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 28 1997
6:00 AM est

Dec-Yen

Nearby support is at 8229 where traders should have buy orders waiting for a good turn higher , risk 50 pts. Below that 8213 then 9194 offer support.
Resistance is 8391... if the Yen soars a trade to 8566 is likely sell at 8562 for a turn lower , risk a close over 8589 for three days in a row..Beyond that 8668 to 8683 offers good resistance.Traders should sell at 8668 , risk a close over 8683 for three days in a row.

Trade Accordingly..

Friendly to the Yen over longer term...

Dec Swiss Franc Recommended Trade Short at 7038 and 7102

Early support should appear at 7088 then 7074 below that 6945 below that 6838 offers support Resistance is 7208, sell at 7208 for a turn and stay tuned....Trade Accordingly..

Dec. British: Recommended Position Short at 164.20
Support is at 165.50 .More Support is at 164.20 Resistance is near 168.90.

Trade accordingly..

Sept. D-Mark
Nearby Resistance is at 5875 and 5945 Support is 5745 and 5717.

Trade Accordingly

Dec Canadian Dollar Recommended Position Long at 7171

Support should appear near 7088 and 7074 Resistance is near 7242 to 7262, beyond that 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 309 abd 305.5 Resistance is 319 , a close over 317.0 is friendly..

Conservative Traders Should Buy April 340 Calls to maintain exposure on the long Side.

Dec Copper Recommended Position , long at 9540 and 9450. Use no stop for now...
Nearby support is at 8935 and 8750. Resistance is at 8970 to 9170 Above that 9190 and 9270 offer resistance as well as 9370..A close over 9095 is friendly.

January Platinum Recommended Position Long at 414.
Nearby support appear near 398.5 Resistance is near 407 and 419.5 a close over 407 augurs for a 'pop' to 425 then 432...and beyond.
Buy dips and Trade Accordingly.

December Silver Recommended Position Long at 492.
Early support is 472 ,buy at 472 risk a close under 464 for three days in a row. , below that 451 should hold....Resistance is near 487 ad 491 a close over 496 indicates a trade to 507 then 527...Beyond that a test of 577 is not out of the question...

Trade Accordingly

Dec Crude Recommended Position Long at 2238
Early support is at 2059, buy there 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 2121 beyond that a trade to 2145 is likely.. A close over 2125 is friendly..

Dec Unleaded Recommended Position long at 6240

Early support is near 5920 then 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 6020 and 6105 close over 6120 augurs for a trade to 6250.Stay tuned

Dec Heating Oil.
Support should appear near 5670 , buy at 5655 , risk a close under 5620.Resistance is near 5840 , beyond that 5895 to 5905 then 5980 with a target above at 6060. A cose over 5850 is friendly.

November Beans
Early Resistance is near 703 then 714 to 715 where day traders can sell for a quick turn , risk 5 cents
Support is at 687 and 685 day traders can buy at 687 , risk 5 cents. Below that 669 1/2 offer support buy at 669 3/4, for a bounce risk a trade under 664

Dec Soybean Meal
Good support should appear at 212 more support should appear near 208 Resistance is near 227 and 230

Dec Soybean Oil Recommended Position , short at 2552
Early support is at 2524 below that 2512 offers support .
Resistance is near 2596 and 2600 with 2633 above that

Dec Corn
Early support is at 282 3/4 Resistance is near 278 and 292

December Wheat
Nearby Support is at 354 3/4 , buy at 354 3/4 , risk a close under 344 for three days in a row. Resistance is near 363 and 368 ,

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 7120 and 7090

March Sugar
Resistance is near 1195 to 1205.. sell at 1203 , risk a close over 1206 for three days in a row. Support is near 1176 then 1158.. More Support is near 1142 , buy at 1146 risk a close under 1120 for two days in a row. .

December Coffee
Early support is near 150.50 to 149.80, buy at 149.70 for a bounce , risk a trade under 148.20 below that 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 154.60 a close over 155 augurs for a trade to 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....

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

December Cocoa Recommended Position long at 1577
Support is near1564 and 1538. Resistance is near 1589 and 1595 a close over or extended rally above 1596 indicates a rally to 1622 and 1645 where resistance remains

December Live Cattle Recommended Position long at 6920 and 6920
Long Dec Short June at -165.
Support should appear at 6730 and 6687.Resistance is near 6790 and 6842.

Be long...

December Hogs
Early support is near 6237..Below that 6165 .. Resistance is 6332 and 6347 then 6392
Feb Bellies

Early Resistance is at 6577 then 6632 beyond that 6777 and 6802 ..sell at 6802 for a position..Support is near 6382 and 6337 below that 6282.
Trade Accordingly .

Dec Bonds
Early support is at 118-12..A close under 118-12 indicates a slip towards 117-16 Resistance is at 119-15 and 119-22 with 120-16 above that.

Pick Your Poison ....and fasten the seatbelts...

Dec SP500 Recommended position long at 890.25 and 859
On the Downside, Early and critical support is 858.90 and 856. below that 851.70 and 849.90 to 848.40 should hold ..Resistance should appear near 859.95 and 867.70 with 873.70 above that , Firm Resistance is near 887 and 897 above that 901.50 with 906 above that

Happy Trading

Bill

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