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.

Saturday November 29th 1997 3:00 PM

A trader should not swear eternal allegiance to either a bull or bear side. His concern lies with being right.

Dec-Yen Recommended Position Long at 7954
March J-Yen
Nearby support is at 7911, below that day traders can buy a break at 7859, risk 25 pts. Below that 7777 and 7764 should act as long term support.Buy at 7777 risk a close under 7763 for three days ina row.
Early Resistance is near 8012 to 8029 a close over 8012 augers for a trade to 8145.. selll at 8119 for a turn lower risk a close over 8145 for three days in a row. Beyond that 8194 is likely..above that . Sell Short at 8314 for a turn lower, risk a close over 8347 for three days in a row.

Trade Accordingly..

March Swiss Franc
Early support should appear at 7074/7088 failure there indicates a decline to 7021 then 6990 /7003 Buy at 7004 and risk 35 points...under that 6919/6909 should hold basis the close ...Go long for a position at 6919 , risk a close under 6868 for three days in a row. Below that 6836 to 6809 should stop any break...

Resistance begins at 7111, above that Hearty Traders should sell at 7167 for a turn lower, risk a close over 7175 for two days in row.... Beyond that 7242 to 7256 should act as resistance .. A close over 7256 indicates a pop to 7335. Sell there at 7335 for position, risk a close over 7342 for two days in a row .. Beyond that 7486 should cap any further rally...

March British:
Support is at 16550 below that 16420 should hold , buy at 164.20, risk a close under 16360.for three days in a row. Resistance is near 168.90, sell there risk a close over 169.60 for two days in a row. Above that 17110 and 173.10 to 173.80 should cap any rally. Sell at 173.10 risk a close over 1734.809 for three days ina row...

Trade accordingly..

March D-Mark
Early support is near 5653 to 5640 traders should Buy at 5649 , risk a close under 5618 for two days in a row...below that 5577 should trade...A close under 5553 augurs for a test of 5504.. if D-Marks Fail . look to Buy near 5492 for a turn higher , risk a close under 5465 for two days in a row.

Nearby Resistance is at 5716, a close over augurs for a pop to 5756 then 5792 to 5804 , traders should sell at 5803 , risk a close over 5829 initially. Additional Resistance should appear near 5855 and 5880, sell at 5880 for a position risk a close over 5912 for two days in a row.

Trade Accordingly

March Canadian Dollar Recommended Position Long at 7055
Support is near 7037 and 6990 to 7003 which stop the decline ..Traders should go long or add ,on a close over 7077. a close over 7087 augurs for a terst of 7110 and 7125 , above that 7143 should trade .

Trade Accordingly...

April Gold Recommended Position Long at 304.2
Hold long Positions for now , Resistance is 301.6 , a close over is friendly for a rally back to 306 ..A close over 306 augurs for a trade to 310 then 316. Support is near 296.. a slip under indicates futher weakness and a possible drop to the 290 region where hearty traders can go long at 290.9 risk $ 4.00.

A higher close on Monday is friendly...

March Copper
Nearby support is at 8540 below that 8500 Buy at 8470, risk a close under 8340 for two days in a row. Resistance is at 8740 and 8870 to 8945 Beyond that 9000 offers a selling region, sell at 900 risk a close over 9270 for two days in a row

January Platinum
Nearby support is near 374 buy at 376.00, risk a close under 372 for two days in a row or a stop close only at 368.Resistance is near 392 and 396, sell at 396 , risk a close over 403.

Trade Accordingly

March Silver
Early support is at 515, buy at 515for a good bounce, risk a close under 507 for two days in a row. Below that 496 offers good support, buy at 496 , risk a close under 477 for three days in a row...

Resistance is near 534 and 545, beyond that 555 should trade, sell at 552 for a quick turn lower , risk a close over 561 for two days in a row...

Still Friendly

Jan Crude Recommended Position Long at 2050 and 1984
Early support is at 1865 , agressive longs or traders who are not yet long can buy at 1867, risk a close under 1847. Below that 1822 should stop any further decline... Resistance should appear near 1922 /1925 a close over 1925 augurs for a pop' to 1940 beyond that a trade to 1964 is likely.. A close over 1986 is bullish for an rally to 2040

Jan Unleaded Recommended Position Long at 5935 and 5680
Early support is near 5605 below that buy at 5590 and risk a close under 5545 Below that 5490 should hold the break ..
Resistance is near 5725 and 5790 to 5820 , close over 5725 augurs for a trade to 5855 beyond that 5945 should trade .Above that 6020 offers good resistance...Sell at 6035 , risk a close over 6110.

Jan Heating Oil. Recommended Position Long at 5655
Support should appear near 5420 below that buy at 5305 risk a close under 5190 for two days in a row.. Resistance is near 5490 a close over 5540 is friendly for a rally back to 5625 to 5640. Beyond that 5940 to 5990 offers resistance as does 6035 sell at 6035 risk 100 pts...

January Beans
Early Resistance is near 725 traders can sell at 725 for a turn , risk a close over 732 1/2 for three days in a row and stay tuned..
More resistance is near 739 and 742 1/2 Traders Should Sell at 739 , risk a close over 747 for two days in a row.

Early Support this week is near 711 Below that 707 to 706 should trade..below that traders can buy at 697 risk a close under 686. A slip under 686 indicates a slide to 679 under that 669 is where traders can Buy for a 'Bounce', risk 8 Cents. A close under 661 indicates a trade to 654 where hearty traders can go long for a turn higher, risk a close under 642 initially

Trade Accordingly...

March Soybean Meal
Support should appear at 218, a close under augurs for a trade down to 214 Buy at 214, risk 4.00 Resistance is near 225 and 227, above that sell at 234, risk a close over 240 for two days in a row.

March Soybean Oil
Early support is at 2546 and 2522 buy at 2522 , risk a close under 2459 Below that 2411 to 2419 should hold.
Resistance is near 2647 and 2663 to 2672 . Sell at 2672 risk a close over 2725 for two days in a row.

Dec Corn Recommended Position Long at 276 3/4

March Corn
Early support is at 2771/4 below that buy at 272 3/4 , risk a close under 266 3/4 for three days in a row. Below that 261 is likely to trade...Resistance is near 283 3/4 and 287 beyond that 291 then 297 to 303 offers resistance .traders can sell at 303 use a 312 stop.. basis the close

March Wheat
Nearby Support is at 354 below that 346 Traders can buy for a position at 352 , risk a close under 345 for three days in a row....below that 338 should hold , go long at 338 , risk 9 cents...Resistance is near 360 and 362 a close over 362 augurs for a thrust to 371 traeers can sell at 372 and risk 5 cents beyond that 379 offers good resistance as does 383 sell at 383 risk a close over 391 for two days in a row..

Trade Accordingly

March Cotton Recommended Position long at 7175 and 7080
Resistance is near 7125 and 7190 to 7225 beyond that 7305 sell at 7325 risk a close over 7370 beyond that more reistance is near 7465, sell at 7480. Risk a close over 7535 for two days in a row
Support is at 7040 and 7015 Below that 6990 should hold.

A close over 7110 id friendly for a pop to 7225..

March Sugar
Resistance is near 1227 and 1236 beyond that 1249 to 1253 should cap the rally sell at 1249 Risk a close over 1268 for three days in a row. Support is near 1209 a close under augurs for a slip to 1190 below that 1175 to 1164 should hold, buy at 1169 risk a close under 1162 for three days in a row.

March Coffee
Early support is near 153.80 and 152.60 below that Hearty traders should buy at 149.60 risk a close under 147.20 where buyers should appear...below that 146.50 offers support as does 144.35, buy at 144.60 risk ..a trade under 142.00

Resistance is near 155.20 and 156.90, a close over 156.90 augurs for a test 158.50 and 159.70 beyond that Sell at 162.15 risk a close over 164.20 for two days in a row...Abov that 168.20 and 169.60 offer resistance . If the Coffee Boils over sell at 172.10 risk a close over 173.30.

Trade accordingly...

Coffee Trading is Not for widows and orphans ....Have your' Steel Cup' Ready.

March Cocoa Recommended Position Long at 1607
Support is near 1576 Below that support should appeanr near 1543 and1535 Buy at 1538 and risk 30 pts. Resistance is near 1585 and 1594 , a close over 1594 augurs for a trade to 1635 and 1643 beyond that sell at 1689 for a tuen lower,, risk a close over 1696 for three days in a row. Beyond that a trade to 1738 is likely.

March Lumber Recommended Position Short at 331.50
Resistance is near 336 and 338 Support is near 332.and 3290 a close under 332 augurs for a slip to 329 and 321.00, buy at 321 risk a close under 315..for two days in a row.

December Live Cattle Recommended Position long at 6677 ,6732, 6695 and Long Dec Short June at -165.

Support is near 6650 and 6570 . Resistance is near 6790 and 6827 , a close over 6767 is friendly for a test of 6827..
Be long...

Feb Cattle
Support is near 6847 and 6800 below that buy at 6772 risk a close under 6740 for two days in a row. Resistance is near close over 6927 a close over 6927 indicates a test of 7012 beyond that sell at 7072 for a quick turn lower risk 70 pts.

Bullish Buy Dips..

Feb Hogs Recommended Position Long at 6160
Support is near 6012 Buy at 6012 risk a close under 5960 for three days in a row Resistance is near 6112 a close over 6112 augurs for a test of 6250 then 6290 beyond that 6337 .. if a sharp rally occurs Sell near 6440, risk a close over 6512...

Feb Bellies Recommended Position Long at 5945 and 5730
Support is near 5662 and 5512 Resistance is near 5805 to 5812 , a close over 5855 is friendly for a rally back to 6000. A close over 6070 augurs for a test of 6212

Stay tuned ..

Dec Bonds Recommended Position Short at 118-26

March Bonds
Support is at 118-29 a close under 118-28 indicates a slip to 118-01 below that 117-06 should hold for the near term . If the 117-00 region fails traders xcan go long at 116-01 for a turn higher , risk a close under 115-17 Resistance is at 119-12 and 120-01, beyond that sell at 120-29 , risk a close over 121-04 for three days in a row.

Dec SP500 Recommended Position Short 2 Mini at 962.
On the Downside, Early and critical support is 954.20 and 952.60 , a close under 952.60 augurs for a test of 950.80 and 949.35 where key support should be . However, failure there basis the close is negative for a pull back to 944.50 and 942.90 , under that 933.60 to 931.60 should hold , buy at 931.70 , risk a close under 929..below that 923.60 offers support below that support should appear near 917.60 and the 915.60 to 914 region Buy at 914.00 for a turn higher , risk a close under 910.00 failure there indicates a slip to 900.90 Buy at 900.90 risk a trade under 896.40. Good Support should appear at 893.90. Buy at 893.90 , risk a close under 885.90. If that fails a slip to 870 is likely and Support should appear at 861.40 and 858.90 Buy at 861 Risk a close under 856.00 for two days in a row...Failure there indicates a decline to 825 and 802 , buy at 802 and hold.....

On the Upside Resistance should appear near 962.50 to 964.10 above that sell at 966.40 ..and stay tuned for the stop...A close over 967.35 indicates a test of 968.80 and 970.60 and 973.70 with an outside chance of a test 980.90 occuring ... Sell at 980.90 and Hold ..

Trade Accordingly and stay tuned for new trades

The Dow Jones Industrial Average(cash)
Early Support is 7794 and 7777 below that 7752 and 7689 to 7675.. if that fails 7587 to 7601 offers support as does 7513 and 7486 .below that 7342/7328 should hold. If not a decline to 7242/ 7226 is lkely. Under that 7137 / 7119 should stop the break.. Resistance is near the 7836 to 7864 region where Sellers should appear..and cap the current rally ... if not 7890 to 7901 should trade .. above that 7934 to 7954 offers resistance and 8064 should cap a rally.

Happy Trading and Stay tuned for Flashes

Bill

11-30-1997 6:40 PM est

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