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 8047 above that 8087and 8119. A close over 7999 augurs for a trade to 8119 and 8134 where resistance remains. Support should appear near 7947 below 7897.

Trade Accordingly..

Dec Swiss Franc Recommended Position Short at 7110 (11-03) & 7204 (11-07)
Support should appear near 7145/7139, 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 7189 then 7239 and 7245 beyond that 7286 offers resistance 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
Support is near 5792 below that 5780 failure there indicates a decline to 5726....
Nearby Resistance is at 5830 then 5880 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 304.5 and 302.6 to 298.10 Resistance is 314 beyond that 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 8615. Resistance is at 8870 then 8950 and 9010 with 9215 above that.. ... a close over 8870 is friendly....

January Platinum Recommended Position Long at 391 ( 10-07)
Nearby support appear near 390.9 then 386.7. Resistance is near 398 and 405 , a close over 398 is friendly and indicates a test of 410.

December Silver...
Early support is at 492 and 483, 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 502 beyond that 508 offers resistance..

Friendly Buy Dips

Dec Crude
Early support is at 2033, Below that 2008 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 2058 and 2080 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 5805 and 5775 buy there for a bounce only , risk a trade under 5710, below that 5680 offers support , traders should consider buying near 5680 if able...risk a close under 5635. Resistance is near 5910 above that 6010 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 738 1/2.Beyond that 746 1/2 and 760 offer resistance. .Support is at 732 1/2 and 726 , 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 235.4 Reistance is near 241 and 246..

Dec Soybean Oil
Early support is at 2520 and 2612
Resistance is near 2663 to 2672

Dec Corn Recommended Position Long at 276 3/4 (11-10)
Early support is at 273 3/4 and 268 Resistance is near 276 1/2 and 278 3/4 beyond that 283 should trade...

December Wheat
Nearby Support is at 342 3/4 below that 335 should hold , go long at 335 , risk 6 cent. Resistance is near 348 1/4 and 354 ....Trade Accordingly

Dec Cotton Recommended Position Long at 7190 and 7020 (11-10)
Resistance is near 7075 to 7090 beyond that 7140... a close over 7075 augurs for a trade to 7140..
Support is at 6990 and 6920..

March Sugar
Resistance is near 1232 and 1238 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 156.45 and 155.30 Below that 151.50 and 149.60 should hold and be bought ...for a bounce , risk 150.pts Resistance is near 161.40 to 161.80 ..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 1609 below that 1576 then 1553 and 1546 ...Below that Buy at 1535 and risk 30 pts. Resistance is near 1642 and 1655, 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 6657...Below that 6607 should hold .Resistance is near 6685 and 6712 a close over 6717 , augurs for a thrust to 6742 and 6757.

December Hogs
Early support is near 6165 below that 6122. Resistance is 6220 and 6257 beyond that 6320...

Feb Bellies

Early Resistance is at 6227 beyond that 6257 to 6270 ...above that 6305 should trade with a trade to 6337 /6352 likely and sellers appearing near 6372..Support is near 6182 and 6145 below that 6077 ..with 5912 to 5892 ...under that...

Trade Accordingly

Near Term Friendly for a rally back to 6600..

Dec Bonds
Early support is at 117-15 ..however for today Failure of that level basis the close augurs for a pull back 116-31 .. a close under 116-31 indicates a slip to 116-15 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 118-15 and 118-31 above that 119-15. 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)
On the Downside, Early and critical support is near 914 Below that 912.10 and 910.0 offer support ..an extended failure there indicates a slip to 901.30 and 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, Buy sat 968.40 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 917.30 and 919.60 to 920.60 beyond that 923.60 offers resistance.
Above that 931.60 and 933.20 to 934.70 offer resistance

Trade Accordingly

The Dow Jones Industrial Average(cash)
Early Support is is near 7378 under that 7342 should hold...resistance is 7414 to 7428 beyond that 7486 to 7512.. with 7587 and 7601 acting as good resistance...

Happy Trading

Bill

11-13-1997 6:15 AM est

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