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.

Thur Oct 2 1997
5:00 AM est

Dec-Yen
Resistance is 8360 and 8383 Beyond that 8453, Sell higher at 8537 , risk a close over 8580 for three days ina row..Beyond that 8688 to 8683 offers good resistance.Traders should sell at 8727 , risk a close over 8762 for three days in a row.

Support is at 8314 and 8300 , below that 8239 to 8205, buy at 8212 for a turn , risk a close under 8184 for three days in a row. Below that 8134 to 8119 offers support as does 8044 where traders should have buy orders waiting for a good turn higher , risk 50 pts.

Friendly

Dec Swiss Franc
Early Support should appear at 6906and 6919 Below that 6887. Below that 6861 offers good support. Below that 6821 to 6809 offers support, buy at 6813 , risk a close under 6761, for three days in a row. or a trade under 6730 . more support should appear near 6673 , buy there risk a trade under 6645.

Early Resistance is at 6937, a close 6960 over augurs for a test of 7003 , sell at 7003 for a turn , risk a trade over 7037. Beyond that a trade to 7074 to 7088 is likely , sell at 7074 , risk a close over 7088 for three days in a row. Beyond that a test of 7145 to 7165 is likely where traders establish shorts at 7170 , risk a close over 8185 for two days in a row...

Bullish...Buy Dips

Dec. British:
Support is at 159.60 and 159.20 buy at 159.20 for a turn higher risk a close under 158.15 for three days in a row. More support is at 157.60 , buy there for a turn higher , risk a close under 157.26 for two days ina row. Resistance is near 161.50 above that 162.10 and 162.10

Sept. D-Mark
Support should appear near 5653 then 5640 and 5628 .A close under 5640 augurs for a test of the 5617 region which offers good support Below that Buy at 5553 for a bounce , risk 30 pts.
Nearby Resistance is at 5678 beyond that 5695 then 5717 to 5729 , abovwe that 5772 offers resistance , sell at 5753 , risk a trade over 5805. Beyond that a trade to 5830 and 5855 is likely. If The DMZ moves up to 5886 then 5902 sell at 5880 risk a close over 5905 for three days in a row.

Friendly...

Trade Accordingly

Dec Canadian Dollar

Support should appear near 7285 then 7170 to7158 , buy at 7170 , risk a close under 7158 for two days in a row. Resistance is near 7328 , sell there , risk a close over 7345 for two days in a row.

December Gold

*Nearby support is at 330.5 and 329.6 Traders who are bullish should re-Buy at 331 , risk a close under 329 for three days in a row* More support should appear near 325.

Resistance is at 339, then 340.5 ,Sell at 343 risk a close over 345.

Buy dips..and hold.

Be Long ...Conservative Traders Should Buy April and Feb Gold 360 Calls to maintain exposure on the long Side.

Dec Copper
Support begins near 9620 below that 9460 then 9255. Resistance is at 9655 , 9850 then 100.05 Traders should sell at 100.05 for a turn lower risk a close over 102.20 for three days in a row.

Trade Accordingly

December Silver
Early support is 509.5 and 491 Resistance is 523.5 then 530.5 where good sellers should appear. Beyond that a test of 539 is likely

Trade Accordingly.

Dec Crude Oil
Early support is at 2085 below that 2060 . A close under 2055 augurs fr a slip to 2005 then 1953 to 1934, Traders should buy at 1953, risk a close under 1920. for three days in a row. More Buyers should apprear at 1933 then 1926 to 1921 where traders should have buy orders waiting for a 2- Day Turn higher , risk a close under 1901 for three days in a row. Resistance is near 2104 then 2110 and 2135 then 2157.

Trade Accordingly..

Dec Heating Oil
Support should appear near 5865, with 5735 below that 5690 then 5635 to 5595 and 5455 with 5325 below that. Traders should buy at 5420 , risk a close under 5340 for three days in a row. Resistance is near 6050 and 6100.

November Beans
Early Resistance is near 623 3/4 then 627 1/4 to 633 Above that 645
Support is at 619 a close under augurs for slip to 615 1/2 and 611 where support lies, traders should have buy orders at 611 3/4 for a turn higher risk, a close under 602 1/2 for three days in a row.

Dec Soybean Meal Recommended Position Long at 200
Good support should appear at 195.60 Resistance is near 199 then 201.5 and 204 with 208 above that.

Dec Soybean Oil
Early support is at 2364 , a close under augurs for a slip to 2318 then 2305 below that buy at 2292 use a stop under 2259.
Resistance is near 2405 then 2435
Trade Accordingly

Dec Corn
Early support is at 253. 3/4 traders should Buy Dec Corn at 251 1/2 , risk a close under 247 for two days in a row Resistance is near 258 3/4 and 263 with 269 above that , sell at 269 Risk a close over 275 for three days in a row.

December Wheat Recommended Position long at 361
Early Resistance is near 355 then 358 with 361 1/2 above that. Support is near 350. Buy Dec Wheat at 349 , risk a close under 342 for three days in a row. Stay Tuned...

Trade Accordingly

Dec Cotton Recommended Position long at 7215, risk a close under 7150 for three days in a row.
Early Resistance is near 7185 and 7205. More resistance should appear near 7285 then 7325.Support is near 7160 with 7110, below that 7085..

A clos eover 7185 is friendly...

May Sugar
Resistance is near 1193 and 1200 Additional resistance should appear near 1219 , sell there for a turn , risk 20 pts.

Support should appear near 1166, with 1127 below that , buy at 1127 risk a close under 1101 for three days in a row.

December Coffee
Support is near 160.50 then 159.85 and 157.50. Buy at 157.50 , risk a close under 156.90 for two days in a row. Resistance is near 162.40 then 163.55 to 163.90 beyond that 167.70 and 171.00 to 172.60, above that 173.80 to 175.65 , sell at 176.30 risk a close over 179.70 for two days in a row . More resistance is near 181.35 and 185.10 sell at 185.10, risk a close over 188 for two days in a row.

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

November Orange Juice
Early Resistance is near 7260 and 7515.Beyond that 7605 offers good resistance. Support should appear near 7020 with 6890 to 6750 under that, traders can buy at 6750 for a turn higher , risk a close under 6470 for two days in a row.

December Cocoa
Support is near 1667, below that 1637 and 1610 ,where traders should buy for a turn, risk a close under 1605 for two days in a row. More support is at 1563, Buy at 1572 , risk 30 pts.

Resistance is near 1687 then 1711 and 1737 Traders should sell at 1732 , risk a close over 1752 for three days in a row.

December Live Cattle Recommended Position long at 6865 & 6920
and Long Dec Short June at -165.
Nearby Support should appear at 6590 and 6582 below that, 6522 Resistance is near 6655 and 6672, above that 6732. a close over 6652 indicates a move to 6730 then 6800...6

With an RSI of only 15 , now is not the time to sell....

October Feeder Cattle Recommended Position Long at 7912 and 7767
Early Support is at 7682 then 7657 Resistance is near 7757 and 7772
A close over 7772 is friendly for a "pop" to 7857...

October Hogs Recommended Position Long at 6757
Nearby Resistance is at 6772A close over 6795 augurs for a a rally to 6867 then 6897. Support is at 6695

Trade Accordingly.

Feb Bellies Recommended Position Long at 6430
Support is at 6130 .Below that 6122 offers support, Buy at 6122 , risk a close under 6032 for three days in a row. Resistance is near 6277 and 6398 to 6430 A close over 6280 augurs for a 'pop' to 6567. . More resistance is near 6507 , a close over 6507 indicates a rally to the 6800 region...

Trade Accordingly ....

Dec Bonds
Support is at 116-04 , a close under 116-04 is negative. More support should appear at 115-28 , a close under 115-28 is bad...and indicates a slip to 115-17 then 114-30 and 114-27 where minor support rests. Below that Traders can buy for a bounce at 114-04 only ,risk 7 pts. Under that 113-25 should trade and hold..

Resistance is at 116-28 Beyond that 116-31 offers good reesistance. Above that 117-17 is likely to trade , sell at 117-22 and risk a close over 118-02 for two days in a row.

Trade Accordingly and Stay Tuned ....

Dec SP500
On the Downside, Early and critical support is 962.50 anjd 961.25 below that 958.356 , a close under 958.35 augurs for a test of 944.85, Below that a pull back to 945.20 /944.65 is likely, where traders should buy for a good turn higher , risk a trade under 942.10.. Below that 940.55 and 938.85 to 938.20 and 937.60 offers good support. A close under 942.90 indicates a slip to 937.60 , a close under 937.50 indicates a slip to 929 where support rests, buy at 929 risk 200 pts Failure to hold 929 is negative and should yeild a decline towards the 915.60 region then 912.85 then 905.75 if that doesn't hold Buy at 896.35 for a turn higher no stop for now...stay tuned...

Resistance should appear near 964.10 Above that 967.35 to 968.40, sell at 968.40 , risk a close over 970.70 as it offers resistance.. as does 972.30 and 973.70 A close over 970.15 for more than three days indicates a trade to 982.10 , sell at 982.10 , risk 250 pts. Beyond that 992 should trade.

A close under 961.25 puts the Dec SP500 on the Defensive..A close over 964.10 is friendly

Trade Accordingly

Bill

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