Forex ...Precious Metals ...Energies....Grains...Softs...Livestock...Bonds..SP500
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 July 16th 1997
05:32 Hrs .e.s.t
Sept J-Yen
Good Resistance is near 8812 where traders should sell for a turn , risk 30 pts. Nearby resistance is at 8712.where day traders can sell an early rally, good support is near 8663 where traders can buy for a bounce risk a close under 8662. Beyond that a drop to 8589 is likely.
Trade Accordingly...
Sept Swiss Franc
Early resistance is near 6838, then 6906 where traders can look to short , risk a close over 6955 selling region where traders . Support remains near 6793.Eventually a slip to 6741 is likely , then down to 6673 , Buy at 6662 for a bounce , risk a close under 6640 for two days in a row...
Sept British:
Support is near 166.26 then 165.50 where longs can be established for a bounce , risk a close under 164.20 for three days in a row. More support is near 162.66. Resistance is near 169.60, sell there for a turn risk a close over 170.60. for two days in a row.
Sept D-Mark Recommended Position Long at 5609(BW) and 5577(MC)
Resistance should appear at 5600 then the 5606 to 5620 region . Then at 5670 and 5716 where short term traders can sell for a turn, risk a close over 5741..stay tuned Support is near 5777 and 5553 belpow that 5506 should hold...
Prescious Metals
August Gold
Long term traders should have buy orders waiting to assume longs for the pull.at 305.50 risk a close under 303.5 for two days in a row...Resistance is near 322.3 then 329. a close over 329 augurs for a thrust to 337..Where Sellers can short the Yellow Metal for a turn and risk a close over ..345 for two days in a row..Nearby Traders should buy at 319.3 for a bounvce risk a trade under 316.2
Sept Copper
.Recommended Position Long at 113.55. and long at 109.65.
Resistance is near 104.40 , then 105.60 to 106.60., beyond that 108.40 should trade. Support is near 102.4. Traders should buy ast 102.30 for a good bounce risk a close 99.15
Trade Accordingly..
Oct Platinum Recommended Position Long at 393.
Support should appear at 382.8 . A close over 393 augurs for a test of 402..Resistance is near 390 then 392. Above that 402 should trade then 410 , sell threr for a turn risk a close over 416.
Still Bullish.. Buy this dip....
Sept Silver:
Support should appear near 408 to 401 where long term long term traders can buy for a position, risk a close under 398 for three days in a row. Nearby support come in at 424 then 416 where short term players can buy for a bounce risk 6 cents. Resistance is near 448 beyond that a test of 457 is likely , sell there for a turn , risk a close over 465 for two days in a row
Trade Accordingly...
The Exciting Energies
August Crude Oil.
Support in CLQ should appear near1949 where day traders can buy for a bounce , risk 35 pts.Resistance is near 1974 then 1999 and 2012.. Above that sell near 2088 and have the Bi-Weekly nearby..
..August Unleaded
Support is near 5950,buy there risk a trae under 5880 ,below that 5805 should hold. .Resistance is near 6105,. Above that sell near 6205 for a turn lower, risk a close over 6270 or 150 pts.
August Heating Oil.
Support near5205 , buy there for a turn risk 50 pt. Below that 5055 is where agressive traders can buy for a turn higher and risk 80 pts Resistance is near 5320 then 5430 Where traders can sell for a turn , risk 150 pts. More Resistance is near 5515 and 5645, sell 5645 for a turn and risk a close over 5730 for three days in a row.
Trade Accordingly..
The ‘Grande’ Grains
August Beans Recommended Position Short at 774
Support is near 767 1/2 then 753 1/2 and 744 1/2 buy there for a bounce . More support should appear at 737 , Buy at 738 risk a close under 737 or a trade under 722.. Resistance is near 772 3/4 , beyond that781 1/4 then 795A close under 772 or an extended trade under 766 augurs for a test of 753
Trade Accordingly...
November Beans
Support is near 609 3/4 then 595 .Resistance is near 623 3/4 above that. 637 and 651
Trade Accordingly....
Dec Soybean Meal. Recommended Short at 204
Support is near 199 then 195.2 , below that a slip to 188 is likely , traders can buy at 187.9 for a turn higher, risk a close under 185.9 Resistance is near 203.7 Sell near 207.7 for a turn risk a trade over 212.
Dec Soybean Oil
Nearby support is at 2216 Buy there to restablish longs from last week.
Resistance is near 2316 above that 2348offers selling ,then 2378, sell there for a turn, risk a close over 2405 for three days in a row.
Stay Tuned....
Sept Corn Recommended Position Short at 251
Resistance is near 259...Support is near 253, under that 249 ,a close under 249 augurs for a drop to 238.
Trade Accordingly.
December Wheat
Resistance is near 354 to 359 sell there for a turn risk a close over 362..Above that 373 should trade.A close over Support is near 342 then 337 . Traders are urged to have buy orders waiting for a bounce at 337 , risk a close under 330 for three days in a row.
Trade Accordingly.
Dec Oats
. Resistance is near 157 above that 163 should trade.Support is near 147
The Satisfying Softs
October Cotton
Support is near 7295 then 7245 where traders can buy for a position, use a stop close under 7140 for three days in a row. Resistance should appear near 7465 then 7510 and 7575, sell at 7575 for a turn risk a close over 7675 for two days in a row.
October Sugar
Support is near 1087 where traders can buy for a position, risk a close under 1056 for three days in a row.Resistance is near 1127 traders can sell 1130 for a turn , risk a close over 1158 for three days in a row.
September the' Monster' Coffee
Early support is near 149.60 to 148.95 buy at 149.60 for the 'pull'. risk a close under 147 for three days in a row. Resistance is near 159.,30 then 160.35 day traders can sell there risk 200 pts.. Position traders should sell short at 173.45 , risk a close over 179.50. More resistance is near 181 then 187. Hearty traders can sell near 212.50 , risk a close over 213.5 for three days in a row...
A close over 161. is friendly. Stay Tuned & Have your' Steel Cup' Ready
November Orange Juice Recommended Position Long at 7860.
Risk a close under 7650 for three days in a row... Resistance is near 7805 then 8020 above that 8230 should trade. Support is near 7715 then 7490.
Still Friendly...
Sept Cocoa
Support is near 1578 then 1535, buy there risk a under 1521 for three days in a row. Below that a slip to 1462 is likely, have buy orders waiting at 1459 for a bounce risk a close under 1422.. Resistance is near 1628 then 1644. Go short for a turn at 1644, risk a close over 1655 for three days in a row.
The Lively Livestock
August Cattle
Nearby Support is 6510 where traders should buy with both hands for a bounce risk a trade under 6407 . A break to 6447 should encourage buyers to appear. Resisitance is near 6592, then 66237 and 6667. Aclose over 6592 augurs for a pop to 66.50.
Stay Tuned...
August Feeder Cattle
Good support is 8042 then 8012 where medium term traders should have buyers waiting. risk a close under 8007...stay tuned. Resistance is near 8137 then 8150, beyond that a test of 8255 then 8312 is in the cards...
August Hogs Recommended Position long at 8065
Support is near 8077 where traders can buy for a bounce. risk 75 pts. .Resistance is near 8172 , above that 8227 then 8255 where we would sell for a turn , risk a close over 8317 for three days in a row..
August Bellies Recommended position Short at 8307, 8185, and 7785 and 7947(Flashes,MC)
Support is near 8197 then 8127 , below that augurs for a slip to 8067,a close under augurs for a slip to 7842. Below that 7767 then 7642 where it should hold , if not a drive towards 7432 then 7180 is under way..... Resistance is near 8367 then 8545 .
U.S. 30 Year Bonds.
Sept Bonds
Recommended Short at 110-18 and 111-26 ,113-01
Early support is near 113-19 then 113-14 . Resistance is near 114-07 sell there for a turn risk 15 ticks.Above 114-07 offers a test of 114-19 is likely. A close over 114-18 indicates a test of 115-05 to 115-13 .The close under 114-00 indicates weakness a pullback to 113-18 to 113-14 . Failure there would lead to a slip towards 112-21. Good buyers should appear near 112-18
Standard and poor's SP 500 Index
Sept SP500
On the Downside, support is at 928.15 then 927.25 Buy there for a bounce risk a trade under 924.85 .On the Upside, Resistance is near 933.70 where traders can short for a quick turn, risk 150 pts . More Resistance is near 938.10b sell there for a turn risk 200 pts , beyond that 943.10 likley Above that. 958.90 should. trade....
This Newsletter ias dedicated to risk , without Risk there is no reward....
Happy Trading
Bill