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 11-10-1997 6:00 AM

Dec-Yen

Early Resistance is near 8182 above that 8194 to 8223 and 8229. A close over 8182 augurs for a trade to 8256 and 8300 to 8312 where resistance remains. Support should appear near 8119 below that 8044 should be bought for a bounce risk 30 pts ..

Trade Accordingly..

Dec Swiss Franc Recommended Position Short at 7110 (11-03) & 7204 (11-07)
Support should appear near 7179 to 7166, a close under 7160 idicates a slip to 7129, a collapse would yeild a decline to 7106 or even 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 7201 and 7229 beyond that 7266 and 7312 offer resisistance 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 167.50 indicates a decline to 164.20 then 162.60. Resistance is near 169.60 which should cap the rally for now...

Trade accordingly..

Dec D-Mark Recommended Position Short at 5855
Support is near 5820 below that 5802 then 5766.
Nearby Resistance is at 5855 to 5870 and 5902

Dec Canadian Dollar

Support should appear near 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 Recent Gov't reports reports on large trader positions (commitments) Tell me one thing DO NOT BE SHORT GOLD.. The Commercials have added a whopping 45,000 + to their long positions ...Stay tuned... 
Nearby support is at 306 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 and 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 8800 and 8570 offer support. Resistance is at 9879 and 9000 to 9190 with 9390 above that..

January Platinum Recommended Position Long at 414 (10-24) and 391 ( 10-07)
Nearby support appear near382 .Resistance is near 404 and 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 478 and 473, 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 and 497

Friendly Buy Dips

Dec Crude Recommended Position Long at 2238 (10-06)
Early support is at 2055, Below that 2037 then 1961 which should considered buying regions ,buy at 1953 risk a close under 1945 for two days in a row.

Resistance should appear near 2087 and 2105 beyond that 2130 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)

Early support is near 5945 and 5775 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 5635. Resistance is near 6055 above that 6155 and 6175 offer resistance , a close over 6180 augurs for a trade to 6260.Stay tuned

Dec Heating Oil. Recommended Position Long at 5790
Support should appear near the 5790 to 5805 region below that 5640 region with more located near 5530 Buy at 5555 , risk a close 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 742 ..Sell at 742 and risk a close over 747 of two days in a row..Beyond that 745 and 759 offer resistance. .Support is at 733 and 731 , a slip under that aufgurs for a trade back to 717 ..

A close under 733 is negative..

Dec Soybean Meal
Support should appear at 240.1 Reistance is near 251 to 253..

Dec Soybean Oil Recommended Position Short at 2580
Early support is at 2526 and 2483 below that ...buy at 2469
Resistance is near 2583 and 2612 to 2620...

Dec Corn
Early support is at 2382 and 278 berlow that , buy at 276 3/4 , risk a trade under 271 Resistance is near 288 and 291 beyond that 293..

December Wheat
Nearby Support is at 353 Traders can buy for a position at 351, risk a close under 347. Resistance is near 359 and 365 with 371 above ...a close over 365 augurs for a thrust to 373 traders can sell at 373 , risk 5 cents

Trade Accordingly

Dec Cotton Recommended Position Long at 7190
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, below that 7020 should hold...Buy at 7020 risk a trade under 6920..

March Sugar
Resistance is near 1232 , beyond that 1248 and 1268 Support is near 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 146.10 buy there for a bounce , risk 150 pts Below that 145.80 and 143.80 to 142.50 should hold and be bought ...for a bounce , risk 150.pts Resistance is near 151.05 beyond that 155.80 to 156.40 with 158.50 and 160.40 to 164.90 above that..beyond that 168.90 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 1609 below that 1576 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 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...

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 6672 to 6627 .Below that 6597 should hold .Resistance is near 6747 and 6777 a close over 6747 , augurs for a thrust to 6822 and then the 6882./ 6897 region.

December Hogs
Early support is near 6057 below that 6007 ..however traders should buy at 6087.. risk a close under 6022.. Resistance is 6107 and 6147 beyond that 6190....

Feb Bellies

Early Resistance is at 6205 and 6217 beyond that 6337 should trade.. Support is near 6067 and 6015 below that 5912 to 5892 ...
Trade Accordingly

Near Term Friendly for a rally back to 6600..

Dec Bonds
Early support is at 117-12 ..however for today Failure of that level basis the close augurs for a pull back 117-05 .. aclose under 117-05 indicates a slip to 116-12 below that 115-14 and 115-07 offer support , a lose 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 118-12 and 119-05 to 119-11 . 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 near 932.90 below that 923.60 to 922.80 with 921.40 under that ..., buy at 921.40 for a bounce , risk 150 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 938.80 with good resistance at 940 .30 and 942.90 to 944.50 as a target for the near term... beyond that 947.60 to 948.60 and 952.60 to 954.20..offer resistance . 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 7563 below that 7513 and 7486 under that 7414 should hold...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 that rally

Happy Trading

Bill

11-10--1997 7:50 AM est

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