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.

Monday Oct 20 1997
6:10 PM est

Dec-Yen Recommended Position Long at 8300 and 8352(avg8326)risk a close under 8314 for three days in a row.

Nearby support is at 8314 to 8300 Below that 8229 offers support where traders should have buy orders waiting for a good turn higher , risk 50 pts.

Resistance is near 8348 and 8352 , above that 8391 to 8410, above that 8441 offers resistance. A close over 8348 augurs for a test of 8396 ..

Dec Swiss Franc Recommended position long 2 at 6887 avg

Early support should appear at 6822 then below that 6809 and 6781 to 6767, traders should have buy orders at 6775 to go long for a good turn higher , risk a close under 6755 where additional support should appear. Below that 6728 offer support.

Early Resistance is at 6836. Beyond that a trade to 6871 to 6881 is likely above that 6906 should trade with 6926 offering resistance. Beyond that 6954 to 6963 should trade, a close over 6954 augurs for a pop to 7038 sell at 7038, risk a close over 7074 for three days in a row.

A close over 6836 is friendly

Trade Accordingly..

Dec. British:
Support is at 162.70 , day traders can buy at 162.56 risk 40 pts. below that 161.50 then 160.88 offer support , buy at 160.88 for a turn higher , risk a close under 160.72 for two days in a row.Traders should sell at 164.20 for a turn lower risk a close over 165.50 for three days in a row.

Sept. D-Mark Recommended Position Long at 5684
Support is near 5653 and 5640 More Support should also appear near 5619 , where traders can buy for a good bounce , risk a close under 5608 .Below that 5569 and 5553 should trade. Buy at 5553 for a bounce , risk 30 pts.
Nearby Resistance is at 5672 , beyond that 5709 to 5717 offer resistance, a close over 5673 is friendly. A close over 5717 augurs for a trade to 5775 then 5875 , sell at 5875 , risk a close over 5880 for two days in a row.

Trade Accordingly

Dec Canadian Dollar

Support should appear near 7229 and 7198 to 7175 , buy at 7171 , risk a close under 7142 for two days in a row. Resistance is near 7242 to 7256, beyond that 7275 and 7328 to 7342 offers resistance. Sell at 7342 risk 20 pts Beyond that a trade is 7385 to 7414 is likely , sell at 7414 , risk a close over 7428 for three days in a row.

December Gold Recommended Position Long at 334.4
Nearby support is at 324.0 then 322.0 below that 318.60 and 312 offer support. Resistance is near 329.3 a close over augurs for a trade to 331 then 338.

Buy dips..and hold.

Dec Copper
Nearby support is at 9540, buy at 9540 below that Buy at 9450 for a turn higher risk a close under 9375 for three days in a row. Below that a trade to 9140 is likely...where value should take hold..

Resistance is at 9745 and 9835, beyond that 9945 and 101.45 offer resistance, traders can sell at 10110 for a turn lower , risk close over 101.40 ,Beyond that 103.25 is likley...

Trade Accordingly

January Platinum
Nearby support appear near 416 and 414 , where traders should have buy orders waiting for a good turn higher, risk a close under 411 for three days in a row...

Resistance is near 423.5 and 433, a close over 433 augurs for a 'pop' to 445 then 452...and beyond.
Buy dips and Trade Accordingly.

December Silver Recommended Position Long at 492
Early support is 489.5.Below that support should appear near 480 with more at 465, buy at 472 ,risk a close under 464 for three days in a row. , below that 451 should hold....Resistance is near 494 and 507.. a close over indicates a trade to 520 then 527...Beyond that a test of 577 is not out of the question...

A close over 496 is Friendly

Dec Crude Recommended Position Long at 2238
Early support is at 2068 to 2065 then 2059, buy at 2059 for a bounce only , risk a trade under 2028,Below that 1999 should considered buying regions ,buy at 1999 , risk a close under 1953 for two days in a row.Resistance should appear near 2090 , then 2115 beyond that a trade to 2140 is likely

A close over 2119 is friendly...

Dec Unleaded Recommended Position long at 6240

Early support is near 5790 , buy there for a bounce only , risk a trade under 5720, below that 5680 offers support , traders should consider buying near 5680 if able...risk a close under 5640 Resistance is near 5960 a close over 5960 augurs for a trade to 5990 beyond that 6020 then 6090 offer resistance.

Dec Heating Oil. Recommended Position long at 5805
Support should appear near 5845,. Below that 5815 offers support. Resistance is near 5920 , beyond that 5980 should trade , with a target above at 6040 to 6060.

November Beans Recommended Position Short at 694
Early Resistance is near 692 3/4 and 697 3/4 beyond that 701 1/2 and 710 3/4
Support is at 683 below that 669 1/2 offer support buy at 669 3/4, for a bounce risk a trade under 664 More support should appear near 654 then 642, buy at 644, risk a close under 636 for three das in a row...

Dec Soybean Meal Recommended Position short at 218
Good support should appear at 218 more support should appear near 216 and 212 Resistance is near 226 and 230.5.

Dec Soybean Oil
Early support is at 2457 below that 2449 to 2424 offers support .. Traders can Buy at 2446 , risk a close under 2432 where support should appear a close under 2432 augurs for a slip to 2405. Traders should Buy Dec Bean Oil at 2414 for a bounce , risk a close under 2405 for two days in a row.

Resistance is near 2498 and 2511 to 2524, sell at 2498 , risk a cose over 2524 for two days in a row. Above that 2546 offers some resistance , as does 2552 Sell at 2552 risk a close over 2569 for three days in a row.

Dec Corn Recommended Position Short at 269 1/4 and 280
Early support is at 278 3/4 below that 273 then 268 Buy Dec corn at 268 , risk a close under 261 for three days in a row. Resistance is near 283 1/2 and 288 3/4 sell at 289 1/4 Risk a close over 291 for three days in a row.

December Wheat
Nearby Support is at 366 then 360, buy at 354 3/4 risk a close under 344 for three days in a row

Resistance is near 372 1/2 sell at 372 , risk a close over 380 for two days in a row.

Trade Accordingly

Dec Cotton Recommended Position Long at 7090
Resistance is near 7180 then 7215 and 7315, sell at 7340 , risk a close over 7430 for three days in a row.
Support is at 7095 and 7070 .. A close eover 7125 is friendly..

March Sugar Recommended Position Long at 1171
Resistance is near 1187 and 1195 to 1205.. sell at 1203 , risk a close over 1206 for three days in a row. Support is near 1168 then 1153.. More Support is near 1148 , buy at 1146 risk a close under 1120 for two days in a row. .

December Coffee Recommended Position long at 149.10
Early support is near 149.80 to 149.15, day traders can buy at 149.80 for a bounce , risk a trade under 148.20 and reverse basis the close as a close under 149.00 augurs for a slip to 143.90 then 139.90 where traders should have buy orders waiting for a good turn higher , risk a close under 133.30 for two days in a row.....

Resistance is near 151.50 and 154.15 to 154.80 ..Agreesisve traders can sell Dec Coffee at 154.00, risk a 200 pts.stay tuned ....more resistance is near 158.50 and 160.40 with 164.90 above that..sell at 164.90, risk a close over 165.50 for two days in a row....

A close over 151.50 is near term friendly stay tuned

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

December Cocoa
Support is near 1631 and 1628 ,where traders should buy for a turn, risk a close under 1617 for two days in a row. More support is at 1615 to 1609 and 1586, buy at 1577 , risk 30 pts.

Resistance is near 1681 then 1694, a close over or extended rally above 1696 indicates a rally to 1744 then 1760 , sell at 1760 , risk a close over and 1782 for two days in a row.

December Live Cattle Recommended Position long at 6865 ,6920
Long Dec Short June at -165.
Support should appear at 6592 and the 6557 region. Resistance is near 6702 and 6727. A close over 6727 is friendly , a close over 6742 for more than a day or two is Bullish for a pop to 6857 ...

Be long...

December Hogs Recommended Position Long at 6350 and 6012 ( avg 6182)
Early support is near 5992 below that 5947 Resistance is 6047 and 6072 .. a close over 6072 indicates a rally to the 6147 region beyond that 6182 offers resistance.

Feb Bellies Recommended Position Long at 6037
Early Support is at 5957 to 5932 below that 5887 to 5872 offers support .. agressive traders can Buy at 5872 for a bounce..risk 50 pts ..Resistance is near 6007 and 6017 .. a close over 6017 is friendly for a move to 6265.

Trade Accordingly .

Dec Bonds
Early support is at 114-27 then 114-10 , Buy Dec Bonds at 114-09 for a bounce only ,risk 10 pts. A close under 114-08 indicates a slip towards 113-25 to 113-21 then 113-14 and 113-06 where traders can go long for a turn higher , risk a close under 112-28 for two days in a row. Resistance is at 115-08 to 115-10 Beyond that 115-25 offers good resistance .. sell at 115-25 risk a close over 116-11 for two days in a row...

A close back under 115-02 has negative implications.

Pick Your Poison

Dec SP500 Recommended position short at 968.40 and 960.55 (avg 964.45)
On the Downside, Early and critical support is 959.80 and 958.35 below that 957.40 under that 954.20 to 953.40 and 952.60 below that 950.25.then 946.90 below that a slip to 944.50 is likely . a trade under 943.70 augurs for a test of 942.90, Below that 938.80 /936.75 and 934.70 is likley .. below that 933.15 and 931.60 to 929.60 should hold.

Resistance should appear firm at 962.50 to 963.10 and 963.30 to r 964.20. Above that 967.35 offers selling as does 970.60 and 971.90 to 972.15 nd 973.70...beyond that a trade to 978.50 is likely , beyond that 982.10 to 983.70 offer resistance ..a close over 986.10 indicates an assult at 988 which should cap a rally ...if nor 992.10 ..993.70 and 994.40 offer selling regions.

The Dow Jones Industrial Average
Early Support is 7901 and 7867..below that 7836 to 7810 and 7796 below that 7777 then 7763 and 7755 and 7734 offer support below that 7671 then 7631 offer support...Resistance is at 7928.75 and 7939 to 7954 offers resistance beyond that 7975 /7987 and 8008 offer a selling region...beyond that 8026 /8029 and 8044 should cap a rally

Happy Trading

Bill

8:23 PM est 10-20-1997

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