505 augurs for a test of 5553. Traders should go long on a close over 5505.

June Canadian Dollar
Support is near the 7085 to 7074, below that 7003 should hold. Traders can buy at 7003, risk a close under 6988.  Resistance is near 7143 and 7170.   Sell near 7143, risk a close over 7170 for two days in a row.
 

Precious Metals
April Gold
Support is near 294 to 291 to 288. Position Traders should weakness at 288.5 and Hold.
Resistance is near 304 and 307. A close over 303.6 is friendly for a trade to 310 and beyond. Go long on a close over 303.60
 

May Copper
Support is at  7935, traders can buy at 7935 for a bounce, risk 100 pts. Below that   7770 should hold, go long for the ‘Pull ‘at 7775. Risk a close under 7680 for three days in a row. Resistance is at 8105 and  8245. Beyond that 8300 to 8320 offer's resistance,   sell at 8300 for a quick turn lower, risk a close over 8395 for two days in a row.

April Platinum
Support is near  387,  Buy at 388 or better, risk  a close under 382 for three days in a row
Nearby resistance is   394. A close over 394 augurs for a test of   404.
 
 

May Silver
Support is near 629,  traders should buy at 629, risk a close under 617 for three days in a row. Below that  589 to 578 should hold. Resistance is 651 and 669 beyond that 687.
 

Buy this dip

                             The Exciting Energies

April Crude Recommended Positions, long at 1603 and 1535
Resistance is 1446 and 1467. Support  is 1417 and 1392

April Unleaded Gas Recommended Position long at 5260  Hold
Resistance is 4675 and 4800. Support is 4600 and 4475.

April Heating Oil Recommended Position Long at 4445 and 4320 Hold
Resistance is 4112 and 4180 to 4250 Support is 4055 and 3990
 

The ‘Grande’ Grains

May Soybeans
Support is at  661 1/4 and 644. Resistance is near 678 1/2, a close over 678 augurs for a test of 688 to 693. Traders should go long at 661, risk a close under 644 for two days in a row.

Stay tuned for the next  FuturesCom Special Report on Grains.

July Beans Recommended Position: Long (2) at 663
Support is at 668 1/4 and 664 3/4 below that 658.
Resistance is  678 1/2   and  686 3/4, a close over 686 augurs for a test of 702 to 707

Friendly and then some.

May Soybean Meal
 Support is 178.9 and 176   Resistance is near and 182 and 185.

Traders should Go long on a close over 182.50

May Soybean Oil
Support is at  2624 and 2612   Traders can buy at 2612, risk a close under 2567.
Resistance is near  2724,  traders can go short at 2724 Risk a close over  2758 for two days in a row.

May Corn Recommended Position Long at 271 and 276 3/4 and 279 1/2
Support is at  279 and 272 1/4   Resistance is near  282  and 285
Traders should go long at 275, risk a close under 271 for three days in a row.
The close over 279 1/2 augurs for a test  of  284 to 289
 

May Wheat
Support is near  338 3/4 and 332  Resistance is near   345 and 351. Traders can Buy at 338 3/4 for turn, risk a close  under 329 for two days in a row.

July Wheat  Long (2) at  342
Support is at 346 1/4 Resistance is near 348,  the close over 348 augurs for a ‘pop’ to 358
Beyond that Resistance is near 365. Exit 1/2 of the positions at 364 if able.

Be long.

                               The Satisfying Softs

May  Cotton
Support is  6780 under that 6765
Traders can Buy at 6765, risk a trade under 6705. Resistance is  6845 and  6890, with more near 6990 to 7005. Traders can go short at 6990, risk a close over 7075 form two days in a row.
 
May Sugar
Nearby support is 925, traders should go long at 925 for a bounce, risk a close under 900 for two days in a row.  Resistance is near 965 and  981, beyond that 1037 offers resistance, go short at  1032, risk a close over 1037 for two days in a row.
 
May Coffee Recommended Position Long at 156.90
On the Downside, Good Support is at  147.50,  traders can Buy at 147.50, risk a close under 145.10.  Below that 142.25 should hold If the Coffee Cools off and trades down to 141.50 Traders should go long and  hold.
On the Upside, Early resistance is near 151.50  and  152.40. A close over 152.50
indicates a rally to 156.90 and 157.25. Beyond that 160.90 offer's resistance.

Go  long at 153.15 using a buy stop.

Pick Your Poison and Keep a Steel 'Cup’ handy.
 
May Cocoa
Resistance is 1611 Beyond that  1621 and 1642 to 1661  offer's resistance. Traders can Go short at 1642. Risk a close over 1662 for two days in a row.  Support is near  1576  and  then 1561, with 1535 under that. Traders can buy for a bounce at 1535, risk a close under 1529 for two days in a row.
 

                        The Lively Livestock

April Live Cattle
Support is 6480 under that  support should appear  near  6437 and  6405 under that.
Resistance is near at 6550 and 6587.

 Hearty Traders should go long on today’s open.
 

April Hogs  Long  5145 (5015 and 5430 result of unwinding the spreads.)
Resistance is at 4802 to 4827 then 4905 Support is near 4712 and  4695
 
A close over 4827 is  friendly

June Hogs  Recommended Position Long at 5642 HOLD
Support is near 5522 and 5475, traders can buy at 5522 for the ‘pull.'
Resistance is near  5587 and 5627.  A  close over 5627 augurs  for a test of  5715 then 5875.

Recommended Spread Position long   2 June  Short 2 Oct. at 290 over. Hold

May Bellies  Recommended Position Long at 4160
Support is near 4017  and 3927. Resistance is near  4187 to 4225, beyond that  4312
offer's resistance. Traders should go long  on a close over 4322  looking for a test of 4772.

Friendly.

'From the Frying Pan into the Fire'
 

             The Sensational Stock and Bond Markets
 

June  30 Yr. Bonds
Resistance is at 120-00 and 120-24. Beyond that 121-00 offers good resistance  Traders  can go short at 120-24 or 120-31 , risk a close over 121-18 for two days in a row.
Beyond that Resistance is near 122-12 and 122-27.
Support is  near to 119-23 and 119-00, a close under 119-00 augurs for a slip to 118-22  below that  117-31 and 116-28.

March SP500  Recommended positions Short at 1023, 1035.80 and 1056.20
Support today is at 1060.90, a close under indicates a test of 1058.70, under that 1052 offers support. Resistance is near 1066 and 1068.50, beyond that 1072.

June SP500

On the Downside, Support is at 1072.10  and 1068.00 below that  1052 offers good
support.  A close under 1052 augurs for a test of 1036. On the Upside, Early resistance is at 1080.80 and 1084  where  day traders can sell for a turn   Beyond that 1099 and 1107 offers resistance. A close under 1072 is negative and traders can go short when  it occurs.
 

A ship in harbor is safe, but ships were not built for that.

Happy Trading

Bill

Tues.  March 10th 1998
08:51  PM

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