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 Sept 11
6:52 PM EST

Dec-Yen
Early Resistance is near 8484 then 8518 offers good resistance. Above that 8565 the 8588,Traders should sell at 8588 , risk a close over 8620 for three days in a row. Nearby support is at 8465 then 8383, below that 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.

Trade Accordingly..

Dec Swiss Franc
Early support is 6840 then 6809 , below that 6790 offers support, under that 6760.and 6740.Early Resistance is at 6860. Above that 6890 , 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:
Support is at 158.50 then 157.60 Resistance is near 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
Support is near 5640 below that 5631 and 5596 Support should also appear near 5581 then 5517 , where traders can buy for a good bounce , risk a close under 5482.Below that 5430 should trade.
Nearby Resistance is at 5667and 5681., sell at 5667 for a turn lower , risk a close over 5692. Beyond that 5731 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
Nearby support is at 323.3 then 321to 318 .Below that 308 should hold. Resitance is at 329.7 and 331. A close over 331 augurs for a rally to 335 where good resistance 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 Recommended Position long at 9545
Nearby support is 9420 then 936 Resistance is at 9560 and 9760 beyond that 9820 and 9960.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 437
Nearby support appear near 427.5 and 420.5 below that 417 and 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 430.5 A close over 430 indicates a 'touch' of 440.5.
Buy dips

December Silver Recommended Position Long at 472
Early support is 473. More Support should appear near 465 buy at 458.5 for a position, risk a close under 455 for three days in a row. Resistance is near 482 , a close over 483 augurs for a 'pop' to 492 where good sellers should appear. Beyond that a test of 501.5 to 509 is likely

Trade Accordingly.

Oct Crude Oil
Early support is at 1933 then 1905, 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. More support is near 1897 . Resistance is near 1947 then 1958 and 1983 sell at 1976 risk a close over 2001. Beyond that 1997 to 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
Early support is near 5850 More support is near 5750 then 5740, where traders should buy for a bounce risk a trade under 5630. Resistance is near 5920 then 5955. Beyond that 6050 and 6125 where traders should sell , risk 100 pts. More resistance 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 5440 and 5335. Resistance is near 5470 then 5500 . Above that 5690 offers resistance, a close over 5745 augurs for a 'pop' to 5840.

November Beans Recommended Position Short at 628 & 641
Early Resistance is near 647 3/4 and 651 1/2. Beyond that Sell at 662 , risk a trade over 668 as more resistance is at 665.
Support is at 637 1/2 , a close under or extended trade under, augurs for slip to 623 1/2 then 621 where traders should have buy orders waiting , buy at 621 , risk 8 cents. and stay tuned. A close under 619 3/4 augurs 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 in a row.

Dec Soybean Meal

Support is near 210.5 Buy at 210.5 for a bounce, risk a trade under 208 Early Resistance is near 216.9 then 219, sell at 219 risk a trade over 223.

Dec Soybean Oil
Support should appear at 2258 ,Buy Dec Bean Oil at 2249 for a bounce , risk a trade under 2218.

Resistance is near 2308 then 2322. Beyond that 2358 should trade. A close over 2355 augurs for a trade to 2414.
Trade Accordingly and Stay Tuned

Dec Corn Recommended Position short at 271
Early support is at 269 and 268, More support is near 264 then 259. .Resistance is near 274 above that 278 offers resistance.

December Wheat Recommended Position 376
Early Resistance is near 381 then 387 and 389/391 sell at 391, risk a close over 398 for three days .in a row. Support is near 377 then 375 3/4 where traders should buy for a bounce risk, 3 ents, below that 369 offers supports ...

Trade Accordingly

October Cotton
Support is near 7195 Buy there for a boune risk a trade under 7135. Resistance should appear near 7285 then 7315 , beyond that 7380.

October Sugar
Early Support is at 1144 then 1138 with more resting near 1128. Traders can buy at 1128 for a turn higher, risk a close under 1101 for three days in a row.More Support is at 1094, buy at 1094 for a bounce , risk 15 pts. Resistance is near 1166 and 1178, 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
Early support is near 18755 then 18555 offers support. Below that 184.20 then 181.35 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 190.50 and 190.90 More resistance is near 19220 then 196.35 If the Dec Coffee 'Boils' to 207.65 sell for 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 7105. Beyond that 7175 to 7225. A close over 7240 is friendly. Support should appear near 7060 then 6980 , below tha 6770 where traders can buy for a turn higher , risk a close under 6740 for two days in a row.

December Cocoa Recommended Position Long at 1626
Support is near 1611 More support is at 1590, then 1565 buy at 1565 , risk 30 pts.More support should appear near 1540. Resistance is near 1640 , above that 1690 then 1711, 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 321.30 below that 318.80 offers support. . Resistance is near 323.80 then 326.30 and 327.00 above that 331.30.

Oct Cattle: Recommended Position Long at 6972
Support is at 6917 then 69007 Below that 6862 then 6825. Resisitance is near 6942 then 6972, beyond that 7007, a close over 7007 augurs for a trade to 7050 then 7067.

Trade Accordingly.

December Live Cattle Recommended Position long at 6865
and Long Dec Short June at -165.
Nearby Support should appear at 6985 and the 6922 with the 6910 region below that.under that 6857 should considered a buying region. Reisistance is near 7007. A close over 7012 Augurs for a 'Thrust' to 7057 then 7072 and 7132.

Bullish ...Buy Dips

Spreaders should maintain Positions in long Dec Short June Cattle

October Feeder Cattle
Early Support is at 8027 then 7967, with 7867 below that Resistance is near 8067 then 8102, sell at 8117. Iinitially risk a close over 8137 for two days in a row. More resistance should appear near 8167 .

Trade accordingly.

October Hogs Recommended position long at 7052
Nearby Resistance is at 7072 then 7095. Beyond that 7152, sell there for a turn, risk only 40 pts.More Resistance is near 7177.
Support is at 6977, below that 6897 then 6877. Below that 6755 is where buyers should go long for a turn higher , risk 100 pts.

Trade Accordingly.

Feb Bellies Recommended Position Long at 7237 & 6592
Support is at 6617 then 6587 and 6502 . Below that 6437 offers a buying region , traders should go long at 6430 for a good bounce , risk 100 pts.. Resistance is near 6732 then 6797. beyond that 6817 and 6877. A close over 6742 augurs for a rally to 6877.

Near term Bullish

Dec Bonds Recommended Position Short at 112-26 Long 2 Oct Bond 111 Puts at 17 Early support is at 111-28 and 111-24 where minor support rests. Below that 111-13 is critical and 111-09 should offer support. Traders can buy at 111-09 for a bounce only ,risk 7 pts. Try to maintain the shorts. Under that 110-31 is likely then 110-17 to 110-13 should hold ....However a decline towards 109-19 is not out of the question if the Bonds Fail.

Resistance is at 112-13 to 112-17, beyond that 113-09 and 113-13 beyond that then 114-12. A close over 112-17 is friendly for a move to 113-09.Trade Accordingly and Stay Tuned ....

Dec SP500
On the Downside, Early and critical support is 914 , a trade under augurs for a test of the 911.35 region With a likely trade to 910.05 under that.
Below that 908.45 is where traders can buy for a bounce , risk a trade under 905.10 or 904.30, which offers some support ...Pick your poison.... Below that 901.80 then 896.40 offers support, buy at 896.40 for a bounce , risk 200 pts. A trade under 893.40 indicates a trade to the 891.40 / 890.30 region where 'Hearty 'traders should Buy and Hold, risking a close under 885.60. if all hell breaks loose , look for 880.40 to 877.70 to maintain sanity.

Traders Should 'Play' the Sp500 Like Porcupines make Love ...Very Carefully...

On the Upside, Resistance is at 915.60 above that 922.45 then 922.95 and 923.65 , beyond that 925.75 is likely then 927.35 where good sellers should appear.Sell at 927.35 for a quick turn , risk 200 pts. A close over 923.65 or 927.35 indicates a 'pop' to the 931.65 / 934.70.region where sellers should re-appear.sell at 934 for a turn risk 200 pts. Beyond that 937.40 then 938.80 and 939.70 offers firm resistance.. Good sellers should raise their heads at 942.90 to 944.50. Sell at 943.70 risk 200 pts. Beyond that 947.90 is likely to trade....

Happy Trading and Remenber-- 'When in Doubt, Get out'

Bill

9-11-1997 8:17 PM EST

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