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.

Thurs Oct 30 1997
6:00 AM

Dec-Yen

Nearby support is at 8352 and 8295 then 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...above that 8448 ..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

Early support should appear at 7155 then 7116 below that 7105 offers support ..
Resistance is 7205 abd 7216 .. above that 7255 should stop any rally.

Dec. British: Recommended Position Short at 164.20
Support is at 166.12 and 165.50 .More Support is at 164.20 Resistance is near 167.50 then 168.04 and 168.90.

Trade accordingly..

Sept. D-Mark
Nearby Resistance is at 5846 and 5852 beyond that 5880 ..Support is 5796 and 5746 below that 5716 then 5693..

Trade Accordingly

Dec Canadian Dollar Recommended Position Long at 7171

Support should appear near 7102 and 7099 and 7074 Resistance is near 7149 a close over 7170 indicates a rally to 7212... Resistance is near 77141 and 7202 above that 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
Nearby support is at 313 and 311.5 Resistance is 321 close over 321 is friendly..for a rally to 327.. Conservative Traders Should Buy April 340 & 350 Calls to maintain exposure on the long Side.

Dec Copper Recommended Position , long at 9540 and 9450. Hold
Nearby support is at 8990 and 8935 below that 8790 . Resistance is at 9190 Above that 9390 offers resistance

January Platinum Recommended Position Long at 414.
Nearby support is near 399 and 397 Resistance is near 406 and 408 a close over 408 augurs for a 'pop' to 417 then 422...and beyond.
Buy dips and Trade Accordingly.

December Silver Recommended Position Long at 492.
Early support is 478 and 469 below that 451 should hold....Resistance is near 487 ad 491 a close over 496 indicates a trade to 507 then 527..

Trade Accordingly

Dec Crude Recommended Position Long at 2238
Early support is at 2073 below that 2052 / 2048 below that 1999. Traders should buy at 1999 , risk a close under 1953 for two days in a row.Resistance should appear near 2098/2102 beyond that a trade to 2144 is likely.. A close over 2125 is Bullish....

Dec Unleaded Recommended Position long at 6240

Early support is near 5935 and 5865 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 6035 and 6135

Dec Heating Oil.
Support should appear near 5735 and 5670 , buy at 5655 , risk a close under 5620.Resistance is near 5880 and 5935 , beyond that 6060. A close over 5940 is friendly.

Trade Accordingly...

November Beans
Early Resistance is near 702 beyond that 712 to 716 offers resistance .. day traders can sell for a quick turn at 716 , risk 5 cents
Support is at 683 day traders can buy at 682 , risk 5 cents. Below that 673 and 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 218 more support should appear near 213 Resistance is near 228 and 233

Dec Soybean Oil
Early support is at 2518 below that 2473 offers support .
Resistance is near 2558 and 2574

Dec Corn
Early support is at 280 1/2 and 278 3/4 below that 276 offers support Resistance is near 285 and 290

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 362 and 364 above that 368 offers resistance

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 7115 and 7090

March Sugar Recommended Position Short at 1203
Resistance is near 1203 and 1212 with 1216 above that Support is near 1192 then 1152.. More Support is near 1144 , buy at 1146 risk a close under 1120 for two days in a row. .

December Coffee
Early support is near 150.10 and 147.80, buy at 150.10 for a bounce , risk a trade under 145.90 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 152.90 and 153.60 a close over 152.90 augurs for a trade to 157.10...beyond that 158.50 should trade ..More Resistance is near 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
Support is near1592 and 1568. Resistance is near 1605 and 1655 a close over or extended rally above 1605 indicates a rally to 1622 and 1655

December Live Cattle Recommended Position long at 6677 and 6920
Long Dec Short June at -165.
Support should appear at 6650 and 6607 .Resistance is near 6725 and 6790.

Be long...

December Hogs
Early support is near 6137 and 6082 Resistance is 6177 and 6210 then 6277

Feb Bellies

Early Resistance is at 6492 and 6507 above that 6557 above that 6607 oofers resistance ... ..Support is near 6342 and 6257 below that 6177 which should hold for now....
Trade Accordingly .

Dec Bonds
Early support is at 118-04 and 117-21 ..A close under 117-21 indicates a slip towards 116-26 Resistance is at 118-10 and 119-04 with 119-12 above that.

Dec SP500 Recommended Position Long at 915
On the Downside, Early and critical support is 912.05 with 910.00..below that 906 to 904.40 is likely..under that 900.40 to 899.90 should stop the break for a bit. ..Below that 894.90 and 893.40 to 893.10 should hold ..if not .. 890.25 to should trade.Under that 887.10 to 885.60 offers support then 877.70 to 876.20 should hold .

Resistance should appear near 915.90 and 923.35 above that 931.90 and 934.70 ..beyond that 935.50 and 938.80 with 942.90 and 944.50 above that , Firm Resistance is near 947.90 with 948.55 above that ... More resistance should appear near 952.60 then 953.40 and 954.20 beyond that 957.60 Beyond that 962.50 and 964.10 offer resistance ..Above that sell at 968.35 for a turn lower...

A close or extended Rally above 916 is friendly..

Trade Accordingly.

Happy Trading

Bill

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