August 17 1997
1:45 PM est
Sept. J-Yen
Near term resistance is at 8523 and 8567 ..More Resistance
is near 8590 then 8668 beyond that 8710 offers resistance Good Resistance
is near 8795 then 8834 beyond that 8934 offers resistance, beyond that
8965 should trade. A close over 8965 augurs for a trade to 9044 to 9060
. Traders should Sell at 9068 for a 2-day turn lower, risk a close over
9060. Beyond that 9266 is likely , then 9480 where Position traders should
sell and risk a close over 9526 for three days in a row.
On the Downside Nearby Support should be evident at 8467. Beyond that augurs
for a slip to 8412 then 8406 where buyers should have orders resting for
a long position . Risk a close under 8355 for two days in a row.
Trade Accordingly.
Sept. Swiss Franc
Support should appear at 6613 . Below that 6560
then 6529 offers some support. Buy there for a bounce risk 30 pts. Early
Resistance is at 6700 to 6713 a close over 6673 augurs for a trade to 6747
sell there for a quick turn risk a close over 6797 for three days in a
row. Above that 6817 is likley then 6836.
Sept. British:
Early Support is at 15928 below that 15760 then
155.06 offers support ,buy there for a turn higher risk a close under 153.50
for three days in a row. Resistance is near 160.90 sell there for a turn
, risk a close over 161.50 for three days in a row.
Sept. D-Mark
Resistance should appear near 5504 then 5554 offers
resistance,Short term traders can sell short at 5553 for a turn, risk a
close over 5577 initially.Stay tuned. Beyond that 5633 is likely. Support
is near 5470 to 5454. Below that 5377 and 5351, buy at 5351 for a bounce,
risk a 20 pts
Trade Accordingly.
Precious Metals
December Gold Recommended Position
long at 328.80
Support is at 328.8 below that 326.3 offers support..Resistance
is near 335 to 338 and 341.2 A close over 335.5 augurs for a thrust to
348..Where Longs can sell calls or exit positions and await a dip to re-buy.
A close over 348 augurs for a trade to 353 where traders can short the
Yellow Metal for a turn only , risk a close over 356.
Be Long ...Conservative Traders Should Buy April and Feb Gold 370 Calls to maintain exposure on the long Side... .
Sept. Copper Recommended Position
long at 105.80 and 101..65
Resistance is near 100.85 then 101.95, a close
over 100.85 augurs for a test of 103.20 Support is 99.95 then 98.50 and
97.95...
Oct. Platinum Recommended Long
at 437, 427, and 417.
Support should appear near 418.5 where aggressive
traders can begin to buy, more support rests near 413 where traders should
buy for the 'pull' Risk a close under 401 for three days in a row.Resistance
is near 433 to 438 then 442. Beyond that 455 to 464 and 478 close over
478 augurs for a trade to 500.
Buy dips
A close over 428 is Bullish....
Sept. Silver Recommended Position
long at 450
Support should appear near 452 then 449 , buy
there for a bounce risk 7 cents.Below that 432 is where long term long
term traders can buy for a position, risk a close under 425 for three days
in a row. Resistance is near 457 then 468.5 sell there for a turn or to
exit , stay tuned ...beyond that 482 should trade...
A close over 449 maintains good posture...
Be long.
The Exciting Energies
Sept. Crude Oil.no position
Last trading Day is Wed. All positions should be rolled
or exited by close tuesday.
Support is near 1999 then 1984 , below that 1974
offers support. If a good break occurs, 1915 then 1882 offer support.Traders
should have buy orders waiting for a good bounce at 1882 , risk a close
under 1865 Resistance is near 2024 to 2034. More Resistance is near 2049
then 2088 , a close over 2088 augurs for a thrust to 2170 and beyond.
Sept Unleaded
Support is near 6595 then 6495 to 6490 , below
that 6420.Ressistance is near 6695 then 6795 and 6845.
Sept Heating Oil.
Support is near 5480 then 5415. Below that 5340.
Good support is at 5205 and offers a buying region and where traders can
buy for a turn higher and risk a close under 5190 for three days in a row.
Near term Resistance is at 5545 then 5635. Sell short at 5710 , risk a
close over 5790 for three days in a row. More Resistance is near 5980.
Sell at 5945 for a turn and risk a close over 6035 for two days in a row.
Stay Tuned
Trade Accordingly
The ‘Grande’ Grains
November Beans Recommended position
Long at 617
Resistance is near 617 1/2 then 619 and 625 a
close over 617 1/2 augurs for a test of 639,
Support is at 611 then 601 where traders should Buy for the 'Pull. More
support is a t 597 1/2 and 589 3/4, below that 583 offers a value region.
Spreaders should consider Buying Sept Beans and Selling
November at 43 Cents
Sept over Nov. The target is 52 and 59 with a thrust to 67 / 68 likely
Trade Accordingly
Dec Soybean Meal
Support is near 196.5 where traders should Buy for
a bounce risk a lose under 192.20
Resistance is near 202 then 204. A close over 202 augurs for a test of
208.
Dec Soybean Oil Recommended position
Long at 2185
Support is at 2270 then 2225 and 2215.
Resistance is near 2297 beyond that indicates a trade to 2339 then 2347
with 2367 above that.
Be Long...
Sept Corn
Early support is 257 3/4 buy there for a bounce
risk 5 cents, more support is at 252. Resistance is 262 then 266 3/4 sell
there for a turn lower. . Above that 272 is firm....
December Wheat Recommended positon
Long at 379 3/4
Resistance is near 372 then 375 a close over 375
indicates a trade to 381Support is near 365 3/4. Buy Dec Wheat at 360 ,
risk a close under 346 for three days in a row.366.
Trade Accordingly
The Satisfying Softs
October Cotton
Support is near 7415 then 7385 Resistance should
appear near 7515 beyond that 7580 and 7620 sell there for a turn risk a
close over 7690 for two days in a row.
October Sugar Recommended position
Short at 1190.
Support is near 1185 then 1157 and 1121 where
traders can buy for a bounce, risk a close under 1106 for three days in
a row. resistance is at 1197 then 1215.
September the' Monster' Coffee First
Notice day is Thursday
Resistance is at 180.95 then 183.35 and 186.50. Support is 172.55 , below
that 165.50 and 161.10 offer some support as does 155..
November Orange Juice Recommended position Long at
7725 and 8200
Support is at 7030 then 6990 to 7005, below that 6465 offers a value
region. Resistance is near 72.50 then 7340. A close over 72.60 is friendly.
Sept Cocoa Recommended Position
Long at 1535
Support is near 1465 , below that 1459 to 1456
.Traders should buy 1459 for a bounce risk a close under 1439 for two days
in a row. Resistance is near 1496 then 1506, close over 1529 augurs for
a test 1556 to 1565. Beyond that sell short at 1595 risk a close over 1615
for three days
in a row.
Sept Lumber Recommended Position long at 344
Support is near 344.30, More Support is 341.60 then 338.
where traders can buy for a bounce risk a close under 330.Resistance is
near 348.20, beyond that 349.20 and 351.70 with 356.80 above that..
Trade Accordingly.
The Lively Livestock
Oct Cattle: Recommended Long at
6972
Support is at 6992 buy there for a bounce. Below
that 6917 offers a buying this region risk 50 pts. Resisitance is near
7045 then 7062 , beyond that 7122 offers a selling region, sell short /exit
at 7122 risk a close over 7170 , for three days in a row.then wait to buy
a dip to re-enter longs.
Trade Accordingly. and stay tuned...
October Feeder Cattle
Resistance is near 8122 to 8137 a close over 8127
augurs for a test of 8222 then 8245. Support is a t 8025, buy there for
a turn higher , risk 60 pts. More support is at 7977 .
Trade accordingly.
October Hogs Recommended Position
short at 7180.
Nearby Resistance is at 7157, sell at 7152 for
a quick turn lower , risk 30 pts. Above that 7212 offers resistance . Support
is at 7087 then 7052 , below that buy at 7022 , risk a close under close
under 6927 for three days in a row.
August Bellies
Support is near 8247, a close under augurs
for a test of 8005.
Resistance is near 8447 then 8607.
Feb Bellies Recommended Position Long at 7237.Risk
a close under 7097 for two days in a row.
Support is at 7142 offers support , then 7087
and 6990 to 7002. Resistance is near 7327 and 7487.
U.S. 30 Year Bond Futures.
Sept Bonds
Resistance is near 113-30 , and where resistance
should be firm. Position traders should Sell short at 113-30 risk a close
over 114-03 for three days in a row. Above 113-30 , 114-03 offers heavy
resistance.Beyond that 114-18 offers resistance then 114-30 should cap
a rally.
Nearby Support is 113-18 and 113-10 , below that 112-30 then 112-22 with
112-03. below that. 111-30 to 111-19 has firm support , a close under 111-19
augurs for a test of 111-07 If 111-07 fails to hold , then 110-28 should
trade, a close under that would yeild an eventual slip to 109-28 then 109-15.
Trade Accordingly
Standard and Poor's SP 500 Index Futures
Sept SP500
On the Downside, Early and critical support is
898.35 If the market falls to 897.40, go long for a good bounce and Stay
Tuned..Below that 896.40 to 893.40 offers support. A close under 893.40
augurs for a pull back to the 882.60 region , failure there indicates a
slip to 874.10 and 872 with 868.30 below that .In the event of a another
Bad day 840.60 is the place where traders should Buy and Hold.
Restance is 900.40 above that 903.20 then 904.40 to 906. Sell short at
905.80 for a quick turn. Beyond that 914.00 to 915.60 offers reistance
Above that 923.60 should trade. Beyond that 930.05 offers resistance.
Trade Accordingly, Stay Tuned and above all 'When in doubt Get Out'
Happy Trading
Bill
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