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.

Fri Oct 24 1997
5:10 AM est

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

Nearby support is at 8268 and Below that 8229 offers support where traders should have buy orders waiting for a good turn higher , risk 50 pts.

Resistance is near 8300 to8314 , then 8353 , above that 8391 to 8410, above that 8441 offers resistance. A close over 8348 augurs for a test of 8396 ..

Dec Swiss Franc

Early support should appear at 6809 and 6792 below that 6757 to 6745 Below that 6728 offer support.

Early Resistance is at 6836 6845 Beyond that a trade to 6892 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.

Trade Accordingly..

Dec. British:
Support is at 162.52 , 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
Support is near and 5633 Below that 5569 and 5604 should trade.Below that 5588 to 5581 offers good saupport. Buy down below at 5553 for a bounce , risk 30 pts.
Nearby Resistance is at 5647 , beyond that 5681 and 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 7189 to 7175 , buy at 7171 , risk a close under 7142 for two days in a row. Resistance is near 7239 to 7269, 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 321.3 below that 318.60 and 312 offer support. Resistance is near 326.7 a close over augurs for a trade to 331 then 338.

Buy dips..and hold.

Dec Copper recommended Postion long at 9450 and 9540
Nearby support is at 9365 and 9310 Below that a trade to 9155 is likely...where value should take hold..

Resistance is at 9390 and 9415 above that 9555 and 9765, 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 425.5 and 432, a close over 435 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 488.5.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 498 then 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 498 is Friendly

Dec Crude Recommended Position Long at 2238
Early support is at 2111 2098 then 2080 and 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 2144 then 2170.

A close over 2119 is friendly...

Dec Unleaded Recommended Position long at 6240

Early support is near 5920 below that 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 6015 and 6115 ..a close over 6125 augurs for a trade to 6335.

Dec Heating Oil.
Support should appear near 5885,. Below that 5845 offers support. Resistance is near 6040 , beyond that 6080 should trade , with a target above at 6160.

November Beans
Early Resistance is near 699 3/4 then 701 1/2 and 713 1/4
Support is at 688 3/4 to 685 below that 672 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
Good support should appear at 220.5 and 218 more support should appear near 216 and 212 Resistance is near 226 and 230.5.

Dec Soybean Oil
Early support is at 2506 below that 2459 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 2559 offers some resistance , as does 2552 Sell at 2552 risk a close over 2569 for three days in a row.

Dec Corn
Early support is at 286 1/2 and 284 below that 278 3/4 and 273 ...then 268 Buy Dec corn at 268 , risk a close under 261 for three days in a row. Resistance is near 289 1/4 and 294

December Wheat
Nearby Support is at 361, buy at 354 3/4 risk a close under 344 for three days in a row

Resistance is near 373 and 379 Trade Accordingly

Dec Cotton
Resistance is near 7315, sell at 7340 , risk a close over 7430 for three days in a row.
Support is at 7140 and 7095 to 7070

March Sugar Recommended Position Long at 1171
Resistance is near 1179 and 1182 with 1191 and 1205 offering good res... sell at 1203 , risk a close over 1206 for three days in a row. Support is near 1165 then 1153.. More Support is near 1139 , 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 149.60 to 148.95, day traders can buy at 149.80 for a bounce , below that 145.90 and 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 154.15 to 154.80 ..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....

The 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 1591, buy at 1577 , risk 30 pts. Resistance is near 1641 then 1675

December Live Cattle Recommended Position long at 6677 ,6920
Long Dec Short June at -165.
Support should appear at 6712 and 6707 below that 6637. Resistance is near 6787 and 6807. A close over 6787 is friendly.

Be long...

December Hogs Recommended Position Long at 6012
Early support is near 6062 and 6045 below that 5952. Resistance is 6162 and 6182 .. a close over 6162 indicates a rally to the 6245 region beyond that 6360 offers resistance.

Feb Bellies
Early Support is at 6477 , below that 6332 and 6280 Resistance is near 6582. and 6627 witth 6742 above that

Trade Accordingly .

Dec Bonds
Early support is at 115-23 and 115-17 to 115-13 . Resistance is at 116-13 Beyond that 117-13 to 117-16

Pick Your Poison

Dec SP500 Recommended position short at 977.00

On the Downside, Early and critical support 963.40 ,below that 964.10 to 962.90 and 958.35 with 956.60 below that...More support is 952.60 to 954.20 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 968.50 with 970.60 above that .. More resistance is 972.15 /973.70 then it should be foirm at 979.15 with 982.10 to 983.70 above that ....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.

Still unfriendly and looking for a slip to Fridays lows and beyond......I guess I must be Nuts...

The Dow Jones Industrial Average (cash)
Early Support is 7962 then 7924 below that 7901 and 7880 with 7844 to 7836 offering good support. Resistance is near 8026 to 8029. beyond that 8057 and 8088 and 8112 above that 8131and 8184 offers resistance.

Happy Trading

Bill

7:00 AM est 10-24-1997

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