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.
Thurs July 24 1997
04:45 Hrs AM NYC TIME
Note the New Bi-Weekly Investment Outlook will be out on Saturday
most of the trades from the July 12 Bi-Weekly are done be patient..
Sept J-Yen
Good Resistance is near 8762 where traders should sell for a turn , risk 30 pts. Beyond that day traders can sell 8830 and risk 20pt. Support is near 8668 where traders can buy for a bounce risk 20 pts. Beyond that a drop to 8589 is likely.
Trade Accordingly...
Sept Swiss Franc
Early resistance is near 6809 sell there risk 25 pts above that 6906 is where traders can look to short for a position , risk a close over 6955.Nearby Support is at 6703 , a close under 6750 augurs for a test of 6673 , Buy at 6662 for a bounce , risk a close under 6640 for two days in a row...
Sept British:
Support is near 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 167.90 then 16890 and 169.60, sell 16960 for a turn risk a close over 170.60. for two days in a row.
Sept D-Mark
Resistance should appear at 5553 then 5570 and 5678 . Beyond that 5716 is where short term traders can sell for a turn, risk a close over 5741..stay tuned Support is near 5430..
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 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 321.3 for a bounce risk a trade under 314.
Sept Copper
.Recommended Position long at 109.65.
Resistance is near 106.80 thern 108.80 to 109.60 .A close over 108.75 augurs for a test of 110.60 . Support is near 103.65 .then 102.45
Trade Accordingly..
Oct Platinum
Support should appear at 406 then 396.Resistance is near 410 then 416,
.
Sept Silver:
Support should appear near 425 , below that 405/401 where long term long term traders can buy for a position, risk a close under 398 for three days in a row. Short term players can buy 422 for a bounce risk 6 cents. Resistance is near 434 then 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
Sept Crude Oil.
Support should appear near1946 where day traders can buy for a bounce , risk 35 pts.Resistance is near 1996
.August Unleaded
Support is near 6035 Then 5950 . .Resistance is near 6255 ..
August Heating Oil
Support is near 5055 where agressive traders can buy for a turn higher and risk 80 pts Resistance is near 5430 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
Support is near 734 , buy there for a bounce , risk 7 cents.More support is near 714 1/4 . Resistance is near 743 beyond that 756.
Trade Accordingly...
November Beans
Support is near 590 then 583, below that 580 where traders should Buy for a turn higher , risk a close under 565 for three days in a row...Resistance is near 602 1/2 above that. 610 and 615
Trade Accordingly....
Dec Soybean Meal.
Support is near 194.67 , below that a slip to 188.6 is likely , traders can buy at 187.9 for a turn higher, risk a close under 185.9 Resistance is near 200.9 Sell near 203.7 for a turn risk a trade over 207.
Dec Soybean Oil Recommended Long at 2216
Nearby support is at 2185.
Resistance is near 2226 above that 2276 offers selling then 2339 .
Bullish long term....
Sept Corn
Resistance is near 246 then 249 to 251. .Support is near 241 1/4 , under that 239 is likely , a close under 246 augurs for a drop to 239 1/2 .
Trade Accordingly.
December Wheat
Resistance is near 368 1/2 then 374 . Support is near 362 then 357.
Trade Accordingly.
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 7530 then 7575, sell at 7575 for a turn risk a close over 7675 for two days in a row.
October Sugar Recommended Short at 1130 Risk a close over 1158 for three days in a row.
Support is near 1136 then 1107 below that 1087 is where traders can cover/ buy for a position, risk a close under 1056 for three days in a row.Resistance is near 1176
September the' Monster' Coffee
Good Support remains at 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 187. Hearty traders can sell near 212.50 , risk a close over 213.5 for three days in a row...
Stay Tuned & Have your' Steel Cup' Ready
November Orange Juice Recommended Position Long at 7860.
Risk a close under 7650 today. Resistance is near 7745 then 7865, Above that 8020 should trade.Support is near 7515..then 7425.
Sept Cocoa Recommended position long at 1535 hold , risk a close under 1490 for three days in a row..
Support is near 1462 , have buy orders waiting at 1459 for a bounce risk a close under 1422.. Resistance is near 1529 then 1545 .
The Lively Livestock
August Cattle
Nearby Support is 6590 where traders should buy for a turn higher, risk 50 pts Resisitance is near 6677 beyond that 6740..
Trade Accordingly..
August Feeder Cattle
Good support is 8137 ,medium term traders should have buys waiting.at 8137 risk 50 pt. Resistance is near 8300 then 8312, beyond that a test of 8387 then 8407 is likely...
August Hogs
Support is near 7957, buy there for a bounce. risk 60 pts. .Below that 7910 should hold basis the close If not, slip to 7640 is likely.... .Resistance is near 8037, above 8117. Traders should sell at 8117 for a turn risk 60 pts..
Trade Accordingly...
August Bellies Recommended position Short at 8307, 7785 and 7947(Flashes,MC) Exit 1/3 8080 MIT
Support is near 8065 then 8007 , a trade under augurs for a test of 7957. Resistance is near 8117 then 8187.
Stay Tuned
Bearish...
A close under 8045 augurs for a test of 7600.
U.S. 30 Year Bonds.
Sept Bonds
Early support is near 114-24 then 114-20, buy there for a bounce risk 5 pts..
Resistance is near 115--28 sell there for a turn risk 5 pts.
Standard and poor's SP 500 Index
Resistance is near 942.90 above that 945.25 then 952.60 to 954.20 offers a selling region.Beyond that 955.15 should trade. Support is at 934.70 below that 931.60 should trade , a close under 939.50 is negative...and would most likely lead to a slip towards 931.4....
Happy Trading ..
Bill