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.

Wed November 5th 1997 05:30 AM

Dec-Yen Recommended Position Long at 8229 (11-04)

Early Resistance is near 8222 and 8238 then 8253 beyond that 8300 abd 8314 .. a close over 8258 augers for a trade to 8390.

Trade Accordingly..

Dec Swiss Franc Recommended Position Short at 7110 (11-03)
Support should appear near 7088 , below that 7065 then 7010 to 6991 , Buy at 6991 for a bounce risk a trade under 6955. Below that a test of 6836 is likely , buy at 6836 and risk 35 points...

Resistance begins at 7169 and 7188 to 7219 , Hearty Traders should sell at 7204 for a turn lower, risk a close over 7265..Failure to breach the 7204 basis the close or a close under 7170 is negatve and more conservative traders should sell if that occurs..A close over 7265 augurs for a trade up to 7302 to 7312 then 7378 .Go short at 7428 for a position risk a close over 7486 for two days in a row .. Beyond that 7587 should cap any further rally...

Pick Your Posion

Dec. British: Recommended Position Short at 164.20 (10-27)
Support is at 166.90 below that 16550 and 164.20 A close under 165.30 indicates a decline to 163.40 then 162.60. Resistance is near 167.86 above that 168.90 offers firm resistance...beyond that 169.60 should cap the rally for now...

Trade accordingly..

Dec D-Mark
Support is near 5760 and 5723 offers support below that 5716 should trade...A close under 5716 augurs for a test of 5653 .. if Dec D-Marks Fail.... look to Buy near 5578 for a turn higher , risk a close under 5550...
Nearby Resistance is at 5810 and 5823 ..sell at 5855 , risk a close over 5927 initially. Additional Resistance should appear near 5903 and 5945...A close under 5806 is unfriendly...

Trade Accordingly

Dec Canadian Dollar

Support should appear near 7119 and 7088 to 7074, Below that 7059 to 7046 should stop the decline...Resistance is near 7174, beyond that 7192 and 7247 to 7265 offer selling pressure. A close over 7242 augurs for a rally to 7328 , sell at 7337 , risk a close over 7343 for two days in a row.

December Gold
Nearby support is at 312.20 and 302.6 to 298.10 Resistance is 323.Traders can Buy at 302.5 , risk a close under 297 for three days in a row.

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

Dec Copper Recommended Position , long at 9540 and 9450. (10-21) & 8965 (11-04)
Nearby support is at 9005 and 8990 ..Below that 8790 and 8605 offer support. Resistance is at 9185 and 9390 with 9665 above that..a close over 9645 augurs for a test of 9780.

January Platinum Recommended Position Long at 414 (10-24)
Nearby support appear near 402.5 and 400.00 , below that Traders should buy at 391 , risk a close under 385 for two days in a row...Resistance is near 410 , a close over 410 if friendly and indicates a test of 419. Beyond that 425 ti 428 offers resistance.

December Silver Recommended Position Long at 492. (10-20)
Early support is at 482 and 466, below that 460.5 offers support. Below that traders should buy at 453 for a position, risk a close under 444 for three days in a row. Resistance is near 491, closing over 491 is friendly for a rally to 500..Beyond that 507 and 522 offer resistance...

Friendly Buy Dips

Dec Crude Recommended Position Long at 2238 (10-06) & 2067 (11-04)
Early support is at 2052 buy at 2055 for turn higher , risk a close under 2026, Below that 1961 should considered buying regions ,buy at 1953 risk a close under 1945 for two days in a row.

Resistance should appear near 2077 and 2102 beyond that 2126 and 2146 a close over 2150 augurs for a pop' to 2197 beyond that a trade to 2219 is likely.. A close over 2226 is friendly.

Dec Unleaded Recommended Position long at 6240 (10-06) & 5950(11-03)

Early support is near 5865 and 5805 offer support and day traders may wish to assume longs at 5775 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 5635. Resistance is near 6020 to 6055 abov that 6155 and 6175 offer resistance , a close over 6180 augurs for a trade to 6260.Stay tuned

Dec Heating Oil.
Support should appear near 5790 , buy at 5790 , risk a close under 5715 Belwo that Support should appear near the 5640 region with more located near 5530 Buy at 5555 , risk a lcose under 5490...Resistance is near 5980, Beyond that 6090 offers resistance as does 6190 , sell at 6190 risk a close over 6260...

Friendly.

January Beans Recommended Position Short at 714 (11-03)
Early Resistance is near 717 1/2 and 729 1/2 , beyond that 742 offer Good Resistance ...Sell at 742 and risk a close over 747 of two days in a row...Support is at 715 below that 7011/2 with 689 under that ..

Dec Soybean Meal
Support should appear at 226.2 Resistance is near 237 and 240.1

Dec Soybean Oil Recommended Position Short at 2580
Early support is at 2526 and 2483 below that ...buy at 2469
Resistance is near 2568 with 2583 above that , Traders should sell at 2580 , risk a close over 2620..

Dec Corn
Early support is at 276 1/4, buy at 276 3/4 , risk a trade under 271 Resistance is near 286.5 and 288 and 291

December Wheat
Nearby Support is at 358 below that 352 should hold .. Traders can buy for a position at 351, risk a close under 347. Resistance is near 364 and 368 a close over augurs for a thrust to 373 traders can sell at 373 , risk 5 cents

Trade Accordingly

Dec Cotton
Resistance is near 7320 a close over augurs for a trade to 7425, sell at 7425 , risk a close over 7540 for three days in a row...
Support is at 7200 and 7160 , go long at 7190 , risk a close under 7140 ..below that 7020 should hold...Buy at 7020 risk a trade under 6920..

March Sugar
Resistance is near 1251 , beyond that 1268 and 1279 to 1282 offer resistance Support is near 1217 to 1202 and 1189 ..More Support is near 1163 , buy at 1169 risk a close under 1164 for two days in a row.

December Coffee
Early support is near 142.70 and 140.70, buy at 140.40 for a bounce , risk 350 pts.. Below that 135 should hold.

Resistance is near 145.60 and 146.70 above that 148.90 to 150.40 and 156.90 offer resistance.. a close over 145.60 augurs for a trade to 158.50 and 160.40 with 164.90 above that..beyond that 16890 offer selling pressure .. sell at 168.90 risk a close over 17100 above that 17500 should trade.

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

December Cocoa
Support is near 1562 then 1553 and 1546 ...Below that Buy at 1535 and risk 30 pts. Below that support should appear near 1529 , close under indicates a slip to 1473 , buy at 1473 for a bounce , risk 30 pts.Resistance is near 1612 and 1616 A close over 1616 augurs for a test of 1657 and 1665 , sell at 1665 risk a close over 1690 for two days in a row..Beyond that a trade to 1728 is likely...

A clsoe over 1593 is friendly..

December Live Cattle Recommended Position long at 6677 (10-06) 6920 (9-17) and 6732(11-04)
Long Dec Short June at -165. (9-02)
Support should appear at 6662 to 6650 .Below that 6612 and 6585 should hold .Resistance is near 6737 and 6812 close over 6812 , augurs for a thrust to the 6882./ 6897 region.

A close over 6737 is friendly

Be long...

December Hogs Recommended Position Long at 6192 (11-03)
Early support is near 6195 /6172 Below that 6087 offers support , buy at 6087 , risk a close under 6022.. Resistance is 6267 and 6292 and 6347 ..

Feb Bellies

Early Resistance is at 6507 ..sell at 6507 above that 6522 and 6577 offer resistance..beyond that traders should sell at 6647 for a turn lower, risk a close over 6727 for three days in a row. Above that 6802 should trade ....sell at 6802 for a position..and stay tuned... Support is near 6357.. below that 6237 and 6212 offers support , buy at 6192 for a bounce , risk 50 pts.. Below that 6062 should trade ...
Trade Accordingly

Dec Bonds
Early support is at 117-06 ..however for today Failure of 117-08 .117-12 basis the close augurs for a pull back to 116-08 below that 115-14 and 115-07 offer support , a close under 115-07 is negative and should yeild a decline to 114-22 and 114-05 and 113-22 where traders can buy for a turn higher , risk a close under 112-30 for two days in a row. Resistance is at 117-29 and 118-08 with 119-08 and 119-17 above that. traders can sell at 119-11 , risk a close over 119-22 for two days in a row...Above that resistance should raise it's head near 120-06 sell at 120-06 and risk 15 pts.

Dec SP500
On the Downside, Early and critical support is 938.8 below that 936.95 to 934.70 and 932.50 to 931.70 under that 923.60 below that 922.80 offer good early support ..., buy at 922.80 for a bounce , risk 350 pts. Below that 916.30 to 914 offers a buying region Buy at 915.60 for a turn higher , risk a trade under 913.80 Below that 910.70 offer supports ..failure there indicates a slip to 900.50 Buy at 900.50 risk a trade under 896.40. Good Support should appear in the 891.00 region Below that Buy at 885.60, risk a trade under 881.60 ...If that fails a slip to 868 is likely Support should appear at 868.40, Risk a close under 866.80 .. below that 859 should hold .. Buy at 859 risk a close under 856 for two days in a row as a Failure there indicates a decline to 825 ....

On the Upside Resistance should appear near 947.60 , sell at 947.60 for a turn lower, risk a close over 948.80 , beyond that resistance should appear near 948.50 and 952.60 and 954.20..sell at 954.10 risk a trade over 958.80.. Beyond that 962.50 and 964.10 offer resistance sell at 964.00 ..and stay tuned for the stop...

Trade Accordingly and Carefully...

The Dow Jones Industrial Average(cash)
Early Support is is near 7672 .. below that 7618 then t 7563 offer support , resistance is 7715 with 7749 and 7763 to 7777 acting as good resistance...A close over 7777 augurs for a 'pop' to 7862 where Sellers should appear..and cap the rally ... However it the Dow still rolls forward 7901 should trade .. above that 7939 to 7954 offers resistance and should cap a rall..

Happy Trading

Bill

11-05 1997 8:00 AM est

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