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 15
6:20 PM EST

Dec-Yen
Early Resistance is near 8443 then 8478 and 8484/8499 offers good resistance. Above that 8505 then 8588,Traders should sell at 8588 , risk a close over 8620 for three days in a row. Nearby support is at 8378 and 8355 . Traders should buy at 8346 for a turn, risk 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 Recommended Position short at 6989
Early support is 6973 below that 6947 offers good support below that 6919 then 6897 where traders can buy for a bounce at , risk 20 pts. Resistance is at 6997 to 7003 then 7047 with 7074 to 7088 and 7097 above that..

Trade Accordingly..

Dec. British:
Support is at 159.60 and the 158.40 region below. 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 in a 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 Short at 5729
Support is near 5698 then 5688 to 5681 below that 5638 should offer upport. Additional buyer should also appear near 5584 then 5517 , where traders can buy for a good bounce , risk a close under 5482.Below that 5430 should trade.
Nearby Resistance is at 5716, to 5729 Beyond that 5738 offers reistance. Beyond that 5781 to 5788 offers resistance , sell at 5792 , risk a trade over 5818.A close under 5698 is negative

December Gold Recommended Position long at 328.80
Nearby support is at 323.20 and 322.40 Below that 312 should hold. Resistance is at 326.8 and 332.4 A close over 332 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 9570 then 9390 with 9320 below that. Resistance is at 9760 beyond that 9790 and 9960.Traders should sell at 101.35 for a turn lower risk a close over 102.80 for three days in a row.

Oct. Platinum Recommended Position Long 437
Nearby support appear near 424.8 and 421.8 below that 416.5 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 432.0 A close over 433 indicates a 'touch' of 441.
Buy dips

December Silver Recommended Position Long at 472
Support is 473. then 469, below that 466 should hold.. However if it doesn't, buy at 458.5 for a position, risk a close under 455 for three days in a row. Resistance is near 478 above that 486 offers good resistance, beyond that 492 is here good sellers should appear.

Trade Accordingly.

Oct Crude Oil
Early support is at 1916 then 1911 to 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 1890 and 1886. Resistance is near 1930 then 1936 then 1940 and 1961 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

A clsoe ovcr 1941 is friendly...

Trade Accordingly..

Oct Unleaded
Early support is near 5770 then 5740, where traders should buy for a bounce risk a trade under 5630. Resistance is near 5860 then 5890. Beyond that 5965 and 6125 where traders should sell , risk 100 pts moe 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 5410 and 5305. Resistance is near 5505 . Above that 5640 offers resistance.

November Beans Recommended Position Short at 628
Early Resistance is near 638 3/4 above that 644 1/4 and 652 3/4.
Support is at 625 then 621 where traders should have buy orders waiting , buy at 621 , risk 8 cents. and stay tuned. A close under 618 1/4 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 208.A close under augurs for a slip to 204 then 202.Resistance is at 213 then 215 and 217..

Dec Soybean Oil
Support should appear at 2275 then 2264 ,Buy Dec Bean Oil at 2249 for a bounce , risk a trade under 2210.
Resistance is near 2350. Beyond that 2364 should trade. A close over 2365 augurs for a trade to 2404.
Trade Accordingly and Stay Tuned

Dec Corn
Early support is at 264 , below that 259 and 257, More support is near 254, buy at 256 for a bounce , risk 5 cents. Resistance is near 266 3/4 with 269 and 274 above that.

December Wheat
Early Resistance is near 376. Above that 381. Support is near 364 3/4 to 363 3/4. if a real failure occurs this week .Buy Dec Wheat at 357 , risk a close under 349 for three days in a row.

Trade Accordingly

October Cotton
Support is at 7300 then 7255 below that 7195 Buy there for a bounce risk a trade under 7135. Resistance should appear near 7365 then 7450 ,sell at 7480 for a turn lower risk a close over 7570 for two days in a row.

October Sugar Recommended Position long at 1128
Early Support is at 1118 then 1104 More Support is at 1094, buy at 1094 for a bounce , risk 15 pts. Resistance is near 1144 to 1152 , with 1162 above that.. 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
Support should appear at 170.80 then 16960 to 168.90, below that 167.40 and 16610 offer support Buy at 166.10 for a turn higher , risk a close under 164.20 where suuport should appear, If that fails a slip to 161.90 then 158.90 and 157 is likely. Resistance is near 173.10 to 173.80 , above that 175.80 then 178.10 and 180.80

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 7095. Beyond that 7125 and 7205 to 7225. A close over 7210 is friendly. Support should appear near 6910 , below that 6855 and 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 1647 More support is at 1634 and 1597, below that 1565, traders should buy at 1565 , risk 30 pts.More support should appear near 1540. Resistance is near 1655 above that 1677 and 1689 to 1693 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 316.90 then 314.50.. A close over 318 is friendly Resistance is near 319.90 and 322.

Oct Cattle: Recommended Position Long at 6972
Support is at 6855. Below that 6832 , More support should appear at 6757. . Resisitance is near 6902 to 6917, beyond that 6982. A close over 6902 augurs for a trade to 6982

Trade Accordingly.

December Live Cattle Recommended Position long at 6865
and Long Dec Short June at -165.
Traders should consider adding to Long Dec Cattle on breaks...Nearby Support should appear at 6952 then 6917 / 6907. Traders should Buy with Both hands at 6917 , risk 80 pts. Below that, 685 and 6842 should considered a buying region. Reisistance is near 6992 then 7062. Beyond that 7137 offers resistance ....

Bullish ...Buy Dips

Spreaders should maintain or add to Positions in long Dec Short June Cattle

October Feeder Cattle Recommended Position Short at 8117. Protect it with a Stop Close only over 8197for today.
Early Support is at 8167 then 8155 with 8097and 8042 offering good support. Resistance is near 8197, above that 8230 offers resistance..

A close under 8152 is a bit negative.

Trade accordingly.

October Hogs Recommended position long at 7052
Nearby Resistance is at 7142 above that 7152, sell at 7152 for a turn, risk only 40 pts.More Resistance is near 7187. A close over 7190 augurs for a a rally to 7280.... sell at 7280 for a turn risk a close over 7342 for two day is a row.
Support is at 7087 then 7067, below that 7055 then 6987.

Trade Accordingly.

Feb Bellies Recommended Position Long at 7237 & 6592
Support is at 6785 then 6755 and 6667. Below that 6605. Resistance is near 6847 then 6905. Beyond that 6970 should trade.

Trade Accordingly...

Dec Bonds Recommended Position Short at 112-26 Long 2 Oct Bond 111 Puts at 17 Early support is at 113-06 then 112-15 to 112-13.Resistance is at 113-15 and 113-18 beyond that 113-29 then 114-13/114-15 . Sell at 113-15 for a quick turn , risk 5 pts.

Dec SP500
On the Downside, Early and critical support is 927.65. Buy at 927.65 , risk 200 pts.failure or a close under, would indicate a slip to support near 926.20 and 923.65 Below that 915.60 and 914 should hold , if not a trade to the 910 region should occur...Stay Tuned
On the Upside, Resistance is at 931.65 Beyond that 933.15 and 934.70 offers firm resistance. Sell at 934.70, risk 200 pts. Good sellers should raise their heads at 939.70 sell at 939.70 , risk 200 pts , beyond that 942.90 to 944.50. Sell at 943.40 for a quick turn, risk 200 pts. Beyond that 945.60 is likely to trade. A close over 945.60 augurs for a trade to 954.20.

Trade Accordingly

Happy Trading

Bill

9-14-1997 11:17 AM EST

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