Forex ...Precious Metals ...Energies....Grains...Softs...Livestock...Bonds..SP500
“Among the hazards of speculation the happening of the unexpected- I might even say the unexpectable ranks high." Reminiscences of a Stock Operator

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.

Thursday July 10 1997 12:56 AM

Sept J-Yen
Selling pressure will be seen near 8985 hearty traders sell there for a turn.Risk 25pts. Above that sell JYU near at 9040 use a stop close over 9067 for two days in a row.Early Support is near 8934 then 8918 where traders can buy for a day bounce risk 25 pts.. Below that a slip to 8888 is likely. Then 8660 . Traders can go long near 8484 , risk a close under 8406 for two days.

Trade Accordingly.

Sept Swiss Franc
Early resistance is near 6930 then 6967. Above that 6976 offers a good selling region where short term traders can sell the Swiss and risk a close over 7017 for two days in a row. Support remains near 6880 , a close under 6867augurs for a slip to 6826 then 6774....

Sell Rallies..

Sept British
Support is near 167.82 then 166.50, below that buy at 164.20 for a bounce , risk a close under 164.00 for three days in a row. Resistance is near 169.80 above that go short for a turn near 170.90 , risk 80 pts.

Sept D-Mark
Still bearish , resistance should raise its head near 5714 ,where traders can sell for a turn, risk 35 pts more Resistance is near 5735 and 5785. Support is near 5685 and 5635 eventually I see a drop to 5577.

Sell rallies...

August Gold
Resistance is near 321.5 then 327. Support is near 316.5 then 308 and 306..

A close over 327 is Bullish

Sept Copper Recommeded Position Long at 113.55 and long at 109.65 use a protective stop under 102.10 Today Only
Resistance is near 103.55 then104.10.. Support is near 102.10 then 100.55 where traders can go long for a good bounce risk a trade under 99.35.

Oct Platinum Recommended Position Long at 405.50 and 386.80 use a protective stop under 376.0 for Two days in a row on all positions
Support is near 380 then 376. Resistance is near 384 then 390 and 397

A close over 386 is friendly.

Sept Silver:
Support should appear near 427.and 419 Resistance is near 435 then 447

A close over 436 is friendly.

Bulls can Buy with a stop close under 425...

August Crude Oil

Support is 1943 then 1927, below that 1918 is where traders should buy and hold on a close over 1909..Resistance is near 1968 then 1982 above that 1993 then 2006.

Buy this dip...stay tuned

August Unleaded
Support is near 5775 then 5730 below that buy for bounce at 5645 and hold using a stop close under 5580 for three days in a row.Resistance is near 5875.then 5975.

August Heating Oil.
Support should appear near 5135 where agressive traders can buy for a turn higher and risk 80 pts. Resistance is near 5315 then 5425.

August Beans
Support is near 736 then 725 3/4 , buy there for a bounce, risk 8 cents Resistance is 750 1/4 then 764. above that 774

A close over 750 augurs for a trade to 764...

November Beans
Resistance is near 611 1/4 then 616. Above that 621. Support is near 600 1/2 then 593.below that buy at 579 and hold.

Trade Accordingly

Dec Soybean Meal.
Support is near 193.9 then 188.9. Resistance is near 201.6 then 204.2 to 205.6.

Trade accordingly

Dec Soybean Oil
Support is near 2202 where traders should buy for a bounce, use a 50 pt stop, More support is near 2185. .Resistance is near 2288 Beyond that 2302 then 2341.

Sept Corn
Resistance is 238 1/4 then 241 and 243. Shorting on rallies only is suggested . Sellers should begin Short sales near 245 up to 256. Support is near 233 1.2 then 227 3/4.

December Wheat
Resistance is near 349 1/4 then 354 Support is near 342 then 338 3/4

Trade Accordingly.

Dec Oats
The close over 146 augurs for a test of 157 Support is near 142 then 133 buy there, risk a close under 127 for three days in a row. Resistance is near 147 then 149

October Cotton Recommended Long at 7345 Use a stop close under 7330 today only
Exit at 7470 MIT
Support is near 7385 then 7335 and 7285. Resistance should appear near 7470 then 7485 above that 7535

October Sugar
Support is near1091 then 1080.More Support remains at 1068 where traders can buy for a position, risk a close under 1056 for three days in a row.Resistance is near 1120 then 1143

Trade accordingly.

September the' Monster' Coffee
Early Support is near 173.85 where traders should go long Sept Coffee, Hold stay tuned.. More support is near 169.65 and 168.50 , below that Long term traders should buy at 159.30 for the 'pull'. Risk a close under 152.50 for three days in a row. Resistance is near 178.80 then 180.80 . A close over 179 augurs for a move 190.20 then 203.40 and 212.50 where traders can sell, risk a close over 213.5 for three days in a row.
Have your 'Steel Cup' Ready

November Orange Juice Recommended Position Long at 7860
Risk a close under 7625 for three days in a row.Support is 75.35 then 7430. Resistance is near 77.40 then 7835 and 7930 to 8020.

A close over 7740 augurs for a thrust to 8030

Sept Cocoa
Support is near 1576 then 1564below that 1514 offers support . Buy near 1480 , risk 30 pts. Resistance is near 1614 sell there or a turn, risk 25 pts above that sell near 1658 risk 30 pts.

August Cattle Recommended Position Long at 6382. Risk a close under 6325 for three days in a row.
Nearby Support is 6367 the 6350. Below that 6277 offers support.. Resisitance is near 6417 then 6427 to 6445. . A close over 6432 augurs for a pop to 6502.

August Feeder Cattle Recommended Position Long at 7997.
Support is at 7985 then 7957. Resistance is near 8062 thren 8082 A close over 8090 augurs for a trade to 8132

Trade Accordingly.

August Hogs
Support is near 7952. Below that 7867. Resistance is 8085 and 8117 where we would sell for a turn , risk 75 pts .More Resistance is near 8147.

August Bellies Recommended position Short at 8185 and 7785 (Flashes)

Support is near 7687 a trade under augurs for a slip to 7642 then 7602. Resistance is near 7762 then 7827 above that sell near 7947 for a turn risk a close over 8225 for three days in a row.

Sell Rallies...look for 7342 or 7172 ...if the 'Cat Gets Out Of The Bag'

Sept Bonds

Recommended Short at 110-18 and 111-26 and 113-01 Hold...

Resistance is near 114-06. Beyond that long term traders and Hedgers can sell Sept Bonds at 114-12 to 114-15 (Both Hands) risk a trade over 114.31. More Resistance is near 114-18. Above trhat 115-15 Support is 113-22 then 113-15 A sustained trade under 113-22 augurs for a slip to 113-12. A close under 113-15 augurs for a silip to 112-16 .

Be short on a close under 113-22 for a dip to 111-02...then 110-09.... I know I must be 'Nuts'.

Sept SP500
On the Downside, support is near 915.60 then 914.00 If that region fails 910.65 should trade where traders should go long for a bounce only, use a 150 pt stop. Below that 906 will trade.Good support is near 904.40 , buy at 904.40 for a bounce risk 350 pts.under that.900.40 should hold if the mkt is is not going to correct to 893 then 886....

A close under 910.50 is real bad.

On the Upside, Resistance is near 923.60 then 926.65 sell at 926.65 for a turn lower risk 150 pts More resisance is near 931.60 a close over augurs for a pop to 949.25.

Until 906 is tested again ...I remain unfriendly....

High Risk Traders Short (avg 912.20 )at 893.85, 906 and 914.and 922.40 , 918.40 (2)hold. Target 906 to 904 Cover 2/3 at 906.60...Today only....

Only Traders with 'Ice Water in their Veins' should trade SP500's

Happy Trading

Bill

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