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.

Monday Sept 8
5:45 PM EST

Dec-Yen
Early Resistance is near 8397 to 8401, above that 8426/8444offers resistance. Traders should sell an early rally at 8444 , risk 20 pts or a close over 8451initially..Beyond that 8532 then 8660 to 8588 offers good resistance.Traders should sell at 8588 , risk a close over 8620 for three days in a row. Nearby support is at 8344 , buy at 8346 for a turn , risk a close under 8329 or a trade under 8290. A failure of 8300 basis the close augurs for a test of 8223, traders should have buy orders waiting at 8223 for a bounce , risk a trade under 8189.

A close over 8402 is friendly and augurs for a rally to 8440...

Trade Accordingly..

Dec Swiss Franc Recommended Position long at 6836
6780 offers support , buy at 6776, risk a close under 6761 for three days in a row. Early Resistance is at 6809 then 6830. Above that 6880 , sell at 6906 for a turn , risk a trade over 6937, beyond that 6976 to 6990 offers resistance, sell at 6989 ,risk a close over 7003 for two days in a row. Beyond that 7094 should trade Stay Tuned...

Trade Accordingly..

Dec. British: Recommended Position long at 157.60
Support is at 157.10 then 156.76 Resistance is near 159.60. Above that 160.44 then 160.90 and 161.50 offer resistance. Traders should sell at 160.44 for a turn lower, risk a close over 160.90 for two days ina row.. Above that augurs for a trade to 162.10 , where it should be sold for a turn , risk a close over 162.90 for two days

Sept. D-Mark Recommended Position Long at 5567
Support is near 5553 then 5543 to 5521 Support should also appear near 5517 , where traders can buy for a good bounce , risk a close under 5482.Below that 5430 should trade.
Nearby Resistance 5571 then 5617 to 5624 with more at 5640 to 5667 , sell there for a turn lower , risk a close over 5692. Beyond that 5716 then 5729 offers reistance, sell at 5729 , risk 20 pts. Beyond that 5790 to 5805 offers resistance , sell at 5792 , risk a trade over 5818.

Trade Accordingly and Stay tuned for FuturesCom Flashes ..

December Gold Recommended Position long at 328.80 & 323.90
Nearby support is at 323.4 then 318 to 315.Below that 308 should hold. Resitance is at 327.8 and 328.3. A close over 328.5 augurs for a rally to 335 where good reistance rests. Beyond that 338 offers reistance above that 341 to 343should trade . Sell at 343 risk a close over 345.

Be Long ...Conservative Traders Should Buy April and Feb Gold 370 Calls to maintain exposure on the long Side.

Dec Copper
Nearby support is 9545, where traders should have buy orders waiting for a turn higher. Risk a close under 9470 for three days in a row. Resistance is at 9740 and 9860 beyond that Traders should sell at 101.35 for a turn lower risk a close over 102.80 for three days in a row.

Trade Accordingly

Oct. Platinum Recommended Position Long 3 avg 427.
Nearby support appear near 407 where aggressive traders can begin to buy, more support rests near 402 where traders should buy for the 'pull' Risk a close under 399 for two days in a row. Resistance is near 417.8 to 418, aclose over 418 augurs for a 'touch' of 425 then 427. A close over 426 indicates at 'Dash' to 434 then 454 prior to expiration.
Buy dips

December Silver Recommended Position Long at 472& 469
Early support is 467.5 buy there for a bounce, risk 5 cents. More Support should appear near 460.5 buy at 458.5 for a position, risk a close under 455 for three days in a row. Resistance is near 473 above that 480.5 then 492 where good sellers should appear. Beyond that a test of 501.5 to 509 is likely, If it holds..

Trade Accordingly.

Oct Crude Oil
Early support is at 1928 then 1908, traders should have buy orders waiting for a 2- Day Turn higher at 1905 risk a close under 1901 for three days in a row. Resistance is near 1953 then 1958 and 1976 sell there(1976) risk a close over 2001. where 1997/ 2001 then 2012 offers Resistance. Above that Traders should sell at 2042 risk a close over 2055 or a trade over 2067

Trade Accordingly..

Oct Unleaded Recommended Position long at 5930
Early support is near 5930 More support is near 5835 then 5740, where traders should buy for a bounce risk a trade under 5630. Resistance is near 6035 then 6125 where traders should sell , risk 100 pts. more reistance is near 6175 then 6280 sell there for a quick turn, risk 70 pts. Beyond that 6470 is where traders should sell for a Position risk a close over 6510 for two days in a row.

Trade Accordingly

Dec Heating Oil. Recommended Position Long at 5565
Support should appear near 5500 and 5435. Below that 5390 should hold. Resistance is near 5635 then 5690 . Above that 5715 offers reistance, a close over 5745 augurs for a 'pop' to 5840.

A close over 5620 is Friendly

November Beans Recommended Position Short at 628 & 641
Early Resistance is near 640 3/4 then 649 1/2 , above that 662 offers resistance.Sell at 662 , risk a trade over 668.
Support is at 635 3/4 , a close under augurs for slip to 623 then 621 where traders should have buy orders waiting , buy at 621 , risk 8 cents. and stay tuned...A close under 621augurs for a break to 611 1/2 where support lies, traders should have buy orders at 611 3/4 for a turn higher risk, a close under 603 1/2 for three days ina row.

Dec Soybean Meal

Support is near 213 then 210.5 Buy at 210.5 for a bounce, risk a trade under 208 Early Resistance is near 219, sell at 219 risk a trade over 223.

Dec Soybean Oil
Buy Dec Bean Oil at 2249 for a bounce , risk a trade under 2218.
Below that 2239 should hold.
Resistance is near 2322 then 2348. Beyond that 2370 should trade. A close over 2370 augurs fora trade to 2414.
Trade Accordingly and Stay Tuned

Dec Corn Recommended Position Long at 261 3/4
Early support is at 261 3/4 , buy Dec Corn at 260 3/4 for a turn higher. More support is near 254, buy at 256 for a bounce , risk 5 cents. Resistance is near 268 then 270 , sell at 271 Risk a close over 275 for three days in a row.

December Wheat
Early Resistance is near 391 sell there and risk a close over 398 for three days .in a row. Support is near 376 where traders should buy for a bounce risk, 5 cents, below that 374 then 368 offers support.

Trade Accordingly

October Cotton
Support is near 7195 Buy there for a boune risk a trade under 7135. Below that 7060 offers some support Resistance should appear near 7315 then 7480, sell at 7480 for a turn lower risk a close over 7570 for two days in a row.

October Sugar
Early Support is at 1143 with more resting near 1124 to 1115. Traders can buy at 1128 for a turn higher, risk a close under 1101 for three days in a row.More Support is at 1092. Resistance is near 1167, sell at 1164 , risk a close over 1171 for two days in a row. Above that sell at 1192 risk a close over 1207 for three days in a row.

Stay Tuned

December Coffee Recommended Position Short at 190.20
Early support is near 185.20 below that 184.95 offers support buy there for a bounce,risk 350 pts. More supports rest below at 181.35 then 178.40 offers support. Buy at 178.40 for a turn , risk 200 pts. Below that 173.10 is likely to trade, If The Coffee Cools off to 16610 Buy for a tuen higher , risk a close under 164.20 ..If that fails a slip to 157 is likely. Resistance is near 188.45 then 190.10, sell at 190.10 risk a trade over 191.80. More resistance is near 192.45 and 196.35 If the Dec Coffee 'Boils' to 207.65 sell for a turn lower , risk a close over 208.80 for two days in a row..

Coffee Trading is Not for widows and orphans ....Have your' Steel Cup' Ready.

November Orange Juice Recommended Position Long at 6810
Early Resistance is near 6970 above that 7040 and 7105 offers resistance Beyond that 7185 to 7290. A close over 7240 is friendly. Support should appear near 6870 then 6770 where traders can buy for a turn higher , risk a close under 6740 for two days in a row.

December Cocoa
Support is near 1626 ,where traders should buy for a turn, risk a close under 1609 for two days in a row. More support is at 1576, then 1565 buy at 1565 , risk 30 pts. Resistance is near 1680 then 1706 and 1730, sell at 1706 risk a close over 1740 for three days in a row.

November Lumber Recommended Position long at 332.80
Support is near 32280 then 320 below that 317.90 offers support. . Resistance is near 325.90 then 328.40 and 331.30. to 332.40

A close over 324 if friendly.

Oct Cattle: Recommended Position Long at 6972 & 6782
Support is at 68.17Below that 6787 then 6742 offer support. Resisitance is near 6890 where good resistance should appear. A close over 6907 friendly for a 'pop' to 7007.

Trade Accordingly.

December Live Cattle Recommended Position long at 6865
and Long Dec Short June at -165.
Nearby Support should appear at 6947 and the 6900 region with 6857 below that. Reistance is near 6975 and 7002. A close over 6977 Augurs for a 'Thrust' to 7047 then 7072 and 7112.

Traders should Buy /add to Longs at 6897 Early in the Week...

Bullish ...Buy Dips

Spreaders should maintain Positions in long Dec Short June Cattle

October Feeder Cattle
Early Support is at 8027 Below that 77982, then 7932 Resistance is near 8112 and 8127, sell at 8117 risk a close over then 8137 for two days in a row. Trade accordingly.

October Hogs Recommended position long at 7052
Nearby Resistance is at 7052 then 7137and 7152 sell there for a turn, risk only 40 pts.A close over 7157 augurs for a a rally to 7280.
Support is at 7002 then 6987, More support is near 6955 to 6937 and it should hold , however a close under 6947 indicates a trade down to 6755 where buyers should go long for a turn higher , risk 100 pts.

Trade Accordingly.

Feb Bellies Recommended Position Long at 7237
Support is at 6617 and 6577, buy at 6592 for a good bounce, risk close under 6480 for three days in a row. Below that 6447 offers a buying region , traders should go long at 6430 for a good bounce , risk 100 pts.. Resistance is near 6727, then 6817 and 6877. A close over 6727 augurs for a rally to 6877 .

Near term Bullish

Dec Bonds Recommended Position Short at 112-19 & 112-26 Long 2 Oct Bond 111 Puts at 17 Early and critical support is at 112-24 and 112-10 a extended trade under or close under 112- 10 is negative, and indicates a decline towards the 111-24 region where minor support rests. Below that 111-09 is where Traders can buy for a bounce only ,risk 7 pts. Try to maintain the shorts. Under that 110-26 should hold . However a decline towards 109-19 is not out of the question if the Bonds Fail.

Resistance is at 113-07 to 113-10 , above that 114-10. A close over 113-11 is friendly for a move to 113-16 then 114-10.

Trade Accordingly and Stay Tuned ....

Sept SP500
On the Downside, Early support is 932.65 to 931.60, and 930.90. Below that 929.30 and 923.65. A close under 932.35 or 930.80 indicates a slip to the 915.60 /914 support region. Where traders should buy at 915.60 for a turn higher , risk a close under 911.35 , where more support lies.
Below that 906 to 904.40 offers support. Traders can Buy at 906 for a quick turn higher , risk a tade under 904.40 for 15 minutes... Below that 900.50 to 898.15 offers support, buy there for a bounce , risk a trade under 896.40 for 15 minutes or a close under 893.40. Stay tuned .

On the Upside, Resistance is at 934.70 Beyond that 937.40 /937.80 to 938.80 offers Resistance. Good sellers should raise their heads at 941.25 then 942.90 to 944.50. Sell at 942.90 risk a trade /close over 945.10. for two days in a row. Stay tuned for updates...Above that 947.90 offers firm resistance , sell at 947.90 to 948.55 , risk a trade over 952.60 for 15 minutes.Beyond that 960.80 to 963.30 offers resistance, Sell at 962.50 for a turn lower. Stay Tuned More sellers should appear near 964.10 where hearty traders should sell short for a turn lower, beyond that.A rally to the 993 region may occur.

Trade Accordingly

Happy Trading

Bill

9-08-1997 7:15 PM EST

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