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.

              Courage in a speculator is merely confidence to act on the decision of his mind.

Thursday 11-13-1997 5:00 AM

Dec-Yen Recommended Position Long at 8042

Early Resistance is near 8029 above that 8068 and 8104. A close over 8029 augurs for a trade to 8110 and 8111 where resistance remains. Support should appear near 7941 below 7897.

Trade Accordingly..

Dec Swiss Franc Recommended Position Short at 7110 (11-03) & 7204 (11-07)
Support should appear near 7186 and 7152, a close under 7170 idicates a slip to 7136, a collapse would yeild a decline to 7086 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 7236 and 7242 beyond that 7252 and 7286 offer resisistance then 7336.. 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:
Support is at 169.60 below that 16750 and 164.20 A close under 169.60 indicates a decline to 164.20 then 162.60. Resistance is near 173.10 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 5877/ 5888 and 5927

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
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 8965 (11-04)
Nearby support is at 8810 and 8610 offer support. Resistance is at 8955 and 9005 with 9205 above that..

January Platinum Recommended Position Long at 391 ( 10-07)
Nearby support appear near 385 .Resistance is near 396 and 405 , a close over 396 is friendly and indicates a test of 410.

December Silver
Early support is at 484 and 468, 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 497 and 502 beyond that 508 offers resistance..

Friendly Buy Dips

Dec Crude
Early support is at 2032, Below that 2007 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 2057 and 2082 beyond that 2146, a close over 2150 augurs for a pop' to 2197 beyond that a trade to 2219 is likely.

Dec Unleaded

Early support is near 5890 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 5990 above that 6090 and 6135 offer resistance , a close over 6135 augurs for a trade to 6260

Dec Heating Oil. Recommended Position Long at 5790
Support should appear near the 5640 region with more located near 5530 Buy at 5555 , risk a close under 5490...Resistance is near 5990, Beyond that 6070 offers resistance as does 6190 , sell at 6190 risk a close over 6260...

Friendly.

January Beans Recommended Position Short at 714 (11-03) and 742(11-11)
Early Resistance is near 739 1/2.Beyond that 746 and 760 offer resistance. .Support is at 732 1/2 and 723 , a slip under that augurs for a trade back to 718 1/2.

A close under 733 is negative..

Dec Soybean Meal
Support should appear at 237 and 235 Reistance is near 246 and 251..

Dec Soybean Oil Recommended Position Short at 2580
Early support is at 2552 and 2526
Resistance is near 2612 to 2620

Dec Corn Recommended Position Long at 276 3/4 (11-10)
Early support is at 274 1/2 and 273 3/4 below that 268 Resistance is near 277 and 283

December Wheat recommended Position long at 351
Nearby Support is at 348 and 346 Resistance is near 353 3/4 and 358 with 361 above

Trade Accordingly

Dec Cotton Recommended Position Long at 7190 and 7020 (11-10)
Resistance is near 7140 a close over augurs for a trade to 7240
Support is at 6920 and 6865..

March Sugar
Resistance is near 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 156.35 and 155.25 Below that 152.80 and 149.60 should hold and be bought ...for a bounce , risk 150.pts Resistance is near 158.50 and 160.10 beyond that 164.90 above 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 1615 below that 1576 then 1553 and 1546 ...Below that Buy at 1535 and 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 6632 .Below that 6617 should hold .Resistance is near 6680 and 6717 a close over 6717 , augurs for a thrust to 6752 and 6767.

December Hogs Recommended Position Long at 6087 (11-10)
Early support is near 6087 below that 6017. Resistance is 6117 and 6127 beyond that 6190 and 6212..

Feb Bellies

Early Resistance is at 6190 and 6222 beyond that 6337 should trade above that a trade to 6372 is likely...Support is near 6072 and 6030 below that 5912 to 5892 ...
Trade Accordingly

Near Term Friendly for a rally back to 6600..

Dec Bonds
Early support is at 117-14 ..however for today Failure of that level basis the close augurs for a pull back 117-01 .. a close under 117-01 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 118-14 and 119-01 above that 119-14. 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 Recommended Position Long at 927.20 (11-11)and 915.60(11-12)
On the Downside, Early and critical support is near 914 Below that 912.05 and 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 917.10 and 920.70 beyond that 921.95 and 923.60 offer resistance . Beyond that 931.60 and 933.20 to 934.70 offer resistance

Trade Accordingly and light the candles...

The Dow Jones Industrial Average(cash)
Early Support is is near 7486 under that 7414 and 7342 should hold...resistance is 7587 to 7601 beyond that 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

11-12-1997 5:25 AM est

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